Monday, May 08, 2023
Buying a Car: Behind the Numbers
In this episode, Lauryn and Chloé discuss a purchase people make that often puts them in a hole they don’t need to be in—buying a new car. End-of-the-year car sales are here, but do you really need a new car?
In this episode, Lauryn and Chloé talk about:
- The real costs of buying a house
- How being approved for a mortgage doesn’t necessarily mean you can afford it
- Why “new construction” doesn’t mean no additional maintenance expenses
- Why your mortgage payment may not stay the same for 30 years
- Things to consider before deciding to buy a house
- The expenses involved in selling a house
- The importance of thinking about your other expenses and goals when thinking about homeownership
If you want to further connect with Lauryn Williams:
Instagram: @worthwinning
Twitter: @worth_winning
Facebook: @worthwinningfp
LinkedIn: @lauryn-williams
If you want to connect further with Chloé Moore:
Instagram: @financialstaples
Twitter: @finstaples
Facebook: @finstaples
LinkedIn: @chloemoore
Shared quote:
“I had more clothes than I had closets, more cars than garage space, but no money.” -Sammy Davis, Jr.
RESOURCES MENTIONED:
- Inside Car Leasing and Careers in the Car Business with Wonnell Godfrey
- Pros and Cons of Leasing or Buying a Car
- The ‘bummer’ of the $7,500 electric vehicle tax credit: Its full value may be hard to get
- Electric Car Maintenance: Everything You Need to Know
- Are electric vehicles really better?
- The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Lauryn is hosting two Welcome to Wealth financial retreats this summer for young professional women. Want to go on an adventure and create a financial plan for your life? Learn more at the links below.
• Medellin, Colombia July 2023
• Bali, Indonesia August 2023
Hi, I'm Lauryn
Certified Financial Planner
Welcome to the Worth Listening podcast, where we focus on having positive and productive conversations about money.
Interested in being a guest on our show? Email us today at podcast@worth-winning.com! We'd love to hear from you.