GC996

The quickest way to millions is to make sure you don't buy a porsche that hasn't been properly serviced. Then invest the savings. 🙂

Marv

keep in mind that Ramsey is trying to set basic ground rules and keep it simple. Dave is not expecting people to buy a new home cash, but you can do yourself a huge favor by not buying a new car by financing most of (or even all of it}. The depreciation puts you upside down the moment you exit the dealer’s lot. Buy used and pay cash now and save/invest what you can until the day that the depreciation of a new car doesn’t impact your retirement.

Also, expensive toys like our cars should be bought with cash that is discretionary income. The exception might be when you can finance something for less than what that cash could earn in another investment. However, few people are in that situation. You first have to have the cash to invest and most people don’t live that way. They buy on credit and pay more than what the object is worth.

The worst are the people that tell you that their retirement plan lies in lottery tickets. Too bad the original Grimm brother’s fairy tails have been censored or rewritten so as to not scare people. Yes, the original versions have all been rewritten and edited.

Ramsey is just trying to reach the masses and improve their financial lives. Master that and you can move on to the next level.

peterp

I believe it was Ramsey who said "don't buy Twitter when all of your wealth is in Tesla stock and you need to take a $13b margin loan against that stock to finance it". Sure, that advice was quite specific, and applied to a rather narrow subset of the population, but sage advice nonetheless .

GC996

​​​​Very good advice.

Wonder what Suzie Orman would say?

philbert996

A person with a net worth of 235 billion should be taking financial advice from a radio host with a net worth of 200 million.

Okay

pulpo

pretty sure elon stopped listening to anyone except the voices in his head a while ago

wdb

Modded car went RNM at $26,246. Kind of a strange auction; the car is well modified, unusual colors, but 137K miles, and somehow got listed with what has to be the highest reserve ever for a .1 with that mileage. C&B seemed to indicate that the final bid was close enough that they would work with seller/bidder to see if a deal could be made.

Cab had 167K miles, 3 pedals, IMS done, sold for $14,110. There's your low water mark.

Type65

It is obviously someone's cup of tea, but I am really not a fan of the way that body kit looks on the arena red car. I think it just makes the front look off. I think as we have seen in the classifieds here there just isn't a ton of demand or willingness to pay for cars that have been obviously modified and/or track set up. There have been a few full blown track builds for sale on here in the last few months that have sat for a long time at prices around $40k including one with a rebuilt engine. It's all about the stock cars with reliability upgrades right now.

Wow that cab really is the low water mark, but honestly I don't think it was unfairly low. It is a bit rough with 167K miles and high cam deviation. It is also about as basic as it gets. Silver and very few options outside of litronics and heated seats. Even as a .1 that is a lot of risk to take on with unknown bore condition, etc. without being able to get eyes on it in person and get a proper inspection done.

motoo344

This is my point, Ramsey is for introduction to personal finance. I put everything I humanly can on CC and never pay interest, cards get paid off every month unless I am making a bigger purchase with a 0% promotion. I have few car payments, one of them is 0% interest, why on earth would I pay cash for that? I have another that is 2.5%, why on earth would I pay cash for that? Even with the market being nutty I still put money in it because I still have 30 years till retirement. I could pay off my cars but why bother with such low interest? I always make sure my cars with loans are never under water or anything we do buy we could pay off if necessary. No reason to pay cash for things unless you cant manage a budget or you just prefer to not have debts and there isn't anything wrong with that.

GC996

Looks like mileage is now being penalized.

But the arena red car is well sorted. He'll, the refresh mods alone are $30k. You get the engine for free.

pulpo

for 14 grand and everything included in the sale, that cab will make a great first Porsche for somebody.

the top comment made me chuckle: "That went cheap. I’d put 10k in bitcoin now, drive this thing like a maniac for a couple years"

Wtf

JP_Gervs

you should mixing them next time

GC996

Never seen so many 996.2 cars for sale on BAT all at once. Early bidding looks pretty strong. The 996.2 is such a great car. We will find out starting tomorrow what the bidders think.

pulpo

the atlas gray C4S with the aerokit is beautiful. new HWM for C4S even in this market?

GC996

996.2 with 11k miles went for $47,750 on BAT. More sales to watch this week. Market is paying up for low mileage. This car was a one owner car.