2. Don’t waste thousands on car breakdowns

No. 2 on our list of great tricks to build wealth is to stop wasting lots of money on car breakdowns. As a nation, we’re hanging on to our vehicles a lot longer. According to a recent report, the average US car is now 12.1 years old. The problem is that the majority of big-ticket auto repairs take place long after the warranty has expired.

Paying out thousands of dollars in car repairs every year means less money to invest. Luckily, you can get excellent coverage for repairs with Endurance. The company sells auto service contracts, which are similar to car warranties.

They will cover your car until it’s 20 years old. Think of it as up to a couple more years without an auto payment, which is quite tempting considering that the average new car loan is more than $710 a month.