[OVEREXTENDED] CONSUMERS [PERSIST] IN KILLING THEIR WEALTH

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  • Опубликовано: 13 дек 2024
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Комментарии • 45

  • @pamelaj25
    @pamelaj25 22 дня назад +9

    Hi Enrique. I am here from JB. I am also a CPA in Ohio but am disability retired. You are exactly right about a vehicle. I quit caring what people think a long time ago. They don't pay my bills.

  • @esflyfree7231
    @esflyfree7231 22 дня назад +7

    BEST advice, this needs to play on repeat for every young person of driving ages, till at least 30 plus years old. 👍🏻👍🏻👍🏻 Thank you 🇺🇸

  • @pinetree9343
    @pinetree9343 22 дня назад +3

    I bought a '72 Chevy Vega in 1976. Paid cash. Insurance in three years was more than the car cost. Even in my sixties, my insurance is still high. No accidents, no tickets. Why? Because it's all bovine squat. Get the states to mandate insurance and you can write your own paycheck. Insurance is a scam. Every single vehicle I've ever bought, has been with cash

  • @boxergirl7293
    @boxergirl7293 22 дня назад +5

    I’ve financed many cars when I was younger. Thank god I stopped buying anew car every few years. I’m so happy to be driving an old Honda from 2004 it runs like a top! I’m so happy that I made this decision ! My insurance is also really low. Thanks for the great content. ❤

  • @5deeplogic676
    @5deeplogic676 22 дня назад +3

    I have not had a car payment for about 30 years.

  • @Shalompaz-m7w
    @Shalompaz-m7w 22 дня назад +2

    Very good advice to young people, Only if they Listen, an really is good advice for every One, thanks Enrique.

  • @MPLSHoopsnetwork
    @MPLSHoopsnetwork 22 дня назад +3

    Enrique is on point with this entire assessment!

  • @maggiemoody2341
    @maggiemoody2341 21 день назад

    My husband will never see this.... But after a hurricane in Florida, He insisted we had to buy one model. Sienna. Toyota. There were only two. He vetoed a kiddy destroyed version. They didn't even wash it. There were toys, moss, and french fries. He felt insulted. The only other Sienna was 3 hours away. They screwed us on interest, price, broken promises. I feel insulted now.

  • @dews3340
    @dews3340 22 дня назад +5

    Thanks for sharing today. Stay healthy and safe 😂... from the Ozarks

  • @Desizgirl3
    @Desizgirl3 22 дня назад +1

    My husband drives 1998 Honda Accord. It's going into the shop for some maintenance this week. Totally worth the cost. We couldn't replace that vehicle if we wanted to.

  • @yourplumbingpal1225
    @yourplumbingpal1225 22 дня назад +1

    Brilliant message , great info. Same here, it is awesome to.just buy something you saved for and have no payment. Paid cars for maybe 20 years, not famcy cars but still paid a lot , should have stopped and let myself get ahead, did that and its soooo much better now.

  • @kennv7566
    @kennv7566 22 дня назад +5

    Good financial advice looking foward to more videos.

  • @sallyve3263
    @sallyve3263 21 день назад +1

    I like your new channel and I’m looking forward to many more interesting videos.

  • @rogersmith9705
    @rogersmith9705 22 дня назад +6

    Sound advice Enrique. 👍

  • @jonnyc4898
    @jonnyc4898 22 дня назад +1

    My last new car purchase was 20 years ago . I still have it and it felt great to pay her off after 6 long years . I'm 62 now and have lost the desire to be in the flashiest ,coolest, must have set of wheels. My once new Mustang and I are both becoming antiques haha Take care

  • @JFEnterprize
    @JFEnterprize 22 дня назад +5

    They know the boats sinking and probably gonna make every cents worth on the bankruptcy. 😮😢

  • @richardcaple9438
    @richardcaple9438 22 дня назад +1

    Excellent advice Enrique. We have the same over here in the UK. Keep up the good work Richie.

