car buying tips Archives

My moronic car-buying advice that saved us $3,315

Originally posted: March 8, 2019 Updated on: March 5, 2019 by David Lewis

Oh look, a troll (whom I somehow overlooked) comments on my YooToob video: *** “wow another dumb video form a moron. So you are trying to say the dealer will give you the rebates if you get outside financing but wont if you get dealer financing? LMFAO!!!! Thats the funniest thing posted on youtube. Keep up the funny videos.” […]

How much should you spend on your next car?

Originally posted: February 8, 2019 Updated on: March 5, 2019 by David Lewis

Speaking of cars, wife and I just got a new (well, new to us) vehicle to tote around a new kid and the dog. We had lots of choices. One of those was a BMW X5 but… knowing a small number of things about cars, I know BMWs are very high tech and high powered […]

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Watched your video on time value of money and whole life compared to other investments. Very interesting. — Alex, property and casualty agent

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After speaking with several brokers, I decided to work with you because you were the most informed across numerous life insurance companies and the nuances of their policies. You helped me select a policy with twice the internal rate of return than the first quote I had received from another broker. Life insurance is now a significant part of my estate, and I look forward to working with you for many years to come. — Keith, Public Relations

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Life insurance as it exists today is undoubtedly a pale imitation of what it could be in a free market, but in terms of safety (and other utility), it’s the best option I’ve discovered so far.

There’s still a lot I need to understand about how life insurance works as a long-term savings vehicle, but for now I’m at least satisfied that some of my money is a little safer from theft and wildly arbitrary taxation.

It’s too early to tell, but I’m cautiously optimistic. I’m currently putting about 20% of my savings into life insurance, with the rest split between precious metals, investments, and traditional retirement accounts.

I wish life insurance could offer a better rate of return, but with an out-of-control pirate state sailing the financial seas, pillaging with impunity, I’m happy to have some measure of safety, even if it means giving up a lot of potential profit. — Tim, Self-Employed

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I am now the happy owner of two life insurance policies, and I am armed with the knowledge to use them effectively. Thanks! — Tom, Nuclear Engineer

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Once the concept of whole life started to click, I was very sure this was the direction I wanted to go. You showed me how to get there and tailored my policy to meet my particular needs and comfort level- well, we pushed that a bit, but I’m glad we did.

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And Now… Some hate mail from the Interwebs. These folks aren’t clients, but they do demonstrate that not everyone loves Yours Unruly (what a shocker!)

“Whole life is what scam-based insurance people like David Lewis use to make a lot of money in commission at your expense. Get term life insurance. Never mix investing and insurance.” — L.C.G., self-proclaimed financial expert and forum moderator; [location withheld]

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“You ‘talk people into’ buying whole life insurance policies, which I personally think are not just a bad investment, but verging on a scam.” — R.F., Real estate investor and developer; [location withheld]

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“According to David, most advisors are ideologues, spewing the failed practices of the companies who control the financial service industry. Only his way of doing things puts the client first.” — Joe, Financial Advisor [location withheld]

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“David, I understand that you’re using Ayn Rand’s premise…

Well, you’re entitled to your viewpoint. But, I consider a flat dismissal of the codes that professionals have, for centuries, developed, refined, and attempted to live by to be absurd — and, frankly, rather silly.” — J.O., Financial Planner [location withheld]

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“I couldn’t disagree more with your view of the financial services industry.” — C.G., Certified Financial Planner [location withheld]