In fact, $2,800 invested annually for 15 years in good mutual funds with a 10% rate of return comes out to nearly $100,000, according to our investment calculator. So, if you bought a vacation club, you’d be wasting almost $100,000 of investment potential on nothing. Do you see how the math just doesn’t make any sense here? Especially when you consider that those numbers didn’t include membership fees, point redemption fees, closing costs, or interest. And don’t forget, clubs and timeshares almost always cover only your lodging—your costs for food, travel and attractions will likely only be discounted (not free) with these programs. At their worst, timeshares and vacation clubs are fraudulent scams. At their best, they’re complete rip-offs. This is a lose-lose scenario if we’ve ever seen one. What if, instead of sending $5,800 to the vacation club company, you just bought a $3,000 vacation yourself and kept the remaining $2,800? That $3,000 would probably buy you a pretty nice vacation, and you’d have a ton of extra money to put toward other important financial goals like getting out of debt or saving for retirement.
Made with FlippingBook - professional solution for displaying marketing and sales documents online