31st Jul 2020, 03:41
The vast majority of America can’t afford a $400 emergency and has zero savings. Why? Because they do stuff like lease cars. I’m well aware that most cars, particularly luxury ones, are leased. It’s exactly why people never build wealth.
31st Jul 2020, 03:45
You know what’s better than having lease payments or having car payments? Owning a car outright & not paying anything each month. It’s exactly what I do, and I’ll say again that no wealthy person I know has car payments either. Your article discussing how buying a car is dumb proves nothing. It’s dumb because people finance them & buy cars which they can’t afford. It’s a slightly better financial decision than a car lease, but either decision (100% of leases & probably 80-90% of car financing) helps ensure people won’t become wealthy.
31st Jul 2020, 03:39
Thank you for alerting us. I will never go anywhere near you for financial advice and won’t recommend anyone else does either.