I was listening to the radio this morning and heard a commercial for a tire rental company. According to the commercial, for a monthly fee you could rent rims for your car. I tried looking for a website but wasn’t able to find one. I was really curious to see what you could get and how much they cost per month.
I did find an article about a guy who started a rental tire business and became successful at it. I guess it’s a good business. But it did make me wonder how many of our people rent rims? It would be interesting to find out. Now I’m not trying to slam anyone for doing it. If you have your finances together and can pay all your bills, then cool. Change rims every week. But if your credit is shot, you have no savings and you’re renting because you can’t buy them outright, then stop it right now. Take the rims back and invest the money in something that will benefit you in the long run. That monthly payment can go to a 401K, a college savings plan or be invested in a small business venture. Keeping up with the Jones’ and trying to look fly can put you in the poor house.
In the future, I plan to blog more on money and finances. As black people, we have so much buying power. Building wealth is a new topic for us as black people. We haven’t always had the opportunity and it’s a lesson that needs to be learned. I ran across a really good article by Vuyo Jack named “The journey of an aspiring black entrepreneur: Part 1″. He talks about some of the traps students fall into financially as they move into their professional career. I thought it was right on the money (no pun intended). I found the article at http://icemanbaldy.com. Let me know what you think via the comments or voicemail hotline.
When I heard this commercial I thought about Chris Rock’s HBO Special. I found a clip of him talking about rims on YouTube. Please note the language on this clip does have some cussin’, so listener beware.
Technorati Tags: Rims, wheels, renting rims, blades