A car is a depreciating asset. You buy it, and it immediately goes down in value. A LOT if you buy a new car. Wealthy people buy assets. Poor people buy depreciating assets.
While taking part in Dave Ramsey’s “Financial Peace University”, we heard a great example of how you could turn traditional thinking around, and make your money work for you. Drive Free Cars For Life! They started the lesson out by talking about how the average new car payment for 1/3 of car buyers is $475 […]