Dave Ramsey Guarantees If You Have A Car Payment, ‘You Will Be Broke Your Whole Life’ And Says The Average Millionaire Drives A 4-Year-Old Car With 41,000 Miles — Investing The Payment Could Make You $5 Million Instead

Despite being a self-professed car enthusiast, financial guru Dave Ramsey declares cars as a significant financial drain. Through a series of TikTok videos, he underlines the pivotal decision to purchase vehicles with cash and the financial drain posed by car payments. Ramsey compares homes, which generally appreciate, and cars, which depreciate, stating, “I guarantee you’ll…

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