Full Money Market

Archive for the ‘money management’ Category

i heard they were good about not having hidden fees and getting your finance charges down. has anyone used them? i dont want any gimmicks.

You wouldnt have to worry about it if : Here’s the plan:

*I’m against the $85,000,000,000.00 bailout of AIG.*

Instead, I’m in favor of giving $85,000,000,000 to America in a *We
Deserve It Dividend*.

To make the math simple, let’s assume there are 200,000,000 bonafide
U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman
and child. So 200,000,000 might be a fair stab at adults 18 and up..

So divide 200 million adults 18+ into $85 billon that equals
$425,000.00.

My plan is to give $425,000 to every person 18+ as a *We Deserve It
Dividend*.

Of course, it would *NOT* be tax free. So let’s assume a tax rate
of 30%.

Every individual 18+ has to pay $127,500.00 in taxes. That sends
$25,500,000,000 rig ht back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket. A
husband and wife has $595,000.00.

*What would you do with $297,500.00 to $595,000.00 in your family?*
*Pay off your mortgage – housing crisis solved.*
*Repay college loans – what a great boost to new grads*
*Put away money for college – it’ll be there*
*Save in a bank – create money to loan to entrepreneurs.*
*Buy a new car – create jobs*
*Invest in the market – capital drives growth*
*Pay for your parent’s medical insurance – health care improves*
*Enable Deadbeat Dads to come clean – or else*

*Remember this is for every adult U S Citizen 18+ ‘including the
folks who lost their jobs at Lehman Brothers and every other company
that is cutting back. And of course, for those serving in our Armed
Forces.

If we’re going to re-distribute wealth let’s really do it…instead
of
trickling out a puny $1000.00 ( ‘vote buy’ ) economic incentive that
is being proposed by one of our candidates for President.

If we’re going to do an $85 billion bailout, *let’s bail out every
adult U S Citizen 18+!*

*As for AIG – liquidate it.*
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.

*Here’s my rationale.* *We deserve it and AIG doesn’t.*
=0 A
*Sure it’s a crazy idea that can ‘never work.’*

But can you imagine the *Coast-To-Coast Block Party*!

How do you spell* Economic Boom?*

*I trust my fellow adult Americans to know how to use the $85
Billion*
*We Deserve It Dividend* more than I do the geniuses at AIG or in
Washington DC ..

And remember, The Chud plan only really costs $59.5 Billion because
$25.5 Billion is returned instantly in taxes to Uncle Sam.

The news is full of stories of people who do not understand credit, budgeting, mortgages, how to balance a check book, how to deal with debt and investing. It seems like so many people are poor with money but do not know where to turn.

Our schools are full of teachers who can tell students about advanced math and science but few leave high school and head out into the real world with an understanding of basic money management.

How did you learn about how to deal with money and how are your friends and family in the subject?

When I was young I had less ease of access to credit and less cash, so you learn from there. The problem today is many people can get credit when they are not ready for it.

I heard different stories about that. Some are winners and some are losers. How does that really work?

hi life,
if you use money management, even if you lose, you won’t lose the farm.
good luck,
jake

I’m looking to major in like a finance situation, like so i can invest my money right and stuff.

Thanks

US News and BusinessWeek both rank undergraduate business programs. You can look at their web sites.

If you expect to get into one of the good programs, you will need to be a little more articulate than you have been in this question.

Do Jews just have a knack for Business or what? Or is this just a stereotype. I would love to hear the Muslim perspective on this issue as well.

I think your fundamental premise is wrong.

When someone is able to accumulate much money … There are various possible reasons why. (coming into money, hoarding money, good money management, favoritism from business or government, etc).

You’re assuming that the reason is "good money management". I believe you are wrong.

Jews are a lot like some Asian cultures. They refuse to basically allow themselves to melt into the melting pot. And there are positive and negative consequences.

Example, people tend to view Asians as often unfriendly and cold. This is their consequence of their choice to only hang out with other Asians, to only buy Asian products and cars, etc. I know many Asian people who would not buy an American car for a million bucks. Not that they think there is anything "quality" about a Kia. They just refuse to give their money to an American or European company.

