Saturday, February 21, 2009
Why are women only interested in money?
That's just what I think,well tell me what you think.
Basic Investing Words You Need to Know
| A glossary of more than 450 useful words is included in the back of this book. STOCK: A paper certificate that represents a part ownership of a company. Stocks are also called "equities". PUBLIC COMPANY: A company that you can buy a piece of by purchasing shares of their stock. This is what you do when you invest in the stock market. | |||
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Compounding Interest – The Magic and Power
Which would you choose? If you were to take the $474,000, you have just thrown away an incredible $21,000,000 - that's 21 million dollars!
Here is the proof:
| Day | Pay for day | Day | Pay for day | |
| 1 | .01 | 17 | 655.36 | |
| 2 | .02 | 18 | 1,310.72 | |
| 3 | .04 | 19 | 2,621.44 | |
| 4 | .08 | 20 | 5,242.88 | |
| 5 | .16 | 21 | 10,485.76 | |
| 6 | .32 | 22 | 20,971.52 | |
| 7 | .64 | 23 | 41,943.04 | |
| 8 | 1.28 | 24 | 83,886.08 | |
| 9 | 2.56 | 25 | 167,772.16 | |
| 10 | 5.12 | 26 | 335,544.32 | |
| 11 | 10.24 | 27 | 671,088.64 | |
| 12 | 20.48 | 28 | 1,342,177.28 | |
| 13 | 40.96 | 29 | 2,684,354.56 | |
| 14 | 81.92 | 30 | 5,368,709.12 | |
| 15 | 163.84 | 31 | 10,737,418.24 | |
| 16 | 327.68 | $21,474,836.47 | total |
The reason this works is because within a few days you are no longer doubling pennies, but dollars, then doubling thousands of dollars. Every day you are doubling a bigger and bigger number (doubling your money is called making 100%).
How much you earn because of compounding depends on the percent you make and the amount of time the money grows. Of the two (percent and time), time is the more powerful.
If you bought stock in a company at $20 per share and it went up in value starting at only 28 cents a week (1.4% per week), with compounding you would be making 100% on your investment each year and the stock price each year would be doubling. Then in 31 years, every penny that you had invested in this stock would turn into $10,737,418. Every dollar invested would turn into $1,073,741,824. Yes, really!
Who's Not Investing?
Millions marry and start families each year without taking basic steps to make sure their future, as well as their children's, is financially secure.
According to a recent survey by Princeton University and the Consumer Federation of America, 70% of households with incomes under $50,000 a year have retirement savings of less than $5,000. This same report said "most Americans are living paycheck to paycheck".
Strange Jobs Pay The Bills
This is the person that irons wrinkles from shoes as they are being made to ensure they are perfectly smooth when you buy them.
Chicken Sexer
This is a real job title. A chicken sexer sorts through baby chicks to determine if they are male or female, and then segregate them.
Citrus Fruit Colorer
A Citrus Fruit Colorer, with the help of steam and chemicals, gives citrus fruit a more natural coloring, because fruit is usually picked before it is fully ripe.
Celluloid Trimmer
A Celluloid Trimmer shaves down a golf club and then adds celluloid bands onto the golf clubs to make the leather grip stay in place.
Odor Judgers
Want to smell armpits all day to help make effective deodorants? I'm not sure why somebody other than some strange fetishist would want this job.
Furniture Tester
Now here's a good one. The La-z-Boy Company (and probably others) employs furniture testers to check out their recliners. Want to relax for a living?
Cowpuncher
You can herd, castrate and brand cattle. Then, when you get bored castrating cattle, you can repair fences, watering troughs and do other maintenance work on the ranch.
Alligator Wrangler
This is more of a dangerous job than a strange one, and probably not worth the pay, unless you get a T.V. show like the The Crocodile Hunter.
This is just a small sampling of the weird jobs out there.
*Is there Any More Weird Job That You Have In Mind?Please Share With Us.*
7 Very Strange Ideas People Make Money With
There's been some pretty wacky ideas that have made people profit well or even rich. Here's a small list of some of the strangest ways to make money.
1.Fetal Greetings
In 1999, a pregnant woman by the name of Holly tried to think of a great way to announce the birth of her unborn child. She came up with the idea to have her high school friend(a swell drawer) create some fetal babies in different positions on greeting cards with different sayings. The business went online and now you too can have your own fetal baby greeting card at fetalgreetings.com! Blech!
