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In this episode we will discuss how car payments and credit cards can have a adverse affect on our household and long term wealth. We will go over the attraction of buying a new car over a used car. How to determine the amount of car you can afford? Does your credit score play a role in the purchases you make? Are your credit card balances preventing you form achieving your long term financial goals, Does owning a nice car and having access to credit give you a false sense of security, and lastly, what can you do to make sure you have a reasonable car payment and low or no credit card balances.
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