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Reader Comments (Page 1 of 1)
sd 5:39PM (12/23/2007)
This makes no sense.. since he was holding coins in his home he was earning zero interest on the loose change. And in fact, it wasn't loose change at all. To make a saving of just over 26K in 13 years requires a DAILY contribution of over 5 dollars. I can't think of a time where I've wound up with 5 dollars or more of loose change in a single day. Clearly, this guy was turning some of his dollar bills into coins so he could make a statement with it. He could have invested as little as $17K over the 13 year period and with even some conservative compound interest rates, he's have over 28 grand for that money..
Reply
MemphisNET 5:43PM (12/23/2007)
That required far too much thinking.
John 6:02PM (12/23/2007)
I was thinking exactly the same thing.
rndmnme 6:50PM (12/23/2007)
Uhh, no it doesn't.
It's fairly simple. If Mr. Brant would have done the "smart" thing and invested the money, or simply deposited it into a bank account he would have more money because of interest.
- 1:05AM (12/24/2007)
A truly frugal person wouldn't buy new cars.