Dave Ramsey

Deplete $5,000.

You'll have $7,000 left, and you've got no payments.

And with no payments, if no payments, you can actually build wealth.

There's no $500 car payment in the equation here.

None.

No car payment at all in the equation.

If you're asking us, I mean, that's what I would do if I was 32 and I lived in Las Vegas and I was single and I made $45,000 a year.

I'm getting an air conditioner to start with.

And then I'm going to start building some wealth and, you know, work more, make more.

What you're going to have trouble doing because you've done a lot of stuff in your life to date on a whim, on impulse, is you're going to have trouble avoiding impulse if you don't set this in stone right now and say, I am not going into debt and I'm going to go pay that cash for a car.

You're going to wander onto a car lot and some Porsche is going to wink at you.

and you're going to leave with an $800 car payment.

That's what's going to happen.

She's going to flirt with you, and then you're done.

So you've got to be careful.

It's happened to me.

You can tell.

I can't walk by a nice car.

I love a good car.

But, yeah, it'll kill you.