Road to a $30,000 Car recap: VOO beat savings, borrowing beat selling, and SPYI’s income paid the car loan off faster. Plus why car #2 comes sooner.
Category: Personal Finance
Round 3 of Road to a $30,000 Car: borrow against VOO or SPYI at 60% LTV and 8%? Real data on timing, interest, and balances at payoff.
Round 2 of Road to a $30,000 Car: sell VOO for the car, or borrow against it at 60% LTV and 8%? Real data on timing, interest, and wealth.
Round 1 of Road to a $30,000 Car, on real history: $500 a month in Ally savings vs VOO from 2021. Which hit $30k after tax first?
What is money for? A plain-English look at money’s real purpose, why money obsession backfires, and how to set your own “enough” number.
It feels like everyone borrows until they die. But the wealthy play a different borrowing game—and it’s one you can learn.
I wanted a convertible, not a new payment. Here’s how I used dividends and discipline to buy a fun car responsibly.
Wealthy people don’t buy cars with income. They use assets. See how a $100K portfolio can fund cars every 5 years—without starting over.
A reminder to my younger self: life becomes clearer when you turn down the noise, follow the blueprint of your design, and focus on what truly matters.
The market is dropping, but disciplined investors win. Stay the course, keep buying the dip, and rely on VOO, QQQ, and SCHD for long-term strength.