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Let's go to Victor who joins us now in Hartford, Connecticut.

Victor, how can we help?

Hi, thanks for taking my call.

Sure.

My wife and I, we got married about eight years ago, and we're really good at saving,

but not very good at investing I guess

so currently we have about 250,000 in savings and we thought we'd splurge on a new car and we got a

car loan for about 59,000 and the loan is for five years, five years at five percent.

Victor, how long you've been listening to this show?

I've discovered you about, I guess, two years ago, but I don't listen regularly.

All right, Victor, do you know what our position is on taking out loans for anything, much less a car?

Don't do it.

Don't do it.

And my friend, you've got the $2.50 in the bank.

But no, but no, because I'm shook to my core that you have, you're spending $60,000 on a car.

I just need to know your income and

maybe my shook, shooked nature will go away, but tell me how much your income is.

Well, it's grown substantially in recent years, but this year we're on track to make about

175 combined. No, okay.

175 combined.

Yeah.

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