Archives for category: Money

One Man Island
Ridiculously Costly Series

One Man Island, private island

One Man Island. Photo from iliketowastemytime.com

Wealth and riches are blissful to attract. I like having them, and I love spending them. It brings forth freedom – to do just whatever you want, to have whatever you want whenever you want. But I consider it as a privilege. Having it means having more to share.

And I believe that buying a one man island, or as they call it ‘private island’, is defeating the purpose of sharing; if anything, it’s selfish. These private island owners exclude themselves from the rest of the world, like all they needed is themselves and their riches. That is erroneous thinking. As social beings, we have the purpose to fulfill – interaction, not isolation.

Lets say, you buy islands because you can; and you don’t intend to actually live in it. It was meant for vacation, a resting pad. That means you get to use the island, for what, one or two times a year? And then the rest of it is just lone.

Many are people without shelter, or stable shelter, or enough shelter to fit a family. And to have an island for one man or for seldom vacation is ludicrous. I can’t live owning an island and knowing the reality beyond.

What I don’t even tolertate is why people buy islands when they don’t have enough bills. Case in point, Nicolas Cage. His financial trouble stretches, but that’s because he spent much on overly needless possessions – 22 cars, 12 expensive jewelries, 47 pieces of art and 3 homes, including  a private island. And that was in 2007 alone.

Should people have the right to buy islands?

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Source:
Nicolas Cage: Even More Broke Than Assumed!; The Hollywood Gossip

What if you get a million dollars but only for a day..

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Photo from photoXpress

A Single Parent’s Life in the post It’s Just A Bag disclosed that if she had the money to last a life time, she wouldn’t spend much on a bag. What if you DO have the money, on which things would you spend it with? And how about having the chunks of money for only day, and the succeeding days you’ll be back to normal. What things would you want to have for those succeeding days?

Here’s what I’m doing.

I’m buy a Europe travel guide and book a one month Eurotrip! This is how one of my evenings will look like:

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Photo from Wolfgang Staudt’s flickr

I’ll deposit the payment for all the air transfers, tours and classy hotels with breakfast. The only thing I’ll have to worry then is lunch and dinner. I’ll add five of my friends and pay all their expenses so our gang was complete with spacious room for adventures.

A rough overestimation would be $10,000 per person, so $60,000 for five of us.

Then I’ll grab a house and pay in advance for a solar panel build to free myself of the electricity bill burden. The house I’m eyeing is valued at 585,000. Solar panel installation reportedly costs $70,000 at its height.

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Photo from azpaddlers.com

I’ll donate $200,000 to charity simply because I have nothing better to spend it with. And the remaining is for Vegas baby. Wouldn’t let this day pass without any fun! And who knows, I could lure more fortune.

It is actually hard to decide what you can spend on a day with a million dollars. I could easily buy a fancy painting, except I appreciate art in any value. Other than travel, that which I wanted most right now, I would go for house and charity. Of course, fun should be in that day so there’s Las Vegas.

How would you spend a million in a day?

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It doesn’t matter how cheap or expensive the bag is, all bags have the same main function.

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Photo from prayitno’s flickr

First of all, I’m a guy so I’ll never understand sacrificing huge amount of money on a bag. I mean, it is just a bag. It doesn’t do much other than storage of stuff. You may perhaps find me eyeing a car but it is more understandable because (a) you know the production is costly, and (b) it is for convenience and safety purposes as opposed to public transportation where there is risk of being robbed, holdapped, kidnapped, and any other criminal acts.

Consider this situation: your pregnant sister visits you at home and suddenly her water broke and has to deliver a baby. How will you get to the hospital? Let’s say you can’t find a taxi, will you take the train? A bus? Of course not. You’ll value the safety of your sister and her baby so a car helps. I don’t think a bag can help you get a pregnant baby into the delivery room, nor will it save a life of a person.

I remember my professor in economics (which is by the way, one of the more handy courses I’ve had), saying that she’ll never buy a costly handbag. It is because the idea was crazy, and she prefers bringing a backpack. It is more convenient. You use two shoulders instead of one so there is even weight on both shoulders, which saves your posture. More importantly, you could fit so much more in a backpack.

