Eating Out or Dining at Home

From most of the personal bloggers’ perspectives, eating out is a waste of money. I don’t disagree with that, but here is my take on the topic of eating out.

Just like everything, it has its pluses and minuses and let me state the immediate ones.

Pluses:

  • Convinenience and time saving (no preparing, no doing dishes)
  • Good tasting (I am a decent cook, but there are just better things out there…)

Minuses:

  • Health concern
  • Usually cost more money

After stating the pluses and minuses, now we can make a decision. Personally, I value my time very much and along with laziness, I just don’t want to deal with all the chores concerning cooking. My day is so heavily packed that I simply decided that it’s better for me to eat out most of the time. I concluded that grocery shopping, preparing ingredients, cooking, and then doing dishes will just end up taking so much of my time and energy.

Another thing I have going for me is that I do not have a family yet. I believe once you have a family, cooking and dining at home will become a much more cost-saving option simply because of the economy of scale and people to split the chores with. I actually used to cook when I was living with another family member, ah, the joy of being a chef. That was a great motivation…

With more people, buying is bulk is also very feasible without meeting the result of spoiling excessive food, which I hate when happens because of how it is just such a waste of food, and we all know that there are people starving at different parts of the globe out there.

So in conclusion, one must judge their own situation to decide if eating out is more benefical option based on some of the variables stated above.

Originally posted 2007-05-03 23:55:01. Republished by Blog Post Promoter

Would you runaway?

The news about the New Zealand couple running away with several million had spread all over by now.

Interestly, there seems to be quite a bit of support for the runaway couple. There are even two Facebook groups created that support them – Go Leo Gao – Go You Good Thing! and We Support Leo Gao and his 10 Million Dollars – Run Leo Run.

The question I ask is not whether this is right or wrong or if you support is. The question I ask is…

If you had also gotten the money from the bank, would you choose to runaway?

For me, it is obvious that it is not worth it. First, there is the risk of getting caught. It is not likely that one can get away with something like this so easily. Secondly, even if I manage to get away at first, it will mean that I had to play hide and seek for, at least, an extended period of time if not my entire life, and that means I cannot even enjoy the money. Lastly, the instant money would not be something that I had earned myself and that simply takes away the entire enjoyment factor of earning it and thus no longer can I enjoy what I earn.

What about you?

Originally posted 2009-05-22 21:45:12. Republished by Blog Post Promoter

Partner/Rivalry on Quest of Personal Finance

Okay, I’ve been studying too long and want to take a break and scribble something on my blog. I have been reading many personal finance blogs lately, and I came across a post from Make Love, Not Debt:

A few weeks ago I was out having a few drinks with few coworkers during happy hour. One of my coworkers (CW1) noted that in a few weeks he will have been at the company for six months. Another coworker (CW2) remaked that he was then eligible to participate in the company retirement plan. Both of these coworkers are my age, maybe a little younger. The conversation went a little like this…

CW1: Hey, I’ll be at the company for six months in a few weeks!

CW2: Yeah dude, you’ll be eligible for our 401k. (but we have a SIMPLE IRA…or am I just being nitpicky?)

CW1: Yeah that’s cool.

Him: Yeah, I was thinking of rolling over my SIMPLE IRA to a Traditional IRA because I don’t like our investment options. I won’t be eligible to do that until May, though.

(blank stares)

CW2: Yeah, my boyfriend works at Morningstar, so he handles all of that stuff for me.

CW1: I don’t have a clue when it comes to that stuff.

CW2: Yeah. You guys watch Battlestar Galactica?

Sigh.

Although I haven’t begun my real professional career YET (being 2 months shy of graduation), I look around my peers, where a majority are older and/or full-time employees, and somehow I feel similar to the author here… Unfortunately I’ve heard more about young people not wanting to contribute to 401k because of how it reduces their paychecks, and NO young people who wants talk about personal finance and investment, etc around me.

As the title suggests, I would love to have a partner or even a rival to help push and/or encourage each other in learning these personal finance matters. But where can I find them? Makes sense? Oh well, it’s so late, I don’t care anymore.

That being said, I’ve been using a lot of excel for a class lately, and for fun I came up with a very rough, simplistic, interactive model to look at the growth of asset/net worth/whatever to put things in perspective a bit, with an initial asset that grows at a constant annual rate along w/ an annual contribution to the asset that grows by a separate constant amount. It actually makes future looks kind of hopeful. :P

excel_future.jpg

Feel free to download the excel file and play with it, modify it. It’d be great if someone comes up with something interesting or a much more realistic model and send it back to me :)

Alright, back to study, ciao.

Originally posted 2006-11-07 04:13:04. Republished by Blog Post Promoter

The Weight Loss Bullshit New Year Resolution – Stop Talking and Just Act

It’s the time of the year when all we hear people talk about is new year resolution (I’ll type NYR from now on).

I hate it. There, I said id. I hate it.

I don’t tell someone to shut up if they do talk about it… I simply smile and nod.

The most talked about topic for NYR is losing weight. Probably the first on most people’s list.

But here’s what I wonder, if every year we are saying we are going to lose weight… that means people didn’t do it. And if people just don’t do it every year, why do they keep talking about it?

It’s like lying to yourself.

A lot of people just talk and won’t achieve it. Here’s what I propose:

Stop talking and just act. Achieve it, then talk.

You may argue “well, people lose the weight and then gain it back over the year…” And this takes me to my 2nd point…

Losing weight is probably not such a great goal after all!

Fine, you can set “losing weight” as an initial goal. But at some point on your way to it, you should switch that goal to something less ephemeral… A better goal would be…

“Staying healthy.”

There is no excuse around this one. It means for us to stay consistently healthy and it also includes working on the mind, the body, and the spirit.

Staying healthy is all around wellness. You monitor yourself. Everyday you’ll watch want to feel your body. Everyday you’ll monitor yourself the mental and emotional state. You learn to see and feel your body and mind so you act to stay healthy.

You’ll know when you feel toxic emotions. And then you act.
You’ll feel when your body’s worn and stressed. And then you act.
You’ll see where you stand in life. And you act to improve it.

You’ll learn that you need to act in all facets including balanced diet, exercise, and lifestyle to maintain this health that involves more than your physical components.

Staying healthy is a continuous process. If you make that your focus, you’ll always end up studying a lot and will learn a balanced diet means, a healthy fitness style that suits you, and your own approach to react to whatever your body tells you. You’ll learn to maintain this health that involves more than your physical components.

This is so much more than weight loss because weight loss is a shallow goal.

Forget weight loss and figure out what it means to stay healthy.

Stop talking and just act.

And one last tip, be consistent.

Originally posted 2013-01-07 00:44:31. Republished by Blog Post Promoter

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