Sure

"What's up graham its guys here" was this a mistake or was it on purpose?

This video isn’t popping up in my feed probably why the views are low.

hey man, just disable these comments. youtube isn't doing anything about them anytime soon and you have a very impressionable audience, hence why these comments are here in the hundreds of thousands.

These comments are awful graham 😞

Congrats man, that's the way to do it!

Pin his comment Graham

not being a wage slave, should be the goal in life... eveything else is just distractions.

@@MrMlbfan6 Thank you! I wasn't looking for congratulations I was trying to encourage people that they can do the same. I was greatly influenced by the book "Millionaire Next Door". Living way below our means put us on a track to early retirement and yet we really didn't sacrifice much to make it happen. Sure I would have liked to own a new car every couple of years. But in the end it is just stuff and I am happier we traded that stuff for reaching financial FREEDOM sooner. Take care!

Agree

It’s not a waste if you’re the kind of car enthusiast that likes cars for the driving experience and not for “status”. Life has to be enjoyed. Sure I could save and invest everything for 30 years and retire a multi millionaire… but then what? Finally go and buy that sports car when you’re 60 and your back hurts? I think one can drive a fun car and still save and invest for retirement. For me, it motivated me to find ways to make more money

Considering the average American spends over an hour a day in their car, I don't see why it's so unreasonable for people to at least want something with a little more comfort and features to it.

@@ROVA00nailed it

If you grow out of doing that, you will have a much more stable financial future. And less fun.

I do, we never know how long our life will be. As long as I can afford it with no debts, I'll buy it. Better used & few miles, an S class coupe 63 amg was 200k usd brand new in 2020, now is like 70k

“And now let’s begin”😂

And at counter-server places they do exactly that!

It's because statistically most people have short attention spans and can't watch more than a couple minutes. If he waits to ask for likes at the end then most people would have dropped off by then. Apparently peoples brains are so fried due to internet overstimulation that KZfaq estimates half of all viewers drop of usually by the one minute mark. My guess is Graham being a successful KZfaqr is very aware of that fact. Thus the ask from the start.

That's the American way. It's assumed you WILL give a tip. In a restaurant or diner you'll get chased down and abused if you don't.

@@rodrigosanroman5858 if people do not finish watching the video then there's no damn point of clicking the like button in the first place.

I do all the maintenance on my 2000 toyota tacoma even though I bought it used in cash it still runs great at 120k miles. That mileage is nothing for toyota tho so I don’t see myself getting a new car anytime soon 😂

That proves one of my personal beliefs. You can buy a reasonable,new family car. The trick is to keep it at least 10 years to get good return on investment. No way I'm buying a rust bucket playing the...am I going to make it to work/get fired lottery.

I'm in a similar boat. 2004, been in the family since new(was my mom's). A lot less miles and I do need to pay for maintenance etc, as I'm not even remotely a car person. I've had money in the bank for a new car for almost 10 years now. I'm not going to buy one until this one actually does die, but it pays(sometimes literally) to be prepared. My former landlord have a truck that is 40+ years. Had to patch up some part of the chassis a couple years ago as rust was starting to eat into it. But aside that, it functions perfectly. Well, I think the AC doesn't work, only been in it twice though so not entirely sure.

but you must have more than one vehicle am I right?

Amen, brother. I’m right there with you. $1100 a month in transportation is ridiculous. I’d rather spend $125 a month on insurance for my paid off Honda Fit.

Absolutely!! :)

Are you guys gonna colab anytime soon?

He's Guys, we're Graham

I make $50,000 and drive a $7,000 Toyota 🤓

It’s all about the type of car you choose to buy, granted there’s still some luck involved. There’s so many used cars with less impending repairs than new ones rolling off the lot. I’d take a 100k mile reliable model Toyota over a new Kia for instance

This is not realistic at all though. Good luck finding a good used car under 8k that will not cost you an arm and leg in repairs and maintenance down the road.

@@corail53 Couldn't someone just pay a third party to inspect the used car before making the purchase?

@@corail53bro you can’t even find a completely gutted shell with no engine for 4k these days lmao

That's exactly what I'm always saying about that!

I don't even understand how a person can live, and how the bank approves someone making $60K to get a $50K car. How are they even surviving? Then there's two fairly new cars in the driveway. How?

@@LordPrometheous The key to get wealthy is to not follow the mass!

