Some warnings represent conditions that can destroy your engine or transmission in minutes if you keep driving. These are not "schedule service soon" signals.
Oil Pressure Warning (red oil can). This is the one that matters most. If your oil pressure drops, your engine's moving parts are running without lubrication. Metal on metal. Pull over, shut the engine off, and call for a tow. Driving even two miles on low oil pressure can cause catastrophic engine damage that costs more to repair than the car is worth. This is not hyperbole — we see it happen.
Engine Temperature Warning (red thermometer or "TEMP"). Overheating destroys head gaskets, warps cylinder heads, and seizes engines. Pull over as soon as it's safe, turn off the engine, and wait for it to cool before opening the hood. Do not remove the radiator cap while the engine is hot. In Memphis summer heat, overheating can happen fast — especially if a coolant hose has failed or the water pump has given out.
Brake Warning Light (red circle or "BRAKE"). If this comes on while driving (not just during startup), it typically means low brake fluid or a hydraulic pressure failure. Both are serious. If the brake pedal feels spongy or requires more pressure than usual, pull over immediately — you may be losing braking ability.