I’m a car fanatic and maybe you are one too. This post is my drive down memory lane. I go over all the cars I’ve owned in the past and present. One of my most financially helpful, but polarizing articles is The 1/10th Rule For Car Buying Everyone Must Follow. I wrote this post to help […]
A Car Fanatic’s Drive Down Memory Lane: Lessons Following The 1/10th Rule Read More »
Having reliable and sufficient car insurance coverage is so important. But how do you know if you have enough? Car accidents are incredibly expensive today! Here’s how I found that out the hard way. Several years ago, I did something stupid. Instead of backing straight out of my parking stall, I turned too soon. As
Your Car Insurance Coverage Might Not Be Good Enough Read More »
Opportunity cost is a spender’s greatest enemy. Given America has a spending problem, our country will constantly be in grave danger without adopting better financial habits. Back in 2018, I decided to join a Meetup softball league in San Francisco. I was one year into being a stay at home father and I needed to
Opportunity Cost Is A Spender’s Greatest Enemy: My Tesla Story Read More »
If you’re looking for a car buying rule, let me introduce you to the 1/10th rule for car buying. The 1/10th rule will help you spend responsibly, reduce your car ownership stress, and boost your net worth over time. It is the #1 car buying rule today. If you buy an overpriced car, it is
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Since the global pandemic, used car prices have gone way up. Everybody is buying a car instead of taking transportation. This post looks into the best time of the year to buy a car so you can save money. My 13 year old SUV named Moose feels like it’s on its last legs. There’s a
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Are you looking options for terminating a car lease early? Since the pandemic began, there’s been an increase in people looking to terminate a car lease early to save money. During recessions, terminating a car lease also becomes a bigger thing. In difficult times, it’s important to cut costs and boost savings. With a potential
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Besides the purchase price of a car, one must also calculate the potential maintenance cost, and auto insurance cost to determine affordability. We often focus on the first two costs. But, seldom do we realize the auto insurance cost differential until we’ve purchased the car! Back in 2012, I was so happy to negotiate $2,000
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Driving an old beater car can make you a lot of money. As a car fanatic who has owned beater cars and luxury cars, let me explain. After writing, Never Buy A New Car In Its First Year Of Redesign, a reader commented that he netted about $17,500 in reimbursements from driving his 2002 economy car roughly 35,000
Your Old Car Can Make You A Lot Of Money In Tax Savings Or Reimbursements! Read More »
A car is the ultimate status symbol for insecure people. Let me explain why not following my 1/10th rule for car buying is more due to the unhealthy desire for status rather than the inability to be frugal. As I was returning home in Rhino, my 2015 Honda Fit, a late model Porsche Cayenne SUV
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If you want to be rich, never buy a brand new car or a car in its first year of redesign. I’ve been a car fanatic forever, but I’ve also been a personal finance blogger since 2009. My goal for everyone is to reach financial independence sooner, rather than later. After owning Moose, my 2000
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