JFAIV

Monday, December 31, 2007

New Car vs. Saving

Ever wonder what you are giving up in retirement savings when you spend money today?  Well add a zero to the price tag, and that's what you'd have in 30 years if you invested the money and earned 8% per year.  So a $40,000 car today trims your nest egg by $400,000.
Posted by JFAIV at 10:58 PM
Labels: Calculator, Investing, New Car, Retirement

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