Which alcohol is better for my money?
A 1.75 L bottle of Ron Diaz rum at 30% alcohol per volume, or a 30 pack of the cheapest beer? I spent 16 bucks on a 1.75L last night and am wondering if I went the correct route for spending my money wisely. I usually get the 30 pack but decided to try something new. I basically am wondering what would give me the most alcohol for my money. Hopefully I didn't go wrong!
How will money make your life better?
It won’t as much as you think it will. I make pretty good money. I lost my health 3 years ago for a period of 6 months. I could have cared less if I made a $1 a year or 7 figures a year…There’s been a study done that says after 70,000 there are diminishing returns…..HOWEVER….money frees you up from STRESS and that can improve everything. Like your ability to attract a mate, to pay bills on time, to improve your credit rating.What would it be like to go on a vacation wherever you want to go, not on a budget?It feels DARN good!!!! I’ve had money and I’ve not had money. We had good and fun times without money and good and fun times with money.Your life attitude makes the difference….
Do you think your life would be better if you had more money?
1. Randell Tiongson (finance & life coach): “It’s a tool to make me achieve my purpose in life.”2. Jim Paredes (songwriter, singer, actor, photographer, writer; should I just say ARTIST): “To provide comfort and amenities; to finance dreams, ambitions, projects and passions.”3. Gus Cosio (First Metro Asset Management, Inc., President): “Money’s role has always been that of a resource used primarily to meet current and future needs.”4. Omeng Tawid (Investing in the Philippine Stock Market – Tips & Tricks, Founder): “Enabler. Having the financial resources makes you forget about it and focus on the things you believe matter more.5. Marvin Germo (author, stock trader, speaker): “Money is a tool to make a difference in the lives of people, to fulfill the purposes God has placed in our hearts. Money is not an end goal but a starting point to ride your passion and fulfill your destiny.6. Jo Valerio (Mag-invest ka Pinoy and Overseas Filipino Wais, Founder): “Money is just one of the many tools in achieving my dreams but not that important compared to the other tools.”7. Tony Herbosa (Traders Apprentice Pilipinas, Founder): “When I was younger I was driven to make money as it was a symbol of financial independence from my folks. Then in the early years of my career, for a while, it was more like a status symbol vs. my peers, as we would compare our initial salaries. Those were my yuppie years. Being an equities trader today, I would say that money now is just a way of keeping score. While I enjoy the game more that the money itself, it is psychologically reassuring if you see early profits in a trade and you can’t enjoy the game if you can’t keep score. I also believe that money by itself is a dead end to wealth creation. Money loses value. I think more in terms of “assets” today than money itself. Being in the right assets is the key, money will then follow, or we need to make money to acquire the right assets, even art.8. Floi Wycoco (The Global Filipino Investors, Founder): “Money is a tool necessary to have life’s necessities.”
Would the world be better without money?
Money is something that our society has built itself around, but would we all be better off without it ? Think about it. Cancer patients are being refused important drugs because the NHS can't afford it and they have to balance their budgets. Some people work bloody hard for £6 an hour whereas others work less hard for thousands of pounds a week. There are millions of people around the world living in poverty and others living in cardboard boxes. Because of a lack of money. Imagine a world where there is no money. Maybe I'm bordering on communism here , I don't know ? A world where everyone works, everyone is allowed a house, a car, a computer, food etc. As long as everybody works and contributes to society, everybody can have these things.Of course everybody ( who is able) would have to contribute to society in some shape of form. Of course this is never going to happen but what do you think of it as a concept ? A fairer world where nobody is without ? A load of old codswallop ? Let me know what you think? Questions would be What happens to those people who refuse to work ? Put them in small tin houses and make them live on rations :) Then how would be buy food etc ? You don't. You help yourself at supermarkets etc. As long as you work and as long as you are not greedy ! Wouldn't the whole world decend into chaos ? Well not really , as long as electricity is still being made and food and water is still available. I realise this idea is mad but I ask you, in an ideal world, wouldn't we be better off in a civilization without money ? Is this communism ? Would there be less war, less theft, less murder ?
Which is better and safer to keep my money in a 401K account or money market?
