by Odahh
16 replies
hello,

which do you want .. do you want to work for money . or do you want the things you can get with the money .

money is important because nearly everything can be gotten for some amount of money ..from those who really need the money . and it is rarely common women chose men based on their ability to earn money .

so the urge and the drive we are instilled with from an early age ..is to strive to make the most money we can .

there is also this retirement thing . that means you have to almost save more than you earn ..20-30x your income when you retire . in order to retire .at which time you where supposed to start enjoying life . but today it just means you live on whats left after food mortgage and medical bills .

so you work hard for money the government takes a bunch of taxes out of you .. then what you do put aside in pensions mutual funds and other thing ..is invested in government debt.

so when you work for money ..just who are you working for.

now money is as important ok slighly less important than food air and water .. but as important if you want to have the best food and clean water ..and maybe even better air to breath .

in the world we live in the question is no longer ..there are many thing you can do that if you like doing them they can make enough money to support you doing them at some point if you are willing to get good enough that people will give you money .

there is also a ton of gadgets out there that make what use to take large amount of time..that you where willing to pay others for. and expensive equipment you could not afford .. into things you can do and afford to do in a very short time for less than what you would pay .

Today in this modern world the tools of entertainment can be used to produce things of value ..so you can have a computer that is wonderful for playing video games and watching you tubes..but you can also use it to post you tubes run a blog , a website to earn some money .

it can cost 5 $or more for a fresh baked loaf of artisan bread. or you can spend 250$ for an electric grain mill that will last 30 years .. and 400 $ for a bread mixer or food processing system.. that will make several loves of bread at once and last 30 years .. and then it is buying the grain you want and making bread with very little personal effort . that beats the taste of most you can buy .

let sat the price of fresh baked bread never goes up again and you 150 pounds of grain a year that makes 200 loaves of bread and may cost 100 dollars ..lets splurge 200 .

so 200 loaves of bread a year worth about 1000 dollars ..year number 1 pays for itself and you can throw in a 250 dollar solar oven ..and take out enrgy costs of cooking .

after that it is 800 - 900 dollars a year in savings while enjoying the best quality bread . but you can grind grain for many other things .. use the mixer for other thing ..and cook in the solar oven any time there is enough sun .

How much money you make is not 1/4 as important as how you spend the money you make ..

spend money on thing that improve your life , build your skills, and save you money over the long term . and you may never technically be rich.. but you can live quite wealthy . even the 25 $ thousand dollar watch can fit into this

spend money on things that add expenses and add no real value to your life .and the story is different .

understand what you want and either earn the money to get what you want or earn enough money to make what you want ..
#money
  • Profile picture of the author sl24
    Banned
    [DELETED]
    {{ DiscussionBoard.errors[8588935].message }}
    • Profile picture of the author Odahh
      Originally Posted by sl24 View Post

      That's great and all, but money cannot buy everything my friend.
      wow i guess my post was total babble and hard to understand if that was the response .

      so tell me how many women you know out of school . who are not losers themselves ..stay with guys who are totally broke and penniless..for long .

      money may not be able to buy love ..but the easier it is if you are a guy of course ..the more money you have to attract a partner you want . and keep them if you actually have time to give them attention
      {{ DiscussionBoard.errors[8589242].message }}
  • Profile picture of the author IM Inc
    Originally Posted by Odahh View Post

    hello,

    which do you want .. do you want to work for money . or do you want the things you can get with the money .

    ..
    None of the above. I want my money to work for me...
    {{ DiscussionBoard.errors[8589430].message }}
    • Profile picture of the author Odahh
      Originally Posted by IM Inc View Post

      None of the above. I want my money to work for me...
      tha is how the rich get richer ..it is as important how you spend and how to get your money to work. with less effort from you .
      {{ DiscussionBoard.errors[8589531].message }}
  • Profile picture of the author streetpipscom
    Money is very important to our daily needs so we need to earn it. For me hard earned money should be valued.
    {{ DiscussionBoard.errors[8590211].message }}
    • Profile picture of the author rrogers82
      I'd rather not have to "work" - I'd like to provide value in exchange for money, but then quickly invest that money into my future, not spend it on crapola I don't need (which I do a lot) As long as I earn more than I spend i'll be happy.
      {{ DiscussionBoard.errors[8596931].message }}
  • Profile picture of the author HeadStartSEO
    Here's my 2c: money buys time, experiences (clearer perspective/ more open mind), and more ability to invest in fitness and health.

