August 3rd, 2009
Just when the idea of “Midnight Basketball” was long forgotten, I returned to the U.S. and heard about a new government program called “Cash for Clunkers.”
I shook my head and face from side-to-side to see if I was still among the living. Was this reality or merely a dream?
$4,500.00 from the government (our taxes) if you trade in your clunker and buy a new car.
In case you haven’t figured it out, I’m not in favor of this program.
First of all, I’m not for it because the U.S. taxpayer is paying the bill. Second, I’m not for it because when you’re in debt, the last thing you need to purchase is a new car.
Here’s something I learned years ago from Ted Nicholas, a man whose sold over $6.7 Billion dollars worth of goods; a man who was $96,000.00 in debt at one time; a man who lives in three countries during the year – with spectacular views of mountains and the ocean at each residence.
He told me, “A brand new car is the single worst investment you’ll ever make in your life.”
I didn’t like hearing this the first time I heard Ted say this. After all, the car I was driving was NEW. And so, even though I lost money on the “investment” before the ink had even dried, even though I’d lost money before driving off the dealer’s lot, I had to justify my decision somehow.
This was easy to do when talking to my accountant. He told me that because I got a “lease” I was saving money on taxes.
Pay a fortune in interest. Don’t own what you’re driving – but save money on taxes?
That’s idiot logic and premature e-gratification (similar to premature ejaculation). You’re blowing your load too soon – and in this case, you may be blowing your load before you even have one.
Truth: You don’t need a new car or a new car payment.
That’s no way to get out of debt. There’s a much better way to get around; a much better way to eliminate debt and enjoy peace of mind.
Imagine, no bills, no debt and no worries about how you’re going to make ends meet.
This includes no mortgage payments, no car payments, no rental fees, no leasing fees. Nothing.
Also imagine, if you can, having a home here and abroad – both of them fully owned by you.
The idea was nearly inconceivable to me years ago, when I was buried in debt – but today, well, that’s a different story.
Maybe having a home in more than one country doesn’t appeal to you. But being debt-free, FOREVER – if that has no appeal to you, then you must not have a pulse.
THINK, my friend. THINK.
And LIVE Debt-Free, Forever.
It’s a lot easier than you might think. Discover how today by going here.