🚗 This is How to Get a 'FREE' Car #shorts

I heard this interesting financing strategy on a podcast a few years ago.

💰 Essentially, instead of spending your money to buy a new car with cash, you should invest enough money so that the passive income that you get from it can cover the cost of your car payments.

📈 By doing this, your net worth stays intact and you basically get a car for “Free”!

How are you building your wealth?

#investing #passiveincome #freecartoons

*Please note that the information in this video is for educational and entertainment purposes only and should not be taken as financial or investment advice. Any investments or financial decisions you make based on the information in this video are at your own risk. The links in the description above may include affiliate commissions or referrals, and I may receive compensation from partner websites.

[AdurnaSweep]

What? If you're getting $2, 500/mo through stock market performance or dividends and you're looking at a reasonable 4% withdrawal rate, you'd need to already have $750, 000 invested in the stock market. And then you're gonna be cutting a good chunk of your growth in that account until your financing is done. Great advice man...

[aniketkesarkar]

I love the part where he explains how he is going to generate 2.5k a month in passive income

[apollo]

"I need 2500 a month. Aha, I will simply summon it out of thin air as passive income!"

[Potato]

"Yea yea cool idea, just give me my money"

[matthewsalmon]

How does that "not impact your net worth?" If you have the 1 million dollars earning 3% needed to make the $2500 payment, then you're spending your gains on the car instead of letting them compound.

[probrofilms]

"Got it! I earn enough money to buy this car for it to not affect my net worth"

Wow what a tip bro

[fadmap]

Or just buy a non depreciating car. I bought a 2013 GTR with 9k miles 1 owner in 2017 for 67k, last week nissan offered me 80k for it.

[Jimmy_JD]

It’s a good idea but you have to consider the capital gains tax off of the 2, 500 that your withdrawing from your investment. Lets say the capital gains tax is at 5%, that’s 5% of the 2, 500 that the government is taking. The government is taking £125 from your 2, 500. The car is 150, 000 so out of your own pocket you would be paying 1, 200, so still a great idea but not a ‘free car’

[UKTechPro]

if we could just invest and magically get that in passive income reasonably with no risk, we’d all be doing it

[saifyear]

Oversmart Influencers can Earn a Return of 20% on their investment not normal human beings😢

[アイスクリームアイスクリーム-ij]

“I follow Sean he makes his mom easy”

[rusfenrison]

The right answer is you don’t need that damn car. If you feel the need to “show off”, and you are so dependent on what people think of you. You better hire a psychologist. And let those $2500 compound

[imyearsold]

Another good option if you run a personal business and the car is require is to write of the depreciation every year so it's decrease in value becomes a useful tool against your taxes instead of a burden

[YourlocalIndianScammer-tv]

Thats why you should go for JDM, CDM or KDM

[oDuckese]

Dude, your green screen background is a Kia dealership. And most KIAs don’t cost anything above 70k 😅

[phoness]

all of these tips are just simply unreasonable

[Napo]

Now what investments are going to bring that much passive income a month? Start my own company?

[endertagi]

Seller: "Do you want the car or not??"

[Shart.queen]

Can u pls make a video on what to invest in and how? I have no idea what I’m doing with my money

[ktrades]

This method requires 20% return per year on assets after taxes. Hmmm… I wonder what would be a good strategy to get 25% per year on investment