"My Coworker Has $3000 In Car Payments Every Month"

xtra rich

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Transcript

00:00I just got this dude a job in the oil field and he got his first check and not a

00:04couple days after

00:05I got a picture of a new Ford Raptor and he said how you like it man and I said

00:09hey I don't like

00:10it at all actually I was like you know it's a cool truck but uh you should just be eyeballing

00:15that shit on the lot I was like it shouldn't be in your driveway right now I had to explain

00:18it

00:18it's a young cat man young cat and uh I had to explain to him what debt to income is

00:23and I was

00:23like motherfucker you now can't afford a house bro I was like I hope that truck's real fucking

00:28comfortable because you're going to be sleeping in it man that breaks my heart you know to see

00:32young dudes get out here and start making good money for themselves you know maybe when they

00:36start out they're only making like take home four or five six thousand bucks a month or something

00:41bro you do not need a three thousand dollar truck payment I promise you and before you're like oh

00:47that that's not realistic Cody three thousand is too much this dude paying twenty two hundred plus

00:52insurance twenty two hundred plus insurance do you know how much insurance is on a brand new

00:57fucking truck an eighty thousand dollar truck whatever the fuck it is tell you one thing it's

01:01more than both of my houses combined he could have made the mortgage payment on my rental property and

01:07my primary home for the cost of a truck you know what's even more silly he has a fucking work

01:12truck

01:13he has a work truck you don't need that raptor to go to work oh my god man it breaks

01:19my heart dude

01:19because these people just throw their whole lives away they throw their lives away for a fucking vehicle

01:25that nobody cares about man people laugh at me you know when I tell them I live and die by

01:30my

01:30corolla man my toyota corolla I got a 2023 it's almost paid off now it is sitting in my garage

01:36my

01:36pimp mobile man that's what I call it I don't need that raptor I don't need that longhorn I don't

01:40need

01:41nah yeah he's making a great point for a guy who you know is just getting into money and I

01:46get it we've all

01:47seen it before you know people who just happen to some money when they've had nothing and they've

01:53you know happened to stumble upon you know a load of money you know he said he's making four or

01:59five

01:59six thousand dollars a month um not bad not bad right not bad um if he came from basically having

02:07nothing that that's a hell of a lot of money to him you know that's a whole lot of cash

02:11that is that

02:12is a boat load of cash and he's like yo I saw I saw I saw that truck I saw

02:17that truck I can actually

02:19afford it now I can actually afford it now and a lot of people have gone through you know uh

02:24situations and circumstances like that but the key is what are you going to do after the fact

02:32because a lot of people run into this this kind of moment we've seen it a thousand and one times

02:37right typically is with you know a bunch of athletes right we we've all heard the stories

02:43you know uh NFL players typically go broke three years after they're done playing same about the same

02:48situation with NBA players as well because they you know people kids are like 18 19 well I guess not

02:5618 anymore 19 20 21 22 23 and now they're making millions of dollars all of a sudden just out

03:04of

03:04the wazoo and it's like yo whoa I got M's let me get that Ferrari I'm gonna get that new

03:12Lambo

03:12the Revualto right let me get the uh SF90 let's go on the shot let's hit up hey hey baby

03:21you want

03:22you want some Louis Vuitton I got you don't even worry about it that purse 600 man that's nothing

03:28that's light light man buy a more expensive one yeah it's cool a thousand it's nothing it's nothing

03:34yeah it's nothing when it's just one purchase but those stack up one after another after another

03:41after another after another and if that cycle is never broken then you look back and you're like

03:46hold on wait a minute where the did all my money go

03:51it was in all those little purchases it was in all those monthly payments for that truck

03:55it was in all those month it was in it was in all those different payments for the truck the

03:59house

04:00the shoes you know this that this this this that and the other and before you know it everything is

04:05gone everything is gone so I get where he's coming from like not a smart purchase obviously not a smart

04:15purchase right like you said the deck to income is is it's gonna be huge if you want to purchase

04:19a

04:19house if you're looking into purchasing a house you probably shouldn't buy a brand new truck

04:23terrible idea okay um and typically purchasing a new car is a bad investment in the first place

04:33the moment you drive the average brand new vehicle off a lot you've already lost your money

04:38right um cars now I mean their their value absolutely tanks absolutely tanks realistically if

04:45you want a new car you should buy a car that's three years old bare minimum bare minimum if you

04:51want

04:52a new vehicle right three years old that's still an up-to-date car it's not crazy old it ain't

04:58like

04:59you got the the 1990s model right you could buy a 2023 vehicle that is pretty much brand new still

05:09right might even have the new car smell on it still depending on who the previous owners were

05:14right so there's ways to go about it but I feel like a lot more people than what we would

05:23like

05:23to acknowledge as a society actually do this exact exact same thing they get some money and they spend

05:31it the key is who's able to get that out of their system and snap back to reality at least

