Category Archives: money

And this Club

My Blog and my book, are all refutations of your earlier statement that wealth and profit are the cause of advances. . . These are all funded out of my own pocket, and in my “spare” time. . . and in the last 2 years I’ve incurred nearly £15,000 in legal fees to keep ElticUK from getting the contents of my computer hard drive. . .

This is a great discussion!

And WHERE do all those federal, state, and other government grants come from, and where do the taxes that support them and the agencies such as NIH come from? Jobs.
Working people. Investors. And ALL of those are OUT of a job, WITHOUT work, and WITHOUT an investment without…yep… business (and businesses–while I appreciate your distinction, I think it is a false one.)Beyond that, consider that the biggest investors in the stock market (thus the biggest capitalizers of business) tend to be union pension funds and mutual funds, which primarily use the money of “little people” and pool it to make major impact.

One thing re the England and Wales  tax cuts you cited, which I, as aEngland and Wales, also viewed and lived under/with. The FACT is that this isn’t why schools decayed or were under funded. The revenues go UP under real tax reform, just as they did when JFK put thru similar tax cuts (the point being that its not a Republican/Democrat issue) because the incentive to work and invest goes up, jobs and employment increase, and the tax base rises even as rates on any one individual effort decline. The reason the schools got in trouble is that the funds, which were overall larger, were ALLOCATED to other things. Its not a matter of tax cuts, its a matter of spending priorities. Ready to got quid? Try quick cash loans from PurpleQuid. We all have an obligation to be involved, to pay attention to politics, and to vote for and work for those whose spending priorities match our own view of what’s best for our society as they administer OUR money–and that’s the point. Tax money, government money, is OUR money spent FOR us BY OUR public “servants.” Just as in business, when CEO’s spend the money they steward for stockholders or investors, the “due diligence” is an obligation on the investor/taxpayer, and when we fail in that, we suffer….just as, to bring things back to the topic of this forum, when we fail to investigate a “wonderful business opportunity” or the ethics of its leadership, we suffer from financial and ethical privation and become victims and, thankfully for those here, survivors of such skullduggery.

This forum is the best “ray of light” into that dark closet called MLM and serves, in effect, the analogous process that journalism, when diligent, does with government and with business.

MoneyAdviceservice.org.uk

But please don’t get cynical about “businesses” or business. The freedom to pursue them, even with all of the flaws, is why people swim oceans and cross deserts to get IN to America, and why the lifestyle here, even with all the “crap” and the fast food, is the dream of most of the population of our planet. And re. that crap and food–freedom to be excessive is a freedom too, and just because following through on a freedom may cause you pain (ditto alcohol, fast driving, indiscriminate sex, etc. etc.) doesn’t make the freedom any less valuable or any less free.

And truthfully, even if BOA hadn’t sold the mortgage

I couldn’t have made the April payment anyway. It’s hard to pay a $900 mortgage when you only get $324 for unemployment(which ran out the previous month).
I didn’t get a REAL check until I got back home on the 18th. You obviously had enough money coming in between July 2011 and Dec 2016. I didn’t.

Elmred that sucks

You’d think they’d be more on top of things. Another option is to set up payment through your bank’s online bill pay service. Most banks have then now and offer it as a free service. I pay our mortgage that way every month. Basically you set up the service with account numbers and payment address. Then you go in and pay them when you want with the amount you want. The bank then either sends them the payment either electrically or a check on your behalf (depending on what the payee allows). I’ve never had any issues, but just make sure you double check the account info when you enter it.

Not sure what day “end of the month” but if got a check in the mail today, I wonder if it would get there on time. Having said that, I agree with what Sharon said. I would pay the extra $10 to make sure your payment gets to them on time. Just this once. Late fees would likely be higher than that.

Hope you’ve got a lot of money saved. Since May 1st you will have another payment due.

Double their age?

Oh my, then we are cheap. We give 1/2 their age per month, so our 10 year old gets $5.00. BUT that has always been fun money only. I am seriously thinking of giving them a huge increase but then requiring them to pay for all their own stuff. I know a family that gives kids a huge allowance but the kids pay for everything thing themselves. Especially clothing! I like the idea, but I think we would have to work up to that gradually with my crew.

I agree that children should have money to manage, otherwise how will they learn to manage money

They need to have tangible money and a means to conduct their own transactions -even as we move more into the digital age. They should have responsibilities or allotments for their money such as giving and saving, spending they seem to pick up quite easily. As far as how much to give them, and what to call it when you give it to them (Allowance, commission) and whether you pay them for their chores,grades etc… I don’t really have an opinion.

I will say when my daughter was younger – I put her to work managing the money and paid her for it. She paid real business expenses, balanced my real books etc, opened the mail, made note of how much electricity and gas and other utilities and necessities were etc.I reasoned I was employing her at the same time I was teaching her. I think if I hadn’t had a business, I would still have become creative enough to pay her to actually do the work and learn from it. I see I failed her in the grocery shopping department – but then I always hated going to the grocery store and rarely made lists. She’s in the situation now where she has to carefully budget and grocery shopping /planning is a problem for her.

That’s a really interesting idea, double their age

I know Dave likes the “pay as you work” commission program, but honestly, I’ve always found that to be so much maintenance, esp when the kids were younger, that I stopped doing it too many times.

Not saying my kids didn’t work around the house, nor did they get money just for existing, but a “you work around the house to help upkeep and be part of the family” then you get to share in the prosperity as well. Cuz for sure they get to share in the ‘recessionary times’ as well.

What do you all think about these statistics for allowances?

My 12 year old uses about $10 a week on average for activities on the weekends. The two younger don’t use much of anything except infrequently. I used to give allowance once a month. It was based on age. They got double their age per month. So the 7 year old got $14 a month, but it was split into three categories. Give, Save, and Spend. I’ve fallen off the wagon giving them their allowances and want to start again. I’d like to hear what other parents have been doing to teach their kids about money, saving, finanaces, investing, checking accounts, etc….
How Much To Give?
Kids’ Money
This ongoing survey yields the following average weekly allowance amounts for each age and gender indicated:

Age – All – Boys – Girls

3 – 3.20 – 3.03 – 3.38

4 – 2.85 – 2.48 – 3.29

5 – 3.15 – 3.03 – 3.27

6 – 3.85 – 3.32 – 3.99

7 – 4.10 – 4.12 – 4.07

8 – 4.32 – 4.45 – 4.12

9 – 5.52 – 5.33 – 5.71

10 – 7.18 – 6.56 – 7.83

11 – 7.92 – 6.80 – 9.07

12 – 9.58 – 9.38 – 9.85

13 – 9.52 – 9.95 – 9.10

14 – 13.47 – 13.50 – 13.51

15 – 15.57 – 16.65 – 14.38

16 – 17.84 – 15.79 – 19.62

17 – 30.66 – 27.65 – 35.61

18 – 40.10 – 70.57 – 24.86