Dollars and Diagrams

How Much Does Your Car Really Cost?


Non-mortgage debt is essentially cancerous cells in your financial plan.  You want to get rid of them as quickly as possible and have a plan that hopefully they will never return.

Consider the individual that is constantly on the hamster wheel of having a car payment of $600.   They pay the car off just in time to purchase a brand-new vehicle and start the process all over.

Consider the opportunity cost of having a car payment versus investing.

Over a 20-year period, you will pay $144,000 in car payments.  If those same funds had been invested and averaged a 6% rate of return, you would $277,224.  That is over a $400,000 difference!

If you have a car note, get it paid off ASAP.  Build a plan to never have a car payment again!

#financialplanning #charlotte #medicaldevicesales #executivesandmanagement

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing.

LPL Tracking #1-05180451


College Planning

Disability Insurance

Estate Planning



Life Insurance

Retirement Funding

Roth IRA


Ready To Get A Plan To Conquer Your Finances Once And For All?

Your 1-Page Financial Fortress Blueprint Is The First Step. Click Below To Learn More.

graphic 10 actions to take

10 Actions To Take 10 Years Before Retirement

In this paper we discuss 10 actions you should take to develop and deploy a successful long-term wealth plan. It will help you make decisions about your financial journey today and well into your retirement chapter.

Success! Check your email inbox for next steps!

Pin It on Pinterest