Archive for the ‘Spend Money’ Category

What is WiMax? WiMax Wifi Goes City Wide

Friday, August 22nd, 2008

Already there are plans to unveal WiMax the city wide Wifi internet that should be a major competitor to broadband.  One of the goals of WiMax is providing a wireless alternative to cable and DSL for broadband access.

Plans have unfolded to launch WiMax right here in my city with access as low as $10 for lower income residents.

Why WiMax?
Consider that when you are always connected to the internet, the possibilites are endless.

A threat to the media companies
For one, calls using a cell will drop dramatically since you can make most calls using voip, which is free.

Radio stations might lose listeners to internet radio stations.

Local TV stations have to start offering internet broadcasts to compete with emerging internet tv stations.

When everything goes global and everything worldwide is placed in your fingertips, local media starts to worry. Who’s going to chose them when they can chose anyone? This little network puts choices in everyone’s hands, whether it be electronic or even internet shopping. Already retail stores are feeling the pinch against ebay and other online retailers…

The Largest Swimming Pool In the World! When I get Rich…

Monday, August 18th, 2008

So for 1 billion dollars you could buy the largest swimming pool in the world, which is by far the biggest pool in the world ever conceived.

It is more than 1,000 yards long, covers 20 acres, had a 115 ft deep end and holds 66 million gallons of water.

largest swimming pool in the world

The pool sits right beside the sea in Chile as the biggest in the world.

Four Ways to Spend Money

Friday, June 13th, 2008

There are four ways of ways to spend your money that I’ve come across.  The way you spend your money has a lot of reasoning behind why the rich get richer and the poor seem to just get poorer and poor.

Poor Person Way to Spend Money
Spend 100% of your income.   This way of spending is bound to send you into financial ruin.  Sure you’ll have some awesome stuff, but you’re bound to wind up poor.

Even Worse Way to Spend Money
Keep borrowing money and spending even more than that.   There are people who get credit credits and use credit cards to pay off other credit cards.  It’s like a juggling act, but it won’t go on forever.

Invest 10% and spend 90%
This is the typical financial plan.  It sounds like a great idea.  But when do you actually start saving that 10%?  I’m still getting those student loans paid off.  Then you have a car bill to pay.  Then it’s a house.  By the time you start saving the 10%, it just might be too late!

Save 90% and spend 10%
Sounds impossible right?  This is one reason why the rich get richer and the poor get poorer.  The rich can continue to invest 90% of their money and easily live off a measly 10%.  Lets say you make $30,000 a month and live off $3000 a month which is quite possible.  Meanwhile you are adding in $27,000 into your account. That adds up quick.

It would take someone 18 months to save half a million dollars at $27,000 a month in income.  What happens at half a million?  You can invest that money and earn a good $25,000 a year extra on top of your income with a good 5% return rate.

The More Money You Save…
Means more money you can invest.   If you spend all your cash you can’t invest it.  It’s nice to live in the now, but someday you want to spend all day on the beach right?

Most Expensive Home Theater System, 6 Million Dollars

Sunday, March 9th, 2008

If you had 6 million dollars, to spend on whatever you wanted, would you buy a super sweet home theater system? The following home theater center has got to be the most expensive home theater I have ever seen in my entire life. I mean for 6 million dollars, you could probably buy a small movie theater. But hey, if you want to have the best sound, the best screen on top of everything else, you got to think big!

As if anyone actually needs this many speakers for their home theater system center?   The system uses a 18- x 10-foot Stewart screen, a dvd system that actually upscales movies from blu-ray’s 1080 resolution, and of course a couch with place for 3 people.  Who needs all those crazy lights up above?

Story and Photo via entgadgetÂ