$100,000!
Pick your option.
Option A or Option B? Today you get to choose which of two reactions you expect to feel after reading only the beginning of my newsletter. When you finish you can decide if your initial reaction was your final reaction.
$104,000? Really? Please!
Four years ago, I bought a new car. I custom-ordered a Tesla 2020 Model X SUV. I paid $104,000 for the car. For simplicity purposes, I will round most numbers in this analysis to the nearest thousand.
I took out a $100,000 automobile loan. I got the balance of $4,000 I needed by rummaging through our sofa seat cushions.
Here are your options.
Now for your reaction. Remember you can only pick one of the two options from below. I know there are three doors above but you only get two choices.
A. “Randy, are you out of your frigging mind? You are a retiree living on a fixed income. There is absolutely no good reason you should be buying such an expensive car. That is both idiotic and crazy. Not only should you not BUY a car like that you should not GET A LOAN to buy a car like that. It would be best if you bought your cars with cash”.
B. “Randy, I would be the first to admit that you do seem to do some strange things at times. However, I have read these newsletters long enough to know there is always going to be a very strong rationale to support whatever you do. I’m going to give you the benefit of the doubt”.
Now you have made your reaction choice. You picked reaction A or reaction B. Put that in your back pocket and read the rest of what I have to share. Then when you are finished, go back and decide if you want to change the reaction you selected to begin with.
This was new ground for me.
To be honest and I am always honest I had never bought a $100,000 automobile before. In tandem with that, I had never gotten a $100,000 car loan either. All of this was sort of out of my wheelhouse. See what I did there?
$1,480? Really? $1,480? Have you absolutely lost it?
You might be wondering. What is the monthly payment on a $100G car loan? Sheepishly, I will tell you it’s $1,480. Would it be O.K. if we didn’t mention this to Carol (above, left)? She doesn’t always read each of my newsletters completely. With any luck, she won’t read this one either.
I grew up poor. If a trip around the world cost a dollar I couldn’t have afforded to get to the state line.
What IS my history with buying expensive stuff like this? When I was sixteen my parents bought me a new car. Does that statement make it sound like I was spoiled? Well, it was a new car to me anyway. In 1965 they bought me a 1955 Pontiac Chieftain (above is not the car but like the car I got). My parents paid $170 for the car. I’ve got Nike shoes that cost more than that car. I think they bought that car more for their convenience than mine. By providing this car they no longer had to drive me back and forth to basketball practice!
We were not rich folks. I lived in the same house for the first fifteen years of my life. Was that house a mansion on a hill? Not exactly. Was it a big rambling home? No. Only 1,008 square feet. Has that home appreciated a good deal in all these years? Not exactly. According to Zillow.com the 2024 value of my boyhood home is $57,800. If you want to check it out here’s the address:
411 Doering
East Peoria, Illinois 61611
Long before we learned how to create money Carol and I tried to save money.
Back in the day, when Carol and I were first married we were trying to save for our first home. We needed $8,000 for a 20% down payment. In 1974 I couldn’t find $4,000 in the sofa seat cushions let alone eight grand. We had our hearts set on a “tri-level”. We were in love with tri-level style homes.
We had begun our married life in a $140/month apartment in Peoria, Illinois. I never would have imagined that the rent on our first apartment would be less than 10% of our monthly car payment many years later. We were getting promoted and relocated a lot back then. From Peoria, we moved to an apartment in Fairfield, Ohio. From the Buckeye State, we were transferred to Phoenix, Arizona.
In Phoenix, we bought a home on a third of an acre with a beautiful large in-ground swimming pool. The price was $40,000. I was an idiot. I didn’t even attempt to negotiate the price of that home. I just told the guy “We’ll take it”. This was a long time before I discovered the benefits of things like my “Need one” ticket-buying sign. A year after we moved to Phoenix we were transferred to Southern California. We bought a house there for $61,000. Wow! A 50% increase. That was almost like, but not really, getting a $100,000 car loan.
Maybe the numbers I have just provided will give you some indication that, to me, borrowing $100,000 for a car was a pretty good-sized number.
By the way, for the past 22 years, we have lived in a modest seaside cottage at the beach in San Clemente, California. Our home is a little bit bigger than the 1,000 ft.² bungalow back in the Midwest where I grew up. Whenever you can go from a tiny bungalow to a modest seaside cottage you’re heading in the right direction. The weather in SoCal is a little bit better than in Illinois as well.
