In this episode, the Mechanic, the Accountant, and the Economist begin tackling the huge subject of transportation costs. We’ll sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider the RE part optional.
Beer #1 – Sweet Leaf IPA – Brewed & Bottled in Duncan by Red Arrow Brewing Company [1:11]
What’s in the News?
Longtime FIRE member, Kevin O’Leary, getting FIRE all wrong [1:59]Freedom 101 – So I’ve Retired Early – Now What? [3:36]
Minimizing Vehicle Expenses
DIY repairs [6:50]Going to the dealer while under warranty: might not be mandatory, check your warranty and document [40:05]Making Smart Buying Decisions [11:40] Negotiation Tactics [17:50]Lemons and Getting the Car Checked Out [21:40]What to Watch Out for When Buying a Used Car [36:10] Budgeting for Maintenance [37:57]Insurance [44:45]When to Get Rid of a Car [48:10]
The Money Mechanic’s Jetta [43:49]:
2nd Beer – Devil’s Elbow IPA Brewed & Bottled in Squamish by Howe Sound Brewing [31:00]
Seinfeld – the Michigan Deposit Bottle Scam [34:40]
Reading List
Ninja Budgeter – 15 Simple Car Maintenance Tips [35:20]Ninja Budgeter – How to Buy a New Car (Without Getting Screwed)Ninja Budgeter – How to Get The Most Money When Selling Your Used CarNinja Budgeter – 13 Simple Ways to Tell if a Used Car is a Terrible DealAsset Based Life – How to Save Money When Buying a Car [26:45]Starting Your Own Self Insurance Company [45:10, 47:40]MMM – What Does Your Work Truck Say About You [1:03:15]
Stupid Money Move [57:37]
Leasing a Car – it’s a bad idea, don’t do it. End of story.
Recent Posts [1:03:55]
What’s in the Mechanic’s WalletWhat’s in the Economist’s Wallet Mechanic on DutyOh, the Cars I’ve Owned