Archives for posts with tag: money

The requirements: good health, ludicrous loads of money and shots of bravery.

Spaceplane, space tourism, earth atmosphere, out in the space, wealthy adventure, excitement, travel outside

Photo from NASA

The adventure that history may think as fictional or delusional is now taking off with us. Space tourism is welcoming wealthy adventurers to go somewhere where not many has been and seen. Like what Virgin Galactic said, “space is a virgin territory”.

After a brief tease of the thrilling tour, people jumped aboard.  From 520 listed customers, £64M ($103M) is already in deposits. The first batch of flight will happen next year.  Among the early birds to space were known personalities – Hollywood’s Paris Hilton, Ashton Kutcher, Tom Hanks, Angelina Jolie and Brad Pitt; scientists James Lovelock and Stephen Hawking; and royal Princess Beatrice. See Virgin Galactic passenger list.

A spaceplane can accommodate eight people. Two are pilots and six are passengers. Perhaps, among the six passengers was a photographer to keep track of the adventure. Virgin Galactic is excited to bring in the first batch of space tourists photos. With this mission of resolute publicity and marketing, it won’t be for long until they earned back their £162M ($261M) investment for the fleet of spaceplanes. In fact, the space industry has the potential to reach $1.6B in the next decade.

This growing industry also has growing competition. Orbital Technologies, a Russian company, plans to construct a “Hotel in the Heavens”.  No gravity is the gimmick of the hotel. The price to get there was £500,000 ($806,000) and £100,000 ($161,000) to stay for five nights. Space Adventures in Virginia will bring you to the International Space Station for $50M. Other companies offering the adventure are emerging in California and Texas while a European conference was held in London in the talks of space tourism.

How will it go? Everything will seem like a flash. 90 seconds to ascend with a speed of 4,000km/h. After six to seven minutes of gliding to the space engineless and gravityless, they’ll start descending. Tourists will appreciate a view similar to this:

We don’t know where it’s going from here. I guess there will be more men – ridiculously wealthy men – to step on the moon in the near future.

Would you travel in space?

Sources:
Space tourism: to infinity and beyond?; The Guardian
Space Tourism Is Here! Wealthy Adventurers Wanted; The New York Times

Educating a child is more expensive than once thought.

Money in exchange for grades, Grade for Money, teenager in schools, motivation for getting to school and high grades, school and children nowadays, expensive and costs of education, shock of money

Photo from photoXpress

You pay the tuition, you pay his clothes, and you pay for his food. To get more benefit out of school, you should also pay your child for going to school.

Ambitious study of Harvard economist Roland Fryer Jr. paid $6.3 million to 18,000 students to testify his lead towards the education policy, classified as “one of the more rigorous studies ever”.

Students who are paid to merely attend school, like a day job, significantly fared better in their academics as measured by standardized tests. Money as an incentive is a pliable motivator. For these children, money is sweets, is games, is shoes, is cool stuff.

I’d want that. I wish I was also paid to go to school. If all parents did, all students will be rich! Of course it will make students work for it, especially those that are in their teenage years as money is independence. This may also mean training them for the harsh real world, that you hardly see “free work”, that work is done in exchange of money.

Medley of questions in my head challenged the results, even if I accepted the verity of the study. Couldn’t we see any other motivator other than money? If this was implemented, would they really like to learn, which is a never-dying process; or will they stop trying to learn when there’s no one paying them anymore? And are standardized tests the only measure of intelligence, forcing them to like science and math and disregarding arts or athletics?

Would you pay your child to go to school?

Source:
Should Kids Be Bribed to Do Well in School?; Time
 

Ibiza, the ideal place to go to on holidays; yet research has shown many return depressed and disillusioned.

Vacation of a lifetime,dream vacation in beach, Spain, mental health and psychology of travel and vacation, clear water, tropical beach, young man

Photos from Philip Larson’s and Adam Russell’s flickr

People save money for years in order to enjoy the life on Ibiza for a few weeks. A vacation to live up to. But when you arrive there, everything is different than expected. You’re not the only one in the expensive hotel. Your expensive hotel is one of the cheapest in comparison to the others, and your clothes, on which a lot of money was spent, are nothing different from other people’s clothes. You’re normal.

You always were normal. But when you’re, for 3 weeks, trying not be, you still are. What did you save all that money for? To live the life, partying all week, to find out it doesn’t help. Ibiza should have been the distraction, but it became the eye-opener. But realizing all this, you think, well, if it’s all for nothing, why not release the brakes and go wild? Which is exactly what people do. Drugs and alcohol, and not a little.

The worst part might still be coming back. Back to all, found out, you really are but don’t want to be. Some even end up with addictions, because of all the party drugs and alcohol from Ibiza.

The advise experts give to people who have a vacation to Ibiza planned but unable to cancel it? Make an appointment with a psychologist before you go; he will be busy when you return.

Have you been depressed from a holiday?

To cross the upper class border, investments are the best strategy to engage.

Money growth investment, upper class, working and saving for investment, people, stocks, bonds, mutual fun, forex trading, business, companies, overflowing money, rich people, investment charts, stack and pile of coins, gold

Photo from photoXpress

Sure, you have a job that pays constant money; but it doesn’t take a mathematician to know that it’ll take a lifetime of savings until your steady paycheck can add up to a fortune.

Investments are smart. You don’t have to work so hard, eight hours a day to reach financial freedom. Money comes to you passively – you can swim with penguins while your investments add bucks to your account. Here are the investment kinds you may want to know:

Bonds. You lend your money to a company or government.
How does money grow? They pay you back with interests.

Stocks. When you invest on stocks, you buy a part of a business. This means you own a percentage of the business.
How does money grow? You are entitled to receive profit of the business proportional to the amount of stocks you own. However, the return and risk is high.

Mutual Funds. A professional manager invests your money in a collection of bonds and stocks.
How does money grow? Same as bonds and stocks. It is diversified and it doesn’t demand your time.

Real Estate. You buy a land property.
How does money grow? Since value of house and land is increasing over time, you can sell it high.

Certificates of Deposits. You deposit money to the bank within the time frame, while during the time you cannot spend that money.
How does money grow? You earn with interests.

Forex Trading. You buy or sell a foreign currency.
How does money grow? You can earn or lose money through the movement of exchange rates. For example, you exchange US dollar for UK Pound. If UK Pound increases in value, you earn. If it decreases, you lose some money.

Business. You fund a starting business or you found your own business.
How does money grow? You earn through profit of the business, or you can sell your business for up to millions. However, starting a business is demanding and it may take most of your  time. Make sure you systemize it so the business can operate it without you.

All of these investments are simplified. I encourage everybody to sign up for at least one, but be sure to study it well. “Big risks, big rewards” is a good statement, but I prefer “controlled risks, big rewards”.

What kind of investment are you interested in?

More Moments for you:
Changed College Education
Loath these Laws
Oddball Interview Questions & Answers

Source:
Different Types Of Investments; WXINVEST.com
 

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?

More Moments for you:
Boracay spelled Beach Activities
Typical Gestures in Various Cultures
The Uncanny – Storm Chasing and Paranormal Tourism

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

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