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Live 4 Financial Freedom

61 EpisodesProduced by Bruce MillsWebsite

Become a Paid Subscriber: is our journey through Marriage, Raising Teenagers to Financial Freedom. Financial Freedom (FIRE) can help give you choices in life. We share stories to help couples getting married, married. Helping parents survive raising kids to plan… read more


Fix or Sell your Car

Recently we took our car in for an Oil Change and the Store Manager came out to the sitting area and gave me a long list of repairs the car needs. It was over $3,600. I said to him that the cars value isn’t much over that. When the shock wore off, I told him I was going to hold off for now.

When I got home and started looking up Used Cars that had less miles than my car did it looked like I would need to spend over $15,000 easy to get the same model car but maybe 8 years newer and maybe 80,000 less miles.

Then Darlene came home from work and we talked it out. We decided to take the car to our normal mechanic for a second opinion to see what they said. We told them that we like the car because it looks nice and runs really well. He said it is a nice car and has a good motor in it. He was in favor of fixing the car if we were going to hold on to it for the next few years.

He brought up that all cars need maintained and why buy someone else’s problems. He said most cars start needing some work done to them around 70,000 miles. So, I may end up still having car repairs even if I bought a newer car. Besides that, I would have the cost of the newer car plus higher Car Tabs and higher Car Insurance. Darlene and myself decided for us and our situation that it was best to hold on to our car and do the maintaince on it that it needed.

I am for fixing the car also because I am not a fan of the car shopping process. A friend of mine once said he would rather go to the Dentist then go car shopping. I am not a fan of Dentist either and probably enjoy some of the hunt and numbers of car shopping. - More Details during Podcast.

We also cover with the boys how to maintain their vehicles so they last longer and hopefully it will save them less future car shopping trips in the future. LOL, we do plan on buying Darlene a new Van once her Van hits around 125,000 miles since we drive it a lot back to see family. We still have two or three years till we go car shopping again. We plan on holding on to our Car for life if we can since we don’t drive it often.

We hope everyone hits their Financial Freedom Goals from our family – The Mills Family.

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Sources and Resources from Podcast (Available in Show Notes)

  1. Spend Smart Book      by Bill Keenan
  2. The      Millionaire Next Door Book by Thomas J Stanley, Ph.D. and William D.      Danko, Ph.D.
  3. The Do’s and Don’t      of Money Book by Suze Orman
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