The 4-Wheeled Anchor: What is the oldest car you are willing to drive?
I see it all the time. Someone makes $50,000 a year, but they drive a $60,000 truck.
Cars are the silent wealth killers. We see them as status symbols. We want our neighbors to think we are doing well. So we sign up for a huge monthly payment that lasts for 7 or 8 years.
But a car is just a tool. It gets you from Point A to Point B.
I have a friend who is a well to do. He drives a 2010 Honda. He doesn’t care what people think. He cares about his bank account.
How much does your ego cost?
The Beater: What is the ugliest or oldest car you ever drove to save money?
The Rule: Do you buy new or used?
The Payment: What is the most you would ever pay monthly for a car?
Show us your ride.
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