CA$H

SteveR

Does anyone here think saving is addictive. For every single job I've had, I have always saved as a matter of automation. Get pay, put half away. I like to see the potential grow.

Kouji_San

*taking notes*

I'll be sending over some asociates of mine to you lot. Not black mage though, unless some mittens make it my way <img src="style_emoticons/<#EMO_DIR#>/tounge.gif" style="vertical-align:middle" emoid=":p" border="0" alt="tounge.gif" />




<-- not enuf hence the taking notes bit

eediot

<!--quoteo(post=1596654:date=Jan 10 2007, 04:03 AM:name=SteveR)--><div class='quotetop'>QUOTE(SteveR @ Jan 10 2007, 04:03 AM) [snapback]1596654[/snapback]</div><div class='quotemain'><!--quotec-->
Does anyone here think saving is addictive. For every single job I've had, I have always saved as a matter of automation. Get pay, put half away. I like to see the potential grow.
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Saving is addictive, but it's just wasted money unless you're investing it.

Browser_ICE

I rarely have more then the actual amount of my pay check when its deposited. I have a mear $15$/hour as single revenu to support my family. I lost my 10 year job 12 months ago where I had $32/hour. My profession is now extreamly rare in my part of town and moving elsewhere is not possible.

Exploder

<!--quoteo(post=1596918:date=Jan 10 2007, 04:02 AM:name=emperor_awesome)--><div class='quotetop'>QUOTE(emperor_awesome @ Jan 10 2007, 04:02 AM) [snapback]1596918[/snapback]</div><div class='quotemain'><!--quotec-->
Saving is addictive, but it's just wasted money unless you're investing it.
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How come?

Faskalia

<!--quoteo(post=1597029:date=Jan 10 2007, 12:02 PM:name=Exploder)--><div class='quotetop'>QUOTE(Exploder @ Jan 10 2007, 12:02 PM) [snapback]1597029[/snapback]</div><div class='quotemain'><!--quotec-->
How come?
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Normally through increased living costs.

1980:
You saved 10$ which allowed you to buy 2kg of bread back then.

Now its 2007
Your 10$ are still 10$, but 1kg bread doesnt cost 5$ anymore. Instead it costs 6$.

So you lost 20% value of your savings, cause you didnt invest them <img src="style_emoticons/<#EMO_DIR#>/smile-fix.gif" style="vertical-align:middle" emoid=":)" border="0" alt="smile-fix.gif" />

Edit:
Its actually worse, cause if had bought the bread back in 1980 your live standard would have risen. So in fact you didnt only loose money, value wise. You also lost in terms of live standard average.

Exploder

<!--quoteo(post=1597031:date=Jan 10 2007, 12:07 PM:name=Faskalia)--><div class='quotetop'>QUOTE(Faskalia @ Jan 10 2007, 12:07 PM) [snapback]1597031[/snapback]</div><div class='quotemain'><!--quotec-->
Normally through increased living costs.

1980:
You saved 10$ which allowed you to buy 2kg of bread back then.

Now its 2007
Your 10$ are still 10$, but 1kg bread doesnt cost 5$ anymore. Instead it costs 6$.

So you lost 20% value of your savings, cause you didnt invest them <img src="style_emoticons/<#EMO_DIR#>/smile-fix.gif" style="vertical-align:middle" emoid=":)" border="0" alt="smile-fix.gif" />
<!--QuoteEnd--></div><!--QuoteEEnd-->

Well of course you leave your income/savings in the bank thus preventing that.

Faskalia

<!--quoteo(post=1597034:date=Jan 10 2007, 12:09 PM:name=Exploder)--><div class='quotetop'>QUOTE(Exploder @ Jan 10 2007, 12:09 PM) [snapback]1597034[/snapback]</div><div class='quotemain'><!--quotec-->
Well of course you leave your income/savings in the bank thus preventing that.
<!--QuoteEnd--></div><!--QuoteEEnd-->

Not if interest is lower than increase in living costs.

Exploder

<!--quoteo(post=1597035:date=Jan 10 2007, 12:11 PM:name=Faskalia)--><div class='quotetop'>QUOTE(Faskalia @ Jan 10 2007, 12:11 PM) [snapback]1597035[/snapback]</div><div class='quotemain'><!--quotec-->
Not if interest is lower than increase in living costs.
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Ah so you put the money in a different account with a high interest rates.

eediot

Plus why keep $10,000 in the bank today and know you have something to fall back on, when you can invest it wisely and know you'll have $100,000 in a decade or two. It's just... the economy is about moving money. Why fight it for stability now, when you can go with the flow and be a LOT more stable in the future?

Exploder

<!--quoteo(post=1597053:date=Jan 10 2007, 01:17 PM:name=emperor_awesome)--><div class='quotetop'>QUOTE(emperor_awesome @ Jan 10 2007, 01:17 PM) [snapback]1597053[/snapback]</div><div class='quotemain'><!--quotec-->
Plus why keep $10,000 in the bank today and know you have something to fall back on, when you can invest it wisely and know you'll have $100,000 in a decade or two. It's just... the economy is about moving money. Why fight it for stability now, when you can go with the flow and be a LOT more stable in the future?
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Can you tell me how to invest then? I always thought it involved putting money in a savings account, simple as that.

eediot

You can invest in stocks, real-estate, etc, depending on how much money you have and all manner of factors. I'd suggest getting some books on the matter, go to your local bookshop and they'll have a whole section dedicated to getting rich.

Edit: Or if you really want to use your noggin, go to the <i>library</i>. How's that for saving money? <img src="style_emoticons/<#EMO_DIR#>/wink-fix.gif" style="vertical-align:middle" emoid=";)" border="0" alt="wink-fix.gif" />

Xyth

I used to have around 3k to my name while I still worked on a regular basis. Then I spent it on buying useless engineering things, and haven't fixed the hole it put in my savings. Eh.