Thursday, April 30, 2009
Monday, April 27, 2009
Dagny sees "the sign of the dollar" imprinted on Kellogg's box of cigarettes--costing five cents in a pure gold standard. She asks what the dollar sign stands for and Kellogg's answer is:
The following is an excerpts from Atlas Shrugged, © Copyright, 1957, by Ayn Rand.
"The dollar sign? For agreat deal. It stands on the vest of every fat, piglike figure in every cartoon, for the purpose of denoting a crook, a grafter, a scoundrel—as the one sure-fire brand of evil."
"It stands—as the money of a free country—for achievement, for success, for ability, for man's creative power—and precisely for these reasons, it is used as a brand of infamy. It stands for the initials of the United States."
"Do you know that the United States is the only country in history that has ever used its own monogram as a symbol of depravity? Ask yourself why. Ask yourself how long a country that did that could hope to exist, and whose moral standards have destroyed it. It was the only country in history where wealth was not acquired by looting, but by production, not by force, but by trade, the only country whose money was the symbol of man's right to his own mind, to his work, to his life, to his happiness, to himself."
I am in total agreement with Rand on everything except I have to say that some wealth was acquired by force in the days of slavery, but will let Walter Williams talk about this one. I do feel it stands for achievement, for success, for ability, for man's creative power, along with the symbol of man's right to his own mind, to his work, to his life, to his happiness, to himself. I also feel that the media/hollywood uses it as a symbol of depravity.
Thursday, April 23, 2009
Just as an example, let just say the ring cost $1000.00. Divide that by 12 months, around $83.30 a month. My credit card payment is 2.5% of that, so it is about $25.00/month. I send the remaining $58.30 to my saving account to make interest for me. So at the end of twelve months I have paid around $300.00 to the credit card and have made interest off the remaining $700 sitting in the saving account. I write the check for the remaining 700 and have a few dollars from the interest I made.
Purchasing a Diamond Engagement Ring: Part I
Purchasing a Diamond Engagement Ring: Part II
Purchasing a Diamond Engagement Ring: Part III
Should you Calculate a Diamond in your Net Worth?
Monday, April 20, 2009
Purchasing a Diamond Engagement Ring: Part II
Over the rest of the week I will be posting a three part series about my process from start to finish on purchasing an engagement diamond ring. This is part one of three so check back on Wednesday and Thursday.
Recently I got engaged to my girlfriend while we were on vacation, but before all the fun stuff happened I had to go through the process every man SHOULD and WANT to go through. That is, picking out that perfect diamond for the person you are going to be with the rest of your life.
Here are some pretty interesting facts about these little beauties before I get into my process.
A diamond is the allotrope of carbon where the carbon atoms are arranged in an isometric-hexoctahedral crystal lattice. WHAT?
The word comes from the Greek word "adamas," and this means "unconquerable and indestructible."
Diamonds in fact don’t last forever, but “only” several million years before they disintegrate.
To produce a single one-carat diamond, 250 tons of earth will be mined.
A diamond has very high melting point of 3820 K (3547 °C / 6420 °F) and a boiling point of 5100 K (4827 °C / 8720 °F).
The diamond is the hardest natural substance found on the earth.
So no matter what advertisers say that make people want to go out and spend a lot of money on a Diamond, you must admit that it is a pretty kick A$$ mineral! And who deserves it more than the person you love most on earth. I think finding the right Diamond, big or small, expensive or inexpensive is sort of like picking a pet if you have been through the process. You kinda pick each other once you come across the one you know its right, even though it might take some time.
I will share my experience with you, only as how I picked out the perfect diamond...for my fiancé. It might not be the perfect diamond for you or for that someone special in your life, but take my experience and learn, build, and let it inspire you.
As an introduction to where my journey began, I heard numerous times that I needed to talk with my girlfriend and figure out what she wanted and that we should go look together. I knew my girlfriend enough without ever talking about it that she would want me to pick the diamond ring out for her and surprise her. I did ask here mother and her sister and neither of them knew exactly what she wanted. She admitted after that she didn't know anything about diamonds and frankly didn't want to be apart of it. Personally, I wanted to pick the diamond and since I'm never going wear it or anything it made me take a lot of pride in picking it out instead of just paying for it.
Some guys will definitely want to go with their girlfriends to look or they might at least want to know what she is looking for, but do not feel the pressure if you think she wants you to pick it out. Tomorrow I will be talking about my process with going into the store and actually looking at diamonds and purchasing the one.
Do you have suggestions for others? Leave a comment!
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Friday, April 17, 2009
“I’ve chosen a special mission of my own. I’m after a man whom I want to destroy. He died many centuries ago, but until the last trace of him is wiped out of men’s minds, we will not have a decent world to live in.”Hank Rearden doesn't really know what he means and Dannesjold goes in and explains the horror which Robin Hood immortalizes as an ideal of righteousness.
Hank Rearden: “What man?”
Danneskjold: “Robin Hood.”
He is remembered, not as a champion of property, but as a champion of need, not as a defender of the robbed, but as a provider of the poor. He is held to be the first man who assumed a halo of virtue by practicing charity with wealth which he did not own, by giving away goods which he had not produced, by making others pay for the luxury of his pity. He is the man who became the symbol of the idea that need, not achievement, is the source of rights, that we don't have to produce, only to want, that the earned does not belong to us, but the unearned does.It is the foulest of creatures - the double-parasite who lives on the sores of the poor and the blood of the rich-whom men have come to regard as a moral ideal.
Thursday, April 16, 2009
"Next, imagine you have decided to sail around the world and liquidate everything you own, from the high-definition television on the wall to your four-carat diamond ring. You should ballpark everything..."I am sorry but I just don't feel like this is real assessment for my net worth, I don't like to account for my vehicle either. I just feel like its not making me wealthier? I will add my home value one day when we eventually own because we are building equity. A Home can gain value and lose value but a automobile just seems to always decrease in value, it is not a investment.
Monday, April 13, 2009
Holding a budget in punishment for waging war against debt
Friday, April 3, 2009
Thursday, April 2, 2009
Last year when I received my stimulus check I deposited it right into my money market account. I'm sorry I didn't need to purchase anything at that moment and thats the only reason I would use it. I could have easily gone out an purchased a brand new surfboard and loved the feeling, but I did not need one I have enough boards already. So I'm sure I did not help jump start a failing economy then and I will not be spending it now just because I see it in my paycheck.
When I moved back east I received a pay increase with a decrease in the standard of living. When I moved, I kept the budget I had in California as not having a pay raise. I used the same amount that I used to live off of out there, to live here . I had an extra amount coming in from my raise and I decided for it to be deposited into my money market and that I wouldn't ever feel the effects of it being in my primary bank account. Not only that, but I found out that I could cut the fat out of my budget and live more than fine.
Everyone has heard the more money you make, the more problems you have. In reality, it is not actually the money that is the problem, but it is the amount that you spend because you are now making more. So if I receive $10 or $1000 I am am going to keep my lifestyle and spending the same(I must admit I live pretty good). Now if I have a kid or something that forces me to adjust my lifestyle then I will adjust my budget as well, but I will not allow money to dictate my lifestyle. (may I say,not at the current moment, ha!)
So what am I going to be doing with the few extra dollars that I get...I am going to stimulate my wealth and spend my hard earned, hard saved money on something I really want when I want. Not just because I see a bigger paycheck. So what are you going to do with the $10 Tax Credit, let me know in your comments!