How You Can Have a Free Car for Life (It's True!)

The Personal Finance Podcast

Andrew Giancola

Business, Entrepreneurship, Investing

4.7 • 1.4K Ratings

🗓️ 2 December 2020

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 30: How You Can Have a Free Car for Life (It's True!) In this episode we cover: How to use assets to buy a car The danger of car buying How to buy a car right Why cars can limit your freedom if you don’t buy them right The system of buying a car for free Free Car for Life Article! Stuff I Recommend! M1 Finance Best Place to Invest Personal Capital Free Wealth Management and Budget App CIT BANK (Best Savings Account) ** Some links may be affiliate link and we earn a small commission at no extra cost to you. We only recommend products we truly believe in. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	On this episode of the Personal Finance Podcast, we're going to talk about how you can have a free car for life. What's up everybody?
0:13.0	Hey!
0:14.0	Yeah, I think
0:15.0	big.
0:16.0	Oh,
0:15.0	I big.
0:17.0	I think
0:15.0	got big
0:18.0	got got it
0:20.0	what's up everybody?
0:23.0	Welcome to the Personal Finance Podcast.
0:27.0	I'm your host Andrew, founder of Dollar after Dollar.
0:31.0	And today on the podcast, we're going to be talking about how you can have a free car for life.
0:37.0	Because if you know anything about personal finance, you know that buying a car is one of the worst investments that you can make because a car is a depreciating asset.
0:46.8	So what that means is it goes down in value over time.
0:50.3	We're things that are assets.
0:51.4	When you buy an asset, it's going to increase in value over time.
0:54.8	So you can think of an asset as something like a stock, a bond, a rental property, things like that.
0:59.5	Those increase in value over time.
1:02.4	But when you purchase a car, specifically a brand new car, you're
1:06.0	purchasing a depreciating asset. What that means is it goes down over time. And so car buying
1:10.8	becomes extremely important within your personal finances.
	...

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