    With those, life gets a lot easier.
    {{ DiscussionBoard.errors[8599225].message }}
  • Profile picture of the author keith88
    Originally Posted by Odahh View Post

    hello,

    which do you want .. do you want to work for money . or do you want the things you can get with the money .

    money is important because nearly everything can be gotten for some amount of money ..from those who really need the money . and it is rarely common women chose men based on their ability to earn money .

    so the urge and the drive we are instilled with from an early age ..is to strive to make the most money we can .

    there is also this retirement thing . that means you have to almost save more than you earn ..20-30x your income when you retire . in order to retire .at which time you where supposed to start enjoying life . but today it just means you live on whats left after food mortgage and medical bills .

    so you work hard for money the government takes a bunch of taxes out of you .. then what you do put aside in pensions mutual funds and other thing ..is invested in government debt.

    so when you work for money ..just who are you working for.

    now money is as important ok slighly less important than food air and water .. but as important if you want to have the best food and clean water ..and maybe even better air to breath .

    in the world we live in the question is no longer ..there are many thing you can do that if you like doing them they can make enough money to support you doing them at some point if you are willing to get good enough that people will give you money .

    there is also a ton of gadgets out there that make what use to take large amount of time..that you where willing to pay others for. and expensive equipment you could not afford .. into things you can do and afford to do in a very short time for less than what you would pay .

    Today in this modern world the tools of entertainment can be used to produce things of value ..so you can have a computer that is wonderful for playing video games and watching you tubes..but you can also use it to post you tubes run a blog , a website to earn some money .

    it can cost 5 more for a fresh baked loaf of artisan bread. or you can spend 250$ for an electric grain mill that will last 30 years .. and 400 $ for a bread mixer or food processing system.. that will make several loves of bread at once and last 30 years .. and then it is buying the grain you want and making bread with very little personal effort . that beats the taste of most you can buy .

    let sat the price of fresh baked bread never goes up again and you 150 pounds of grain a year that makes 200 loaves of bread and may cost 100 dollars ..lets splurge 200 .

    so 200 loaves of bread a year worth about 1000 dollars ..year number 1 pays for itself and you can throw in a 250 dollar solar oven ..and take out enrgy costs of cooking .

    after that it is 800 - 900 dollars a year in savings while enjoying the best quality bread . but you can grind grain for many other things .. use the mixer for other thing ..and cook in the solar oven any time there is enough sun .

    How much money you make is not 1/4 as important as how you spend the money you make ..

    spend money on thing that improve your life , build your skills, and save you money over the long term . and you may never technically be rich.. but you can live quite wealthy . even the 25 $ thousand dollar watch can fit into this

    spend money on things that add expenses and add no real value to your life .and the story is different .

    understand what you want and either earn the money to get what you want or earn enough money to make what you want ..
    I want the experience having alot of money brings..
    {{ DiscussionBoard.errors[8601774].message }}
  • Profile picture of the author emanadel
    hi there for me
    i want both the money and the thing u can get with the money
    {{ DiscussionBoard.errors[8601870].message }}
  • Learning comes from experience. Just talking about value of money will not get the job done. Learning how to earn, save and spend money appropriately comes from real life experiences.
    {{ DiscussionBoard.errors[8611213].message }}
  • Profile picture of the author abdovic
    With the principles of " value for money " , it is possible to explore how money grows over time in the form of compounds in an interest bearing account . To demonstrate the power of these principles , we will use a simple investment scenario to illustrate an example :

    We will add to this simple investment vehicle investment scenario that provides a small monthly rent of $ 100.00 per month. Article using the time value of money ( TVM ) is to first understand that there are five elements in the TVM calculation , the number of years ( N ) , ( an i / ) Interest rate the present value (PV ) , the periodic payment ( value received or paid ) ( PMT ) and the future ( FV ) . If you have four of the five elements , you can solve for the fifth .

    With this in mind, let's begin our value of money Illustration:

    A landlord rents out a room in your house to a young student of $ 100.00 per month. How much money the owner accumulate after five years if the student moves $ 200.00 down , and the owner reinvests $ 200.00 monthly payments received on a CD of five years with annual interest rate of 3.00% ?

