
The average American spends over $900 a month on car payments for a depreciating asset. Here is how to stop and what to do with that money instead. 👉 Join Andrew’s FREE Investing for Beginner’s Masterclass: https://event.webinarjam.com/q05p7/register/0o8z9io?webinar_id=21 What You'll Learn in This Episode Why paying cash for cars is not about being cheap but about buying your financial freedom back The three specific methods Andrew uses to build up enough cash to never finance a car again The 24/12/10 rule that protects you if you do have to finance and exactly what each number means Why most people who say they will invest the difference never actually do and what happens to that money instead How to build a mini portfolio that lets your assets pay for your vehicles instead of your paycheck When it actually makes sense to keep fixing your current car instead of buying a new one Q&A: Should a 27-year-old with $100K invested pay down student loans or keep investing? Start Here Join the community built to help you master your money, stay accountable, and reach financial freedom. 👉 Try Master Money Academy FREE for 7 days today!https://mastermoney.co/join/ 👉 Join Andrew’s FREE Investing for Beginners Masterclass https://event.webinarjam.com/q05p7/register/0o8z9io?webinar_id=21 👉 Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! https://expert-hustler-605.ck.page/6aa7bb9a79 Partner Deals Indeed → Get a $75 sponsored job credit http://Indeed.com/personalfinance Wayfair → Up to 60% off | MEMORIAL DAY WAREHOUSE CLEAROUT http://wayfair.com Policygenius → Free life insurance quote http://policygenius.com Chime → Get more rewarding fee-free banking at https://www.chime.com/PFP Monarch Money → The all-in-one financial tool + Get 50% Off at http://www.monarch.com/PFP Scribe → Sign up for a 30-day risk-free trial http://www.scribe.how/pfp DeleteMe → 20% off with code PFP https://joindeleteme.com/PFP20/ Resource/s Mentioned Andrew’s Favorite Brokerage Accounts https://secure.money.com/pr/v8d06f8de92c Best IRAs https://secure.money.com/lp/iras/lp/best-iras-master-money?pcuid=oe09b73d1952&jump_from_embed=true&wafid= Index Fund and ETF Cheat Sheet https://mastermoneyresources.com/index-fund-cheatsheet Tool/s Mentioned Car Buying Calculator https://mastermoney.co/how-much-car-can-you-afford/ Compound Interest Calculator https://expert-hustler-605.kit.com/aefaaad27e Book/s Mentioned Rich Dad Poor Dad by Robert Kiyosaki The CashFlow Quadrant by Robert Kiyosaki Watch Next Reset Your Money Mindset, Get Out of Debt, Save for a House & Understand Credit Scores (Money Q&A) https://youtu.be/JGoKB92rddo Are Trump Accounts Worth It? (And What's Actually Better) https://youtu.be/jJKCfTvTm0Q The Retirement Mistake 80% of Investors Make (with Vanguard's Lead Researcher) https://youtu.be/37zVUL0e2TE How Much More Expensive Has Life ACTUALLY Become Since 2020? https://youtu.be/_n8qUA3NsoI Chasing a Higher Savings Rate, Semi-Retiring in Our 40s & Rebuilding After Bankruptcy (Money Q&A) https://youtu.be/OobdeA8qYbA Connect with Andrew Website → https://mastermoney.co Instagram → https://instagram.com/mastermoneyco X → https://x.com/mastermoneyco TikTok → https://tiktok.com/@mastermoneyco LinkedIn → https://www.linkedin.com/in/andrew-giancola-45027b340 YouTube → https://www.youtube.com/@mastermoneyco/ Question for you: Are you currently paying off a car loan? Drop it in the comments and tell us what method you are using. Learn more about your ad choices. Visit megaphone.fm/adchoices
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