886: How to Buy a Car, Part 3: Decide How Much to Spend
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 7 September 2022
⏱️ 40 minutes
🧾️ Download transcript
Summary
Before you go actually shopping for a car, decide how much to spend. Here are my rules!
Joshua
Transcript
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| 0:00.0 | Are you ready for a Monzo Business Bank account? Mike from Bluewater Plumbing was. |
| 0:05.0 | I need to get paid quickly, especially when I have five or six plumbing jobs in a day. |
| 0:08.0 | When I first used the payment link feature in my Monzo Business account, |
| 0:11.0 | I was impressed to how quick and easy it was. At the end of each job, |
| 0:14.0 | I'll just create a payment link, send it to the customer, and get paid then and there. |
| 0:17.0 | I can also check all of my payments in my get paid tab. |
| 0:20.0 | If you're ready for a Monzo Business account, apply today. |
| 0:23.0 | Just search Monzo Business, season sees apply. |
| 0:26.0 | Only sole traders or limited company directors in the UK can apply. |
| 0:30.0 | Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, skills, |
| 0:34.0 | insight, and encouragement you need to live a rich and meaningful life now, |
| 0:38.0 | while building a plan for financial freedom in 10 years or less. |
| 0:40.0 | My name is Joshua Sheets. Today we continue our How to Buy a Car series. |
| 0:44.0 | This is episode three in that series. |
| 0:46.0 | Episode one, we talked about deciding whether you should buy a car or not. |
| 0:50.0 | And I encourage you that if possible, most people should avoid owning a car. |
| 0:56.0 | From a financial perspective. |
| 0:58.0 | But many of us from a lifestyle perspective will choose to buy a car. |
| 1:02.0 | But you should decide and think carefully about the things you would give up by even buying a car in the first place, |
| 1:07.0 | while also considering the reasons why a car could be a really important part of your life assets. |
| 1:14.0 | In episode two, we talked about deciding what kind of car you should buy. |
| 1:18.0 | We talked about analyzing your needs, your wants, the size of the car, |
... |
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