    As owner will receive monthly cash , need financial calculator 12 payments per year. N = 5 ( 5 x 12 = 60 payments )

    E / year = 3.00%

    PV = $ 200.00 ( payment received )

    PMT = $ 100.00 mo . (Payments received each month )

    Future value at end of year 5: $ 6696.99

    conclusion:

    In this scenario , a homeowner could accumulate $ 6696.99 at the end of the fifth year by spending the first $ 200.00 they have received and to reinvest income payments that receive 100 $ 00 per month . This is not factoring the other five evaluation criteria of equity, principal reduction , and rich combination of cash flows accelerated re - investment and growth that occurs during the time equity and tax savings that comes from the amortization and cancellation of the costs incurred by the entity in the context of day to day operations .
    {{ DiscussionBoard.errors[8622961].message }}
  • Profile picture of the author Odahh
    abdo.. wouldn't the returns have been much high ..if said property owner had a mortgage of 4-5 percent or whatever above 3 . and applied that 100 dollars to the mortgage payment every month
    {{ DiscussionBoard.errors[8623106].message }}
  • Profile picture of the author JohnnyG11k
    Good insights.

    I also prefer to work for improving my communication and writing skills. Whether I get paid (big) or do any pro-bono work, I see the journey as a learning experience.

    Anyway, once you have the money-roll in, I agree that it's a different ball game to know how to save the money, and how to properly invest it to produce a return, right?
    Signature
    You won't believe it!
    This NICHE made me $300,000...
    {{ DiscussionBoard.errors[8624105].message }}
    • Profile picture of the author Odahh
      Originally Posted by JohnnyG11k View Post

      Good insights.

      I also prefer to work for improving my communication and writing skills. Whether I get paid (big) or do any pro-bono work, I see the journey as a learning experience.

      Anyway, once you have the money-roll in, I agree that it's a different ball game to know how to save the money, and how to properly invest it to produce a return, right?
      if we break our minds away from what we have been told we should want..and figure out what we do really want .

      then figure out where we can do something of value to people ..and contually put out the value we need to to have the lifestyle we want .and also increase the value of what we put out and get back .

      average people only put a value on each hour they sell for money ..or what they can do to get free money from the government ..and the system has purposly under educated them so they need to pay money for everything they want ..and do not even know how to cook themselves a meal.

      today communism and capitalism have merged ..and are invalid as separate ideas of economy .today much of what is mass produced ..are the tools for small scale individual production.. and workers are getting replaced by robots and computer programs ..or just from the fact what industries use to be needed for to produce are being replaced .

      think the record industry ..travel agents ..customer service is being shifted to websites and automated phone system with voice recognition that understand you better than many opperators .

      those people with just the skills to earn money and use that money to buy everything they need to live on day to day are on a pth that for many is already painfull and will only get more so .

      if you earn money develop skills, buy tools to make some of the stuff you use . you also open yourself up to adding some income or having something to trade .

      if you are always able to make some of the stuff you need .and make enough to have to trade or sell to get stuff you need or you want .

      the only way to provide for the basic needs of every human is to give them the tools and the training to fill their needs ..not to develop systems make them dependent
      {{ DiscussionBoard.errors[8624226].message }}
  • Profile picture of the author Odahh
    we really are speaking two different languages on this .

    but i responded to the example you provided .

    that really is silly to over think.. saving money at 3 % interest when inflation on the things you buy is higher . and you have debt at higher interest is not a smart long term thing .

    now if you are saving that money in order to buy a car without a loan next time you need one ..it makes more sense .

    here are much simpler concept..keep operating expenses as low as possible ..and invest money where it will either make or save money .

    the greatest savers on the planet are the Chinese. and good investments in chine are buying buildings no one ever lives in and selling to the next person with the same strategy when they need the money .

    so they build entire cities that stay empty ..and for a short time it keeps the economy going and growing . but there is a huge environmental cost and opportunity cost .
    {{ DiscussionBoard.errors[8629245].message }}
  • Profile picture of the author LinkContractor
    Great thread!

    I believe that amount of money is a barometer that shows how much value are we adding to society / present civilization!

    human beings that sell 20.000.000 copies of audio books make lots of money for adding lots of value. average joe who washes floor @ mcdonald's adds little value.. keeps a floor in an area clean by using his body so that's why the $-reward is lowish!

    I recommend the following for lots of money:

    1. quantity - thanks, internet, for helping us sell our wares in a big amount of quantity!
    2. quality - this is the magic bullet, so to speak, provide value, solve problems, help people!

    and what can you do with money? how can you VALUE the money? well, you can give away some for charity (10%)... then you can invest in yourself (education).. also invest in your 'fun' - travel, trips etc... give gifts and presents to family and friends... and remember to live life fully on Terra!
    {{ DiscussionBoard.errors[8630034].message }}

Trending Topics