OT - Gas to hit 4.00

Dave Smith dave at thesmithfam.org
Wed Jun 4 16:04:54 MDT 2008


Michael Torrie wrote:
> Ignoring the fact that spending less of this kind of frivolous endeavor
> is offset by the increase in fuel prices, this little observation is
> what Marriot School professors call "million dollar decisions(tm)."
> Essentially every dollar you spend has used up almost 1.5 dollars of
> your wage.  Thus 80/mo eating out is actually more like 120 dollars a
> month, due to taxes.  So finding areas in your life where you can trim
> the fat, and supposing you can save the money rather than spending it on
> gas, you can put this before tax money into a retirement savings plan
> and add a million dollars to you final balance
>   

Yes indeed. Spending less is like giving yourself a tax free raise!

--Dave



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