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How to make your kid have 1 in 2 odds of getting a new $10,000 car when he/she is 21

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Last Edited: July 18, 2009, 6:28 pm

The titled of this blog is: How to make your kid have a 1 in 2 odds of getting a New $10,000 car when he/she turns 21 all by investing $200 a month for 2 years and 1 month...

You know i just realized this...You could do this with a car...For example...2,000 people x 200 every month for 2 years = 10 million dollars...Now the 5% interest on those $10 million is $500,000 EVERY YEAR and $500,000 divided by $10,000 price of a cheap car = 50...That's 50 cars a year x 20 years = 1,000 cars...So 2,000 people with 1,000 cars that's 1 in 2 odds of getting a brand new $10,000 car...Except the 20th year they all pull the plug and get their 200 dollars a month for 2 years they get it back...Nobody paid for the car...

like for your kids, like an initial investment for your kids when they are born so that when they grow up and turn 21 old enough to drive they have their car....

That will be 1 in 2 odds of getting a brand new $10,000 car...Imagine if the car had costed $5,000 like a used car, then all 2,000 people will have gotten a used car for their kids...But what's funny? is that they will have gotten the 200 dollars for 2 years that they initially had invested, they will get it back...So theoretically they will not pay for anything...

The only problem with this theory is taxes....

i wonder if you could do it with a house? GET A HOUSE FREE...lol...

remember everything is relative...

even if you can get a 1 in 2 odds to get a brand new house it will have been a breakthrough....

Entry #352

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