tag:blogger.com,1999:blog-38961620637404386562024-03-05T07:27:57.344-08:00JJ's Personal Finance and Productivity HacksInvestment strategies, personal finance tips, and other life hacks delivered in plain language for the rest of the population.JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.comBlogger33125tag:blogger.com,1999:blog-3896162063740438656.post-54810305481151418542015-01-31T18:47:00.004-08:002015-01-31T18:47:21.944-08:00New SiteI'll no longer be updating this site. Please visit www.optimizemyself.com to continue to receive updates!JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-91242787148880654832014-07-01T22:00:00.001-07:002014-07-01T22:00:08.902-07:00If you're stuck with useless Vanilla Visa cards, try Evolve Money.Last week, I discovered that <a href="http://jjfinancehacks.blogspot.com/2014/06/no-more-loading-vanilla-visa-cards-to.html">Vanilla Visa debit cards can no longer be loaded at Walmart Money Centers</a> anymore. If you're familiar with Bluebird and have money "stuck" because you bought a Vanilla Visa card without knowing these new rules, you might be able to salvage the balance on it by paying some bills using <a href="http://www.evolvemoney.com/">Evolve Money</a>.<br />
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Some rules and differences between Evolve and Bluebird:<br />
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<ul>
<li>You can only pay the payees listed in their system (usually Utility and Mortgage companies with very few Credit Card issuers.)</li>
<li>You can only pay $1000 to a single payee every day and no more than 4 times to the same payee every month.</li>
<li>You pay directly with your debit card instead of loading money onto it at a Walmart Money Center.</li>
</ul>
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Some important points to keep in mind about paying your mortgage with Evolve:</div>
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<ul>
<li>If using $500 gift cards, you will not be able to use this method to pay a mortgage with a minimum monthly payment over $2000.</li>
<li>You will be making partial payments of up to $500 at a time and up to $1000 in a day. Unless your mortgage payment is under $500, this may cause misunderstanding with your mortgage holder.</li>
<li>Assuming they're listed as a valid payee in Evolve, make sure you contact your mortgage issuer and they understand that you will not be paying the minimum payment in a single transaction. Otherwise, they might count the partial payments towards your principal instead of the monthly payment!</li>
</ul>
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Overall, I still think Evolve is a bit more of a hassle than Bluebird as long as you avoid Vanilla Visa cards from now on. As of yesterday, <a href="http://jjfinancehacks.blogspot.com/2014/06/no-more-loading-vanilla-visa-cards-to.html">I still had no problems purchasing a US Bank card and transferring it at Walmart</a>, but if past experience is any indication, the days are numbered for this method as well.</div>
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JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-68962821887780439552014-06-24T12:43:00.003-07:002014-06-24T12:43:33.202-07:00No more loading Vanilla Visa Cards to Bluebird at WalmartI've been out of the Credit Card rewards game for about a month, and much has changed in that small time frame.<br />
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So I got my Wells Fargo Propel card in the mail (40,000 points for spending $3000 in the first 3 months) and proceeded to buy a $500 Vanilla Visa Card from my local drugstore. I went to Walmart and could not transfer it using their Moneycenter machines. I went to the clerk and asked for a Bluebird reload and same thing.. the clerk said it can only be used as a Credit Card (which is not a valid way to load Bluebird cards.) Thinking it was a glitch at my local Walmart, I tried another location a few miles away. Same thing.<br />
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Since I haven't been following news regarding credit card rewards, I decided to check on MillionMileSecrets and found that <a href="http://millionmilesecrets.com/2014/06/23/you-can-no-longer-load-vanilla-visa-cards-to-bluebird-at-walmart/">Walmart has disabled Vanilla Visa cards from reloading Bluebird.</a> So I was left with a $500 prepaid debit card to spend down. Oh well, my total loss from this experience was just the $4.95 activation fee and 2 hours of my afternoon.<br />
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It seems, as of 6/23/2014, prepaid VISA cards issued by US Bank and Metabank are still accepted at Walmart Moneycenters for reloading Bluebirds. (<a href="http://jjfinancehacks.blogspot.com/2014/05/how-to-earn-at-least-25-cash-back-using.html">In an earlier post</a>, I talked about earning 2.5% effective rewards after fees by buying gift cards at Staples with the Chase Business Cards.. I think those are issued by Metabank.)<br />
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Later, after reading the blog post, I went to <a href="http://www.ralphs.com/">Ralphs </a>and purchased one of their $500 gift cards issued by US Bank (I double-checked the back and was absolutely sure before making the purchase.) I was able to load my Bluebird with that card at Walmart without any issues. Note that a pin is preassigned to these gift cards and the fee is $5.95 instead of $4.95 for Vanilla Visas. Also if you don't have Ralphs in your area, try a <a href="http://www.kroger.com/">Krogers</a>.<br />
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<br />JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-13497064554091531892014-06-17T08:56:00.003-07:002014-06-17T08:56:42.016-07:00Checkout 51: A Convenient Way to Coupon with your SmartphoneI just discovered this app, <a href="http://www.checkout51.com/">Checkout 51</a>, which has coupons (typically for $0.25 - $1.00) for a variety of items that change periodically (typically once a week.) They have the usual suspects like eggs, milk, butter, crackers, ramen noodles, etc. plus other random items (Swiftjet pads, orange juice, air fresheners, etc.) While, I'm not a fan of couponing in general, I tend to favor the model that Checkout 51 uses.. specifically:<br />
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<ul>
<li>No clipping or printing of coupons. Just open the app and see if the item you bought has a coupon.</li>
<li>Simply scan the receipt and select the coupon you want to redeem.</li>
<li>There are no limits to which stores you must shop and it doesn't matter if the store doesn't accept coupons. Sometimes the coupons aren't brand specific (i.e. any milk, any yogurt, etc.)</li>
<li>When you accumulate $20, you can redeem your rewards via a check in the mail.</li>
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I must say that the selection is a bit limited but there's usually a coupon for at least one brand-neutral item that most of us buy on a daily basis like milk, bread, or eggs. If you're into couponing or free money, it's still hard justifying not passing up on such deals.</div>
JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-26954612633870808752014-06-11T17:57:00.000-07:002014-06-11T17:57:47.197-07:00Tiny Tower: A game that actually improves your productivity (hopefully)<div dir="ltr">
I downloaded and installed this game called <a href="https://play.google.com/store/apps/details?id=com.mobage.ww.a560.tinytower_android">Tiny Tower</a>. You start with a lowly tower of 1 floor and aspire to build 100+ floors. Each floor can be designated as residential or commercial. People can move into your residential floors (up to 5 per floor) and can find jobs on the commercial floors (up to 3 employees per floor.) The commercial floors sell products and you collect the revenues. When you've made a decent amount of cash, you can build another floor, and each subsequent floor costs more money and takes more time to complete.</div>
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When I first started playing this game, I was quickly addicted but also found the pace a bit too slow. Floors can take days to complete and many commercial floors will require many hours before the products they're selling are fully stocked. It turns out, this pacing mechanism makes this game perfect for a 3-5 minute break from work. Sure, you may be hooked to this game but there's not that much to do each time you log in other than to reopen businesses, restock floors, check the status of your new floors and cash reserves, etc. A short play session can easily be squeezed into your breaks if using the <a href="http://jjfinancehacks.blogspot.com/2014/03/pomodoro-technique-guard-your-time.html">Pomodoro Technique</a>.</div>
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Try it out and you'll know what I mean. If you love business simulation games like Farmville or the classic, Sim City, then you'll definitely love Tiny Tower.</div>
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JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-44447860851996606092014-06-06T20:50:00.001-07:002014-06-06T20:50:56.528-07:00Antifragility: Things that become more robust under duress<b><u>Fragility</u></b><br />
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Picture an egg. If you drop it on the floor, it will break easily. That is an example of something that is fragile. Now think of something that's the opposite of fragile. You might think of objects like rocks, metal, pieces of wood, etc. These objects will break but break to a lesser extent than an egg when dropped. This is the definition of <b>robust, </b>not fragile.<br />
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<b>Antifragility</b><br />
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Antifragility, as defined by Nassim Taleb in the book with the same title, is a property of objects that become stronger when subjected to stress, disorder, etc. In the next few posts, I'll give further examples of antifragility and how it can improve your investment portfolio.JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-44902596201216571792014-06-03T21:14:00.004-07:002014-06-03T21:14:48.397-07:00What's the point of retiring early? I'd be bored out of my mind!We read about people who have retired early in their 40s or even their 30s, but for many of us, we reject this route for a simple reason: we think retiring early means we need to spend the next 10 or so years skimping and saving just to quit our jobs and sit around doing nothing for the rest of our lives. If this is the only option in retirement, then I would not want to retire either no matter how much I hated my job. At least working would give me the structure and drive to get up every morning and keep my body and brain in shape.<br />
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Here's another way to look at it: instead of thinking of it as "retiring early", think of it as "financial independence" instead. Financial independence means you have enough assets to create a self-sustaining investment portfolio that will provide sufficient after-tax real returns to fund your living expenses indefinitely. It's possible using a simple portfolio of stocks, bonds, and hard assets like gold or real estate. A rule of thumb is you'll need 25 times your annual spending invested in such a portfolio.<br />
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The main point of financial independence is that it gives you the freedom to live your life according to your terms. Want to find a job doing what you love instead of what pays the bills? You can now! Want to try out a new career that you dreamed of when you were a kid but opted out of when you chose your major in college? You can now! Want to volunteer and help underprivileged kids in Africa? You can now! The possibilities are endless when you've cut your expenses and/or accumulated enough assets where they will last indefinitely. I'll explore ways to invest and reach this goal in my later posts, so stay tuned!JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com1tag:blogger.com,1999:blog-3896162063740438656.post-76465558397379141932014-05-30T22:35:00.002-07:002014-05-30T22:35:13.825-07:00Myth: Travel to Europe is ExpensiveOK, travel to Europe is definitely not cheap but for many, the idea conjures up luxurious vacations that only the privileged few can afford. I studied abroad in Europe back in 2008 and will offer some tips here that will hopefully put traveling to Europe within reach for the average American.<br />
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<b>The Plane Ticket</b><br />
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Ideally, you'd want to use <a href="http://jjfinancehacks.blogspot.com/2014/04/the-8020-of-credit-card-rewards-sign-in.html">Credit Card rewards</a> or Airline Miles to purchase it for little/no cost. However, if you are traveling on short notice or during major holidays, it may not be easy to redeem your rewards for seats. In that case, it's best to look at <a href="http://www.kayak.com/">Kayak</a>, <a href="http://www.orbitz.com/">Orbitz</a>, or other travel sites to find the cheapest tickets. <a href="http://priceline.com/">Priceline.com</a> is another option if you still have plenty of time before your target departure date but Credit Card rewards are not a viable option.<br />
