#atlantamoney

[whycryovermoney]

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With average car payment in America being $500 a month, we are literally throwing our wealth away every month on a vehicle that is going down in value.⁣⠀ ⁣⠀ For something to be $30,000 and turn in to $10,000 over 5-6 years due to depreciation and you incurring that loss every so often is a bad idea financially. ⁣⠀ ⁣⠀ You would never be willing to take $30,000 from your bank account or retirement and wilfully let it turn into $10,000. Shoot, I know people who are afraid to invest $1,000 because they don't want it to go down in value but these same people willing to drive a $20,000 down to $0 value⁣⠀ ⁣⠀ Not just the value but also your income is tied up, making payments for the term of the agreement. That $500 a month could do so much more for your household than serve as a car payment. You could pay off debt, build your savings, invest, give your family a little bit more financial wiggle room, etc. ⁣⠀ ⁣If you want to build wealth or at a minimum, obtain financial freedom, please get out of the cycle of car payments. Car payments and student loans are going to create more poverty if we don't aggressively attack them and break free from these chains of debt. ⁣⠀ ⠀ Thanks @Pachecks2Power⁣ for sharing..⠀ ⠀ Follow @WhyCryOverMoney for more content like this 3x a day💯💯⠀ ⠀ #DebtFree #debtfreegoals #debtfreeliving #debtfreedom #debtfreelife #debtfreejourney #debtfreecommunity #cardebt #financialfreedomjourney #financialfreedom #financialfreedomstartshere #blackwealth #blackwealthmatters #atlantamoney #atlanta #financialcoach #cashisking #wealthmanagement #budgeting #financialadvisor #whycryovermoney #creditcard #debtsnowball #livingonabudget #budgetlife #Budget #buildwealth #wealthbuilding #daveramsey https://www.instagram.com/p/CC3oAhahKdY/?igshid=4wvx7dwnq85f

[nastyguytrey-blog]

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