My wife and I built our position over the last ten years on the back of a Camry! All our mates took the piss. I’m not even in the fire community but it’s just a financially sound decision.
At 29:00 you mention having to make $35 extra to spend $20. It’s worse than that when you consider investing $20 instead compounded annually at 7% for 30+ years.
$20 once off becomes $150 and $20 extra per week for 30 years becomes $100K
It's so retarded that so much our political conversations is dominated by these victimhood narratives when we should really be focusing on productivity and innovation. This is why we have spent the last 15 years with barely any pro growth reforms.
My wife and I built our position over the last ten years on the back of a Camry! All our mates took the piss. I’m not even in the fire community but it’s just a financially sound decision.
At 29:00 you mention having to make $35 extra to spend $20. It’s worse than that when you consider investing $20 instead compounded annually at 7% for 30+ years.
$20 once off becomes $150 and $20 extra per week for 30 years becomes $100K
It's so retarded that so much our political conversations is dominated by these victimhood narratives when we should really be focusing on productivity and innovation. This is why we have spent the last 15 years with barely any pro growth reforms.