How much CAR can you really afford? The 20-4-10 Rule #finance #money #investment
In this video, Rom dives into the question of how much car you can really afford, using the 20-4-10 rule as a guiding principle. The 20-4-10 rule suggests that you should put down at least 20% of the car's purchase price, finance for no more than 4 years, and keep your total monthly vehicle expenses under 10% of your gross income. Rom explains how this rule can help you make a smart and sustainable choice when buying a car, ensuring that you don't end up with a financial burden that you can't handle. Join Rom as he breaks down the 20-4-10 rule and offers practical tips for finding the right balance between your car desires and your financial health. Subscribe for more financial tips and advice!
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Welcome to Living Without, your go-to resource for mastering financial literacy! Whether you're looking to build wealth, manage your budget like a pro, invest wisely, or understand the ins and outs of personal finance, you've come to the right place. Join Rom as he simplify complex financial topics, provide practical tips, and empower you to make informed financial decisions that shape your future. Subscribe now and embark on your journey to financial freedom with us!
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Romulae Jr Gadaoni, MFP, CRPC®, ABFP®
Bachelor of Accounting
Bachelor of Laws
Masters of Financial Planning
I am also a Licensed Financial Adviser and a Practicing Accountant in Australia.. a Chartered Retirement Planning Counselor and Accredited Behavioural Finance Professional
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