In this episode I talk about financing. Surprisingly, I haven’t touched on this topic much yet. But today, I got fired up about it.
Over and over again, I’ve come across people who have ruined their financial lives by financing a purchase they couldn’t afford outright. Making a big purchase isn’t about affording the payment, it’s about affording the purchase. Of course, I want you to afford the payment, but it doesn’t matter if you can afford a payment if you end up locked into a loan you can’t escape.
Don’t buy something you can’t afford. It’s as simple as that.