On Fri, 2004-01-23 at 09:11, Bryan Murdock wrote: > On Thu, 2004-01-22 at 19:30, Andrew Jorgensen wrote: > > Hyrum Wright wrote: > > > > > So, I'm trying to determine the best way to blow my > > > as-of-yet-undetermined-amount of a tax return. > > > > I may be a little boring, but what about saving or investing it? I find > > that there's always a time during the year when I wish I had some money > > saved somewhere. > > Are you kidding? There's a reason the interest rates are low right now, > don't invest, spend spend spend, take out a loan and spend some more! > The economy needs you! ;)
Investing /is/ spending and helps the economy immensely. Saving is also spending because the money I put in the bank gets loaned back out to someone else who is more likely to "spend spend spend" than I am, or invested, which again allows someone else to spend it. The difference between spending and saving / investing is that when you spend you get a liability in return (some object that costs you money to keep or at least doesn't make you any more money), but when you save / invest you get an asset in return (something that makes you more money). Unless the interest rate on your savings account is less than the rate of inflation. I didn't suggest hiding it under a mattress. ;-) -- Andrew Jorgensen ____________________ BYU Unix Users Group http://uug.byu.edu/ ___________________________________________________________________ List Info: http://uug.byu.edu/cgi-bin/mailman/listinfo/uug-list
