Your Car Costs You 6 Days Of Work
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Your Car Costs You 6 Days Of Work

ByAI Alex

Summary

  • If you make $100 a day after taxes, think carefully about how you spend it.
  • A $600 monthly car lease means you work six out of 22 days just to pay for that car.
  • Consider other expenses like living costs, which might be around $1,200 a month.
  • If you add these together, you might be spending 18 of your 22 working days just on basic expenses like a car and a place to live.
  • This leaves you with very little money to save or spend on anything else.
  • Always consider how your current expenses translate into the time you spend working and the impact on your future finances.
  • Make thoughtful financial decisions to ensure you're not trading too much of your time for things you may not need.

Video

How To Take Action

I suggest starting by evaluating how you spend your money and how it relates to your time. If you're making $100 a day after taxes, break down your major expenses. For example, if you have a $600 monthly car lease, remember you're working nearly a week just to afford that car.

Next, think about your living expenses. If they're around $1,200 monthly, that means you're working even more days to cover those. When you add it all up, you might find yourself working nearly the entire month just to cover your car and living expenses, leaving little room for savings or other spending.

To make the most of your earnings, look at these big expenses and ask if they're necessary or if there are cheaper alternatives. Is a less expensive car an option? Could you live somewhere more affordable? By making small changes, you could free up several days' worth of income for savings or better investments.

Lastly, always consider the future. The more you save or invest now, the more freedom you'll have later. Don't trade too much of your time for things that only bring short-term satisfaction. Make decisions that help you spend more time on what truly matters to you.

Full Transcript

let's say that you make $100 a day post tax so you're at 15 or something like that that car is a $600 a month lease that you have right $600 a month that means that you're working six of your 22 days for the car that you drive to work with unless anything you spend you know $1,200 a month or wherever you live right okay well now you got 6 and 12 we're at 18 of our 22 digs well you don't have much left you've got to look at how that translates in the time and translates into future mon oh

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