How Much Car Can I Afford (20/4/10 Rule)

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Marko - WhiteBoard Finance
Published at : 25 Dec 2020
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If you’re in the market to buy a car, you might be asking yourself “how much car can I afford?”. In this video I teach you the 20/4/10 Rule which is a great rule of thumb to understand how much car you can actually afford.

Cars are a big financial decision that most of us have to make, and it's smart to go into a car buying situation knowing exactly how much you can truly afford. This video will help you do that.

Although I still prefer to buy cars cash, I think that the 20/4/10 Rule is a good starting point for someone to decide if a car is affordable or not related to their income and budget.

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Instrumental Produced By Chuki:
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My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.

This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

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