A Free $50,000 Car?

[Music] brought to you by the every dooll app start budgeting for free today Julian is up next and New York City Julian how can we help hi thank you for taking my call so my question right now I am around 20 years old I am 20 years old in college and I'm currently making around 20 to $225,000 a month and my boss wanted to give me a pretty big bonus for basically hitting a pretty big Benchmark in in sales around 1.5 million and he wanted to give me a $50,000 bonus to put towards any gift he didn't just want to give it to me cash and he wanted to essentially help me buy a new car and I'm 20 I'm in college and realistically financially it wouldn't make a really big dent for me to put an extra you know 10 to 20 into a car and potentially get like a 60 to $70,000 car and I was wondering if it wasn't you know a stupid financial decision do you think that would be potentially a good decision for me to make you know given that I'm I'm 20 and it wouldn't hurt me financially you have no debt or any debt at all no debt nothing 200,000 in savings and you're making 25 20 25 Grand a month correct and he's gonna put he's going to give you 50 towards a car and so if you buy a $50,000 car you don't pay a nickel if you buy a $70,000 car you pay 20 and you've already got 200 plus in the bank am I hearing all this right yes exactly I know it sounds a little bit crazy but well what's your what's your concern I have a concern well let's hear his first what's your why'd you call us to ask us about this well I was just wondering because I think that I'm relatively mature for my age and I guess going back to school I'm taking a semester off and I'm going back to school um you know in in in in in August in the fall and I was just wondering you know G given that I've worked so hard for the last few years I feel that I I deserve it and I'm excited to drive around in a nice car not have to drive around in the Subaru but I don't know I guess other people kind of seeing that I don't want to look like the kind of person who like my parents bought me a really nice car you know what I mean even I understand what you're saying but if I'm in your shoes I don't give a crap what anybody thinks about the car I'm driving especially if it was a gift and if it were me unless I'm missing something the guy's going to give you 50,000 towards if he will not give it to you as a bonus he's going I'm doing it this way then the rules are the rules and you're busting it you're killing it unless I'm missing something uh but if it were me I wouldn't get $70,000 car I'd get a $50,000 car and not pay a nickel I'd take the free car I wouldn't put any extra money into that but let me also say if you've been listen to this program Dave talks about the ratio Jade can break that down is when we talk about ratio to what you make so for you to spend 20 on top of the 50 based on what you make and what you've got in the bank it's a no brainer so your if your concern is I'm worried about what other's going to say because I'm young and I'm driving a nice car around first of all I don't give a crap what they think and secondly you've got a legitimate story you're not a trust fund baby there's nothing you to be ashamed of you've worked really hard to get to this point where you're making incredible Money young man you've been Frugal you have no debt uh man I'd say enjoy this bonus I have a question though uh I have a couple questions um you mentioned going back to school what does that mean for your income when you go back to school well surprisingly I've actually been able to balance this pretty well with school okay I just want to finish getting the the degree I think that it's valuable and my parents are you know very thankful they're paying for it so you're doing this while in school correct correct yeah he's making this money while in school he when you said going back to school in August it made it seem like you were gone for a while or had finished I I may take a bit of a pay up but realistically I'll still be able to make a pretty decent uh a pretty decent amount oh yeah yeah you're you're you're crushing it that's crazy listen you're 20 years old what I want to know what do you sell what do can you tell us yes so I work with influencers online who have very big audiences like anywhere from 200,000 to to a million followers online and I basically help sell and market products to those uh to to basically their Their audience whether it's real estate or uh make money online coaching anything like that Fitness coaching fantastic awesome Market yeah yeah this just a no-brainer that's excellent this is no-brainer get the car hey how much how much of your own money are G are you going to add with it or are you just going to take the $50,000 and get a $50,000 car I'm thinking if I decide to get a car I'll just get the car I really want and if that ends up being 70 I'll put an extra 20 if it ends up being 50 I'll I'll just stick with 50 Fant just be smart that's great and who cares what other haters think they're drinking on that haterade you worked hard for this yeah that's fantastic I love that story you don't get that call very often so why I ask all the questions want to make sure I got all the facts but that one's pretty straightforward way to go young man create your free every dooll budget today the simplest way to budget for your life