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Lease New, Buy Used
- Lease new cars to avoid the steep initial depreciation hit.
- Buy used cars aged three to four years or older to protect capital and lower total cost.
Avoid New Luxury Cars Early
- Avoid leasing brand-new luxury cars in your 20s and 30s unless you are already a millionaire.
- Instead invest the monthly lease savings into index funds to accelerate long-term wealth building.
Eliminate High-Interest Debt First
- Prioritize paying off credit cards and high-interest consumer debt before investing.
- You cannot out-invest 20%+ interest rates, so eliminate that burden first.