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By Dr. David Edward Marcinko MBA CMP™
SPONSOR: http://www.CertifiedMedicalPlanner.org
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http://www.MarcinkoAssociates.com
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The 20/4/10 rule is a guideline designed to help you make a car purchase that’s affordable. Here’s what it represents:
- 20% down payment: Put down at least 20% of the car’s purchase price.
- 4-year loan term: Finance the car for no more than four years.
- 10% of income on car expenses: Limit total car expenses, including loan payments, insurance and fuel, to 10% of gross income.
- CITE: https://www.r2library.com/Resource
- SPENDING RULE: https://medicalexecutivepost.com/2023/08/01/podcast-the-four-percent-spending-rule-with-challenge/
- MECHANICS: https://medicalexecutivepost.com/2022/09/28/my-jaguar-mechanic-vs-doctor-story/
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