Humphrey Yang is a content creator and entrepreneur who loves to talk about personal finance. He has over 5 million followers on Instagram, TikTok and YouTube. Find Out: How To Start Investing With Less Than $1,000 Consider This: 6 Things You Must Do When Your Savings Reach $50,000 On Instagram, Yang recently posted about the four worst investments you can make. Here’s what he had to say. Timeshares Timeshares, said Yang, are “where you buy into partial ownership of a vacation home, and you get to use a ...

With few exceptions, cars are depreciating assets. Unlike stocks and other investments, which are expected to appreciate in value over time, cars generally lose value from the moment you buy them. But there is a smart strategy you can use to make your car purchase worthwhile from an investment standpoint. In fact, when done properly, buying a used car can actually earn you thousands of dollars. Here’s how. Watch Out: The 5 Car Brands Named the Least Reliable of 2025 Read Next: 5 Types of Cars Retirees Sho ...

Buying a new car is exciting, but it can also be one of the biggest financial decisions you’ll make. Smart buyers know that saving money isn’t just about negotiating the sticker price; it’s about planning ahead, timing your purchase, and avoiding costly mistakes that dealerships hope you’ll make. Discover More: I’m a Mechanic: 6 Electric Vehicles I Would Buy and Why They Are Worth It Read Next: 3 Reasons Retired Boomers Shouldn't Give Their Kids a Living Inheritance (And 2 Reasons They Should) From settin ...

Core Insights - The One Big Beautiful Bill Act (OBBBA) introduces new tax benefits for car buyers, including a temporary tax deduction on car loan interest, which may influence purchasing decisions [3][4] - Personal finance expert Suze Orman warns against using these tax benefits as justification for unplanned car purchases, emphasizing the importance of financial prudence [2][7] Tax Changes Summary - The OBBBA allows a temporary tax deduction of up to $10,000 on car loan interest until 2028, with income phase-out thresholds set at $100,000 for individuals and $200,000 for joint filers [3] - The act also ends the federal tax credit of $7,500 for new electric vehicle purchases and the $1,000 credit for home EV charging station installations, with expiration dates of September 30, 2025, and June 30, 2026, respectively [4] Market Implications - The average cost of a new car exceeds $49,000, and potential tariffs may further increase prices, which could lead to a rush in purchases due to perceived tax benefits [6] - Orman cautions that tax breaks should not be the primary reason for making significant investments in new cars, advocating for a more measured approach to car buying [7][8]