EPISODE · Dec 9, 2021 · 2 MIN
Owning a vehicle
from Living Limitless · host Clint Riggin
Happy Thursday, Limitless Family! We’re going to talk about owning a vehicle this morning. So, this is a question I get asked on a weekly basis. “Clint, why don’t you own a car?” Well, in 2018 after getting out of the military, I thought it was really smart to take out four credit cards which were all maxed out by 2020. This took my credit to about a 438. Fast forward to now, we’re on our way back up to an 800 by sometime next year. Debts are being paid off. Business credit is being established where I will be able to purchase my dream car using business credit, also writing it off as a tax write-off at 50%. I’ve learned that patience is a virtue which is something my dad has always taught me, which I never listened until early this year. Hard-headed to say the least. Let me give you some stats about owning a vehicle compared to an Uber. Car maintenance. This will depend on the make and age of your vehicle, but AAA estimates car owners will spend around $1,186 each year. The most expensive states average to $1,824. You pay an average of $7,929 to fuel your vehicle assuming you drive at least 10,000 miles per year, so owning a car can set you back at least around $11,000. Now, Uber Black on the other hand, coming in at 80 cents per mile, assuming you’ll travel 10,000 miles per year, you’ll pay about $8,000 per year, making Uber slightly cheaper. You can say I’m learning a big lesson on credit for the mean time but thanks to Kevin Faulkner and Jose Rodriquez, credit won’t be an issue this time next year. I want you to start thinking long-term. Short thinking leads to short results. Guys, if this uplifts you, inspires you, and motivates you, all I ask is you share this with your friends, family, Facebook, Instagram, Twitter, Snapchat, all over the place — because we want to make this the number one inspiration podcast every single morning you listen to it. Guys, have an amazing day and LIVE LIMITLESS!
What this episode covers
Happy Thursday, Limitless Family! We’re going to talk about owning a vehicle this morning. So, this is a question I get asked on a weekly basis. “Clint, why don’t you own a car?” Well, in 2018 after getting out of the military, I thought it was really smart to take out four credit cards which were all maxed out by 2020. This took my credit to about a 438. Fast forward to now, we’re on our way back up to an 800 by sometime next year. Debts are being paid off. Business credit is being established where I will be able to purchase my dream car using business credit, also writing it off as a tax write-off at 50%. I’ve learned that patience is a virtue which is something my dad has always taught me, which I never listened until early this year. Hard-headed to say the least. Let me give you some stats about owning a vehicle compared to an Uber. Car maintenance. This will depend on the make and age of your vehicle, but AAA estimates car owners will spend around $1,186 each year. The most expensive states average to $1,824. You pay an average of $7,929 to fuel your vehicle assuming you drive at least 10,000 miles per year, so owning a car can set you back at least around $11,000. Now, Uber Black on the other hand, coming in at 80 cents per mile, assuming you’ll travel 10,000 miles per year, you’ll pay about $8,000 per year, making Uber slightly cheaper. You can say I’m learning a big lesson on credit for the mean time but thanks to Kevin Faulkner and Jose Rodriquez, credit won’t be an issue this time next year. I want you to start thinking long-term. Short thinking leads to short results. Guys, if this uplifts you, inspires you, and motivates you, all I ask is you share this with your friends, family, Facebook, Instagram, Twitter, Snapchat, all over the place — because we want to make this the number one inspiration podcast every single morning you listen to it. Guys, have an amazing day and LIVE LIMITLESS!
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Owning a vehicle
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