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<b>Foreign Exchange</b><br />
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Please don't be one of those idiotic tourists who simply exchanges all of his dollars for Euros or other currencies at the Airport, Train Station, or other location where tourists gather! Get a VISA debit card from your local bank if you don't already have one and notify them you'll be traveling to Europe and using the card there to withdraw cash. They may charge ATM or even Foreign Exchange fees but it'll still cost you less than paying the scam-like spreads at most foreign exchange dealers and banks.<br />
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Get a credit card that doesn't charge any foreign exchange fees. <a href="http://www.capitalone.com/">CapitalONE </a>has several cards of that type but lately, many other Credit Card companies have also been following suit. You should always try to pay with your Credit Card first and resort to Cash last.<br />
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Although I frown upon exchanging dollars for local currency, it's still best to bring a few hundred dollars as a hedge in case something happens to your ATM and credit cards. If you've traveled abroad previously, bring the local currencies from the other countries you've traveled to and exchange that directly for Euros; keep any Euros you have left after your trip so you can exchange them on your next overseas trip; since each time you exchange money, you'll pay fees and the forex spread, it's best to minimize this.<br />
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Beware of pickpockets! Although Europe is safer than the US on average, pickpocketing is likely more of a problem, especially in Southern and Eastern Europe. Consider bringing redundant bank cards, copies of important documents, and extra cash to leave in your hotel room or hostel locker. While being pickpocketed is not a pleasant experience for anyone, it certainly doesn't help that getting replacement cards, passports, and IDs will be a much greater pain abroad, so redundancy is of utmost importance here!<br />
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<b>Accommodations</b><br />
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If you're a young single 20-30 something, forget hotels, stay at hostels! They're much cheaper, usually about half the cost of most hotel rooms (not to mention usually located close to the main train stations in every city.) It's also a great way to mingle with other travelers in your age group. Some have expressed concern that sharing a room with dozens of strangers is risky but most hostels have lockers for storage of valuables. You can find reviews and details on hostels and hotels at <a href="http://hostelworld.com/">Hostelworld.com</a>.<br />
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<b>Transportation</b><br />
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Europe has some of the most efficient public transportation systems in the world so why not take advantage of that instead of paying up the wazoo for a taxi or (gasp) a rental car? If you plan to visit multiple countries especially in Northern Europe, consider buying a Eurail pass. Sometimes, the Eurail pass will be less expensive than paying full price for train tickets, but there's an additional bonus: in most cases, you don't even need to buy tickets when switching trains, saving you time and headache. Beware that some trains will require a reservation and you could be fined if you board one without getting a reservation first; these will usually be indicated in the Eurail schedule book.<br />
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It's best to check train schedule beforehand if you have Internet access. <a href="http://www.bahn.com/i/view/USA/en/index.shtml">Deutsche Bahn</a> has a search engine for train schedules throughout continental Europe.<br />
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As for getting around in major cities, try to stick with public transportation if possible. <a href="http://urbanrail.net/">Urbanrail.net</a> has some comprehensive guides about subways and metro in various European cities including fares. Buy a daily or weekly unlimited pass if you'll be staying for a while for the convenience and value. However, do keep some cab fare on hand in case you get lost and need a ride back to the hotel or train station.<br />
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<b>Shopping</b><br />
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If you need to go shopping or buy food, it's best to stick to the areas that locals frequent. Check <a href="http://www.wikitravel.org/">www.wikitravel.org</a> and search your target city. Also keep an eye out for the "Stay Safe" section so that you don't wander into a sketchy neighborhood. If you want cheap phone service, consider installing Skype on your smartphone and using it if Wifi is available.<br />
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<b>Language</b><br />
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Many people in major European cities will know at least some basic English but please don't arrogantly expect everyone to have a working knowledge. Even if you're visiting a country where English isn't an official language but is widely spoken (like the Netherlands or most Scandinavian countries), at least learn the basics of their language. Learn how to say "Hello", "Goodbye", "Sorry", and some basic phrases in their language out of politeness. There's plenty of video tutorials on <a href="http://www.youtube.com/">Youtube </a>in this day and age so there are no longer any valid excuses!<br />
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Got any other tips that has led to big savings in your overseas trips? Please share in the comments!JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-56181047710589523402014-05-27T16:53:00.001-07:002014-05-27T16:53:03.216-07:00Myth: You get what you pay for so there's no point in being frugal.In general, compared to goods of the same type, a more expensive good is more useful than a less expensive good. A $10,000 car is probably more useful than a $2,000 car because it has newer materials, is in better shape, has more features, is safer, gets better gas mileage, or any of the previous combination of features and many other possibilities not listed here. Unless you're being scammed, in general, a more expensive good is more useful than a cheaper good of the same class (like cars.)<br />
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Economists refer to this as <b><a href="http://en.wikipedia.org/wiki/Utility_(economics)">Utility</a></b>.<br />
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<b>Utility:</b><br />
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Utility measure the ability of a good or service to satisfy one's needs and wants. Utility is also subjective - the same good may have a different level of usefulness to different people. A $1.00 ice cold bottle of water has greater utility to the runner who ran 1 mile in a hot summer day than the person who just already finished another bottle of the same water.<br />
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The saying "you get what you pay for" refers to the general notion that in most cases, a more expensive good of the same type has more utility than a cheaper good. This doesn't mean that a person should be indifferent and not care whether they buy the $2,000 car or the $10,000 car. Perhaps that person only needs a no-frills basic car to get him/her to places around town and a $2,000 used car would satisfy the need. The $10,000 car will probably not have 5 times the utility as the $2,000 car. On the other hand, if the $10,000 car is a pickup truck, it'll have more utility for someone who needs to transport his tools with him whenever he's called to do a job (i.e. a building maintenance contractor.) The $10,000 pick-up truck will have far more utility than the $2,000 sedan in that case.<br />
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<b>The Fundamental Rule of Frugality:</b><br />
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Well, unlike the physical sciences, there are no official "fundamental rules" (like the Fundamental Theorem of Calculus), so I'll make one up on the spot:<br />
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<u>The Fundamental Rule of Frugality states that you should strive to maximize the average amount of Utility obtained per Dollar of wealth you've spent.</u><br />
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So if you've budgeted $1,000 of spending a month, seriously think of what your most important needs and wants are, and strive to maximize the amount of Utility that those $1000 will buy you each month. If you can considerably increase your standard of living by spending $1,200 a month due to the increase in Utility (and Utility per dollar of your spending) and it doesn't break your <a href="http://jjfinancehacks.blogspot.com/2014/04/my-take-on-budgeting.html">budget </a>and long-term financial goals, then definitely go with that $1200/mo budget.JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-71061222294201105792014-05-23T23:59:00.000-07:002014-05-23T23:59:05.213-07:00How to find a cheaper cell phone planThis will be a short post.. just wanted to share a site I've stumbled upon if you're looking to reduce your cell phone bill without sacrificing the features, minutes, and data you need. Simply specify the minimum number of minutes, GB of data, or any other required features and it will reveal to you the least expensive plans that meet your requirements.<div>
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<a href="http://www.whistleout.com/">www.whistleout.com</a></div>
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Enjoy!</div>
JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-29909389895633945622014-05-20T20:26:00.003-07:002014-05-20T20:26:13.444-07:00Is your car's gas mileage lower than usual? Some tricks to boost it and save money at the pump.Note: I'm no expert at cars.. in fact, I almost always turn to a mechanic to fix problems or do routine maintenance. But here's a list of common problems I've encountered that have adversely affected my gas mileage and caused me to spend more on gas than necessary. Hopefully, these tips will help you get the most out of the $4-5 you're paying for gas these days.<br />
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First, you want to go to <a href="http://fueleconomy.gov/">Fueleconomy.gov</a> and search for your car (by make, model, and year.) Look at the EPA estimated MPGs as well as the self reported ones. Track your gas mileage by tracking the # of miles you've driven using the trip odometer and resetting it when you fill up. Do this for 3-4 fill-ups, then divide the total # of miles by the total # of gallons you've pumped (don't just average all 4 which is inaccurate if you've not driven the same # of miles on each tank.) Is your gas mileage in line with those figures or on the low side? If so, read on.<br />
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<b>Common Problem: Underinflated tires.</b><br />
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Check your owner's manual or the side of the door for the recommended tire pressure settings. Inflate your tires to the recommended pressure or slightly higher (but below the tire's maximum pressure.) It's best to do this when the tires aren't very hot otherwise the tire pressures will be biased up. Slightly overinflating the tires means you can go longer before you need to reinflate your tires again. A single tire that's vastly over or underinflated than the rest may also cause your car to burn unnecessary fuel when cruising, so try to keep their pressures fairly even.<br />
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<b>Common Problem: Dirty fuel injectors.</b><br />
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Many mechanics will try to sell you this service to clean your fuel injectors for over $100. Most of the time, it's a scam and unnecessary. You can fix it for only about $10 to $20 using Chevron's Techron Fuel Injector Cleaner. (If there are no Chevron stations in your area, just buy some from <a href="http://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Daps&field-keywords=techron">Amazon</a>.) Just run your car until the gas gets so low the low fuel light comes on or is on the "E" gauge and pour the Techron into the tank before fueling the tank to 100%. Then run that tank to near empty again before refueling.<br />
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<b>Common Problem: Excessive engine warm-up in the morning.</b><br />
