| Refurbished GPS units save you money. Period. | | | | interest bearing account. After three years you |
| You like saving money or else you wouldn't be | | | | have a balance of $51.05 after your interest |
| here reading about how they save you money. | | | | acrues and taxes are taken out of it. This means |
| You are probably feeling the pinch at the pump, | | | | that your savings have now grown by $5.09 in |
| grocery store, and on your mortgage but you still | | | | this first buying phase. |
| want to be able to buy an frivolous gadget. So | | | | That is a nice savings, but it gets even better |
| you have turned your gaze to the end all and be | | | | once the savings from the second year are |
| all of cheap yet reliable products - the refurbished | | | | added to it. |
| market. | | | | Now a third GPS is purchased with inflation |
| Refurbished items are those that have picked up | | | | adjusted prices and you find that you saved |
| a defect some place along the production line. It | | | | $50.22 on your purchase. Add that to the |
| could be that a part of the LCD display was | | | | ammount that you already saved and earned in |
| scratched by a machine or a careless employee. | | | | interest and you will have $101.27. This will then |
| An internal component could have been faulty | | | | grow to $112.48 by the end of the next three |
| from the get go and produced an error in the | | | | years. |
| devices functionality. Whatever the reason, the | | | | As you can see the savings are beginning to add |
| device is now up to production standards, usually | | | | up. |
| will come with a warranty, and is offered at a | | | | If you conitnue this pattern for the next 30 years |
| significant discount from the 'new' item. | | | | (so 10 buying cycles total) you will see amazing |
| The significant discount is what you are all about. | | | | results and watch your savings on your |
| But how significant can these discounts be? A | | | | refurbished GPS rise all the way to the sum of |
| quick perusal of some of the current prices on | | | | $1221.81. That is a heafty sum. |
| both a 'new' and refurbished GPS show that the | | | | But what if you could increase your rate of return |
| discount for one particular model is 23.45%. This | | | | by investing the savings into stocks or buy using |
| will be our baseline in determining how much | | | | it to start your own business? |
| purchasing refurbished can save you over the | | | | With just a 9% return you could see that money |
| long term. | | | | become $2931.51 and if you continue to grow |
| We will also assume that you are GPS crazy and | | | | that money at the same rate you could have |
| like to buy a new model every three years (this | | | | enough money to buy yourself a GPS every |
| is probably not true, but this is just a thought | | | | three years for as long as you are likely to live. |
| experiment). | | | | All that stems from the choice to save money |
| After 1 year you buy your GPS you save $45.96. | | | | with a refurbished GPS and to be wise about how |
| You then take this money and you put it in an | | | | you would invest it. It is a no brainer. |