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Buying vs Leasing vs Paying Cash For a Car: The Reality in 2026 · The Table with Anthony ONeal

• 0:00
  [SPEAKER_01]: Most people think that a car payment is just a part of life, but what if I told you that $750 a month, every single month, for almost six years, is one of the key things that could be still in your future, you're well, right?
• 0:13
  [SPEAKER_01]: And what if I told you that there is honestly a better way, one that actually builds wealth and freedom for you and your family, and washes.
• 0:22
  [SPEAKER_01]: It can eventually get you to where you're buying your dream car.
• 0:25
  [SPEAKER_01]: Well, today, on this episode, I am going to be breaking down the real numbers behind buying leasing and paying cash for your next car.
• 0:35
  [SPEAKER_01]: I'm not here, honestly, to sell you a dream.
• 0:37
  [SPEAKER_01]: I'm here to show you the facts.
• 0:39
  [SPEAKER_01]: the traps and the steps to real true financial freedom.
• 0:44
  [SPEAKER_01]: By the end of today's episode, you know exactly which option is going to be best for you, for your money, for your peace, for your legacy, and ultimately just for your wallet.
• 0:55
  [SPEAKER_01]: So I really want you to dial in and really rock out with me.
• 0:58
  [SPEAKER_01]: But I want to set the stage from the very, very beginning.
• 1:01
  [SPEAKER_01]: You see this year in year 2026.
• 1:03
  [SPEAKER_01]: The average new car payment is roughly about $750, about $707 a month.
• 1:10
  [SPEAKER_01]: That is honestly the truth where we are.
• 1:13
  [SPEAKER_01]: But for use cars, it's about 500 to 500 and $80 a month.
• 1:18
  [SPEAKER_01]: And if you're leasing, check this out.
• 1:20
  [SPEAKER_01]: You're still looking at about $660 a month on average.
• 1:26
  [SPEAKER_01]: Now, here is the kicker, right?
• 1:29
  [SPEAKER_01]: 20% of new car loans are now over $1,000 a month.
• 1:38
  [SPEAKER_01]: Depending on where you are, that is someone's mortgage payment.
• 1:44
  [SPEAKER_01]: Do you understand what I'm saying?
• 1:46
  [SPEAKER_01]: Like a thousand dollars a month, that is someone's more, as a matter of fact, that's close to my parents' mortgage payment.
• 1:52
  [SPEAKER_01]: Right now, it's all Carolina.
• 1:54
  [SPEAKER_01]: But here's what no one is telling you.
• 1:57
  [SPEAKER_01]: Most people are financing.
• 1:58
  [SPEAKER_01]: About 80% or 80% of new cars are purchased with a loan.
• 2:04
  [SPEAKER_01]: And 61% of Americans have at least one auto loan on their credit file.
• 2:10
  [SPEAKER_01]: So this isn't just normal, this is the system.
• 2:13
  [SPEAKER_01]: And the system is not designed to make you wealthy, it's designed to keep you in debt and honestly stuck.
• 2:21
  [SPEAKER_01]: So I want to break down real quickly, real quickly, what these payments really mean for your wealth, for your future.
• 2:29
  [SPEAKER_01]: And I'm going to trust that somehow my team can get these numbers up on the screens so you can see exactly what I'm talking about.
• 2:36
  [SPEAKER_01]: Let's go over number one.
• 2:36
  [SPEAKER_01]: Number one.
• 2:38
  [SPEAKER_01]: buying specifically with a auto loan, okay?
• 2:42
  [SPEAKER_01]: And this is what, honestly, most people do.
• 2:44
  [SPEAKER_01]: You put down a little cash, and you finance the rest.
• 2:48
  [SPEAKER_01]: And you sign up for right now in average we're seeing five to six years, but now you can do it up to seven years of payments.
• 2:55
  [SPEAKER_01]: Now, here's what some people will say the pro is.
• 2:58
  [SPEAKER_01]: You own the car at the end, but let's be honest.
