Critical Thinking
At Its Best!
Woman:
Do you drink beer?
Do you drink beer?
Man: Yes
Woman:
How many beers a day?
How many beers a day?
Man:
Usually about 3
Usually about 3
Woman:
How much do you pay per beer?
How much do you pay per beer?
Man: $5.00 which includes a tip(This is where it gets scary !)
Woman:
And how long have you been drinking?
And how long have you been drinking?
Man:
About 20 years, I suppose
About 20 years, I suppose
Woman:
So a beer costs $5.00 and you have 3 beers a day which puts your spending each month at $450.00. In one year
So a beer costs $5.00 and you have 3 beers a day which puts your spending each month at $450.00. In one year
, it would be approximately $5400.00 correct?
Man:
Correct
Correct
Woman:
If in 1 year you spend $5400.00, not accounting for inflation, the past 20 years puts your spending at $108,000.00 correct?
If in 1 year you spend $5400.00, not accounting for inflation, the past 20 years puts your spending at $108,000.00 correct?
Man:
Correct
Correct
Woman:
Do you know that if you didn't drink so much beer, that money could have been put in a step-up interest savings account and after accounting for compound interest for the past 20 years, you could have now bought a Ferrari?
Do you know that if you didn't drink so much beer, that money could have been put in a step-up interest savings account and after accounting for compound interest for the past 20 years, you could have now bought a Ferrari?
Man:
Do you drink beer?
Do you drink beer?
Woman:
No.
No.
Man:
Where's your Ferrari?
Where's your Ferrari?
2 comments:
It would be good if her answer was, I have a retirement account instead.
I'll keep my beer and 1988 Corolla Wagon thank you..
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