Archive for January, 2007

A Study On How Married Couples Are Wealthier Than Singles

Saturday, January 27th, 2007 by

I was just reading this interesting research on how apparently married couples are far more likely to achieve greater wealth financially than a person who is single. The study was done by the Ohio State University last year and went on to say things such as if you really want to increase your wealth get married and stay married. The theme of the study it seemed was actually about how a divorce can drop one’s wealth by 77% which is more than simply just dividing the couple’s wealth in half and similarly a married couple’s wealth increases more than simply adding the couple’s combined assets together.

Now some of the interesting numbers they threw out was that single people who start off with less than $2000 would grow their wealth to about an average of $11,000 in fifteen years whereas a married couple that stayed married would grow their wealth to an average of about $43,000 in ten years. The main reason for this was that for married couples it was cheaper to maintain essential requirements in one’s lifestyle such as paying for your house whereas a single person would not have these kinds of privileges.

On top of that, the study talked about how being married makes people more conscience and productive when it comes to earning and saving money as they acquire the mentality that they have to work for more than just themselves now as they have a family to take care of. Overall, the study concluded that married couples were able to achieve 93% more wealth than people who were single or divorced.

Those are some interesting numbers. The funny thing is that when it comes to one’s wealth in regards to a person who is single or in a relationship, since a lot of the people I see everyday are not yet married it seems like it is the complete opposite where it’s mostly the people who are in some sort of a relationship are not as well off financially as people who are single. Some of the figures that were stated seemed to be very low though.

For example, it stated that a single person would on average increase their wealth by $11,000 in fifteen years which works out to about $733.33 each year that we are looking at here. I would think at minimum that a working adult should be able to increase their wealth by at least four figures each year. If I had to think of a range, I’d say by at least $2000 to $4000 a year which is only $166.66 to $333.33 a month. I do realize that it is a US currency that is being used for the study, but at $733.33 each year that makes me wonder where all their money is going to or if financial education is really that much of a second thought initially for most people.

Windows Vista Ultimate 32 bit and 64 bit Versions

Friday, January 26th, 2007 by

Today I got my Windows Vista Ultimate discs which are the release candidate versions. I got mines kind of late considering that the retail version is coming out on January the 30th. So it seems that there will be a 32 bit and 64 bit versions. I was debating whether or not I wanted to simply upgrade one of my current XP professional systems to Vista, but after thinking it over I think it will be smarter to build a different computer for this incase there are some compatibility issues with this new operating system with the current programs that I use which is highly likely I suppose considering it is new.

I guess this will be interesting once I get to try it out as I’m sure a lot of businesses will have to adapt to this new platform now. Now what kind of system I should build for this is something I haven’t fully decided on yet. I might just get something simple to test it out too first.

Assets VS Liabilities

Thursday, January 25th, 2007 by

I personally read articles all the time where people explain the difference between an asset and a liability as it is not something that most people try to differentiate which in many people’s view is a root problem on why some people are constantly in the lower bracket in terms of being financially successful.

In general, most financially successful people would know that an asset is something that would provide you with a positive gain whereas a liability would force a negative gain upon you. Now what usually gets most people confused is that they feel that having something like a car is an asset as it costs a lot of money and so it is worth an X amount of dollars in the marketplace which makes it an asset as that is generally what is taught on what an asset is. Typically speaking, let’s say you bought a $50,000 car entirely with cash to drive to work. One would think that this should be considered an asset obviously as it is worth a lot of money. Now think for a moment how much it actually costs you to use that car everyday. How much a month would you have to pay for things such as gas, car insurance and maintenance services? In a bigger picture, how much is that car going to be worth 5 to 10 years from now? With all that in mind, basically that $50,000 car you thought was an asset is really a liability as it is actually costing you money.

A true asset, so to speak, would be something like me purchasing say this really exquisite gold or diamond piece that will increase in value as time goes by. In the bigger picture with this example, I know that people would pay money just to see it and so in both ways I am gaining and this is something that would truly be considered an asset in the minds of more financially successful people. So obviously, a true asset would be that your investment is making money for you. If I was to use that $50,000 car as an example, in order for it to be considered an asset and not a liability it would somehow have to create a positive income gain and an easy example of that could be that I own some kind of race track and everyday people pay money to drive it as it is a car that a lot of people can only dream of having. After you factor in all the expenses, I would make money out of it and so that is when it would definitely be considered a true asset.

I guess in many ways it’s the conventional style in thinking about money and investments that can get you. Like anything else, looking at things from an overall picture can provide a more clear perspective and enabling you to make better decisions.

Automatic Cruise Network You Say

Wednesday, January 24th, 2007 by

Now what was this? I recently received a phone call from the following number at 231-224-2050 which appeared to be from Michigan. Upon answering, an automatic message came up saying how I won two free tickets to a cruise if I stayed on the line and answered some questions. Of course, I hung up. Sounded like a scam to me. Actually, the next time they phone maybe I should record the message and post it here so that everyone else can hear it.

Google Temporarily Loses Its Google.de Domain In Germany

Tuesday, January 23rd, 2007 by

Well this has got to be one of the strangest things I have seen happen to a multi-billion dollar company. Yesterday late at night Google’s Germany domain had an ownership transfer. Any visitors trying to access Google.de were presented with this:

This is apparently a standard parking page type of splash page for newly registered domain as the request was done through a German company called Goneo, which appears to be a web hosting and domain registration company. Based on what I read the story was that someone had made a request through Goneo to have an ownership transfer of Google.de. With that, Goneo then forwarded this request to DENIC which is the central registry for all top level .de domains. DENIC then sent this request to Google a few times without receiving a response. Within five days, DENIC treated that as a silent acknowledgement from Google of the domain ownership transfer and so it was processed as Goneo became the new owner of the domain. Apparently this wasn’t an isolated incident either as someone else had done the same thing within the same timeframe. So the domain ownership was transferred twice and both times there was no response from Google to deny the transfer.

Pretty amazing I must say. Not only is it kind of bad that no one within Google reacted to the request, but you’d think that with such a household name that t this whole thing would have been stopped by someone halfway as it would seem a little too strange of a request to be true.