Comments | reasonandrhyme: cashflows 101

reasonandrhyme

cashflows 101

Jan 20, 2007 20:49

Hell week, with its major tests on four out of five days, looms forebodingly over my weekend, but today, I had a little "fun".

Since both my parents are in Cebu, I decided to stay at the dorm and catch up on work. But earlier, I attended a seminar called Cashflows, which was sponsored by the Management Economics organization in Ateneo ( Read more... )

Comments 13

nevermind_88 January 20 2007, 13:10:36 UTC

OOOOHHHH!!!! Money!! BUY ME LUNCH!!!! XP

reasonandrhyme January 20 2007, 13:12:56 UTC

Pfft. You're a liability. G'way.

nevermind_88 January 20 2007, 13:14:59 UTC

WHAT?! ME?! COME ON MAN!!! BENTO BOX LANG!! XP

reasonandrhyme January 20 2007, 13:19:22 UTC

When I own Katipunan, maybe I'll treat you...

Thread 6

genstallik January 20 2007, 14:08:52 UTC

Got any liabilities right now?

reasonandrhyme January 20 2007, 14:21:32 UTC

Too many to count, 'specially since I'm not earning a cent. Meh. They're usually in the shape of a McFlurry, though.

residentofpluto January 20 2007, 16:40:28 UTC

if you really want some passive income as early as now, give dad or mom some money and ask them to invest in a mutual fund for you. a mutual fund is when some brokerage invests your money in the stock market in stocks that are expected to do well in the near future. they do all the research so you won't have to. they just get a percentage of the earnings from your investments. now's a better time than ever, the stock market's doing better than almost any other form of investment out there. and it's one way of stopping yourself from touching money you're not using right now.

reasonandrhyme January 21 2007, 06:41:05 UTC

About how much money do I have to save up first? I mean, to have a significant investment...

residentofpluto January 21 2007, 10:09:58 UTC

Ask around, different limits for different banks or brokerages. I think it can go down to as low as P2000 or so. The best thing to do is to save about P1000 a month to keep adding to your savings. Once you're 18, you can open a separate account that you can put your extra money before you move it to something that will actually grow. There are plenty of banks across Ateneo, take your pick.

lantraluvr January 22 2007, 01:10:29 UTC

Anyone want the PC version of Cashflow 101? I have been playing Cashflow in my crappy laptop for so long, it's almost a no-brainer to get out of the Rat Race. I am willing to burn people copies and personally deliver them, for no cash outlay, except for blank CD exchange.

Pat, it is great that you have discovered the Cashflow game. I personally played the actual board game a few times, and had fun while learning a bit about finances and stuff. Play it some more when you get the chance.

Ah well, I'm off to slave for earned income...

reasonandrhyme January 22 2007, 11:22:27 UTC

Me! Me! Me! Burn me a copy!