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Hobbies & Interests
Hunting & Fishing
Wildlife Dept. is gouging us now
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<blockquote data-quote="tjones96761" data-source="post: 1048677" data-attributes="member: 8955"><p>I should have just kept my mouth shut.</p><p></p><p>short lesson - detailed link at the bottom. the Rule of 7 says a good investment will double every seven years. 750 today actually costs 1500 7 years down the road. averaged out at 215 per year, no one spends that on tags. Take into account death, injury, financial hardship, etc. all the way down to moving somewhere that hunting in Oklahoma was no longer convenient adds up to poor investment. If you get down to dirt-floor poor, that hunting license isn't worth the paper it's written on. </p><p>examples-If you had $30,000 invested and easily available, it does not make sense to take that money and buy a new truck if you can get financed for 4%. And a new truck has resale value if you needed the money for something else.</p><p>The same principal goes for paying in advance for your cable bill, there is no benefit. you don't get any interest, you are no longer liquid, and the money is non-transferable. No one here is willing to pay in advance for cable, and both things are a luxury.</p><p></p><p>That said, 750 is not a large enough amount to make an investment that would draw 10% interest. Doesn't change the principal, the math is sound. Gotta have little piles of money to make big piles of money.</p><p>Having a Lifetime is a great luxury. I wish someone would bought me one when I was a kid, and I plan on buying my son one. doesn't change the fact that it's not smart money.</p><p></p><p><a href="http://en.wikipedia.org/wiki/Compound_interest" target="_blank">http://en.wikipedia.org/wiki/Compound_interest</a></p><p></p><p>I'm no Wall street financial adviser, this is basic finance. Starting to shed some light on why the biggest financial institutions are in ruin. If real life, work for a livin', down to earth Okies struggle with money value, no way east and west coast city folks understand it. That's a compliment, before anyone gets their panties in a twist.</p><p></p><p>I don't type this much at work. I'll remember to bit my tongue next time! I'm out, no more on this thread for me.</p></blockquote><p></p>
[QUOTE="tjones96761, post: 1048677, member: 8955"] I should have just kept my mouth shut. short lesson - detailed link at the bottom. the Rule of 7 says a good investment will double every seven years. 750 today actually costs 1500 7 years down the road. averaged out at 215 per year, no one spends that on tags. Take into account death, injury, financial hardship, etc. all the way down to moving somewhere that hunting in Oklahoma was no longer convenient adds up to poor investment. If you get down to dirt-floor poor, that hunting license isn't worth the paper it's written on. examples-If you had $30,000 invested and easily available, it does not make sense to take that money and buy a new truck if you can get financed for 4%. And a new truck has resale value if you needed the money for something else. The same principal goes for paying in advance for your cable bill, there is no benefit. you don't get any interest, you are no longer liquid, and the money is non-transferable. No one here is willing to pay in advance for cable, and both things are a luxury. That said, 750 is not a large enough amount to make an investment that would draw 10% interest. Doesn't change the principal, the math is sound. Gotta have little piles of money to make big piles of money. Having a Lifetime is a great luxury. I wish someone would bought me one when I was a kid, and I plan on buying my son one. doesn't change the fact that it's not smart money. [url]http://en.wikipedia.org/wiki/Compound_interest[/url] I'm no Wall street financial adviser, this is basic finance. Starting to shed some light on why the biggest financial institutions are in ruin. If real life, work for a livin', down to earth Okies struggle with money value, no way east and west coast city folks understand it. That's a compliment, before anyone gets their panties in a twist. I don't type this much at work. I'll remember to bit my tongue next time! I'm out, no more on this thread for me. [/QUOTE]
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