The #1 WEALTH K*LLER that NO ONE talks about

💳 𝐁𝐮𝐢𝐥𝐝 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐂𝐫𝐞𝐝𝐢𝐭 𝐅𝐚𝐬𝐭𝐞𝐫 𝐖𝐢𝐭𝐡 𝐉𝐔𝐒𝐓𝐈𝐍 𝐌𝐈𝐑𝐂𝐇𝐄:

🛠 📈 𝐑𝐚𝐢𝐬𝐞 𝐘𝐨𝐮𝐫 𝐂𝐫𝐞𝐝𝐢𝐭 𝐒𝐜𝐨𝐫𝐞 𝐅𝐚𝐬𝐭𝐞𝐫 𝐰𝐢𝐭𝐡 𝐂𝐑𝐄𝐀𝐓𝐈𝐕𝐄 𝐂𝐑𝐄𝐃𝐈𝐓 𝐒𝐎𝐋𝐔𝐓𝐈𝐎𝐍:

In this episode, I’m exposing the biggest financial trap that’s secretly draining your wealth—your car! Most people don’t realize that high car payments, bad credit, and expensive insurance are keeping them broke.

I break down exactly why bad credit leads to overpriced car loans, ridiculous interest rates, and unnecessary debt, making it harder to build wealth. But don’t worry—I’ll show you how to fix your credit, refinance your car loan, and even turn your car into an income-generating asset instead of a money pit.

The truth is, you can’t save your way to riches—the real key is earning more, investing wisely, and making smart financial moves. If you’re ready to stop wasting money and start building real wealth, this episode is for you! 🚀💰

0:00 - 0:27 | Introduction
The biggest wealth killer is hiding in plain sight.
Most people miss this, but it can be easily fixed with the right knowledge.
0:28 - 1:20 | Common Misconceptions About Wealth Killers
People think wasting money on coffee, eating out, or shopping is the problem.
While these can add up, the real issue is a major depreciating asset: your car.
1:21 - 3:15 | How Your Car is Draining Your Wealth
Cars are necessary, but most people overspend due to high car payments.
The real reason: bad credit leads to high-interest car loans.
African-American and Latina women statistically pay the most for car loans due to poor credit.
3:16 - 5:30 | Fixing the Root Cause: Bad Credit
High interest = most of your payment goes to interest, not the loan principal.
Many people are stuck in subprime loans with 20-30% interest rates.
Solution: Fix your credit and refinance your car loan to lower interest rates.
📌 Resource: Creative Credit Solutions (free consultation to fix bad credit).
5:31 - 8:15 | Car Prices Are Skyrocketing
15% of car loans in 2022 were over $1,000/month (a record high).
The average car payment is $400-$700.
Due to demand and supply chain issues, new cars are overpriced.
Paying over MSRP (sticker price) is a financial trap.
8:16 - 11:00 | Cars Are NOT Investments
Unlike real estate, cars depreciate in value.
A $50,000 car today will be worth $40,000 or less next year.
If you monetize your car (Turo, rental business), it can become an asset.
11:01 - 13:15 | Insurance and Maintenance Costs
Car insurance is expensive, especially with bad credit.
Luxury car maintenance is costly (e.g., Porsche oil change = $500+).
Always factor in insurance and maintenance before buying a car.
13:16 - 15:00 | Why Leasing Is a Wealth Killer
Leasing a car is a terrible financial decision.
Even with tax write-offs for business use, leasing locks you into payments.
Exiting a lease is difficult and costly.
15:01 - 17:30 | The Real Answer: Earn More Money
You cannot save your way to wealth—you must increase income.
Strategies:
Start a business
Invest in assets (real estate, flipping cars, watches, furniture)
Leverage business credit to grow wealth
17:31 - 19:14 | Final Advice
Bad credit costs you thousands—fix it ASAP.
Stop overpaying for cars and insurance.
📌 Free resource: Creative Credit Solutions for credit repair and business credit guidance.
The key to wealth is making smarter financial choices and increasing income.
𝗚𝗲𝘁 𝗮 𝗰𝗮𝗹𝗹 𝘄𝗶𝘁𝗵 𝗺𝗲 𝗮𝗻𝗱 𝗺𝘆 𝘁𝗲𝗮𝗺:

𝗖𝗵𝗲𝗰𝗸 𝗺𝘆 𝘄𝗲𝗯𝘀𝗶𝘁𝗲:

𝗙𝘂𝗹𝗹 𝗱𝗮𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗰𝗿𝗲𝗱𝗶𝘁 𝗮𝗻𝗱 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝘄𝗼𝗿𝗸𝘀𝗵𝗼𝗽:

𝗚𝗘𝗧 𝗡𝗢𝗘𝗟𝗟𝗘'𝗦 𝗟𝗔𝗧𝗘𝗦𝗧 𝗕𝗢𝗢𝗞 & 𝗧𝗛𝗘 𝗠𝗔𝗡𝗜𝗙𝗘𝗦𝗧 𝗝𝗢𝗨𝗥𝗡𝗔𝗟 𝗧𝗢𝗗𝗔𝗬 𝗪𝗜𝗧𝗛 𝗧𝗛𝗜𝗦 𝗟𝗜𝗠𝗜𝗧𝗘𝗗 𝗧𝗜𝗠𝗘 𝗖𝗢𝗠𝗕𝗢 𝗙𝗢𝗥 𝗙𝗥𝗘𝗘

𝗚𝗘𝗧 𝗔𝗟𝗟 𝟰 𝗢𝗙 𝗡𝗢𝗘𝗟𝗟𝗘'𝗦 𝗔𝗠𝗔𝗭𝗢𝗡 𝗕𝗘𝗦𝗧 𝗦𝗘𝗟𝗟𝗜𝗡𝗚 𝗕𝗢𝗢𝗞𝗦 𝗙𝗢𝗥 𝗙𝗥𝗘𝗘

𝗨𝗻𝗹𝗼𝗰𝗸 𝘁𝗵𝗲 𝗦𝗲𝗰𝗿𝗲𝘁𝘀 𝘁𝗼 𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗮 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗘𝗺𝗽𝗶𝗿𝗲 𝗨𝘀𝗶𝗻𝗴 𝗖𝗿𝗲𝗱𝗶𝘁 𝗮𝗻𝗱 𝗙𝘂𝗻𝗱𝗶𝗻𝗴

