What a great video! Thanks for the link, Z. I'm a huge Dave Ramsey fan, and have heard so many people on his show that have rolled over their "upside-down" car loans into a new car loan. So not only has that $25,000 car lost 25% of its value when they drive off the lot, they owe $30,000 on it because they rolled over their first bad decision. So now they owe $30k on something that's worth $19k. And don't even get Dave started on talking about leasing (or "fleecing") a car....
We have two paid-for cars. Now I just need to get that $475 per month to start earning that 12%...
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Our paid-for cars are looking pretty good right now.
What a great video! Thanks for the link, Z. I'm a huge Dave Ramsey fan, and have heard so many people on his show that have rolled over their "upside-down" car loans into a new car loan. So not only has that $25,000 car lost 25% of its value when they drive off the lot, they owe $30,000 on it because they rolled over their first bad decision. So now they owe $30k on something that's worth $19k. And don't even get Dave started on talking about leasing (or "fleecing") a car....
We have two paid-for cars. Now I just need to get that $475 per month to start earning that 12%...
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