How to Prioritize Financial Goals When You Can't Pursue Them All
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- čas přidán 26. 08. 2024
- Sometimes we don’t have enough margin to accomplish every financial goal we have at once. For example, you may not be able to invest 25% for retirement AND pay for a new car in cash. If this is the case, which one do you sacrifice?
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I think it depends on the specifics of a situation. As a rule, taking a break from saving goals to buy something like a car is fine, as long as you have a plan to get back on track and you don't ignore company match in retirement accounts. I would suggest buying something used though (1-4 years old, low mileage, no accidents). New cars, generally, lose value as soon as you buy, so it's better to get it used.
This video couldn’t have come at a better time for me. Thank you!
Thousand Dollar Car by The Bottle Rockets is the song I believe they were talking about! Lol
Cost of the car matters in this situation. In two years, he shouldn't be making a down payment, he should be paying cash for a used car. A used Honda, Nissan, or Toyota.
Nissan 😮
Enjoy replacing that CVT transmission every 50k miles
@@MeltingRubberZ28 I've been driving a hand me down 2010 Nissan Altima. No transmission issue at all.
Commenters here forget this isn't Dave Ramsey, this show is about thinking for yourself to make educated decisions. Saving up a downpayment for a sensible car loan is fine. Did the extreme commenters miss the episode where Brian said to avoid absolutes?
Best question! Messy middle here I am
I need help ! Doing everything I can to save money right now currently make about $19 an hour I work 44-45 hrs. a week finally had almost $500 saved up then the car broke down and my daughter got sick at the same time really struggling to build the savings back up and get back to that $500 mark trying to make sacrifices as hard when you already don’t have much to sacrifice
Automate 10% of your income from your paycheck to a high yield savings. Put it in a different bank if you can't stop yourself from touching it at your bank. Only deal with the balance of your check for a few months and let it build. Make sure you are getting any employer match also.
Audio is really fuzzy.
I never notice audio but Brian’s mic sounds staticky. Couldn’t finish video
So where is this funny $1000 car video? I can't find it!
Cash car is the only way. You cannot be a financial mutant and then cave because the new Tesla came out. Too many ppl want to have their cake and eat it too. You can't afford that car.
Used cars only. Dont pay the stupid car tax