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Fructuous Friday Finance - The Air Compressor
41 Plays8 months ago
Kyle Jenkins helps Garret decide whether to DIY or not.
Recommended
Transcript
Introduction to Fructuous Friday Finance
00:00:00
Speaker
It's Fructuous Friday Finance.
00:00:04
Speaker
Every Friday, one of our experts answers your personal finance questions. Hey,
Engagement with Fructuous Money Seeds
00:00:11
Speaker
America, are you ready to plant Fructuous Money Seeds?
00:00:16
Speaker
Let's start digging.
Introduction of Kyle Jenkins and Sponsorship
00:00:23
Speaker
I'm Kyle Jenkins, your Triple F expert for today. Thank you to POS Podcast Productions for sponsoring this program. We got ourselves a good one today.
Question from Garrett: Air Compressor for Irrigation?
00:00:33
Speaker
Here's a message from Garrett Pollard out of Colby, Kansas.
00:00:38
Speaker
Hello, FFF. My name is Garrett. I'm thinking about driving to Salina to buy a Craftsman 33-gallon, 175 PSI air compressor so I don't have to pay Benji, the town con man, to flush out my irrigation lines.
00:00:53
Speaker
Benji is the only game in town and he charges $130 to blow my lines out. If I buy the Craftsman for $549 at Lowe's, will I be better off financially than if I keep paying Benji?
Kyle's Cost Analysis on Buying an Air Compressor
00:01:07
Speaker
Garrett, my good buddy, I absolutely love this question. I'm sensing a little bit of tension between you and Benji, so let me help you figure this out. Your $549 Craftsman compressor actually costs after adding a sales tax rate and the cost of gas for a four hundred and six mile round trip toelina in your fourd f one fifty s Now, Garrett, reciprocating piston compressors like the Craftsman will last at least five years and possibly ten.
00:01:40
Speaker
So to be safe, let's perform a five-year cost comparison between Muslim-hating Benji doing the job and you doing it yourself. Over
Conclusion and Financial Advice
00:01:50
Speaker
five years, paying Warhawk Benji will cost $650.
00:01:55
Speaker
Based on that initial calculation, you might think this is a done deal, right Garrett? The air compressor looks cheaper than paying for human rights violator Benji to do the work. Not so fast, Garrett.
00:02:07
Speaker
We still need to assess your labor costs, your opportunity costs, and the end-of-life scrap value.
00:02:19
Speaker
equals a total cost of $816.36 to What this number tells me is, Warcrime's Benji is priced fairly.
00:02:31
Speaker
Now, if you want to tell Genocide Mastermind Benji to go to hell, I suggest you find other uses for that air compressor.
00:02:45
Speaker
The Fructuous Friday Finance Show has come to an end. Until next time, thank you, America!