General Discussion

tabbycat31

(6,336 posts)

55. That depends on the car

Fri Dec 19, 2014, 08:11 PM

Dec 2014

With some cars, a 2-3 year old used model is nominally less expensive than a new one (Subaru is a good example). If the difference between a used car with 40K miles and a new car is $2000, then I'll just get the new one.

(I'm not a typical car buyer, I hate payments and will drive the car into the ground).

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Everything You Thought You Knew About Personal Finance Is Dead Wrong—Here's the Truth: [View all] HughBeaumont Dec 2014 OP

I have watched the Suze Orman show - I sure hope folks are not taking her DrDan Dec 2014 #1

Well put. Snarkoleptic Dec 2014 #7

Always Reminded Me Of An Early Steve Marting Routine ProfessorGAC Dec 2014 #11

She was homeless for a number of years. yeoman6987 Dec 2014 #53

I'm an accounting major and I've found the advice Suze Orman gives is laughable at best. Initech Dec 2014 #13

And most Americans never took those classes... So if that where they get that basic advice. Agschmid Dec 2014 #18

I don't think her advice comes close to the elementary economics and accounting courses DrDan Dec 2014 #24

Most of what she says applies to 99% of the population joeglow3 Dec 2014 #42

As a 15 year CPA, I find her advice great, joeglow3 Dec 2014 #41

Her advice in sum: Give ALL of your money to Wall Street Yavin4 Dec 2014 #25

Suzy can be very harmful 4Q2u2 Dec 2014 #28

those are excellent links for anyone considering advice from Suze DrDan Dec 2014 #30

So let me see if I've got this right ... 1StrongBlackMan Dec 2014 #52

Great article Orrex Dec 2014 #2

It is like everything else right now TBF Dec 2014 #3

Wage theft affects all of us, especially our futures. HughBeaumont Dec 2014 #8

+++ marions ghost Dec 2014 #9

Exactly. Because we don't have capitalism. We have inverted socialism. raouldukelives Dec 2014 #21

+1000. HughBeaumont Dec 2014 #23

No, we DO have Capitalism, REAL Capitalism, not the fantasy capitalism of Capitalist Propaganda. Odin2005 Dec 2014 #35

I don't think we are living in Adam Smith's fantasy. raouldukelives Dec 2014 #58

While I don't think anyone has the.. sendero Dec 2014 #4

Absolutely true - but the fact is that you are focusing TBF Dec 2014 #17

Nobody.. sendero Dec 2014 #48

The Federal Reserve huh? TBF Dec 2014 #49

Bravo!!!! forthemiddle Dec 2014 #27

My financial decisions are based on one simple question. hobbit709 Dec 2014 #5

You may be spending too much. yeoman6987 Dec 2014 #54

Spending too much? That would be almost funny on $952/mo. on Social Security hobbit709 Dec 2014 #57

I think teaching some financial literacy in HS home-ec is a great idea phantom power Dec 2014 #6

Millions of people need to be schooled in the sort of "simplistic solutions" that Orman, dawg Dec 2014 #10

Yep. MissB Dec 2014 #22

Personal finance is actually fairly simple. yellowcanine Dec 2014 #12

All very good advice! MissB Dec 2014 #16

I would add (6) never lease a car. Nye Bevan Dec 2014 #31

Leasing is similar to buying a new car financially. yellowcanine Dec 2014 #44

That depends on the car tabbycat31 Dec 2014 #55

Back when I was in the mortgage business I had a client that was waiting for his house to be built. bluesbassman Dec 2014 #14

That also shows that credit rating is a bit of a scandal as well. yellowcanine Dec 2014 #15

It really is. bluesbassman Dec 2014 #34

Interesting. So his actual history was irrelevant? Mariana Dec 2014 #19

Well it is for part of the credit history. bluesbassman Dec 2014 #29

This is where I agree with Ramsey: don't worship at the altar of the FICO score joeglow3 Dec 2014 #39

Yes, except it can affect other financial areas of ones life too. bluesbassman Dec 2014 #40

Teaching people about the power of unions, general strikes, comfortable minimum wages, etc.? hunter Dec 2014 #20

Encouraguing people to "invest" is a way to bind them to Capitalist explotation. Odin2005 Dec 2014 #36

hmmmmm, most people's single biggest capital gain in their lifetime will be the sale of a home. Is kelly1mm Dec 2014 #51

I'm talking about stocks and bonds, not land. Odin2005 Dec 2014 #56

This personal finance thing is a trap nichomachus Dec 2014 #26

It's a world that the average person has no idea about and no time to study. HughBeaumont Dec 2014 #33

This "financial literacy" stuff is just a new way to blame the poor for being poor. Odin2005 Dec 2014 #32

+100. They spend money to have a few middle class people teach financial literacy NewDeal_Dem Dec 2014 #38

K&R NewDeal_Dem Dec 2014 #37

Hey, Hugh, didn't know you were still around. K&R. nt raccoon Dec 2014 #43

Glad to have been missed! It was a busy fall/winter. HughBeaumont Dec 2014 #45

Reads a lot more like opinion than truth Township75 Dec 2014 #46

Hate to say it, but someone who offered sound financial advice to the 99% would not be Marr Dec 2014 #47

"hypnotically un-sexy".. sendero Dec 2014 #50