by Money Guy | Aug 7, 2023 | Ask the Money Guy, Blogs, Financial Planning
Once you have reached step seven of the financial order of operations, saving 25% of your gross income, and are in the hyper-accumulation phase, you have the freedom to spend your hobby money on a car payment if you wish, as long as you have checked all the other...
by Money Guy | Jun 28, 2023 | FAQ, Debt, Debt FAQs
Paying cash for a car is great, but if that’s not possible, follow The Money Guy’s 20/3/8 rule for car purchase. The value of a car depreciates rapidly as soon as it’s driven off the lot. With that in mind, paying cash for a car is great choice, but...
by Daniel May | May 4, 2023 | Debt, Blogs
Home > Managing Debt > Car Purchases The value of a car drops like a rock as soon as you drive it off the lot – that’s why it’s important to make sure you buy a car the RIGHT way. If it isn’t possible to pay in cash, follow our 20/3/8 guidelines to keep...