05:39in my humble

05:39opinion are you able to snap back to reality and like all right let's buckle down let's get back to

05:44work I've got that that that itch you know like when people say yeah that money's burning a hole in

05:50your pocket huh for some people it really does like man I got some I got some cash but I

05:55want to spend

05:56some I never had this opportunity I've been seeing this person that person that person that person

06:00this person that every every I've seen everybody buying stuff which is another problem with social

06:05media right um I've seen everybody buying stuff now it's my turn cool get your turn brother but snap

06:13back to reality because that ain't life have your moment I ain't saying I ain't trying to be the fun

06:18police right I don't want to be the fun police go go ahead and buy your truck I'm gonna tell

06:24you it's a

06:24bad purchase it's pretty stupid but once you do it snap back to reality and get back to work buckle

06:30down

06:30might be a couple of days out of the week where you might have to eat some some ramen noodles

06:34and

06:34whatnot just to save on some expenses but that was your choice don't do it again you've got it out

06:40of your system now let's buckle in that's the way that I see it y'all let me know if

06:46I'm approaching

06:46it the wrong way like I said once again I want to emphasize this this gentleman is right buying a

06:52brand new truck is a horrible horrible idea but I get it on the other side where people are just

07:00like

07:00man this money is burning a hole in my pocket it's burning a hole in me you know I get

07:05it I've

07:06seen it a thousand and one times a thousand and one times snap back though that's the key you gotta

07:11snap back live and die by my Corolla man my Toyota Corolla I got a 2023 it's almost paid off

07:17now it is

07:18sitting in my garage my pit mobile man that's what I call it I don't need that Raptor I don't

07:22need

07:22that Longhorn I don't need that King Ranch because I'm buying houses and shit I'm trying to do better

07:27for myself but people get caught up in that I want to look like I'm making money y'all can

07:32just

07:32make money y'all know that right like you can now he it once again he's definitely got the right

07:38idea

07:38he's he's doing this gentleman here is doing it the smart way he already said he has an investment

07:42property in additional to his his personal property so he spent some of his cash to buy an investment

07:50property that's now generating him cash flow on a monthly basis and he's working towards buying

07:56another one see that he's doing it the smart way 100 100 make money and still be wearing the

08:03same clothes you had three years ago still be driving the same car you had three years ago

08:07y'all be broke trying to look rich man you will drive yourself to being poor trying to look like

08:14you're wealthy now that's facts that's facts in the way that I see it there's there's really no point

08:21they're trying to keep up with the Joneses right as they say because at the end of the day there's

08:27always going to be somebody with a bigger house than you there's always going to be somebody with

08:31a better car than yours or a more expensive car than yours there's always going to be somebody with

08:35a more expensive watch than yours with a bigger chain or bigger necklace than yours so like unless unless

08:42you're Elon Musk and you got that kind of cash where you just can drop you know billions on somethings

08:49you know an amount of money that folks couldn't even dream of reaching what's the point what's the

08:57point yeah you bought that million dollar house okay Elon can go build a 10 billion dollar house now what

09:06his 10 billion dollar house it makes your million dollar house looks like a 50 dollar house yeah I said

09:1450 50 not 50 000 because a 10 billion dollar home would would most definitely make a million dollar

09:20home look worthless I don't even know what I don't even know what that would look like but it would

09:27be

09:28absolutely ridiculous it would be huge probably made out of gold because I mean 10 billion crazy

09:38uh yeah that that that house would be insane it would make that million dollar home that that that

09:45that that you done dreamed of you know that you fiend over that you had to get to keep up

09:52with the

09:52Joneses it'll make it look like it's worthless now what oh oh you you you bought you bought that new

09:59Raptor truck yeah Elon comes through in a 10 million dollar Bugatti that's one of one

10:08congratulations you played yourself now what and he paid cash for his you making monthly payments

10:16barely barely uh uh barely making them at that struggling he paid cash he having fun I mean tearing it

10:24up you see what I'm saying so at the end of the day at the end of the day this

10:31is the way that I see it

10:33if you're making the purchase simply because you yourself want to make the purchase not because of what

10:39somebody else got or somebody else told you or or you necessarily trying to keep up with the Joneses

10:46but you're making it because it's something that you always wanted fine make the purchase but snap back

10:53to reality as soon as you do it though get it out of your system burn that cash because we

11:00know you

11:00really want to right burn it go ahead go ahead make make that big purchase that's irresponsible but as

11:08soon as you do it snap back to reality and realize now it's time to buckle in now it's time

11:13to buckle in

11:15that was the purchase you always wanted be happy with it but lock in now

11:22and understand that that was a bad investment because you could have had a rental property

11:27possibly or you could have had you know a stock portfolio or you could have had you know something

11:33else that was going to generate you cash rather than you shoveling it out the door

11:40but go ahead so where did I see it so where did I see it y'all let me know

11:45if you feel the same

11:46way in the comments below stay safe out there peace and love I'm out

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