Should I Use My $25k Savings to Pay Off $14k Car Loan? ๐ค
The Table with Anthony ONeal
The Neatness Network
4.9 โข 2K Ratings
๐๏ธ 2 April 2024
โฑ๏ธ 14 minutes
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Summary
On today's Build Your Table Live, Anthony shares five crucial assets you must acquire to attain financial freedom and build generational wealth. AO provides expert insights and actionable tips to help you navigate the complexities of wealth acquisition. With a focus on long-term financial stability and legacy planning, today's Live is a must-watch for anyone seeking to secure their financial future and leave a lasting impact for generations to come!
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๐ Essentialism: The Disciplined Pursuit of Less: https://amzn.to/37iUUf1
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Transcript
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| 0:00.0 | How do you uh Ezekiel? I'm 25. |
| 0:03.6 | 25 calling in I love this brother. All right sounds good man what's your question for me bro? |
| 0:09.7 | Uh, so I'm getting into the whole stock market and all that I've been I've been watching you since day Ramsey days |
| 0:18.3 | Yeah, and now like a my neighbor brought it up to me and I was a type of person where I would hear it |
| 0:26.4 | I actually got married a month ago |
| 0:28.4 | Congrat my wife thank you my wife told me you will always hear these things, but I want you to start putting into action. |
| 0:36.0 | So I started doing that. I did my research. |
| 0:40.0 | So my question is, like she has has she's getting her master she's graduating like in the next month |
| 0:47.2 | with her masters of social work she is working in the field I'm an emergency response leak responder over here in New York. |
| 0:56.4 | We make like 120K. Where do we have like a little bit over 25 k saved up? I owe 14,000 on a Honda Civic that I have. |
| 1:09.7 | I got it before COVID so the interest rate is very low. |
| 1:12.4 | Okay. How much you own it again? I got it before COVID so the interest rate is very low. |
| 1:13.0 | Okay. |
| 1:14.0 | How much you own it again? |
| 1:15.0 | Ezekiel? |
| 1:16.0 | 14K. |
| 1:17.0 | Okay, so be old 14K on a car, okay? |
| 1:21.0 | And the masters that she's getting will be like a combined like in total be like 41,000. |
| 1:26.7 | 41,000 dollars of total debt. |
| 1:28.7 | Her masters and then my will be 14 so we're looking like 60,000 around there. |
| 1:36.4 | Okay so total she's gonna have 41k in student loans. |
| 1:40.4 | Yeah. Yep so we're looking at about $55,000 and |
... |
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