Speaker 1: We are now going to look over at Kevin Turner,
Speaker 1: who's going to pull the curtain back and share a
Speaker 1: little bit about his life.
Speaker 2: I had a thought the other day, and this is
Speaker 2: just kind of kicking in my head, but I don't
Speaker 2: know if it's anything going to act on because I'd
Speaker 2: like to get the numbers, and I just wanted to
Speaker 2: I thought you guys might actually like this. Here's my
Speaker 2: situation with my vehicles. Okay, it's out to drive, So
Speaker 2: here's the story. Though my wife works from home, has
Speaker 2: a car that she has paid off, so no car payments,
Speaker 2: but she works from home. I work here and I
Speaker 2: have leased a car. I always I've leased car for
Speaker 2: a long time. I've never owned a car. Actually always
Speaker 2: lease hand car. And I was thinking the other day,
Speaker 2: for the first time, I can't believe we would go
Speaker 2: for a while night.
Speaker 3: It's first time.
Speaker 2: I thought, how often do we both need our cars
Speaker 2: at the same time?
Speaker 3: Very rarely?
Speaker 2: And if I was just to not have a car payment,
Speaker 2: I could drive her car to work here because she
Speaker 2: works from home, and if she had to go somewhere
Speaker 2: or had a meeting, or if I had something, I
Speaker 2: could just uber and would the amount of times that
Speaker 2: I would need that extra car and Uber would that
Speaker 2: cost less than my monthly car payment?
Speaker 4: Let me ask you, does this all make sense? It
Speaker 4: makes all kinds of sense. I want to ask you,
Speaker 4: how long until your lease is up?
Speaker 3: Oh?
Speaker 2: I got another two and a half years? Oh yeah,
Speaker 2: I just got any one, but I can trade it in.
Speaker 2: They're always looking for get your car back? Really yeah,
Speaker 2: and they'll just well, no, I got a little You know, hey, man,
Speaker 2: you don't have to pay a half years. You okay,
Speaker 2: But here's the thing.
Speaker 1: Also, you're basing that on what's happening in your life
Speaker 1: right now. Sure, but what happens if in a year
Speaker 1: you both need your cars every day?
Speaker 2: Yeah, no, no doubt about it. But that's where it's
Speaker 2: kind of easy though, because since her car is taken
Speaker 2: care of.
Speaker 1: But that's that's that's the cheak code in life, if
Speaker 1: you can get to where And again, Kanye is skinny,
Speaker 1: he's your guy.
Speaker 3: He's a leader in so many different ways. Amazing. But
Speaker 3: he said the things we own end up boning us.
Speaker 1: He's right, and so the things that if you can
Speaker 1: figure out how to not live in the biggest house,
Speaker 1: how to not have the biggest car payment.
Speaker 3: Drive cars that are paid off.
Speaker 1: You don't have to work for the man as much
Speaker 1: because you're not under as much pressure to pay off
Speaker 1: all the crap you own. So there is something to that,
Speaker 1: you know, if you have too paid off cars and
Speaker 1: just drive an old, crappy car, if you're down with that, like,
Speaker 1: because eventually, over time, it's just gonna get older and
Speaker 1: older and older.
Speaker 3: Right, yeah, that's what I struggle with.
Speaker 2: Then the bad thing happens in your car and then
Speaker 2: you end up paying for how much to repair it,
Speaker 2: and I don't want to go through that. But that's
Speaker 2: that's a lesser I mean, this is very simple though,
Speaker 2: just doing the numbers here. If I didn't have the
Speaker 2: car payment, let's say it's five hundred a month, it's
Speaker 2: a less than actually oh oh yeah.
Speaker 4: It is, ye car payment under five hundred And you're
Speaker 4: having this discussion.
Speaker 2: I told you I'm killing it out here. But you
Speaker 2: take that away, and let's say I had to uber
Speaker 2: three times. There's three times we had to be in
Speaker 2: a different spot. Well, man, that's one hundred dollars max. Like,
Speaker 2: I'm saving quite a bit of money. Now, maybe there's
Speaker 2: a month or two that you end up going over
Speaker 2: that because you did have to be in separate places.
Speaker 2: But the benefit of her working from home, I feel
Speaker 2: like I'm not taking advantage of that if quite frankly,
Speaker 2: her car's there all day.
Speaker 4: Have you, guys spent or in this scenario, have you
Speaker 4: spent any time thinking about what your weekends are like
Speaker 4: a little and sometimes she works on weekends. So cause
Speaker 4: I'm just saying, you guys are going to be fused
Speaker 4: at the hit. No, I know, trust me there in
Speaker 4: my car or more uber I like having my car. Yeah,
Speaker 4: but I'm just thinking the sheer math a number of
Speaker 4: times I would uber, it can't be that much. I
Speaker 4: think it's unique in that you don't live that far
Speaker 4: from work and your wife works from home.
Speaker 3: Yeah.
Speaker 4: Sure, in a lot of more urban areas. You know,
Speaker 4: you're in the burbs and a lot of more urban areas,
Speaker 4: it's not uncommon at all for a family to have
Speaker 4: one car.
Speaker 2: It's not, trust me, is not most people. The mom
Speaker 2: and the dad go to work, right or the you know,
Speaker 2: the husband and the wife go to work, Yeah, separately.
Speaker 2: So this is why it's a very different situation for sure.
Speaker 2: What do you think, Christina, it.
Speaker 3: Sounds smart to me, and even better.
Speaker 2: I mean, it's summer right now, so don't do this
Speaker 2: right now.
Speaker 3: Are you within like biking distance from the station. Oh
Speaker 3: my god, I'd love that.
Speaker 1: If if I buy you a BMX bike, will you
Speaker 1: ride it to with a helmet? Again?
Speaker 3: Not obviously, not until like October, and you have to
Speaker 3: pop wheelies on every curve. I just like that the
Speaker 3: question was asked to me.
Speaker 2: Yeah, there's not something I would do. I could see
Speaker 2: Kavanaugh riding his bike to work or something, but that's
Speaker 2: not something I would do.
Speaker 4: If you are going to do something like that, what
Speaker 4: you have to do is you have to take your
Speaker 4: car payment and stick it in a savings account and
Speaker 4: don't touch it now.
Speaker 3: Dude, I was gonna go burn it.
Speaker 2: Well.
Speaker 4: The point being is that if you do get in
Speaker 4: a situation where suddenly y'all need two cars, you have
Speaker 4: a down payment for a car.
Speaker 3: Yeah, for sure.
Speaker 4: That's like one of the mistakes people mistake. Mistakes people make.
Speaker 4: They get their car paid off, and then it's like
Speaker 4: they just do something else with that income, something else,
Speaker 4: discretionary or whatever.
Speaker 3: You've got to.
Speaker 4: Put it somewhere to where it's like you've already been
Speaker 4: making that payment. Leave it there, and it puts you
Speaker 4: in a position where if you do have some seismic
Speaker 4: thing happen, you can account for it.
Speaker 2: And that was your financial minute.
Speaker 3: I'm Lou Dobbs. Fantastic work life Math with Kevin Turner,