Life and choices

If 40 years old = 10’971 days left?

Life and Choices

Dependent

learn to earn

earn, live below

your income and

savelive on whatever

you saved

Inter-dependent In/dependent

Life and choices

Life and choices

Life and choices

The cost of DEBT

list price: R800,000

deposit: R120,000

bond: R680,000

finance: 240 months

annual rate: 9.5%

payment: R6,338

total: R1,521,238

+ R120,000 (deposit)

= R1,641,238

interest: R841’238 (lost opportunity)

CUMULATIVE INTEREST: 123.7%

purchase price R300’000

finance 60 months

rate 10%

payment R6,374 per month

The cost of DEBT

total R382,446

interest R82,446 (lost opportunity)

CUMULATIVE INTEREST : 27.5%

R82,446

R132,780

R893,278

R344,397

R2,316,933

5yrs 10yrs 20yrs 30yrs 40yrs

10%pa

OPPORTUNITY COST

But I have to have a car

(And a house)

The True cost of DEBT

“Destiny is no matter of chance.It is a matter of choice: It is not a thing to be waited for, it is a thing to be achieved.”- William Jennings Bryan