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Estate Planning

Peter was a single, ugly, pot bellied 45 years old guy living at home
with his father and working in the family business.

When he found out he was going to inherit a fortune when his sickly
father died, he decided he needed a wife with whom to share his fortune.

One evening at an estate planning & investment meeting he spotted the
most beautiful woman he had ever seen.

Her natural beauty took his breath away. “I may look like just an
ordinary man,” he said to her, “but in just a few years, my father will
die, and I’ll inherit 20 million dollars.”

Impressed, the woman obtained his home phone number and three days
later, she became his stepmother.

Women are so much better at estate planning than men.

My buddy Mark goes out for beer with some buddies each Friday and between them they figured out this:

If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00.

With Enron, you would have had $16.50 left of the original $1000.00.

With WorldCom, you would have had less than $5.00 left.

If you had purchased $1000 of Delta Air Lines stock you would have $49.00 left.

However, if you had purchased $1,000.00 worth of beer/wine one year ago, drank all the beer/wine, then turned in the cans/bottles for the aluminum recycling REFUND, you would have had $214.00.

Based on the above, the best current investment advice is to drink heavily and recycle.

Now “You Decide” rightly scratched his head and took out a calculator when he read this. I’m not saying Mark’s buddies got their beer-blurred math right. I’m just saying…. well, I’m just just sayin’ sometimes it’s about the beer and the buddies, not the bucks. (ok, that was lame. I’m quitting this post and going back to my day job)

beer

Yikes. I’m not depressed, but you might assume so given the last few posts: Vancouver economy gets a D, weightloss motivated by the starving people in the world, Annie Lennox’s comments on money … it’s time for some fun!

Here’s two.

1. Need some extra money? Try busking! Wikihow will give you the need-to-knows of becoming a busker!

busking

(I think I pinched this link off another personal finance blogger – whoever you are, let me know, and I’ll give you the credit you deserve for discovering this very helpful ‘how to’!)

2. And one of Vancouver’s favourite bloggers, Miss604Miss 604 had a birthday last week … and (this just warms my money-coach heart) took advantage of all the Free Offers if It’s Your Birthday, around town (ranging from free breakfast at Denny’s, free lattes at Blenz, kinda sorta, to free supper at The Spaghetti Factory). So if you or someone you know has a birthday coming up, check out her Birthday Daytimer to find all the free stuff!

Saturdays are usually case studies … but it’s nearly christmas so instead, here’s a last minute gift idea to help people save! (thanks, Amanda for pointing it out). If you don’t save enough, see what it does …

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