Why are we here today? What is the point of this newsletter?
So…what’s the main point of today’s newsletter? It’s pretty simple really. Debt can be your friend. I know what some might be saying. “I already have enough friends. I don’t need another friend named Debt.”
I would like to challenge any such assertion. One can never have enough friends, right?
I would never want to be accused of thinking only about money. Even though to some, it might sound like that is the case, it is not. It is a good idea to be mindful of money. It is a good idea to use whatever creative ideas you have to marshal enough financial resources for you to enjoy a comfortable lifestyle without having to stress about paying next month’s bills.
What is the real value of money?
The value of money is simple. You can trade money for stuff. You can make your life and the lives of all of the people that you love a lot more comfortable if you have money. Can you have a comfortable life without much money? Yes. Can you have an even more comfortable life with more money? I’m going to answer yes to that question.
There is also a time value of money. In many cases the older you get the less value money has. Warren Buffet is 93 years old and has billions. Today, would you trade your age and money for Mr. Buffet’s? I doubt it. There is a declining value of money as you age.
How about if we just do “smart” stuff?
What is one of the ways that we can earn a solid financial return? I don’t want to oversimplify things. The best way to get that financial well-being is to be “smart”. However, just saying “be smart” sounds a bit vague, doesn’t it? This is where the rubber meets the road. It’s time to put on your hearing aid and “listen” to what I have to say. Each person needs to continually ask themselves this question. Do I know what I don’t know? Lots of people don’t.
You may need to add this tool to your financial management toolbox.
What I’m going to talk about today is really a “tool”. There will be skeptics who say, “Randy you can’t do today what you did four years ago.” I gotta smile when people want to tell me I can’t do what I’ve just done. If you can understand this tool you’ll be able to use it when it’s time.
I don’t do chores but I have tools for the smart stuff when I need it.
When you go to Home Depot and buy a hammer you buy that hammer for life. You might not use that hammer every day or maybe even every year. This is especially true for a person like me. I don’t do a single chore at home. I don’t mow or rake or vacuum or wash dishes or anything. I’m not kidding. I don’t do a single chore at home because I am not qualified. I look like a clown trying to do chores. I don’t have the aptitude for chores. How do I know this? Carol has evaluated my chore-doing skills and concluded that I’m not worth a shit at it. We have agreed that she will do the chores and I will manage the money. Does that sound sexist? I hope not. We are each doing what our skillset encourages us to do.
This is what I did with the tools I had when it came time to buy a car.
Here’s the deal. I wanted to buy this Tesla. Teslas are really cool cars. In 2020, as is true today, they outshine the competition in the areas of performance and technology. You’ll be hard-pressed to find a car that comes close to Tesla in these two important general categories.
Some folks think Teslas are expensive. I guess it depends on what you compare a Tesla to. I can tell you this. In the past year or so Tesla has lowered their prices by 20-40%. They are much more affordable than they have been in the past.
The Model X is the most expensive car in the Tesla line. Did I have to become a member of a private club to pull this off?
For the Model X I wanted to buy, I was able to secure a $100,000 automobile loan for six years at a super-low interest rate of 1.99%. I got the loan at a credit union up in Fresno. This was a private credit union reserved for teachers. However, if I could come up with 10 bucks, they would override their privacy requirement and let me in. I guess in hindsight, EECU wasn’t a very private credit union after all.
1.99%? Why in the world would I ever pay cash for the car?
Some say, “If you can’t pay cash for a car, you can’t afford it”. Others say, “Dad, never financed a new car and I won’t either”. Folks, I had $100,000 sitting in an investment account. I could easily pull that money out and not have a monthly car payment at all. I could afford the car. Did my family pay cash for new cars? I don’t know. My family never bought a new car until I was in college and beyond. I think they financed the purchase but I don’t know for sure.
With these interest rate numbers (1.99%), I would never ever consider paying cash for the car. That is true even though I had $100,000 available to do that. Some might say that I would be borrowing against a depreciating asset. That is absolutely true. However, the car was going to depreciate the same amount, no matter whether I bought it for cash or bought it with a large $100,000 car loan.
If you’ve been following what I do for very long you’ve heard me talk about my financial plan in retirement many times. I retired early. I’ve been retired for more than 20 years. For newbies, I share the financial results of my retirement plan every October 11. Some readers even send me a message a few days before the date to remind me not to forget to talk about the results. Trust me. I will never forget.
