They all felt like they “needed” a nice car and bought one at a crazy rate. Or some even took out crazy car loans to repair their current car. Like the perception that you need a nice car is crazy.
A lot of people are actually upside down on their car loans. Those he can he tries to convince to sell their cars, but they straight up fight him on it even after he breaks down how financially devastating it is to have a depreciating “asset” that has a 20k loan at 30% interest rate.
Here are some more shorts of people with insane car choices. Basically 9/10 of his episodes have people with bad car loans, these are clips of just the worst ones. If you search his channel for “Car loan” or “car debt” a ton of his full episodes mention car debt in the title because of how many people are utterly ruined by it.
(Also fair warning, he’s super abrasive and direct on people who put themselves into really stupid debt.)
https://www.youtube.com/shorts/Y5bgcbEe884 https://www.youtube.com/shorts/GQ5WJCRM804 https://www.youtube.com/shorts/in9C032P43M https://www.youtube.com/shorts/Nnj47Pf7DAM https://www.youtube.com/shorts/YyvMK81uw98 https://www.youtube.com/shorts/_TKFkS7watk https://www.youtube.com/shorts/Nbiic9ACXh4 https://www.youtube.com/shorts/gGeXQbhLccU
So yeah, fuck car culture that makes this possible and convinces people it’s okay.
Dude has exploded on YouTube in such a short time as a financial advice channel. It’s really damn impressive, honestly.
He gives the kind of advice most people should have got from their parents, but most parents don’t know much more about finances either.
Like the perception that you need a nice car is crazy.
Back in my army days I was told my beat up Chevy Malibu was unbecoming of an officer and I needed to buy a new car. So I just started biking and running to work instead.
In hindsight that shaped how I consider transit today, so I guess it ended up benifiting me pretty well in the long term.