4 DEAD SIMPLE NUMBERS FOR BUYING A CAR

@mastermoneyco

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Why it worked

The video provides actionable, easy-to-understand financial advice for a common major purchase, using simple calculations and clear on-screen text. The call to action to comment for a 'Money Academy' creates engagement and a clear path for lead generation.

Summary

The video outlines four key numbers to consider when buying a car: the maximum affordable car price based on annual income, the maximum monthly car payment based on take-home pay, the maximum loan term, and the estimated resale value after five years. The creator encourages viewers to comment 'MMA' to receive a link to their 'Master Money Academy'.

Structure

1Introduce 4 numbers for car buying
2Calculate max car price (35% of annual income)
3Calculate max monthly payment (7% of take-home pay)
4Determine max loan term (current year + 4)
5Estimate future value (50% of sticker price after 5 years)
6Call to action: Comment 'MMA' for Master Money Academy

Original caption

Four dead simple numbers for buying a car

More from @mastermoneyco

Call to action

COMMENT MMA DOWN BELOW AND FOLLOW FOR MORE PERSONAL FINANCE INVESTING AND WEALTH

On-screen text

4 DEAD SIMPLE NUMBERS FOR BUYING A CAR 1. $72,000 * 0.35 2. $5,000 * 0.07 3. 2030 4. $25,200 * 0.5 TAKE YOUR ANNUAL INCOME AND MULTIPLY IT BY 0.35 THAT'S THE ABSOLUTE MOST YOU SHOULD CAR I WANT YOU THAT TAKE HOME PAY AND MULTIPLY IT BY 0.07 THAT'S THE MAX CAR PAYMENT YOU SHOULD EVER HAVE TAKE THE CURRENT YEAR AND ADD 4 THAT'S THE LONGEST YOUR LOAN SHOULD EVER BE TAKE THE STICKER PRICE AND MULTIPLY IT BY 0.5 THAT'S ROUGHLY WHAT WORTH IN FIVE YEARS HOW TO BUILD COMMENT MMA DOWN BELOW SEND YOU A MONEY ACADEMY AND FOLLOW FOR MORE PERSONAL FINANCE INVESTING AND WEALTH

Transcript

Take your annual income and multiply it by 0.35. That's the absolute most you should car. I want you that. Take home pay and multiply it by 0.07. That's the max car payment you should ever have. Take the current year and add 4. That's the longest your loan should ever be. Take the sticker price and multiply it by 0.5. That's roughly what worth in five years. How to build. Comment MMA down below. I will send you a Money Academy and follow for more personal finance investing and wealth.