3 ms·
I feel awkward posting again but I couldn't help but point this out once I had noticed: if you spent $1000 on a coat that's good for 30 years, in 30 years you'l
by wcarss 6y ago
I feel awkward posting again but I couldn't help but point this out once I had noticed: if you spent $1000 on a coat that's good for 30 years, in 30 years you'll just have one very old coat.
But if you spend $100 on a crappy coat today, and invest the other $900?
Assuming you can swing a 6% average return over 30 years, you'll get ~$108 interest every 2 years. Buy a new coat with that and repeat, and in 30 years you'll have a new coat, 15 old ones (to sell?), your original $900, and ~$120 extra!