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re: Dave Ramsey's advice to pay off a car loan, rather than invest
Posted on 1/4/20 at 4:07 pm to TigerTatorTots
Posted on 1/4/20 at 4:07 pm to TigerTatorTots
nm
This post was edited on 5/21/20 at 1:59 pm
1
Posted on 1/4/20 at 4:15 pm to sacrathetic
You said he paid $6 million in cash for an office.
I stated what that cash would be worth
Investing the money he saved on servicing the debt would be minuscule over a 10 year period compared to the full amount being invested on day 1.
Using Dow numbers - 10500 10 years ago. 28800 today. You do the math and factor in compounding and dividends.
I stated what that cash would be worth
Investing the money he saved on servicing the debt would be minuscule over a 10 year period compared to the full amount being invested on day 1.
quote:
Congrats on posting some completely inaccurate numbers.
Using Dow numbers - 10500 10 years ago. 28800 today. You do the math and factor in compounding and dividends.
This post was edited on 1/4/20 at 4:18 pm
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