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 | Jul 29, 2023 | Ask the Money Guy, Blogs, Financial Planning
In this highlight, someone making $240,000 a year seeks guidance on affording a dream car, uncovering valuable insights about opportunity costs, investment potential, and the significance of establishing a solid financial foundation. Check out our “Know Your...
by Money Guy | Jul 14, 2023 | Ask the Money Guy, Blogs, Financial Planning
In this highlight, Brian and Bo talk about what qualifies as a luxury car, expand on the rules, and treating yourself. Want to know what to do with your next dollar? You need this free download: the Financial Order of Operations. It’s our nine tried-and-true steps...
by Money Guy | Jul 12, 2023 | Ask the Money Guy, Blogs, Financial Planning
In this highlight, Brian and Bo talk about when a low interest rate is worth it for buying a new car or a used one. Check out our Car Buying Checklist to help you with purchasing a new car.
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...
