Can Having Patience Make You Money?

I was watching a movie the other day on my VCR. The movie was" Nightmare on Elm Street" 1984 version. The tape was priced with a sale sticker of $15.99. I had bought the movie in the early 90s. I see the same VHS movie for about $5.00 on Ebay. In 20 years it decreased 2/3 in value. The DVD version was going for $6.00. BluRay was valued at $3.99 .

The cost of movies has gone down with better quality. The same for many consumer goods. Which begs me to think what can I wait to purchase and purchase for less? I still use a standard def - Tube TV 33" while I know friends who payed top dollar for HDTVs when they first came out.



The first one I remember seeing was a 16:9 tube 1080i resolution 33" HDTV for about $5700. Now I can buy the model for about $200 on Ebay. When it is said "patience is a virtue" it might have to do with the fact if you are patient you might be able to be build diligence as well.

 

Red - Eared Slider : 

Patience is required when they cross the road

The economy of patience is as follows:

• patience allows for depreciation


• patience allows for time for better choices


• patience allows time to save more money; paying cash then using debt which cost more in future time


• patience allows for better versions of products to be made (computers getting exponentially better)


• patience allows for products to be made for more economically  (think TV manufacturing cheaper)


• patience allows for time to not be taken by quick scams or high pressured sales


• patience allows for competition to crop up and drive prices down


• patience allows for the growth of small rewards into big rewards (think DRIPs)

Just remember: Be Patient because Time is on Your Side

Are Multi-Level-Marketing Companies a Legal Pyramid? What does it matter?

Would you feel better if you lost money from a legal pyramid scheme or an illegal scheme? It is kind of a stupid question because it doesn't matter you still lose money whether it is legal or not. I would not feel any better to lose two thousand dollars in a multilevel marketing or a Ponzi scheme.

The structures are completely the same. There is a person on top and many people supporting the top person by buying into a product or network. The only difference is the network marketing is suppose to have a product to sell and the pyramid doesn't.

Which Is the Better Deal an Elio or a Wheego LiFe?

In the search for a fuel efficient vehicles I came across two interesting options. The first option is the Elio.  and the second is the Wheego LiFe.

 

Elio Vs Wheego LiFe

Personal Finance: The Basics in One Blog Post

All personal finance begins with the person.  All people need food, water, and shelter to survive. All people want other things in life besides the basic necessities.

To survive on your basic necessities you need to have some sort of income. The income is the creation of wealth from less resources; whether this is receiving money for services and or time (job) or charity (foundation, government assistance, individual donation, etc).

Your income rate needs to exceed your spending rate for your needs or you will not survive. There are two sides to the equation. In coming (income) and Out going (expenses) are the sides and need and want are the insides.

Basic In-coming and Out-going Diagram