Comments by "Maxwell Benz" (@Tential1) on "The Car Payment Epidemic .... Part 7" video.

  1. But it's weird to me, because some people are treating basic or mid-tier Brands as a status symbol. Why are you spending $1,000 a month on an Acura for a red interior? Some of this pricing after depreciation is more expensive than just buying a used Ferrari with an extended warranty. That's ridiculous
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  2. People are afraid of the stock market. People don't understand what it is or how it works. I work in financial services where we cater to people who have eight figures or more net worth and I work with people that don't understand the stock market and don't invest because it seems scary. Americans are literally financially illiterate, but they think they are illiterate if they understand something like don't get into credit card debt. They don't invest, and if you don't invest then you cannot win in America because the whole system is based on invest. So many people struggle in America and don't understand why when America is literally brain dead easy to make money in and become wealthy, buy stocks it goes up you become a millionaire very quickly. It's almost impossible to not become a millionaire in America if you just regularly buy stocks by at worst retirement age
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  3. Anytime I'm tempted to buy something, I just invest the cash, before I can spend it.
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  4. I don't understand how you can normalize paying for something, if I can get something cheaper than I'm going to get it cheaper, so how can you normalize paying $1,000 a month for something?
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  5. 15:30 maintenance hurts, but these cars all appreciated. This one is up 50%.
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  6. 8:55 I was so sad when my car got rear-ended and was declared a total loss and I had to get something different
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