This Element is an excerpt from Living Rich by Spending Smart: How to Get More of What You Really Want (ISBN: 9780132350099) by Gregory Karp.¿Available in print and digital formats.
¿
Think smart, think “transportation”: escape the car payment debt trap!
¿
Consumers figure, “I’ll always have a car payment. Everybody has one.” They don’t care what the car costs or how many years they’ll be paying it off. It’s the car payment debt trap: the never-ending cycle of financing automobiles. It robs many Americans of their wealth: They’re constantly funneling huge payments into assets that are plummeting in value.
¿
¿
- ISBN10 0137053398
- ISBN13 9780137053391
- Publish Date 1 February 2010 (first published 12 January 2010)
- Publish Status Active
- Publish Country US
- Publisher Pearson Education Limited
- Imprint Addison Wesley
- Format eBook
- Language English