|
I read a good random thought the other day:
If you're going to buy a $50,000 car and want to pay cash to avoid interest that's fine
At the end of 5 years you have a car that's worth $20,000 that fully paid for
If you instead put $50,000 into a stock paying a monthly dividend at 8% and use the dividend to make a loan payment on the car then at the end of 5 years you'll have your $20,000 car paid for and $30,000 left in your stock investment for a total of $50,000
Paying cash for shit might not always be the best thing to do
|