In Episode 232 of The Business Development Podcast, Kelly Kennedy sits down with Jeremie L'Heureux, founder and CEO of L'Heureux Auto Group, to explore how everyday financial decisions shape our future. From vehicle financing to managing debt, Jeremie shares real-world insights on the traps that quietly erode financial stability — and how better choices can unlock long-term freedom. Together, they dig into why smart money management matters now more than ever, especially in a world of rising costs and economic uncertainty.
Through a conversation rooted in real experience and practical advice, Kelly and Jeremie break down common mistakes people make with auto loans, leasing, and credit, and how small shifts in thinking can lead to major breakthroughs. Whether you're building a business, buying a home, or just trying to get ahead, this episode will change how you approach your next big financial move.
Key Takeaways:
1. Success in entrepreneurship comes from saying yes to the right opportunities, not just having a perfect plan.
2. Most financial mistakes happen because people lead with emotion instead of logic when making big purchases.
3. Keeping and paying off your vehicle long-term is one of the smartest financial moves you can make.
4. Negative equity quietly compounds over time, trapping people in debt with fewer and fewer options.
5. Your total vehicle costs, including payment, insurance, and fuel, should stay under 10% of your monthly income.
6. Strategic refinancing can lower your loan interest and free up critical cash flow when done right.
7. Leasing is rarely the best move for individuals and often creates hidden costs and restrictions.
8. Shifting your mindset from “what do I want” to “what can I comfortably afford” protects your future.
9. Financial literacy isn’t taught early enough, but it’s never too late to start learning and changing.
10. Every small financial decision you make today is either building your freedom or putting it further out of reach.