“If they're doing $250 a week, that's $250 plus the $600, that's $850, right? That's effectively could be allocated to the car. $850 times $52, yeah, that's $44,000 a year. I can within the next 12 months, they could probably wrap up that car loan and be done with it.”
Glen James · WWGD with Glen James · young, living remote and on $240k, is this the life?
Play from 1:11:22
1:11:22
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What was described
Allocate $850 per week (car payment + surplus) to pay off the car loan within 12 months
$850 weekly; $44,000 per year; payoff in 12 months
Said nearby on the same subject
“Then our reason for living, then if we can now pay the car off, that zero a week, we go back to this cash flow, there's an extra $269, and then we just do the $850 a week that we were paying on the car that goes direct into savings, and then within two years, we have effectively, so $850...”
GJ
Glen James
WWGD with Glen James ·
How they work$850 weekly; $88,000 in about two years; target $100,000Share this moment
“I had 14 cars that I owned before I left year 12… they were $1,000, $1,500 cars… I'd put rego, tyres, detail and sell them.”
TH
Todd Hunter
Australian Property Investor ·
How they work$1,000-$1,500 purchase price per car; 14 cars owned by age 18Share this moment
“Don’t co-sign… pay off the car early as a gift… you shouldn’t have borrowed money on it”
“I'm going to put $480 in the horse account automatically every week. And then the car, I'm going to put, so it's $10,000 divided by 52, $192, $192 every week in a separate car account.”
GJ
Glen James
WWGD with Glen James ·
How they work$480 weekly to horse account; $192 weekly to car account; $619 left ov…Share this moment
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