• 3:02
  [SPEAKER_01]: Most people trade it in before it's paid off.
• 3:05
  [SPEAKER_01]: I think the average person is keeping their car about two to three years.
• 3:10
  [SPEAKER_01]: and they start the cycle over again.
• 3:13
  [SPEAKER_01]: Now the second way is leasing.
• 3:16
  [SPEAKER_01]: I'm gonna tell you about front, I hate the idea of leasing.
• 3:19
  [SPEAKER_01]: It's because leasing is basically renting a car for two to three years.
• 3:23
  [SPEAKER_01]: You get a new ride, lower payments, and then you hand it back in and you start all the way over.
• 3:28
  [SPEAKER_01]: So you never really own at the vehicle.
• 3:31
  [SPEAKER_01]: I call this a permanent car subscription bill.
• 3:35
  [SPEAKER_01]: you just keep paying before it over and over and over and it's just automatically a party alliance.
• 3:41
  [SPEAKER_01]: I hate that method.
• 3:42
  [SPEAKER_01]: Number three is the method that I love.
• 3:45
  [SPEAKER_01]: It is paying cash.
• 3:48
  [SPEAKER_01]: This is the path that most of you all will think is just honestly impossible.
• 3:52
  [SPEAKER_01]: But it's the only one that guarantees freedom.
• 3:56
  [SPEAKER_01]: No payments.
• 3:57
  [SPEAKER_01]: No entries.
• 3:58
  [SPEAKER_01]: no stress.
• 4:00
  [SPEAKER_01]: Well, I'm a pause right there.
• 4:01
  [SPEAKER_01]: Maybe a little bit of stress because honestly, you will have to honestly save and be intentional about saving to go pay cash for the car.
• 4:08
  [SPEAKER_01]: And here's a truth, you own your car.
• 4:11
  [SPEAKER_01]: You own your piece.
• 4:13
  [SPEAKER_01]: I have cars.
• 4:17
  [SPEAKER_01]: My luxury when it comes to what I splurves my money on is going to be car.
• 4:26
  [SPEAKER_01]: my house, and vacation, and now my health, right?
• 4:30
  [SPEAKER_01]: But I just have a car thin, like I just, I love it.
• 4:33
  [SPEAKER_01]: You know, I'm a car guy.
• 4:34
  [SPEAKER_01]: That's where I will.
• 4:35
  [SPEAKER_01]: If Anthony O'Neill gets into trouble, he's gonna get into trouble with cars.
• 4:40
  [SPEAKER_01]: I haven't gotten in trouble yet, because I mean, I'll even downsize from three cars to two cars, right?
• 4:45
  [SPEAKER_01]: Because I want to practice when I'm preaching, but I love a nice, exciting, luxury car.
• 4:50
  [SPEAKER_01]: This is family.
• 4:51
  [SPEAKER_01]: If your savings account is earned less than 1% you're literally donating money back to the bank.
• 4:57
  [SPEAKER_01]: It's the traditional savings accounts are paying pennies.
• 5:00
  [SPEAKER_01]: While high-year savings accounts are paying dollars.
• 5:04
  [SPEAKER_01]: And the gap is costing you real wealth every single year.
• 5:09
  [SPEAKER_01]: I'm gonna get real with you here real quick.
• 5:11
  [SPEAKER_01]: When $10,000 a regular bank might pay you $40 a year, but a top high you'll save the account, that's $400 to $500 a year, just for moving your money.
• 5:21
  [SPEAKER_01]: That's hundreds of extra dollars in your pocket.
• 5:24
  [SPEAKER_01]: No extra work, no risk, and your money stay safe, and FBIC ensure nearly one and four Americans have zero emergency savings, and most who do are missing out on free money.
• 5:38
  [SPEAKER_01]: By leaving their cash and lazy accounts, how your savings account is the fastest, simplest upgrades you can make to hit your emergency fund and short-term goals faster.