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You've probably heard a cold engine gets lower fuel economy and this is true! But you're not saving much money by purposely warming up the engine in the morning since it's gonna use up fuel in the process. If you start driving right away, your engine will still use more fuel in the first few minutes of driving because that extra fuel is being converted to heat which warms up your engine. Once the engine is heated, less energy is escaping as heat, so you'll be achieving normal fuel economy. Unless temperatures are drastically below freezing, there's no harm in skipping the engine warm-up and you'll be saving some time anyways.<br />
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There are probably dozens of other tips that can boost your fuel economy but they're either dangerous (like hypermilling), expensive, or not really worth the trouble. If you've got more tips, please share them in the comments!JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-73995410467930301972014-05-16T23:08:00.004-07:002014-05-16T23:08:47.683-07:00How to earn at least 2.5% cash back using Staples gift cards.Source: <a href="http://welltraveledmile.com/">welltraveledmile.com</a><br />
<br />
If you have a <a href="https://creditcards.chase.com/ink-business-credit-cards/rewards/ink-bold-card/">Chase Ink Bold Visa card</a>, you're already getting 5x points or 5% cash back at office supply stores like Staples. The largest denomination gift cards sold by them is $200 for about $7 for a total of $207. After 5% cash back, you're still spending $197 for a $200 card, effectively.<br />
<br />
You can further squeeze more cash back by signing up at <a href="http://visasavingsedge.com/">visasavingsedge.com</a> and registering your Chase Ink Bold card for an additional 1% cash back.<br />
<br />
So you can effectively spend $195 (after these cashback rebates) for a $200 gift card, better than any arbitrage opportunities I've ever seen in the financial markets! Just don't abuse it by generating several thousand dollars in manufactured spending each month. Load your Staples-purchased gift cards onto your Bluebird account at Walmart to pay your rent, mortgage, car payments, student loans, utilities, etc. and other large bills that you normally need to pay anyways.JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-39094007779132210552014-05-13T22:44:00.002-07:002014-05-13T22:44:20.568-07:00Compound Interest: How long will it take to save 1 Million Dollars (Pt1)?Assuming you make 5% a year after inflation and taxes, here's how long it'll take you to make 1 million (in today's dollars):<br />
<br />
<table border="0" cellspacing="0" cols="6" frame="VOID" rules="NONE">
<colgroup><col width="198"></col><col width="86"></col><col width="86"></col><col width="86"></col><col width="86"></col><col width="86"></col></colgroup>
<tbody>
<tr>
<td align="LEFT" height="17" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;" width="198"><b>Additional Savings Per Year:</b></td>
<td align="CENTER" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" sdval="0" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;" width="86"><b>$0.00</b></td>
<td align="CENTER" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" sdval="5000" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;" width="86"><b>$5,000.00</b></td>
<td align="CENTER" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" sdval="10000" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;" width="86"><b>$10,000.00</b></td>
<td align="CENTER" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" sdval="15000" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;" width="86"><b>$15,000.00</b></td>
<td align="CENTER" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" sdval="20000" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;" width="86"><b>$20,000.00</b></td>
</tr>
<tr>
<td align="LEFT" height="17" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;"><b>Starting Net Worth</b></td>
<td align="CENTER" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;"><br /></td>
<td align="CENTER" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;"><br /></td>
<td align="CENTER" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;"><br /></td>
<td align="CENTER" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;"><br /></td>
<td align="CENTER" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;"><br /></td>
</tr>
<tr>
<td align="RIGHT" height="17" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" sdval="10000" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;"><b>$10,000.00</b></td>
<td align="CENTER" sdnum="1033;0;#" sdval="94.3872656381287" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">94</td>
<td align="CENTER" sdnum="1033;0;#" sdval="47.1936328190643" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">47</td>
<td align="CENTER" sdnum="1033;0;#" sdval="35.7237843883015" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">36</td>
<td align="CENTER" sdnum="1033;0;#" sdval="29.3818901898383" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">29</td>
<td align="CENTER" sdnum="1033;0;#" sdval="25.1704493479529" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">25</td>
</tr>
<tr>
<td align="RIGHT" height="17" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" sdval="20000" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;"><b>$20,000.00</b></td>
<td align="CENTER" sdnum="1033;0;#" sdval="80.1805665552382" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">80</td>
<td align="CENTER" sdnum="1033;0;#" sdval="45.4102533516892" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">45</td>
<td align="CENTER" sdnum="1033;0;#" sdval="34.7703132035491" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">35</td>
<td align="CENTER" sdnum="1033;0;#" sdval="28.7311709546185" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">29</td>
<td align="CENTER" sdnum="1033;0;#" sdval="24.6765475136533" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">25</td>
</tr>
<tr>
<td align="RIGHT" height="17" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" sdval="30000" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;"><b>$30,000.00</b></td>
<td align="CENTER" sdnum="1033;0;#" sdval="71.8701803327177" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">72</td>
<td align="CENTER" sdnum="1033;0;#" sdval="43.7697032728746" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">44</td>
<td align="CENTER" sdnum="1033;0;#" sdval="33.8592327977429" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">34</td>
<td align="CENTER" sdnum="1033;0;#" sdval="28.1004770598431" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">28</td>
<td align="CENTER" sdnum="1033;0;#" sdval="24.1942679843515" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">24</td>
</tr>
<tr>
<td align="RIGHT" height="17" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" sdval="40000" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;"><b>$40,000.00</b></td>
<td align="CENTER" sdnum="1033;0;#" sdval="65.9738674723478" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">66</td>
<td align="CENTER" sdnum="1033;0;#" sdval="42.2507911434469" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">42</td>
<td align="CENTER" sdnum="1033;0;#" sdval="32.9869337361739" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">33</td>
<td align="CENTER" sdnum="1033;0;#" sdval="27.4886126880403" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">27</td>
<td align="CENTER" sdnum="1033;0;#" sdval="23.7230763289009" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">24</td>
</tr>
<tr>
<td align="RIGHT" height="17" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" sdval="50000" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;"><b>$50,000.00</b></td>
<td align="CENTER" sdnum="1033;0;#" sdval="61.4003319019548" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">61</td>
<td align="CENTER" sdnum="1033;0;#" sdval="40.8367177812962" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">41</td>
<td align="CENTER" sdnum="1033;0;#" sdval="32.1502488179085" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">32</td>
<td align="CENTER" sdnum="1033;0;#" sdval="26.8944860363532" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">27</td>
<td align="CENTER" sdnum="1033;0;#" sdval="23.2624741515027" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">23</td>
</tr>
<tr>
<td align="RIGHT" height="17" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" sdval="60000" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;"><b>$60,000.00</b></td>
<td align="CENTER" sdnum="1033;0;#" sdval="57.6634812498272" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">58</td>
<td align="CENTER" sdnum="1033;0;#" sdval="39.5139404913193" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">40</td>
<td align="CENTER" sdnum="1033;0;#" sdval="31.3463836573593" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">31</td>
<td align="CENTER" sdnum="1033;0;#" sdval="26.3170975924679" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">26</td>
<td align="CENTER" sdnum="1033;0;#" sdval="22.8119959230948" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">23</td>
</tr>
<tr>
<td align="RIGHT" height="17" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" sdval="70000" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;"><b>$70,000.00</b></td>
<td align="CENTER" sdnum="1033;0;#" sdval="54.5040190415849" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">55</td>
<td align="CENTER" sdnum="1033;0;#" sdval="38.2713822247411" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">38</td>
<td align="CENTER" sdnum="1033;0;#" sdval="30.5728603740232" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">31</td>
<td align="CENTER" sdnum="1033;0;#" sdval="25.7555300172294" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">26</td>
<td align="CENTER" sdnum="1033;0;#" sdval="22.3712061535363" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">22</td>
</tr>
<tr>
<td align="RIGHT" height="17" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" sdval="80000" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;"><b>$80,000.00</b></td>
<td align="CENTER" sdnum="1033;0;#" sdval="51.7671683894573" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">52</td>
<td align="CENTER" sdnum="1033;0;#" sdval="37.0998671291686" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">37</td>
<td align="CENTER" sdnum="1033;0;#" sdval="29.8274715279316" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">30</td>
<td align="CENTER" sdnum="1033;0;#" sdval="25.2089393767562" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">25</td>
<td align="CENTER" sdnum="1033;0;#" sdval="21.9396968615257" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">22</td>
</tr>
<tr>
<td align="RIGHT" height="17" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" sdval="90000" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;"><b>$90,000.00</b></td>
<td align="CENTER" sdnum="1033;0;#" sdval="49.3530950273066" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">49</td>
<td align="CENTER" sdnum="1033;0;#" sdval="35.991708913457" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">36</td>
<td align="CENTER" sdnum="1033;0;#" sdval="29.1082421420781" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">29</td>
<td align="CENTER" sdnum="1033;0;#" sdval="24.6765475136533" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">25</td>
<td align="CENTER" sdnum="1033;0;#" sdval="21.517085305411" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">22</td>
</tr>
<tr>
<td align="RIGHT" height="17" sdnum="1033;0;[$$-409]#,##0.00;[RED]-[$$-409]#,##0.00" sdval="100000" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;"><b>$100,000.00</b></td>
<td align="CENTER" sdnum="1033;0;#" sdval="47.1936328190643" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">47</td>
<td align="CENTER" sdnum="1033;0;#" sdval="34.9404049209263" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">35</td>
<td align="CENTER" sdnum="1033;0;#" sdval="28.4133981657809" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">28</td>
<td align="CENTER" sdnum="1033;0;#" sdval="24.1576353842256" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">24</td>
<td align="CENTER" sdnum="1033;0;#" sdval="21.1030119432604" style="border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000;">21</td>
</tr>
</tbody>
</table>
<br /><div>
The takeaway is to start early and save as much as possible. Your starting net worth doesn't matter as much as how long and how much you choose to save. More on this later...</div>
JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-63749905421402811562014-05-09T09:27:00.000-07:002014-05-09T15:35:21.150-07:00The Inflation Bully will steal your money under your Mattress!If there's risk everywhere in the financial markets and banks aren't safe from collapse and political risks, then keeping money under your mattress is the best option, right? In the short run, it may be fine, but due to inflation, it'll lose approximately 3% of its value over time. I think of inflation as a bully that steals 3% of the value of the money under your mattress. In reality, the prices of goods (assuming equal quality) you purchase every year will most likely go up year after year and this effect is refereed to as Inflation.<br />