@@LordPrometheous that’s exactly what I did I bought a e43 AMG for 43k and I make 60k and I’m 18…. Getting a loan is so easy nowadays

@@jadduval7778 that's insane. I guess you're still at home with your parents or have roommates so it's not breaking the bank. I hope you're enjoying it.

my family hold Mr. Steve Banks in high esteem because of the $ 21,000 weekly profit we're receiving trading with his strategies

wow!! I thought I was the only beneficiary of Mr. Stephen Banks trading services. His techniques and strategies are the best

Lmao @ these bots in the comments

Well some people have higher standards in life and don’t want to drive a round a beater 😂

​@@Kinja_then save up and buy in cash

Is it the Forester in the pfp? Those cars are amazing. Just wish I can find a stick shift one at a reasonable price.

I loved driving down twisting mountain roads (hardtop , though) in my Lexus sports sedan before I was rear-ended and it was totaled. But damn, it was the most fun I'd ever had in a car in my entire life. It handled great and pushing it to the limits on Michelin Pilot Sports was an adrenaline rush. Sometimes in life, a purchase doesn't have to make sense, it just has to make you smile.

I like to follow the guides they lay out, while also allowing extra cost for the car to consider it a "fun" purchase. If you take some money from your "wants" category (if you're following something like the 50/30/20 rule), I say it's still justified since it's made to fit into your budget. Everyone's definition of "wants" is different, and if you want a more expensive car, it's perfectly alright if you're willing to pay the extra expense for it.

@@Drew458 100%, although you’ll also want to factor in the extra gas from the trips you’ll be taking. Then again if you are replacing a truck with a little sports car, that will probably take care of itself.

What do you think about buying the cheaper car for day to day driving, and then renting the super car for a fun weekend to get the rush? A Lamborghini isn’t much fun to drive in traffic

@@HalfBlueCat1Yeah, I’m talking about a Miata or an S2000, not a Lamborghini. If that’s what you want, renting is most likely the only option. That is fun too, but tougher to hit the road on the spur of the moment. Also, it’s fun to take other people out in your car and this is easier to do casually if you own it. If you pull up to a date in a rented Lamborghini, it might feel awesome for a second until the inevitable question of “Wow, is this yours?” comes out and you feel like a poser. (Never actually rented a car for this purpose, so I’m just guessing.)

I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 150K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire without any investment. Retirement becomes truly fulfilling when you possess two essential elements: financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

Cynthia Mcclure Alexander is the licensed fiduciary my family use .Just research the name

Cynthia Alexandra McClure, who also goes by Cynthia A Depken, Cynthia Alexandra Depken, Cynthia A Jackson, Cynthia Alexandra Jackson, is a registered financial advisor currently at U.S. BANCORP INVESTMENTS, INC. located in Charlotte, North Carolina.

As beginner in stock, I found these comments helpful so curiously searched for her full name and her website popped up immediately. I looked through her credentials and passed exams before contacting her.

"You will own nothing and be happy" is hitting faster and harder than I thought...

If you're privileged enough to live somewhere where car-freedom is a viable option, absolutely.

True

Keep it up

Someone has been listening to Dave Ramsay.

Don't buy an Audi. They have fooled people with marketing, the cars are junk and expensive to repair.

Hope you’ve reached your goal by now!

I took a slightly different approach to this. My daily is a 2004 350z with 235k miles on it, and the other fun car is a C6 corvette I'm into for about 20k

a low mileage 2004 s2k 😩😩😩 you must have paid a fortune for that

It's important to buy cars when interest rates and prices are low. My financial advisor also gave me the same advice. When rates and prices are low, it can save you money on financing and make the overall cost more affordable.

My financial advisor advises buying cars when interest rates and prices are low. However, he also cautions against it right now due to the hidden costs of car ownership, like insurance and maintenance. He helps me plan for these expenses and manages my portfolio to ensure financial stability. It's all about making strategic decisions and having a well-rounded financial plan.

@@Bradleyschaeffer376 How do you get to work?

Wow a Celica that old with that low of mileage is crazy! Solid buy

Wow that's rare Change oil

My first car was a 1995 Toyota Celica and that thing died in 2016 with well over 300k miles on it. Best car on the planet.

This car is rock solid. One of the best car that Toyota made. I had one for almost 17 years. Cheap on gas, cheap to maintains and fun to drive. The best car

Good find.

