Forum Discussion
PastorCharlie wrote:
Now they have paid $27.00 Hotel keeps $25. Clerk gets $2 The $30 is no longer an issue.
All this discussion reminds me of a business transaction that occurred when three men took a short fishing trip to the coast. They arrived at a small motel late in the day when the manager had stepped out of the office to carry the days receipts to the local bank and left one of the staff to attend the phone until he returned.
During his absence the three men arrived and asked to rent a single room for the night, willing to bunk down on the couch and floor if needed. The attendant not being knowledgeable of the cost of rooms told the men that the manager was out but there was a room in back they could have for $30.00 for the night.
Each man gave the attendant a 10 dollar bill and went to the room to get an early sleep to rise early in the morning for their fishing adventure.
The manager returns and the attendant gave him the $30.00 and explained that 3 men were in the back room.
The manager tells the attendant that he had over charged the men. The back room only rented for $25.00. So he gate him 5 dollar bills and told him to go explain that he had overcharged them and return the 5 dollars to them.
On his way to their room he reasoned within himself saying, "How am I going to split the five dollars equally among 3 men?" He decided since they were happy paying $10.00 each they each would be happy to get 1 dollar in return. So he pocketed $2.00 and knocked at their door and explained how he had overcharged them for their room and gave each a 1 dollar bill. They were happy and thanked him for his honesty.
That would be the end of the story EXCEPT for the fact that originally the men had each paid $10.00 totaling $30.00 for their room and now the men each paid $9.00 for the room which totaled $27.00 and the $2.00 the attendant kept brought the total to $29.00 for the room.
Originally they paid $30.00
Now they paid $27.00
The attendant has $2.00
27.00
+2.00
______
$29.00
Where is the missing dollar?aftermath wrote:
.....snip........
Take a look at the soy bean farmers. A huge tariff placed by our country has dramatically hurt these people. The answer was for our government to come up with something like $12 billion for a bailout. A self imposed tax that will hurt all of us, farmers and tax payers alike.
Where did that $12 billion come from? Was it just laying around somewhere or simply added to out National debt?- The motel keeps 25
The lying attendant kept 2
The men got 3 back
That's $30 (25 + 2 + 3) - All this discussion reminds me of a business transaction that occurred when three men took a short fishing trip to the coast. They arrived at a small motel late in the day when the manager had stepped out of the office to carry the days receipts to the local bank and left one of the staff to attend the phone until he returned.
During his absence the three men arrived and asked to rent a single room for the night, willing to bunk down on the couch and floor if needed. The attendant not being knowledgeable of the cost of rooms told the men that the manager was out but there was a room in back they could have for $30.00 for the night.
Each man gave the attendant a 10 dollar bill and went to the room to get an early sleep to rise early in the morning for their fishing adventure.
The manager returns and the attendant gave him the $30.00 and explained that 3 men were in the back room.
The manager tells the attendant that he had over charged the men. The back room only rented for $25.00. So he gate him 5 dollar bills and told him to go explain that he had overcharged them and return the 5 dollars to them.
On his way to their room he reasoned within himself saying, "How am I going to split the five dollars equally among 3 men?" He decided since they were happy paying $10.00 each they each would be happy to get 1 dollar in return. So he pocketed $2.00 and knocked at their door and explained how he had overcharged them for their room and gave each a 1 dollar bill. They were happy and thanked him for his honesty.
That would be the end of the story EXCEPT for the fact that originally the men had each paid $10.00 totaling $30.00 for their room and now the men each paid $9.00 for the room which totaled $27.00 and the $2.00 the attendant kept brought the total to $29.00 for the room.
Originally they paid $30.00
Now they paid $27.00
The attendant has $2.00
27.00
+2.00
______
$29.00
Where is the missing dollar? d3500ram wrote:
rk911 wrote:
tomman58 wrote:
troubledwaters wrote:
rk911 wrote:
Every millionaire i know borrowed money and used that money to leverage deals to make big time money. Fact is, I have plenty of borrowed money at 4% while my invested money is making 13% right now.pitch wrote:
ZINGERLITE wrote:
Cummins12V98 wrote:
Grit dog wrote:
Is this what ya do when you get old? Sit around and argue about economics, politics and the weather (and axle ratings, lol)?
YUP
Shop local only and you need a 1 ton to tow a pop up!
And always pay cash. If you need credit you can't afford it!
i agree that avoiding debt is a step along the path to wealth and financial independence but not carrying CC debt and not using CCs are two different things.
