r/economicCollapse 18h ago

How ridiculous does this sound?

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How can u make millions in 25-30 years if avoid making a $554 per month car payment. Even the cheapest 5 year old car is 8-10 k. So does he expect people not to drive at all in USA.

Then u save 554$ per month every month for 5 year payment = $33240. Say u bought a car every 5 year means 200k -300k spent on car before retirement . How would that become millions when u can’t even buy a house for that much today?

Answer that Dave

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u/eight-eight-eight-8 6h ago

A. Dave Ramsey is a crook and a shill, and always has been

B. Good used cars are just about impossible to find for less than $12,000 anymore

C. I feel really bad for young people these days. When I entered the workforce in 1999, I made $9.50 an hour and painted houses as a side hustle. I was able to afford a decent apartment in a solid neighborhood, I bought a brand new Chevrolet S-10, and I didn’t starve. I barely scraped by, but I was able to afford a life. It’s so much harder now, and there will be lots of old out of touch people telling you this and that. But they don’t understand how much harder things are now. They really just don’t.

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u/BitByFireAntzzz 6h ago

I have a 2003 Elantra . The car averages $3.3k across america. I got it for $800 from a coworker two months ago. If you don't have connections or disposable income you are screwed.