<VV> re Reflections on newer cars
RWhitt1245 at aol.com
RWhitt1245 at aol.com
Sun Dec 26 16:04:49 EST 2010
I subscribe to the philosophy of talk radio financial guru Dave Ramsey. If
you have to finance a car (an item that goes down in value) you cant afford
it even if you CAN make the payments. He also says that if you dont have a
net worth of an least one million dollars you should not buy a new car
period, only used ones.He also says that you should not have more than 15% of
your yearly income in cars and recreational vehicles. Im glad I heeded his
message about no debt eight years ago. I would have been screwed with this
economy as the manufacturing plant I worked for that was open for 50 years
closed 2 years ago. As to the fair tax it will NEVER happen. To many
people making money on the system we have now. Glad Iknow enough to keep my old
cars running, even my Corvair
Ron
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