Jade Warshaw

The majority of Americans have car payments and they will have car payments their entire working career, right?

Exactly.

Exactly.

So the correlation there is very, very clear.

You look at the percentage of Americans that have car payments, and then you look at the percentage of Americans who are living paycheck to paycheck, and suddenly the whole equation makes sense.

Well, when you're paying $800, $900, $1,000 a month for cars, and for some people that's just for one car.

Many households have two car payments.

Yeah, how the heck are you supposed to have money to invest for the future?

How can you pay for your kid's college?

And there's an affordability crisis.

So then the big question then comes is, okay, how do we do it?

And that's the number one question that I get when I start talking like this.

That is the first thing.

Mindset has to change.

And then let's talk about it practically because most people, you can go about this in two ways.

For most people, what this looks like, getting away from car payments looks like whatever your current vehicle is, you're either going to pay it off and from that point off say, okay,

Never again.

Never again.

And now that I paid my car off, I'm putting a portion of money aside all the time so that when the time comes, I can trade this one in, add a little money to it and upgrade little by little.

It's a stair-step motion that we're doing.