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Critical Thinking

mdwest

BoM Feb 13 - BoY 2013
Rating - 100%
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Joined
Aug 1, 2012
Messages
6,805
Location
DFW
Woman:
Do you drink beer?


Man: Yes


Woman:
How many beers a day?


Man:
Usually about 3


Woman:
How much do you pay per beer?


Man: $5.00 which includes a tip


Woman:
And how long have you been drinking?


Man:
About 20 years, I suppose


Woman:
So a beer costs $5 and you have 3 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 a Ferrari?


Man:
Do you drink beer?


Woman:
No


Man:
Where's your Ferrari?
 
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