<br />
There's really little that can be done to predict the inflation rate going into the future but the<a href="http://www.wisebread.com/how-to-understand-and-protect-yourself-from-inflation"> long-term sustainable rate has historically been around 3%</a>. So if you keep $100 under the mattress, that same $100 will have around $97 of purchasing power in a year if inflation is 3% after prices have gone up. Now 3% might not be a big deal but remember, inflation rates compound over time. Here's a table of how much money you'd need to buy the same goods costing $100 today if inflation stays at a constant 3% and how much that same $100 will buy in the future (in today's dollars):<br />
<br />
<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; margin-left: 4.75pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 1184; width: 519px;">
<tbody>
<tr style="height: 15.0pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td nowrap="" style="border: solid windowtext 1.0pt; height: 15.0pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<b><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Year<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Inflation Adjusted Amount
of Today's $100<o:p></o:p></span></b></div>
</td>
<td nowrap="" style="border-left: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Purchasing Power of $100
Today<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 1;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">0<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">100.00 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">100.00 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 2;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">1<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">103.00 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">97.09 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 3;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">2<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">106.09 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">94.26 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 4;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">3<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">109.27 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">91.51 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 5;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">4<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">112.55 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">88.85 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 6;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">5<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">115.93 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">86.26 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 7;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">6<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">119.41 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">83.75 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 8;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">7<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">122.99 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">81.31 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 9;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">8<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">126.68 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">78.94 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 10;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">9<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">130.48 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">76.64 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 11;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">10<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">134.39 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">74.41 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 12;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">11<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">138.42 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">72.24 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 13;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">12<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">142.58 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">70.14 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 14;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">13<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">146.85 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">68.10 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 15;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">14<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">151.26 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">66.11 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 16;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">15<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">155.80 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">64.19 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 17;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">16<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">160.47 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">62.32 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 18;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">17<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">165.28 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">60.50 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 19;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">18<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">170.24 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">58.74 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 20;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">19<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">175.35 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">57.03 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 21;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">20<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">180.61 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">55.37 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 22;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">21<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">186.03 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">53.75 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 23;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">22<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">191.61 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">52.19 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 24;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">23<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">197.36 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">50.67 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 25;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">24<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">203.28 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">49.19 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 26;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">25<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">209.38 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">47.76 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 27;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">26<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">215.66 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">46.37 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 28;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">27<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">222.13 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">45.02 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 29;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">28<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">228.79 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">43.71 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 30;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">29<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">235.66 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">42.43 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 31;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">30<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">242.73 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">41.20 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 32;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">31<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">250.01 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">40.00 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 33;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">32<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">257.51 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">38.83 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 34;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">33<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">265.23 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">37.70 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 35;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">34<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">273.19 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">36.60 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 36;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">35<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">281.39 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">35.54 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 37;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">36<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">289.83 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">34.50 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 38;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">37<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">298.52 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">33.50 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 39;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">38<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">307.48 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">32.52 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 40;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">39<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">316.70 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">31.58 <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 15.0pt; mso-yfti-irow: 41; mso-yfti-lastrow: yes;">
<td nowrap="" style="border-top: none; border: solid windowtext 1.0pt; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 26.0pt;" valign="bottom" width="35"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">40<o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 206.0pt;" valign="bottom" width="275"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">326.20 <o:p></o:p></span></div>
</td>
<td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 15.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.0pt;" valign="bottom" width="209"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: black; mso-ascii-font-family: Calibri; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">30.66 <o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
<br />
<div>
In other words, your $100 will be worth about $30.66 in today's dollars 40 years from now and you'll need about $326.20 to buy the same goods $100 will buy today.</div>
<div>
<br /></div>
<div>
<b>But if I keep money in a Savings Account, I can earn interest which will offset inflation, right?</b></div>
<div>
<br /></div>
<div>
Sometimes, yes. In recent times (since around 2000), most likely, no. <a href="http://inflationdata.com/Inflation/Inflation/DecadeInflation.asp">According to inflationdata.com, the average inflation rate from 2000 to 2009 was about 2.56%</a>. Since you need to pay taxes on interest on a savings account, you'll need a much higher interest rate to keep up with inflation. If your tax rate is 30%, you'll need a 3.7% interest rate, and if your tax rate is 40%, you need 4.3%. Unfortunately, rates have been at 0.25% since 2008 and have only exceeded 4% for only a minority of periods since 2000. Although some investors don't include Savings Accounts as a legitimate investment vehicle, there are times when it may be prudent to earn interest in a savings account (for example, in the early 1980s when interest rates were vastly higher than inflation.) But there exists no mandate that the interest paid on savings accounts must keep up with inflation and they have underperformed inflation for long periods in the past, so I don't think it's wise to rely on them for inflation protection.</div>
<div>
<br /></div>
<div>
<b>Why don't I use TIPS instead? They're designed to keep up with inflation!</b></div>
