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Discover the shocking truth about the 20/3/8 car rule and how it can affect your personal finance and wealth building. Dennis Damron explains why almost no Americans follow this simple yet effective car buying rule, and what it's costing them in terms of car payments, auto loan terms, and financial literacy. Learn how to make smart money decisions when it comes to car buying and avoid common car loan mistakes that can lead to being car poor. Understand how much car you can afford and get expert car finance tips to achieve financial freedom. By following the 20/3/8 rule, you can stop being car poor and start building wealth, even on a middle class finances budget. Get the inside scoop on car affordability, car payment advice, and auto loans explained in a way that's easy to understand. Take control of your financial future and make informed decisions when it comes to car buying and auto loan terms. By the end of this video, you'll have a better understanding of car buying rules and how to apply them to your life, thanks to Dennis Damron's expert advice on personal finance and financial literacy. In this video, I break down: How Americans actually buy cars Why long car loans are now the norm How monthly payments quietly destroy wealth Why dealerships focus on payments instead of prices A realistic alternative if 20/3/8 feels impossible Cars are one of the biggest financial decisions most people make—and one of the easiest places to lose tens of thousands of dollars without realizing it. If you want to build wealth, reduce stress, and stop normalizing bad money habits, this video is for you. 👉 Subscribe for practical financial education that helps you keep more of what you earn and build long-term wealth. ✅Help me Reach 10k Subscribers: / @dennisdamron Start Investing Today! Affiliate Links: Stock Analysis: https://stockanalysis.com/pro/?ref=de... Get $5-$200 in FREE Stocks: https://join.robinhood.com/dennisd-ed... M1 Finance Link: https://m1.finance/LS3rMjobgr14 Storefront: https://www.amazon.com/shop/furryhipp... Become a Member: / @dennisdamron VidIQ Content Creator Link: https://vidiq.com/FHFinance 🔎 RELEVANT HASHTAGS: -------------------------------------------------------------------------------------------------------------------------------------- #ETF #investing #financialfreedom #financialliteracy #furryhippofinance #investingtips #furryhippofinance #dividendinvesting #frugaltips ➡️ Must be #engaged my #channel by #like #comment #post #share and #encourage other to #subscribe to the channel. *None of this is meant to be construed as investment advice, it's for entertainment purposes only. The links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partner websites. The video is accurate as of the posting date but may not be accurate in the future. Copyright Notice: This video is the property of Dennis Damron. You are authorized to share the video link and channel and embed this video in your website or others as long as a link back to our YouTube channel is provided. © Dennis Damron