PinchingPennies

Saving money to pay off student loans and consumer debt

Buy an iPhone or be a Millionaire

The Joy of Tech cartoon depicting the decision to buy a new iPhone or invest the money and retire a millionaire.

The analysis of the computation is pretty interesting too. But is it accurate? It seems the big assumption is the interest rate of the index fund being 10%. This hasn’t been my experience for the last 8 years but maybe going forward…

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July 21, 2008 - Posted by | savings | , ,

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