• 5:50
  [SPEAKER_01]: So, listen, stop letting your heart earn dollars stay lazy.
• 5:53
  [SPEAKER_01]: Visit anthonyonyles.com for satsavings, compare the best high-year savings accounts and open yours in literally two minutes.
• 6:01
  [SPEAKER_01]: Every extra dollar of interest gets you closer to financial freedom.
• 6:05
  [SPEAKER_01]: So, please do not waste.
• 6:07
  [SPEAKER_01]: Don't let another year go by earning pennies.
• 6:11
  [SPEAKER_01]: Go to anthonyonyles.com for satsavings.
• 6:14
  [SPEAKER_01]: Let your money start working for you today.
• 6:17
  [SPEAKER_01]: All right, let's keep that to the show.
• 6:19
  [SPEAKER_01]: I want to break down some of the numbers because I really want you to see what I'm seeing.
• 6:25
  [SPEAKER_01]: And as somehow if you can, let's put these numbers up on the screen so they can see it.
• 6:29
  [SPEAKER_01]: All right.
• 6:29
  [SPEAKER_01]: Let's say you buy, call it a say for $42,000.
• 6:31
  [SPEAKER_01]: Uh, yeah, let's do $42,000.
• 6:35
  [SPEAKER_01]: The average price.
• 6:37
  [SPEAKER_01]: right now is right around 40 to 44.
• 6:39
  [SPEAKER_01]: So we're going to do in the middle of 42,000.
• 6:42
  [SPEAKER_01]: The financing at 6.5% for 6 to 9 to 72 months and pay about 750 dollars a month.
• 6:50
  [SPEAKER_01]: All right.
• 6:50
  [SPEAKER_01]: So the numbers that you should see.
• 6:53
  [SPEAKER_01]: That's going to be clear here.
• 6:54
  [SPEAKER_01]: You bought a car for 42,000, which is the average car going right now in 2026.
• 6:59
  [SPEAKER_01]: The average rate is 6.5%, the average loan amount of time is 6.9, 7.2 months.
• 7:05
  [SPEAKER_01]: Let's say with the average payment, 7.150 dollars.
• 7:07
  [SPEAKER_01]: So number one, if you're buying it, you're going to put down about $5,000 to purchase the vehicle.
• 7:13
  [SPEAKER_01]: So that means you're going to finance about $37,000.
• 7:17
  [SPEAKER_01]: Then you're going to pay $750 a month for six years.
• 7:22
  [SPEAKER_01]: So your total honest payback is $54,000.
• 7:27
  [SPEAKER_01]: Plus, your interest and fees.
• 7:32
  [SPEAKER_01]: So at the end, at the end, you have a six-year-old car worth maybe $15,000, but you pay $54 plus $1,000 for it because you finance it.
• 7:44
  [SPEAKER_01]: Now let's bring it over to the lease right here next to it.
• 7:47
  [SPEAKER_01]: You're going to put $3,000 down maybe.
• 7:49
  [SPEAKER_01]: Your payment's going to be about $659 a month that's say for the next three years.
• 7:54
  [SPEAKER_01]: You're going to honestly get about maybe $5 to $10,000 per year depending on how much you find it.
• 8:01
  [SPEAKER_01]: Now you can get more miles, but if you get more miles, you got to put more down and you got to pay more on a monthly basis.
• 8:08
  [SPEAKER_01]: So at the end, you do not own the car.
• 8:14
  [SPEAKER_01]: higher assurance, gap coverage, mileage limits, and wear and tear fees.
• 8:21
  [SPEAKER_01]: Now the third category was where I live at is you pay cash.
• 8:25
  [SPEAKER_01]: You go and you buy a eight to 12,000 dollar cash car.
• 8:31
  [SPEAKER_01]: which I will call a reliable use card.
• 8:34
  [SPEAKER_01]: You have no payments, you have no interest, you keep your margin, you keep your peace, and you can take up every single day and go every single month without getting a bill in the mail for your card.
