The Famous Last Words of a Fool – Dave Ramsey Rant

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[titolovely]

im 33 and im $10k away from having saved $200k. i drive a 1999 suburban that cost me $2k to buy and ive owned now for 8 years. dave is correct. cars are a debt trap.

[mike]

Nothing feels better than driving around in something you fully own.

[pamelaburleson]

Bankrate is saying the average new car payment is over $700 and the average used car payment is over $500. That's absolutely nuts.

[Pete-tcrd]

When emotion goes up, intelligence goes down.

[spamaccount]

My sister-in-law has uttered that phrase, "I work hard and can spend my money how I want" so many times. She's pulling my brother down into the financial gutter with her.

[Jawrathful]

"There's a reason you don't have any money. It's sitting in your driveway!" - Jade Warshaw

I love it... I'm going to be using that for sure!

[evandavis]

My wife and I decided to go full in on the baby steps and it was the best decision we’ve ever made. My car and my wife’s car are now paid off and we only need $3000 more to finish baby step 3. These steps really work!

[MikeMcLeanFinance]

Dave, My name is Mike McLean. When I was 15 years old I was given a book written by you that completely changed my life forever. Because of you, I was able to act my wage, (even when I didn’t have one) and was able to make smart decisions that led me to win with money. I am now 29 and I created my first ever YouTube video and I want to inspire others just as you have inspired me. You are like the father I never had. God bless you Dave.
-Mike McLean

[commonsenseisntcommon]

I'll be driving my 2015 Honda CRV until the wheels fall off!

[JaySmith-pvmw]

In January, I paid off my used car two years early. It should last 6-7 more years. NO car payment rules!

[gene_takovic]

Jade is so right. Nobody forced the buyers to go and get a new car. If more people would take responsibility for their choices!

[jennaywar]

Yep. Car payments nowadays are the same as rent used to be just a few years ago. I bought a 2004 Crown Victoria (cash) 8 years ago, and I'm still driving it. I'd rather pay an occasional repair bill than pay $800 a month for a new plastic piece of crap. My husband and I have had enough saved for years to pay cash for a new vehicle, but I absolutely REFUSE!!

[DianaPrince]

Jade’s rationalization of folk’s delusion with conspicuous consumption of material goods they can’t afford, but think they are entitled to for validation by others is spot on. Personal accountability is seriously lacking in society.

[Jawrathful]

My monthly vehicle payment is $900. What kind of vehicle? Mutual/Index Funds! When people talk car payments I don't want them to feel bad so I just tell them mine is $900.

[alleykeosheyan]

Bought my first and only new car in 1990, once I calculated how much interest I paid when all was said and done -- on a Nissan Sentra for Pete's sake -- I said "NO MORE!" Got 3 hoopties, all paid for. They ain't pretty, but they get me from point A to point B.

[marymccann]

I do need self-care, and it usually involves a salt bath and curling up with a library book after. A car as self-care?! Crazy.

[ehderguyyashootadeerorno]

In 1996 Jeff Bezos (Amazon) a person interviewed Jeff saying you are worth 10 billion dollars, what is up with this car (it was an old Honda car). Jeff said it was a perfectly good car. It's on youtube, look it up. I get this is a different situation. A lot of those people with brand new cars every few years will be the same people at 65 saying how can you afford to retire.

[James_Hough]

I've been a lawyer for 25 years and I've never had any real reason to complain about my income. How many new cars have my wife and I owned in our lives? None. Not one. We've owned a few 1 or 2 year old cars when we bought them, but we paid cash and kept them forever. I have the money to buy new...and I never will.

[deoxys]

Jade and Dave are a good pair. Jade brings freshness to the discussion, Dave brings his wisdom.

[pinkmuffin]

My sister is a nurse in an area where there is crappy public transport, especially during the times that she works. She is not good with money but she bought a shitty 4k car with cash (that she borrowed from our parents) and I am really proud of her for that. She has a little debt but all from family and she regularly pays it back.