Drive like a millionaire ... in a 1993 Ford Taurus

The Onion, a leading satire website, has been one of the funniest websites in the world for a long time, but every once in awhile, there's a bit of serious financial wisdom in its content.

In the video below, a "Ford vice president" Daniel Grossman announces Ford's "new vision for the future of automobiles in America -- the car for the modern age, the 1993 Ford Taurus." All you need is $650 in cash.

The video's funny, but here's the truth: If your goal is to be rich, you'll have a lot more in common with a rich person by driving a 1993 Ford Taurus than you will by leasing or financing any other car.

Here's why: According to research in Dr. Thomas J. Stanley's new book Stop Acting Rich, millionaires drive all kinds of cars -- the most popular being an entry-level Toyota. Some drive Mercedes, Volvos, and BMWs, but the overwhelming majority of millionaires have one thing in common: When they buy a car, they pay with cash.

If you need a car and want to avoid debt, you may be able to drive something that's less of a punchline than a 1993 Ford Taurus (but if not, that's OK too!). Check out Consumer Reports' list of the best used cars by price range, starting at under $4,000.

Read Full Story

Can't get enough personal finance tips?

Sign up for Finance Report by AOL and get everything from consumer news to money tricks delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.