how to finance an airplane

[will moffitt]

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WOMAN: DO YOU DRINK BEER?

MAN: YES

WOMAN: HOW MANY BEERS A DAY?

MAN: USUALLY ABOUT THREE

WOMAN: 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?

MAN: ABOUT 20 YEARS, I SUPPOSE

WOMAN: SO A BEER COSTS $5 AND YOU HAVE THREE BEERS A DAY WHICH PUTS YOUR SPENDING EACH MONTH AT $450. IN ONE YEAR, IT WOULD BE APPROXIMATELY $5400 CORRECT?

MAN: CORRECT

WOMAN: IF IN 1 YEAR YOU SPEND $5400, NOT ACCOUNTING FOR INFLATION, THE PAST 20 YEARS PUTS YOUR SPENDING AT $108,000 CORRECT?

MAN: 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 AN AIRPLANE?

MAN: DO YOU DRINK BEER?

WOMAN: NO.

MAN: WHERE IS YOUR AIRPLANE?


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[will moffitt]