Posted on 05/09/2014 8:48:55 AM PDT by SeekAndFind
Here’s a frightening fact via The Atlantic’s Moises Naim. Roughly half of the world can’t answer these three questions correctly:
1. Suppose you had $100 in a savings account and the interest rate was 2 percent per year. After five years, how much do you think you would have in the account if you left the money to grow? A) more than $102; B) exactly $102; C) less than $102; D) do not know; refuse to answer.
2. Imagine that the interest rate on your savings account is 1 percent per year and inflation is 2 percent per year. After one year, would you be able to buy A) more than, B) exactly the same as, or C) less than today with the money in this account?; D) do not know; refuse to answer.
3. Do you think that the following statement is true or false? “Buying a single company stock usually provides a safer return than a stock mutual fund.” A) true; B) false; C) do not know; refuse to answer.
Even worse – 70% of Americans can’t answer all three questions correctly. And we wonder why the world seems to have so many persistent financial problems. We don’t even come close to understanding the construct of money or how it should be used.
(Excerpt) Read more at businessinsider.com ...
Pick one friend, split the stickers with her. The others are not really friends.
It doesn’t matter. At .6% by the time your money doubled! you would be dead and the money wouldn’t be worth anything.
That’s what I answered.
lol
One other story. I had a farm and raised cattle and decided that raising a couple acres of tomatoes, peppers, and higher end veggies looked like a pretty good idea.
Went to talk to the county agent that handled the Farmers Market and verified the organic nature of the produce.
I asked what kind of money might you expect to collect at the Farmer’s Market in a days time. She said she had seen local farmers pocket as much as a thousand bucks in a day. I said gross or net?
She looked a little surprised and asked me where I was from. I told her E. Ky. She told me no one looks at it that way whatever they put in their pocket they figured was all profit. I said without figuring in your expenses and time, wear and tear on equipment, loss of income from the former use of the same land, how could you know what your profit actually was? Then she asked how much education I had. I told her high school and a very little college but have been in business all my life. The best answer she had for me was no looked at it that way.
I did not attempt the business because the facts were not available to make a rational decision. But did attend one meeting of the growers ass. and it was run entirely by loudmouthed women and cowed men. I thought to hell with this.
As with all levels of government I have had the misfortune to deal with, the old saying ‘close enough for government work’ always comes to mind.
I likes bread and butter, I likes toast and jam.
2003 Honda Accord LX
One owner for 47k
2nd owner had car repossessed.
3rd owner for about 100k
Carfax show no issues.
Previous Honda Accord lasted 332,373 miles before engine cracked.
burst bypass hose to heater control valve
block check - combustion gases
Put fluid with green dye to test. Turning yellow which means a new car
In a search I found this: Check for steam escaping from the sides of the engine or from the tailpipe. White steam indicates that there is a head gasket leak, a complete head gasket failure, or a crack in the engine block and engine coolant is leaking into the engine and burning. This can be dangerous to the Accord’s engine as water does not ignite. The coolant and water moisture that is meant to cool the engine can cause the engine to hydrolock, which in turn causes catastrophic engine failure.
....water does not ignite
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