The #1 Wealth Killer No One Talks About...

Video quality	The size	Download

Information The #1 Wealth Killer No One Talks About...

Title	:	The #1 Wealth Killer No One Talks About...
Lasting	:	14.18
Date of publication	:
Views	:	1,7 jt

10:50 I am not a mechanic, and I live in Europe, but oil change every 3,000 miles?! Most carmakers suggesting approx 7,500 miles in their manuals (It's still $8,000 savings in 45 years)
Comment from : spannershaman

I’m sure you’re financial genius and I don’t know too much about it but I disagree on many aspects You’re looking at var as investment, cars for families may not be investment it’s for usage and many of us buy or get new cars, in my case, Lease new cars because I need reliable transportation for my toddler, newborn and two older kids And the most new safe technology so this way I have peace of mind so peace of mind is not investment, and I am happy to take the cost
Comment from : Rashid Temuri

"no one talks about it" literally everyone talking about money mentions cars Dude wtf
Comment from : Qwerty10254

That cost of 10k per year is bs WAY too high, mine is about half of that for an STI
Comment from : ___Meph___

OMG! I wish my rent was under $1100/month Dude obviously doesn’t live in Southern California
Comment from : Amy Dearing

I have a bicycle 😂
Comment from : Occulted Jinx

Who is paying over $100 for an oil change?!
Comment from : JuanB

How the fuck are people paying 1k a month for a car? I'm happy I'm at my 373 a month with my car
Comment from : George B

I would agree with this guy if this video came before the pandemic and there was no shortage of cars In Canada, a 3-4 year old car costs close to a newer car In 2023, all the used cars and vehicle prices in Canada have increased significantly due to the so-called chip shortage It's a total mess!
Comment from : Harman S Bansal

What do you drive
Comment from : AJ Glass

Only businesses owner own civic, it's considered luxury in Malaysia
Comment from : JasperPovVlog

What car do you drive out of curiosity?
Comment from : Faubourg Lincoln

Anybody that needs car for work and goes to work and pays income tax should be a tax write off
Comment from : Johnathon McPherson

My best savings period of my adult life was kicked off by having two used cars, both paid primarily with cash and small, low interest loans Both are paid off and both continued to run fine with the occasional repair needed (2013 model year cars…10 years old and being used as daily drivers!)
Comment from : D Kipu

What is Net Domestic Product?brbrEconomists subtract the depreciation of capital goods from GDP and call the result NDP But the purchase of durable consumer goods is part of GDP also Economists don't subtract consumer depreciation like cars
Comment from : psikeyhackr

15k miles is a lot to drive each year I suggest living closer to where you work
Comment from : Pete Grady

Wife wants a new Tesla but her company is only 2 miles from our house and her Mazda is in very good shape However, is it really worth to argue with her? what if you win the argument and lost the marriage 😂
Comment from : Ben

Buying used cars is less fun and fills risky And they are so expensive that I think it's better to buy something you like and keep it until it dies
Comment from : Pete Grady

Gambling badly is wealth killer
Comment from : YorskieMaster

I’m quite sure that as we land at all cars being electric…our electricity costs will quadruple as they have already done in places like Germany So don’t expect that somehow the “lost leader” of low cost electricity is going to stay around forever One last thing…most electricity generation stations will continue to burn fossil fuels well over 20 years from now
Comment from : Bravozulu

Lucky i bought a car and it has appreciated over 100 even though i drove it regularly since
Comment from : Sonn Duro

Thumbnail has like one of the few cars that is insanely practical, sporty, and fun to drive at below the average car price (VW GTI)
Comment from : dsg4041

No car just walk
Comment from : paul marks

Sadly I live in Florida where a car for each person is almost mandatory But I approve this message while driving my paid off Nissa Versa from 2017
Comment from : maumor2

I drive a 2021 VW Tigaun - my oil changes are every 10,000 miles full synthetics oil at a cost around $7500 including oil filter
Comment from : Red Libra

