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Lawyer Making $200K Explains Why She Drives A 14-Year-Old Vehicle

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Most people are of the mindset that the more money you make, the more you have to spend. While that is technically true, it doesn’t mean that spending that money is always a good idea.

One lawyer shocked TikTok by explaining one of the frugal choices she made in spite of her high salary.

A lawyer shared one of the frugal lifestyle choices she made on TikTok.

Annie Unbroke, a lawyer and single mom from Canada, is the founder of Get Unbroke, a movement to help women find financial freedom. Unbroke recently shared some surprising information with her almost 9,000 TikTok followers about one way that she saves money.

“I make almost $200,000 a year as a lawyer, and I drive a used 14-year-old vehicle,” she stated.

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Unbroke explained why she made the decision to own an older vehicle. “I was able to buy my car in cash, and I chose to do so rather than taking out a loan on a newer vehicle because cars go down in value really fast,” she said.

“Even if you get a decent interest rate on a vehicle loan, the vehicle is going down in value so fast that sometimes people end up owing more on a vehicle than it’s worth,” Unbroke said. “This is something you want to avoid at all costs.” 

Her message was simple: “So, if you’re able to buy an older, reliable used vehicle in cash, rather than taking out a loan on a new or newer vehicle, do it.”

Not everyone understood why Unbroke would make such a decision.

Unbroke received quite a few comments from people who wondered why she wouldn’t spend more money. One person said, “Lady, you make 200K a year! Live a little.” Unbroke responded to this comment in a follow-up video.

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