Woman admits fleecing shopping network of more than $412,000

SUBMAN1 · 11-02-07, 10:39 AM

Quote:

Originally Posted by Neal Stevens

Quote:

Originally Posted by SUBMAN1

An example of just how bad credit is, simply take a car payment. The average US car payment is $400 a month. Do you know that if you paid yourself $400 a month for 40 years straight into a decent mutual fund that this would add up to $4.5 Million dollars at a normal return on investment of 12%? That car you have there must be a pretty nice car for $4.5 million!

The car companies know this, but would rather not tell you because they want that 4.5 million in their pocket, not yours! Hope you like the car!

Lol, that would be a dandy car, if you paid $400 a month on it for 40 years, as you suggested

That's the point. If you paid yourself $400 a month for 40 years (assuming no interest, nothing), that would equal $192,000 car. If you however invested it in a mutual fund - the exact same $192,000 out of your pocket would then be worth $4.5 Million, and you could buy yourself over 23 times over of the exact same CAR!!!! This is for the same $192K out of pocket total expenses.

-S