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The Personal Finance Podcast

The Insane Lifetime Cost of Car Ownership! (These Numbers Blew Us Away)

The Personal Finance Podcast

Andrew Giancola

Business, Entrepreneurship, Investing

4.71.4K Ratings

🗓️ 7 December 2022

⏱️ 28 minutes

🧾️ Download transcript

Summary

In this episode of The Personal Finance Podcast, we’re going to talk about the insane lifetime cost of car ownership, let me tell you these numbers blew us away.   Join Our Newsletter here!   Checklist of relevant episodes:  Why Leasing a Car Is Like Lighting Money On Fire How Much Should You Spend on a Car? (My Answer May Surprise You!) How You Can Have a Free Car for Life (It's True!) How to Become an IRA Millionaire in 2023 (With the New IRS Rules!) How Much Should You Have Saved and Invested (By Age!) How to Find the Perfect Side-Hustle (Plus The 4 Types of Passive Income!) with Nick Loper     Personal Finance Youtube Channel https://www.youtube.com/@thepersonalfinancepodcast    ============ Sponsors:     Thanks to Ka’Chava For Sponsoring the show! Go to kachava.com/pfp and get 10% off on your first order.  Thanks to Mint Mobile for supporting the show! Cut your phone bill to $15 a month by going to https://mintmobile.com/pfp Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote. This episode is sponsored by/brought to you by BetterHelp. Give online therapy a try at betterhelp.com/pfp and get on your way to being your best self. Get 10% off your first month!   ============   Want to Support the Show? Follow on Spotify or Follow and Leave a 5-Star Review on Apple Podcasts!   ============   Check out all the Stuff I Recommend!  Check out all my favorite Credit Cards https://milevalue.com/top-offers-mastermoney/    USEFUL RESOURCES: The Year-End Money Checklist https://mastermoney.co/year-end-money-checklist/  The 75 Day Money Challenge https://mastermoney.co/75-day-challenge/  Finally, Get That Raise https://mastermoney.co/resources/   ============     DISCLAIMER: I am not a financial adviser. This Podcast is for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am sharing my opinion.    AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.   ============     Check us out on social fam!    Twitter   Tiktok   www.thepersonalfinancepodcast.com   www.mastermoney.co Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

I've got good news and I've got bad news. First the bad news.

0:03.6

Mint is shutting down and transferring users to credit karma, a service with far fewer benefits.

0:09.2

The good news, there's a better alternative and many meant users are turning to monarch money and loving it.

0:15.6

I love using monarch for my own personal finance dashboard.

0:19.1

It gives you a comprehensive view of all of your accounts, investments, transactions, cash flow, net worth, and so much more.

0:28.0

Plus, you can create custom budgets, track your

0:34.4

partner, partner. And after trying Monarch for myself,

0:37.0

I understand why it's a top-rated personal finance app.

0:40.3

And right now, listeners of this show will get an extended 30 day free trial when you go to

0:45.4

monarch money.com slash p f p p that's m o n a r c h m o n a r c h m o n EY dot com slash P F P for your extended 30 day free trial.

0:58.0

Go to Monarch Money.com slash P F.

1:02.0

If you have a family like I do and they depend on your income, then you need life insurance.

1:08.7

And policy genius was built to modernize the life insurance industry.

1:12.4

Their technology makes it easy to compare life insurance

1:14.8

quotes from America's top insurers. With policy genius you can find life insurance policies that start at just

1:20.8

$25 per month for $1 million of coverage. Some options offer coverage in

1:26.5

as little as a week and avoid unnecessary medical exams. Policy Genius has licensed agents

1:31.7

who can help you find the best fit for your needs and they work for you, not the insurance companies.

1:37.0

They are not incentivized to recommend one insurer over another so you can trust their guidance.

1:42.0

And there are no added fees and your personal details are private.

1:45.6

And no wonder they have thousands of five star reviews on Google and Trust Pilots.

1:50.4

Listen, your loved ones deserve a financial safety net.

...

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