Topic: How to save money. - page 176. (Read 345783 times)

Thanks for the insight freeyourmind. 66% of the 10% isn't that bad to be honest then. i guess it all can relate to what investments are being purchased and handled by your 401k.

I believe he means that he can contribute up to 10% of his gross income into his 401k, and the company will match 66% of his contribution, or 6.6% of gross income, making the total contribution 16.6% of gross income.

Each company usually has it's own program for retirement savings, health benefits and a stock plan if it's a public company.  I have seen retirement matching of between 0 - 175% of employee contributions.  The company with 0% had a stock plan though.

Personal savings are decreasing, even the sheeple know something doesn't ad up. They can not get their pin heads to connect the dots. They still are pre occupied with dress color, nascar, voice or any such shit put in front of their face. None the less they know something aint right. I'll give em that...

oh yeah, one more way:

DONT GAMBLE CAUSE THE HOUSE ALWAYS WINS!

_Miracle your company pays 66% up to 10%? Sorry I'm a bit confused on this. I know the 401k is the Retirement Fund in the US. What is the normal match by businesses in the US and how much more is your match by your company then?

:-) George Carlin was a wise and funny man.

Good credit and using it wisely can be an excellent asset () over using it...not so much, and can be very costly.

I maxed the match on my 401k: my company pays 66% up to 10%. It was the easiest/most difficult thing to do (I question the decision every paycheck but know it is the right one ;-).

As a consumer who enjoys nice things, I often consider buying things in bitcoin terms:
"This is a $100something down comforter so when I spend this .50 bitcoin on it, it better be worth it" *kidding but only sort of :-)

Well not every investment is in the form of putting your money in a certain company and let them do the work for you. There are other things that could be considered as an investment, though, and investments aren't just exclusive to big companies. Even your $10 could make a pretty good investment, if you would ask me. I know that we live in the same country, and I know that you are fully aware of the conditions of the poverty-stricken people living in here. Sidewalk vendors, street merchants, cigarette dealers etc. can be considered as "investors" because apparently, they put their money on things that could give them profit, hence the term "investment". If I don't have that much money, I would definitely not put in bank because the gains that I could get would be ridiculously small, compared to if I bought some things that I can sell to others.
[/quote]

Well if you said 'sidewalk vendors, street merchants, cigarette dealers' can be considered as investor, I wont say that it will be like that, because investor means that people put their money to be invested and hope it will gain a lot from it. As long as they put a lot money to be invested they must get more from their invested money. Altough it really give it a high risk to them they are still going to invest it as long as they can afford their lose to the invest

And if you just buy things then selling to others that means you are do trading not do the investment
[/quote]
I think thay street vendors, sidewalk vendors are not an investors. In investing you wouldn't have to get tiree to earn money in investing your money will be allowed to borrowed it of the company and if their business are failed you wouldn't have a profit and your money will lost too. But if their business are successful your money will have a profit as your contract says.

How they invest if they don't have enough money? Do you think they will invest if they dont have enough money?  If they cannot afford or they money is not enough to that investment why they go there and invest? They must invest that they can afford. No you know?
[/quote]

Well not every investment is in the form of putting your money in a certain company and let them do the work for you. There are other things that could be considered as an investment, though, and investments aren't just exclusive to big companies. Even your $10 could make a pretty good investment, if you would ask me. I know that we live in the same country, and I know that you are fully aware of the conditions of the poverty-stricken people living in here. Sidewalk vendors, street merchants, cigarette dealers etc. can be considered as "investors" because apparently, they put their money on things that could give them profit, hence the term "investment". If I don't have that much money, I would definitely not put in bank because the gains that I could get would be ridiculously small, compared to if I bought some things that I can sell to others.
[/quote]

Well if you said 'sidewalk vendors, street merchants, cigarette dealers' can be considered as investor, I wont say that it will be like that, because investor means that people put their money to be invested and hope it will gain a lot from it. As long as they put a lot money to be invested they must get more from their invested money. Altough it really give it a high risk to them they are still going to invest it as long as they can afford their lose to the invest

And if you just buy things then selling to others that means you are do trading not do the investment

Impossible. Even the banks (which I think you're referring to) could get out of funds in some rare cases. Every investment in this world comes with different degrees of risks. It's just up to the investor himself/herself to minimize those risks in order to decrease the possibility of him/her on having a loss of investment.
Well not every investment is in the form of putting your money in a certain company and let them do the work for you. There are other things that could be considered as an investment, though, and investments aren't just exclusive to big companies. Even your $10 could make a pretty good investment, if you would ask me. I know that we live in the same country, and I know that you are fully aware of the conditions of the poverty-stricken people living in here. Sidewalk vendors, street merchants, cigarette dealers etc. can be considered as "investors" because apparently, they put their money on things that could give them profit, hence the term "investment". If I don't have that much money, I would definitely not put in bank because the gains that I could get would be ridiculously small, compared to if I bought some things that I can sell to others.

How they invest if they don't have enough money? Do you think they will invest if they dont have enough money?  If they cannot afford or they money is not enough to that investment why they go there and invest? They must invest that they can afford. No you know?

Every investment sure got risk, no matter it is a low risk or high risk. A great businessman said that higher the risk higher you will get. That things like freeze our money sure isn't count as investment, because we can't do anything about it, just wait to get that 1-3%, lets say you have got so much money of course the 1-3% is higher than low money How about people that dont have much money? How long they need to wait to get their money that they need?

Not all investment may lose your money. Theres a investment that have 0% risk and that investment will freeze your money and you will earn 1-3% profit of your invest money.

Nice method, the best way of saving is putting aside a certain percentage of your income.
Invest, and you may lose it all.

Don't even have land to build on it. First of I will have to buy a descent size land and that will take a fortune. Not possible right now.

So the question is are you treating life insurance as an insurance or as an investment for your family upon your passing?  Really need to hear back from sukamosoto on what his age and coverage is.

But for your example, assuming that you're 30 and the average life expectancy is ~79 years old give or take depending on where you live, it is unlikely that you will pass away in the next 20 years due to natural causes.  But you will have paid about $18k in life insurance, which represents 40% of income, with nothing to show for it (zero savings and zero consumption).

What is the point in sacrificing such a large portion of your income from a ridiculously large coverage like $500k?  That is 217 years of sukamosoto's income.  To me, that is a speculative play, where my passing would hook up my family financially, for much more than I provided for them when I was living.

Perhaps sukamosoto has a valid reason for this (maybe he has many people that are financially dependent on him), but otherwise, and this is just my opinion, your income is far too heavily weighted on insurance.  Keep in mind insurance companies are in the business of getting more money than they pay out.  Otherwise they wouldn't be solvent.  You could reduce the insurance policy and coverage down significantly to the point where you have a $5/month or $10/month premium, and you can save the other $67-72 per month.  Maybe use some of that for consumption, share some with the family and save or invest the rest.  It's better to live that way than to put all your eggs in the basket of death.

i didn't say that you buy a a house. build a house using you savings this is the reason why you save, for emergencies and for personal sake and business. So save as you can build a house rental.

Thanks but rental income is not possible for me. I am not located at a single country. and don't have enough money to buy a new house for rental income. Can't even afford to buy house for myself.

At around that rate for USD $77 per month, that is roughly USD $500,000 Coverage for 20 Years in Hong Kong. A decent coverage to be honest.

Yea i kinda have my own life philosophy, besides most rich guys dont spend much at all. And those who push money away from them will never have money.

Then you must be a saint
That's really surprising to see such a person on internet.