January 16, 2016

money

My Uncle George always told me as a kid--erv, it isn't what you make but what you save (i.e. money under the mattress). 

"There is no reason anyone would want a computer in their home." -- Ken Olson, president, chairman and founder of Digital Equipment Corp., 1977

SlickWillie asked me--erv, do you really know anything?  You know SlickWillie, I have been asked this quite a bit and the answer is, I don't know, only because I really don't, I really don't!  Payton Manning says he knows for sure (i.e. how do we know if he's telling the truth or not--haven't we learned anything from all of our other heroes who ended up lying to us?).  But folks, I'm really telling you the truth, I really don't know! I know that I don't know what I don't know! KnowItAllSally (i.e. made one mistake in her life and it was a mistake) says--erv, I know that you really don't know if you know anything. Such is life.

It was Black Monday recently in the NFL (i.e. the Monday when they fire the coaches).  If you don't win as a coach, they stick ya with a fork--ypu are done.  It's all about the money.  The NFL is a tough business; they are tough; they have no heart; it's all about the money folks.  It's not like working for the government (i.e. very seldom anyone looses their job).  Or if you have an occupation where you are represented by a huge massive union (i.e. can't hardly ever get fired no matter how bad you are at your job). Free enterprise (e.g. NFL) seems to handle situations differently.  Such is life.

I read this while eating my oatmeal with a half a banana on it--78% of NFL players go bankrupt or face serious financial stress within two years of ending their careers, while 60% of NBA players are broke within five years of retiring. What in the world!

I went to the movie Everest (i.e. based on a true story).  A bad decision was made by Rob Hall, the leader, (i.e. he knew it was not wise--he let his emotions trump his wisdom) and it cost him his life. My Daddy, Chester, always said to me—erv, keep your emotions out of your business decisions.  That can be hard to do sometimes.  ItchieBitchie says—Sometimes my family thinks I’m cold when I rely on my “psychic numbness” when making money decisions. I’m not always popular with everyone when they want stuff and I think it’s a poor business decision.  It’s especially hard when my wife, BigSpenderJane, is aggressive and wants to spend.  Money management is a lot harder if you are married and partners don’t agree on money management philosophy (e.g. if one is a spender and one is a saver).  Such is life. 

LuckieEddie says--If you can stay away from those money grabbing money suckers, life might be better. Everyone wants your money. Yes, everyone.  I read in the paper sooooo it must be right--Floridans are complaining about a new taxation which they call a death tax (i.e. yep, they get 'em coming and going alright).  2  of 3 Floridans are cremated.  State of Florida puts an "administration fee" on each cremation of about $65 (i.e. much like some cell phone companies who try to tack on a few bucks of administration fees and no one complains).  The $65 isn't much considering the cost of dieing but it adds up to big bucks for the State of Florida.  CadillacJack says--And folks keep on dieing to pay it! Gotcha! 

J.C. Penney is a name synonymous with department store. He first launched his chain of "The Golden Rule" stores in 1907. In 1910 his first wife died. Three years later, he incorporated as the J.C. Penney company. In 1923 his second wife died giving birth to his son. In 1929 the stock market crashed and he lost $40 million. By 1932, he had to sell out to satisfy...creditors. This left [Penney] virtually broke. ...Crushed in spirit from his loss and his health suddenly failing, Penney wound up in a Battle Creek, Michigan sanitarium. One morning he heard the distant singing of employees who gathered to start the day with God: Be not dismayed, whate'er betide, God will take care of you.... Penney followed the music to its source and slipped into a back row. He left a short time later a changed man, his health and spirit renewed, and ready to start the long climb back at age fifty-six. By 1951 there was a J.C. Penney store in every state, and for the first time sales surpassed $1 billion a year. 

I read in the paper sooooo it must be right.  Many European countries have found a gimmick to raise some easy bucks off travelers.  They use traffic cameras and send the traffic tickets (e.g. driving in a restricted area or an area that you need a special permit) to the rental car company.  In the rental car contract, there is a provision that they can do this and the fine will be paid automatically by the car renter's credit card company.  The story said that some folks were charged up to $1,000.  My brother-in-law and sister were traveling in Austria using a rental car.  Folks were waving at them and smiling and saying something.  They smiled back and waved.  They thought these folks of Austria were soooo friendly.  They found out later, they was driving on the sidewalk!  Ouchy ouchy!

Last year, SvenFromFergusFallsMinnesota, replaced several windows in their house. They were the expensive double-pane energy-efficient kind. This week he got a call from the contractor complaining that his work has been completed for a whole year and he had yet to pay for them. Boy, oh boy, did they go 'round. Just because he was getting old didn't mean that he was automatically stupid. So, he proceeded to tell him just what his fast talking sales guy had told him last year... "that in one year the windows would pay for themselves." There was silence on the other end of the line so he just hung up and he hasn't heard back. SvenFromFergusFallsMinnesoat said--I must have won that silly argument!


SusieQ says--A couple of good, easy ways to get rich is to marry it or inherit it!  I was talking to a pickleball buddy the other day.  She is a senior widow.  I asked her--how many years since your husband passed--9 years--would you consider getting married again--maybe but I don't want to be a rich nurse!!

Warren Buffett says--Be Frugal: "If you buy things you do not need, soon you will have to sell things you need." "Do not save what is left after spending, but spend what is left after saving." TheOtherWarrenFrom Omaha says--You got to drill your well before you are thirsty! ~ Money and possessions are the second most referenced topic in the Bible--money is mentioned more than 800 times--and the message is clear:  Nowwhere in Scripture is debt viewed in a positive way. Love is the most referenced topic. I don't know if that is from Christian left or the Christian right!!!!  Of course if you don't believe in the Bible (i.e. you die like a pig), the Bible doesn't mean much to you).  Then you need to go and see Star Wars again or talk to the bartender!!!! That might work.  Such is life.


Crazy to me!  The average price for a ticket on SubHub for the Championship game the week before the game was $807.  Alabama and Clemson had sold their 20,000 allotted tickets for about $550.  This week the average cost for tickets for the 2016  Super Bowl are averaging $5,500.  50,000 folks from IA went to the Rose Bowl.  GeorgeTheCrook says--It seems that some folks have money.  

Some of you folks will recall a scene from the movie, City Slickers, in which the grizzled old cow hand, Curly (Jack Palance), is giving advice to Mitch (Billy Crystal), the clueless city slicker. “Do you know what the secret of life is?” asks Curly. Holding up his index finger, he says, “This.” “Your finger?” quips smart aleck Mitch. Curly growls, “One thing, just one thing. . . .” “That’s great,” says Mitch, “but what’s the one thing?” “That’s what you’ve got to figure out!”

Here is Peter's (i.e. anybody can be a Peter) opinion about money (i.e. right from the horse's mouth):











If you would like to read the article  http://www.thesimpledollar.com/everything-you-ever-really-needed-to-know-about-personal-finance-on-the-back-of-five-business-cards/

Have a FUN day my friends unless you have other plans. (-:

erv

MyFriendJean says--Nothing can be accomplished until you take the first step.

P.S. The Canadian Snow Birds have to pay more for their whiskey as the conversion rate is about 70% (i.e. A Canadian dollar is worth about 70 cents U.S.).  They say their whiskey is still cheap compared to in Canada.  Soooo they are still drinking their whiskey!  Besides, it's only money!

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