Let's have some fun for a sec. Check out this Lamborghini car. It's yours for a cool $1.4 million. So let's say you take out a 7% loan over 5 years. The monthly payments equal (drum roll ...) $27,722 a month. Chump change ... if you're Bill Gates.

Now, I know ... someone buying a set of wheels like that will probably buy it with cash (THERE'S an idea). They wouldn't take out a stupid car loan. So get a clue from them, bub. If you can't pay cold, hard cash for a car, then you ain't ready to buy it.

I'll tell you this ... it's better to get that slap in the face from me than to take out a loan and pay 15 large for a $10,000 car that'll only be worth 6 or 7 grand when you try to sell it. How stupid is that?

Do what rich people do, baby. Save up some cash, get a beater car until you get out of debt, and then you can upgrade. Like them apples, jack?