TANJOOBERRYMUTTS

 By the time you read through this you will understand "TANJOOBERRYMUTTS". And only then will you be ready to take on China! Believe me... you  WILL understand!!!

Here goes... The following is a telephonic exchange between  a Hotel guest & room-service in China ...

Room Service: "Morrin. Roon sirbees."

Guest: "Sorry, I thought I dialled room-service."

Room Service: "Rye, Roon sirbees... morrin! Joowish to oddor sunteen?"

Guest: "Uh... Yes, I'd like to order bacon & eggs."

Room Service: "Ow ulai den?"

Guest: " .......What?"

Room Service: "Ow ulai den?... Pryed, boyud, pochd?"

Guest: "Oh, the eggs! How do I like them? Sorry.. Scrambled, please."

Room Service: "Ow ulai dee bayken? Creepse?"

Guest: "Crisp will be fine."

Room Service: "Hokay. An sahn toes?"

Guest: "What?"

Room Service: "An toes. ulai sahn toes?"

Guest: "I.... Don't think so.."

RoomService: "No? Udo wan sahn toes?"

Guest: "I feel really bad about this, but I don't know what 'udo wan sahn toes' means."

RoomService: "Toes! Toes!... Why Uoo don wan toes?... Ow bow anglish moppin we botter?"

Guest: "Oh, English muffin!! I've got it! You were saying 'toast'... Fine...Yes, an English muffin will be fine."

RoomService: "We botter?"

Guest: "No, just put the botter on the side."

RoomService: "Wad?"

Guest: "I mean butter... Just put the butter on the side."

RoomService: "Copy?"

Guest: "Excuse me?"

Room Service: "Copy.. tea... meel?"

Guest: "Yes. Coffee, please... And that's everything."

Room Service: "One Minnie. Scramah egg, creepse bayken, Anglish moppin, we botter on sigh & copy... Rye?"

Guest: "Whatever you say."

Room Service: "Tanjooberrymutts."

Guest: "You're welcome"

Remember I did say "By the time you read through this... YOU WILL UNDERSTAND 'TANJOOBERRYMUTTS' 

Rule of 72

The rule of 72 is a handy rule used in finance to quickly estimate the number of years it takes to double a sum of capital given an annual interest rate, or to estimate the annual interest rate it takes to double a sum of money over a given number of years. The rule states that interest percentage times the number of years it takes to double a principal amount of money is approximately equal to 72.

If you divide the number 72 by the rate of interest, you get to know the number of years it will take for you to double the money 72: is sort of a magic number of personal finance, a.k.a known as the rule of 72 in personal finance parlance. All you need to do is a quick calculation (mentally if you know fifth grade math tables) and you can verify, if the cheeky agent is giving you hogwash.

Years: If you divide the number 72 by the rate of interest, you get to know the number of years it will take for you to double the money. For instance, if the rate of interest is 9%, simply divide the number 72 by 9% and the answer is eight. This is the number of years it will take to double your money if you invest it at 9% rate of interest.

Interest: This rule works in reverse order as well. Lets say, you know the number of years you want to double your money in and want to know the minimum rate of interest which you need to achieve that goal. So let's say, you have Rs 2.5 lakh today and need to fund your son's college education with Rs 5 lakh in five years. Just divide the number 72 by 5 and the answer is 14.41%. This shows that you will need to invest your money in an instrument  where you earn at least 14.4% as rate of interest, if you want to double the funds in five years.

Inflation: This rule also helps you understand a thing or two about inflation. It helps you calculate the amount of time it will take for inflation to make the real value of money half. So, lets say that the average inflation is 7%. When you divide 72 by 7, the answer is 10.28. So, if you have Rs 1 lakh in your kitty today, it would take around 10.28 year for the value of the money to be halved.

Keep in mind, that this is a rule of thumb and can be used to get a rough results on money related calculations. Now that you know a little more about the number 72 and its rule, use it while dealing with your agents for quick verification of facts.

P.S - Also note the heart beats 72 times in minute.

Bar Stool Economics

Economics for Dummies...

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100.  If they paid their bill the way we pay our taxes, it would go something like this: 

The first four men (the poorest) would pay nothing. 
The fifth would pay $1. 
The sixth would pay $3. 
The seventh would pay $7. 
The eighth would pay $12. 
The ninth would pay $18. 
The tenth man (the richest) would pay $59.

So, that's what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. He said, "Since you are all such good customers, I'm going to reduce the cost of your daily beer by $20. Drinks for the ten now cost just $80." 

The group still wanted to pay their bill the way we pay our taxes, so the first four men were unaffected. They would still drink for free. But what about the other six men -- the paying customers? 

How could they divide the $20 windfall so that everyone would get his "fair share"? They realized that $20 divided by six is $3.33. But if they subtracted that from every body's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay! 

And so: 
The fifth man, like the first four, now paid nothing (100% savings). 
The sixth now paid $2 instead of $3 (33% savings). 
The seventh now pay $5 instead of $7 (28%savings). 
The eighth now paid $9 instead of $12 (25% savings). 
The ninth now paid $14 instead of $18 (22% savings). 
The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings. "I only got a dollar out of the $20," declared the sixth man. He pointed to the tenth man, "but he got $10!" 

"Yeah, that's right,' exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got ten times more than I!" 

"That's true!!"shouted the seventh man. "Why should he get $10 back when I got only $2 ? The wealthy get all the breaks!" 

"Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!" 

The nine men surrounded the tenth and beat him up. The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and college professors, big ticket bankers and financers, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up any more. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier. 
And, where would you rather be?