If It Has A Motor In It - It Should Only Be Worth HALF of Your Salary
This is some great Dave Ramsey advice. It’s really easy to become car poor these days with the many options and variables. But, the rule of thumb is that all of your cars and recreational vehicles (anything with a motor) should add up to 50% of your salary if you’re making a payment on them. For a depreciating asset like this, you shouldn’t be spending all your money on something like this.
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