Відео

Life is too short for this ride

Tight ass 😂😂😂 l think you should treat yourself you deserve it pay cash 💷💷

I had my 2016 toyota camry 100k miles, but had many issues. Used warrenty which covered $3-4k, and $2-3k of my own after power train expired. Car values was around $8k. Therefore, I just bought another used 2020 Toyota Camry instead.

it's never mathematically viable to replace your car, but there is a value in "this is a pain in the ass" that might justify you replacing.

Thank you for simple and digestable information on this sir!

I would like to make a suggestion for getting rid of an older car that may be uneconomical to repair - donate it! There are many charities that will pick up your car, make repairs to it, then either make it available to a needy person or family, or sell it to generate funds for the charity. That’s what I plan for my 20 year old Corolla. It still has considerable life left in it, but I’m feeling the urge to move on to something newer. I’d get very little for it by selling it myself and I would rather that money go to help support a worthwhile charity.

Legend 😂

Can I deposit the money back into the same IRA account?

Dont let all mechanicals break down on u , every time something happens fix it one time not to wait to fix everything one time plus do mechanical repairs urself cost would just be parts.

love it

I had the same exact car and I replaced everything you said, it forced me to learn how to fix the car myself in order to save money. Best decision I've ever made, I have expanded my mechanical knowledge and the car never gave up but I eventually got tired of the outdated features and I upgraded to a 2007 subaru legacy.

It is always less expensive to keep a car maintained and keep it forever than buying a new car and paying interest on your loan

There is one major reason to buy a newer car: safety. Newer cars are vastly better if you do have an accident, and they are slightly better at avoiding it, too (especially in terms of managing fatigue). It’s not all about the cost of repair vs replace.

Quick and simple thank you.

bought my first car not realizing it was a 19-year-old car, now it's 20 years old (newbee mistakes?). Replaced these parts for peace of mind, not because they need urgent replacement (Left CV shaft assembly, timing belt kit with water pump - no record when it was replaced, starter motor, rocker cover gasket, spark plugs, rear brakes, rear tyres that were fishtailing in wet highway) - car still runs great, no engine lights, burned 2.5L oil over 6months/5000km - how long should I keep the car to get the value of replaced parts?

Wow i never though of it that way

Will this work on an old stain? (6months)

Great video man! I am like you but I guess you are single and I am marriage. My wife will never understand this so I had to decide between a divorce or a new car!

Niceeeee Thanks!!!!

When I was young I had to fix a few things on old cars but then sold them, but looking back I probably fixed all the faults and could have got another few years out of each one. My advice is drive your car to death and get your moneys worth, after all its only to get you around. Now I have a nice car, a 2006 Forester XT ,15 yo but in excellent condition and it will last another 10 years easily. Happy motoring!

Love the intro...great info as well!

Im 32 with 121k thats pathetic

Wow I’m in the 50 year range and I’m 27 😂

Sad, but most people don't listen. They follow the herd. 🤣

I’m 36 year old and Only have 165k in my 401k. I hope when I retired I could save up to 1 m in my 401k so right now I m trying to put like 12k or may more a year if I can.

great vid and thumbnail LOL answered my question

If you like the car just pay for the maintenance it needs but anything that requires structural fixing time to junk it cause that can rack up a ton of cash same thing with rust damage it can be very expensive and lastly a new engine usually is a deal breaker cause a used one you are banking on it possibly breaking again and you are right back where you started a car you can’t use.

Cars usually rust away in 15-20 years in England but I’m going to try and keep mine for 20 years. When it rots I’ll buy a new chassis etc to keep it going. It is more environmentally friendly to keep things alive than buying new

Convenient to not elucidate USA private debt which is 235 % of g.d.p...this dual debt has not occurred until after 1990s.only period that resembles the huge dual debt of government and private industry is world war two,USA corporate debt was high from retooling for world war two but not at levels of USA coporate debt over 100 per cent of GDP which started after 1990.private debt has a subsystem of USA consumer debt which nothing in USA history of 255 years is in the ball park ..remediation all American citizens within top 5 per cent highest income ( min.entrance wealth/income 20million$) pay no less than 20% for those in top 1% minimum is 50%.Usa private corporations including the only profitable banking and insurance pay no less than 25% tax rate,for consumers debt one time reduction on principal of college loan 50% why because college tuition rates where done thru anti trust they all went up at the same time meaning price fixing..USA annual interest on debt if 500billion plus a year which USA banks and insurance get 66% should be taxed and not tax free as it has been.the USA Treasury should no longer raid social security pension and disability trust funds which they have 3 to 4 trillion after 1986,the USA dept of justice should place medicare,health and Medicaid fraud and theft in it's too 3 priorities after 10 to 15 trillion was unchallenged by dept of justice after 1975 was stolen,frauded and wasted..on Chinese imports heavy tarrifs without exception in all of it's imports until there is irrevocable and unquestionable evidence of Chinese Democracy..cold day in hell before that happens..USA should gladly give up it's empericsl activity it will save money,lives and souls in the USA. Reagan Govt isn't the solution it's the problem. All USA n.p.o.universities should be screened for hidden profitability and government interference..tens of 1000s if USA intellectuals know everything I've written but remained silent..fear of loss of livilhood

Thanks for sharing

Funny and nice video man

You seat belt is twisted. How do you sleep at night? :)

I subscribed just because of the intro lol

The average is irrelevant. Only your balance matters. Starving with a bunch of other people is still starving.

I'm 40 and currently have a balance of 114,000 dollars.

Currently with 40k at 24 with everything going into a Roth 401(k). I also maxed a Roth IRA for the past two years. Bought a car in cash, and wondering if I should start contributing extra money to an HSA account or more into my brokerage accounts?

as soon as i paid off my car, I started saving for a new car

the 10 year range is sketchy if you are in to 50-59 group

Dump this lemon

Scotty Kilmer would say "buy a 1994 celica instead" :)

Can someone explain to me this logic please - “if you have to put $2,000 for repairs and the car is already old and is worth less than that then it’s better to get rid of it and buy a new one”. It sounds a bit absurd. What’s the point of avoiding a 2k repairs cost in favor of spending 20k or more for a new car? If the result is the same - you get a vehicle that works.

I never owned a car, my dream is that my first car lasts 20 years, that way I will have to buy a new one only when I'm in my 40s

Hey I have a quick question what if you reached the max from the company,to contribute your 401k.

I have swift 2,51,000 km done more to go 😄

Hello! I like your style! We work hard and we shouldnt waste our effort for just new luxury items. I got a new a car. I am the first owner , ford tourneo courier , Its like a minivan. How many years should i keep it? By the way my other car is hyundai grace and i have it for 23 years, it still goes well! Thanks for wise videos. Keep moving forward!

but if it in a traditional or roth makes huge difference

Have an 05 and 15 Corolla. the 05 still runs good. What should I do? 15 is on payments. If I put both on insurance it adds up . The 05 needs about 1k. 05 is high milage. mostly hwy.

Age 50 - $405k saving 8% in a 401k in addition to a 6% company match of stock plus an additional saving of 8% in a separate 401K roth which has around 50k. Plan is to work until 65, feels like I am doing well?

Wife and I are both 39. We have 900k in retirement accounts. We plan to retire early, around 55, with little to no debt and three kids through college. We started early, saved 15% and invested aggressively.

Date reference on data?