This week I’m sending out an extra post in case you aren’t on social media and haven’t seen this. I’d love to have you participate in my 1-question survey.
November is financial literacy month in Canada. I just read something that got my attention. Now I’m curious—and am doing a one-question survey. I’d love to know what you think. Go to bit.ly/2zu7pyR to record your answer.
Here’s the scenario: Chris has returned from a fabulous 27th birthday vacation. The entire trip was paid for with a credit card intended for that purpose only. The vacation cost $4268 and the card will never be used to buy anything else. Chris has vowed to make the minimum payment each month, without fail. The first payment is $43 and the annual interest rate is 20%. How old do you think Chris will be when the last payment is made? 35, 40 or 49 years old?
You’ll be entered in a draw for an autographed copy of my book Conscious Spending, Conscious Life. And if you’d like to share this blog-post with people you know, that would be awesome!