Leasing, financing, and paying cash for cars all leave you at zero wealth. A fourth option, the Diversified Cash Flow Account, lets your money compound while you buy a car, a strategy banks and wealthy people use to keep building wealth instead of losing it to interest or depleting savings.
We've never met, but I know you. At least the way you purchase cars. When you buy a car, you either lease it, finance it, or pay cash for it. You take your money, give it to the lender, they give you the car. They got your money, you got the car. Not rocket science, right? That's what we've been doing our whole lives. What if you could add in one extra step? One extra step where They get your money, you get the car, except now you get all your money back. Sound too good to be true? Let's break down these options. Option 1: lease it. This is actually the worst way to buy a car because there's a middleman involved and somebody has to get paid. Option 2: finance it. You find a lender and then you pay them interest for the money they let you borrow because it was theirs to start with. And then there's option 3, pay cash for it. We've all been taught this is the best way to do it. Work really, really hard, save up all your money, and then when it's time, take that money out of the savings and go buy a car. Over the next 4 or 5 years, we put 100,000+ miles on that car, it doesn't smell fresh and new anymore, and we're ready for a new one. So what do we got to do? Again, save up, take that money, and go buy a car. So you find the car you want, go in debt, over the next 4 or 5 years you pay it off, put 100,000+ miles on the car, and now you're ready for a new one. So what do we do? We start the process all over again and we never see those dollars again. The problem with this is it continuously puts us back at zero, but more importantly, we lose our ability to have money compounding for us. While we have it. Albert Einstein once said, compound interest is the 8th wonder of the world. He who understands it earns it. He who doesn't pays it. We lose the opportunity cost that our money could have earned somewhere else. So you've been either that person that saves and spends or that person that borrows from others and gives it right back. Option 4 is the diversified cash flow account. I want you to appreciate that the only difference between this option and option 3 is one extra step, making one little change in how, in how you manage your money right now. This one extra step is the same step that most wealthy people have been using for years. Most banks, big banks, corporations, big business owners have been doing this same thing for years. They accumulate money use it tax-free, all while the money they accumulate keeps growing—no, compounding—untouched and uninterrupted. Want an example? I gotcha. Watch Part 2 and find out how the Diversified Cash Flow Account can help you get back all the money—all the cars—you ever purchased.