<div>
<br /></div>
<div>
TIPS, a government bond that pays you interest based on the inflation rate, sounds like the holy grail to our inflation problem, right? One problem though: you have to pay taxes on the interest from these bonds. After paying taxes, you will NEVER beat inflation. Back to the drawing board.. almost.</div>
<div>
<br /></div>
<div>
Putting TIPS in a tax-exempt or even a tax-deferred account may relieve you of the above problem and actually allow your money to grow at the inflation rate. These accounts are known as Roth and Traditional IRAs, respectively. Unfortunately, you cannot withdraw money from these accounts until you are age 59.5 or older. If you will be 59.5 soon, they may not be a bad idea for inflation protection, but if it's decades away for you, you might as well turn to investing with that long of a time frame.</div>
<div>
<br /></div>
<div>
Want to learn how to get started investing? Please stay tuned!</div>
JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-70412355704143148192014-05-06T19:44:00.003-07:002014-05-06T19:44:31.606-07:00Are the Markets a Zero-Sum Game? Yes and No.This is a common barrier that discourages new entrants to investing and the stock market. Basically, it states that for every dollar gained in the stock market, another dollar has to be lost by another participant. In the strictest sense, I can guarantee to you this is not the case, at least not in the long run! If this were true, then the stock market would not have produced real returns over the last 100 years! Since the S&P 500 consists of the vast majority of all investable US equities, the average long-term US stock investor would receive a return comparable to the long-term return of the S&P 500 <b>by definition</b> (at least for the US equities portion of his asset allocation.)<br />
<br />
Over the short run, the market may seem to be a zero sum game since it's most likely not trending or moving in any decisive direction (up or down) most of the time. Many books on short-term trading may consider the stock market a zero-sum game and they're pretty much right - the average investor doesn't gain or lose much (assuming they held through the entire period and didn't panic sell on the dips.) There's also this notion that you must "take money" away from other (usually less sophisticated) investors in order to build your wealth in the stock market. These people then believe that in order for them to make money at investing, someone else has to lose money which makes them feel investing is a dog-eat-dog world.<br />
<br />
Beating the market, on the other hand, is a Zero-Sum game. If you think about it, half of all the dollars invested in the stock market will underperform the average and half will outperform. If the return was, say, 20% last year and you returned 40%, then there exists 1 or more investors who must have performed below the average for this logical balance to exist. However, since the stock market has outperformed inflation over the long run, the average performing investor, assuming he/she stayed invested, would still have benefited. (Even a somewhat below average performance would still have created wealth for many long-term investors!)<br />
<br />
Investing isn't a race or some endeavor to steal money from other investors. It's how the free market rewards you for bearing risk and lending your excess capital to companies that need it more. Sure, some companies might end up being duds but if you diversify properly and hold on to a long-term attitude in your investing, your efforts will likely pay off in the end. In future posts, we'll explore the right attitude to have when investing.JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-59122696769939199192014-05-02T16:04:00.001-07:002014-05-02T16:04:44.165-07:00Troubleshooting Credit Card Hacking: Occasional late fees are inevitableBut don't take this the wrong way and assume that late payments are OK, especially on a regular basis!<br />
<br />
If you've got 10 different credit cards with 10 different due dates, even if you check you balance twice a month, you're still bound to run into occasional problems with late fees or overdrafts. The <a href="http://jjfinancehacks.blogspot.com/2014/04/margin-of-error-be-prepared-when-things.html">Margin for Error</a> is simply too high with this activity. In fact, the average credit card user probably gets charged more fees and interest than what is made back in rewards, otherwise this practice of extending credit card rewards would not be a sustainable business practice!<br />
<br />
In my use of credit cards since 1999, I've probably averaged about 1 mishap a year, usually a late payment or an overdraft. But earning rewards and rarely carrying a balance has definitely paid off in providing me a net monetary gain in this endeavor. Let's use an example here: suppose Joe Schmo charges $1500 a month and pays off the balance entirely, except that he makes a late payment every 6 months. The average amount he's charged, including the late fee, overdraft, and/or interest is $40 each time. He averages 2% in credit card rewards each time (some of his cards only offer 1%, others offer bonus rewards on selected categories). So he gains $30 in rewards each month on average. His net gain from his use of credit cards each year is: 12*30 - 2*40 = $280.<br />
<br />
If you occasionally carry a balance, make late payments, or incur overdraft fees, do take note and try to stop it from happening in the future but don't beat yourself up and lose sleep over those. It's not likely gonna have a noticeable effect on your credit score and the rewards you earn will likely cancel out the fees. If it becomes a regular occurrence (say multiple times a month or several months in a row), then it's probably best to take a time out from collecting rewards. Pay off all your balances and stick with 1 card (or use cash entirely) at least until you're confident you can pull finances back in order again.JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-51747417029907899902014-04-29T16:17:00.001-07:002014-04-29T16:22:10.923-07:00Margin for Error: Be prepared when things DON'T go your way!Many of us have experienced something along these lines: we take up a project and plan out all the details. We'll do task A first, then B, then C, etc. all the way to task Z. Somewhere in the middle of our execution, say task T, we screw up and the project is a complete failure despite all the effort we put in from tasks A to S. Sometimes, we may fail at task T but we can still finish the project satisfactorily. I think of this phenomenon as Margin for Error.<br />
<br />
It's hard to define Margin for Error precisely but it's pretty easy to give a sense in plain English. Picture any project or task you're doing that involves multiple steps or decision points. If at any step you perform poorly and there's a good chance the project or task will fail, then there's a high margin for error. Think of 5 pounds of a special bread: if the amount of any of your minor ingredients like salt, sugar, cinnamon, etc. are off by 1/16 of a teaspoon and the bread will not taste right, then there's a high Margin for Error.<br />
<br />
<b>In other words, any one mistake will derail all the effort you've put into a task implies a low margin for error.</b><br />
<br />
Driving is an example of a task that doesn't have a high margin for error despite the possibility that a single bad move can end up killing you. Assuming you've received the proper training to drive a car, you'd need to make a pretty drastic or utterly careless move to get yourself killed in most cases. On the other hand, performing brain surgery has a high margin for error since it'll involve hundreds of steps and any slightly imperfect move in any of those steps may cause the surgery to fail. Fortunately, most brain surgeons will receive years if not decades of training for this delicate procedure.<br />
<br />
Day trading stocks is another activity with a high margin for error. You're likely to risk a lot of capital making many trades each day. Most traders know well enough to cut their losses on a bad trade but with so many trades happening, <a href="http://en.wikipedia.org/wiki/Decision_fatigue">decision fatigue</a> may set in on your 106,478th trade. It only takes forgetting 1 <a href="http://en.wikipedia.org/wiki/Order_(exchange)#Stop_orders">stop loss</a> to incur a huge loss despite all the effort you put towards your last 106,477 trades. This is a major reason why I stick with <a href="https://www.blogger.com/blogger.g?blogID=3896162063740438656#editor/target=post;postID=1188568850276409038;onPublishedMenu=allposts;onClosedMenu=allposts;postNum=6;src=postname">passive investing over active trading</a>.<br />
<br />
If you're unfamiliar with the financial markets, let's use an example with gambling. Suppose you go to a casino and you play a game where you can bet double or nothing. If you start by betting $1 and wager your entire winnings from one game to the next, you'll have $1 million after about 20 games. Suppose you've devised a system that has a 90% chance of winning, what's the probability that you'll win 20 consecutive games? About only 12%. If your winning probability goes down to 80%, each game, you only have a 1% chance of winning 20 games in a row. And I've never heard of anyone who consistently wins anywhere close to 80% of the time in a casino!<br />
<br />
It's still important to work hard and plan ahead to minimize the possibility of failure in any important project or task you pursue. But you're likely setting yourself up for disappointment if you do not have a realistic sense of the margin for failure accompanying the task. (Chris Guillebeau used the metaphor of <a href="http://chrisguillebeau.com/3x5/consider-the-dominoes/">dominoes falling</a> to describe this same concept which inspired my post.)JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-27286519746575905392014-04-25T10:41:00.004-07:002014-04-25T10:41:54.726-07:00How to Pay Rent with your Credit Card (and earn LOTS of points in doing so.)(Note: these tactics can be applied to any major recurring payments in your life such as mortgages, insurance payments, car payments, child support, etc.)<br />
<br />
<b>Background</b><br />
<br />
In addition to the credit card you want to earn points on, you'll need a <a href="http://www.bluebird.com/">Bluebird Account</a>. This is basically a checking account that can be loaded using credit cards although the process has become more convoluted recently as Vanilla Reload cards can no longer be purchased using gift cards. Then you can write a check from your Bluebird Account (make sure you follow their instructions for registering the check, writing the authorization code, etc!)<br />
<br />
Note that when you open an account with Bluebird, you can order 100 free checks from them, at least until mid 2014. If you run out or if the offer expires, you can buy 100 for something like $26.95 (can't remember the exact amount.) Bluebird will also give you their Bluebird AMEX card which can be used to transfer funds to the Bluebird (as well as spend them.)<br />
<br />
<b>How to Earn Points by Loading your Bluebird Account</b><br />
<br />
First, you'll need to <a href="http://www.yelp.com/">locate a few stores</a> in your area:<br />
<br />
1) A drugstore (i.e. CVS, Riteaid, etc) or a grocery store that sells gift cards.<br />
2) A <a href="http://www.walmart.com/">Walmart </a>with a Moneycenter (I think most do as of 2014.)<br />
<br />
Go to the drugstore or grocery store and search for VISA or Mastercard gift cards, preferably ones that can be loaded with up to $500. (According to <a href="http://millionmilesecrets.com/2014/04/21/how-to-load-bluebird-with-gift-cards-at-walmart/">Million Mile Secrets</a>, you may want to avoid AMEX gift cards even if they can be purchased with credit.) There's usually a $4 - $7 charge for buying the card regardless of how much you load so I'll usually go with the maximum amount. Check the back and make sure there's a mention of a PIN or a process for setting up the pin. If you're unsure, Google the card on your smartphone and see what the process for setting up the PIN is like. Most of the time, the card will offer one of the 2 following options for the PIN:<br />
<br />
1) You need to call them to manually set it up.<br />
2) (Preferred) You set it to whatever you want upon your first purchase with the card.<br />
<br />
Then go buy the card at the register. If the cashier won't allow it to be loaded using your credit card, then try buying another gift card or go to a different store.<br />
<br />
Here's an example of a card you can purchase:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiR7Q_5GIRI3hG48jHBOTn7aMjdNDZ9WIxAtbiQJlzsjBpMH9xkOD1yg2gP-rSe3FiKQ4D-nJn8WjCioX7FNYJ1ln2rMIOH_VzF5qo1mqihTk6KeoJ1MnNqJ9x6bAXTlFi659TjrjwBoxY/s1600/Picture.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiR7Q_5GIRI3hG48jHBOTn7aMjdNDZ9WIxAtbiQJlzsjBpMH9xkOD1yg2gP-rSe3FiKQ4D-nJn8WjCioX7FNYJ1ln2rMIOH_VzF5qo1mqihTk6KeoJ1MnNqJ9x6bAXTlFi659TjrjwBoxY/s1600/Picture.jpg" height="240" width="320" /></a></div>
