Question: $3500 Apple Vision Pro on credit…If you make the minimum payments, how long before this credit card bill is paid off?

This cutting-edge technology most likely will be outdated by the time you are done paying off your credit card…

Answer: 12 years and 2 months

Questions:

1. Considering the cost of this Apple Vision Pro, do you think this is a good idea? Explain your answer.
2. What big-ticket items or once-in-a-lifetime experiences do you think are worth spending money on?
3. How could you reduce the amount of time required to pay off this credit card bill?

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Behind the numbers (Quote from Mac Observer | Credit Card Calculator from Bankrate):

“While Apple’s $3,499 AR/VR headset isn’t for everyone, the sales numbers of the Vision Pro are impressive. In fact, the product set the sales chart on fire in the first couple of days, as the company nearly sold 180,000 units in pre-order sales, selling like (very expensive) hotcakes.

While we patiently wait for Apple to reveal the actual sales figure of the Vision Pro, if and when they actually do it, a prediction report from Statista suggests the company could ship around 350,000 units in the first year of the launch, reaching almost 1.5 million in year two.”

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About
the Author

Mason Butts

After graduating from UCLA with a Master’s in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.