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Buying Car With Cash Feels Rich
- Ricky bought a 2017 minivan with 20,000 miles entirely with cash, feeling rich and proud.
- He resisted buying a new car by revisiting his financial plan and chose a used car within budget.
Celebrating Getting Back To Broke
- Ricky celebrated "back to broke" after paying off student loans and increasing savings.
- This milestone was marked by joy and a dinner out, showing financial progress isn't only about wealth accumulation.
Saving Half Income Consistently
- Ricky and his wife live on $85,000 a year and save much of their increasing income, putting about 50% toward debt and investments.
- They automate savings before spending to avoid temptation and build net worth steadily as an associate and practice owner.