30. Being Financially Tied to Your Car
A lot of people go broke because of their cars, said Janis. He told a story about one man who was driving a BMW with a $913 per month car payment, which he could barely afford. Add a couple hundred dollars in gas and the insurance, and he was basically paying $1,600 a month for a car.
It was more important to him than his house, so he downgraded where he lived to keep his car. In the end, that car destroyed his credit and left him broke because he couldn’t keep up his lifestyle and keep the car, said Janis.
Pages: Page 1, Page 2, Page 3, Page 4, Page 5, Page 6, Page 7, Page 8, Page 9, Page 10, Page 11, Page 12, Page 13, Page 14, Page 15, Page 16, Page 17, Page 18, Page 19, Page 20, Page 21, Page 22, Page 23, Page 24, Page 25, Page 26, Page 27, Page 28, Page 29, Page 30, Page 31, Page 32, Page 33, Page 34, Page 35, Page 36, Page 37, Page 38, Page 39, Page 40, Page 41, Page 42, Page 43, Page 44, Page 45, Page 46, Page 47, Page 48, Page 49, Page 50, Page 51
