Submitted by julianorts t3_10on8ym in personalfinance
NickatinaGold t1_j6fvgf2 wrote
Reply to comment by julianorts in I want to pay off my car. Should I stop adding to savings? by julianorts
Let's say you want to dig a hole. A small shovel will dig it in 100 scoops. A big shovel can move more dirt so it will dig it in 50 scoops, so it will take half as long.
Let's say you want to pay off your $10,000 car loan. If you pay $100 a month, it will take 100 months. If you pay $200 a month, it will take 50 months, so it will take half as long.
Bigger shovel = more money towards your car loan
julianorts OP t1_j6fyp6v wrote
thanks for explaining!!
Maximus15637 t1_j6ib1rh wrote
As an archaeologist with a lot of real shovel time this one bugs me. There are diminishing returns for shovel size, at least for shovels operated by hand. If your shovel gets much larger than a regular shovel then it becomes too heavy and unwieldy. I can’t just show up to site dragging a 50 pound 8 foot wide shovel monstrosity and expect to dig any faster! Unless of course it’s attached mechanical excavator, but now the metaphor is really dying.
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