I Did This To Save Money For My Next Car Purchase

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Information I Did This To Save Money For My Next Car Purchase

Title	:	I Did This To Save Money For My Next Car Purchase
Lasting	:	16.30
Date of publication	:
Views	:	6,9 rb

Go to my sponsor auracom/jarrad to get a 14 day free trial and see if your personal information has been leaked onlinebrbrb**CORRECTION**/b At one point in the video I misspoke by mentioning I've been doing this car investing strategy for 7 years I've only been doing it for a little under 4 years so I have 3 more years until I need to purchase my next car
Comment from : Jarrad Morrow

Thumbs up for the Dumb and Dumber reference 😂brWe’re paying cash for our next car…as painful as that may be, lol
Comment from : SwoffBass

Is 7 years long enough to invest in S&P 500?
Comment from : Shahar Har-Shuv

0:23 wait what? How come people spend on transportation more than food? I'm from NYC and I think I probably spend about 10 times more on food than on transportation
Comment from : Shahar Har-Shuv

I need to start a car fund for sure Considering even doing like a 4 interest high yielded savings account But love the idea of being thoughtful about this Need that spreadsheet!
Comment from : Alec Strahl

Great video Any suggestions on savings accounts or other alternatives? I'm looking for a safer option for a 2-3 year plan
Comment from : Connor Dougherty

2013 Chevy Cruze still chuggin along just fine right now, 150k miles :) Only ever had 1 part go bad, don't remember exactly what it was 2 years ago, replaced it for like $1000 and no issues since
Comment from : Vincent Petro

Great stuff “Real life does not care about your spreadsheet” but having a budget and investing also involves math Helpful insights here for buyers Thanks
Comment from : DanyoBro

Had my 2007 Mazda 6 for 11 years, 275k miles Hoping for the same with my current 2017 Mazda CX-5
Comment from : Jim Murray

Thank you for making this video I appreciate your honesty and you showing how you had to make adjustments to your plan I remember watching a couple of your past car investment videos a month ago and having a ton of issues with it But this is refreshing to see I’m trying to do something similar, but for my kids’ college fund
Comment from : k3no

Did you read my mind? I was thinking it might be time to get a new car vs keeping my Honda Fit 2009 that has under 90k miles (has been making a noise when turning in and struggles to warm up the cold weather so it turns off sometimes if I drive it before the cool engine light goes off)
Comment from : Maria camila Moreno

I to this day don’t understand why people make such a big case of S&P vs a total US index They both are market cap weighted, meaning they will perform almost identical The “20” you get in mid/small cap within a fund like VTI is so minuscule, the percentages to those companies are so small, IMO they barely make a difference The “diversification” factor leaves me scratching my head… the heavier weighted companies historically have carried the market, some prefer a self cleansing fund, I believe that to be something like the S&P NFA, just my two cents
Comment from : Chris

Came in with a tactic that old folks been using since the 70s
Comment from : Felicia Felicia

Why do you wish you invested in VTI rather than VOO?
Comment from : Nathan Fausett

…I can’t fathom how ridiculously priced cars have become I have only purchased 3 cars in my 53 years None of them were brand new yet I still have all 3
Comment from : skymuffn

I went from a regular mountain bike, to an electric bike with a battery powered peddle assist (so I still need to pedal, I just get a boost every once in a while) It's great for getting up my nile long hill
Comment from : Shae Reub

If you’ve saved 90 of your goal, and the engine blows up and you gotta buy a new car Now… a 90 down payment is pretty darn good Just another way to look at it
Comment from : delliott777

Ally No Penalty CD is currently 475! If you don't want risk, put your money in something like this
Comment from : BadPhd

Still have my 92 Landcruiser
Comment from : Marcie Lynn

I'm going to go ahead and assume the recent inflationary trends will stay Companies have not found our upper limit on spending because we keep spending, so they will keep padding their profits until someone screams
Comment from : Crusader06

I have a 2006 for escape with 200k miles on it I’m going to buy a different car soon There is a place near me that has salvage titles, so many are only hail damage, but about 40-60 cheaper I don’t care about the looks, only if it gets me to work and back everyday I drive them for a long time
Comment from : Dagz from earth

public transportation is the solution
Comment from : Oleg Malashevich

Still loving my 2008 Pontiac with 88k miles Since I work from home, it should last several more years My wife's car is a 2014 Cadillac It is also paid for and she also works from home Living the dream!
Comment from : Todd Hallam

Paid $7k cash for my 50,000 mile 2012 Mazda 3 back in 2017 Now, it’s at 110,000 miles and nothing but oil changes and a new set of tires and brakes ;)
Comment from : Geovanny LC