Dave Ramsey

Well, you're obviously new to our stuff and to this show.

We teach people the shortest method to wealth is to get out of debt and stay out of debt because your most powerful wealth building tool is your income.

If you take the average car payment of $700 a month and you invested that from age 32 to age 67, you'd have over $7 million.

That's what the car payment costs you.

And if you want to ensure that you stay at the middle class level or lower of wealth, keep a car payment your whole life.

And that will make sure that you stay there.

And so that's the framework that you walked into with this question.

And so what is the motorcycle worth?

I would say anywhere from $4,000 to $5,000.

Okay.

All right.

And I'm assuming you have no money?

Well, I have about $12,000 to $13,000 saved.

In what?

Just bank account, and then I do have a small IRA, but I had to withdraw a lot of it during the COVID pandemic, so it's not as much as...

It was before, but I'm slowly trying to build it back up.

Yeah, okay.

Well, I mean, you had your little run with the motorcycle, and it worked out for a while, and then the heat comes up in Vegas, and it's time to get an air conditioner.

That's logical.

Makes sense.