Subj : Re: Money To : JOE MACKEY From : NANCY BACKUS Date : Sat Oct 12 2019 00:36:00 -=> Quoting Joe Mackey to Nancy Backus on 10-07-19 05:03 <=- Replying from Boyd Pond on 12 October, about 12:30 am.... to be uploaded when I get back home to internet access... ;) > and what was true then is still true today... one needs to spend less > than one takes in, and keep track of prices to get the best deals... ;) JM> Absolutely. And, too bad that more people don't understand that... :) > The one thing that has changed for the worse, though, is interest rates > on savings JM> That's where various other options come in (CD's, etc). JM> Of course some of the options are a roll of the dice and not as JM> steady as savings. Money Maker accounts are as solid as savings, and have a slightly better rate of interest, but to get the best rates, one has to tie up a lot of money in the account and not touch it, so it might as well be in a CD... and CD's are a decent option for money not needed for a while... Going beyond that to investments, one does have to be more careful..... JM> When I told about my trip to younger people they would ask "How JM> could you afford that? You must really be in debt" I tell I saved for JM> it and paid cash and owe nothing. JM> The idea of saving is alien to a lot of people. Why save money you JM> have that plastic card and just charge it? JM> Few have any idea that credit card can come back and bite them JM> later. It depends on how one uses the credit card... if one uses it like cash (ie, charges it, but when the monthly statement comes, pays it off in full so no interest is generated), it can be a good deal... it defers payment, and often gives rebates/cashback... But just amassing a large debt is totally foolish.... I have more credit available than I'll ever use... enough to really hang myself, should I be foolish enough to max my cards out... but I know better.... ;) > JM> Joe (I gotta clean out that closet some day). > And that will never happen if they keep working you to death... JM> Oh, I do work sooo hard... People think its easy to warm a chair JM> but a lot of experience goes into that. :) And a lot of good precious time, too.... ;) JM> When people ask me why I'm working I always joke that A1 and/or JM> Marshall can't do without me, they are lost without me. JM> One day a couple of years ago I was working a shift in a dorm for JM> some reason (some group or other and needed an extra body) and parking JM> my bike in the police station. JM> The chief was at "my" desk, in "my" chair, doing something on a JM> laptop. He asked what I was doing there and I said "You know you guys JM> can't get along with me." He muttered loud enough for me to hear JM> "that's what you think." LOL Ya know, the fact that even now that you are retired, they are still calling you in to work, does seem to indicate that they can't get along without you... (which, I think, is what you meant to say instead of "can't get along with me")... > At least you were able to get away and do your Grand Trip.... :) JM> Yep. JM> I was off the summer of '18 because A1 (whom I toil and labour JM> mightily for) had people not needed in the dorms who needed to be kept JM> busy. I didn't have time to do anything/go anywhere with such short JM> notice. That was when the bug got in my ear about my grand tour and JM> started planning then. JM> In April I had plans made and simply told my captain that being off JM> from mid-May to mid-August "like last year" I was going. I didn't want JM> to think in mid-August "I should have..." but rather "I did..." And good for you that you did... :) JM> And in response to others asking, I tell them I would do it again in JM> a heart beat. The only difference would be biting off less or taking JM> more time. There was still so much I wanted to see and places I wanted JM> to go but had only so much time (and money). Just have to start saving now for the next trip.... :) JM> If I had an unlimited income I would spend time traveling. One doesn't need unlimited income to travel... just to be able to travel without limits... :) ttyl neb .... I'm an amateur crastinator; some day I'll turn pro.. ___ Blue Wave/QWK v2.20 --- Platinum Xpress/Win/WINServer v3.0pr5 * Origin: Fido Since 1991 | QWK by Web | BBS.FIDOSYSOP.ORG (1:123/140) .