• 8:49
  [SPEAKER_01]: While others are paying anywhere in between $6.54 up to maybe $750 a month for purchasing it, instead of that money back to the bank, you're now investing that money and building wealth.
• 9:06
  [SPEAKER_01]: Let me show you a real quick illustration here on the screen somehow.
• 9:11
  [SPEAKER_01]: Person A pays $750 a month for six years.
• 9:15
  [SPEAKER_01]: That's $54,000 out of pocket.
• 9:18
  [SPEAKER_01]: In-sup with a six-year-old car worth about $15,000.
• 9:21
  [SPEAKER_01]: Person B drives a reliable $10,000 car at paid-and-cash saves an invest $750 a month for six years.
• 9:32
  [SPEAKER_01]: In-sup with $10,000 invested in assets
• 9:42
  [SPEAKER_01]: because here's my method.
• 9:43
  [SPEAKER_01]: I don't always want you to be in the eight to 10 to 15,000 of a car.
• 9:47
  [SPEAKER_01]: Now you're gonna start off with a Honda product.
• 9:50
  [SPEAKER_01]: They may be you go from a Honda product to like a BMW Mercedes product.
• 9:54
  [SPEAKER_01]: Then you will go from a BMW Mercedes product to wherever kind of car you want.
• 9:58
  [SPEAKER_01]: See, this is all about strategy and systems.
• 10:01
  [SPEAKER_01]: This is not about man, how do I have the best car from the very beginning?
• 10:06
  [SPEAKER_01]: This is something that we got to get out of.
• 10:08
  [SPEAKER_01]: Like, let me show you the story and the journey that I went from.
• 10:14
  [SPEAKER_01]: I went from when I first started learning about money, I went from a Ford Explorer to a Chevy Impala from a Chevy Impala to an Accoratelle
• 10:30
  [SPEAKER_01]: from an acuity L to a BMW, from a BMW to a Porsche Panamera, from a Panamera to a Bentley, the y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-y-
• 10:58
  [SPEAKER_01]: But as I have matured and evolved, why do I want to put myself through that much stress on a depreciating asset?
• 11:07
  [SPEAKER_01]: I have never paid more than what the car is actually worth.
• 11:11
  [SPEAKER_01]: So if the Bentley was worth, let's say at the time, because I bought it used about $200 and $2,000, I may be paid about $15,000 less.
• 11:21
  [SPEAKER_01]: Every time I trade in my cars, I've never honestly lost,
• 11:29
  [SPEAKER_01]: So here's my question for you, wish one sounds like real wealth to you, buying, leasing, or paying cash.
• 11:40
  [SPEAKER_01]: Now I'm not saying wish one is the best option for you.
• 11:43
  [SPEAKER_01]: I'm not saying wish one is the easier option.
• 11:47
  [SPEAKER_01]: I'm saying when it comes to being strategic and having a system for the year 2026, which one is going to help you get to your financial goals quicker?
• 11:59
  [SPEAKER_01]: Because here's what some of these influencers who, when I say, oh, go release a car so you can ride it off.
• 12:04
  [SPEAKER_01]: Police, here's what some of these sells people and the car industry people will not tell you.
• 12:12
  [SPEAKER_01]: Because they're going to try and sell you and all keep your money invested and all, you can ride it off, but here's the truth.
• 12:20
  [SPEAKER_01]: Car payments are designed to keep us stuck.
• 12:23
  [SPEAKER_01]: Because the longer you pay, the less you own.
• 12:27
  [SPEAKER_01]: leasing is even worse.
• 12:30
  [SPEAKER_01]: You're always paying and you never own it.
• 12:33
  [SPEAKER_01]: And you're locked into malage limits and fees.
• 12:37
  [SPEAKER_01]: Financing, financing, or car means you're paying the bank first, not yourself.
• 12:44
  [SPEAKER_01]: Honestly, that is not wealth.
• 12:46
  [SPEAKER_01]: That is bondage.
