Young Military Members' Secret to Affording EXPENSIVE Cars!

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In this video I will explain how young military members can purchase a Dodge Charger on pay less than $30K a year, while a civilian on the same pay could not do this! To be clear, whether you're a military member or civilian, buying a Charger on less than $30K annual pay is dumb.
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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom!
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[@vintotheinny]

A buddy of mine had a 1991 camry he bought with cash for $3,800. He used that until the engine caught on fire. At that time he was making 200k per year. Not military but just saying. He always told me his rule is Zero debt, no matter what. Except for a house.

[@anthonysciabarrasi2611]

ur buddies also gonna be on his death bed with a ton of money and regrets. money comes back, experiences don't. not saying go into 100k in credit card debt but sometimes when ur buddies wanna go on a trip nothing wrong w putting it on the credit card to make a lifelong memory

[@Frommilitarytomillionaire]

hahahaha love that!

[@Frommilitarytomillionaire]

You can take PLENTY of trips without going into debt though. I spend TONS of money on experiences/travel. Doesn't mean you have to spend money you don't have.

[@Jag-leaper]

@@vintotheinny I did the same thing and bought a 2005 Toyota Corolla 2,500 cash ..... Thought I was winning at life simple reliable paid for.... Then I realized there is more to life I want more in life so I went and bought and equally paid for 2001 Jaguar with a good service history and I'm still financially responsible ..... while actually enjoying that part of life 😁

[@lillfullsend6761]

@@anthonysciabarrasi2611 if you have to put a trip on a credit card it just tells me your money management skills are garbage. Shouldn’t be taking trips if you don’t have the money. 😂

[@BrianaAndJaden24]

Love the content man, currently in the process of going into the army. Great mentor, and amazing person trying to set people up for success. I thrive to be you one day man!

[@Frommilitarytomillionaire]

Appreciate the kind words, brother!

[@kokoshadowstryder9020]

True. The first million is by far the toughest to make due to the wealth building process being a habits changing process at its fundamental core of the process.

[@Frommilitarytomillionaire]

@@kokoshadowstryder9020 yep!

[@acekhmer]

Thank you for the tips and knowledge brother. Keep being genuine!

[@Frommilitarytomillionaire]

Appreciate it bro!

[@DavidRivera-gt8mt]

I start navy boot camp Nov-19 and I’m doing 5 years, I plan on doing my best with my money and don’t plan on getting anything I DONT need to live

[@Frommilitarytomillionaire]

That's a great way to go into it!

[@coreys.5479]

HM, right!?

[@chris-dd6uq]

You'll probably end up spending it on food.

[@Frommilitarytomillionaire]

@chris-dd6uq chowhall!

[@chris-dd6uq]

@@Frommilitarytomillionaire I wouldn't even feed pigs the crap they serve in the galley. The food is not edible most of the time. Hard pass.

[@ahoneyman]

A Challenger R/T wouldn't be the worst purchase. A 2-3 year old one with 40k ish miles goes for $24kish. They do hold their value better than most cars and maintenance is reasonable. A Covic or Corolla woulld be more frugal if quite a bit less fun.

[@DonnieB_83]

I bought a Lamborghini Gallardo while on active duty after selling two of my properties. The running costs for the Gallardo would have been extremely challenging to maintain solely from my active duty income. Fortunately, I had several other rentals to help offset the Lambo tax. I sold it 18 months later to reinvest into more real estate. I've leveraged my rentals to fuel my passion for cars.

[@Frommilitarytomillionaire]

That's more my style for sure!

[@BIGALEX_DRDOOM]

Bought a motorcycle no car debt. Best option i chose, good on gas and saves money driving. It pays for its self turn liabilities into assets and income. 🤷🏾🙏🏾

[@Frommilitarytomillionaire]

And they're fun!! ...just don't get too reckless on it, haha. I've owned a Harley, R6, and now a Ducati Monster. Love riding!

[@nguhbenedictacheng104]

You are a great mentor sir

[@Frommilitarytomillionaire]

Doing what I can! Thank you. What's your favorite video so far?

[@MrSloika]

Young service members are paid and have their room and board provided. How young service members manage to drive around in 'expensive ass' cars doesn't trouble me. Where I live I see teens and people in their twenties who don't seem to have any visible means of support driving 'expensive ass' cars. I'd like to know how that happens.

[@Frommilitarytomillionaire]

@@MrSloika because they're irresponsible

[@Mr5Sp33d]

Typical marine screaming how great electric vehicles are. Here’s a box of crayons for you to eat while it “drives itself”

[@Ottobon]

Nice beard! I was too don't ask don't tell at the time so never got into military but always wanted to (then i figured out i wasn't, but emo phase catholic trauma and all) but ignoring that i always loved the Mil friends i knew did go for insanity but did it sorta grassroots motorsports style, rather then mall-kids style. But sometimes a free charger is a free charger. I live near one of the major airbases in my state linked to dozens (2 or 3 dozen) massive dealerships and the roads are glorious, its probably a lot of bad decisions but not going to pretend i don't love all the zoom zoom

[@phil1954]

Are you really going to buy a 5 or 6 year old porsche?

[@phil1954]

I always buy 3 to 4 year old vehicles. Most vehicles will lose 50% of their value within the first four years. Some even in the first three.

[@Frommilitarytomillionaire]

Probably. I don't care if it's older than that. I'm buying the Porsche to rip backroads in, not to let it sit in the garage and retain value, haha

[@Frommilitarytomillionaire]

I'm actually looking for higher mileage, because it will be disproportionately lower cost.

[@phil1954]

@@Frommilitarytomillionaire Porsches hold their value pretty well. Make sure you do a video with which model you get. 💪🏽

[@Frommilitarytomillionaire]

@phil1954 they do, it's a slog trying to find one, haha. It'll be a Turbo S, GT3, GT3 RS, or GT2 RS. Depending on auctions.

[@ErrorPagenotFound-ig1cy]

OF. Servicemember has an OF.

[@Frommilitarytomillionaire]

@@ErrorPagenotFound-ig1cy hahahaha perhaps!

[@becraftcorey]

There is this tool called leverage lol.

[@Frommilitarytomillionaire]

@becraftcorey ...which makes sense with assets. It isn't a recommended tool for buying liabilities. That is unnecessarily risky.

[@pegcity4eva]

29% APR

[@harjassingh9357]

Lmao garbage muscle cars are considered expensive now, more like tasteless

[@Frommilitarytomillionaire]

@@harjassingh9357 ok?

[@Trapezius_God]

Brother you must not have seen the latest iteration of sports / muscle cars. They’re all nice. Even the newer trucks are nice.

[@harjassingh9357]

@@Trapezius_God only German and some Japanese are nice

[@tomquirin4231]

OOOOHRAH AND SEMPER FI MARINE BROTHA DAVE , i was active 93' to 97' and i got out a old salty cpl. in 96' and i am a very proud P.I. grad - platoon # 2032 . gulf company > 4/16/93' grad. date , i would love to talk more with you , i only have email here though bro , i will always support you as a marine brother 1 million % , thanks n talk soon > tom !

[@Frommilitarytomillionaire]

Semper Fi! Shoot me a DM on Insta @frommilitarytomillionaire