@Cara Lonsdale this is great, thank you!

@Kristin Caras as you mentioned, so much of this is market dependent.

Zamora Cordova a super easy way to know if you should buy a car (depreciating asset) vs. a house/investment (appreciating asset) is if you have to ASK WHICH YOU SHOULD BUY then YOU CAN NOT AFFORD THE CAR  :)Seriously, it's a flipping car, a nice one, but who cares. 

@Steve Vaughan My work pays for my car as long as it is 4 models year old.

This is what the intelligent investors do, they'll even have multiple refi exit strategies as well to make sure their income/credit/assets qualify (extra cash reserves, payoff car as an option, payoff debt as an option, co-borrower as an option, etc). 

It is a valid strategy under different circumstances, different risk tolerance levels, and also quite important when the debt is costing you money and not producing income (bad debt or what have you) like when the debt is on a car, a credit card, student loan, etc. and you are trying to free up cash flow in the budget so you can start investing sooner in the kind of stuff you were just talking about.

This could include land, a car, a boat, jewelry or valuable collectibles.

@Kristin Caras exactly right - even if the deals all come up negative, at least we are practicing analyzing deals.

The podcasts definitely are awesome and you'll often find me listening to them in my car as well!

I use and highly recommend Cara Whalen from Daniel McCabe's office in the City of Poughkeepsie.