What's the most you'll ever pay for a car note

[Professor Emeritus]

lastly, i don't think your analogy to casino success is a good one. there is no luck or skill involved in becoming financially literate and making sound decisions with credit. it saves me a few thousand dollars per year and anyone can do it with a little bit of discipline.

Of course there is luck and skill involved in claiming you can beat the banks at their own game. They have set every rule up to profit very, very, very nicely off of you. If any substantial number of people were beating them, they would change the rules.

And you don't seem to have taken the time consideration into effect either. How many hours total have you plugged in to becoming "financially literate" in the sense you describe? How many books you read, videos you watched, seminars you attended? How much shopping around you done for rates, time spent managing accounts? Because it wouldn't take very many hours before a $1000/year return on that work didn't look so hot anymore. And with the # of books sold and seminars run and blogs written and videos posted and options available on the subject, it is clear that a lot of people are spending a LOT of time of it. Do you know what % of American working hours are now devoted to financial services? It's insane.

All hours that could have been spent working to actually make something that matters, or better yet serving your community.

I'll tell you how many hours one needs to spend to know not to go into debt. Zero. Don't got to read a book or take a seminar or shop around for the best rates or anything. Gives you your day, your mind, and your account free and clear to do what you want with it.

 

[street heat]

paid 421 (not including insurance ) on a 5 year. hopefully will never pay that much again, but i would for something i really wanted

but lately, any car ive been feeling, ive been thinking that ill probably only like for a couple of months and then the feeling will wear off, then ill just be stuck with a big ass car note for however many years. ill get another car eventually but i may end up just cheaping out on an older used car around 12-15k and have a cheap ass note.

 

[ecnirp1]

Of course there is luck and skill involved in claiming you can beat the banks at their own game. They have set every rule up to profit very, very, very nicely off of you. If any substantial number of people were beating them, they would change the rules.

And you don't seem to have taken the time consideration into effect either. How many hours total have you plugged in to becoming "financially literate" in the sense you describe? How many books you read, videos you watched, seminars you attended? How much shopping around you done for rates, time spent managing accounts? Because it wouldn't take very many hours before a $1000/year return on that work didn't look so hot anymore. And with the # of books sold and seminars run and blogs written and videos posted and options available on the subject, it is clear that a lot of people are spending a LOT of time of it. Do you know what % of American working hours are now devoted to financial services? It's insane.

All hours that could have been spent working to actually make something that matters, or better yet serving your community.

I'll tell you how many hours one needs to spend to know not to go into debt. Zero. Don't got to read a book or take a seminar or shop around for the best rates or anything. Gives you your day, your mind, and your account free and clear to do what you want with it.

i haven't attended any seminars, but i did go to school for economics and work for GM Financial at a point in my career. that being said, i think the learning methods you mentioned would be a great time investment for anyone wanting to know how to make their dollars work better for them.

but on another note... tell me how long it took you to save enough money to purchase the home that you're in with cash?

 

[Professor Emeritus]

i haven't attended any seminars, but i did go to school for economics and work for GM Financial at a point in my career. that being said, i think the learning methods you mentioned would be a great time investment for anyone wanting to know how to make their dollars work better for them.

but on another note... tell me how long it took you to save enough money to purchase the home that you're in with cash?

That's a great point! The banks currently own MORE of American homes than Americans themselves do. Only 1/3 of homes are owned free-and-clear, and most of those are by old people. Do you realize how idiotic that system is?

The fact that you have to buy into a gigantic, practically life-long mortgage just to be able to live in your own home is part of the idiocy that has been created. It's one of the reasons that the government has to underwrite all those mortgages, which is one of the factors that allows so much real estate speculation, which was the direct cause of the housing bubble and crash and the reason for the idiocy that leads housing prices to vary by ridiculous amounts within short periods of time.

Without all that underwriting and real estate speculation, multiple-home families and such, housing prices would be far lower than they are now. It's entirely a construction of the recent interest-based economy the wealthy developed, where most of our life is spent in debt to the money-holders and most of our earnings end up going to pay loans and the interest on loans.

It was very recently in history that people generally lived with their family until they were ready to build on their own, and most people owned their own shyt. It doesn't have to be this way.



No wonder so many Americans are living lives of quiet desperation, hooked on antidepressants and spending their time with shrinks.

 

[Soundbwoy]

I dont need a daily driver so nothing higher than 200$