Paul Nervy Notes
“Jokes, poems, stories, and a lot of philosophy, psychology, and sociology.”

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Economics, individual.  ---  .This section is about some of the economic concepts used by individual persons.  ---  11/13/2005

Economics, individual.  ---  .This section is about the economics of individual persons.  Topics include: ( ) Earn.  ( )  Invest.  ( ) Save.  ( ) Spend.  ( ) Stuff.  ---  1/24/2006

Economics, individual.  ---  (1) Input: work, part-time jobs, gifts.  (2) Output.  ---  12/30/1992

Economics, individual.  ---  (1) Money: how much money do you need to maintain individuality, independence, spirit, mind, soul, health, etc?  (2) Stuff: how much stuff do you need and what kind stuff do you need?  ---  12/30/1992

Economics, individual.  ---  Areas.  Money and stuff.  Home life and work life.  Factors and variable of each.  ---  12/30/1992

Economics, individual.  ---  Big factors.  (1) Long vs. short term views.  (2) Liberal vs. conservative.  (3) Rational vs. irrational.  (4) Rule breakers vs. rule followers.  ---  12/30/1992

Economics, individual.  ---  Budgets and schedules.  (1) Budgets.  Master budget and sub-budgets.  Plan and evaluate.  Total and for each element.  (2) Schedules.  Master schedule and sub-schedules.  Plan and evaluate.  Total and for each element.  ---  12/30/1992

Economics, individual.  ---  Budgets for resources: money, materials, time, energy.  ---  12/30/1992

Economics, individual.  ---  Budgets: resources have vs. can get vs. how use.  Schedules: when use.  ---  12/30/1992

Economics, individual.  ---  Budgets.  (1) Planning budgets: planning contingencies.  Before, and after taxes (depends on bracket).  (2) Control budgets: actual performance, for control.  Earn, save, spend.  ---  12/30/1992

Economics, individual.  ---  Budgets.  (1) Planning.  (A) Aimed for plans (forecasted, predicted).  (B) Contingency plans.  (2) Actual performance.  ---  12/30/1992

Economics, individual.  ---  Budgets.  The spread sheets.  Day, week, month, year, life.  Earn, spend, save.  ---  12/30/1992

Economics, individual.  ---  Can earnings be increased?  Can taxes be reduced?  Can savings be increased?  Can return on savings through investment be increased?  ---  06/30/1997

Economics, individual.  ---  Charity.  5% or 10%?  Before or after tax?  Before or after expenses?  After investment revenue?  ---  07/11/1997

Economics, individual.  ---  Choices, strategies.  What kind of lifestyle do I want and why vs. what kind of lifestyle can I get and how?  ---  12/30/1992

Economics, individual.  ---  Choices.  How early retire vs. things you can only do when you are young.  By x age.  ---  12/30/1992

Economics, individual.  ---  Choices.  How much money need to maintain or get x lifestyle?  ---  12/30/1992

Economics, individual.  ---  Choices.  Mistakes.  Spend (enjoy) now vs. later.  Save (cheap) now vs. later.  Work (beaver) now vs. later.  ---  12/30/1992

Economics, individual.  ---  Choices.  Running your life: techniques for living.  Home, work, like/lust.  ---  12/30/1992

Economics, individual.  ---  Choices.  What standard of living do you want vs. can you get?  What are you willing to do for it, and not?  What you have to do to get it, and don't.  ---  12/30/1992

Economics, individual.  ---  Earn.  (1) Pay scales.  35 and 40 hour weeks, before and after taxes.  Per hour, week, year.  (2) Saving scales: amount set aside, rate of interest, number of years save.  ---  01/01/1993

Economics, individual.  ---  Earn.  See work.  (1) How much earn?  (2) How much time/energy (physical, mental) to spend earning it?  (3) How to earn it?  ---  12/30/1992

Economics, individual.  ---  If all you think about is personal finance, then you are doing yourself a disservice.  Personal finance is important but its not everything.  Too much attention is paid, by the media and the public, to the subject of personal finance.  There is more to life than the personal.  There is more to life than finance.  Constant talk about stock and bonds, taxes, insurance, real estate and mortgages, interest rates on loans, its all some people think about.  People have forgotten everything else.  ---  5/24/2006

Economics, individual.  ---  Invest.  (1) Want an return on investment of at least 10%, because inflation at 5% will negate a 5% interest rate.  (2) At 5% real interest, investing $1000 per year, your money doubles in 30 years to 60K (this is matching inflation rate).  At 10% you get 120K (actual return after inflation is 5%).  If you don't earn any interest (money in mattress strategy) you lose half your money to inflation.  (3) If you save 10K for 30 years and make 10% interest (5% real) you will have 600,000 (actually worth 300,000).  Then you start taking out 30,000 a year, while it still is earning interest, and it will last 20 years or so.  (4) If you save 400 per month, that is 10K per year.  ---  06/30/1997

Economics, individual.  ---  Invest.  If inflation increases at 4% a year, and you survive at $1000 a month today, and you will retire in 40 years at age 60, how much will you need to live the 20 years from 60 to 80?  At what rate can you save it?  ---  12/30/1992

Economics, individual.  ---  Invest.  The cushion: create a 5 to 10 grand emergency fund by savings or investments of one to two grand a year.  ---  12/30/1992

