4x4ord wrote:
^^^^ Another problem with Shiner’s advice is that it means making truck payments. I might have investments that’ I can cash in to pay for a new truck but I might not have an income and budget that allows me to put $1500 per month towards a $90K truck..... maybe I’m using that 1500 per month to make a land payment.
My comments were in reference to you saying that you would pay cash on a $90k truck. Although, even in this scenario, you would still be better to leave those investments in place rather than cashing them out to pay cash for a truck if you can get a loan below a 3% interest rate. If you have to cash in these investment, taking money away from your future self, then I would re-evaluate the need for a $90k truck and would probably wait until that land is paid off. My advice from before is all about using money wisely to your advantage over time, not foolishly just for instant gratification.
