It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

investing, taxing. You've got financial questions, he's got financial answers. It's Brian Preston,

the money guy. So let's answer some questions. This first question is from

loan wolf, Brian. And loan wolf said, here's the question. $80,000 car in cash or pay down mortgage.

That's the question. Here's the context. Only debt is my mortgage less than 200,000.

Household income, 300,000. I've got $1 million in home equity. I have 1 million in 401k.

I've got a few other assets. I'm in my early 50s. So he's trying to say, I don't know what

question he's like, hey, is it okay if I buy an $80,000 car or I'm going to buy it? Is it better

to finance the car and put money on the house? Is it better to finance the house, put money on the

car? And in your early 50s, is there a way you can start thinking through when is it okay to make?

Because let's assume $80,000 is expensive car. That sounds like a nice car. Is it okay to even buy

an $80,000 car? Can you walk through some of the thought process that loan will fall to be thinking?

First of all, loan wolf, congratulations. In your 50s, having seven figures and that worth,

that's great. And we do tell you, because we just made it through the show where we were talking

about the five stages of wealth. And you're definitely at the point where you shouldn't be sweating

the small stuff. Now we're trying to, this is a question that says, hey, beyond the small stuff,

the car purchases and paying down mortgage, how do we maximize that decision making too?

I love these type of questions. And you gave us a lot of variables, but there's even more

than we need to know. You know, one of the first things I think about, because you said you're in

your 50s, we all know, I get, you know, what's funny is I get picked on. And maybe that's not,

maybe that's not the perfect word, but I do definitely take some heat for the fact that we actually

have a system for paying down your mortgage, meaning that I get mad at my 20 and 30 year olds and

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