Economics, individual.  ---  Invest.  Things for the individual investor to know.  How to pick them, how get them, how use them.  Risks vs. return.  Muni bonds, stocks, options, commodities, government bonds, pension plan, mutual funds.  ---  12/30/1992

Economics, individual.  ---  Money metaphors.  Squirrel saving for winter.  Farmer growing his money yield.  Nest egg (see Albert Brook's "Lost in America").  ---  06/30/1997

Economics, individual.  ---  Money vs. stuff.  Work vs. leisure.  Invest, save, spend.  ---  12/30/1992

Economics, individual.  ---  Money: earn, save, spend.  Earn: how, how much.  Save: how, how much.  Spend: how much, on what, necessities, luxuries.  ---  12/30/1992

Economics, individual.  ---  My master plan: including budgets and schedules.  My welfare goals, and relationships to other goals.  ---  12/30/1992

Economics, individual.  ---  Past, present, future.  Financial history, financial condition at present, and financial plans.  ---  12/30/1992

Economics, individual.  ---  Personal management.  Goals, objectives.  Plans, strategies and tactics.  ---  12/30/1992

Economics, individual.  ---  Philanthropy.  (1) Underfunded philanthropic causes:  Psychological health.  Education via Internet.  Zero population growth efforts.  Worldwide anything.  Third world anything.  (2) Fully funded or overfunded philanthropic causes:  USA anything.  Rare diseases not easily cured.  Religious organizations.  ---  7/18/1998

Economics, individual.  ---  Rigid: follow plans exactly, track every cent vs. loose: changing, spur of moment, spontaneous, free, don't track or plan.  ---  12/30/1992

Economics, individual.  ---  Run personal life like business and government.  ---  12/30/1992

Economics, individual.  ---  Save.  (1) Savings plan.  (2) How much save?  Need x amount by y age to last z years more.  (3) Save for what: retirement, medical, car, rent.  ---  12/30/1992

Economics, individual.  ---  Savings with interest rates over years.  X dollars per year, for y years, at z interest rate, will give how much money total, and will last x years in y point in the future given z lifestyle.  ---  12/30/1992

Economics, individual.  ---  Social Security is in jeopardy and cannot be relied upon.  Pension plans are in jeopardy and cannot be relied upon.  The stock market is in jeopardy and cannot be relied upon.  Many people are having few or no children and thus they have no children to rely upon.  So what are we to do?  Keep working till we are 130.  ---  1/22/2002

Economics, individual.  ---  Social security, welfare, unemployment, disability.  Knowledge about government operations needed as an individual.  ---  12/30/1992

Economics, individual.  ---  Spend.  (1) Cost to buy, use, maintain, repair.  (2) Costs vs. benefits.  (3) How long it lasts.  (4) Criticism, value analysis.  (5) Wants: needs vs. luxuries.  ---  12/30/1992

Economics, individual.  ---  Spend.  Spend on: clothes, women, tapes, books, notes, food, phone.  ---  12/30/1992

Economics, individual.  ---  Spend.  Spending a lot vs. a little.  Spending on crap vs. quality.  ---  12/30/1992

Economics, individual.  ---  Spend.  Time and energy and money to replace.  Degree replaceable (rarity).  ---  12/30/1992

Economics, individual.  ---  Stingy (save lot, spend little) vs. generous (save little, spend lot).  ---  12/30/1992

Economics, individual.  ---  Stuff I own, owned, and want to own (list).  Utility value, trade value, and irreplaceableness.  ---  12/30/1992

Economics, individual.  ---  Stuff lists: Stuff I have.  Stuff to get.  Stuff to get rid of.  ---  12/30/1992

Economics, individual.  ---  Stuff: how much of what to get and why?  ---  12/30/1992

Economics, individual.  ---  Stuff.  (1) Had, have, get, get rid of.  (2) Care and maintenance.  (3) Used up, how much left, how long lasts.  (4) What own, how much own.  (5) Make, steal, borrow, buy, get.  (6) Got, get, keep, get rid of.  (7) Maintain, preserve, repair, use, abuse, destroy.  What, how, how often.  ---  12/30/1992

Economics, individual.  ---  Stuff.  (1) Stuff every person should own.  Books every person should own.  Radio-cassette recorder.  Artwork.  (2) Stuff every community should own.  Books every library should have.  ---  12/30/1992

Economics, individual.  ---  Stuff.  Expenses per year for:  Clothes.  Rent.  Phone.  Food.  Transportation.  ---  11/20/1993

Economics, individual.  ---  Stuff.  Survival necessities vs. growth necessities vs. cultural necessities (need to get along).  ---  12/30/1992

Economics, individual.  ---  Taxes, social security, unemployment, welfare, insurance, medicaid, medicare.  ---  12/30/1992

Economics, individual.  ---  The factors involved are money, stuff, environment and lifestyle (activities).  Environment includes the people who you pursue and avoid.  ---  10/4/1999

Economics, individual.  ---  The motto: less stuff and money.  More love and information and free time.  Too much emphasis is placed on the former in modern western society.  Not enough emphasis is places on the latter in modern western society.  ---  10/4/1999

Economics, individual.  ---  The way to make money is to (1) Save more.  Consistently save.  Do not dip into your savings.  (Ex. Always have a good health plan.)  (2) Earn more.  Get a good career path going in a high paying area.  You can only lower your expenses so much.  You can only save so much at a given income level.  ---  06/30/1997

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Paul Nervy Notes. Copyright 1988-2007 by Paul Nervy.