
taken from Dave Ramsey's "TOTAL MONEY MAKEOVER"
A new $28,000 car will lose about $17000 of value in the first four years you own it. To get the same result, you could toss a $100 bill out the window once a week during your commute.
For my Filipino friends
A car worth P1.4 million pesos will lose about P850,000 of value in the first four years you own it. To get the same result you could toss P1,000 pesos a day every week except on Sundays during your commute.
What do i do then:
Get the P850,000 and invest it somewhere that might give me 10% annual return. At the end of 4 years you would have an accumulative income of at least P1,244,350


1 comments:
a big Amen to that :)
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