Week 37 Day 3: The True Cost of Objects: Ownership Over Time

The price tag is a fraction of the true cost. A $30,000 car costs $30,000 plus insurance, maintenance, depreciation, fuel, and lost investment returns on that $30,000. The true 10-year cost of a $30,0...

The price tag is a fraction of the true cost. A $30,000 car costs $30,000 plus insurance, maintenance, depreciation, fuel, and lost investment returns on that $30,000. The true 10-year cost of a $30,000 car is closer to $80,000-$100,000. Every purchase has a shadow cost that the price tag hides.