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Goodbye Edna. Hello $50,000! From: 99MoneyProblems.com

Apr 29, 2016
1 min read

Originally posted on 99 Money Problems.

Even though it's been over 20 years since your Great Aunt Edna last pinched your chubby little cheeks, she just left you a $50,000 cash money inheritance. Don't be sad, she was 92 years old and would still take her Harley out at least once a month, and... Yes, you probably should have called her more, or heck, even just called her, BUT...

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Coincidentally enough, your 10 year old Chrysler PT Cruiser is on its last leg, costing you an average of almost $150 per month in just maintenance costs, and just around the corner from your house is a slightly used electric car, you know, the kind you've been eyeing for years, and it's only $30,000 (tax and title included), BUT...

Your BFF Betty heard of your recent financial windfall and shared with you the perfect low risk real estate opportunity. With only a $25,000 minimum investment, she guarantees at least a 12% year over year return. Sometimes BFF Betty is "da man", errr, "da woman".

QUICK MONEY MATH FACTS...

A car note on $30,000 (72 months) @ 2% is $465 per month.

Interest earned on $50,000 investment @ 12% is $500 per month.

WHAT WOULD YOU DO?

A) Pay cash for the car; Go on an African safari to spread dear old Aunt Edna's ashes over the Serengeti; and Invest the remainder in AAPL stock.

B) Take the car note; Invest with BFF Betty.

C) Buy a $5.50 bus pass; Invest the remaining $49,994.50 with your BFF.

D) All these options are total rubbish; let me tell you what I'd do in the comments section on 99moneyproblems.com...


 
 
 

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