Boy that sure sounds like the recipe for disaster! That's one of those thongs that works so good till it doesn't LOL
it sure does. i suspect that the vast majority of millionaires (folks with a net worth of $1m or more) did not use borrowed money to increase wealth. TroubledWaters is ignoring or discounting risk...risk of losing an income stream and not being able to address debt. i know, can't happen/won't happen. i've been fired twice from jobs i thought were secure. being debt free made those situations much less stressful and manageable. in both cases i was able to secure better jobs at higher salaries.
I have nothing to add except I like to see how many responses that have many multiple quotes-in quotes within quotes we can get. But I am enjoying the topic of this thread.
Agreed!!free radical wrote:
https://youtu.be/0JDoll8OEFE
Btw coruption is punishable by death penalty in China
So is illegal drug pushers
Why China has the best high speed railways
Enjoy
https://youtu.be/hs392e7z99Y
China and drugs
https://youtu.be/Yoqj-gmDgkM
You and I can trade posts supporting our positions all day long but to suggest that China does not export illegal drugs to the U. S. is disingenuous as is saying China's new train system is not riddled with issues, poor construction and improper materials and corruption.
www.newsweek.com/forget-mexico-us-being-flooded-illegal-drugs-china-652494
One can order illegal drugs via internet and have them shipped to the U.S. and delivered in as little as 10 days.
https://www.statnews.com/2018/01/24/china-fentanyl-usps/
https://www.fastcompany.com/1749952/problem-chinas-high-speed-rail
Note that none of these links are from Fox News.:)
I am guilty of helping to get the OP's post off track so I will not make any further comments unless they are tariff related.:)rk911 wrote:
tomman58 wrote:
troubledwaters wrote:
rk911 wrote:
Every millionaire i know borrowed money and used that money to leverage deals to make big time money. Fact is, I have plenty of borrowed money at 4% while my invested money is making 13% right now.pitch wrote:
ZINGERLITE wrote:
Cummins12V98 wrote:
Grit dog wrote:
Is this what ya do when you get old? Sit around and argue about economics, politics and the weather (and axle ratings, lol)?
YUP
Shop local only and you need a 1 ton to tow a pop up!
And always pay cash. If you need credit you can't afford it!
i agree that avoiding debt is a step along the path to wealth and financial independence but not carrying CC debt and not using CCs are two different things.
Boy that sure sounds like the recipe for disaster! That's one of those thongs that works so good till it doesn't LOL
it sure does. i suspect that the vast majority of millionaires (folks with a net worth of $1m or more) did not use borrowed money to increase wealth. TroubledWaters is ignoring or discounting risk...risk of losing an income stream and not being able to address debt. i know, can't happen/won't happen. i've been fired twice from jobs i thought were secure. being debt free made those situations much less stressful and manageable. in both cases i was able to secure better jobs at higher salaries.
I have nothing to add except I like to see how many responses that have many multiple quotes-in quotes within quotes we can get. But I am enjoying the topic of this thread.- Deleted
Charlie D. wrote:
China doesnt need US as much as you think
Their economy is booming as they expand all over the world into Europe Africa Russia and so on.
Look up Silk road China for example
China megaprojects
https://youtu.be/s3qma0pROi0
China makes friends while America makes enemies and wars,fact
China high speed rail,
https://youtu.be/0JDoll8OEFE
Btw
China has most billionaires in the world,so much for Communism failure eh
https://youtu.be/CSCmc6ezllU
China's economy is slowing and no longer booming. economics.com/countries/china
They have lost some billionaires since the 2005 You Tube post. There is now an elite class that is connected to the those who run the country where as the majority of their people live a substandard life.
Their infrastructure is growing at a mind boggling rate but keep in mind that this is new and much needed. 30 or so years ago they were a backward nation
https://www.fastcompany.com/1749952/problem-chinas-high-speed-rail
All of their mega projects suffer from corruption, over budget, poor workmanship, substandard and unsafe. No one wants to ride it because they can't afford it and will be forever subsidized by taxes.
Poor workmanship?Unsafe ?
You must be joking
I watch and listen to people who live there for facts not Fox Noise anti China propaganda
Btw coruption is punishable by death penalty in China
So is illegal drug pushers
Why China has the best high speed railways
Enjoy
https://youtu.be/hs392e7z99Y
China and drugs
https://youtu.be/Yoqj-gmDgkMrk911 wrote:
If I can afford to pay cash, I can afford to borrow against that cash and leave my money invested at higher rates.
it sure does. i suspect that the vast majority of millionaires (folks with a net worth of $1m or more) did not use borrowed money to increase wealth. TroubledWaters is ignoring or discounting risk...risk of losing an income stream and not being able to address debt. i know, can't happen/won't happen. i've been fired twice from jobs i thought were secure. being debt free made those situations much less stressful and manageable. in both cases i was able to secure better jobs at higher salaries.
