Comments by "Rod VonLongrod" (@user-mr1ku5iz8l) on "The Car Payment Epidemic Part 2" video.

  1. Last May my car had a major engine failure on the interstate two months after I paid it off. It would have cost more to fix it than it was worth. Luckily I was working from home at the time. Instead of jumping into a new set of car payments I toughed it out and saved for ten months until I found a good used car previously owned by an elderly couple. My car insurance is $65 a mo. and my annual car tags are $42. One of the smartest financial moves to make today. The economy is on shaky ground and there's no telling when the shoe will drop. You don't want to be living above your means when the economy crashes.
    156
  2. $500 month over month added to your retirement accounts earning compound interest for decades is a lot of money.
    6
  3.  @baronvonslambert  It was much cheaper to find a good used car as I did.
    1