I had a Citroen C1 for 17 years (I was hit and it’s totaled) but mileage and depreciation were great 👍 (my phone has a higher depreciation than that car😂) Great rule!

Take in fuel efficiency aswell. Gas aint getting cheaper

I had my mechanic just tell me it was better to get rid of my old car because problems just kept popping up.

its time to say goodbye.

Yeah people talk about beaters being cheap but if your car keeps breaking down/is in the shop, and you end up missing work enough, then your job is at risk. People getting fired because they can't show up reliably enough due to their cheap transportation.

Get a Toyota, they’re known to average twice that mileage with proper maintenance and are relatively cheap to maintain compred to other brands. There are even some examples of Tundras used as work trucks and reaching over a million miles while still running strong.

Yeah it sounds like it takes months to find good cars for cheap...

agreed. I believe these car buying rules are outdated.

HA really bro 8k car is unheard of? My most expensive car I paid 8k for. Cheapest car I own I bought in February for $500 and it runs and drives fine. Yall ain't trying hard enough.

@@gopro2027 I bought a used Audi A3 for 9k almost five years ago with 100k miles on it and the car still serving its intended purpose. One disclaimer is that I do most of the cost repairs and scheduled maintenance when needed.

@@gopro2027 Last person I knew who bought a car under 1K it only worked for months. I think so markets don't have god cars under a certain amount. Your experience is not everyone elses experience.

lmaoo im 18 in 15k ""debt"" and i drive a E43 AMG

@@jadduval7778😂

@@jadduval7778sell it pay off debt and buy a older e63 that will hold its value

Why you buy a e43 fake amg? Get a 63...

@@user-xw4vg1vy5e I can’t afford that lmao

Eh, it all depends on perspective. The most important thing is to decide how much you are willing/able to spend on the car every month and work from there. I think the most important thing he talked about in the video is factoring in maintenance and fuel costs, which people seem to forget. For example, in my country (where the average salary is much, much lower than in the USA) it is not uncommon to see young guys buy an old beat up BMW or something similar just because they depreciated enough to the point that you can afford them, and then end up selling them soon after because the maintenance is too expensive. The maintenance on a brand new german luxury car is going to be noticeably higher than a normal (i.e. cheap) car, but is in a lot of cases going to be much much worse when these cars get older, when things actually start going bad. I'm also all for buying the car which you can afford in cash so you don't have to pay a loan check every month, but in the end you are only saving the interest. It's just that people buy more expensive cars than they can realistically afford just because they can get a loan approved on these cars, if you have a stable job (meaning little or no risk that you won't be able to make payments) buying on a loan isn't that bad as long as you buy what you can afford.

Preach!

Yeah, it's pretty much impossible to stick to especially when you consider most people are living paycheck to paycheck nowadays

In my opinion, these rules don't work very well for the "lower" end of the spectrum in terms of income. I think they work on anything $65k+, but it's harder to use on less than that. It's especially hard since the pandemic nearly doubled the price of a decent used car. I think making it fit into an overall budget is an extremely important factor.

Get a bike or a bus pass

​@@HalfBlueCat1 Buses in my area are only for seniors & people with disabilties and my family has a couple bikes which are used for shorter trips regularely between May-October.

if you live up north, seriously consider a trip south to buy a car. you can get something 10 years old and better condition than the rotten piles you have up there

Woohoo!

You had me at big titties!

Lol no it is not. It is the bare minimun any parents MUST learn their kids when they are going into their teens.. It is mandatory knowledge!

It’s not about income. Don’t buy a new car unless you’re a millionaire (net worth)

i just bought a new car for 18k after my trade in, MSRP was 25K 2023 Mazda CX-30

What if your getting a tesla 2023 15k off standard range. 8K DOWN MMMMmmmmm

As someone who briefly worked at a car dealership, I will never purchase a used car again. I’ll take the original warranty and put all the miles on it and damage myself. Some of the stuff they let out the door knowing it was messed up infuriated me.

@@evandavis2362if everyone stops buying new cars then the used maker falls off a cliff like the pandemic where used gets to be just as expensive as new

And there’s the peace of mind knowing you did the work and guaranteed that the repair was done.

THIS. It feels amazing knowing you saved hundreds or even thousands of dollars doing the work yourself and you know it was done right

Also, don’t buy a new car unless you’re a millionaire.

