03-20-2018, 04:38 PM
The use of debt. This was mostly thanks to a professor in college who showed the math of how much money you waste, and how many things you can´t buy if you are paying interest on the things you do by.
His demonstration was simple. He took a TV and pretended he bought it on credit. Then in the other example he pretended he saved 1/10 of the price of the TV and bought it for cash after 10 months. The math basically worked out like this. In the first example, he paid off the TV debt after a year. In the second example he bought the TV after 10 months, but then at the 12 month period, he was able to buy a second TV for the same amount of money he paid overall using credit.
He literally got a free TV by doing nothing other than waiting 10 months to buy the first one.
The other big saving thing for me was by cooking instead of going to restaurants. And even furthermore, but not buying prepared meals at the supermarket and instead learning how to cook from the raw materials.
His demonstration was simple. He took a TV and pretended he bought it on credit. Then in the other example he pretended he saved 1/10 of the price of the TV and bought it for cash after 10 months. The math basically worked out like this. In the first example, he paid off the TV debt after a year. In the second example he bought the TV after 10 months, but then at the 12 month period, he was able to buy a second TV for the same amount of money he paid overall using credit.
He literally got a free TV by doing nothing other than waiting 10 months to buy the first one.
The other big saving thing for me was by cooking instead of going to restaurants. And even furthermore, but not buying prepared meals at the supermarket and instead learning how to cook from the raw materials.
