Driving to Financial Freedom | 9toFI 015 | 9 to FI Podcast

How CARS helped me achieve FIRE (reducing the cost for one of the BIG 3)In this episode of Nine to FI, Josh and Elliot explore the complex world of auto financing. They offer practical tips for car purchasing, share a mix of success and failure stories, and discuss their personal car ownership journeys. This episode kicks off a multi-part series focusing on cars and financial independence. Tune in for insights on making smarter car decisions and the financial benefits that come with it. Enjoy the casual conversation and learn how you can turn your car savings into investments for a secure and comfortable future.00:00 Introduction to Smart Car Ownership00:40 Meet the Hosts: Josh and Elliot01:24 Halloween Fun and Family Talk03:14 Shocking Car Payment Statistics09:54 Call to Action: Support the Show10:36 Personal Car Ownership Stories26:30 Financial Strategies for Car Purchases28:50 The Money Guy Show's Car Buying Rule32:46 The Cost of Car Ownership34:44 Interest Rates and Financing37:28 Smart Spending Strategies49:45 Leveraging Your Car for Income54:39 Shifting Mindsets for Financial Freedom57:09 Rapid Fire Questions01:03:43 Closing ThoughtsDo you have feedback or suggestions? We want to hear from you!Contact Elliot: [email protected] Josh: [email protected] of these products help the show. Thanks for your support!Mint Mobile - We both use ⁠Mint Mobile⁠ and save a ton on our phone plan: ⁠https://fbuy.me/vgAmz⁠⁠Empower⁠ is Josh’s choice for Net Worth and BudgetingWanna create a podcast? We use ⁠Descript⁠Looking for a new credit card?  We’re big fans of ⁠Chase⁠⁠Buy Us a Coffee⁠ - One time donation or monthly, it’s up to youWant to save money on gas? Try ⁠Upside!⁠Books mentioned in this episode:Come find us and subscribe on YouTube: http://www.youtube.com/@9toFI