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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm only spending roughly half of what I earn; should I spend more? ### Answer: I have an idea. Keep saving what you are and think "Early Retirement". Work for 20 years, then do whatever you want 40...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm only spending roughly half of what I earn; should I spend more? ### Answer: Apart from what the other posters have said, you could look at some 'good cause'. I'd keep on saving 50% as spending mor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm only spending roughly half of what I earn; should I spend more? ### Answer: I use to think there was something wrong with me because I always hated spending money. This hatred of spending resulte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm only spending roughly half of what I earn; should I spend more? ### Answer: The suggestions towards retirement and emergency savings outlined by the other posters are absolute must-dos. The donat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm only spending roughly half of what I earn; should I spend more? ### Answer: Keep saving or investing, but set aside a relatively modest amount for "fun money". That way, you can go have a good tim...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm only spending roughly half of what I earn; should I spend more? ### Answer: Aside from what everyone else has said about your money (saving, investing, etc.), I'd like to comment on what else you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm only spending roughly half of what I earn; should I spend more? ### Answer: Your Money or Your Life is a great book on this topic. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm only spending roughly half of what I earn; should I spend more? ### Answer: Looks like you don't want to participate in the consumerist rush but feel that you just have to do that too. First of al...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find cheaper alternatives to a traditional home telephone line? ### Answer: Cheapest is one thing. You can absolutely shop in the market and find the lowest possible price. I can think of thr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find cheaper alternatives to a traditional home telephone line? ### Answer: How low you can reduce your costs does depend on your calling pattern. How many minutes per month you call locally; ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find cheaper alternatives to a traditional home telephone line? ### Answer: Try to use VOIP service provider or web enabled conference calling services in your home phone. Now a days communicat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does cash back apply to online payments with credit card ### Answer: Retail purchases are purchases made at retail, i.e.: as a consumer/individual customer. That would include any "standard" individua...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any banks in Europe that I can have an account without being in that country? ### Answer: Opening account in foreign bank is possible, but you must have strong proofs you use it for legitima...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any banks in Europe that I can have an account without being in that country? ### Answer: It can be done, but I believe it would be impractical for most people - i.e., it would likely be che...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a way to monitor when executives or leaders in a company sell off large holdings? ### Answer: Exec Insiders have to file with the SEC and some sites like secform4.com track it. But many insid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a way to monitor when executives or leaders in a company sell off large holdings? ### Answer: SEC Form 3 and SEC Form 4 are filed when insiders make share/derivatives acquisitions, transfers,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the breakdown of a loan repayment into principal and interest of any importance? ### Answer: The breakdown between how much of your payment is going toward principal and interest is very import...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the breakdown of a loan repayment into principal and interest of any importance? ### Answer: It's important because it shows that the amount you owe does not decrease linearly with each payment...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the breakdown of a loan repayment into principal and interest of any importance? ### Answer: Yes, the distinction between how your funds are applied to principal vs interest is very important. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the breakdown of a loan repayment into principal and interest of any importance? ### Answer: The other answers have touched on amortization, early payment, computation of interest, etc, which a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the breakdown of a loan repayment into principal and interest of any importance? ### Answer: It's important because you may be able to reduce the total amount of interest paid (by paying the lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the breakdown of a loan repayment into principal and interest of any importance? ### Answer: The reason it's broken out is very specific: this is showing you how much interest accrued during th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: nan ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: In the case of reward cards, different cards may offer different rewards for different kind of purchases. For example, in the UK, one...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: Another reason is that the amount of unused credit you have is a positive factor on your credit score. It's generally easier to open...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: A friend of mine has two credit cards. He has specifically arranged with the card issuers so that the billing cycles are 15 days out...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: I have a fair number of cards floating around some reasons I have opened multiple accounts. I am not saying that it is for everyone b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: Many reasons mentioned already. The reason why I have multiple is missing: I have a personal card for my private use and a company ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: Another good reason: if you have to replace a card due to damage, loss, or identity theft it's nice to have a backup you can use unti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: nan ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: 3 reasons I can think of: I once worked for a bank and when credit scoring for loans, if you had been approved by different instituti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: 1- To max out rewards. I have 5 different credit cards, one gives me 5% back on gas, another on groceries, another on Amazon, another...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: I keep one card just for monthly bills (power company,car loan, etc.). This one is unlikely to get hacked so I won't have to go chan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: Someone mentioned sign up bonuses but only mentioned dollar values. You might get points, sweet, sweet airline points :) which some m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: I got a Capital One credit card because they don't charge a fee for transactions in foreign currencies. So I only use it when I trave...