In this video, I’ll show you how to start investing for your future cars as opposed to saving the money in a traditional savings account. This method has the potential to save you around $88,000. I’m currently in the process of working through this strategy to help me lower costs one I achieve financial independence and early retirement. I’ll break down all of the math, how it works, some things to know, along with what my portfolio looks like so far.
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02:03 How To Buy A Car With A Savings Account
07:12 How To Buy A Car With An Investment Account
15:26 Investment Returns So Far
16:06 What You Need To Know
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Disclaimer: This video is for entertainment purposes only. Everyone’s situation is different so do your own research before making any decisions with your money. If you need help then contact a Certified Financial Fiduciary before trying anything that is mentioned in this video. I prefer a Fiduciary financial advisor that charges an hourly fee as opposed to an ongoing fee based on a % of your portfolio. Always remember that incentives determine the type of advice they give you so one that charges an hourly fee is less likely to be problematic.