11-11-2016, 07:51 AM
(11-11-2016, 06:46 AM)gstanford Wrote:(11-11-2016, 06:33 AM)SickBeast Wrote: Ugh I'm not a socialist leech!
I never said you were. I was talking to Trollo, in Trollo terms.
1 million over 30 years is 33,000 odd. The trucks he likes to drive cost more than that, so once he retires everytime he gets another one he squanders a years worth of his nest egg.
Not much on the finance though.
Do you think that every time I buy a truck I start from scratch, no equity?
So if my $40K truck is worth $20K after 4 years and I buy another $40K truck every four, what is my truck cost?
$20K every four years, or $5K a year.
If my wife and I are making over $50K in the social security, and have your $33k a year from the million, do you think we will still be able to eat? Of course, a person doesn't have to buy a new car every four years. The street locomotives will last 10 years pretty easily.