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Once you've purchased your gift card (and activated it if needed), head over to your local Walmart and hit up the Money Center! Go to one of the kiosks and select the Bluebird option. It'll ask you to swipe your Bluebird debit card. After that, it'll ask you to input the amount you'd like to transfer to your Bluebird. Enter the amount loaded on your gift card. After a few prompts, you'll be asked if you're loading with a Credit or Debit card. Enter Debit, swipe the card, and enter your PIN (if you didn't need to set one up, just enter 1234 or any 4 digits.) <br />
<br />
If everything goes right, you'll now have effectively loaded your Bluebird account with money from your credit card (which is earning rewards.) Now you can pay your bills that don't take credit (like rent) and still earn points!<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglTgfvP5vuS_O9YHBlnPqFuNAEPqKRO4aDAgRcnuBb5xb4sN_tZDRQZa9isbmvqSlP1bWyVdAbJ14KggdjmKhOlz5gwziOWYQ3vyWnCA9GGt-BZogUGpaEoO5jWyoe7vHrN7uWGjszibs/s1600/Picture2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglTgfvP5vuS_O9YHBlnPqFuNAEPqKRO4aDAgRcnuBb5xb4sN_tZDRQZa9isbmvqSlP1bWyVdAbJ14KggdjmKhOlz5gwziOWYQ3vyWnCA9GGt-BZogUGpaEoO5jWyoe7vHrN7uWGjszibs/s1600/Picture2.jpg" height="240" width="320" /></a></div>
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<br />JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-18996422306121767892014-04-22T12:12:00.001-07:002014-04-22T12:12:38.353-07:00The 80/20 of credit card rewards: sign-in offersYou ask your favorite airline (or any airline for the practical purposes) how many points you'll need to accrue to receive a free ticket. They may tell you something along the lines of 40,000 miles for a domestic ticket and 60,000 miles for an international flight (all round-trip.) You realize that you might earn an average of 4,000 miles per flight that you book normally and receive 1 mile per $1 you spend with their reward credit card. Needless to say, you'd need to spend a TON of money and/or take numerous flight before you receive your well-deserved reward ticket.<br />
<br />
<a href="http://en.wikipedia.org/wiki/Pareto%27s_principle">There has to be a better way, right?</a><br />
<br />
If you have reasonably good credit (700+) and don't mind the paperwork in opening and tracking some new credit card accounts, you're in luck! There are a plethora of credit cards out there that will award you around 20,000 to 50,000 points or miles if you spent $500 to $5000 in the first 3 months! This is usually referred to as a <b>sign-in offer</b> or <b>minimum-spend offer</b>.<br />
<br />
Pop quiz! If you sign up for a card that awards 1 point per $1 spent AND has a sign-in offer of 50,000 points for spending $5000 in the first 3 months, what's the effective number of points you received per dollar spent if you spend exactly $5000 in the first 3 months?<br />
<br />
A. 1 point per dollar<br />
B. 10 points per dollar<br />
C. 11 points per dollar<br />
<br />
If you picked C, bingo! By spending $5000 in the first 3 months, you receive the sign-in bonus of 50,000 points AND another 5000 points from the standard rate of 1 point per dollar. So that brings your total to 55,000 points. 55000 points / $5000 = 11 points per dollar which is 11 times the standard rate!<br />
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<b>Sometimes, the sign-in bonus isn't enough for 1 round-trip ticket What to do now?</b><br />
<br />
You will want to go for multiple sign-in offers by signing up for multiple credit cards. Also, get some cards from Chase that offer Ultimate Reward points. These points can be transferred to multiple airlines such as:<br />
<br />
<ul>
<li>United Airlines</li>
<li>Southwest</li>
<li>British Airways</li>
<li>Korean Airways.</li>
</ul>
<div>
<b>For example, there's a way to amass 184,000 United Airlines miles (as of April 2014). You'll need the following 4 cards:</b></div>
<div>
<b><br /></b></div>
<div>
Card 1: <a href="https://creditcards.chase.com/credit-cards/sapphire-preferred-card.aspx">Chase Sapphire Preferred:</a> 40,000 Ultimate Reward Points for spending $3000 in the first 3 months.</div>
<div>
<br /></div>
<div>
Card 2: <a href="https://creditcards.chase.com/ink-business-credit-cards/rewards/ink-bold-card/">Chase Ink Bold Business</a>: 50,000 Ultimate Reward Points for spending $5000 in the first 3 months.</div>
<div>
<br /></div>
<div>
Card 3: <a href="https://creditcards.chase.com/ink-business-credit-cards/rewards/ink-plus-card/">Chase Ink Plus Business</a>: Another 50,000 Ultimate Reward for spending $5000 in the first 3 months.</div>
<div>
<br /></div>
<div>
Card 4: <a href="https://creditcards.chase.com/credit-cards/united-airlines-credit-card.aspx">United Airlines Explorer</a>: 30,000 United Miles for spending $1000 in the first 3 months. (Alternatively, if you stop by a Chase branch, you can also get another version that awards 50,000 United Miles for spending $2000 in the first 3 months.)</div>
<div>
<br /></div>
<div>
Note the Ultimate Rewards above can be transferred to United Airlines. So if you meet the above minimum spending requirements, you can potentially amass 170,000 + 14000 = 184,000 United miles, enough for 2 international round trip tickets for two!</div>
<div>
<br /></div>
<div>
<b>Ending Remarks</b></div>
<div>
<br /></div>
<div>
Hopefully, I've given you an overview of the low-hanging fruit in earning points for travel or simply to get more rewards on your dollar. In later posts, I'll explore how to deal with common roadblocks in the process such as prolonging your points (so they don't expire), what to do if you're denied (and how to minimize the chances), what your options are if you don't have a business and want a business card, etc.</div>
JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-62779887576913466292014-04-18T18:05:00.001-07:002014-04-18T18:05:17.723-07:00So you want to start investing? Look before you leap to picking stocks!I see posts like these on investing forums <a href="http://www.city-data.com/forum/investing">like these</a> all the time:<br />
<br />
"I'm a [20-something] just getting started at investing. Here are the stocks I'd like to buy."<br />
<br />
or "I'm a [20-something] starting investing. What stocks should I buy?"<br />
<br />
The reply is usually something along the lines of "the stocks you've picked clearly show you know nothing. You have no business investing right now." Then that individual tragically gives up when they could have made a head start at getting slow but steady returns using index funds and let compound interest do its work over the decades. Like I mentioned earlier, <a href="http://jjfinancehacks.blogspot.com/2014/04/active-vs-passive-investing.html">it doesn't take much to be an average investor</a>, but if you pick stocks incorrectly, you CAN end up losing a ton of money.<br />
<br />
Good news, if you don't know how to pick stocks, you can still invest (and probably should)! You need to use diversified index funds! Start with something simple and stable like Rick Ferri's 2-fund portfolio or the Permanent Portfolio on the <a href="http://www.bogleheads.org/wiki/Lazy_portfolios">Boggleheads Lazy Portfolio</a> page.<br />
<br />
<b>A monkey can probably pick stocks better than you</b><br />
<br />
When I was in business school, my professors would openly proclaim that a monkey can probably pick stocks better than we can. Not just novices but <a href="http://www.huffingtonpost.com/2013/04/05/monkeys-stocks-study_n_3021285.html">monkeys seemed to even beat many seasoned stock pickers</a> as well! (Now I know a few stock pickers in the industry who have a great track record at picking stocks but I can attest that most probably don't beat the S&P500 in the long run.)<br />
<br />
I'll go into more detail on this later but studies show that you only need about <a href="http://www.aaii.com/journal/article/how-many-stocks-do-you-need-to-be-diversified-.touch">10-20 stocks to achieve most of the benefits of diversification</a>. So let's say I have 100 readers here pick 20 random stocks and invest 5% in each. Then I have another 100 learn the basics of stock picking and pick 20 stocks of their choice and even decide on their own weighting scheme (doesn't have to be 5% each.) 5 years later, it is likely that the 1st group will have outperformed the 2nd group as a whole!<br />
<br />
Does this mean you should randomly pick 10-20 stocks and be done with it? The idea of randomly picking stocks and investing your hard earned money in them is a bit disconcerting. I'd personally stick with Index Funds despite how research shows that random picking and equal-weighting stocks even beats indices like the S&P500. (For a detailed mathematical explanation, you can check out <a href="http://www.researchaffiliates.com/Our%20Ideas/Insights/Fundamentals/Pages/F-2014-2-Measuring-Skill.aspx">this article</a>.)<br />
<br />
<b>So what should I do?</b><br />
<br />
If you're getting started investing, go with <a href="http://www.bogleheads.org/wiki/Lazy_portfolios">indexing</a> rather than stock picking despite what your friends or the media tells you. You can get a 2nd opinion from a Financial Advisor if you'd like confirmation that indexing is a wiser choice. If you're brave and you've read my <a href="http://jjfinancehacks.blogspot.com/p/disclaimer.html">disclaimer</a>, you can randomly pick 10-20 stocks and equal weight them (for the equities portion of your asset allocation.) And only play with money you can afford to lose in either case!<br />
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<br />JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-11885688502764090382014-04-15T13:22:00.000-07:002014-04-15T13:22:03.044-07:00Active vs. Passive InvestingWhen you invest, do you prefer to check on your portfolio and make buy/sell decisions on a regular basis? That's <b>Active Investing</b>. Or do you prefer to buy and hold a few index funds? That's <b>Passive Investing</b>.<div>
<br /></div>
<div>
<b>The average Active Investor does not beat the average Passive Investor.</b></div>
<div>
<br /></div>
<div>
It may be difficult to prove this exhaustively but consider the S&P 500 index which contains the vast majority of the market cap of all publicly traded US stocks. If the S&P500 returned X% last year, it is likely the average stock investor returned something around X% last year as well. In fact, because roughly 80-90% of the participants in the financial markets are institutions, it is likely that the average mutual and hedge fund also returned around X% last year as well.</div>
<div>
<br /></div>
<div>
Active investing involves more frequent trading than passive investing (which is essentially buy-and-hold.) When the average active investor receives the same return as the average passive investor BEFORE he/she pays trading commissions, the average active investor ends up making LESS than the average passive investor AFTER fees!</div>
<div>
<br /></div>
<div>
<b>You can be an average investor with very little work!</b></div>
<div>
<br /></div>
<div>
Funny thing about investing, as opposed to many other disciplines, is that you can be nearly average with very little experience. The same cannot be said of medicine, sports, law, engineering, pretty much every respectable profession. Simply buy an S&P500 index fund like the <a href="https://www.google.com/finance?q=spy&ei=1HxNU-C8C4OsigKPrAE">SPDR S&P500 Fund, SPY</a>, or a total stock market index fund like <a href="https://www.google.com/finance?q=vti%5C&ei=2nxNU7iRAqauiQKd6QE">Vanguard's VTI</a> and you're on your way to being an "average" investor. You don't need to know a thing about investing or finance, just a few thousand dollars to open a brokerage account and you can be average!</div>
<div>
<br /></div>
<div>
<b>But wait, before you make the leap.</b></div>
<div>
<br /></div>
<div>
Being average means you accept the average returns of the market (which are around 7-10% per year over the LONG term) but you also accept the average losses and risks. In 2008, the S&P500 lost 38% which means the average investor lost a similar percentage of his investments. How much risk you want to accept depends on a thorough analysis of your present and projected (future) financial situation. You will also likely need to consider an asset allocation that includes not just stock but also bonds and maybe commodities and real estate.</div>
<div>
<br /></div>
<div>
<b>Investing isn't as simple as blindly buying a few popular index funds but it isn't as complex as picking the right stocks and trading in and out of the market every few days or weeks.</b> In future posts, I'll go over the principles in investing sensibly.</div>
JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-909495333310403892014-04-11T10:01:00.002-07:002014-04-11T10:02:43.824-07:00My take on budgetingMost personal finance experts recommend creating a detailed budget as the first step. Ramit Sethi in his book (and blog) <a href="http://www.iwillteachyoutoberich.com/">I Will Teach You To Be Rich</a> takes a radically different approach of ditching budgets because they cause undue anxiety and guilt. I recommend a middle ground: start organizing your personal finances by creating a rough budget. <br />
