James Randi is an interesting character. He is a magician, escape artist, and a huge skeptic of paranormal claims. His foundation offers a one million dollar prize to anyone who can show, under proper observing conditions, evidence of any paranormal, supernatural, or occult power or event. Part of his reasoning for offering such a large […]
All Posts Tagged With: "money"
I loved this story by Robin Bal over at the FortuneWatch blog: A man walked into a bank in New York City one day and asked for the loan officer.He told the loan officer that he was going to Philippines on business for two weeks and needed to borrow $5,000. The bank officer told him that the bank would need some form of security for the loan.Then the man handed over the keys to a new Ferrari parked on the street in front of the bank. He produced the title and everything checked out The loan officer agreed to accept the car as collateral for the loan.The bank’s president and its officers all enjoyed a good laugh at the guy for using a $250,000 Ferrari as collateral against a $5,000 loan.An employee of the bank then drove the Ferrari into the bank’s underground garage and parked it there.Two weeks later, the guy returned, repaid the $5,000 and the interest, which came to $15.41.The loan officer said, “Sir, we are very happy to have had and this transaction has worked out very nicely, but we are a little puzzled…. What puzzles us is, why would you bother to borrow “$5,000?.The millionaire replied: “Where else in New York City can I park my car for $15.41 and expect it to be there when I return”Well thats how the rich stay rich, they know a lot more about Money Management…. Look after your cents and the Dollars will look after themselves.
Filed Under: Philosophy
Running a small business can cost a lot more than you think, however if you’re careful you can save by not paying twice for services. People are constantly trying to sell you new services, warranties, and products, but most of the time you already have these services and you might not even know it. I […]
Filed Under: Philosophy
Being self employed can be a big challenge. When the cash flow is on, things are good. However, when the cash isn’t coming in things can get pretty tight. Lately my cash flow has been on, but if or when it starts to slow I want to be ready. The best way to prepare yourself […]