  • @jaya.0069
    @jaya.0069 22 дня назад +1

    Very good advice, wish I could've had this conversation decades ago when I was young & dumb!

    • @Shalompaz-m7w
      @Shalompaz-m7w 22 дня назад

      My Jeep 2006 Liberty, less than 100.000 miles ,love it.

  • @LindaBrekel
    @LindaBrekel 22 дня назад +4

    Interesting!! 👏 from Colorado!!

  • @user-yy9be9mi6n
    @user-yy9be9mi6n 22 дня назад +2

    Great info (or reminders). Thank you

  • @joflemig
    @joflemig 22 дня назад +3

    I have a 2005 Mazda Tribute that is beat up on the outside. I drive it everywhere, I don't care what it looks like. I also have a 2011 Nissan Maxima, I consider it my new car, lol. I don't drive it much, I put all my milage on my Mazda. I could well afford a new car, I could buy one cash. But why should I? I get from point A to point B, and that's all that matters to me.

    • @nightowl6811
      @nightowl6811 22 дня назад

      My 2017 lexus ct200h in excellent condition! Only 146,000 miles. Good enough for me.

  • @Anthony-e4h1q
    @Anthony-e4h1q 22 дня назад +3

    Thanks for the video 😊

  • @jaymellathomas7958
    @jaymellathomas7958 22 дня назад +1

    Hey thanks for your video…

  • @niccooliveira4441
    @niccooliveira4441 22 дня назад +1

    Your doing great

  • @barryetherton4889
    @barryetherton4889 22 дня назад +2

    You doing good, from Australia.

    • @oldbloke204
      @oldbloke204 22 дня назад

      Hello from South Australia.

  • @ZsuZsu0513
    @ZsuZsu0513 20 дней назад +1

    👏👏

  • @justinallport9789
    @justinallport9789 22 дня назад +3

    Greetings from the Arkansas Ozarks"

  • @joshualawrence7785
    @joshualawrence7785 22 дня назад +3

    I thought I was gonna get attention with my Monte Carlo SS 1984, had them alright older ladies just admiring “my dad had one of those” or “I loved those cars when I was younger” but mostly men compliments and offers to buy that’s it 😂

  • @nataliew1975
    @nataliew1975 21 день назад +1

  • @JimmyHat-k4t
    @JimmyHat-k4t 22 дня назад +1

    Good advice I spent alot on cars

  • @mickaelwilliams6129
    @mickaelwilliams6129 22 дня назад +1

    I have no peers...i care not what other people think .+

  • @nightowl6811
    @nightowl6811 22 дня назад +1

    Imagine, people have credit cards, car payments and mortgage all with high interest! F that! Pick only 1! Pick your poison

  • @denisegregory9115
    @denisegregory9115 22 дня назад +1

    Here from Jeremiah Babe...new sub

  • @ceasarwright7567
    @ceasarwright7567 22 дня назад +2

    No kidding .. had an alpina B7 and M8 Competition convertible and would get men talking to me about em all the time .... 0 Women LOL

  • @mckesler7189
    @mckesler7189 22 дня назад +1

    Were's Sid.

  • @victorkral723
    @victorkral723 22 дня назад +2

    Common sense Channel.People need instruction in finance, as they are not getting the education in schools, from family or the Govt.

  • @saltydog3394
    @saltydog3394 22 дня назад

    Thanks brother - we need to get you a clip so you can all hands free n shiiiiat.
    Question - would you recommend a financial advisor or a fiduciary as the FNG that is taking over for my retiring dude (who I didn't pick) is a jackass and I don't want that wanker near my account - total used car salesman (not that there is anything wrong with a car salesperson lol) but the total "up sell" during our review was complete trash - FTG

    • @enriquereacts88
      @enriquereacts88  22 дня назад

      If you don’t like your current administrator you have the choice is moving your money to a different brokerage of your choice. It’s your money no one will manage it better than you do