Best type of investment for 18 year old student with extra money?
Here is my current financial situation: • I work an average of about 25 hours/week during school and 50 hours/week during summer for an average of about $10/hr (I expect my absolute minimum income to be around $10,000 even if I get sick for a month or two, or I have large unforeseen expenses) • I rarely have to spend money, usually I spend about $100 per month so lets be safe and say $200, times 12 months is $2,400 expenses • I have a car but ride my bike everywhere • I'm on full scholarships to school (including room and board) • I have about $10,000 from working in past summers. • My family lives in town so in the absolute worst case scenario I could live with them until I graduate from college in four years. • Obviously I don't have any dependents, medical conditions, or other financial obligations. So my question is: what should I do with my money? I project to have a minimum of $7,600 excess cash per year based on my numbers above. I absolutely love my jobs and that's why I have them. I like having about $10,000 in cushion money in case of some kind of disaster (I can't even imagine what would happen that I would need it, but oh well), so I'm looking for something that I contribute to on a monthly basis or something like that. What kind of investments should I look into?
A man came into a shop and stole 9 dollars from the register. The man came back minutes later with the same 9 dollars and bought 6 dollars in items. I gave him 3 dollars in change. How much did I lose?
Two scenarios:: “ a man came into a shop and stole 9 dollars from the register…He came back a few minutes later and bought items at your store where you gave him change for the 9 dollar he used to buy 6 dollar of items in YOUR store. This case could be interpreted as two events happening in different stores. One store was stolen and the money stolen from the first store was used to buy stuff at your store. If this is the case then you lost nothing! you gained 6 dollars form the items he boughtIn case that it is the same store the guy robbed without you noticing when he robbed you, and you only noticing the missing money, then…-9 (missing dollars) - 6 dollars of items = -15. -15 + 9 dollars he pays = -6. -6 -3 dollars change = -9. You lost 9 dollars. The robber has 6 dollar worth of items he bought with your stolen money and you gave him 3 dollars back. But the fact that he stole from you is unknown to you so from your point of view it's just a customer walking in spending 9 dollars. At that point in time you are 9 dollars short and are still 9 dollars short after the transaction.
Do people still accept two dollar bills?
US $2 bills remain legal tender. They are even still printed by the US Treasury as needed based on the low demand. Individuals and businesses are not legally required to accept ANY denomination for purchases (legal tender is for DEBTS), but I have never seen anyone refuse a $2 bill. About 15 years ago, someone purchased a TV at the store where I worked at the time and paid entirely in $2 bills. none of them actually made it to the register. Various employees bought them all because we had never actually seen one before. I still have the 5 I bought. EDIT: For those for claim it is illegal to refuse $2 bills, I have linked the US Treasury Department FAQ that states it is NOT illegal.
My husband and I spend $5-$10 a week on scratch off lottery tickets. Is it better to get few higher value tickets $2-$3 each or more $1 tickets? What would increase our chances of a higher payout?
As other people have said, the return on lottery tickets of any kind is really really low — far lower than even things like slot machines. There is a reason why lottery tickets are mostly sold in poor neighborhoods — the system is designed to prey on poor people who are willing to lose most of their “invested” money for the chance to be able to splurge with $100 or $300 they would not be able to make themselves save up otherwise.If you really think lottery tickets are so much fun that you can accept the horrible payouts, you should check not only the odds of winning for each ticket type, but factor in the chance of winning so much money that it will be reported as taxable income.
A guy walks into a store and steals a $100 bill straight out of the register without the store owner's knowledge. The guy then buys $70 worth of goods using the $100 bill, and the owner gives him $30 in change. How much money did the store lose?
One hundred dollars altogether.If you have trouble wrapping your mind around this question as I did, think in terms of the thief. The guy walked in the store with $0. He stole $100. He exchanged $70 of the stolen money for $70 worth of goods so he left with $30 in stolen cash only but $70 worth of stolen goods. So he stole $100 from the store altogether. The store lost $100.There are all sorts of advanced economics, mathematics, and other disciplines that could go into this.Since we are converting cash into goods and figuring out all of these numbers, let’s play around with some other basic economics. A gardener in Illinois has hundreds of tomato plants. He grows the tomatoes from the ground up and sells them to a wholesaler for $5 a basket of tomatoes. The wholesaler packages them and turns around to sell them to a retail distributor at $3 per dozen tomatoes. The distributor then ships them to dozens of their retail locations, where they sell at a nice price of $1 per pound in the season. Every stop along the way of this economic system the parties involved have generated money. The gardener gained cash from the product of hard work, the bounty of the land and crops, and any associated costs. If a basket of tomatoes had, let’s say, three dozen tomatoes on average, then the wholesaler makes an easy $4 or $5 dollars on each original basket of tomatoes. If—let’s be generous—two tomatoes would be about a pound of produce, then the retailer is easily doubling their money for tomatoes sold. Numerous economic principles are at work here. Inflation, supply and demand, and distribution chain, etc.So let’s say you needed three dozen tomatoes at your local grocery store, and it was a reasonable price of $1 per pound. Eighteen or twenty pounds of tomatoes would be $20. If you pay the gardener that much money for the original bucket of tomatoes, they might insist that is a little steep and give you some money back. But since each step in this tomato distribution chain costs more money at each point because of all the parties involved, this is a fair and reasonable price at the final grocery store.We often find ways to break these chains of inflation and distribution—to give more value back to local producers or to be more environmentally friendly. This can include farmer’s markets, coops, conversion to diets primarily plant-based. Such wonderful things for our societies and planet. But I’m digressing.