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The Story of OJ: Part 2

Depreciation vs. Appreciation


The economic impact of the African American spending power will reach $1 Trillion dollars in 2017. However, spending and investing are two separate mindsets for a person. Jay- Z captures this in his lyrical confession about his own spending habits. As he looks back on his life, he regrets making the impulse buys of fancy cars and jewelry.

I too am guilty of frivolous spending in my late 20’s. My logic was since I was and making a whopping 45K a year, I could purchase two SUV’s in 3 years or less. At a combined amount debt of over $46K. I could have purchased two or three lots in East Nashville, which now would be worth over $150K. That was less than 15 years ago. (DUMBO!!)


What’s the Mathematics Jeff?

Car Cost: $46K

Car Value in 10 years: $3K

ROI ((Value - Cost / Cost) = -93% loss of value or asset is only worth 7% of original cost


vs.


East Nashville Lots:

Lot Cost in 2001: $46K

Lot Value in 10 years: $150K

ROI = 226% (Value - Cost / Cost)


“I bought every V12 engine

Wish I could take it back to the beginnin'

I coulda bought a place in Dumbo before it was Dumbo

For like two million

That same building today is worth twenty-five million

Guess how I'm feelin'? Dumbo”s”

Jigga, I needed these rhymes in 2002!!!

Happy Thanksgiving, Family!

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JEFFERY W. MCGRUDER, II JOINS CITIZENS SAVINGS BANK & TRUST COMPANY EXECUTIVE TEAM AS CHIEF RELATIONSHIP OFFICER NASHVILLE, TN. — Citizens Savings Bank & Trust Company (CSB&T) announced today the h

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