Tripod:
Eddie Perfect:
Thursday, June 19, 2008
Thursday, June 12, 2008
Sunday, May 18, 2008
Kiva
Kiva made up this nice little banner. That is much easier than fiddling around doing it myself. This Kiva borrower is growing trees in a nursery... that's gotta be good.
Saturday, May 17, 2008
Sunday, April 27, 2008
Thursday, April 24, 2008
Wednesday, April 16, 2008
How much it cost to smoke.
I think a packet of cigarettes costs about AUD15. For the sake of arguement the borrowers would be a couple and, as non-smokers couldn't possibly live with smokers (my bias), let's assume that both borrowers smoke.
Daily cigarette cost each $15
Weekly: $105
Per four weeks: $420
For two people: $840
This gives a figure of $840 per month. Really the average calender month figure is (105*2)*52weeks/12months = $910 but $840 is a more concervative figure so we'll run with it.
Then it is easy enough to work back to the initial principal amount that will repay using my Texas Instruments BAII Plus Calculator.
Payment: -840/month
Interest Cycle: Monthly
Term: 20 years/240 months
Interest rate: 10% (this is a good average home loan rate)
This gives a principal value of $87,044. This is the initial face value of the loan... the amount you have to spend at funding.
So, you can smoke or pay off a home loan of $87k. Obviously, $87k would not buy a house. But it could let you extend or substantially improve a house or buy a bigger/better house.
So, the other way. What happens if you increase the repayments buy $840 per month?
Loan: $350k
Interest rate: 10%
Term: 20 years/240 months
This gives a repayment of $3377 per month.
Interest paid over the term of the loan: $460,616
If this is increased by $840 per month the term will be shortened and interest will be saved.
Loan: $350k
Interest Rate: 10%
Repayment: $4,217 per month
This gives a term of 142 months, less than 12 years.
Total interest is reduced to $247,838 a saving of $212,778.
It is not uncommon for people to start piling money into superannuation once the principle place of residence loan is repaid. With superannuation being a product that gives the best advantage the sooner you start, the saving in time is just as important as the saving of money. Future investment plans may be more along the line of an investment property. It doesn't matter which investment is more to your taste, starting sooner is advantageous.
The Commonwealth Bank has a loan calculator to run numbers. This calculator gives a yearly principal and interest
(Disclaimer: If you are taking advice from blogs you are a goose! Go see a financial planer if you want advice. I'm just running numbers not giving advice. I like numbers.) :)
Daily cigarette cost each $15
Weekly: $105
Per four weeks: $420
For two people: $840
This gives a figure of $840 per month. Really the average calender month figure is (105*2)*52weeks/12months = $910 but $840 is a more concervative figure so we'll run with it.
Then it is easy enough to work back to the initial principal amount that will repay using my Texas Instruments BAII Plus Calculator.
Payment: -840/month
Interest Cycle: Monthly
Term: 20 years/240 months
Interest rate: 10% (this is a good average home loan rate)
This gives a principal value of $87,044. This is the initial face value of the loan... the amount you have to spend at funding.
So, you can smoke or pay off a home loan of $87k. Obviously, $87k would not buy a house. But it could let you extend or substantially improve a house or buy a bigger/better house.
So, the other way. What happens if you increase the repayments buy $840 per month?
Loan: $350k
Interest rate: 10%
Term: 20 years/240 months
This gives a repayment of $3377 per month.
Interest paid over the term of the loan: $460,616
If this is increased by $840 per month the term will be shortened and interest will be saved.
Loan: $350k
Interest Rate: 10%
Repayment: $4,217 per month
This gives a term of 142 months, less than 12 years.
Total interest is reduced to $247,838 a saving of $212,778.
It is not uncommon for people to start piling money into superannuation once the principle place of residence loan is repaid. With superannuation being a product that gives the best advantage the sooner you start, the saving in time is just as important as the saving of money. Future investment plans may be more along the line of an investment property. It doesn't matter which investment is more to your taste, starting sooner is advantageous.
The Commonwealth Bank has a loan calculator to run numbers. This calculator gives a yearly principal and interest
(Disclaimer: If you are taking advice from blogs you are a goose! Go see a financial planer if you want advice. I'm just running numbers not giving advice. I like numbers.) :)
Monday, April 14, 2008
Friday, April 04, 2008
As far as I can see in this small image, the main problem with this fence is that it doesn't keep Americans in the USA... that really would make the world a better place.
Tuesday, April 01, 2008
Saturday, March 22, 2008
Wednesday, March 19, 2008
Tuesday, March 18, 2008
Phonix Trikes.
A video demonstrating the turning abilities of the Phonix Trike. These things are very cool looking. Really low!
Not sure if this Phoenix Trikes is the same company. They make VW based trikes similar to Bon Trikes.
A video demonstrating the turning abilities of the Phonix Trike. These things are very cool looking. Really low!
Not sure if this Phoenix Trikes is the same company. They make VW based trikes similar to Bon Trikes.
Excellent weird pushbikes:
Cool:
Tall!
Probably more practicle:
The Chinese have adopted electric bikes in huge numbers. Local legislators tried to hold this movement down without success. When a tide of millions of people all move one way it is impossible to stop.
This video shows a conversion of an inexpencive mountain bike into a plug in hyrid.
And off I surf :)
Cool:
Tall!
Probably more practicle:
The Chinese have adopted electric bikes in huge numbers. Local legislators tried to hold this movement down without success. When a tide of millions of people all move one way it is impossible to stop.
This video shows a conversion of an inexpencive mountain bike into a plug in hyrid.
And off I surf :)
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