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For many men, nothing is more than money and women. However, most are hesitant to call Dave Ramsey for advice on any of the issues.
The key word is “the majority. “
In a recent segment, a guy named Kevin called the “Ramsey Show” to talk about buying a sports car to attract women. As you can imagine, Kevin didn’t do very well.
Kevin began by explaining his situation. He’s 27, lives in Austin, Texas, where buying a home is very expensive, and has stockpiled about $50,000 for a long-term down payment on a home. This is in addition to the $10,000 in an emergency fund.
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“My smart friend Roy has been saying for a long time, ‘Kevin, no one is going to have to pass out with you when you ride that old Honda Accord,'” Kevin said. “You’ve got to buy a sports car. “
While it may seem like a smart concept to Roy, Ramsey is on the same page. Instead, he replied, “Your clever friend Roy is an idiot. “
The monetary price of driving a more modest vehicle is still up for debate.
According to a Facebook post via Ramsey, the top 10 most sensible car brands driven by millionaires are:
Toyota
sling
Ford
Lexus
Subaru
BMW
Acura
Hyundai
Lincoln
Buick
From a monetary point of view, it is better to consider cars with a high resale value. That way, when it’s time to replace cars, start with a merit with your down payment.
Some cars that are known for their higher resale price include Toyota Tacoma, Honda CR-V, Honda Accord, and Subaru Crosstrek.
Ramsey added some tips.
“When other people don’t waste money looking to look rich, they have money to GET rich. “
And that’s precisely what he’s trying to tell Kevin about his “good friend Roy. “
It’s nothing to do with driving a Honda Accord. This means you’re in the same boat as many American millionaires.
What would happen if you bought a sports car to attract women?Ramsey didn’t do that either.
“If a woman approaches you because of the car you’re driving, you won’t get a woman,” he said.
He ended the verbal exchange with an anecdote about his car and his love life with his wife.
“Me on my third date with my wife in a 1974 Monte Carlo. I told her that one day I would be a millionaire. And we crossed the tracks and the muffler fell off my car. “
Maybe I’m kidding, maybe I’m not. But his point remains the same. Buying a car is a vital monetary decision that should not be influenced by external influences.
Consulting with a financial advisor can help you know how much money you can comfortably afford to spend on a vehicle. An advisor can review your current finances, answer your questions, and give you peace of mind.
Read next:
If the average American family is a millionaire, why do other people feel so broke?
About 56% of Americans feel in favor of saving for retirement. How much do you want to stay the course?
*This information does not constitute a financial recommendation, and a financial advisor’s personalized recommendation is to help you make informed decisions.
Chris Bibey has been writing about private finance and making investments for 15 years in publications and for many financial firms. He is not a licensed financial adviser and the contents hereof are for informational purposes only and do not constitute or constitute constitute or are intended to constitute an investment recommendation or investment service. Although Bibey believes that the data contained herein is reliable and comes from reliable sources, there are no representations, warranties or commitments, express or implied, as to the accuracy or completeness of the data. .
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Dave Ramsey told his wife, “One day I’ll be a millionaire” in his 1974 Monte Carlo. Originally in Benzinga. com
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