Do You Really Come Out Ahead
Paying Cash for Your Major Purchases?
In Nelson Nash’s seminal book Becoming Your Own Banker, he states:
You finance everything you buy. You either pay interest or you give up interest you could have earned.
With this in mind, we have to ask ourselves: is saving up then paying cash the most efficient way to buy cars? In this case, we give up interest we could have earned.
What about financing cars? When we finance vehicles, we pay interest to the auto finance company or bank.
Is there a way to recapture that interest we either pay or give up? Take a look at the video below about auto financing and learn about how things like 0% financing really works.
(Video Source: Truth Concepts)
Our mission is to help your family and/or business realize its full financial potential. We help identify areas where money is getting away from you in the form of opportunity costs (taxes, fees, inaccessible cash) and bring that money back under your control.