Fairfax: Millennial masterstroke, page-15

The Barefoot Investor contradicts himself in the article he wrote titled "The Only Secrets Worth Knowing: Time and Money".
Afterpay provides value through a simple concept: "The time value of money" = A dollar in your bank account today is worth more than a dollar next year, as you are able to invest that dollar and gain interest.

Although shorter terms, with Afterpay you could invest your leftover money prior to payments earning interest. The Barefoot Investor encourages this.

Three ways to plan effectively

There are three main ways to achieve this, and all of them involve using time effectively.
The first is to understand the time value of money. The process of investing is foregoing spending your money in return for more of it. The longer you sock it away, the more you should expect in return. It really is as simple as that. If you have a timeframe that’s measured in decades don’t put your money in a bank – buy shares in the bank.

Now that you understand the time value of money, make sure you don’t give anyone else the deal of a lifetime at your expense. If you have a credit card balance, you’re effectively guaranteeing your bank will earn an 18 per cent return on any money it lends you! Consumer credit is a tax on people who don’t understand the difference between needs and wants.


https://barefootinvestor.com/only-secrets-worth-knowing-time-money/