Common Investment Mistakes
How you, how you start to know we're coming to the end of an economic boom is you got seven million Americans behind on car payments, Got $1.5 trillion dollars in student loans. This is when you start to know that something, yes, rich are getting richer, but there's something underneath the surface. It's not right. Here is the thing, that's the average car payment in America on a new car, $530. What if you didn't have that car? What if you were not a two car american family or a three car american family for two people? Which happens all the time? What if you took that money at 7% In 25 years? You have almost a half a million dollars. Some of us talk about that. I drove a car for 10 years lisa carr behind at Bally's Drive for 10 years. Um, if you're gonna buy a car, don't buy it new, buy it off of a lease, it's two years old or three years old. I'm going to turn back, I leased cars because there's also, if you're, if you have your own business, there's benefits to leasing. You take a l...
ook at the car. I'm going to return before I leave for Florence. I'm gonna return this car to the dealership. It's got 6000 miles on it basically. Brand new. Someone can buy that car down for half of the retail price, but it's brand new. That's how you buy a car and ideally you don't borrow to buy a car. You take this money and you save it