4.6 • 682 Ratings
🗓️ 15 April 2025
⏱️ 10 minutes
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0:00.0 | Brought to you by the Every Dollar app. |
0:04.2 | Start budgeting for free today. |
0:06.8 | So I'm currently 18 and by the time I graduate I'm probably looking at a hundred to |
0:13.0 | $120,000 loan that I'm sitting at and my current car is under my mom's name with her interest rates on it. |
0:22.5 | And her credit got ruined by my dad leaving. |
0:25.4 | And I'm looking to switch the car with way less percentage of interest. |
0:31.7 | But I have to max out my credit cards for the down payment to put on it. And I don't know what to do if it's even worth it |
0:39.9 | or not what's your car what do you owe on the car I'm sitting so I bought the car |
0:46.5 | I'm looking at $41,000 I know and you're a college student um first year yes with a 40,000 dollar freaking car what are you doing |
0:57.6 | with a 40,000 car you're a college student I had a 70,000 dollar car and another 60,000 I sold it |
1:05.6 | I made profit but my mom's credit got ruined and they gave me a 12% interest on it and I didn't realize until yesterday |
1:13.8 | when I checked and I only had it for five months. |
1:17.0 | I don't think this is your mom's fault. |
1:18.8 | You bought a $30,000 car and you're in a $40,000 car and you're in college. |
1:24.1 | You get a $4,000 car. |
1:26.6 | Do you make any money? |
1:27.4 | What's your income? So I'm sitting at $1,000 to $4,000 car. Do you make any money? What's your income? |
1:29.2 | So I'm sitting at $1,000 to $1,500 from my work at retail. |
1:35.1 | And I had side businesses before, and I had like about $70,000. |
1:40.6 | I blew it all. |
1:42.1 | And now I make maybe $500 to $1,000 for my side businesses a month. |
1:47.4 | Okay, do you have any money saved? |
... |
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