I had Andrei Smith back on the podcast recently where we talked about what's ailing the car industry, the promise of autonomous and electric vehicles and the owning vs. leasing debate. He also shares his observations on the current zeitgeist in Silicon Valley when it comes to status symbols and car buying behaviors. Enjoy!

Details:

• 0:00~1:14 Introduction
• 1:14~2:04 Current state of car dealerships
• 2:04~11:14 The slowdown in car sales 
• 11:14~19:08 Introduction of electric car sales
• 19:08~22:45 Current trends in car purchasing
• 22:45~23:14 A Word from NGPF
• 23:14~26:13 New generation of wealth in the Silicon Valley
• 26:13~29:02 Investment knowledge of the uber rich
• 29:02~36:25 Getting closer to fully autonomous vehicles
• 36:25~41:00 Side hustles Andrei is a part of 
• 41:00~42:13 Conclusion 

Resources:

• PeerStreet

Quote:

• “I actually hate driving, I know it’s weird because I sell cars, but I sell cars because I love people.”

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.