How Much Car Is Too Much?

Explore More Shows from Ramsey Network:

Ramsey Solutions Privacy Policy

[OCanadah]

I'm in construction too (Plumber) and I always see guys in $50-60K trucks on the job sites I'm on. Most of those guys are only making like $60K a year too

[vinnynunziata]

“When he passed away he was a multi millionaire” see that’s the part that gets me about all this. I of course want to leave money for my family, but I also want to enjoy my life.

[daminh]

Every time I’m about to make a dumb decision I watch these videos to change my mind. Thanks Dave

[michael]

It really is sad how fast and how much cars depreciate. Being a car lover it breaks my heart

[bombpop]

Drive the lowest priced car your ego can afford.

[yayyareaa]

Dave hit that mute button faster than you could say baby step 3

[mattdeslauriersnc]

Dave Ramsey has never been in a 1000hp supra.

[OPP]

Is he talking about Scotty and his Celica?! 😂

[AutoMotoChaL]

That call quality he must be using sprint. Sounds like under water.

[stickjr.]

As a car salesman I wouldn't recommend anyone to buy a car unless they need one. But hey, I'll sell them if they want one. People trying to keep up with the Joneses, pays me very well. 😂😂😂😂.

[jonitalia]

Haven't seen many Toyotas nor Hondas drop 60% in value in the first 4 years under 1 million miles.

[hurt]

I get what Dave is saying. 500 a month from 30 to 70 in an Roth account could reach 5.6 million. The problem with that is, you have done without your entire life. Who wants to be a millionaire in their 70's? Majority of guys don't even live that long so your life is pretty much gone by the time you could even enjoy it. Maybe I am selfish, but I think you need to enjoy your life too.

[theinevitableend]

My uncle told me a story about my late grandfather who I loved dearly. They ran out of gas and had to walk to the gas station. They walked past the nearest gas station because he knew it was a couple cent cheaper up the street.

[caseih-pzvp]

I have 16 year old 275, 000 truck and a guy that I know laughs and says he would not trust it to go to Walmart and back. Yet he complains that he lives pay check to pay check. He owes $26, 000 on his truck and makes less than half of my income.

[mammoth.]

My car is 11 years old bought new, wife's 6 years old also was purchased new .Two great autos not selling them any time soon.

[vinnie]

I see many younger kids and people buying nice 70 to 80k for a BMW, and I shake my head.. cars are not investments. Buy a vehicle that suit your needs, not what you look good in.

[mrbriceno]

I love how your grandpa ruined your "great" moment with some knowledge. That's some real love right there lol

[beet]

Dave would kill me, I bought a $70k car on a $80k salary but it has given me so much joy, I have no regrets. Now 4 years later, car is paid off and I doubled my income. The car makes me feel like a kid again - still no regrets.

[samiradanesh]

Lol I love Ramsey’s grandpa. “That’s dumb” lol

[Plazthespaz]

His grandpa died a multi-millionaire... Doesn't that sound stupid to anyone else? What is the point of wealth if you never use it? What is the point of any of it if you never bother to enjoy the fruits of your own labor?