Don't Buy A $3,000 Car! But If You Must... episode artwork

EPISODE · Jul 5, 2023 · 18 MIN

Don't Buy A $3,000 Car! But If You Must...

from TrailMarkers By Expedition Money · host TrailMarkers By Expedition Money

What I want to discuss here is that in the financial planning world, the personal finance world, a lot of people will talk about, Hey, you should sell that car. You can't afford the payments. Get out from under it and then go buy yourself a cheap car. Sell that $20,000 car. You know you have a $20,000 loan on it. Pay it off. Take $3,000, buy a cheap car. Use that as your transportation. My issue with this is that it's easy to say and mathematically it makes sense and cars are more reliable now than they've ever been. But my issue with this is that. A $3,000 car sucks. Financial wellness programs are supposed to help people become more financially confident and secure. We want to help people get fully invested in themselves and their future. The Expedition Money financial wellness program is unique. At Expedition Money, I believe that financial wellness is a journey, one that can last a lifetime. That’s why I want to help as many people as possible have access to ideas and tools that will create massive change in their lives. Because financial wellness isn’t about being wealthy with money - it’s about being wealthy with life.

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Don't Buy A $3,000 Car! But If You Must...

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