Americans who tout the "freedom" of the "open road" don't realize how much good public transit would ultimately save them money, forgetful of all the associated costs of the privilege to be stuck in traffic like everyone else. I'd rather not own a car for a routine commute if I can help it, and I say this as someone who's been licensed from everything that's road-legal between motorcycles to combat trucks.

​@@doujinflipmost of us freedom loving Americans don't live in areas where public transit is realistic. The ones that live around those areas are the ones who dislike freedom.

Have almost the same experience based on high auto automotive class. It has not only paid off in thousands on auto repair but also in 10s of thousands on home repairs. Oil changes, brakes, shocks, every kind of fluid change, diesel emissions, ball joints, tune ups, the list goes on and on. It’s a foundation for so many other repairs. Several appliance repairs, confidence in remodeling a kitchen for 10k that would have cost 30-40, replacing windows and the list goes on. I try to do almost everything myself. The satisfaction of completing the project is an added benefit to money saved.

New cars are making it almost impossible to work on them yourself. They're even pushing out mechanics. They are trying to force everyone into the dealership ecosystem.

Wish I could change my own oil - I just bought a new car and don't want Jiffy Lube to mess it up! But I live in an apartment complex where they're extremely anal about not allowing ANY car maintenance (not even car washes!) in the parking lot or the carports.

what car

and you could sell it for more than that today, inflation and price hiking is out the ass

I bet you bought it in 1980 lol

They also don't work in America either

Yea, in America you’ll be hard pressed to find a car that even runs for $10,000 or less. Let alone a good car that’s gunna run for 10 more years

Same in US this is pie in the sky for most. A cheap reliable used car here is 17-20k low end for a reliable low mileage car that will last you 8+ years. I have a lot of experience recently with this.

​@@Jeremyhull-mx3lrAt least in America insurance isn't 2x the price of the card

In the UK you can buy a Aygo/C1/108(107) that is cheaper to run and reliable…

That’s also subjective. I’d much rather retire comfortably than spend frivolously in my 20s and not have certainty about my future

@@V1NTAGEBuRRit0 What gives you the guarantee you are going to live over 30? Having certainty about the future means having a big fat bank account?

@@mihai5085well, yeah. Figured that was pretty obvious. If you have a lot of money you have a lot more say about what your future looks like. Not many options when you spend all your money as soon as you get it. No there’s no guarantee I’ll live past 30 but statistically it’s a lot smarter to assume I will than I won’t.

@@V1NTAGEBuRRit0 I agree with your point to some extent. I personally think it's the best choice to spread the leftover money in a way that you are saving for the future, but also living your present. Investing 30% or 40% for your retirement and 70% or 60% to be used right now (in my opinion). I assumed that you are putting every leftover money into your retirement from your comment, maybe i was wrong.

@@V1NTAGEBuRRit0 and what happens if you died tonight ? You saved all that for what?

It’s cheaper to buy a reliable daily car then use Uber by far

It’s Just more upfront, think about it u spend 30$ a day on Uber you end up spending 10,950$ on Uber by the end of the year…

Depends where you work or need to goto most often. Also the cost of deliveries like groceries, medical etc

I live in a small town and work from home but still have to have a car cause anything but the nearest store is 5-30 miles away. I have this image in my head that people that live in big cities are close to everything and just don’t need a car.

I agree. Consider New York city, Chicago or LA. Very few ppl own cars

Take the cost of your dream car and put that number into a retirement calculator. Figure a 10% return on stocks and see how much that car will really cost you after 20 years.

what’s the car?

@@DEMONISHING BMW i8

Do it!

@@mocheen4837 did you?

Great work!

On the surface, you should look at it as a fraction of the value of the vehicle. You’re more likely to be ok with putting $2000 of repairs in a vehicle worth $10k, than into one only worth 3k. In reality…it’s going to be very situation dependent. I wouldn’t hesitate to put $2000 of maintenance type work into a vehicle only worth $2k if I knew the history of the vehicle. I wouldn’t consider putting $2000 worth of engine or transmission work into the same vehicle though.

How’d I not notice that 😂

Glad you like them!

I had an Integra Type R with only 24,000 miles on it. I traded it in for a E46 M3. The Integra shot up in value. The M3 is starting to go up. I can still sell it for the amount that I paid for it over 16 years ago. I have close to 80,000 miles on the car. It mostly sits in the garage now.

