AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
13min chapter
Investing in a recession, getting a car loan at 18 & the power of $5 (Investing Q&A)
Australian Finance Podcast
Making Sound Financial Choices in Youth: The Pitfalls of a High-Interest Car Loan
Exploring the costly consequences of a risky financial decision by taking out a $15,000 car loan at 18 with an 11% interest rate, selling the vehicle for half its value, and facing the burden of accumulated expenses. Advising against hasty financial moves, the chapter underscores the importance of saving, informed decision-making, and the long-term implications of debt, particularly when acquiring assets like a car at a young age.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode