This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Always be able to pay cash
I’ve only bought one car during my lifetime, but many people around me have consistently bought cars, so I’ve had the opportunity to digest many lessons from their experiences as well as my own, which I will share with you in this article.
The Lessons
1. Never buy a car that exceeds your net worth
2. Never buy a car that compromises your financial goals
3. Never buy a car that you couldn’t afford to pay with cash
4. Never buy a car that causes financial strain
5. Never buy a car that forces creativity
6. Never buy a car if you don’t have to
The car purchase is an emotional experience. Retain logic and think long-term to make the best decision for your finances.
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This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.