How fucking stupid can you be? I get it, people want toys. That is fine. Save up for them, pay them down fast. Hold as little debt as possible when you can. If he wanted the bike he should have "delayed gratification", saved for a few years and put a high down payment on it (if he could not pay it off entirely) then paid it down as quick as possible. Instead, he has no savings and wants to retire soon.. How do you expect to retire without any savings? Archive: https://archive.today/r8Exr From the post: >>A finance expert gave a harsh reality check to a caller who hoped to retire at 58 despite having no savings and a pricey auto loan draining his wallet. Scott from Baltimore, Maryland, learned the hard way that one bad purchase decision can undo years of financial discipline when he splurged on his dream ride, a Harley Davidson motorcycle. On a recent episode of The Ramsey Show, Scott confessed to Dave Ramsey that he's struggling with a $20,000 auto loan for his bike, almost as much as his $25,000 mortgage for his home. 'That's weird,' Ramsey said. 'You did so good on the house and so poorly on the motorcycle. That was a weak moment.'