Why I Drive a 22 year old Car! Debt-free Kakeibo Method | Financial Independence Retire Early

[@DrJessicaLouie]

How are you addressing your transportation needs? Please LIKE this video and SUBSCRIBE to the channel for weekly advice.

[@eltonjohns459]

Honda Accord 1998 +400K miles…Bought it brand new then realized I hate car payments.

[@DrJessicaLouie]

Still going strong Elton! How does transportation fit within your financial well-being journey?

[@wisdomandlove1661]

@@DrJessicaLouie the camry is reliable

[@privateequityguy]

*found this channel yesterday and ive become addicted*

[@DrJessicaLouie]

Thank you for watching! What video or piece of advice are you applying to your own life?

[@privateequityguy]

@@DrJessicaLouie I recent changed my car for an old one as well:) Invested the rest...

[@DrJessicaLouie]

@@privateequityguy Great to hear you're investing for financial freedom with this simple change.

[@docdoctme]

Thanks for sharing your knowledge and numbers on not having a car payment. I have a Toyota Corolla and I hope to have it as long as possible. For $1500 of yearly maintenance is a steal!

[@sweetcraft557]

I have a 22 year old ford focus and it's been very reliable and the best part no car payment, i hope it will last me 10 more years

[@DrJessicaLouie]

Great to hear you also drive a reliable car without a car payment!

[@rineilperez1633]

$1500 yearly transportation expense over 22 years is a pretty good deal! I used to have a low expense as well and most of my techs drove nicer cars than me...esp here in LA lol. Ideally though...I'd prefer to NOT have a car but it's pretty difficult here. Maybe one day....

[@DrJessicaLouie]

Thank you for watching Rineil. Yes, replacing a car with walking, biking or public transit is nice Rineil, but doesn't currently fit my lifestyle 100% of the time in Los Angeles.

[@markkovacs7185]

Good finance decision but there is one big problem. It's not safety. I think a 5-15 years old good quality car better decision. Money not everything, safety more important. But it's only my opinion.

[@DrJessicaLouie]

Hi Mark, I think it's important to define what safety means. This car has never been in a major accident, has been maintained every year and had regular maintenance completed in 2021 (shown in the video). Safety in driving is typically related to the driver and not the actual vehicle.