Watch This Before You Buy (Or Lease) A Car In 2026
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Ditching Car Payments: How to Stop Being "Fake Rich" and Build Real Wealth
Stop overpaying for vehicles that crush your net worth. Learn the two strict rules for car ownership and the investing strategy that turns monthly payments into millions over time.
Short Summary
- Avoid financing cars, treating them strictly as depreciating liabilities to protect your capital.
- Use cash to buy reliable, low-maintenance transportation initially to free up cash flow for investing.
- Adopt a "75/15/10" spending plan and an "Always Be Buying" (ABB) investment cadence to build generational wealth.
- This advice contrasts the costly status symbol of a financed luxury car against the long-term power of consistent market investment.
- The speaker shares a personal example of driving a near-worthless vehicle while earning seven figures, emphasizing delayed gratification for financial freedom.
This session details why vehicle purchases are a financial "triple whammy" and provides actionable steps—from asset allocation systems to specific passive investment vehicles (ETFs)—to prioritize wealth accumulation over upfront status signaling.
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Top Comments (10)
Honestly needed this, all my coworkers got nice new cars this year and I’m still driving my paid off 2015 Toyota Corolla. But I got it for a reason, I want to ride that into the sunset.
I own my car and my house outright! Debt free is the only way to live! My assets are growing and I sleep so much better nowadays!
I got ripped.off on a new car in 2024. But i learned all i need to know about debt...
Ppl aren’t dropping 8-10k on a down payment.
I don't want to drive around in or own or maintain any BMW or Mercedes or any other luxury brand.
🧐you r putting financials adviser out business 👩💼 thanks you are a Guru , 😅
Register for my free masterclass & get Market Briefs as a bonus: https://briefs.finance/0b9cbf WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!"
I drove 3 BMWs for over 25 years; I always bought a used one with low mileage, I made sure I budgeted for repairs and maintenance with a separate investment fund that I paid into and would withdraw from. I was able to own a coupe, a sedan and an SUV over that time period. I will admit that I would have rather bought some used Lexus cars instead. As I estimate I probably could have saved 10k in repair and maintenance costs over the life of the vehicles vs a more reliable brand. As all the ohs and ahs, nice car, I like your car comments we probably not worth it in the end. Eventually I did get that Lexus and was surprised at the luxury on not having to worry about repairs as much. A friend of mine is a Toyota dealer owner and he would always say "Yeah we are more reliable, but I still have 20 service bays that get filled daily." Things break no matter what you drive. He also drives a Bentley by the way.
I'm driving a 2012 Lexus RX350 with 210, 000. Paid $13,000 for it cash in 2017. It's still worth about $9,000. Runs perfect. No repairs except brakes and tires. I will drive to 300,000. Long trips, we rent a sedan that gets better gas milage and we put the miles on that car.
I paid below dealer invoice after educating myself on how to buy a car. I had complete control of the negotiations even with up to five dealership employees at one time coming at me with this and that. After I all was said and done, they offered me a job. Every one can do this through educating yourself and tenacity that exceeds theirs.
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Top Comments (10)
Honestly needed this, all my coworkers got nice new cars this year and I’m still driving my paid off 2015 Toyota Corolla. But I got it for a reason, I want to ride that into the sunset.
I own my car and my house outright! Debt free is the only way to live! My assets are growing and I sleep so much better nowadays!
I got ripped.off on a new car in 2024. But i learned all i need to know about debt...
Ppl aren’t dropping 8-10k on a down payment.
I don't want to drive around in or own or maintain any BMW or Mercedes or any other luxury brand.
🧐you r putting financials adviser out business 👩💼 thanks you are a Guru , 😅
Register for my free masterclass & get Market Briefs as a bonus: https://briefs.finance/0b9cbf WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!"
I drove 3 BMWs for over 25 years; I always bought a used one with low mileage, I made sure I budgeted for repairs and maintenance with a separate investment fund that I paid into and would withdraw from. I was able to own a coupe, a sedan and an SUV over that time period. I will admit that I would have rather bought some used Lexus cars instead. As I estimate I probably could have saved 10k in repair and maintenance costs over the life of the vehicles vs a more reliable brand. As all the ohs and ahs, nice car, I like your car comments we probably not worth it in the end. Eventually I did get that Lexus and was surprised at the luxury on not having to worry about repairs as much. A friend of mine is a Toyota dealer owner and he would always say "Yeah we are more reliable, but I still have 20 service bays that get filled daily." Things break no matter what you drive. He also drives a Bentley by the way.
I'm driving a 2012 Lexus RX350 with 210, 000. Paid $13,000 for it cash in 2017. It's still worth about $9,000. Runs perfect. No repairs except brakes and tires. I will drive to 300,000. Long trips, we rent a sedan that gets better gas milage and we put the miles on that car.
I paid below dealer invoice after educating myself on how to buy a car. I had complete control of the negotiations even with up to five dealership employees at one time coming at me with this and that. After I all was said and done, they offered me a job. Every one can do this through educating yourself and tenacity that exceeds theirs.