Just talking about tips on money making, forex, online trade, affiliate, currency, market, stock, personel development, software, computer…
Being in high school, this money investing thing is very confusing. I thought that we saved money by putting it into the bank and when we needed it, just take it out.
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Will vinyl records and turntables replace CDs, MP3s, and Ipods?
The following article says that vinyls are making a comeback and that more retailers are stocking them:
Some retailers give vinyl records a spin
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Jun 9, 8:22 PM (ET)
By SARAH SKIDMORE
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Convert Vinyl to CDs Fast – Complete System. Free Tutorials Easy Do it yourself [...]
Archive for Online Market »I’d like to get an online business going to augment my current income. Affiliate programs seem to be the best way to get started for the least amount of money in the shortest period of time. Assuming I don’t already have a web site, what’s the best program to get started with?
Anyone have first hand [...]
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How much money can you make doing telemarketing or telesales and how secure is this type of job.
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Since the phrase generational theft is so widely used by the right. Maybe they can leave a note and explain how the money they stole went toward rebuilding a nation that the great Bush destroyed.
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There was a big to-do about Republican governors saying they would refuse federal stimulus money. What’s the latest on that? Do you think it’s a good idea?
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One Response to “What Is The Concept Of Time Value Of Money And 2 Ways It Is Relevant In Financial Planning?”
By C on Nov 6, 2009 | Reply
The rate of inflation is higher than the benefit of putting money in the bank (i.e. inflation > than bank interest).
Say you have $20. You can buy a $20 dvd with that money now. If you put that money in the bank for 5 years, inflation will have caused the price of dvds (and everything) to go up over that 5 years…so dvds now cost $22. You only have $20 in the bank so you can’t buy them. Therefore money is affected by time.
(Obviously this is a simplified example because dvds will have gone down in price what with new technology etc but you know what I mean I hope).
I’m sure you can get two ways why its relevent to financial planning out of that.