That $550/month car loan for a car you bought new.
βIt's only $550.00 per monthβ sounds harmless. But that $550.00 adds up to $6,600/year. Over 10 years, if you invested that money instead, you'd have $95,611. That's $29,611 of free money from compound interest. π€―
Your car lost 20% value the moment you drove it off the lot!
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