The reason that most of the cheap older cars require regular work is because the previous owners did not keep up with maintenance of parts that are eventually going to wear out. But some cars that were better engineered and built tend to last longer like Japanese makes. That's why it's important to do your research to see which models have a good reliability record. Because a 12k used Hyundai or Ford is not going to last as long as 12k Toyota or Honda even though they might be older and have more miles. I still own a 95 Acura Integra with a manual transmission that I bought for $7.500 in 2001 with 100k miles. And it's still my daily beater that now has 260k miles on it. The only major repair it has needed has been a head gasket at 200k miles. But part of the reason I have been able to keep it for so long is that I can do most maintenance and repairs my self and parts are cheap for it.

Climate is quite hard on cars where I live, and although I’ve never bought new, getting a good reliable car is really hard if you are buying too old. I am 1000% in the same camp as you with being willing to spend a little more to stay out of the garage.

@@misssophiamae That's why it's important to take care of what you got when you find a decent car. I have an 05 Subaru WRX that I bought used and I have kept in good shape waxing it regularly and maintaining it. I also live in an area where road salt can be bad on cars. So part of that maintenance has been treating developing corrosion on the under chassis, sub frame and suspension components. I recently had to swap the front suspension arms because they were corroding. But I replaced them with better aftermarket aluminum arms with new bushings.

Only time I went for a 72 month was when I was offered 2.9% financing on a USED car. My car payment for a two year old Acura with low mileage for about $300/mo. That was back in 2013. Best deal I ever made on a car. You can't get anything close to what I got now for less than $800/mo now.

Laughing at the implication that someone making 150k a year can only afford a 45k car, that's insane.

@@mikeydude750 It completely depends on what your fixed living expenses are and how much you are willing to blow on a depreciating asset. If you live in California, $150k isn't much anymore. Probably can't afford more than a condo.

@@mikeydude750 to me I think it all about the monthly payment no the total price of the car

@@mikeydude750 Exactly. Pretty much everyone I know driving Audis makes less then 100k a year. They make it work just fine.

:(

That can't be narrowed down to a percentage of the total car cost b/c that can be vastly different for everyone. One person may pay $40/mo for insurance, while the next person pays $300. He noted barely $150/mo for gas, whereas I being a field tech, fill up nearly every day for whatever I drive, and there are two vehicles in my household. I can easily spend $1500 or more per month for gas. That's why no percentage of the total for transportation costs.

Don't buy it bro

Get something used, do your research, and know what to look for when purchasing a new car.

i def wouldn't buy that as a good investment, personally i'd get something that's reliable and cheaper like a civic or corolla... if you just need reliable transportation, that is.

I purchased an E46 M3 for $34,000 back in 2006 from a guy who had three new BMWs. It had 30,000 miles on it and he sold it to me for half price after two years of ownership. I still have the car today and it has close to 80,000 miles on it. I can sell it for pretty much what I paid for it 17 years ago. The prices keep climbing on these models.

That can make sense if you’re not using it as an excuse to buy a more expensive car. If you have other debts to pay off and the extra padding allows you to make bigger payments, it can be a plus.

I don't know what you're investing in but I make a lot more than the $120/month I pay in interest on $50K I would otherwise have tied up in my truck. (which was also a 100% tax deduction).

@@2010drive It has nothing to do with logic or leveraging your car to make an extremely small amount of money. It is an emotional thing and it makes your life more simple and low stress. My first car I ever bought I had a 2.9% interest and I was investing the cash I would have just given them and making about 7%. I realized after a few months it just wasn't worth a few hundred bucks to have a car payment in my life and just paid it off. Debt fucking sucks.

It just depends on what you value. If you already own a house and have minimal payment requirements, then why not drop money on something that will emotionally satisfy you.

You’re not buying a decent car for cash..Unless you happen to have more than 20k lying around that you can throw at a car. Out of warranty, old cars that you don’t know the history on will be all well and good, until they aren’t.

@@user-360johnnbelieve it or not, people that work and are mature typically have at least $20k.

That's why I tune in. Want to hear from someone who's made the mistakes. He's now worth multiple millions and is in no danger of bankruptcy anymore than I can see.

I don’t even like or follow Dave Ramsey but there’s a few ways to get it right, there’s many more to get it wrong.