wwgd: should we upgrade the car with our car allowances? (ep921b)

Learn to invest with our award-winning investing book, The Quick-Start Guide to Investing: https://www.investingbook.com.au/ Maya* and Liam* both receive car allowances through their work which they're thinking of putting towards a new car. Liam's 2015 Hilux has 280,000km on the clock and they're eyeing a new Ford Ranger. Is now the right time? Glen works through their full financial picture and shares his thoughts on what he would do. 00:00 - incomes & car allowance situation 09:07 - are their financial foundations stable or shaky? 20:43 - the current car situation 29:09 - Glen shares his thoughts 46:43 - Glen's rules for buying cars To see if you’re on track with your super for your age, head to https://art.com.au and search ‘How much super do I have?'. *Names changed for privacy #moneymoneymoney #wwgd #personalfinance #australianfinance #carfinance #novatedlease #budgeting #incomeprotection #australianproperty #financialtips Want to be a guest on the show? Apply here! https://www.moneypodcast.com.au/apply-to-come-on-the-show money money money is proudly brought to you by Sphere Home Loans. No matter where you are in Australia, their team is ready to assist with your mortgage needs—whether you're purchasing a home, investing in property, or looking to refinance. Sphere Home Loans: https://www.spherehomeloans.com.au/ Need a system to manage your money? Check out the free Glen James Spending Plan here: https://education.moneypodcast.com.au/courses/the-glen-james-spending-plan This content is for education and entertainment purposes only and is intended for Australian residents. It is not a substitute for professional financial, tax or legal advice. Any advice provided is general financial advice only, which does not take into account your objectives, financial situation or needs.You should consider whether the advice is appropriate for your circumstances before acting on it. If you choose to buy a financial product, read the relevant product disclosure statement (PDS) and target market determination (TMD), and seek personal advice from a licensed adviser. We may discuss products, services or listener questions within our content for illustration and entertainment purposes. It is impossible to provide personal advice in this format, as we don’t know your individual financial situation. We may also change the names of questioners for privacy. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies. Guest opinions are theirs and their respective licence holders. SYMO Interactive Pty Ltd and Glen James are authorised representatives of MoneySherpa Pty Ltd, which holds Australian Financial Services Licence 451289. Please read our Financial Services Guide at moneypodcast.com.au. #personalfinance #money #investing #property #retirearly Intro theme: "Coal" by Hartley Licensed via Shutterstock Music – royalty-free, commercial use permitted. Community Segment Theme: "Tuscan" by Geoffrey Jerrell Licensed via Shutterstock Music – royalty-free, commercial use permitted. Midroll Segment: "Sunset Paradise (Pop)" by Monument_Music Licensed via Pixabay Music – royalty-free for commercial use. Outro Music: "Photograph" by nomaBeats Licensed via Pixabay Music – royalty-free for commercial use. No copyright infringement intended. All music used under appropriate commercial licences.