• 12:47
  [SPEAKER_01]: Unless we real, depreciation is guaranteed,
• 12:58
  [SPEAKER_01]: I'm going to say that one more time, depreciating when it comes to the car is 100% guaranteed.
• 13:06
  [SPEAKER_01]: But paying interest on that depreciating vehicle, that's optional.
• 13:13
  [SPEAKER_01]: every dollar you send to the bank as a dollar you can't use to invest and to build your future.
• 13:21
  [SPEAKER_01]: And that is one of the main reasons that keeps me from financing cars.
• 13:25
  [SPEAKER_01]: Is that man?
• 13:26
  [SPEAKER_01]: I want to make sure that I'm not paying any interest that is unnecessary.
• 13:30
  [SPEAKER_01]: I got to pay interest on my homes and my investments.
• 13:33
  [SPEAKER_01]: I got to do that.
• 13:35
  [SPEAKER_01]: but I don't have to pay interest on a watch.
• 13:38
  [SPEAKER_01]: I don't have to pay interest on a car.
• 13:40
  [SPEAKER_01]: I don't have to pay interest on jewelry and clothes and purses and vacations.
• 13:45
  [SPEAKER_01]: I don't have to do that.
• 13:48
  [SPEAKER_01]: But in order for me to not have to do that, I gotta be willing to do things differently to make sure that I can still have the nice things.
• 13:56
  [SPEAKER_01]: and I don't pay any interest.
• 13:57
  [SPEAKER_01]: Because when you pay cash, when we pay cash, you flip the script.
• 14:01
  [SPEAKER_01]: You keep your margin.
• 14:03
  [SPEAKER_01]: You keep your piece.
• 14:04
  [SPEAKER_01]: And you keep your options.
• 14:06
  [SPEAKER_01]: You're not just driving a car.
• 14:08
  [SPEAKER_01]: You're driving a car.
• 14:11
  [SPEAKER_01]: That is free.
• 14:14
  [SPEAKER_01]: I remember one time.
• 14:15
  [SPEAKER_01]: I remember one time, man.
• 14:18
  [SPEAKER_01]: one of my friends came up to me and she was paying $800 for the Mercedes car that it was it's a nice car.
• 14:27
  [SPEAKER_01]: It's like the crossovers.
• 14:28
  [SPEAKER_01]: It's not the big SUV.
• 14:29
  [SPEAKER_01]: It's not the cars like the Mercedes that looks really really really really nice.
• 14:33
  [SPEAKER_01]: It looks similar to the BMW X7 I want to say X6 X7 and unfortunately that Mercedes gave her some issues.
• 14:44
  [SPEAKER_01]: And she had to get the injury plays and the electrical replays for something.
• 14:48
  [SPEAKER_01]: I don't know why, but she was paying to fix the car and also still paying her payment.
• 14:59
  [SPEAKER_01]: I remember when my car went into the shop to Bentley had to go into the shop because when the springs went out and I was an expensive thing, but it felt good to be able to, all right, cool, I was going to cost me a couple of grand cool, here go a couple of grand, it's something to know when I get a car back.
• 15:15
  [SPEAKER_01]: I didn't have to worry about anything.
• 15:17
  [SPEAKER_01]: I didn't.
• 15:21
  [SPEAKER_01]: Because I flipped the script.
• 15:23
  [SPEAKER_01]: I am operating off of freedom.
• 15:27
  [SPEAKER_01]: And I care so much more about financial freedom right now than I care about anything else.
• 15:34
  [SPEAKER_01]: I am literally at this season right now to I really don't care what the world has to say about me.
• 15:39
  [SPEAKER_01]: And long as I'm doing what God has called me to do and what God has called many teach, I don't care.
• 15:43
  [SPEAKER_01]: I don't care.
• 15:47
  [SPEAKER_01]: I genuinely do not care.
• 15:53
  [SPEAKER_01]: I want freedom more than I want to be accepted.