That is not a valid comparison. It’s like if you were shopping for a car, and you asked “which is better-looking and faster — a blue car or an SUV?”A 401(k) account is not something that you can invest your money in — at least not in the sense that you are thinking. A 401(k) plan holds assets in a trust; a “401(k) account” is simply a particular employee’s interest in that trust, and usually consists of particular assets. Those are the “investments” that would be a valid comparison here to a money market fund. But, obviously, you’d have to compare the specific invesrment(s) that you have in the account. And since you are not asking about specific investments, nobody can tell you if your “blue car” is faster.The other comparison that could be valid is to compare investing within a 401(k) plan to investing in the same thing outside of a 401(k) plan. If that were your question, that could be answered, and there are numerous differences. But the effects of the differences are subjective, and while most people might feel that it is better to invest within a 401(k) account — for the tax advantages if nothing else — others would be better off doing the opposite. So your personal circumstances would be the primary factor in deciding which is “better” for you.“Safer” is a different matter, though. The actual investment itself is no different whether it is made within a plan or not. Assets held in a 401(k) plan, however, are generally protected from claims of creditors — other than a spouse or the IRS — and that can make a difference as far as safety is concerned.
What are some ways to better invest my money? I'm looking primarily for low risk options. I have about $12,000 in my savings, but feel as though it would do better in something other than a savings account where it could gain more interest over time.
The structure of savings accounts is inappropriate for the growth of savings “over time”, there are legitimate reasons to keep cash in a savings account for expenses that are a year or so ahead.For situations where your timeframe is a bit longer, say something like 3–5 years, it might be appropriate to consider a high yield Certificate of Deposit, which when considering amounts below the FDIC limits is generally just as safe as a savings account. Unfortunately even the highest yield CD is not going have a very good return in the current environment — Best 5-Year CD Rates | Bankrate.comWhat you almost certainly need to do is understand that there is relationship between accepting risk / volatility and reaping higher returns. Sadly there are no simple ways to get good returns without accepting some risk. Over time if you don’t accept some risk your savings will be devalued by inflation, thus you need to embrace an appropriate level of risk. Fortunately there are somewhat reliable indicators of what sorts of risks are appropriate for returns that can help you stay ahead of inflation. Generally speaking the “risk adjusted return” of the broad market as represented by either large firms that make up the S&P 500 or all publically traded firms as are represented on a Total Market Index are good benchmarks of returns — with current low cost ETFs you can easily put the money you’ve saved into such things:Vanguard 500 Index Fund Admiral SharesOrVanguard Total Stock Market Index Fund Admiral SharesOf course there are literally thousands of other options that may offer a different range of risk / return and if you wish to evaluate them you should put some time into learning how to judge such things :Measuring the Risk and Return Tradeoff | Plancorp Financial Services
Would the world be a better place without money?
The world could be a much better place without money. "Could" is the operative word here. Money creates a barrier to our humanity. It creates an expectation that all things have a cost. Expense gets placed before compassion. "Growth" becomes more important than well-being. "It's not personal, it's business." "It's the cost of doing business."The idea of true fair exchange has been lost. We all strive for a "return on investment."But there will always be money to some degree. To be human is to be ego-centric and to expect favors returned. But Capitalism will inevitably fail. And I'm not saying this prophetically or as a way to criticize it. It's a scientifically unsustainable system. As the modes of production increase in efficiency, the need for labor decreases due to automation. And then we'll see a wealth gap that has grown too large to create the consumerism needed to support the production-to-purchase cycle. We're already beginning to see this happen. So what's then more important to us a species? Our undying support of a destructive status quo? Or our ability to create well-being for everyone?The technology and automation that many of us despise today for "taking our jobs" will be what allows us to thrive without the need to work at all in a future without money. We have the ability to create abundance on a global scale that will allow all of us to live like only the richest 1% live now. And without the need for money.
Less money, better credit, home buying?
She might possible be able to buy on her own, using her own income. Her credit is good enough. Yours is not, so your income will not be used. It is the concept of 'a chain is only as strong is the weakest link'. You are the weakest link as far as credit goes. So together, you won't be buying until you bring that score up to at least 620, and then, you will only qualify for certain mortgage types and not with the most favorable interest rates. You also must have sufficient cash on hand to cover down payment and closing costs, property tax and insurance. Another factor is debt. Too much debt and that reduces the maximum house payment you can have. On her income alone, about $1,733 per month, a bank would allow her a maximum house payment of 28% of that. That's $485 a month for the total payment. To leave that alone, she could have no more than $139 a month in debt, like a car payment or minimum monthly credit card payments. Anything over comes off the $485. If you were in a part of the country where taxes are very low, she might be able to find something where the taxes and insurance monthly (which will be part of the payment) are $125 or less. That would leave at least $360 for principal and interest. At current interest rates, she could afford a mortgage of $65,000. That would let her buy a house, getting an FHA mortgage with 3% down, for $67,000. There are parts of the country where you can buy a solid starter house for that money.