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: There is almost no reason to get a second credit card - this is a very good arrangement for your creditor but not for you. Credit car...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy and sell stock at specific earnings ### Answer: Enjoy the free trades as long as they last, and take advantage of it since this is no longer functionally a tax on your potential profits. On a sid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why must identification be provided when purchasing a money order? ### Answer: The Bank Secrecy Act of 1970 requires that banks assist the U.S. Gov't in identifying and preventing money laundering. Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the financial advantages of living in Switzerland? ### Answer: The cost of living is quite high in New York City. It has the highest CPI (Consumer Price Index) of any city in the U.S. Salar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the financial advantages of living in Switzerland? ### Answer: In addition to what George said, there are other things that probably benefit Switzerland: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the financial advantages of living in Switzerland? ### Answer: Switzerland was once known for its high regard for private property rights. Recently it is has started to violate those rights ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the financial advantages of living in Switzerland? ### Answer: Some of the advantages of Switzerland: Not everything is about money. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the financial advantages of living in Switzerland? ### Answer: The lake is beautiful. The Swiss people are really good educated The companies want to be a part of these great reputation. We h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the financial advantages of living in Switzerland? ### Answer: Companies, especially big ones, find in Switzerland a business-friendly environment and often benefit from a special tax regime....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the financial advantages of living in Switzerland? ### Answer: As per Wikipedia of right now, here are unemployment figures for Switzerland and surrounding countries: Liechtenstein, unfortuna...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purpose of having good credit when you are well-off? ### Answer: Your dad may have paid an "opportunity cost" for that outright purchase. If the money he saved had been invested elsewhere, he may hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purpose of having good credit when you are well-off? ### Answer: Credit scores, or at least components of them, can sometimes factor into how much you pay for car insurance. Source: Consumer Reports: ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purpose of having good credit when you are well-off? ### Answer: Because even if you won the lottery, without at least some credit history you will have trouble renting cars and hotel rooms. I learned...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purpose of having good credit when you are well-off? ### Answer: A $250K earner might have $4M in retirement savings and $500K in available funds, but doesn't wish to spend all his liquidity on the ho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purpose of having good credit when you are well-off? ### Answer: People just love becoming more well-off than they currently are, and one of the ways they do it is with leverage. Leverage requires cre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purpose of having good credit when you are well-off? ### Answer: Credit in general having no significant change between an income level or net worth is due to the economic reciprocity principle inhere...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purpose of having good credit when you are well-off? ### Answer: I have never had a credit card and have been able to function perfectly well without one for 30 years. I borrowed money twice, once for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purpose of having good credit when you are well-off? ### Answer: there are several reasons you might want good credit even if you could afford to pay for all your expenses in cash. having pointed out ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purpose of having good credit when you are well-off? ### Answer: Credit is very important even if you are wealthy. One thing you may not realize is that rich people typically have comparatively little...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay with cash when car shopping? ### Answer: I have in the last few years purchased several used cars from dealers. They have handled it two different ways. They accepted a small check ~$1,000 ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay with cash when car shopping? ### Answer: You could write a personal check after the final price has been set and you're ready to purchase. Another option would be to get the final price - t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay with cash when car shopping? ### Answer: I usually get a cashiers check to cover about 90% - 95% of the expected amount (whatever I think is just below my wet-dream-price), and bring the re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay with cash when car shopping? ### Answer: When you pay cash for a car, you don't always necessarily need to pay cash. You just aren't using credit or a loan is all. A few options you have ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay with cash when car shopping? ### Answer: You can pay with a cashiers check or personal check. You can even pay cash, or combine payment methods. However, in the USA if you give the dealersh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay with cash when car shopping? ### Answer: Ask the dealer to drive to the bank with you, if they really want cash. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay with cash when car shopping? ### Answer: The very first time I bought a new car I wrote out a personal check for $5000 (this was a looong time ago!). And got a call from the sales person t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: First off, I highly recommend the book Get a Financial Life. The basics of personal finance and money managemen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: First I'd like to echo msemack's answer. Start by maxing out your 401K and IRA contributions. Not a lot of peopl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: First, congratulations on even thinking about investing while you are still young! Before you start investing, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: Not 100% related, but the #1 thing you need to avoid is CREDIT CARD DEBT. Trust me on this one. I'm 31, and fin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: Warren Buffett answered this question very well at the 2009 Berkshire Hathaway annual meeting. He said that it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: The most important thing is to start. Don't waste months and years trying to figure out the "optimal" strategy ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: I would personally suggest owning Mutual Funds or ETF's in a tax sheltered account, such as a 401k or an IRA, es...