I didn’t pay for my new car. The Educational Employees Credit Union in Fresno did!
The credit union sent a check to Tesla for 100 grand. Tesla gave me the car. Then I went about the task of sending the credit union $1,480 every month. Did I “win” with this plan or did I “lose”. No matter what I tell you it is the numbers that answer that question best.
Rather than giving Tesla $100,000 of my money at the beginning, I gave the credit union $1,480 every month. I invested the rest of the money in a balanced, diversified portfolio of stocks and bonds. For that privilege, the credit union charged me a fixed rate of 1.99% for the next six years. Truth be told I would have taken a 40-year car loan if they had given it to me. I wanted to borrow the credit union’s money at 1.99% for as long as they would let me. I never wanted to pay that loan off!
Here are the details.
In the first year of my loan, 2020, my average loan balance was 92,000. For that year I earned 16.9% with my investments. That means I earned nearly $16,000 on the loan amount, $92,000, that I kept invested. I thought that was pretty good.
Below is the table for my “loan years” of 2020 through 2023. The table shows my average loan balance and my actual annual return on investment (ROI). As you can see I had three really good years and one bad return year. Remember, numbers are rounded to the nearest thousand.
Year Loan balance ROI Gain/Loss
2020 $92,000 16.9% $16,000
2021 $77,000 21.6% $17,000
2022 $60,000 -18.6% -$11,000
2023 $44,000 14.9% $7,000
Total stock/bond market gain $27,000 (remember round numbers!)
Total loan interest paid $4,500
Total gain after interest paid $22,500
By financing the car, I earned an extra $22,500!
The bottom line is I paid $4,500 in interest over four years. At the same time, I earned $27,000 on the money I had in my investment account. I still had the money working for me because I DIDN’T PAY cash for the car. This process gave me a net gain of $22,500!
With this advantage, my total cost of the car, including sales tax, totaled $104,000 and was now reduced by $22,500 for a net cost of $81,500.
But wait. There’s more…a lot more.
I wasn’t finished making a “good deal” out of this new car purchase. As you know, Tesla automobiles are electric vehicles. They don’t use gasoline. They do use electricity. If I go too fast just ask me to slow down. There are two main options for “fueling up” your car with electricity. You could charge at home or you can charge at a Tesla supercharger.
No home charging for me.
In my four years of Tesla ownership, I have never charged my car at home. Not once. I use Tesla superchargers. And yes, I taught Carol how to charge my car. And no, she doesn’t have to stand there and hold the nozzle.
My hometown supercharger is eight minutes from our house. It normally takes 25-30 minutes to charge my car. Is that a problem? Not in the least. I have a goal of walking four miles virtually every day. That takes me 60-80 minutes. You can bet that when I am supercharging I am attempting to get as much of that 60-80 minutes of walking done as I can. People who charge at home charge at night. It’s usually cheaper that way. The people who charge at home, just like me, are not spending ANY of their time charging. They are sleeping or in my case walking. We have to sleep and I have to walk.
What does electricity cost compared to gasoline?
As a ballpark number, charging your EV at home might cost you 30% or so of what gasoline expenses would be. The cost of using a supercharger might be somewhere in the range of 40% of the cost of gasoline. These are estimates, but they’re pretty close.
This was a sweet deal.
When I bought my car in December 2019, at no extra charge, there was a promotion going on. I would get free lifetime supercharging for as long as I owned my car. I could pull up to any Tesla supercharger in the world and plug in for free. That was a super fantastic deal. How financially fantastic?
Gasoline in California is expensive. For nearly all of the last four years gasoline prices here have averaged right around five dollars a gallon. If I were to go up to Los Angeles that number might be closer to six dollars a gallon.
When I bought my new 2020 Tesla Model X I sold my Lexus RX 350. I loved that Lexus. Up to the point that I bought a Tesla I had owned new Lexus cars for 19 years. My Lexus RX 350 gave me about 20 miles per gallon in fuel mileage.
In the four years that I’ve had my Tesla, I’ve driven it 54,000 miles. If I had driven my old car, the Lexus RX 350, the same amount of miles as the Tesla and gotten the same gas mileage as the Lexus, 20 miles per gallon, I would have used 2,700 gallons of gasoline with the Tesla. You may need to re-read that sentence! At $5 per gallon, my gasoline expense for four years of driving the Tesla for 54,000 miles would have been $13,500.
