Ali & Josh Lupo
Ali & Josh Lupo
🏡RE Investors
💸$100,000 debt paid off in 3 Years
👀 @forbes @goodmorningamerica
👇🏻Click Here👇🏻
With each year that passes the average payment for a new car steadily goes up and up 📈.
In a recent report from @bankrate it was found that the average payment for a new car in 2023 has eclipsed $715 per month with the average total amount being financed crossing over $41,000…
In 2018, we committed to not only paying off $100,000 of student loans but also taking a chance on early financial freedom. To do this, we knew that along with getting our housing payment to $0, we would need to do the same with our cars🚗.
We know that for some, luxury or high end cars bring them joy & is something they value. And if they have the *true* F-U money to do this? We say hell yeah, treat yo’self & go for it.
But the reality is, not all that glitters is gold and the data says many folks are highly leveraged when they take on a car loan & this can break their budget and keep them broke..
To gain financial freedom we knew that having an extra $600 a month back in our pockets meant an extra $7,000 or so a year that we could use to:
✔️Crush debt 💸
✔️Gain more cash flow💰
✔️Make 9-5 jobs 100% optional👌🏻
10% of take home income is usually the max amount we see recommended by finance experts in terms of a car payment that your household can afford.
We want to hear from you! What has your relationship with cars been & does the average payment
8Knowing whether a deal is a 💎 or 💩 often comes down to the numbers 🤓
Our deal analysis tool not only helps you analyze deals faster, it also comes with a glossary of real estate terms you should know 👏🏻👏🏻
8America runs on…debt 😬. There isn’t much that you cannot finance now. You can finance a pair of jeans, a pet, a college education, a car, a child, a vacation…you get the point😅.
To set the record straight, we are NOT against all debt and do believe that when used strategically (i.e rental property or business) a loan can be a great way to generate wealth, passive income and financial freedom.
Our focus for this post is not debt attached to assets but instead- consumer debt (aka the kind of debt that takes money out of your bank account instead of putting more into their wallets). Consumer debt is one of the fastest ways hard working people who make good incomes can be stretched VERY thin.
There is a financial crisis happening and it centers around the never-ending lie we are told: We “need” to spend money we don’t have, to buy things we don’t need, to impress people we don’t even know…
We didn’t grow up with knowledge about healthy spending related to debt. And we’ve busted our a**** to turn our lives upside down and put ourselves in a better financial position. We also understand people come from different situations and do not always have access to the same resources.
Bottom line?! We want more of your money to be YOUR money instead of being spoken for by a bank.
DISCLAIMER: This page is for educational purposes only. It d
8
👉🏼Follow @theficouple for all things real estate & personal finance🙋🏻♀️🙋🏼♂️.
With each year that passes the average payment for a new car steadily goes up and up 📈.
In a recent report from @bankrate it was found that the average payment for a new car in 2023 has eclipsed $715 per month with the average total amount being financed crossing over $41,000…
In 2018, we committed to not only paying off $100,000 of student loans but also taking a chance on early financial freedom. To do this, we knew that along with getting our housing payment to $0, we would need to do the same with our cars🚗.
We know that for some, luxury or high end cars bring them joy & is something they value. And if they have the *true* F-U money to do this? We say hell yeah, treat yo’self & go for it.
But the reality is, not all that glitters is gold and the data says many folks are highly leveraged when they take on a car loan & this can break their budget and keep them broke..
To gain financial freedom we knew that having an extra $600 a month back in our pockets meant an extra $7,000 or so a year that we could use to:
✔️Crush debt 💸
✔️Gain more cash flow💰
✔️Make 9-5 jobs 100% optional👌🏻
10% of take home income is usually the max amount we see recommended by finance experts in terms of a car payment that your household can afford.
We want to hear from you! What has your relationship with cars been & does the average payment
3 years ago
👉🏻 follow @theficouple for all things real estate & personal finance 🙋🏻♀️🙋🏼♂️
Knowing whether a deal is a 💎 or 💩 often comes down to the numbers 🤓
Our deal analysis tool not only helps you analyze deals faster, it also comes with a glossary of real estate terms you should know 👏🏻👏🏻
3 years ago
👉🏼Follow @theficouple for all things real estate & personal finance🙋🏻♀️🙋🏼♂️.
America runs on…debt 😬. There isn’t much that you cannot finance now. You can finance a pair of jeans, a pet, a college education, a car, a child, a vacation…you get the point😅.
To set the record straight, we are NOT against all debt and do believe that when used strategically (i.e rental property or business) a loan can be a great way to generate wealth, passive income and financial freedom.
Our focus for this post is not debt attached to assets but instead- consumer debt (aka the kind of debt that takes money out of your bank account instead of putting more into their wallets). Consumer debt is one of the fastest ways hard working people who make good incomes can be stretched VERY thin.
There is a financial crisis happening and it centers around the never-ending lie we are told: We “need” to spend money we don’t have, to buy things we don’t need, to impress people we don’t even know…
We didn’t grow up with knowledge about healthy spending related to debt. And we’ve busted our a**** to turn our lives upside down and put ourselves in a better financial position. We also understand people come from different situations and do not always have access to the same resources.
Bottom line?! We want more of your money to be YOUR money instead of being spoken for by a bank.
DISCLAIMER: This page is for educational purposes only. It d
3 years ago