Have you ever seen Cool Hand Luke starring Paul Newman? If not, do it. It is a classic and one of the best films ever made in my opinion. In the movie, Paul Newman’s character endures “physical punishment, psychological cruelty, and hopelessness…” You know, kind of like the path to building wealth and a life of your own design. Film experts say it is a kind of Christ parable. Maybe that is the point, I am not smart or deep enough to know, but I love the movie and Paul Newman is the greatest.
Anyway, there is a very memorable car wash scene. That gets me to my point on Day 10 of the 30 day challenge. I washed my own car as I usually do. Cars are expensive enough and huge wealth destroyers. There is no way of putting it lightly. So, I try to wash my own car in order to save the $7-$20 it costs to have it washed for me. Plus, it is kind of fun on a warm sunny day and you get some free exercise. If you wash your car once every two weeks at an average of $10, that is $250-$500 per year. Doesn’t seem like too much, but invest that money over 20 years and you might have over $10,000-$15,000 in assets. All just to have someone wash your car for you. In fact, for that money you could buy a whole new car. Just make sure it’s electric next time.
We are 1/3 of the way through our 30 day challenge and I am already amazed at the psychological effect. We have not crunched any numbers yet, but I am very excited to do so at the end! The mindset of saving and investing just continues to grow as we support each other in our goals. Please join us and share your ideas. The more we help each other out, the more wealthy we can all grow together!