• 15:58
  [SPEAKER_01]: I want peace, I want to go to my mailbox and look at my emails and receive emails and receive mail and note that there's nothing in there that is taken away from my future.
• 16:10
  [SPEAKER_01]: So that means I got to drive these cars like my luxury cars, man, I'm just going to keep them.
• 16:17
  [SPEAKER_01]: So I'm keeping them.
• 16:18
  [SPEAKER_01]: I don't need I don't need a new car every two years, it's just not what I need.
• 16:23
  [SPEAKER_01]: So I know let's get to the practical thing because I think a lot of people are asking
• 16:28
  [SPEAKER_01]: How do I get to what you're teaching?
• 16:32
  [SPEAKER_01]: Let me give you a step by step.
• 16:33
  [SPEAKER_01]: Here's exactly what I do and what you can do on a level that you're at.
• 16:39
  [SPEAKER_01]: Number one is you've got to set your budget.
• 16:43
  [SPEAKER_01]: You cannot shop until you know what you can honestly afford to pay.
• 16:50
  [SPEAKER_01]: You have to.
• 16:51
  [SPEAKER_01]: You got to sit down and say, you know what?
• 16:53
  [SPEAKER_01]: If I save for this year or if I save for the next six months, I can have 10,000, I can have 15,000, I'm making a half $20,000.
• 17:01
  [SPEAKER_01]: Okay, that's your budget.
• 17:04
  [SPEAKER_01]: Then what you're gonna do from there is you're gonna jump on auto trader or car gurus.
• 17:10
  [SPEAKER_01]: And you're gonna put max $20,000.
• 17:13
  [SPEAKER_01]: Don't put the kind of cars you want.
• 17:17
  [SPEAKER_01]: Just see what's out there for your budget.
• 17:20
  [SPEAKER_01]: Once you start seeing the cars at the out there, you start identifying what you like with the net price range.
• 17:25
  [SPEAKER_01]: Then the next thing you're going to do is go to anthemionil.com for slash car insurance and you're going to price out car insurance before you select the kind of car you want.
• 17:37
  [SPEAKER_01]: One of the biggest mistakes I remember when I bought my portion.
• 17:44
  [SPEAKER_01]: I bought my Porsche and then I was like, yo, I was excited.
• 17:50
  [SPEAKER_01]: I paid cash for it.
• 17:52
  [SPEAKER_01]: I was in love.
• 17:54
  [SPEAKER_01]: I went to call my insurance company to get them to go from the BMW to the Porsche.
• 17:59
  [SPEAKER_01]: I was paying $125 for the BMW.
• 18:04
  [SPEAKER_01]: And I go from a BMW to a Porsche Pan Amara, $310 a month.
• 18:14
  [SPEAKER_01]: Whoa, whoa, whoa, whoa.
• 18:17
  [SPEAKER_01]: Like I wasn't expecting it.
• 18:20
  [SPEAKER_01]: I did not know that because I'm going for a some of the sports utility to a true sports utility vehicle that insurance companies calculate that.
• 18:32
  [SPEAKER_01]: So I will suggest right now, even if you're trying to save money, even if you're trying to save money this year.
• 18:38
  [SPEAKER_01]: get a proper quote for car insurance.
• 18:40
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• 18:42
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• 18:43
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• 18:45
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• 18:50
  [SPEAKER_01]: That's car insurance.
• 18:51
  [SPEAKER_01]: You see most folks are overpaying by hundreds every single year just because they haven't checked their rate.
• 18:58
  [SPEAKER_01]: If you haven't shopped your policy lately, you're probably giving away money for nothing.
• 19:04
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• 19:07
  [SPEAKER_01]: The average driver is paying over $2,000 a year for car insurance.
• 19:12
  [SPEAKER_01]: I set that right, and rates have jumped up more than 30% in just the last couple of years.
• 19:16
  [SPEAKER_01]: But three out of four drivers never stop around.
• 19:19
  [SPEAKER_01]: So they stuck paying more for the exact same coverage.
