“One of the things that teaches you something, you take, okay, our car payment is 500 bucks. Okay. Well, 500 bucks invested from age 25 to age 65 is $6 million.”

Dave Ramsey · The Ramsey Show · Don't Let Debt Delay Your Financial Future

Play from 1:26:09
1:26:09

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What was described

illustrate the long-term cost of a $500 car payment by calculating its future value

$500 per month, $6 million total from age 25 to 65

Said nearby on the same subject

“Future Sports is an index… every team starts out at 7,500. It helps people who own these teams monetize the value of their teams without selling them.”
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“I bought this car for 500 bucks. It was a Mitsubishi Nimbus, an old Mitsubishi Nimbus.”
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Said on The Founders Fire
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“I like to do is find out how much this event is going to cost and then double that amount of money as your profit… cost $500 per person → $1,500 ticket”
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“It's a simple formula. And what it is, is it calculates a ratio, a number that takes your net operating income divided by your total annual debt service, your debt payments, and it gives you a number that can be used to compare.”
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Henry Lopez
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