Archive for March, 2005

Personal Finance – Three Timeless Wealth Concepts To Impart To Your Children

Tuesday, March 29th, 2005

Joel Teo asked:


Have you ever wondered why the rich get richer? Some say that it is because they can leverage on greater wealth in each successive generation. However for many, the real reason it that the rich teach their children financial skills that stay with them for life. These skills are then used with greater skill in each successive generation leading to a snowballing increase in wealth.

This article therefore highlights three wealth concepts that you may consider imparting to your children at an early age so as to give them a financial head start in life.

#Concept 1: Good debt and Bad Debt

Many people are drowning in debt today and on the flip side, some people stay away from debt as far as they can. A more balanced approach is needed. Debt is important in our economy as it is used to fund large projects. Thus, the key is to learn the difference between good debt and bad debt is the purpose for which it is used.

For instance, credit card debt is bad debt when used to purchase depreciating consumer products, while debt can be good debt if you can use it to purchase real estate and start getting a cash flow from the difference between the monthly rental proceeds and the monthly mortgage instalments. Thus teach your child how to use debt wisely.

#Concept 2: Cash Flow and Capital Appreciation

Many people cannot tell the difference between these two concepts. There are generally two types of financial instruments and some hybrids in between. Most financial instruments are capital appreciation instruments meaning that when the price goes up and someone buys from you when you sell the instrument, you make money. (e.g. stocks & shares) Thus the capital (the principal sum that you paid) has increased in value thus “Capital Appreciation”.

On the other hand there are instruments that give you a cash flow meaning a share of the profits. Examples include real estate investment trusts and other mineral rights trusts like oil trusts where you get a share of the monthly oil income. These instruments are great when you make a large enough sum from your capital appreciation type instruments and you park a portion of the money in them for monthly cash to actually use. Children should be taught this difference early in life so that they can start learning how the free economy works.

#Concept 3: Take Charge of your own money

Fund managers and analysts love to tout their own horns telling you about how they over performed the market. Actually, the fund managers earn money from managing your money. I.e. they either charge management fees or flipping charges and not whether your portfolio makes money or not. This means they can manage your money badly and still be paid.

Studies have shown that at the end of the day that many fund managers at the end of the day may fare no better than an individual in stock selection and giving rise to the report that monkeys throwing darts at random stocks on a dart board may actually fare better. Thus teach your children to start learning more about investing and take charge of your own finances and do your own investing.

In conclusion, teaching children about finance at a young age is great and in fact some of the brightest fund managers today talk about their parents and grandmothers analyzing stocks in front of them when they were small. Start teaching children young about managing their own finances and how to understand how the modern economy works and they will grow up better placed to handle the financial world out there.

Copyright © 2006 Joel Teo. All rights reserved. (You may publish this article in its entirety with the following author’s information with live links only.)



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2003 PDC World Darts Final John Part vs Phil Taylor – Part 1

Sunday, March 20th, 2005

theyhavecheese asked:


Highlights of the classic 2003 PDC World Darts Championship final between John Part and Phil Taylor.

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Important Exercise Principles

Friday, March 18th, 2005

Martin Kallak asked:


Below follows a description of some basic exercise principles that needs to be understood before effectively engaging in any exercise program.

The main forms of exercise dealt with here are:

Cardiovascular exercise

Strengt training

Sports-specific training

Three basic principles

In order to be specific in your exercise goals it is important to understand a little bit about how exercise affects various systems in your body . The next section intends to explain some of the main responses in your body to different form of exercise.

There are three basic principles that needs to be applied to any form of exercise in order to be successful

These three main principles are:

Specificity

Progression

Overload

Specificity

The specificity principle can be interpreted and applied in many different ways depending on what you want to improve ,specificity can apply to muscle groups,energy systems or specific movements or activities.

You can break down and apply the principle almost any way you like to fit your specific goals within and exercise program. However, in its simplest most general form specificity means that in order to get better at any type of skill or activity you need to perform that activity, this means that if you want to get better at swimming you need to swim,if you want to be a better runner you need to run, throwing darts you need to throw darts etc..

Overload

The principle of overload states that a greater than normal load is required if adaptation is to take place. The body will then adapt to the increased stimulus of the specific tissue or system we want to affect. When the body has adapted, a greater and/or different stimulus is required to continue the adaptation process. In order for a muscle (including the heart) to increase in strength, it must be gradually stressed by working against a load greater than it is accustomed to.

Progression

The principle of progression refers to the rate of which overload is applied. In principle there exists an optimal rate of which to apply overload to achieve optimal results. Overload should not be increased too slowly or improvement will not take place. In the event that overload is increased too rapidly it will result in injury or muscle damage and most certainly no improvement. For example, an athlete that exercises only sporadically and with too much overload violates both the principle of overload and the principle of progression and will not achieve good results.

As you can see, these three principles are highly interconnected and are reciprocally dependent on eachother. They also relate strongly to additional principles like those of adaptation and individual differences.

Aerobic and anaerobic exercise

Aerobic exercise is a term used to describe the forms of exercise that utilizes oxygen as the main source of energy. Aerobic exercises are generally speaking exercises of a cyclical and repetetive nature over a reatively long period time, such as jogging, cycling and swimming.

Aerobic exercise makes the heart work harder to pump the required amount of blood through the body at a faster rate. This is a direct response to the working tissues increased need for oxygen . As blood is pumped faster through the body it must also be reoxygenated at a higher rate, which is why respiration frequency will also increase.

Aerobic exercise strengthens the heart muscle and increase the vital capacity of your respiratory system. Low intensity aerobics include walking and swimming. Running, tennis and dance are examples of high intensity aerobics.