• 19:23
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• 19:27
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• 19:41
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• 19:51
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• 19:53
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• 19:57
  [SPEAKER_01]: Go to hankonyoneo.com for assess car insurance right now and start saving today, all right?
• 20:03
  [SPEAKER_01]: Let's get back to the show.
• 20:04
  [SPEAKER_01]: So, get car insurance.
• 20:07
  [SPEAKER_01]: Next, next, we're not moving quick.
• 20:10
  [SPEAKER_01]: Next,
• 20:11
  [SPEAKER_01]: you're going to go to anthonyl.com for slash savings and you're going to open up a separate high yield savings account just for your car fund.
• 20:20
  [SPEAKER_01]: And every single time you get paid, you're going to put money into that car fund.
• 20:24
  [SPEAKER_01]: Well, why are high yield savings, Anthony?
• 20:25
  [SPEAKER_01]: I'm not going to be saving for too long.
• 20:27
  [SPEAKER_01]: Well, you're going to still get money every month.
• 20:29
  [SPEAKER_01]: So, don't put into a traditional account and it's going to pay you 0.4%.
• 20:33
  [SPEAKER_01]: No, set aside something to give you about, you know, in between 3 and 4% a month.
• 20:37
  [SPEAKER_01]: So, if you can get an extra $50, 100,000 in your account, why not get an extra $50,200 in your account?
• 20:43
  [SPEAKER_01]: See, strategy.
• 20:44
  [SPEAKER_01]: I'm like, all $50 is nothing.
• 20:46
  [SPEAKER_01]: Okay, but wait, if you're saving for three months, that's a $150 for six months, that's $300 for a year, that's $600 extra.
• 20:56
  [SPEAKER_01]: That is something.
• 20:59
  [SPEAKER_01]: That is something.
• 21:02
  [SPEAKER_01]: And then once you open the savings account, you're going to automate your savings.
• 21:06
  [SPEAKER_01]: Every single paycheck, you're going to automatically put it in here until your savings account.
• 21:11
  [SPEAKER_01]: Then as you are saving, I don't want you to wait until you get the money to go test drive cars.
• 21:15
  [SPEAKER_01]: Hey, start driving cars now, right?
• 21:20
  [SPEAKER_01]: I want you to start driving cars now, go, go test out see what you like, see what feels good.
• 21:25
  [SPEAKER_01]: And while you're test driving that, don't be in a rush.
• 21:28
  [SPEAKER_01]: If you're a car so that AC still got heat and you're saying, okay, cool, you save a little bit more.
• 21:33
  [SPEAKER_01]: Drive a car a little bit longer so you can save a little bit more so you can get what you really, really, really, really.
• 21:39
  [SPEAKER_01]: But when you're ready, the key thing is, buy a reliable, used car with cash.
• 21:46
  [SPEAKER_01]: No payments, no stress.
• 21:48
  [SPEAKER_01]: I remember when I bought my truck, I was like, oh, man, you should have bought new because you get all these extra benefits with this particular car brand.
• 21:58
  [SPEAKER_01]: And I was like, I'm not gonna pay it extra six figures on a car just so I can have access to that.
• 22:05
  [SPEAKER_01]: That's stupid to me.
• 22:07
  [SPEAKER_01]: And when I said it, I had to apologize because it kind of sounded like I was being disrespectful and calling that person stupid, but the thought of it was stupid.
• 22:18
  [SPEAKER_01]: I want the car.
• 22:19
  [SPEAKER_01]: I don't need access to this.
• 22:23
  [SPEAKER_01]: I don't need to be able to say, well, I am a part of this.
• 22:27
  [SPEAKER_01]: No, I just want the car.
• 22:29
  [SPEAKER_01]: I'm gonna let someone else who got extricatized or who is not smart, depreciate the car for me,
• 22:37
  [SPEAKER_01]: So I could draw the same car you're driving, but I pay thousands of dollars less than you.
