Saturday, April 5, 2014

Failure

The key to failure is to do what's expected of you.

Minced meat

The minced meat here is of such a low quality that I'm starting to wonder what happens to the edible parts of the cow.

Thursday, March 13, 2014

Dead plants.

It's strange that some women don't want to be given cut flowers because they (the flowers) are dead. The same women buy a Christmas tree and then throw it away.

Monday, March 10, 2014

Buying or renting a property?

In todays apartment/housing market there are many people who tell you it is more economical for you to rent an property than to buy it. They say that instead of tying your money in a property you should invest the money and build it up so that in the end your investment will pay for the rent. They are right, and wrong.

If you buy property?
     Negative points: You'll have to pay purchase fees, maintenance and property taxes. Your property might lose it's value proportionally or fully. If serial killer moves into next apartment/house, if the local supermarket, school or the largest employer in the neighbourhood closes, your property will lose some of it's value. Depending on your mortgage you might be stuck in a property that you hate and eats all your income. Defaulting on your mortgage payments because your property is worth less than the mortgage and letting the bank take the property will get you into deeper trouble. You'll still owe the bank the difference, plus all costs, only now the bank wants it all in one sum instead of monthly payments. If hurricane or tsunami destroy your property and you have little or no insurance you might find yourself homeless but deep in dept. Property ties you down, you might have to refuse good job offer because you can't sell your property fast enough.
     Positive points: The value of the property might rise. New highly paid job opportunities close by might make the value skyrocket. Regular payments of a mortgage usually go down as you slowly pay down the capital dept. Once your property is dept free, your salary is all yours.

If you lease property?
     Positive points: You only have to pay regular monthly payment (plus maybe small finders fee) and no matter what happens to the property you can always leave with few months, even weeks, notice.
     Negative points: Rent always rises. Some landlords of rented properties do not like you to make changes to the property to fit your tastes or needs, others do not maintain the property properly. The landlord might decide to sell the property or for other reasons kick you out. In todays highly volatile stock market you are much more likely to lose all your investments than to lose your property.

A lot depends on your age. I would say that no later than by the time you're 35 years old you should have bought a property with the aim of owning it outright by the time you're 55-60 years old. You do not want to log into your investment portfolio when you are 60 years old to find your investments worthless while you're living in high rent property or your mortgage is higher than the property value.
The crossover point of purchasing property being cheaper than renting is usually somewhere between 4-8 years. After 35 you are much less likely to move than before 35.

Lower taxes by living in a cheaper property further away from city centers (which incidentally also lowers your mortgage). Spend wisely on maintenance. 

Monday, March 3, 2014

Better place

The world would be a better place if people knew half as much about what food and exercise is good for them as they know about what drug is numbs the pain of living with their selves.

Sunday, March 2, 2014

Training electrons.

I want to train electrons so computers can use electrons for calculations instead of current method of shovelling electrons down a conducting path. Just imagine an electron taking a certain path over a conductor, basically creating a circuit in every conducting material, instead of flow of groups of electrons through predetermined conducting paths and components. :)

Saturday, January 18, 2014

How to have more money.

Warning. Saving too much money will cost you your friends. Having too much money will get you some friends but they'll leave when the money runs out.

1. Make a detailed list so you know what you are spending your money on. Track your progress so you know how you are doing in adjusting expenses.

2. Make a budget by going through that list and separate what you need from what you like or want. Need = shelter, food, clothing, transport. Like/Want = large house, exotic foods, designer clothing, nice new car, great stereo. Allocate your salary to necessary items and eliminate the want items.

3. Create emergency fund so you can meet unexpected expenses like broken fridge or washing machine (but see nr. 10). (Money you keep in a account is not emergency fund if you owe the same amount, or more, somewhere else.)

4. Start paying up loans, starting with the loans that you pay the highest interest on.

5. Don't use credit cards or overdraft on your bank account. Don't travel if you have to use credit card to pay the trip. If you can't pay it when you order, you can't afford it.

6. Get rid of the car (or one or of the cars from the home) and use public transport or bicycle or your feet or get slower, cheaper car. Don't buy a gas guzzling car to make you feel safe in, drive safely.

7. Don't eat out, order in food or get take-away food more than once or twice a month. Don't go out regularly with your friends to pubs, coffee shops or similar expensive places. Meet at each others house in rotation. Plan your meals in advance, plan them around what is available in your freezer/fridge, aim to empty your freezer of everything more than a month old, fridge more than a week old. Use coupons at the supermarket.

8. Cut regular costs. Shop around for deals on regular cost items. Stop smoking if you smoke. Stop drinking alcohol if you drink it. Cut cable or get the cheapest option, get slower internet, lease cheaper mobile phone, reduce insurance coverage (self insure, especially if you have older worn out things and your insurance carrier has lots of small print that can reduce or prevent payout in case of you needing insurance). Cut the gym and go out jogging. Pack a lunch for work.

9. Buy things that last and take care of the things you have. Wax your car, paint your house, don't drink or eat in the sofa or over the carpet. Don't be sloppy and leave your things where they can be damaged. Don't let your kids leave their toys/things outside.

10. "Use it up, wear it out, make it do or do without." Don't replace things just because some new things are available or they develop minor failures. Always try to repair them first. Don't replace your oven because you burned some food in it. Don't replace your TV because there is a new one with a 3D option. Repair your children's bicycles instead of buying new ones. Fix clothing, sew up small rips, replace zippers, glue shoes that are starting to come apart. When clothes are finally worn out they are good for rags. There are videos on YouTube teaching you how to do all those things.