Next month'll be Oct 2008, roughly 5 years since I started a REAL job at NCEN (and boy do I miss NCEN), and now I'm starting to reflect how I treat money
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so I just kept saving and saving. Fortunately, video games are a relatively cheap hobby to have.
Much easier for you. You make more (I think) and have cheaper hobbies. Still, that you keep saving is good.
I want to say, money DOES bring happiness, but only to a certain point. The people who say money doesn't bring happiness are the rich people.
It's the really rich and the really poor. What I think you're looking for is the phrase "diminishing returns." The guy making $250K/year isn't much happier than the guy making $150K/year, but both are much happier than the poor sucker typing this, who is making less than $40K this year.
Jobs REALLY affect people's personalities.
Seriously! Like me this summer. I'm practically at Initech and Peter and Wally are my heroes. Unfortunately, their habits have carried over into my out-of-work life.
It's disconcerting to feel that I've turned into Mike (what a complainer!) Out of curiosity, is this me? I am a complainer, though, so I'm not... complaining that you're saying that
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Aaaah! Sorry, Mike the Mentor is the Mike that complains a lot. He's infamous for this.
You got a point about the diminishing returns. Maybe at a point, giving away money makes you happy in the long run too.
Yes, I'll have saved up my salary pre-tax. I have it staggered in CDs too. I've been randomly asking people what interest they're getting on their savings, and I've found 2 guys that said < .1% so I nagged them to get off their butts. 2/3 of the stuff I earned off interest got eaten by taxes last year, but that's better than .1
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Funny you should say that about .1%. The incredibly low return in my BofA savings is what kicked me in the butt to put money into a CD. I got less than a buck of interest in a month for having over $10,000 in savings about two years ago. And that's what caused me to look into CDs. Two weeks into the CD, I had earned more in interest than I would have from the savings account over a full year without it.
My short retirement plan is to keep putting money I don't need away, until the interest can support my committed expenses (including insurance for things).
The matching was terrific, especially since I'm an intern!
Did you know there's a difference between regular savings and online savings? I have WAMU (among other banks) and I only realized recently its Online Savings % was beating ING's CDs.
Its interest for online savings is 3.75% I think its regular savings is <.1%. Online savings has been better. I don't know if that's the same case at BOA.
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Much easier for you. You make more (I think) and have cheaper hobbies. Still, that you keep saving is good.
I want to say, money DOES bring happiness, but only to a certain point. The people who say money doesn't bring happiness are the rich people.
It's the really rich and the really poor. What I think you're looking for is the phrase "diminishing returns." The guy making $250K/year isn't much happier than the guy making $150K/year, but both are much happier than the poor sucker typing this, who is making less than $40K this year.
Jobs REALLY affect people's personalities.
Seriously! Like me this summer. I'm practically at Initech and Peter and Wally are my heroes. Unfortunately, their habits have carried over into my out-of-work life.
It's disconcerting to feel that I've turned into Mike (what a complainer!) Out of curiosity, is this me? I am a complainer, though, so I'm not... complaining that you're saying that ( ... )
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You got a point about the diminishing returns. Maybe at a point, giving away money makes you happy in the long run too.
Yes, I'll have saved up my salary pre-tax. I have it staggered in CDs too. I've been randomly asking people what interest they're getting on their savings, and I've found 2 guys that said < .1% so I nagged them to get off their butts. 2/3 of the stuff I earned off interest got eaten by taxes last year, but that's better than .1 ( ... )
Reply
Funny you should say that about .1%. The incredibly low return in my BofA savings is what kicked me in the butt to put money into a CD. I got less than a buck of interest in a month for having over $10,000 in savings about two years ago. And that's what caused me to look into CDs. Two weeks into the CD, I had earned more in interest than I would have from the savings account over a full year without it.
My short retirement plan is to keep putting money I don't need away, until the interest can support my committed expenses (including insurance for things).
The matching was terrific, especially since I'm an intern!
Reply
Its interest for online savings is 3.75% I think its regular savings is <.1%. Online savings has been better. I don't know if that's the same case at BOA.
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