This is funny to see americans complaining, because they can buy cars from $10k, wich is basucally 2 or 3 salaries, while in Brazil we can buy cars from $20k wich represents 30 salaries If it feels bad for you, you can imagine how it is for us
Comment from : farioff

Funny thing is, people don’t want to sell cars between 30k-60k miles, specifically because the car is still good, but the value has fallen off Most people trade their car in after 1-2 years, they sell it at 100k-120k miles (as upkeep increases), or they drive it into the dirt These sweet spot deals are certainly out there, but they are not low hanging fruit
Comment from : bluesader8

Ordon't drive at all and ride a bike You can get rid of your gym membership too
Comment from : Lupus Anthro

You'd be surprised how cheap a used tesla can be
Comment from : dyhppyx

My property is worth $800,000 My car is worth $3500
Comment from : Louis DeBeer

Women makes a man poor
Comment from : 上海王子Andy

I have never driven Saved and invested a fortune and retired in my 40s It was worth taking public transport!
Comment from : CB

Cars are fantastic, but have become a newest corporate scam
Comment from : Welco

Sorry but this did not help at all except for buying at the sweet spot I agree with that one Has anyone thought of buying a demo car? Those ones are discounted big time just for being demo cars Considered as used yet they have almost no milage on it, really
Comment from : Világjáró

Who pays $100 for an oil change? 60 bucks max I do all my own work except for fluids I don't think its worth it to deal with disposals
Comment from : Dannosuke25

66$ a month on alcohol!?!?! Wtf haha I guess I have a problem Lol
Comment from : Brock Boyd

Electricity isn't free either And once everyone has electric everything do you think they won't jack up the price of electricity? Sure they will
Comment from : dpeagles

Whoever build the system buying a car that knew the system very well of killing people
Comment from : Marvin the Lord From Earth

Or you can get a car the way I did I got a 2017 car in late 2018, early 2019 with 18,000 miles I paid roughly $6000 for it -- half the blue book value That was to buy out the other heir, my brother Of course inheritance is not usually how people get cars, but I knew the car, and I knew the car's history
Comment from : Barbara Brown

Stick to used cars that are 4000-8000 and pay it off fast as possible
Comment from : Gambit_Toys

吴彦祖？！！
Comment from : Hang

I prefer buying new and paying cash in order to have control over the lifecycle of the vehicle from time of manufacture to help avoid expensive maintenance surprises
Comment from : J Michael

Just buy old used toyota Prius trust me these things last forever and rarely break down and also have low consumption in europe LPG gas conversion is good option to save even on more money cuz LPG is cheaper than petrol
Comment from : Patrik Gavalec

I'm fortunate that I don't need to own a carbrI live within walking distance or a few bus or train stops away from where I need to go on a daily basisbrOccasionally I get a ride from a friend or relative or I take an Uber(rare)brIf I had to own a car I would be in financial trouble
Comment from : patrice quinn

I bought a used mercedez benz 5 years ago Only had 20k miles on it I got like 20k off the price because I bought it used I just paid it off and I take really good care of it so it still looks new I plan on driving it until it no longer works I will not buy another car until this one gives out And I make 150k salary Buy used, put a lot down and pay more on monthly to avoid interest Great video!
Comment from : Laura Zacharias

Pro tip: if you live in an area with decent public transit, commuting by bus (or whatever public transit you got) can add up over time to be significantly cheaper than commuting by car
Comment from : Maximilien Robespierre

Doing a remodel project on a waterfront property for a multi-millionaire years ago, I asked why someone who owned a highrise condos in Seattle and San Francisco was driving a Subaru She said never flaunt your wealth and keep a low profile
Comment from : Steven Abbott

Logic is so off Waste of my time this video brLike one video is enough to change the oil your entire life And insurance companies do not negotiate I'm an underwriter, we do not change our minds
Comment from : isaac Mendoza

nothing says im an idiot like Puerto Ricans from the Bronx who start every other sentence with"Im from the Bronx" 🇵🇷
Comment from : 88 Torres

