Unlock the Hidden Strategy Behind Life’s Toughest Decisions When Everything Around You Is Shifting—Are You Ready to Thrive?
2. Expensive Car Purchases
According to Kelley Blue Book, the average new car price has reached $48,000, and in Canada, it has reached approximately $45,000 CAD, according to Autotrader Canada, with financing costs adding thousands more. During times of change, significant depreciating assets like vehicles can become financial burdens rather than assets.
If possible, maintain your current vehicle or choose reliable used options until your path forward becomes clearer. This preserves capital that could be better used for business investment or emergency funds.
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