BYOB Book Review Part 4 | The Problem in Becoming Your Own Banker by Nelson Nash
The Wealth Without Wall Street Podcast
The Problem With Leasing Cars
If you can lease a car and it's a good deal, then that means the owner is losing money. We lease cars because we go, man, this is the cheapest price. It's a smaller payment. So then, if I don't spend an extra $200 or $500 a month for this car payment, then I can be saving it. That equation never works. If it did work that way, it would be short-lived. But sometimes that's what happens. Sometimes the renter may be getting the better deal. Some people would say I'm underwater, both literally and figuratively on that deal.
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