Where’s Your Ferrari?

A quick reminder to use time to your advantage :) Courtesy of an awesome post I read over at The Motley Fool – Happy New Year!

There’s an old story about a guy taking a smoke break with his non-smoking colleague.

“How long have you been smoking for?” the colleague asks.

“Thirty years,” says the smoker.

“Thirty years!” marvels the co-worker. “That costs so much money. At a pack a day, you’re spending $1,900 a year. Had you instead invested that money at an 8% return for the last 30 years, you’d have $250,000 in the bank today. That’s enough to buy a Ferrari.”

The smoker looked puzzled. “Do you smoke?” he asked his co-worker.


“So where is your Ferrari?”

[Photo cred: Axion23]

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  1. Kathy January 1, 2014 at 8:29 AM

    Does a Lexus count?

    Happy New Year!

    1. J. Money January 2, 2014 at 10:18 AM

      Sure, why not ;)

  2. Abi@debtfreeindubai January 1, 2014 at 9:52 AM

    That’s hilarious. Happy new Year.

  3. Debt BLAG January 1, 2014 at 10:13 AM

    I guess I would show him my degree. Or point toward the hospital

    1. J. Money January 2, 2014 at 10:19 AM

      At least you *know* where it all went!

  4. Dave @ The New York Budget January 1, 2014 at 10:56 AM

    Ha – great story! Without a complete plan, people tend to “save” on certain things, just to spend in other wasteful areas of their lives, with the same result. Spend money only on your priorities and save the rest! Have a complete plan.

    1. J. Money January 2, 2014 at 10:22 AM

      Yup. Two sides of the equation – finding ways to cut expenses and/or get good deals for things, and then PUTTING THAT MONEY SOMEWHERE safe. It’s exactly why I’m a proponent of getting a tax refund at the end of the year even though it’s technically not smart giving a “free loan” to the gov’t. The truth of the matter though is that getting a chunk in your hand gives you a much better chance of stashing some away than taking out $50/mo or whatever and saving/investing it. Unless you’re conscientious enough to automate it and/or read awesome blogs like ours ;)

  5. Joe January 1, 2014 at 11:32 AM

    Good stuff. Happy New Year!

  6. Done by Forty January 1, 2014 at 2:59 PM

    Hilarious. And really appropriate for the PF community.

    1. J. Money January 2, 2014 at 10:23 AM

      Yup! And since there’s a sexy car involved (as well as smoking), it hopefully reaches those non-finance nerds out there too :)

  7. Heather January 1, 2014 at 6:44 PM

    Haha, that’s some good perspective!

  8. Micro January 1, 2014 at 7:50 PM

    To which you reply, I would never waste my hard saved money on such an expensive car. I could be a perfect driver and it can still get totaled. :)

    1. J. Money January 2, 2014 at 10:27 AM

      That, or “I have $200k in my bank And a Ferrari! A sexy used one!”

  9. theFIREstarter January 2, 2014 at 2:33 AM

    That’s pretty funny :)

    The article over at motley fool is great as well. At age 32 ever £1 I save today will be worth roughly £8 when I’m old and g grey and that’s after inflation! If that’s not motivation for young folk to get in the game early, even if it’s only for a small amount each time, I don’t know what is.

    Cheers J for the link and happy new year!

    1. J. Money January 2, 2014 at 10:28 AM

      Right? The trick is actually *DOING IT* though. And remembering so… might be best to just automate the xfer so you can’t forget/get tempted to stop!

  10. Jon @ MoneySmartGuides January 2, 2014 at 9:00 PM

    That’s great…so many are quick to judge others but are just as wasteful with their money.


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