392: How to Sell Your Car if You're Upside Down on It by Kalen Bruce of Money Mini Blog

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Self-improvement, Education, Business, Investing

4.5 • 1.3K Ratings

🗓️ 29 August 2017

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kalen Bruce of Money Mini Blog shares how to sell your car if you're upside down on it. Episode 392: How to Sell Your Car if You're Upside Down on It by Kalen Bruce of Money Mini Blog (Debt & Car Insurance). Kalen Bruce is the founder of MoneyMiniBlog. His story is simple… he and his wife were $24,000 in debt and became a student of finances to get out. They are now debt-free and building wealth. Kalen shares everything he has learned on his blog, writing informative, entertaining, mini blogs to help you with your finances. Finances can be intimidating, so he keeps his posts short, sweet, and simple. The original post is located here: http://moneyminiblog.com/how-to/sell-your-car-upside-down 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 392.
0:03.6	How to sell your car if you're upside down on it?
0:06.7	By Kalin Bruce of Money Mini blog.com.
0:09.5	And I am Dan, your host on here each weekday,
0:11.8	reading to you from some of the best personal finance
0:13.8	blogs on the planet.
0:15.6	Now today's article is a question that we have heard from you.
0:18.7	What do you do if you have a loan on your car and you want to get out of it?
0:22.1	There are a lot of good tips in this post so let's get right to it as we optimize your life.
0:27.0	How to sell your car if you're upside down on it by Kalin Bruce of Money mini blog.com
0:37.0	So you've decided that a life of debt isn't for you.
0:41.0	Congratulations, good choice. Welcome to to the club you know the first step to seeing big
0:45.5	results is to sell your expensive vehicle but there's one problem you're upside
0:49.7	down way upside down and it looks like you may not get flipped back over.
0:54.0	Well, don't panic, you have some options and you can still make this work.
0:58.0	Here's how.
0:59.0	What not to do.
1:01.0	When we're talking about what to do, it's important to first understand what not to do. When we're talking about what to do, it's important to first understand what not to do.
1:05.0	The reason you're selling the car, or truck or van or Winnebago, is to get out of debt.
1:09.0	The last thing you want is to get into more debt because of it.
1:13.0	I'm talking about financing another car and adding your current balance.
1:17.0	Don't do that.
	...

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