From what I’m seeing, women’s bags are used as a statement of style and/or fortune. You inform people without verbally claiming that you can afford those bags, and you feel somewhat superior, a satisfying feed of attention.

If you like it, you like it. I should respect that; but I will always think that it is ridiculous to spend $31000, $18000 or even $1600 on a bag. Don’t care what brand that is, fact remains that it is just a bag.

Could you explain to me other reasons why people buy high-end bags?

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Cheap on labor, excessive on endorsement.

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Photo from Justin Hee’s flickr

An elegant, dandy pair of Nike shoes would cost you around $70 to $150. Little did the public know that the production cost, meaning the materials, machinery, and rent that Nike spend in making a pair of shoe, is just $12. More intriguingly, the labor was just $2.75, or just 4% of the money the customers pay for a shoe with a check sign.

Workers in the production factory really earn a little percentage, and quite frankly are underpaid.

Most of the cost of the shoes came from advertisements. Tiger Woods, for instance, was paid $20 Million to promote the Nike golf division alone. In 2006, Nike spent $476 Million to get star-studded promotion of their shoes.

This engagement does not only apply to Nike. Before buying the Shape Ups Skechers shoes Kim Kardashian promotes, think of how much the noted Kardashian milks you some money. Just think of the workers who actually WORK and put together the materials to offer comfort for your feet and how they should get the percentage more. And think of how many hungry people will be fed, out of out-of-school children be educated, and millions of lives be improved when these shoe-makers’ cost of advertisement are focused on providing support for them.

Do they really need advertisements? People already know that Nike makes shoes, so why spend millions on promoting it more? We only have a pair of feet. Everytime we buy more than necessary, remember the children who travel to school using worn-out slippers or barefoot across rocky terraces and cross a river, even rivers.

Do you need a celebrity do endorse your shoes?

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Sources:
The Cost of a Pair of Nike Shoes; citinv.it
Investors Fret About Nike’s Star Endorsements; MSN Money

What if you sell a human body to a chemist..

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Photo from photoXpress

Lets say, we will sell this man. How much will a chemist buy him? Is he worth more than the money on his hands?

Chemists can put a price tag on a person by breaking him down to his elemental composition. A human body is approximately composed of the following:

  • 65% Oxygen
  • 18% Carbon
  • 10% Hydrogen
  • 3% Nitrogen
  • 1.5% Calcium
  • 1% Phosphorous
  • 0.35% Potassium
  • 0.25% Sulfur
  • 0.15% Sodium
  • 0.15% Chlorine
  • 0.05% Magnesium
  • 0.0004% Iron
  • 0.00004% Iodine

Given the elements in him and how much they are sold in the market, this man, along with all of us humans, are worth $1.

$1 huh? Hard to believe that Justin Bieber’s album costs more than you. The richest man in the world, Carlos Slim Helu, has a total net value of $63.3 Billion. Apparently, he can buy the whole human race for $7 Billion and still maintain the majority of his fortune. But that was just in the chemical point of view. And you can’t possibly create a person out of those elements – it doesn’t work backwards.

You could actually bargain an increase of your worth. Your skin could be sold at $0.50 per square foot, adding an additional $3.50 to your worth so wholly, you are just $4.50 chemically speaking.

All that information came from Dr. Helmenstine’s Guide. I’m in no position to verify its accuracy but it came from someone with a PhD Degree in related sciences. It looks forthright since our body is made up of mostly oxygen, carbon and hydrogen – elements that are abundant in our environment, it seems almost free. Well, you don’t pay for the oxygen you breath.

It is spectacular to me how life can emanate from less than $5 worth. Life is really simple. And no matter how much money you’ve got, you cannot replace a person. Every person’s life is worth living, so let’s spend it well.

What else can you buy for $1?

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Sources:
World’s Richest Man; Forbes
How Much Are The Elements In Your Body Worth?; About.com

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