what is rule 72 ?

Do you know about rule 72 ? I recently came across the term when I was reading a book about investment property. If you're in accounting, the term would be familiar to you.

It's a simple way to count how long your money will double in value given the current interest. It's not a sure answer but gives a very good approximation.

So, if you want to know when that $100 in your bank account is going to be $200, then you will use this formula. It's just simply,

72
number of years needed = --------
interest

And for your $100, with the current interest of around 6%, it will be 12 years before your money double up.

This can also work with inflation, I think currently the inflation is around 3% (I THINK). That means your $100 in 24 years (72/3%) will only be worth $50. This concept is a bit harder to understand because the value of money decreases overtime.

So that's just a short lesson in Rule 72.

bring on the fat

I'd say thank God that I don't live in the States. Just have a look at what they've got on the menu.

This is from KFC. They called it the Famous Bowls. The content: a tub of mashed potatoes or rice, with yellow corn, fried chicken nuggets, gravy and three types of cheese.

This one belongs to Burger King (Hungry Jack's here in Oz). It's called a Quad Stacker. The content: four beef patties, cheese and bacon (NO vegetables or salad) squeezed into a bun.

Last but not least, who could resist two of your favourites....PANCAKES AND SAUSAGE ON A STICK. Very nice indeed and to top it all off, some cholocate chip. If you don't like the chocolate chip, I think they've got one with berries.

change of look

As you can see, it's a new design.....it's Blogger Beta and I'm still learning so please be patient with me if you see any hiccups here and there.

another store in VIC

Krispy Kreme has done it again. After opening a store in the city (Melbourne), they are now going to open the third store in Victoria and take a guess where are they going to open it........it's at Chaddy (Chadstone). Yes, that's right.....the shopping centre. Here is the news that came on my email today.

Big news for our Friends in Victoria! We're excited to announce that our third store is set to open at Chadstone Shopping Centre this November. Chadstone – the fashion capital has just become Chadstone – the Krispy Kapital

You'll be able to meet the Store Manager, Kylie and her team for a fresh espresso coffee and doughnut from 7:30am on Thursday 2 November. Don't forget, it's Spring Carnival time and the weather and the fashions are hotting up in Melbourne – call in for a Krispy Kreme Ice Kreme while you're shopping for your Melbourne Cup outfit. See you at Chadstone!

Chadstone Shopping Centre, 1341 Dandenong Road (Warrigal Rd entrance, located near bus stops)

red ipod nano

Apple has released a red iPod nano. They name is (PRODUCT) RED, don't know why. I am not sure whether it will be available in Australia, so far there is no word about it. It's the 4GB model and it's the same price with other 4GB model, US$199.

For every red nano that they sell, they will give $10 to the Global Fund to fight AIDS in Africa.

So, let's just hope that it will come to Australia soon. That way you can have another excuse to buy an ipod, charity (or you can persuade your parents with this excuse as well).

Jobs on Zune

This is what Apple's CEO got to say about Zune (the new Microsoft media player to compete with iPod).

- Are you worried about Zune ?

In a word, no. I've seen the demonstrations on the Internet about how you can find another person using a Zune and give them a song they can play three times. It takes forever. By the time you've gone through all that, the girl's got up and left! You're much better off to take one of your earbuds out and put it in her ear. Then you're connected with about two feet of headphone cable.

no more student discount on ipod

How sad.....