3min chapter

Money Guy Show cover image

Are $1,000 Car Payments Becoming the New Norm?!

Money Guy Show

CHAPTER

Analyzing the Failure to Follow the Money Guy Rule of 23/8

Learn about the Money Guy rule of 23/8 which emphasizes the importance of making wise financial decisions when purchasing a car, such as putting 20% down, financing for no more than 3 years, and keeping car payments below 8% of gross income. Discover why many Americans are failing to follow these guidelines and the impact it can have on future investments.

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