Can I Afford an $80,000 Tesla?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 8 January 2025

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Brought to you by CHM, a biblically based alternative to health insurance.
0:06.3	Learn more at CH Ministries.org slash budget.
0:09.0	I just wanted y'all's take on making sure I'm not crazy and considering an $80,000 new car, a Tesla Model S.
0:18.7	Cool. Nice car.
0:20.9	Yes, sir. All right. So what do you make? Well, I Tesla Model S. Cool. Nice car. Yes, sir.
0:21.5	All right, so what do you make?
0:23.6	Well, I make $360,000 a year.
0:27.2	Cool.
0:27.4	What's your net worth?
0:29.1	I've got, uh, without the house included.
0:34.0	No, house is part of your net worth.
0:35.5	What's your net worth?
0:36.9	Okay.
0:37.5	Uh, about $1.2 million.
0:39.7	All right.
0:40.3	You got the cash to pay cash for it?
0:42.8	I do.
0:43.7	Okay.
0:44.3	Buy it.
0:46.0	Okay.
0:47.8	Let me tell you what I, let me tell you the rule of thumb I use on this, okay?
0:51.9	Yes, sir.
	...

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