Okay, one activity in my math class is to calculate how much one of your "vices" cost you. Figure out how much money you spend on a vice like cigarettes, lattes, etc..
If you put that money towards Coach instead, what could you buy?
Reverse, figure out how much money you spend on Coach annually, monthy, etc...
If you invest that money in an annuity (let's say 5%) how much money would you be able to save in 20 years? What would you use the money for?
Use http://www.1728.com/annuity.htm for the calculation. Choose TOTAL button before you enter in the information
Does the amount shock you?
If you put that money towards Coach instead, what could you buy?
Reverse, figure out how much money you spend on Coach annually, monthy, etc...
If you invest that money in an annuity (let's say 5%) how much money would you be able to save in 20 years? What would you use the money for?
Use http://www.1728.com/annuity.htm for the calculation. Choose TOTAL button before you enter in the information
Does the amount shock you?