Nadine Higgins

So we will pick Adam's brain about that in just a moment.

Welcome back to the Prosperity Project.

I wanted to ask you, Adam, about putting a car on the house.

And look, normally that would be a massive no-no.

But in this instance, when we're talking about electric vehicles with green loans, some of the interest rates are sharp.

But what do I need to know about those deals before I go and buy myself a Tesla?

You'll be paying for the car long after you are no longer driving the car.

Yeah, which sounds too good to be true, right?

0%?

So it becomes a cash flow issue.

Correct.

It's cheap money, but it's going to put some pressure on your pocket.

Still pretty amazing.

So at the end of three years, my 1% becomes whatever the prevailing interest rate is at that time.

And I've only paid a little bit of it off.

Yeah.

So would you prioritize though paying off the 1% debt or do you put that against some more expensive debt in the meantime while you've got the 1%?

Yeah.

Which is what we all did when it was at 2%, right?

Unfortunately, too many people did that.