Carl B Menger's avatar
Carl B Menger carlbmenger@nostr.com.au 1 year ago
After 70 months of payments, you've got a paid-off car that you bought for $40k, that ended up costing you $55k (thanks to interest and insurance), that's now only worth $16k (thanks to depreciation).   But stacking $500 worth of #Bitcoin monthly is considered risky. HFSP

Replies (3)

Default avatar
npub1q8r7...cy9z 1 year ago
Agree with the sentiment, and: If you can take out fiat debt at less than the inflation rate, this is actually a positive move. (I know cars depreciate fast, and you probably shouldn't get the 40k option) I was the idiot that would save up and buy a car outright because I never wanted to feel like a debt slave, though.
↑