How to Buy a Car the RIGHT Way! (20/3/8 Rule)

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 20 October 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Cars have gone up significantly in price over the last few years. How can you buy a car without breaking the bank, and what type of car should you be looking at? Get the answers to all of your car questions in our ultimate car-buying show! Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's the money guy way?
0:01.2	How to buy a car the right way.
0:09.8	I love it, Brian.
0:11.1	I'm so excited about this because people ask us all the time,
0:14.5	hey, guys, I hear you say that automobiles cars
0:17.8	are financial napalm for your financial situation.
0:21.0	So I want to do it right.
0:22.8	I want to make sure I'm doing it the right way.
0:25.2	We're going to walk through it today
0:27.1	and even do a bit of a deep dive
0:29.1	on how you should approach that process.
0:30.2	Yeah, and I think, by the way,
0:31.3	we're going to answer the question
0:32.5	everybody has been poking me with is Tesla?
0:36.3	A luxury car.
0:37.3	So stick around and you'll get all the answers.
0:39.7	But here's the big thing.
0:41.2	I know for a lot of us,
0:42.4	when we're building our financial foundation,
0:44.7	we first have to make sure we can get to the J.O.B.
0:48.1	Because that's what's going to generate the income
0:50.6	that allows us to have the margin, the discipline,
	...

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