Devin Thorpe, founder of the Your Mark on the World Center, calls himself a champion of social good. He writes about, advocates for and advises those who are doing good. He travels extensively to share his message as a keynote speaker, emcee and trainer. As a Forbes Contributor he covers social entrepreneurship and impact investing. His books on personal finance and crowdfunding draw on his entrepreneurial finance experience as an investment banker, CFO, treasurer, and mortgage broker helping people use financial resources to do good. Previously he worked on the U.S. Senate Banking committee staff and earned an MBA at Cornell.

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I just paid off my car. Should I trade it in now?

Congratulations on paying off your car. There were probably days along the way when you worried the car wouldn’t last as long as the loan on the car, but it made it! You have taken a huge financial step forward. Now what?

Follow this simple system and you’ll never have a car payment again!

  1. Keep driving the car you have now.Take care of it. You want this baby to last for years. (If you haven’t told your car lately that you love her, now might be a good time.)
  2. Keep making the car payment.What!?! Make the car payment into a savings account. Keep the money sacred for your next car.

This article was first published at FamilyHow.com; to read the entire article, click here.  It is also included in my latest book 925 Ideas to Help You Save Money, Get Out of Debt and Retire A Millionaire So You Can Leave Your Mark on the World available for free at Smashwords.

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