TLDR: The Automobile Purchases Calculator in Truth Concepts™ software helps clients grasp financial concepts like opportunity cost and leveraging “other people’s money.” Using hypothetical examples, you can illustrate how car purchases every 4 years can drastically erode wealth due to inflation, interest, and missed savings growth (opportunity cost). For instance,
With interest rates at what they are, you may be tempted to take up an offer of a 0% car loan without hesitation. However, it’s important to take all the information into consideration before you make a decision. Not all 0% car loans are actually 0%, and you may find
When analyzing deals, you must pay attention to more than the interest rates alone. In the past few weeks, GM published an offer for a 2020 Escalade. The offer was either for 2.99% APR, or a $9,500 rebate. Is the offer all it’s cracked up to be? Let’s find out.
Have you ever tried explaining a concept like opportunity cost to a client that just doesn’t click? Chances are, the answer is yes. As financial professionals, it’s easy to fall into a routine because we understand the principles. For a client, however, this could be their FIRST introduction to a
Bold italics are the client’s answers I’m glad we get some time together today. We are going to be using software to numerically prove the truth about how money works as it grows and to discover the most efficient way to get your money to work as hard as it