I walk and i have money and a house 🏠
Comment from : Lupa 95

yes, all you need is an old Toyota
Comment from : 打倒摄图日记

If you want style but a cheap car that you can afford, I'll always recommend a used Toyota, Honda, and Kia The brands aren't respected as much but they make good looking A-B cars and if you pick the right one they'll be reliable if you take care of it
Comment from : MXALOVE

I keep telling people this I drive the cheapest thing on 4 legs
Comment from : callalilly1988

Well one thing when i was helping mom get a car Buying a used car would probably be if you buy it out of pocket Looking at the interest rate for the used vehicles vs new ones with no interest rate would cause to pay pretty much the same $ as the new onebrPS: average miles driven per year is 8000-12000 Driving 15000 per year is a lot tbh
Comment from : Oscar Terrazas

Creating wealth and financial freedom isn't as tough as many people believebrBuilding wealth and remaining financially stable indefinitely is a lot easier with the appropriate information Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely
Comment from : Ashley Corrie

Never bought a new car in my life My husband and I have 3 cars for the family, all used cars, bought 4-5years old We ask our mechanic to check them before buying Usually these cars give us a good 10years of service, minimum Also don’t buy those big guzzlers
Comment from : Me2 Cb

In europe we change the oil in oir cars once each 20000 miles Why do you change the oil this often?
Comment from : Florianh5

I love cars They just don’t love me back Eye opening to see how much these costs add up Wow - 😂
Comment from : Level Up Millionaire

I did work in retention for Comcast hahaha it's ok, milk those mofos
Comment from : René Morales

I used to work Comcast retention We already knew what you wanted Here’s a tip… you get more with honey You do not have to curse the retention rep out just to get a deal😫
Comment from : BabyE

Largest expense is tax
Comment from : Jensen Antony

One thing to take into account car wise though would be trade workers, buying a new truck set up to do your job could be a 100k ordeal If i could haul 3000lbs of tools and a 16 foot ladder in a prius i would But unfortunately to do my job and service peoples homes i need a big oll gas gussler with the power to deliver my tools
Comment from : Dakota McIntyre

Not having a car is the worst for me Most of the good jobs were way too far for me, i would spend 2hrs back and forth on the bus Do you value your time or your money? I value my time more
Comment from : WhossssTaco

I have ALWAYS purchased a 2-3yo low mileage Toyota or Honda Never regretted it Last one, 2013 Prius (16,000 miles) bought in 2016-now in late 2023, I've only replaced brakes (outside of oil changes) plus I have saved a TON in gas, getting 40-50 miles per gallon In 80,000 miles I've put on, I've saved over $6,000 compared to my ICE Camry that I had before (The Prius at THIS point only cost me $10,000-due to fuel savings) I also have never financed a car
Comment from : Steven J

My lowered 1999 Chevy Silverado has over 200,000 miles and runs well I've garaged it, repaired it and maintained it since I've bought it off the dealership lot new Best part is I receive tons of compliments on it and ask if it's for sale Truthfully i could care less of others opinions on what I drive or my social status Every day above the ground being a father to my son is a blessing from God above He's whom i hope to get approval from
Comment from : Jason Wareing

Imagine spending all this time learning how to save money, instead of how to make money lol
Comment from : niki123489

Changing your oil yourself is all well and good if you have any idea who takes dirty oil
Comment from : Mueslix

I'm 46 and I bought 2 years ago a 2009 civic with 48000 miles 5500$ cash At my age I realized the Lost of money I made Since 2019 I changed my way of seeing life brbrNow my milage is 70000 miles and I maintain my civic religiously Average maintenance is 350$ per year
Comment from : naitch 17

As a car lover i still feel like it is unfair to say that it is a horrible investment I get what people mean But for some guys a car can mean alot of fun So i simply do not see it as an investment in the first place Just compare it to an expensive vacation in a fancy hotel The money will be gone 100 That is much worse
Comment from : Dings Bumsti

Always gonna have a house payment always gonna have a car payment brThat is IF you actual "qualify" for these! brMost DON'T; and THESE are the two biggest ASSETS we have (though tons don't), COSTING an arm and a leg, and DEPRECIATING madly! It's EITHER school, car, or home, and CAN'T do without either! And all three are outrageously out of control EXPENSIVE!!
Comment from : K-dogg