This is a pretty important thing to consider if you are going to do much financial analysis.
Lots of people don’t remember to consider this next point. I told you the cost of gasoline for my Lexus RX 350 was $13,500. Each time I pulled that spotless Lexus into a gas station they wanted me to pay for my gas with cash or credit card. However, once I get that $13,500 in cash to pay Texaco I have to remember that is AFTER-TAX money. To clear $13,500, I have to earn much more PRE-TAX money from a job or take money from a taxable IRA in most cases. At my federal and state tax rate of 31.3%, I would have to earn $17,725 to clear an after-tax amount of $13,500. Are you following?
This is one big difference between a gasoline-powered car and an electric vehicle.
Let’s say I bought a luxury gasoline-powered car for the same price that I paid for my Tesla. Let’s say I paid cash for this luxury gas car.
Had I done such a wild and crazy thing the financial consequences would have been severe. I would have paid $22,500 MORE by paying cash than if I had kept the money in my investment account for four years. Additionally, I would have had to earn or withdraw from my IRA another $18,000 (round figures) to pay for the gasoline for a similar gas car compared to the Tesla I did buy.
Forty thousand dollars. Martha, the man said $40,000! The man also told us he paid $40,000 for his first house!
My investments earned $22,500 more compared to paying cash for the car. The savings created from having an electric car compared to a comparable gasoline-powered car was another $18,000. Folks that’s more than FORTY THOUSAND DOLLARSin four years by just doing the smart thing.
Remember, we are NOT talking about buying a $100,000 car. We are discussing the thought process it takes to do that.
You thought we were talking about cars? We’re not!!
If I was going to buy a $100,000 car wouldn’t it be a lot better to get more than $40,000 in savings just by using a couple of really smart ideas? O.K., for the person who can’t resist saying, “But I don’t need a $100,000 car”. We’ll deal with that a bit later. Just to be clear. I AM NOT talking about buying a $100,000 car here. I’m talking about having a tool to use when you need it no matter how big or small your project might be.
Yes, these smart ideas are all about 1) financing a purchase at a lower interest rate than the rate you can invest your money instead of paying cash and 2) getting free stuff (in this case electric supercharging) for the lifetime ownership of your “thing” (in this case an electric car) instead of paying for more stuff (in this case gasoline).
There will always be skeptical people. They will ask, “What if the sky falls”.
There are going to be those skeptical people who say one of many things. They will say that you can no longer get a 1.99% auto loan in today’s world. That is true. You might be interested in knowing that people told me I couldn’t get a 1.99% interest rate four years ago as well! Some will say there is no guarantee that I can get the same investment results that I earned over the past four years. Yes, that is true. There is no guarantee. Nevertheless, I have indeed earned an annualized rate of return of 8% (actually 7.9%) for 20 years. You can’t do all that badly over four years if you are going to average 8% over 20 years.
Some will say “Where I live we don’t pay five dollars a gallon for petrol. We pay $2.50”. That’s partially true. When people want to prove one point about gas prices they’re going to try to tell you how they pay astronomical amounts for gas and it’s so much higher than it used to be. When people want to prove the other side of that point, they will tell you that they pay abnormally low prices. Why do people do that? Because they are people!
Few worthwhile rewards come without some risk.
Most people who know anything about finance are willing to take just a little bit of risk by investing in stocks and bonds so they will earn a greater return than if they put their money in a certificate of deposit. There are no outright guarantees of success in doing that. It’s just in the long run you are likely to do much better with stocks and bonds than by leaving your money under the mattress. For some people as soon as they hear “there is risk or there is no guarantee” they run for the hills and are quite happy taking no action. Remember, deciding to take no action IS deciding to take action.
Unless you live in the Golden State you will pay less for gas than those suntanned Californians. If that is the case you can subtract a thousand or two from the more than $40,000 in savings that I generated. Just remember. If you want to look at things that way, I just might add four years’ worth of oil changes, brakes, timing belts, and radiator hoses to these calculations!
My new car is coming…some day.
I am expecting to take delivery of a brand new ULTRA RED Tesla Model X in the next couple of weeks. It’s been on order for nearly three months. No, I won’t be able to get a 1.99% auto loan. However, I have already been approved for an $80,000, six-year, 3.99% car loan. I think in this interest rate environment that is a great rate.
