September 2020

Some big changes in numbers last month. A little to do with the volatility of the markets; a bit to do with a sizeable debt we took on. I’m a little surprised that our net worth remained over a million dollars!

We bought a new car at the end of August, the details of which only appear on September’s column. Out of door price was $32,150. We put down $8,500 (basically what we got after we sold our last car) and the rest we put on a 0% interest loan for 5 years.

Let me state that again: 0% loan. For 5 years.

That is, we don’t pay a single cent in interest.

If there is a need and given an opportunity, I will ALWAYS take on loans at 0%. With inflation, that is effectively getting paid to have a loan.

We are yet to make a payment on the loan. The first payment due is October. We’ve never had a 0% loan before (closest was 0.9%). We’re in no hurry to pay off the loan and will not be making any extra payments (as we have done/doing for all any loans that is over 0%). Also, as evidenced by the numbers above, we could have very well paid for the car in cash, but then again, 0% loan.

The details of the vehicle purchase is as follows.

School is in full swing. We’re having an extended end-of-summer here. Temperatures have been a glorious 60-70 during the days and 40-50 at nights. Almost perfect. Scheduled outdoor sports and activities are winding down though just hanging around the yard, neighborhood kids playing around, neighbors joining around a fire pit in evening (socially distanced, of course) – all simple things are on.

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