Wednesday, January 28, 2009

you do the math


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:

April said...

a big Amen to that :)