Somebody beat my grandma’s record
by Caleb Reading
Check out this dude on bangornews. He leased a rotary phone at $4.45 per month for 50 years. If he’d put that money into a tax-deferred portfolio earning 10% he’d have $77,093.54 after the 50 years. I thought my grandma held the record on phone leasing, but I guess not. She leased the same touchtone phone at $7 per month for 26 years. If she’d put that money into a tax-deferred portfolio earning 10% she would have had $10,348.35 after the 26 years.