2 Things the Middle Class Should Never Sell To Build Their Savings
Written by
Laura Beck
Edited by
Zuri Anderson
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Think you need to sell everything to boost your savings?
Financial expert Anthony Termini from RetireGuide shares what you should hang onto — even when money’s tight.
That Reliable Used Car
Termini learned this lesson early.
“When I was a very young kid, my dad bought a late-model used car. Everybody thought it was new; his co-workers, our neighbors and certainly me,” he recalled.
The strategy? Buy used, maintain well, and keep driving.
“Keeping the car for a decade or longer can repeat the savings over and over again (compared to trading it in — and definitely compared to leasing),” Termini noted.
Quality Stock Investments
Here’s where Termini shares a painful personal lesson.
“When I was young (before iPhones) I sold my Apple stock to get out of debt from my college loan,” he admitted. His verdict?
“Never sell a high quality stock,” Termini said.
That decision turned into what he calls the “most expensive college education in history… and not because I went to an Ivy League school!”
The Long Game Matters
Instead of selling these assets for quick cash, focus on maintaining their value. That used car? Regular maintenance costs way less than car payments.
Quality stocks? They might have ups and downs, but history shows the best companies tend to grow more valuable over time.
Pro tip: Think like Termini’s dad — “new-to-you” can look just as good as brand new, and you don’t have to sacrifice quality to save money. Keep what works, take good care of it and let time work in your favor.
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