Why I Don't Own A Car

This video is about not having a car, so why mention that, because a car is transportation, and more than anything its convenience. If I had a car back them I wouldn’t have had to wake up at 5am, and come home so late; things would have been a lot of better.

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1. Cars are affordable
– Now I remind you that I was in college and I was thought I couldn’t afford a car
– Because I didn’t have 10,000 saved up to buy the car that I wanted
– It was a red C-class Mercedes

And at the time I didn’t know that much about credit ( thank goodness )
– So my plan was to save up 10k and buy that car
– And it took me about 6 months to do it
– And the person I became saving up that 10k, didn’t want to spend it on a car

However, looking back
– I had a friend his name was Joey and he drove a Honda Civic from like 2000 or late ’90s I think it was
– And my other friend drove a muscle car
– At the time I didn’t realize that I didn’t have to buy a fancy car,I could have just bought my friend’s car for like $2000 dollars

2. So why don’t I have a car today
– In New york when I needed a car, I didn’t buy one because of my lack of knowledge
– And when I finally bought my first car, I bought hybrid and I made a lot of mistakes ( I sold that car by the way )
– But today I don’t need a car and that’s why I don’t have car ( but soon I will, and I’ll tell you what I’ll be buying )

Here the basic idea why I don’t need a car
– I live in the Dominican Republic and my mom lives in New York
– She comes here twice a year for about 3 months total
– When she’s not here I drive her car and when she is here I drive my friends car and motorcycle we have

But for the most part
– My advice is this, buy a car when you need a car
– If you have long commutes and you could have a better quality of life by having a car, then do it
– I’ll never forget when my friend told me, that having a car is not about fashion but its about having more control over your time

3. How I plan to buy my Next Car, what car is it and when will buy it
– I’ve learned from my mistakes, which I think a gift from God
– Because some people just keep making the same mistakes repeatedly

My next Car:
– I’ll pay cash for my car, buy a car that’s no more than half my annual income or 10% of my networth
– I’ll be buying a car that I like but more importantly, can afford
– This car isn’t going to be a burner (burners are cars that burn money like luxury vehicles you can’t afford and break down super quickly )

What car will it be
– I want a Lexus, maybe an RX but I don’t think I need that much car
– Second and third choices are Honda and Toyota ( CRV or RAV 4 )
– Either or is find with me

When will this be:
– You already know the answer, when I need one
– If I needed one today, and didn’t have the cash to buy what I wanted.
– I would go and buy what I needed

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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