Quick Read Suze Orman calls car leasing the biggest waste of money despite 20% of Americans choosing to lease. Minimal depreciation on some Porsche models means market value exceeds lease-end buyout prices. Investors rethink 'hands off' investing and decide to start making real money New York Times bestselling author, podcaster and TV show host Suze Orman is one of the most recognized financial advice speakers in the US. She has no qualms about shooting from the hip and expressing her point of view ...

Core Insights - Financial expert Rachel Cruze provides practical financial advice through various platforms, including "The Ramsey Show" and social media, addressing common money-related questions from the public [1][2] Group 1: Car Savings - Cruze recommends establishing a sinking fund for car repairs and replacements, with suggested monthly savings of $100 to $200 for repairs, while future car purchases may require significantly higher savings [3][4] - The average transaction prices for vehicles are noted to be nearly $26,000 for used cars and $50,000 for new cars as of October 2025, indicating the need for substantial savings [4] - It is advised to use a separate savings account specifically for car-related expenses to better manage funds [5] Group 2: Money Management - For individuals managing multiple expenses and debt, Cruze emphasizes the importance of budgeting, prioritizing needs, and using leftover income wisely for wants and goals [6] - Following Dave Ramsey's 7 Baby Steps is recommended to build emergency savings and regain financial control by reducing debt payments [6][7] Group 3: Life Insurance Considerations - Cruze discusses the relevance of term life insurance for singles, suggesting it is beneficial if there are dependents relying on one's income, while also noting the affordability of premiums [7] - Whole life insurance is discouraged due to its higher costs, and the importance of having a will for estate planning is highlighted [8]

Group 1 - Simone, a 22-year-old graduating with a computer science degree, has accepted a job with a salary of $100,000 and a signing bonus of $10,000, but her parents are pushing her to take on a $30,000 car loan [1][2] - Personal finance expert Dave Ramsey emphasizes that Simone's income level allows her to make her own financial decisions, indicating a shift in the influence of parental advice as she enters adulthood [3][4] - Ramsey supports Simone's plan to buy a less expensive car with cash instead of financing a more expensive vehicle, highlighting that taking on a large auto loan early in her career could reduce her financial flexibility [6][7] Group 2 - The discussion reflects a broader theme of changing parental dynamics as children become adults, with Ramsey advising Simone to remain respectful while asserting her independence [4][5] - Ramsey's advice aligns with the notion that financial stability can be achieved without immediately driving an expensive vehicle, reinforcing the importance of long-term financial planning [7]

Core Insights - The article emphasizes the importance of intentional spending to build wealth and financial security by avoiding certain purchases that do not contribute to financial goals [1] Group 1: Unnecessary Purchases - Alcohol, recreational drugs, and cigarettes are highlighted as expenses that do not add value to life, with average monthly costs of over $80 for alcohol and around $200 for smoking [2][3] - Car financing is identified as a significant financial burden, with over 80% of new car buyers and 37% of used car buyers using loans, resulting in average monthly payments of $748 for new cars and $532 for used cars [4][5] - The newest iPhone is pointed out as a common unnecessary purchase, where consumers often overlook the total cost due to financing options, leading to interest payments on a depreciating asset [6][7]

RT The New Aero (@new_aero)The brutalist and his car. https://t.co/fCxNKyYTsC ...

Jeff Siegrist couldn’t take his mind off the car he sold in 1996. So he set out to track it down. https://t.co/F94E2087wZ ...

Dudes taking a photoshoot with their new car at a gas station gives off the same energy and women taking pictures of themselves in front of the Nobu sign. ...

Core Insights - A 61-year-old woman named Teresa seeks advice on investing in her 401(k) while managing significant debt, highlighting the challenges faced by individuals nearing retirement without savings [1][2]. Financial Situation - Teresa earns approximately $67,000 annually but has debts totaling around $69,000, which includes $11,000 in student loans, $18,000 for a car, $12,000 in personal loans, and $26,000 for a tractor [3][4]. - The land associated with the tractor is valued at only $500 per acre, raising questions about the financial wisdom of such a purchase [4]. Debt Management Advice - Financial expert Dave Ramsey emphasizes the need for Teresa to aggressively tackle her debt and sell unnecessary assets, including the tractor and car, to improve her financial situation [4][5]. - Ramsey suggests that by selling the tractor, Teresa could potentially trade a $26,000 liability for $150,000 in retirement savings, illustrating the long-term impact of her current financial decisions [5].

RT Xcelerate Auto (@xcelerateauto)We work to help a customer who has a complete battery failure nightmare at a time where she needs her car most! https://t.co/xOBevBzo5Q ...

Core Insights - The couple, Cassie and Andrew, earn a combined annual income of $120,000 but are living paycheck to paycheck due to financial obligations and debt [1][2] - They are currently $30,000 in debt, which includes $22,000 in student loans and $8,000 in credit card debt, alongside a monthly rent of $2,500 [2] - Andrew's desire to purchase a new $60,000 truck raises concerns about their financial priorities, especially given their existing debt and plans to buy a home [4] Financial Situation - Cassie expresses concern that the monthly payment of $850 for the new truck would hinder their ability to save for a house or pay down debt [3][4] - The couple's current financial obligations include significant debt and high rent, which complicates their ability to make large purchases [2][4] Alternative Solutions - A suggestion is made for Cassie to discuss purchasing a less expensive car with monthly payments of $425, which would allow them to save or pay down debt more effectively [5] - By opting for a less expensive vehicle, they could potentially save $5,100 in a year, totaling $30,600 over six years, which aligns with the payment period for the truck [5] Cost Considerations - The overall cost of owning and insuring the new truck would be significantly higher than that of a smaller car, impacting their financial situation further [6] - Andrew's perception of the truck payment as affordable may change once additional costs are factored in, highlighting the need for a more comprehensive financial assessment [6]