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  1. 06-09-2005, 08:27 AM #1
    Sara Noel
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    Default Every dollar we spend is actually 6.7 dollars lost forever.

    http://credit.about.com/cs/consumerwisdom/a/081100.htm
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  2. 06-09-2005, 10:09 PM #2
    Telephus44
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    An interesting article, but I really think that the title is misleading. Firstly, the assumed rate of return on investment sounds a little high to me, secondly I'd have to wait 20 years to get my $6.70, and thirdly, it fails to take into account other costs associated with investing your $. While I definetly agree with the author that you shouldn't run up your credit card bills or purchase unnecessary things, I think that the math has been presented in a very misleading light.
    Loving wife to DH (8/31/03) and Mommy to Owen Alexander (9/20/06)

    Baby #2 due 5/30/2012
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