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Drive Free, Retire Rich

from daveramsey.com on 14 Jul 2009

No Car Payments?

How many times have you heard or said, "I'll always have a car payment"? That's the normal way of thinking. But normal is broke. We want to be WEIRD! To get new results, you have to try new things.

So think about this:

What if you decided to stop messing with car payments?
What if you invested that old car payment every month instead of giving it away to the bank?
What if we showed you a six-year plan that would put you in free cars for the rest of your life?
What if that plan also made you a millionaire?

Interested? Check out the video, and learn how to drive free and retire rich! Watch the Video.

Here's what one individual had to say about the video: "Thank you so much for this! I love the idea of paying myself the amount of a car payment. Don't get me wrong, I love new, beautiful, fast cars, but I just can't stand choking on that check each month for something that doesn't pay me back in one way or another!" --Paula, eNewsletter subscriber

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Post a Comment

by william at November 11 2009 9:07 PM

Free car for life: Does this mean that you're buying used cars? How can you save $400+ if your car breaks down? How many miles on these used cars? Will it last another 5 years? I can see disadvantages, considering several variables.

by Suzi at November 13 2009 5:51 AM

I sold my car last spring and bought my first beater...not exactly a GREAT experience since my beater wasn't the best and I ended up paying (parts only, thank God for great family with excellent skills!) another $1100 for repairs, BUT I now have paid for car in the driveway that I plan to keep for at least ANOTHER 150,000 miles :) Drive til you drop, little Honda!

by curtis gayle at November 14 2009 2:36 AM

I AM TIRED OF CAR PAYMENT

by Nate at November 15 2009 7:18 AM

Bought a used Suburban put about $3000 into it and now it runs like a champ. Total cost is less than what 4-5 year old model cost and saves me big on insurance. It's amazing how much money you can save and invest when you aren't making car payments and full coverage insurance. Build up that emergency fund and when unexpected repairs come around there are no worries because hopefully you've saved all the money you would be spending otherwise on a new car.

by Winn at November 17 2009 12:08 PM

Being a single mom in a big city with lots of crime this would not work to my advantage. I need a car I can depend on that won't break down in the dark every time I turn around. I like the idea but it won't work for me. Tried it once. Didn't like it.

by Travis at November 19 2009 12:46 PM

I worked many years as a mechanic at a high end automotive dealer and I hate to break it to those who think they are safe in a new car because it is "dependable"... Brand new cars break everyday, sometimes with less than 1000 miles leaving customers stranded. A reliable, used car is safer in most cases because the "bugs" of a new car have already been exposed and fixed. Buy a used car from a reputable dealer, and above all have a trusted, honest mechanic check it out before you buy! The small price you pay for a check out fee may save you thousands down the road in repairs.