• 22:45
  [SPEAKER_01]: And I don't have to worry about depreciation because the car is gonna depreciate, but I'm not paying the interest on it.
• 22:53
  [SPEAKER_01]: And that's what gets me.
• 22:55
  [SPEAKER_01]: We'll buy a car for 50,000.
• 22:59
  [SPEAKER_01]: But after interest over seven years, we're gonna pay about $70,000 for the car.
• 23:04
  [SPEAKER_01]: Then we'll be going to trade it in, it's only worth $15,000.
• 23:07
  [SPEAKER_01]: And we still got a balance on it of about $25,000, $26,000.
• 23:12
  [SPEAKER_01]: So this means half of you all who are financing the car right now, you're not financing your car, you're financing the last three cars you've had.
• 23:23
  [SPEAKER_00]: The system is designed to keep you stuck.
• 23:27
  [SPEAKER_00]: Period.
• 23:31
  [SPEAKER_00]: The system is designed to keep you stuck.
• 23:36
  [SPEAKER_01]: I'm reminded of the scripture, Parvars 22 verse seven, it says, the bar where it's slave to the bank.
• 23:43
  [SPEAKER_01]: It says the lender, but to the bank.
• 23:45
  [SPEAKER_01]: See, guys designed for us as freedom, not bondage.
• 23:49
  [SPEAKER_01]: Every dollar you keep out of a car payment as a dollar you can use to build wealth, to give generously, to sell one to your kids, to say for your kids, future and butty legacy,
• 24:03
  [SPEAKER_01]: I give you all when you hear Mercedes often this year, but I gotta keep saying that.
• 24:06
  [SPEAKER_01]: This isn't just about cars.
• 24:08
  [SPEAKER_01]: It's about your future, it's about your peace, it is about your purpose.
• 24:12
  [SPEAKER_01]: And you really can't fulfill your purpose if you're driving in debt.
• 24:16
  [SPEAKER_01]: And do not let your car payment steal your legacy.
• 24:23
  [SPEAKER_00]: I hope today's show may sense.
• 24:24
  [SPEAKER_01]: I hope today's episode may sense for you.
• 24:27
  [SPEAKER_01]: Don't let the world tell you that dead is normal.
• 24:30
  [SPEAKER_01]: Don't let a car-point payment steal your future.
• 24:34
  [SPEAKER_01]: If you're ready to break free, start today.
• 24:36
  [SPEAKER_01]: Open that same's account.
• 24:38
  [SPEAKER_01]: Set your goal.
• 24:40
  [SPEAKER_01]: Go get the proper car insurance, sure it's.
• 24:41
  [SPEAKER_01]: So you can save money and you can use that extra money going towards your car payment.
• 24:47
  [SPEAKER_01]: Listen to me clearly.
• 24:49
  [SPEAKER_01]: I did it.
• 24:52
  [SPEAKER_01]: When I was making 70,000 owns a year, I pay cash.
• 24:56
  [SPEAKER_01]: When I got into the six figures, I pay cash.
• 24:59
  [SPEAKER_01]: None of my companies into the millions, I'm still paying cash.
• 25:05
  [SPEAKER_01]: Still paying cash.
• 25:08
  [SPEAKER_01]: And don't forget that if you really want to have an automatic system that can walk you through on how to get there, hit go to anthoneo.com for slash app and download our new app called in the black.
• 25:20
  [SPEAKER_01]: We will honestly tell you, hey, if you say this much a month, you can have this much money to purchase a car by this particular day.
• 25:26
  [SPEAKER_01]: All right, listen, financial freedom is possible.
• 25:29
  [SPEAKER_01]: I want you to get your dream car.
• 25:31
  [SPEAKER_01]: Some of you all don't even care about a dream car.
• 25:33
  [SPEAKER_01]: Some of you all just want to be liable, nice car.
• 25:37
  [SPEAKER_01]: Let's get to it.
• 25:38
  [SPEAKER_01]: All right, should we have to do now?
• 25:39
  [SPEAKER_01]: Peace out.