A sincere thanks to the American taxpayer.
Plus, I qualify for the federal income tax credit for buying the right kind of electric vehicle in 2024. That will give me another $7,500 in cash. Do I think the government should jump in and pay for part of my luxury car? Well, maybe. The government paid for much of my solar panel expense and they kick in a little to help offset the cost of our big mortgage, when I itemize my taxes! Remember, I kid because I care!
Carol has never been in jail, that I know of.
I always remind myself and others when needed of this. I don’t make the tax laws. I do try to understand the tax laws. I play by the rules and sleep well at night. If I’m going to jail for tax avoidance so is Carol. She signs those tax returns just like I do. O.K., I sleep well because I know I paid what I owe and hopefully no more. Fair enough?
I’m just sharing ideas that I hope you will benefit from.
There are a lot of moving parts with these types of financial plans. As I said at the start I’m talking about having a tool to add to your toolbox. When the time comes you just need to know which tool to grab. If one doesn’t have the right tool or know how to use the tool they do have they will need to educate themselves. In my experience, $40,000 ideas, or whatever the value of this idea might be to you, don’t just fall out of the glove box unless the right kind of effort is expended.
Essentially, I bought a brand new luxury upscale electric vehicle for $60,000 and not $100,000 over four years. I’m expecting to sell my car for somewhere around $50,000. Then, although I really hate to do this, I will pay off the remaining balance of my 1.99% loan, which is $35,000. You can do the math on all of that.
Tesla Comparable gas car
Purchase price with tax $104,000 $104,000
Total payments -71,000 -71,000
($1,480/mo/48 mos)
Payoff 4 year old loan -35,000 -35,000
Fuel 0 -18,000
Total Expenses $106,000 $124,000
Earnings by not paying cash +22,500 +22,500
Value of car after 4 years +50,000 +50,000
(estimate)
Cash Returned $72,500 $72,500
Net Cost $33,500 $51,500
First-class vs. a beater? If you’ve got the right tool and know how to use it the choice is easier.
My Tesla cost me about $33,500 for four years of ownership. Recheck the numbers above. That’s about $8,375/year. What would a beater cost to drive each year? Maybe $2,000? How about a $50,000 new gas car? Maybe $4,000-$6,000? I always like to say “It don’t cost that much more to ride up front”. Remember “Die with Zero” doesn’t mean dying broke. It means creating memories and enjoying the money you made. The people in black will show up in good time.
What does the future hold?
I will likely keep my new Tesla Model X for about four years. Some people will be quick to point out that “surely the car will last longer than four years”. When someone says that to me I’m pretty sure we are not coming from the same planet. If I wanted to I could have kept most of the new cars I’ve ever bought (except that 1980 Cadillac Sedan de Ville I bought when I was 31 years old. That sucker was a loser from day one!) for more than twenty years.
Have you ever refinanced a car loan?
I can’t imagine that I will earn the “profit” that I did on my first Tesla given the fact that my interest expense will be a little greater with a 3.99% loan. Of course, if interest rates begin to decline as some think they will, I’ll be the first in line to refinance my car loan. You knew you could do that, right? I might not get the same investment results that I did over the past four years. Who knows? I might do better! My four years of “better than average” investing results DID include a year where I saw everything sink almost 19%.
Inflation? Where’s the inflation?
I paid $104,000 including sales tax to buy a brand new 2020 Tesla Model X in December 2019. In January or February 2024, I will pay about $78,000 to get the same car, a brand new 2023/2024 (still to be determined) Tesla Model X. The new car has lots of improvements compared to the older car. Nevertheless, it is priced more than 20% lower. A Tesla is a computer on wheels. Each year you get more tech for a lower price! Compared to my situation of the past four years I am already about $26,000 ahead of the game. Maybe my four-year cost of ownership WILL be lower from 2024-2027 than it was over the past four years!
I’m going to be telling you all about what it took to purchase my new car. I’ll do that at a later date. I can tell you this. There were and are a lot of moving parts to the deal. As this is written it’s not over yet. It wasn’t as simple as my old standby the “new car buying strategy” of simply marching into a dealership on New Year’s Eve and walking out with a new car at a super low price an hour later.
Did you hear this news?
By the way, I got this note from one of my readers in Ohio. He used my new car-buying technique to close his deal at the end of 2023. I’m glad to report he had a very successful outcome.
