Drive Free, Retire Rich – Automobiles – daveramsey.com.
The decision to control your finances is critical to anyone making it in today’s economic messed-up world. I’m not sure when this flash presentation was made and some of the details (car payment example, % of return in mutual fund, etc) may be points to debate. However, the core concept holds true.
I first read of this idea way back when we got married in 1989 from financial guru Larry Burkett. The concept remains valid today–pay yourself rather than a bank. It just takes discipline, resolve and some patience. And, a bit of extra cash if you are like a lot of people–so cash-strapped that you can’t conceive of any car payments right now, to a bank or to yourself.
But, if you do make a car payment, or know that buying a new car is coming no matter what in a few years, then whether you think you have the cash or not, you’ll sign on for car payments. In that case, why not start now? Take a look and begin today to control your own financial decisions.