The average car payment in the US is $500/month. If you saved $500/month from age 20 to 60 you would have $1M-$5M in savings.
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The average car payment in the US is $500/month. If you saved $500/month from age 20 to 60 you would have $1M-$5M in savings.
A woman asks her husband, "Do you drink beer?"
He replies, "Yes."
She then asks, "How many beers a day?"
"Usually about three," he says.
She does some quick math and asks, "How much does each beer cost?"
"About $5."
She continues, "How long have you been drinking?"
"About 20 years"
The wife calculates and says, "If you’ve been spending $15 a day on beer for 20 years, that’s $5,475 per year. Over 20 years, that’s $109,500! If you had invested that money in a compound interest account, you could have bought a Ferrari by now!"
The husband thinks for a moment and then asks, "Do you drink beer?"
"No," she replies.
He smiles and says, "Where’s your Ferrari?"
Your post made me think of this joke 😂
Cars are often one of the worst investments financially. A wife and/or kids even worse.
Yikes! Makes me doubly grateful for our 1997 Nissan and our 2003 Chevy truck; both run just fine and both are paid for...
That's a lot of money.