Money Guy Show Is It Ever Okay to Break the 20/3/8 Car Buying Rule?
Jun 12, 2024
Discussing the ethics of breaking the 20/3/8 car buying rule for work-related vehicles. Analyzing the implications of accelerated depreciation and vehicle usage in personal and business contexts. Exploring the impact of lacking heirs on retirement planning and legacy decisions. Sharing strategies for teaching children financial principles and responsible credit card usage.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Intro
00:00 • 2min
Analyzing the 20/3/8 car buying rule and implications of breaking it in business
01:42 • 5min
Book Tour Highlights and Retirement Account Dilemma
06:25 • 6min
Impact of Lack of Heirs on Retirement Planning and Legacy
12:48 • 4min
Teaching Children Financial Principles and Matching Savings
16:19 • 5min
Teaching Children Financial Responsibility Through Credit Cards and Building Credit History
21:03 • 3min