Old Truck to Financial Freedom | 9toFI Ep017 | 9 to FI Podcast

In this episode of nine to FI, we dive into how owning a 13-year-old Chevy Colorado for over nine years has significantly contributed to my journey towards financial independence and early retirement. Join Josh and Elliot as they discuss the financial benefits of keeping an older vehicle, the insights from recent car ownership statistics, and practical steps for turning a vehicle from a money pit into a money-making asset. We also share strategies on monthly savings, the gig economy, and how to maximize your car's utility for small businesses and side hustles. Don't miss out on the valuable tips for anyone looking to make thoughtful financial decisions about car ownership!00:00 Introduction: Can Cars Build Wealth?00:25 Meet the Hosts: Josh and Elliot00:56 Car Ownership Stats and Trends03:21 Commuting and Carpooling Insights05:57 Monthly Savings Project06:40 Streaming Services and Mobile Savings09:47 Internet Provider Hacks15:36 Josh's Truck: A Wealth-Building Tool22:38 Cost of Ownership and Financial Impact24:44 Mindset and Identity: Truck as a Symbol30:19 Turning Vehicles into Moneymakers32:12 Advice for Younger Self and ConclusionDo 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