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| CJ. Wentworth |
 Posted: Thu Jun 29, 2006 1:05 am Post subject: |
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Investing Sr. Associate
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| ummm. I'm in Australia so I'm not too sure what commercial your talking about. |
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| t-bag |
| Posted: Thu Jun 29, 2006 3:48 am Post subject: |
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Investing Sr. Associate
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oh ok. There is a local guy here in florida with the same name as you who is a lawyer dealing with money, I see his commercials all the time. He structures setlements and stuff like that so I figured he'd be good at dealing with/ saving money, which is where I saw you posting. Anyway good luck  |
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| Vester |
| Posted: Mon Jul 03, 2006 6:34 am Post subject: |
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Investing Sr. Associate
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CJ Wentworth is a very good name for a professional money manager.
FYI the domain cjwentworth.com is available.  |
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| raspberry24 |
| Posted: Sat Aug 12, 2006 2:18 pm Post subject: |
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Member of the Month
May
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| Figure out where you are spending the most money? Cut down on fast food. Make a budget and stick to it! |
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| Gilgamesh |
| Posted: Mon Aug 14, 2006 4:07 pm Post subject: |
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Investing Associate
Joined: 03 Aug 2006
Posts: 38
This Month: 0
Location: IL
3564.86 e$
Net worth: 19,169.56
Portfolio Value: 15,604.70
Monthly Return: -5.01%
Trades this month: 0
Churn Rate: 0.00%Items
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think in terms of what do I have to have to survive, what do I need to get by, and what do I want and budget from there?
look at all the little things you do in a day, what are you spending money on. if you can't say how much you spent, you need to budget, how about a week? if you don't know, get a small notebook. everytime you spend money, write down what you spent it on, how much and why you bought it. Did you need it to survive and function, could you have done it differntly and saved money or was it just plain frivolous?
You need gas and food. You do not need beer and you do not need to go out to mcdonalds for lunch everyday and applebees for dinner every night. If you are eating out more then three times a week TOTAL, you definatly need to rethink meals. even three times gives a lot of room for improvement (I average less then once a week) This also doesn't mean going to the store and buying premade, prepackaged meals; the more its been pre prepared for you the more you spend. Instead, look into learing how to cook fast, easy meals on your own. theres a wealth of recipes out there for cheap, fast easy meals. even taking a sandwhich for lunch is a huge savings in money and even time if you like crowded restruants.
Cut back on beer, softdrinks, fruit juices etc; these are expensive and aside form fruitjuice not even healthy(I admit to failure here). Instead of premium gas, buy the cheap stuff, chances are you won't even notice the differnce.
you need clothes right? well, do you really need to shop for them at the mall? chances are, you can save a huge amount if you shop walmart or other savings oriented stores. Chances are, you have tons of clothes you already don't wear, so only buy the stuff you absolutly need and will wear.
Go to the movies a lot? figure out what you spend at the movies between tickets and food, chances are you are blowing a big chunk of change for the latest flop.
Buying a lot of DVD's, CD's, electronics, toys etc? Do you really need them? is it stuff you actually care about, or are you just buying stuff that piles up after you get bored with it.
Seriously though, you just have to sit down and document for a whiel what you are spending and why, then start trimming it back into a budget. thne stick to the budget, give yourself some fun stuff allowance but stick to the what the allowance is. |
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| Im Not Warren Buffett |
| Posted: Sat Aug 19, 2006 4:57 pm Post subject: |
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CFO
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| Gilgamesh wrote: | | Instead of premium gas, buy the cheap stuff, chances are you won't even notice the differnce. |
This kind of categorical advice can be bad if you actually need the better grade of gas. Read your owner's manual, and do as that says. If you only need regular, get that because better grades do not improve performance. If you do need higher grades, you need it because of engine compression. There is nothing worse than ruining your engine because you tried to save 15 cents a gallon on gas. Trust me, I have a cheap mother who knows nothing about cars. I know these things. |
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| Dave Rathbun |
| Posted: Sun Aug 20, 2006 6:35 am Post subject: |
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CFO
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There was an article posted on Forbes.com (I think) recently that suggested that using premium gasoline in an engine NOT designed for it could actually reduce your mileage. 
Engines are tuned for certain gasoline characteristics. Believe it or not, a higher octane rating is less "pure" gasoline. It has additives in it that make the gas burn slower. That's because you don't want the gas to ignite in the cylinder until the spark plug fires. If the gas fires because of compression and heat, then you get pre-ignition or knocking. That's literally your piston rocking back and forth in your engine. The proper function is injection of fuel + air, compression, then ignition. The power generated by the ignition of the fuel is most effective if the piston is at it's lowest (most compressed) point. If it happens too soon, you get knocking, too late, and you're not getting maximum power.
