Let me get this straight someone paid $4,000 for an extended warranty on a cheap car you are a fool.
That's 20% of the value of this vehicle brand new.
Financial literacy is a huge passion of mine.
You could have took $4,000 and put it into a online savings account before the whole covid-19 you could have been earning 2% interest. Compound interest is a wonderful thing.
Most people also finance the extended warranty so they pay even more for them.
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DISCLAIMER: not being mean, just pointing out a few things. I am not a professional, but I play one on TV and slept at a Holi....
Before I begin....savings account? Really? Money market at a minimum for the average Joe or Jane. Mutual Funds are the next step up. You can easily get higher returns, even for novices. Then there are stocks; the long term investment. And real estate.
Back to the point...grammatical literacy is my passion....lol Again, I'm not perfect, but I do notice glaring mistakes. (even my own...) You called rallytaff a fool. Really? Deficient in personal finance knowledge? Sure. Financially uninformed or ignorant? Sure.
Could I say you are a fool when it comes to your grammar? I will not, sir. We all need improvement and lack the skills to craft clear, concise sentences and paragraphs. We type in shorthand, especially me! Guilty. But I could not pass up on your post.
INSTEAD OF WRITE THIS
savings account money market account
this straight someone this straight. You
You could have took You could have TAKEN the $4,000
and put it into a online and put into AN online
Most people also finance In addition, most finance
covid-19 you could Covid-19 event. You could
cheap car you are cheap car? You sir, are
With a few more modifications on the fly, you end up with this:
Let me get this straight, rallytaff. You paid $4,000 for an extended warranty on an inexpensive car that you cannot begin to use for three years? $4,000 is approximately 20% of the vehicle's value when new.
Financial literacy is a huge passion of mine and you sir, are in desperate need of Personal Finance training. You could have placed that $4,000 into a money market account before the whole covid-19 event. You would have earned approximately 2% interest, compounded daily. Compound interest is a wonderful thing! Look that up.
In addition, most finance the extended warranty and that increase the total cost of the warranty. However, if it is financed, most wouldn't have the $4,000 to put into a money market account to begin with. In those cases, my point is irrelevant.
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