Drive Free Experiment – No Car Payment Ever Again!

Goal: Implement a pseudo Dave Ramsey experiment.  See my caveat below.

The Why:  I am a huge Dave Ramsey fan, and I would like to track how will I approach the sample given in the video.  This one decision could, and will, change my life.

The How: I will invest $480 per month (typically car payment amount)

Beginning balance - $613.30 (a little over one month)

I will be investing in ETFs or Index Funds (I do not have enough cash in the account for mutual funds). 

Hypothesis – Money will grow, and double every 7-8 years.  I hope to hit the 100k in 10 years, 470k in 20 years, and 30 years $1.6M.  

Caveat: I know Dave does not recommend ETFs, but I will not be actively trading these funds. I will implement a Buy and Hold plan. 

FUND NAME	Amount	Shares
CASH	$127.73	127.73
IDV - ISHARES INTERNATIONAL DIVIDEND ETF	$63.82	2
IJR- ISHARES CORE S&P SMALL-CAP ETF	$116.30	1
IJT - ISHARES S&P SMALLCAP GROWTH ETF	$263.02	2
ILF- ISHARES LATIN AMERICA 40 ETF	$79.89	3
PFF - ISHARES US PREFERRED STOCK ETF	$78.85	2
Total	$613.30

Source - Craigslist

It worked for Will