2.Bird Poop Jewelry
There once lived a man who was infatuated with jewelry...and bird poop. He combined the two things he loved and actually made jewelry out of it. The funny thing is that he made earrings too. Imagine the bird doodoo hanging from your ears.
3.Selling Dirt
A couple of Irish men came up with the idea to create a business selling actual Irish dirt from the country to Irish Americans over here in the U.S. The reasons for the dirt is to have some of "the mother country" on their graves. It is estimated that roughly 40 million Americans have Irish ancestry. This business could boom!
4.Road Kill Cleaner
This great job pays up to $15 an hour.
5.Body Advertising
What's better place to advertise than on a real live walking traveling human being? Goldenpalace.com has had it's logo on many big bellies of pregnant women as well as womens breasts. They've also paid one woman over $15,000 to name her child goldenpalace.com. The child is going to be one pissed off kid.
6.Sexy Towing
Would you rather have a hunky grinning body builder in spandex coming to your rescue when your car breaks down instead of a greasy 50 year old man in a greasy jumpsuit that resembles the raspist on the run that you saw on the channel 12 news? Well Christine came up with the idea to hire only good looking individuals with good personalities for her towing company. The men will wear spandex and politely offer you water. The idea surfaced when she and her husband broke down and they got rude towing guys. They felt that the towing industry needed a change.
7.Herpes Bling??
This is probably one of the most creative and disturbing ideas I've came across. Although a great way to cover those herpes and look blinging at the same time! Have you got your herpes bling yet?Extreme saving: 20 strange ways to save
1. Flowers for a wedding can be so expensive. A good way to reduce the cost is to drive through a couple of cemeteries the night before the wedding, and pick up a couple of the bouquets that are lying on the ground.
2. To do a quick wax job on my car, I use furniture wax. It buffs really well.
3. Train your cats to use the toilet! I was spending a fortune on kitty litter until I read about teaching your cat to use the toilet. It took a little training, but eventually they got it. They're neat about it and I save lots of money!
4. Put that beer down! Save what you'd normally spend on beer. By the time you retire you'll be able to afford all the beer you want. A six-pack a day is what -- $5 for the good stuff? Five dollars a day is over $1,800 a year! You know who you are. Invest this amount now, and you can buy all the beer you want when you're retired. I might even do the same.
5. Don't throw away the plastic backing in the package of sliced bacon. Wash it well, and place it between servings of raw meat before freezing. This saves on plastic wrap and is reusable.
6. Make more than what you spend.
7. When eating out, save on the expense of a soda by ordering a glass of water with lemon. Spice it up with a packet or two of sweetener, and it will taste like lemonade. No charge, no tax and no tip on that.
8. Use the squeegee at the gas station to wash your car.
9. Marry and stay married to a frugal spouse.
10. Never buy sandwich bags or storage bags again. Use the liners from cereal boxes and newspaper wrappers.
11. Pick up every penny or coin you see on the street. You will get richer!
12. Marry a man who can fix things. It saves thousands each year!
13. Whenever my family goes to a fast-food place, we grab handfuls of the free ketchup, mustard, salt, pepper, etc. Then at home my kids transfer the contents of the ketchup packets into the partially full bottle. We have only had to buy one large ketchup bottle in the last two years! Haven't bought salt and pepper in ages. It's a real giveaway!
14. Eat Cheerios!
15. Instead of buying toilet paper, I use yesterday's newspaper.
16. Make your local print shop your office. Use their supplies. The IRS takes a pretty dim view about people claiming home office space. Why get in trouble with a possible audit? Some print shops even have phones. Make your calls from there. Take your laptop there and use their electricity for free.
17. For mere pennies a day, you can feed yourself with dog food. And you will probably be healthier, as this diet is probably better than 95 percent of the typical North American diet. I would suggest dry dog food, though, as the canned varieties are not nearly as tasty.
18. Tell nearly everyone that you are going out of town this Christmas and will not return until after New Year's Day. Then buy most of your gifts during the after-Christmas sales.
19. Unplug clocks in your house while sleeping.
20. Next time you need an umbrella, go to your local public library and ask for the lost and found department. Tell them that you left your black umbrella at the library last month. They will show you a selection of several black umbrellas. Select the most expensive and it's yours. The bigger the library, the better the selection of umbrellas.
*Feel Free to Leave Comments if you have any more strange way to save up.*