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FREE CALCULATORS! Click from the list below to get started. |
 See that picture of the hot car above? Ignore it. New cars look like so much fun but you really don't need one, at least not right now. Start saving, investing, and paying off debt and in five or ten years you can buy it with cash. Let "I don't need it" become your personal mantra. That is the ticket to financial freedom. Interestingly by the time you can afford to pay cash for a hot car you will probably find yourself reluctant to deplete your $125,000 savings account. Think about it - if you keep that money in the bank instead of buying the car you will gain $6,250 per year in interest, assuming a 5% interest rate. But if you buy the car you will likely lose $6,250 per year as the car depreciates. That said, if you save that much money and still decide to buy the car then go ahead - you deserve it! Click on a calculator link at left to start exploring! |
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