“Randy-
Good morning. Just wanted to give you an update. The system worked! I sent the letter to ~ 15 dealerships within 100 miles of Cinci. Heard back from probably 13 of them. One of the major issues I ran into was that the majority of the dealers did not have either of the 2 color choices I gave them. Many of them seemed willing to give me a good price, but wanted me to purchase an alternative color.
Luckily, one of the dealers had a car that met my needs. It was the 2nd color choice of the 2 that I had asked about. It also was a pretty stripped down version of the car / trim that I wanted, so I was able to have them install a few minor accessories (floor mats, rear bumper guard, splash guards) at the dealership, but didn’t get stuck with any options that we didn’t want / need.
Upon getting my letter, the first response I got from that dealership was from the assistant GM himself, so I already bypassed one of the sales people…Nice!
He agreed to sell me the car at a price lower than the invoice price I put in the letter; with a bit of email negotiation, I was able to purchase the car for $500 below invoice.
I was hoping to do better, but as I said, this really was the only dealer that had a car that met my needs now…and they were in Florence, KY, so only 45 minutes from the house.
Net, your method saved me the hassle of driving around to the various dealerships, to find a deal; and having the knowledge of the invoice price (in addition to MSRP) was invaluable.
Thanks again for the help.
Happy New Year”
I would not ALWAYS finance a new car purchase.
I will tell you this. If I were paying 6-8% for a car loan, I think I would pay cash. I couldn’t reasonably expect to earn more in investment gains against a guaranteed 6-8% car loan.
Performance and Technology.
Very few people buy a Tesla to save money. They buy a Tesla for the performance and technology. I don’t know if I will ever be able to go back to having to open and close my own doors. I’ve read, but I haven’t seen this in the last four years, that people still need to press the brake to get their car to stop. Do people still do these things? My 2020 Tesla Model X goes 0-60 mph in 4.4 seconds. That’s pretty quick for a car that weighs about 5,500 pounds.
My new 2023/2024 Tesla Model X will do 0-60 mph in 3.8 seconds. Believe it or not, I can notice the speed difference between a 4.4 second 0-60 time and a 3.8 second 0-60 time.
Of course, if I wanted to pay about $15,000 more I could get a Tesla Model X “Plaid”. The Plaid does 0-60 in 2.5 seconds. You tell me. Who needs to go that fast? Well…I must say I don’t mind drag-racing other drivers using the on-ramp onto the freeway here in Southern California. Carol just shakes her head, and mutters under her breath, “Boys and their toys”. Wait! You don’t really believe I drag race people do you?
I don’t need no stinking new car!
There also going to be people who tell me that they don’t need a new car. They don’t want a new car. They are never going to buy an expensive new car. Hey. I’m good with that. Why am I good with that? We’re NOT talking about buying new cars! We’re talking about handling financial tools.
I do strongly support the Die with Zero concept. Covering that topic was one of the most popular newsletters I’ve ever published.
Enjoy your money. Money is best used when you trade it for stuff.
I would say it this way. If you don’t wanna buy a new car, fine. Just don’t let the money that you could have used for a new car or anything else sit in an investment account until everyone is standing around you wearing their best black outfits. Too strong?
I’m not recommending that anyone buy a new car. I am always recommending that people use their financial resources to support themselves, their loved ones and others, in whatever fashion, they choose. Just don’t leave the money in a friggin Vanguard account and check out with a big balance.
You can never have enough tools or enough friends.
Remember, when you read and understand and implement the ideas I share…you have tools. When you somehow get yourself in the direst of straits in life the more tools you have the better. And yes, debt can be your friend.
I hope you enjoyed what I shared today. Did your overall reaction change from what you were thinking after the first few paragraphs? Did you pick option A or option B at the beginning? Did you change your mind when you got this far?
If you did like the read, don’t be afraid to send a note with your comments and suggestions. And before you ask, no I am not going to make these newsletters any longer!
What’s next?
My next topic will change from finance over to international travel with just a little bit of ice racing thrown in. That should be an exciting trip as I drag Carol through the European winter. I can’t wait to give you the details in a couple of weeks. On the back burner but all budgeted and planned for the next 3-4 months are adventures to Australia, Japan, Mexico, and who knows where else. When I generate these financial savings I gotta entertain Carol somehow, right?
Randy Lewis
I have lots of friends and Debt is one of them.