048. Avoid Getting Crushed by Car Payments & Opportunity Costs

Getting crushed by car payments? In this episode, Amber discusses the “normalization” of huge monthly car payments, and how the costs could be more than you realize. In sharing her own approach to buying a new car recently, Amber delves into common financial mistakes when purchasing a vehicle, the concept of opportunity costs, and how you can apply this economic trick to maximize the ROI of your life.----------------------------Today We’re Discussing:Old Money Country Club updates (02:11)Who are our Rich Girls? (05:22)'Birdie and Bogey' (07:41)Car payments normalization and the need for financial literacy (11:55)Opportunity costs and making better decisions (15:58)Opportunity costs in life decisions(21:49)Ramit Sethi podcast on unchecked spending (37:33)----------------------------Want to connect with other rich girls and boys on their wealth journey? Join the very first (and only!) Old Money Country Club for free to get the inspiration you need, the resources you want, and the community you crave.----------------------------Connect with the Old Money Podcast:Web: OldMoneyPodcast.comEmail: [email protected]: @OldMoneyPodcastTikTok: @OldMoneyPodcast----------------------------Copyright (c) Old Money 2024.The content presented in this podcast is intended to entertain, educate, inspire and support listeners in their personal and professional development and does not constitute business, financial, or legal advice. Please note that this episode may contain paid endorsements and advertisements for products and services for which individuals on the show may have a direct or indirect financial interest in products or services related to the episode.Produced by AFMEDIA, a division of AFMKTG