𝗡𝗼𝗲𝗹𝗹𝗲 𝗥𝗮𝗻𝗱𝗮𝗹𝗹'𝘀 𝘁𝗼𝗽 𝗿𝗲𝗰𝗼𝗺𝗺𝗲𝗻𝗱𝗲𝗱 𝘁𝗼𝗼𝗹 𝘁𝗼 𝗳𝗶𝗻𝗱 𝗼𝗳𝗳-𝗺𝗮𝗿𝗸𝗲𝘁 𝗱𝗲𝗮𝗹𝘀

𝗔 𝗻𝗲𝘄 𝗸𝗶𝗻𝗱 𝗼𝗳 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗯𝗮𝗻𝗸𝗶𝗻𝗴 𝗦𝗶𝗴𝗻 𝘂𝗽 𝗳𝗼𝗿 𝗳𝗿𝗲𝗲 𝗶𝗻 𝗺𝗶𝗻𝘂𝘁𝗲𝘀:

🔗𝗙𝗼𝗹𝗹𝗼𝘄 𝗺𝗲 𝗼𝗻 𝗺𝘆 𝘀𝗼𝗰𝗶𝗮𝗹 𝗺𝗲𝗱𝗶𝗮𝘀 𝗮𝘀 𝘄𝗲𝗹𝗹!

#realestate #business #businesscredit #howtomakemoney

[NoelleRandall]

🛠 📈 𝐑𝐚𝐢𝐬𝐞 𝐘𝐨𝐮𝐫 𝐂𝐫𝐞𝐝𝐢𝐭 𝐒𝐜𝐨𝐫𝐞 𝐅𝐚𝐬𝐭𝐞𝐫 𝐰𝐢𝐭𝐡 𝐂𝐑𝐄𝐀𝐓𝐈𝐕𝐄 𝐂𝐑𝐄𝐃𝐈𝐓 𝐒𝐎𝐋𝐔𝐓𝐈𝐎𝐍:

💳 𝐁𝐮𝐢𝐥𝐝 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐂𝐫𝐞𝐝𝐢𝐭 𝐅𝐚𝐬𝐭𝐞𝐫 𝐖𝐢𝐭𝐡 𝐉𝐔𝐒𝐓𝐈𝐍 𝐌𝐈𝐑𝐂𝐇𝐄:

[J_Marin]

The Insurance part is what really got me when getting my car, i purchased a 2023 dodge charger Rt not thinking anything about insurance price on it, next think you know bang everywhere i went the insurance companies were trying to charge me $600-$700 because of my young age of 22 and the car model, i pay $460 for my car note and thats with a excellent and strong credit score of 760, these insurance companies were trying to charge me almost double of the car note... just doesnt make any sense. A new car is truly a big financial killer, unless like you said in the video you are monetizing it.

[josetteskinner]

I really wanted to watch and love this video, but your mic kept going in and out 😩

[michaelkendrick]

Does anyone believe that 600 is very high for a car payment

[Sumiya-lpmm]

Sold cars for a few years, I drive a 1976 Mercury Capri. I do the maintenance myself and insurance is only $59.00. I bought it from a police officer in the 80s for $35.00, it needed a clutch.

[CHRIS-qrdg]

Classic cars are assets. They increase in value

[Paniro]

The only problem with used cars is that you don't know who maintained it. You could be paying for someone else's problems.

[MadisonThomas-bzyr]

Thanks for all the information that you shared God Bless you, I too one.day would like.for myself to be successful

[jayjanuary]

Yep i have the 24 capstone sequoia and the monthly payment is crazy

[ShamarWashington-ok]

I’m a try it I had very bad experience with other black company’s with credit who did nothing but I have faith in my people still and hope you truly care about are people and want the best for us as a community

[BB-dpkh]

You are so right especially individuals who voted for kamala..

[janicerhansenmx]

This year is even worse than the last. Last year, I lost a lot of money on bad investments that I never would have made if I hadn't been so worried about my portfolio. I didn't know if I should continue to invest or pay my mortgage off. After selling my investments, I discovered that the house needed more work than I thought it would. I don't know how long I can keep doing this.

[CitAllHearItAll]

The #1 wealth killer that EVERY finance channel talks about.

[JosephYurush]

You don't have to buy a high end car😮 buy a Toyota or Honda, good gas mileage car

[GordonSanders-fi]

I pay cash for my car 🚗 yes my credit score is low

[Unpopularopinionsandmore]

It wouldn't be because of that thing called inflation and raising your rent, food Insurance in any other expense you have😅

[JeffTedNugent]

Really? It's not new iPhones, tats, body piercings and hair weaves?

[amGrinding]

I pay $584 for my car and the next payment is 11/15.
Should i tackle the next payment or just put money towards the principal and wait on the payment?

[TWLogik]

Why would ypu rent out a leased vehicle? Especially since you can't ctrl how that person will drive it. They will absolutely charge you for any issues like scratches, etc.