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: This is a tough question, because it is something very specific to your situation and finances. I personally sta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: If your employer offers a 401(k) match, definitely take advantage of it. It's free money, so take advantage of i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: Adding to the very good advises above - Concentrate on costs related to investment activity. Note all expenses a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: When you start to buy stock, don't buy too little of it! Stocks come at a cost (you pay a commission), and you n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: I tell you how I started as an investor: read the writings of probably the best investor of the history and beco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: Conventional wisdom says (100-age) percentage of your saving should go to Equity and (age) percentage should go ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: I started my career over 10 years ago and I work in the financial sector. As a young person from a working class...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Foreign company incorporated in US and W9 ### Answer: According to the W9 instructions you are considered a U.S. person if: According to the following section, it looks like a C corporation may be eas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What special considerations need to be made for a US citizen who wishes to purchase a house in Canada? ### Answer: About deducting mortgage interest: No, you can not deduct it unless it is qualified m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What effect would a company delisting from the LSE to move to china have on shareholders? ### Answer: Source Rule 41 of the AIM Rules sets out the procedure for delisting. In summary, a company that w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What effect would a company delisting from the LSE to move to china have on shareholders? ### Answer: You would still be the legal owner of the shares, so you would almost certainly need to transfer t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long should I keep my tax documents, and why? ### Answer: How long you need to keep tax records will depend on jurisdiction. In general, if you discard records in a period of time less than your t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long should I keep my tax documents, and why? ### Answer: Unfortunately, my taxes tend to be complicated This. In and of itself, is a greater reason to keep the documents. The other answer offered...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are typical 401(k) plan fund choices so awful? ### Answer: 401k choices are awful because: The best remedy I have found is to roll over to an IRA when changing jobs. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are typical 401(k) plan fund choices so awful? ### Answer: I would point this out to the committee or other entity in charge of handling this at work. They do have a fiduciary responsibility for t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are typical 401(k) plan fund choices so awful? ### Answer: The managers of the 401(k) have to make their money somewhere. Either they'll make it from the employer, or from the employees via the e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are typical 401(k) plan fund choices so awful? ### Answer: To piggy back mbhunter's answer, the broker is going to find a way to make the amount of money they want, and either the employee or the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making higher payments on primary residence mortgage or rental? ### Answer: You're in the same situation I'm in (bought new house, didn't sell old house, now renting out old house). Assuming that ever...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making higher payments on primary residence mortgage or rental? ### Answer: I'll assume you live in the US for the start of my answer - Do you maximize your retirement savings at work, at least gettin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making higher payments on primary residence mortgage or rental? ### Answer: A lot depends on whether your mortgage payments are interest only or 'repayment' and what the remaining term is on each of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making higher payments on primary residence mortgage or rental? ### Answer: Pay down the lower balance on the rental property. Generally speaking, you are more likely to need/want to sell the rental h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making higher payments on primary residence mortgage or rental? ### Answer: One advantage of paying down your primary residence is that you can refinance it later for 10-15 years when the balance is l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do when a job offer is made but with a salary less than what was asked for? ### Answer: In my experience of doing software development for a little longer than I care to remember, salaries are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do when a job offer is made but with a salary less than what was asked for? ### Answer: What's relevant to whether you accept the offer should be the compensation package (including salary and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do when a job offer is made but with a salary less than what was asked for? ### Answer: If you take less than you think you are worth, you will hate that job with a purple passion in short ord...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do when a job offer is made but with a salary less than what was asked for? ### Answer: Not-very-serious companies always try to reduce your pretended salary. This also happens in Argentina. M...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do when a job offer is made but with a salary less than what was asked for? ### Answer: It depends on your situation. Take the job only if you really need the job and there's no job close to y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do when a job offer is made but with a salary less than what was asked for? ### Answer: What I do in those cases - assuming I like the job - is ask for a review in 3-months. They usually take ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock market vs. baseball card trading analogy ### Answer: Baseball cards don't pay dividends. But many profitable companies do just that, and those that don't could, some day. Profits & dividends is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock market vs. baseball card trading analogy ### Answer: The Bobs tend to show up at the top of bubbles, then disappear soon after. For example, your next door neighbor who talks about Oracle in 199...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock market vs. baseball card trading analogy ### Answer: Actually, this is a pretty good analogy to certain types of stocks, specifically tech and other "fad" stocks. Around the turn of the century,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: EIN for personal LLC: Is this an S-Corp? ### Answer: Having an EIN does not make the LLC a corporation -- your business can have an EIN even when treated like a sole proprietorship. An EIN is required...