Archive for June 3rd, 2008

Sold My Infiniti G35

When I started my 6FiguresNBroke blog, I mentioned that I loved my 2006 Infiniti G35 which was financed at a “fantastic interest rate.” Well even with the great rate, the payment was still $820.00 per month. Not only was the payment high, but upkeep was also expensive. See, it wasn’t just your typical 2006 Infiniti G35 coupe, we put several thousand dollars of after-market parts in to the car (to the tune of $13k-$15k). As a result, the rear tires needed to be replaced twice a year. These were 20″ tires and wholesale price on each tire was close to $300.00. So there is $1200/year in tires.

June 03, 2008 | BigSpender | Comments 2

In Debt We Trust DVD Review

I have recently had the privilege of watching the documentary In Debt We Trust by filmmaker Danny Schechter. The film is different than Maxed Out in that it takes an in-depth look at the credit-lending scene. It touches briefly on collectors but discusses credit cards, predatory lending, cash advance/payday lenders and more. The filmmaker also queries users to ask the question if the next bubble to burst is going to be the credit industry, much like the mortgage industry is going through woes (as a result of the subprime/predatory mortgage lending market). He didn’t present this concept in a doom and gloom the sky-is-falling way but instead as a question that consumers must ask themselves.

June 03, 2008 | BigSpender | Comments 0