@daveramsey: This is important to remember: keep the total value of things you own that have motors and wheels in them to less than half of your annual income. This will help to make sure you don't have too much of your net worth tied up in things that are going down in value.
Motors and wheels when you are self-employed are just tools
2026-06-01 17:26:02
79
Michael Sweigert :
you want him to go $20k in negative equity to pay off the truck loan?
2026-06-01 18:39:05
21
account1_91792118 :
76,200 annual income, drive a 71k truck. Still 20k to the good on it. New home, baby etc. Still have 1500 left after bills and investing
2026-06-01 18:40:40
14
maiden :
Who would pay that for a truck...CRAZY.
2026-06-10 14:09:50
3
John :
Well, here’s the thing “DAVE “ a used beater car is like four grand right now and then you get all the repairs and maintenance and BS that comes with that no one can afford to go to a buyer pay here which is cheaper than a dealer and the only other option you have is either from a person on ahh f side of the road or Facebook marketplace and there’s a reason things are called marketplace special you have to have a reliable vehicle in order to continue to make money you cannot have a vehicle that needs $10,000 with a repair that you gave $4000 for to get you to your job every day when you drive 50 miles for Work
2026-06-01 23:20:28
6
BestFarms :
when Will people learn cars are RARELY worth the money you spend on them. unless some rare super car, you are wasting $$
2026-06-01 16:46:44
29
Shampstero :
But is the truck providing income ?
2026-06-05 00:26:08
2
Luis Hernández :
Use that truck to your advantage it's a truck make it make you more money simple
2026-06-03 20:13:19
4
Jadams :
F that, I’ll finish paying off my damn truck
2026-06-03 01:28:39
3
Edgardo Brunel 🇺🇾 :
What if your vehicle goes up in value Dave?
2026-06-01 17:52:25
6
Krissy🫧 :
Guys I owe 35k on my truck that’s worth 17k what would be my best options?
2026-06-05 08:07:15
3
WhatsUp? :
Just make more money
2026-06-02 01:38:35
5
SSGAldridge :
it only goes down in value if you sell it
2026-06-02 14:43:22
6
VQRALPH :
I see motors and wheels as profits and assets uf you know what you buy.
2026-06-02 12:40:49
5
Jparsons350 :
Except a Honda fourtrax 🫣😂
2026-06-02 23:05:53
3
NostalgicShop :
$10 they’re trying to impress other people in their lives
2026-06-01 16:37:59
5
gerritkapp :
Half of net income?
2026-06-03 18:25:30
2
Faith & Fitness :
You also cannot build wealth if you have no transportation to work.
2026-06-02 11:30:10
4
Shannon :
How did he get that loan?!!! 😳😳😳
2026-06-02 20:01:22
2
UnluckyAmbition :
yeah I'll buy that truck I've been looking for one
2026-06-03 00:03:39
3
raidergirlblue :
The motor and wheels rule does not apply to collector cars but that's a rare , uncommon exception
2026-06-05 21:28:42
1
Trevor Hall :
Support and resistance are basically crowd psychology.
2026-06-02 17:05:52
3
Tania accent training :
It is not rediculous!
2026-06-02 16:22:17
3
Angela Irish Celebrant :
He basically answered his own question. I hope he took the advice.
2026-06-08 13:44:13
1
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