Anaerobic exercise on the other hand consists of short duration, high intensity activities, which last up to about 2 minutes. There are two types of anaerobic energy systems, the ATP energy system, which utilize creatine phosphate as the main energy source, and the anaerobic glycolysis system that use glycogen when oxygen is not present. Intense exercise that lasts up to 30 seconds mainly uses creatine phosphate as an energy source and from 30 seconds and onwards the glycolysis system takes over. glycogen is mainly derived from carbohydrates and glucose. Examples of anaerobic exercises include weigth lifting, sprint and other non-endurance exercise activities.

Cardiovascular Exercise

Cardiovascular exercise refer to exercises that target the cardiovascular system. These types of exercises are mainly aerobe. Examples of cardiovascular exercises are running,cycling and swimming

Strength training

Strengt training is a form of anaerob exercise that has the goal of increasing the strength of skeletal muscles. It can be utilized for both rehabilitation and fitness purposes as well as in sports specific training. In this section follows a basic description of som of the main principles of strength training.

Strength Training Principles:

There are three fundamental elements to a successful strength training program

Overload: To experience gains in strength the muscle must be loaded more than it is accustomed to.

Progression: The active muscle must work against a gradually increasing resistance in order to meet the overload.

Specificity: Gains in strength are dependent on the muscle group used, and movement pattern performed

Gains in strength are not necessarily due to increased muscle size or cross sectional area. This is particularly true in the very first phase of starting a new strength training program.

The changes that takes place in this very first phase is mainly due to the nervous system adapting to new stimuli. The centers of the brain controlling movement learns to recruit the neural pathways of the specific movement more efficiently. As a results increased strength and load-bearing capacity is achieved . The principle of specificity particularly applies in this respect.



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7 Ways To Build Your Self Esteem

Friday, March 18th, 2005

Paul Hata asked:


In life, its hard to stay tough specially when things and people around you keep pulling you down. When we get to the battle field, we should choose the right luggage to bring and armors to use, and pick those that are bullet proof. Along the battle, we will get hit and bruised. And wearing a bullet proof armor ideally means a self change – the kind of change which comes from within. Voluntarily. Armor or Self Change changes 3 things: our attitude, our behavior and our way of thinking.

Building self esteem will eventually lead to self improvement if we start to become responsible for who we are, what we have and what we do. Its like a flame that should gradually spread like a brush fire from inside and out. When we develop self esteem, we take control of our mission, values and discipline. Self esteem brings about self improvement, true assessment, and determination. So how do you start putting up the building blocks of self esteem? Be positive. Be contented and happy. Be appreciative. Never miss an opportunity to compliment. A positive way of living will help you build self esteem, your starter guide to self improvement.

So how do you stay calm, composed and maintain self esteem in a tough environment? Here are some tips you may to consider as a starter guide to self improvement.

Imagine yourself as a Dart Board. Everything and everyone else around you may become Dart Pins, at one point or another. These dart pins will destroy your self esteem and pull you down in ways you would not even remember. Do not let them destroy you, or get the best of you. So which dart pins should you avoid?

Dart Pin #1 : Negative Work Environment

Beware of dog eat dog theory where everyone else is fighting just to get ahead. This is where non-appreciative people usually thrive. No one will appreciate your contributions even if you miss lunch and dinner, and stay up late. Most of the time you get to work too much without getting help from people concerned. Stay out of this, it will ruin your self esteem. Competition is at stake anywhere. Be healthy enough to compete, but in a healthy competition that is.

Dart Pin #2: Other People’s Behavior

Bulldozers, brown nosers, gossipmongers, whiners, backstabbers, snipers, people walking wounded, controllers, naggers, complainers, exploders, patronizers, sluffers all these kinds of people will pose bad vibes for your self esteem, as well as to your self improvement scheme.

Dart Pin #3: Changing Environment

You cannnot be a green bug on a brown field. Changes challenge our paradigms. It tests our flexibility, adaptability and alters the way we think. Changes will make life difficult for awhile, it may cause stress but it will help us find ways to improve our selves. Change will be there forever, we must be susceptible to it.

Dart Pin #4: Past Experience

It is okay to cry and say ouch! when we experience pain. But do not let pain transform itself into fear. It might grab you by the tail and swing you around. Treat each failure and mistake as a lesson.

Dart Pin #5: Negative World View

Look at what you are looking at. Do not wrap yourself up with all the negativities of the world. In building self esteem, we must learn how to make the best out of worst situations.

Dart Pin #6: Determination Theory

The way you are and your behavioral traits is said to be a mixed end product of your inherited traits (genetics), your upbringing (psychic), and your environmental surroundings such as your spouse, the company, the economy or your circle of friends. You have your own identity. If your father is a failure, it does not mean you have to be a failure too. Learn from other people’s experience, so you will never have to encounter the same mistakes.

Dart Pin #7 : Negative Behavior

Sometimes, you may want to wonder if some people are born leaders or positive thinkers. NO. Being positive, and staying positive is a choice. Building self esteem and drawing lines for self improvement is a choice, not a rule or a talent. God would not come down from heaven and tell you, “George, you may now have the permission to build self esteem and improve your self.”



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Whats a good way to protect a wall from throwing darts?

Thursday, March 17th, 2005

area205 asked:


I’m renting a place right now and I want to make sure the wall does’nt get damaged while playing.

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Must one be a drunkard to play darts properly?

Monday, March 7th, 2005

Creature asked:


Since I’ve stopped drinking…I can’t hit a thing!

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how to make mini darts

Tuesday, March 1st, 2005

lyly200 asked:


funny video on how to make mini darts.

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