Jews are the same. Me and spouse have BOTH had a jewish boss in the past. They are typically cold, hoarding, non-generous people. Many cultures have come to hate them not just for no reason, but because most people dislike someone with a better-than-you attitude. Yes, the Muslims hate for the Jews is biblical, but even in the Bible there is a reason. Ishmael hated the child of promise precisely because of who he was – or thought he was.

Have you heard of the new Jewish car? It can turn on a dime. (then it stops to pick it up).

Why am I telling that joke? No, it’s not because I hate Jews. All people – including myself and my ethnicity, yourself and your ethnicity, and all the persons answering this question and their ethnicity – have both positive and negative characteristics. To stereotype them as assuming that 100% of them are like that, well that’s wrong.

But to refuse to acknowledge commonly held traits – well, that’s just dumb. (I know it’s PC, though, and probably a few people will vote mine as best answer, but the rest will hate it and flag – that’s the culture we live in. I would be EQUALLY ready to (and often do), criticize my own self and where I am from. Only by being honest do we have any chance of improving.

Thanks.

Thanks!

Try GNU Cash.

http://www.gnucash.org/

or Mint

http://www.mint.com/

He is 14 years old.

There is no dollar amount that you can throw out that will satisfy this question indefinitely. It’s not as easy as the age you should lose your virginity (17). First off, if you are able to give him any money at all in our current economic situation, then he is blessed. Secondly and most important, the amount of money you should grant him depends on his character and his work ethic. Put simply, if he has no dreams, aspirations, energy, or a desire to develop into any kind of functional constituent of society, you cannot give him a nickel. Then there is the other side of the scale as well (e.g. he pretty much takes care of himself) which, in this case, he will probably be making his own money soon (I did it with mowing lawns, then scrub work at a bbq joint and never looked back because I wanted my own cash and no one to tell me what I should or should not spend it on) so cherish the moment. If the slovenly character I mentioned before shows extreme improvement you should slip fatty a $20 every now and again, but do not schedule it. This will reward his abhorrent behavior as well, which is probably how he ended up in this situation in the first place (no offense). Chances are your son is somewhere in between. I would use some sort of sliding scale based on your income and your son himself. Also, if you’re still unsure about your choices, make sure you get the opinion of some people you trust that might know him- teachers or professionals of some sort. Make sure you’re not coddling him especially if he is destined for excuse-driven behavior. It’s corroding our very soul in this country. Sorry to deviate from our topic, but that’s an area I feel strongly about.

I want a program that I can see my banking and my credit cards and loans and monthly bills. I also want to be able to put in my goals and such. Thank you.

Quicken, made by Intuit, has those features as long as your bank and credit card company support it (little local banks don’t). There is a planning section so you can calculate loans etc.
Check their web page for a free trial ; http://quicken.intuit.com/index.jsp?cid=ppc_y_b_all_stan_US_pfs+br_brand+general_intuit+quicken_b&priorityCode=4933600000&ven=y&kw=intuit%20quicken

1. If i deposited $650 in an account that bears 4% interest compounded quarterly
how much will i have at the end of 4 YEARS?

2. If i deposited $5000 in an account for 3 years and the money is compound monthly how much INTEREST will i have earned at the end of the time period if the interest rate is 7.5%?

a) quarterly for 6 YEARS?
b) quarterly for 9 MONTHS?
c) weekly for 5 YEARS?

Problem 1:

If interest is compounded quarterly, it means that, four times a year,
you get 1/4 of the interest, which is added to the principal, and earns interest going forward.

4% means 4 % per year, or 1 % per quarter.
Each quarter, the balance increases by "times 1.01".
4 years = 16 quarters
650 * 1.01 ^ 16 = 762.18

Problem 2:

Compounded monthly means you get 1/12 of the interest each month, as above.
.075 per annum = 0.00625 per month.
3 years = 36 months.

5000 * 1.00625 ^ 36 = 6257.23 which will be the account balance.
But we must subtract the original 5000 to get the interest: 1257.23

I’ll leave the rest for you – they are done the same way.

How do i report these on my taxes?
i made these investments with money that i won from gambling.

Unless you have sold the silver and the fund and realized a gain from those investments, there is nothing to report yet regarding them. You do have to report the gambling winnings as income for the tax year in which you earned them.