Goodbye Edna. Hello $50,000! From: 99MoneyProblems.com
- Money Math Man
- 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...

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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