As a car guy, I strongly advise you NOT miss an oil change
Comment from : Donyce19

I am 70 years old, in my life I have owned 5 cars, 2 sedans and 3 pickups, 3 have been new I have never financed a vehicle and I have never paid collision insurance The big ticket item you neglected to mention is collision insurance If you own the car outright you don;t need to purchase collision insurance In 54 years of driving I have never needed to have a car in a body shop, so do you really need collision insurance?
Comment from : Mark Len

you got it wrong gas prices are high among other reasons because of decisions made by this administration
Comment from : Hector T

All these comments make watching the video worth more than only watching the video Thank you, guys!
Comment from : Min Shwe Yi

This video doesn’t take into consideration of unquantifiable aspects of ownership such as passion or joy
Comment from : Allen

Who's doing 3000 mile oil changes lol Maybe for older cars that use conventional oil but not for modern cars using synthetic oil
Comment from : prasidha thapa

Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market I recently began investing in stocks and it was the best choice I've ever made If you genuinely want to be financially secure, disregard everything the media is suggesting The market offers a lot of chances Maximize your use of it
Comment from : Ariaz Malik

Yoooo I'm kinda in love with u lmao wish I found you sooner Great tipss
Comment from : Don

Great video thank you
Comment from : Ricky

In South East Asia we save face first, save money later
Comment from : Shokamoka

my car payment is 435 not sure if thats too much
Comment from : Grant

the main reason why I got rid of my car when I moved to a walkable city
Comment from : AbiTheEngineer

Where do you get your oil changed that you will save 120bucks
Comment from : CadesAz

If you know how to fix a car, you can buy a use car Used car constantly needs some repairs when you add up it cost the same as a new car $500 here $1,000 there like changing a timing belt, need new tires, new muffler and so on
Comment from : Bonqy /flowers 🌺 888

The part with the oil change is completely wrong Basically you need to change your oil once a year on modern cars You can actually earn more money for the time you are going to waste in learning and changing your oil on your own
Comment from : Double D

Brand new $6,000 motorcycle > used $40,000 car
Comment from : Griffin

All about mentality I treat my car as my toy Any experience is interesting to me But if you only want to tool, definitely get a solid boring car
Comment from : Dirk Curritzki

I agree with you! Keep one and drive it into the ground No leases or BS Pay cash and drive it into the ground!
Comment from : Ron Bonora

I think you are a bit low on housing, UNLESS you are talking about someone that has no mortgage or lives in a studio apartment
Comment from : louisZ

Everybody in their twenties wants a BMW? Why would I want to drive one of those douchey cars?
Comment from : lacedbassAK

I make $140K and I still drive my 2007 FJ Cruiser with 224,000 miles, no issues, weird sounds, or even blemishes So happy I don't have a payment while driving an absolute tank of a vehicle
Comment from : Victor Saenz

One cost saving measure I take advantage of is I share an insurance plan with my parents Since I still live in the same house as them, we're able to have a family plan to get all our vehicles on it, and when we pay a yearly cost instead of monthly, it costs less I spend about $700 per year on my car insurance as a result, so about $58 per month on average And because I work from home, I only drive when I go to the store, or a doctor's appointment, etc Most weeks I don't even drive at all This has resulted in only needing to refill the tank once every couple of months or more In fact I just recently refilled the tank for the first time in over two months And as long as you take about 5 minutes per week to let the car run, it won't ruin your tank I've only spent about $140 on gas this year as a resultbrbrI'm also planning to buy a bike sometime soon to give myself the option to drive less, which'll be really nice Honestly, I'd love to just go car free, but I live in Texas Texas is one of the most blatantly car dependent states in the US, so sadly you really don't have a choice here You'll be lucky to even find the occasional sidewalk here And if you do find a sidewalk, drivers complain about how they take up room on the road that could allow more cars, and people who use sidewalks are often ridiculed by some drivers that pass by for being too poor to have a car Pisses me off
Comment from : The Crazy Files Channel