Why do people fail financially? As a CERTIFIED FINANCIAL PLANNER™ who has been in the business for 40 years, Lou Scatigna, CFP® has narrowed it down to a pair of simple responses as to why so many people are entering retirement with little to no assets or net worth. The two things that determine your financial success are homes and cars. It really is that simple. How you manage the purchase of homes and cars dictates your financial health in life. Do these two things right, and everything else will fall into place financially.

In this segment from The Financial Physician, host Lou Scatigna, CFP® speaks about the topic of cars. Learn how to buy a car the proper way and avoid mistakes that can drag you down financially.