The 20/3/8 Car-Buying Rule Explained (And Why It Works!)

8 snips

Sep 4, 2023

Learn about the 20/3/8 car-buying rule and why it's important. Discover why prioritizing debt elimination is crucial before buying luxury cars. Understand the dilemma of choosing between a 401k and a Roth IRA and how to prioritize your contributions. Get insights on navigating financial setbacks and the importance of having an emergency fund. Explore the pros and cons of investing in a 401k plan without index funds and how to advocate for change.

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Introduction

00:00 • 5min

Prioritizing Debt Elimination Over Luxury Cars

04:56 • 4min

Prioritizing Contributions: 401k vs Roth IRA

08:59 • 6min

Navigating Financial Setbacks

14:58 • 6min

Investing in a 401k Plan Without Index Funds: Should You Do It?

21:24 • 6min