Drive Free. Retire Rich.

[Wal-Mart Security]

I don't know if anyone here has seen this before but this is a really neat concept on buying cars that could really help you out.

http://www.daveramsey.com/etc/lms/drive_free/player.cfm

 

[Cryptex]

$5.4 Million in 40 years. My god... This is brilliant!

 

[Mustachio]

That was quite an interesting watch... but its a lot of work, you know, not spending money and ummm saving it, and buying a car every 10 months

 

[R.E.D]

At the current inflation rate 5.2 million dollars will be aprox. $12,000 to retire on. awesome!

hehe

BTW, I am virtually debt free, I own my stuff, the car is mine (I only need one) and I save money everyday.


My secret is this:

LIVE BELOW YOUR INCOME LEVEL, SAVE MONEY EVERYTIME YOU CAN. PERIOD.

 

[Rellik]

i try to do this too red, but living in a commercialist country, raised to buy into commercialism, makes this hard.
but although the "base" of this video is (or atleast SHOULD be) common since, it is really eye opening for someone who wouldn't otherwise think about it. this is basically what i'm trying to do now (just not quite as big)

 

[R.E.D]

Suze Orman said:

"...it is ridiculous to spend money buying things you can't afford, to impress people you don't know..."

Ever since I was young I notice the culture of "Enjoy now, Pay later", I loved the idea of working at a McDonalds and having a shiny new car waiting for me outside, of course I did not know what this meant but sounded cool.

A few years later some wealthy friends of mine started having money problems and found themselves basically living in very harsh conditions and I thought: "Wow that is unbelievable"

Soon I found that two families filed for bankruptcy, another one made very bad investment and the last one simply lost their income so they could not keep up with the payments...

Their problem? "Enjoy now, Pay later" philosophy.

I love to learn from people's mistakes, I love it because I get to learn the lesson without living the consequences.

 

[R.E.D]

btw, I bought my car brand new (0 miles) 2 years ago, paid it in less than a year just to improve my credit (it worked very well), still runs fine and have no plans of getting a new one until it starts giving me problems.