<br />
<b>My approach is outlined as follows:</b><br />
<ul>
<li>Use the <a href="http://jjfinancehacks.blogspot.com/2014/04/8020-rule-before-you-can-work-smart-you.html">80/20</a> rule in your budgeting. </li>
<li>Have a goal of how much you want to save each month.</li>
<li>Create a budget only for your most expensive recurring items (usually car and housing). Subtract the sum of those and your saving goal from your monthly take home pay and you get your "Misc" category. "Misc" is the amount of money available to spend on your smaller-ticket items as well as discretionary expenses.</li>
<li>Review your budget each month:</li>
<ul>
<li>Are you meeting your saving goals? If not, either make it more realistic, cut your spending, or look for ways to make more money.</li>
<li>If you are easily meeting your saving goals, set it higher!</li>
<li>Consider signing up for <a href="http://mint.com/">Mint.com</a> and use it to guide your budgeting. </li>
</ul>
</ul>
<u><b>Step 1: Assess your cash flows and decide how much you want to save.</b></u><br />
<br />
From now on, <b>I'll refer to your monthly take home pay as X</b>. It's the amount you receive from your monthly paycheck if you're salaried. If your income varies (i.e. you're an entrepreneur, you're paid by commission, you're hourly, you frequently work and get paid overtime, etc), then make a conservative estimate of your monthly take home pay (after taxes, Social Security, etc.) Decide how much money you want to save each month. If you have no idea, try starting with 20% of your take home pay. <b>Let your monthly saving goal = S.</b><br />
<br />
<b><u>Step 2: Housing Expenses.</u></b><br />
<br />
If you rent, this number is simple, it's your rent. If you rent with roommates or split it with your spouse or partner, it's simply your share of the rent.<br />
<br />
If you have a mortgage, the process is a little more complicated. Add up the following expenses first:<br />
<ul>
<li>Monthly mortgage payment (estimate it if you have a variable interest loan. Omit it if your house is paid off.)</li>
<li>Property taxes.</li>
<li>HOA fees (if any.)</li>
<li>Property insurance (if paid yearly, take the pro-rated monthly share.) </li>
<li>Maintenance.</li>
<ul>
<li>Please note you need to set aside some money each month in case something goes wrong and you need to fix it.</li>
<li>If unsure, go with 50% of your monthly property taxes.</li>
<li>If you didn't perform any maintenance this month, save this money instead of spending it on your "wants".</li>
</ul>
</ul>
<b><u>Step 3: Transportation Expenses.</u></b><br />
<br />
<br />
If you're lucky enough to have reliable public transportation and don't have a car, purchase a monthly transit pass if it's offered. This will be your monthly transportation expense.<br />
<br />
If you have a car, add up the following:<br />
<ul>
<li>Car Payment (0 if your car is paid off.)</li>
<li>Insurance (calculate the pro-rated monthly expense if you pay your premium annually or semiannually.</li>
<li>Gas: Estimate based on your average monthly driving and your car's MPG.</li>
<ul>
<li>If you work 5 days a week, estimate your weekly miles driven by multiplying your round trip commute distance by 6 (not 5 since you need to also run errands.) Then multiply this figure by 4. <b>Let D = your answer, your monthly miles driven.</b> Of course, if you can estimate it more accurately, do it!</li>
<li>Get the MPG of your car. If you don't track your MPG, look it up on <a href="http://fueleconomy.gov/">Fueleconomy.gov</a>.</li>
<li>Get the average price of gas from <a href="http://gasbuddy.com./">Gasbuddy.com.</a></li>
<li>Divide D by your car's MPG then multiply the average price of gas. This is a rough estimate of your monthly gas expenses.</li>
</ul>
<li>Registration Fees: They're usually paid yearly, so divide it by 12. </li>
<li>Car Maintenance: You need to set aside some money in case your car breaks down. It's difficult to gauge how much but I use a rule of thumb of $0.05 per mile driven (which you calculated in the step above.) Like with housing maintenance, if you didn't perform any maintenance this month, save this money in a reserve account.</li>
</ul>
<u><b>Step 4: The 10% Rule: other significant expenses.</b></u><br />
<br />
Any single recurring expense that's not covered above and is over 10% of your take home pay should go into your budget. I pick 10% since it's easy to calculate and you can have up to 10 of them anyways. Examples may include:<br />
<ul>
<li>Medical payments</li>
<li>Debt payments (credit cards, student loans, etc.)</li>
<li>Child support or alimony</li>
<li>Health Insurance </li>
<li>Tuition and college expenses (if you have adult children who need this support.)</li>
<li>etc.</li>
</ul>
<u><b>Step 5: What's Left Over?</b></u><br />
<br />
Add up the numbers from steps 2 - 4 and subtract them from X. Subtract your saving goal S from that result. This is what you have left for all your miscellaneous expenses (i.e. food, clothing, cell phone bills, entertainment, fitness, etc.) These expenses, individually, may be small compared to your housing or car expenses but they surely add up!<br />
<br />
<b>Let M = "Miscellaneous Expenses"</b>, the amount you calculated above that's left for everything else. If you got a negative number here, you've clearly done something wrong or created an unrealistic budget - go back and adjust your savings goal or look to downsize your car or housing!<br />
<br />
<u><b>Step 6: Test Your Budget</b></u><br />
<br />
Your budget should only have the following items:<br />
<ul>
<li>Housing</li>
<li>Transportation</li>
<li>Other Big Expenses</li>
<li>Misc</li>
<li>Savings</li>
</ul>
You want to test if the budget you created above works. There's no single way to test but if you don't have any ideas, you can try my suggestion:<br />
<ul>
<li>Create or set aside 2 bank accounts.</li>
<li>Take your next paycheck and split it into 2.</li>
<ul>
<li>Put your savings goal S into one account. Call this Account A.</li>
<li>Put what's left over from your paycheck into the other account. Call this Account B.</li>
</ul>
<li>For 1 month, try only spending money from Account B and only if you run out do you try spending from Account A. Pay cash only for this month.</li>
<li>Transfer the money for Housing and Car maintenance to a 3rd account. If
you performed maintenance this month, pay it from your savings instead
of A or B. </li>
<li>If you pay off your credit cards every month and need money to pay them off this time, pay them off from your savings, not Account A or B.</li>
</ul>
There are 3 possible end results after a month if you've followed the steps above correctly:<br />
<ul>
<li>1. You still have money left in Account B: Congrats, you are not going over your budget! You can consider increasing your savings goal and running through the process again for the next month.</li>
<li>2. You spent all the money in Account B and tapped into Account A: Either your savings goal is unrealistically high or your budget is too high. You may want to downsize your larger expenses like housing or transportation if it's realistic or managing your Misc category of expenses in greater detail. Consider cutting back on things you don't care too much for (i.e. If you don't use your cell phone a lot, consider downgrading the plan. If you eat out frequently but know how to cook, try cooking at home more.)</li>
<li>3. You ran out of money in both Account A and B: This is not a good sign as you're spending more than you are taking in. Your spending is not sustainable and you need to seriously look into cutting aggressively or earning more money. As per #2, start by cutting your biggest expenses before micromanaging your finances by creating a detailed plan for your Misc category. </li>
</ul>
<div style="text-align: center;">
<b> My Budget</b></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: left;">
I'll walk you through the process above for creating my own budget:</div>
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
<b>Step 1:</b></div>
<div style="text-align: left;">
<b><br /></b></div>
<div style="text-align: left;">
<b>Take Home Pay = $2900.</b></div>
<div style="text-align: left;">
<b>Saving Goal = $1000.</b></div>
<div style="text-align: left;">
<b><br /></b></div>
<div style="text-align: left;">
<b>Step 2:</b></div>
<div style="text-align: left;">
<b><br /></b></div>
<div style="text-align: left;">
<b>Housing expense: $850.</b></div>
<div style="text-align: left;">
<b><br /></b></div>
<div style="text-align: left;">
<b>Step 3:</b></div>
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
Car Payment: $0</div>
<div style="text-align: left;">
Miles driven per month: ~1500</div>
<div style="text-align: left;">
Average gas mileage: 33 mpg (I drive a 1999 Honda Civic and have been tracking the gas mileage over the last 3-4 years, and that's the average figure I've gotten as opposed to the EPA estimates.)</div>
<div style="text-align: left;">
Average gas price: $4/gal</div>
<div style="text-align: left;">
Gas Expense = 1500*4/33 = $182</div>
<div style="text-align: left;">
Insurance = 700/6 = $116.67</div>
<div style="text-align: left;">
Maintenance = 1500*0.05 = $75</div>
<div style="text-align: left;">
Registration fees = $82/6 = $13.67</div>
<div style="text-align: left;">
<b>Total Car Expenses: $387.34/mo.</b></div>
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
<b>Step 4:</b></div>
<div style="text-align: left;">
<b><br /></b></div>
<div style="text-align: left;">
<b>(Nothing here.)</b></div>
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
<b>Step 5:</b></div>
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
Money left over for everything else = 2900 - 850 - 387.34 - 1000 = <b>$662.66</b>.</div>
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
Realistically, about half of that goes to food and another $100 goes to utilities and cell phone bills. So this leaves about $200 for discretionary spending and the small ticket items each month.</div>
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
This pie chart summarizes where my take home pay goes each month:</div>
<br />
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<br />
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<img alt="" 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" /><br />
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How do you approach budgeting? Please share it in the comments below! JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-89209398154300317662014-04-08T08:03:00.001-07:002014-04-08T08:03:35.680-07:0080/20 Rule: Before you can work smart, you must work hard.If you've read my blog for a while, you may realize that <a href="http://www.amazon.com/The-4-Hour-Workweek-Anywhere-Expanded/dp/0307465357">The Four Hour Work Week</a> is one of my favorite books. There seems to be quite a bit of misconception floating around that the core message of the book is that <b>you can be successful without hard work</b> if you do the right things. Sadly, many people embark on a strawman line of thinking and reject this book as snake oil because they don't agree with this misinformed opinion. Tim Ferriss seems to downplay the importance of hard work because it's not a message that will sell a book easily. But it's pretty evident even in his anecdote in the book that he worked harder AND smarter than the vast majority of people in starting his sports supplement company, figuring out how to delegate customer service, optimizing his advertising, etc. so he can get to the point where he only needs to work 4 hours a week to maintain his business (which he later sold in 2009.)<br />
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I've not met anyone who is highly successful and does not work hard or hasn't worked hard to get to where he/she is now. This includes people born with wealth and connections! Even if they only need to work 15, 10, or even 4 hours a week, they worked very hard and made great sacrifices in the past to get to where they are now. But if you've even skimmed through The Four Hour Work Week, you probably have already gotten this message (if you didn't learn in the hard way in life): blindly working hard isn't gonna get you anywhere. This is where using and exploiting the 80/20 rule comes into play.<br />
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<b>The 80/20 Rule (Pareto's Principle)</b><br />
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Again, I won't reinvent the wheel and write an entire article on this concept. Please read it <a href="http://en.wikipedia.org/wiki/Pareto_principle">on Wikipedia</a>, or preferably, in Tim Ferriss's Four Hour Work Week for a detailed explanation. It basically states that 80% of your desired outcomes from your goals comes from 20% of your efforts, or to put in more general terms, a majority of your outcomes come from a minority of your actions. So if you only focus on the 20% of actions that produce your results, you can get tremendous results with relatively little effort, right? Unfortunately, it's not that easy to identify which 20% produce the most results. It takes a lot of <a href="http://www.iwillteachyoutoberich.com/blog/how-a-beggar-in-grenada-uses-data-to-optimize-donations/">testing</a> (and brainstorming things to test) to figure out which actions will produce the most results.<br />
