Ep #19: Are Cars Truly a Symbol of Wealth and Status?
Are cars really a symbol of our wealth and status? While cars have been a coveted status symbol for generations, it's important to approach the car-buying process with a critical eye. So, in this episode, I’ll discuss how to make a smart car purchase.
Listen in as I delve into why people who drive nice cars don't necessarily have great wealth, as well as why it's important to remember that cars are an expense. You will get a closer look at the car buying process and learn why it's essential to do your research, what to be aware of, and more.
Listen to the Full Episode:
What You’ll Learn in Today’s Episode:
Why cars have always been a status symbol.
Why people who drive nice cars don’t necessarily have great wealth.
How to shift your thinking around car purchases.
Why it is essential to remember that a car is an expense.
How to make a smart car purchase.
The importance of buying a car within your means.
Why keeping your car maintained can actually save you money.
Ideas Worth Sharing:
“Many people who drive nice cars don’t have great wealth.” - Stanley Funches
“We have to shift our thinking from a car purchase being a status symbol to being an expense, and we have to treat it that way.” - Stanley Funches
“We want what we own to be far greater than what we owe.” - Stanley Funches
Resources Mentioned:
Millionaire Next Door by Thomas J. Stanley
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