Uncoupling Financial Standards: From Car Payments to Investments

But with the cost of living on the rise, a new financial milieu is brewing: $1,000 monthly car notes are getting more and more common. To most, this high sticker price represents more than a car bill: it’s déjà vu all over again in consumer spending. So how about we flip this conversation on its head? What if we all started talking $1000 monthly investments, instead of car payments.

If you lived in a world where people just put away $1000 for an investment account every month. Not only could that rejigger individual financial futures, it might rework the whole of the economy. This is a grand vision, but an achievable one under the right mindset and tools.

Credit Education: Financial Empowerment

The most important part of this vision is the 20/3/8 program. Its main goal is to teach people how to have a million mindset and not just earn for the month. It sounds simple but powerful: Change your tendency to look for instant gratification—whether it is that shiny new car—to wealth development through an investment plan in the long term.

Reconsider Shopping

Consumers often focus closely on monthly payments when they buy a car. But when taken to an extreme, tunnel vision causes bad financial decisions. So instead of just focusing on the monthly payment, look at the greater impact that entire loan is going to have over your financial future. What Legacy Are You Building for Yourself?

Invest in Your Future Self

Car buying should be more than just a status symbol. An investment in your future self. When you prioritize investments over material goods, You can set yourself up for a more financially secure future. This means, visualize yourself in the past 5 years hence or even current decades later. What kind of decisions would you be happy they had made? Spending money enjoying the laugh lines and at your local pub may fill those empty hours but investing in yourself is more rewarding to keep up with trends.

Conclusion

A dream in that car payments are normalized, not $1,000 monthly investments. IFwe alter our mindset and embrace this new perspective, we can start to break the pyramidal mold of financial institutions that have led us down a path spiraling toward monetary ruin collectively building more prosperous futures for ourselves as well. Just like we grew up in the barbaric master-slave days of proprietary money, our children may be answer for similar foolishness from their own stupid “lizard-brained” parents; i.e. You and me — that is if you are willing to condone such outrage Remember: payments based consumer or investment wealth?? The journey to financial independence starts with a single choice, make that choice of investing in yourself.