There are so many "what ifs" in investing, managing a home and family. At least J makes it a lot easier to try different strategies.
On Sat, Feb 22, 2014 at 12:08 AM, Björn Helgason <gos...@gmail.com> wrote: > Talking about present value or getting a promise of something in the > future. > > It is not just interest rate but also inflation you need to think about. > > Not to mention broken promises and not paying back in the future. > > Bring in the value of a hamburger now or in the future or a painting or > gold. > > It sure gets more complex. > > What about getting a hamburger now and keeping it for a few years? > > It is always difficult to get people interested in something > > I saw a short demo recently of how to get the bones out of a chicken with a > minimum damage to the skin. > > It is pretty easy now that I know how to do it and I have done it a few > times. > > I am wondering why I did not start doing it years ago. > > - > Björn Helgason > gsm:6985532 > skype:gosiminn > On 22.2.2014 01:42, "Don Guinn" <dongu...@gmail.com> wrote: > > > Years ago I was in a class where the day's topic was the present value > and > > future value of money. The teacher asked for a volunteer. As you know, > kids > > are reluctant to volunteer. He finally got a volunteer. The student came > > up, he gave the student a dollar and said thanks for volunteering and he > > could sit back down. Then he asked for another volunteer. Now lots of > > volunteers. He picked one. He gave the student a business card which he > > wrote on the back that he could redeem it for a dollar one year from that > > date. The student sat back down. > > > > Then the instructor asked the first volunteer if he wanted to trade, > which > > he didn't. The instructor asked him "Why not trade? They're both worth a > > dollar. Well, how much would you charge to trade?" Needless to say, the > > following discussion made the differences between present value and > future > > value and risks in future investments become crystal clear. And he never > > had to resort to any arithmetic. > > > > That really taught me the importance of present value of investments that > > mature in the future. So I think of for example, a dollar three years > from > > now is only worth a little over $0.86 today at 5% interest. A different > way > > to look at it, but easier to explain to kids. > > > > I had that business card stuck on my bulletin board in my office for > years. > > Don't know what ever happened to it. > > > > ---------------------------------------------------------------------- > > For information about J forums see http://www.jsoftware.com/forums.htm > ---------------------------------------------------------------------- > For information about J forums see http://www.jsoftware.com/forums.htm > ---------------------------------------------------------------------- For information about J forums see http://www.jsoftware.com/forums.htm