As INWB says, read your owner manual, use exactly what it calls for. |
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| Grimreaper |
| Posted: Sun Aug 20, 2006 8:00 am Post subject: |
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CFO
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| Gilgamesh wrote: | think in terms of what do I have to have to survive, what do I need to get by, and what do I want and budget from there?
look at all the little things you do in a day, what are you spending money on. if you can't say how much you spent, you need to budget, how about a week? if you don't know, get a small notebook. everytime you spend money, write down what you spent it on, how much and why you bought it. Did you need it to survive and function, could you have done it differntly and saved money or was it just plain frivolous?
You need gas and food. You do not need beer and you do not need to go out to mcdonalds for lunch everyday and applebees for dinner every night. If you are eating out more then three times a week TOTAL, you definatly need to rethink meals. even three times gives a lot of room for improvement (I average less then once a week) This also doesn't mean going to the store and buying premade, prepackaged meals; the more its been pre prepared for you the more you spend. Instead, look into learing how to cook fast, easy meals on your own. theres a wealth of recipes out there for cheap, fast easy meals. even taking a sandwhich for lunch is a huge savings in money and even time if you like crowded restruants.
Cut back on beer, softdrinks, fruit juices etc; these are expensive and aside form fruitjuice not even healthy(I admit to failure here). Instead of premium gas, buy the cheap stuff, chances are you won't even notice the differnce.
you need clothes right? well, do you really need to shop for them at the mall? chances are, you can save a huge amount if you shop walmart or other savings oriented stores. Chances are, you have tons of clothes you already don't wear, so only buy the stuff you absolutly need and will wear.
Go to the movies a lot? figure out what you spend at the movies between tickets and food, chances are you are blowing a big chunk of change for the latest flop.
Buying a lot of DVD's, CD's, electronics, toys etc? Do you really need them? is it stuff you actually care about, or are you just buying stuff that piles up after you get bored with it.
Seriously though, you just have to sit down and document for a whiel what you are spending and why, then start trimming it back into a budget. thne stick to the budget, give yourself some fun stuff allowance but stick to the what the allowance is. |
This is overall purty good advice you have. Here's a neat little game I always play just fo fun and to save money. I don't really cut back in the things I use often....I just wait for a good opportunity to buy....and then I stock up with "enough to last me"  For instance, I go through a ton o'gatorade cause my friends and I are foolish enough to play tennnis in 90 degree Fl heat at 1 PM some weekends. Instead of stopping at the Quick mart and paying 1.50-1.79 a bottle I just wait until I see it on sale for less than $1 for a quart sized bottle. Then I buy a bunch. Try it as a matter of course for things you buy. I worked into doing this slowly over da years and you will be sooprised about how much you save. |
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| e_pang |
| Posted: Mon Aug 21, 2006 3:55 am Post subject: this is a strange thought for me! |
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Investing Sr. Associate
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| BallJacker wrote: | IRAs and 401K are a SCAM!!! Yes the money is tax deferred, but when you finally get around to taking it out your taxed, aCK! I've been reading some books on TAX "Avoidance" and not "Tax Evasion", the later may get you in a Federally maniditory facility (Jail).
Depending on your age and income, you should have a financial game plan. One where you set goals to reach. What's the use of saving money if you can't spend it? You need to treat yourself once in while to let yourself know your still able to enjoy life. Just dont do it too often.
The best advice is to live within your means and control yourself. |
Hey Can you please explain or expand on this one? I am not completely understanding this one at all. I mean...I have heard everyone and there mother say that a roth IRA or any IRA or 401K are the best ways to go! This is a new idea or thought for me! |
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| MrT |
| Posted: Mon Aug 21, 2006 7:22 am Post subject: |
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Investing Sr. Associate
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| Dave Rathbun wrote: | | There was an article posted on Forbes.com (I think) recently that suggested that using premium gasoline in an engine NOT designed for it could actually reduce your mileage. |
Yep, that has been my experience too. I think it is a common misperception that better fuel=more efficient fuel consumption, but that is totally not the case for cars designed for regular fuel. To a certain extent, they will run smoother on premium because the fuel ignites at the right point, but that just makes is easier to accelerate hard, not be more efficient. |
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| NCSUPAGE |
| Posted: Mon Aug 21, 2006 8:09 am Post subject: |
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Investing Manager
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Tips for Saving Money:
As my professor informed my class, "The only safe way to double your money is fold it over and put it back in your pocket!"
Sidenote: He was one of the chief economic advisors to President Bush (the elder) |
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| Dave Rathbun |
| Posted: Mon Aug 21, 2006 8:58 am Post subject: |
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CFO
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Unless they change the rules, withdrawals from a Roth IRA are not taxed. You pay tax on deposits, not withdrawals.
401K and regular IRA accounts are funded with pre-tax dollars so you pay tax on withdrawals.
The bottom line is that you should not be taxed twice.
There is a movement to create a Roth 401K as well, which would be nice. |
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| lostsoul01 |
| Posted: Mon Aug 21, 2006 9:58 am Post subject: |
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Investing Sr. Associate
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| I believe the ROTH 401k has been created, just not implemented at many places. I've also heard of ROTH 403b plans and the various other similar things. I don't know what it takes to get everyone to go forward with it other than have lots of interested employees asking about it. |
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