1218: Worth vs. Worth It: Stretching Out The Family Van by Chris Pascale with Grumpus Maximus on Auto Finance Decisions

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Business, Education, Investing, Self-improvement

4.5 • 1.3K Ratings

🗓️ 10 July 2020

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chris Pascale with Grumpus Maximus shares his thoughts on worth vs. worth it. Episode 1218: Worth vs. Worth It: Stretching Out The Family Van by Chris Pascale with Grumpus Maximus on Auto Finance Decisions Grumpus Maximus is a 40 something US military officer with 19 years of active duty service under my belt. He's spent over four years of that career either deployed or stationed in the Middle East, and another three years stationed in Europe. As he travels to his family's mostly unintentional path to FI, he wants to share his knowledge. Anyone who is eligible for a defined benefit pension could easily implement their own goal to achieve FI. Grumpus Maximus' path is not only replicable, but easily built and improved upon. The original post is located here: https://grumpusmaximus.com/worth-it-stretching-out-family-van/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, episode 1218.
0:04.0	Worth versus Worth It, stretching out the family van.
0:07.5	By Chris Pascal with GrumpusMaxymus.com.
0:11.5	And I'm Dan, I'm here every single day reading to you from some of the best personal finance
0:16.0	blogs on the planet.
0:17.0	Thanks so much for listening in today.
0:19.0	Hope your week has been great and that you're having a happy Friday. And I've got a post today from guest writer Chris Pascal on Grumpus Maximus's site
0:28.0	And hey if you didn't know we give away books on Instagram pretty frequently so if you're not following us there, you can find us at old
0:34.7	podcast. But for now, let's get to today's post as we optimize your life. Worth versus Worth It, Stretching Out the Family Van, by Chris Pascal with crumpus Maximus.com
0:50.0	So what's the scenario?
0:53.0	My Honda Odyssey has a worth well above what I would pay for it,
0:57.0	meaning it's not worth it for me to replace.
1:00.0	We've had two vans, a 2,000 Dodge caravan and a 2010 Honda Odyssey.
1:05.0	With 171,000 miles the Odyssey is due to be replaced.
1:09.0	Oil is slowly leaking into the engine and one of the automatic doors malfunctioned, it's wearing out.
1:14.7	But on the other hand, this old van is supposedly worth about $10,000, which means replacing
1:20.1	it with something better would cost more.
1:22.4	It leaves me with the following dilemma.
1:24.4	By a $15,000 van I don't want and soon won't need
1:28.3	that may have problems like I have now,
1:30.3	or buy a perfectly good car for much less but is just too small at the moment.
1:35.0	Using the worth versus worth it theme Grumpus has taught us,
	...

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