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<b>The Only 2 Things you should work hard at</b><br />
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If you've applied the 80/20 rule and identified the actions that contribute the most to achieving your goals, then it's pretty obvious what you need to work hard at. <a href="https://www.blogger.com/blogger.g?blogID=3896162063740438656#editor/target=post;postID=4014847355360207472;onPublishedMenu=posts;onClosedMenu=posts;postNum=14;src=postname">Stay focused on that task.</a> If you haven't identified them yet, then you should be directing your hard work to identifying the minority of actions that produce the majority of your results. <a href="https://www.blogger.com/blogger.g?blogID=3896162063740438656#editor/target=post;postID=7738808620544971149;onPublishedMenu=posts;onClosedMenu=posts;postNum=4;src=postname">Systematically track and analyze the results you've gotten.</a> By not wasting your energy on meaningless tasks and working hard at everything by default, you will have the energy to effectively execute the tasks that bring you closer to your most important goals.JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-31150053446886923722014-04-04T17:29:00.001-07:002014-04-04T17:29:36.480-07:00CVS no longer allows Vanilla Reload purchases using Credit CardsJust a heads up for those of you collecting frequent flyer and other credit card rewards:<br />
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CVS no longer lets you buy Vanilla Reload cards using credit cards!<br />
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There still are other alternatives to loading your Bluebird account (so you can pay your mortgage, tuition, etc. and still collect points.) One popular way is loading various VISA gift cards from any store that accepts credit cards for them and then going to Walmart to transfer their balance to a Bluebird Account. Instead of reinventing the wheel, I'll point you to <a href="http://travelwithgrant.com/bluebird/bluebird-gift-cards-walmart/">this blog</a> for details. JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0tag:blogger.com,1999:blog-3896162063740438656.post-77388086205449711492014-04-01T12:17:00.000-07:002014-04-01T19:21:52.731-07:00Evernote: Your brain's right hand manOK, I have a confession to make. My brain has a tendency to be cluttered and running with many thoughts and ideas almost 24/7. Thanks to <a href="http://www.evernote.com/">Evernote</a>, I've managed to mitigate this problem by organizing my thoughts into a user-friendly database (as well as reducing paper clutter around the house.)<br>
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In 2005, I bought a file cabinet as I started grad school, hoping to stay organized. 2 years later, I ended up ditching the file cabinet as it had only accumulated about 5 folders and a handful of documents. Evernote was first launched in 2005, and had I discovered it back then, I would have gotten a much needed head start to supercharging my organization. I did first try it out in 2010 but gave up shortly after finding it too burdensome for a beginner. Only since 2012, after reading Tim Ferriss's recommendations and tips regarding Evernote in his best seller <a href="http://www.amazon.com/The-4-Hour-Workweek-Anywhere-Expanded/dp/0307465357/ref=sr_1_1?ie=UTF8&qid=1396364005&sr=8-1&keywords=4+hour+work+week">The 4 Hour Work Week</a>, did Evernote become a regular part of my repertoire.<br>
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<b>What Evernote Does</b><br>
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I like to think of it as a simple word processor that stores notes into an organized database. You can add pictures, create tables, change fonts, etc. as you like. The most powerful features is being able to search your notes as well as having access to your notes in the cloud, no matter if you're at your computer, on your mobile device, or logged in at an airport web terminal. <br>
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Find an interesting news article that you might want to refer to years later? File it in Evernote. Find some recipe you'd like to try out when you have the chance? Use the web clipper and file it in Evernote. See an interesting billboard while riding the bus? Take a picture with your phone, file it in Evernote, and it'll recognize the text so you can search for it later! This latter feature is known as OCR (optical character recognition) and it allows you to snap photos of documents and be able to search for them later - very convenient for a messy person like me!<br>
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Over time as you amass hundreds or even thousands of notes, you'll notice a dialog at the bottom of each note called "Similar Notes". Evernote uses artificial intelligence algorithms to search and find notes that have similar keywords and contents to your current note. Maybe that news article you clipped 2 years ago discussed something relevant to the article you just clipped.<br>
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<b>Getting Started</b><br>
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Evernote is fairly easy to start using but has a ton of features that are nonessential but make life easier. While folders and tags are used without second thought by seasoned veterans, I suggest you ignore them in the beginning. Evernote is still fully functional if you don't tag any of your notes or use multiple folders. Don't make my mistake back when I first tried using Evernote - start with the simplest implementation first and try out new features as you go along!<br>
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When you first install Evernote and sign up for an account, you'll have 1 folder. Rename it to "001 Inbox" or something with 0's in the beginning (and without quotes) so it'll always stay at the top. For now, put all of your notes into this folder. You can later add new folders once you have a large assortment of notes here (say 50+). This also makes it easier to name your folders as you discover common themes among your notes. From now on, I'll refer to this "001 Inbox" folder as simply Inbox.<br>
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<b>3 Modes of Using Evernote: Collecting, Organizing, and Searching.</b><br>
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When I'm using Evernote, I find it too cumbersome to immediately file and/or tag my notes. I could be brainstorming, searching the web for articles, or snapping pictures of documents, and organizing my notes while doing that really distracts me from the task at hand. Just snap that picture, clip that article, or put your thoughts to paper (I mean note) and it goes into your Inbox by default. If you're pretty sure what tags you want to assign to the note or what folder it should go into, just make a note of it in the body of the note (no pun intended.) I call this "<b>Collecting</b>". So when you're Collecting, do not even think about how you're gonna Organize your notes (yet)!<br>
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At least once a week (or maybe once a day if you have a TON of notes), go through your Inbox and categorize your notes. Put them in your relevant folders and/or add tags. Although I'm guilty of it from time to time, resist the temptation of putting off this step for more than week as it'll sometimes be difficult to remember the background information relevant to a note in order to best tag and file it for the future. (I find the <a href="http://jjfinancehacks.blogspot.com/2014/03/pomodoro-technique-guard-your-time.html">Pomodoro Technique</a> very helpful for staying focused at this step.) I call this "<b>Organizing</b>".<br>
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<b>Searching</b> is pretty straight forward.. when you need information, you use the Search function in Evernote to find it. It's much easier to search when you've done all the work upfront by Collecting and Organizing. If you use folders and tags, you can perform more targeted searches. If you can't find it with your targeted search, you can try a more general search (no tags and all folders) and see if something pops up; chances are, you did not categorize it or miscategorized it, and this is a great opportunity to correct it.<br>
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<b>If a great idea pops into your head, get it into Evernote ASAP</b><br>
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This happens to us every once in a while: a great idea pops into your head when you're minding your business. Getting the idea into Evernote is your top priority, not minding all the red tape of tags and folders (like I said earlier.) You should also create a shortcut to Evernote on your mobile device's home screen for situations like this so you can bring up Evernote immediately. Any minor distraction is often enough for you to "lose" your genius idea in your moment of inspiration. Record it in audio form (and later transcribe it to make it searchable) if you need to.<br>
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<b>What to Use Evernote For</b><br>
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You can start by looking at these lists for inspiration:<br>
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<a href="http://andrewcmaxwell.com/2009/11/100-different-evernote-uses/">100 Different Evernote Uses</a><br>
<a href="http://gotogeek.com/101-uses-for-evernote/">101 Evernote Uses</a><br>
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The more I use Evernote, the more I discover new ways it can improve and simplify my life. I'm still discovering new ways every month even after using it for 1.5 years. I actually have a separate folder called "Evernote Tips" that contain articles about different ways other people use Evernote.<br>
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Here are some of my day-to-day uses of Evernote:<br>
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<li><b>Shopping Lists: </b>This is probably one of the most common uses of Evernote.</li>
<li><b>This Blog:</b> If I have a great idea for this blog, I'll quickly make a note of it in Evernote instead of letting it fade away as I go and tend to the other aspects of my life.</li>
<li><b>Researching Investments:</b> A lot of times, I will run into a stock or fund I'd like to buy but chose not to pull the trigger. Later, I find out the investment really took off and I missed out on a bunch of profit. If I had taken notes at the time I was considering buying the investment, I can go back and review them to hopefully not make the same mistake again in the future.</li>
<li><b>Travel Itinerary:</b> When I take a trip somewhere, I'll create a new folder for it with my hotel reservations, maps, attractions, etc. all clipped into one place.</li>
<li><b>Networking</b>: When I meet someone new at networking events that I find interesting, I'll take notes on them after the event (i.e. including what we talked about as well as details like what they were wearing or eating.) There's an extension called <a href="http://evernote.com/hello/">Evernote Hello</a> that supposedly simplifies this process but I personally find it awkward pulling out your phone and asking to exchange information at the end of a conversation. Maybe if enough people do that with me, I'll start using it as well...</li>
<li><b>Home Organization:</b> I tend to misplace things a lot so I've come up with this idea in recent weeks. I took pictures of all the drawers, shelves, cupboards, containers, etc. and labeled them with a number starting from 1 by annotating in Evernote. Then I created a separate note for each container with the number in the title and listing the contents of that container (i.e. clothes, medicines, old books, spices, utensils, documents, etc.) No more excuses for misplacing things around the house anymore!</li>
<li><b>CFA Exam</b>: I'm preparing for the <a href="http://www.cfainstitute.org/">CFA exam</a> (a certification in Finance) and there's a TON of information to remember. Fortunately, the curriculum is organized by LOS's (Learning Outcome Statements.) So I created a separate note for each LOS to better organize the information overload. Even better, the "Similar Notes" feature helps tremendously when it finds LOS's with overlapping topics.</li>
<li><b>Recepits</b>: I <a href="http://www.relayrides.com/">rent out my car</a> and need to keep track of expenses that I incurred as a result to deduct during tax time. I also photograph receipts of big ticket items (generally $100+) in case I need to return them or use the warranty.</li>
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<br>I will elaborate some of the ideas above in future posts. Do you have any new ideas for using Evernote? Please share them in the comments below!<div>
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<br></div>JJhttp://www.blogger.com/profile/17144590144903429873noreply@blogger.com0