Financial Rules of Thumb March 9, 2008
Posted by atharkhan in : Personal , add a commentI came across some cool math formulas to answer some common questions. Thought I would post them on here:
1) How many years will it take to double my money?
Divide the number 72 with your estimated annual rate of return. E.g. if you’re making 7.2% each year, it will take 10 years to double your money. At 12%, it will take only 6 years.
2) For every dollar spent today, what do I lose in retirement savings?
As a rule of thumb, multiply it by 10. The rule is based on an 8% rate of return over 30 years.
3) What do I need to earn in pre-tax money to buy what I want?
Multiply the cost by 1.4. The rule is based on a 28% tax rate.
4) What is my an hour of my time worth?
Divide your annual income by 2000. Or, you could take half your annual income and drop the last three zeros. This rule assumes a 40 hour work week with two weeks of vacations per year.
Can You Recommend an Efficient Windows Based Music Player? March 1, 2008
Posted by atharkhan in : Personal, Tech , add a commentI love iTunes on my Mac but it is a real resource hog on my Windows system.
Before I ever started using iTunes, I used to really like Winamp which was a very efficient (not very resource intensive) music player. I tried an open source Ogg Vorbis player for a while a few years ago as well.
Now, I am thinking about switching from iTunes to something more lightweight on my Windows system. Have you used Winamp recently? How does it compare to iTunes in terms of resource usage? Is there something out there that is even leaner?
