Why Kevin O'Leary, Suze Orman, David Bach and Linda P. Jones Say New Cars Are a Bad Investment
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 14 November 2018
⏱️ 11 minutes
🧾️ Download transcript
Summary
Learn why Kevin O'Leary, Suze Orman, David Bach and Linda P. Jones say buying new cars is a big investing mistake.
An article on CNBC.com quotes Kevin O'Leary, Suze Orman, and David Bach about why new cars are bad investments.
The article is here: https://www.cnbc.com/2018/11/07/kevin-oleary-suze-orman-david-bach-dont-buy-a-new-car.html?recirc=taboolainternal
I've been podcasting about this for years. Look at my other podcasts about cars that last 200,000 miles or more, low maintenance cars, and why the opportunity cost of a new car is too high at http://lindapjones.com/podcasts.
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Transcript
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| 0:00.0 | Be wealthy and smart episode 483. |
| 0:03.0 | I'm gonna live no rich life. |
| 0:06.0 | Rich life. |
| 0:08.0 | All the best life. |
| 0:10.0 | If y'all know what I mean, put your hands up and declare with me |
| 0:13.7 | Yeah, I'm full of bed time I'm gonna live a good life |
| 0:20.7 | I'm gonna live the good life |
| 0:21.1 | beautiful and glorious life Step into a world of wealth and wealth and financial freedom without budgets, boredom or bosses on |
| 0:31.3 | be wealthy and Smart. |
| 0:34.0 | And now here's your host, Linda P. Jones. |
| 0:38.0 | Welcome to Be Wealthy and Smart. |
| 0:39.0 | I'm Linda P Jones, America's Wealth Mentor. |
| 0:41.0 | Empowering women and men worldwide to financial freedom. |
| 0:44.8 | On today's show we're going to talk about why buying a new car is one of the worst |
| 0:49.6 | mistakes you can make and I'm in good company on this because |
| 0:54.4 | CNBC.com on their website today had an article that said experts agree |
| 1:00.8 | don't buy a new car. And they quote three experts who you know, Kevin O'Leary, |
| 1:07.7 | Susie Orman and David Bach, and they're all sharing their ideas about why new cars are a very bad investment. |
| 1:15.7 | You've heard me talk about this. |
| 1:18.4 | This is one of the most important things for you to master in terms of your wealth building and |
| 1:25.2 | financial freedom is to not buy a new car because number one you're guaranteeing a |
| 1:32.0 | loss because the car is going to be worth less in the next year or two or three |
... |
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