Money

Question: money....??????? I'm going into 8th grade and I just turned 13. So, I am on a cash flow problem, how can I make money, other than babysitting-i already do that, and i dont have to many customers. also labor laws, how old do you have to be to work at like a pizza place or something! Thanks

Answer: You can see if your local area has a Job Training Program Assistance. (JTPA) I used to do that when I was under the age of 16. You can also check this site out to check to see if there is a age requirement for any of the income opportunities at http://www.mymoneytomanage.com Also check this site out for rules of working under 16. http://www.citizensinformation.ie/categories/employment/starting-work-and-changing-job/young-people-at-work/protection_of_young_people_in_employment

Question: MONEY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!? do you think making things out of duct tape and selling them a good way to make money in the 6th grade? (i don't get an allowance)

Answer: Well.... Just to let you know, you got to try VERY HARD in order to pull that off... But if you want money, then there's a few easier way for a kid your age to get it. 1) Offer neighbours that knows and trusts you, To possibly water their plants or feed their animals if they are going to be away for little while. Or any other odd jobs that they may require you to do. 2) Collect as many cans and bottles as you could and recycle them at a recycle depot (ask someone older to help to make this easier to do) 3) If there's no soda machine in your school, then buy a 12 can box of Soda, and sell it for $1.00 per can. But if there is a Soda Machine, and if it's selling soda for $1 too, then sell yours for $0.90. OR you could sell candies to your friends or some younger students during school hours. (Careful with this one idea, because most schools forbids students from selling things on school ground) 4) collect spare change from the sidewalk, under the couch or anywhere that you can find spare change from and put them all into a jar.

Question: mOnEy!!!!!? What is a quick way to start earning money like u see all those stupid buy these properties and sell them to make tons which u can't actually believe it. Please no answers like leomenade stand, and babysitting i already babysit.

Answer: GET A GOOD PAYING JOB!!!!

Question: MoNeY!!!!!!???????!!!!!!!? Anyone know how to make 20 bucks by friday i dont get money for doing chores. by the way im 15

Answer: Chick-Fil-A hires at 14. Culver's hires at 15. And I think Winn Dixie hires at 15 too, but I'm not sure. Good luck! (:

Question: What is the difference between commodity money and representative money? A) Commodity money consists of objects used as money that contains their own value, but representative money is a specific group of the commodity objects B) Commodity money consists of objects that have value in and of themselves, but representative money makes use of objects because the holder can exchange them for something else of value C) Representative money allows objects to be exchanged for something else, but commodity money has value because the government decreed it is an acceptable means to pay debts D) Representative money consists of objects that have value in and of themselves, but commodity money makes use of objects because the holder can exchange them for something else of value

Answer: There is NO easy money folks. You can make money online but it takes more work than most think. Many just simply give up... meh...here's the real truth. http://flyingpantz.blogspot.com Who can resist pants of justice? Especially ones that fly! BUT really though it's a good read. I'm not trying to sell anything. Just my blog and some of the things I do daily. Visit the "Money Articles" section.

Question: How is money released in the market? How, on what basis and how much money is released? Government makes money (literally). But then there must be something productive done for a society to prosper so people serve each other through some service or product. However as such I or you cannot create money to pay for someone's service/product. How is money created by governent released in market, on what basis government releases money? What is role of RBI ? when government releases moeny in market is it buying something in return but then who does it buy from ? Somehow, somewhere services/products created by society are finally getting to RBI (so that it can release money) but how ? Please explain.

Answer: money is released through banks. some money is made to replace old, torn money. other money is made for new gold mined. your money is literally a representation of how much government gold you own, that's why rising gold prices are the first sign of inflation.

Question: Money making ideas for girls raising money for our church? We are collecting money to redecorate our youth group room so it doesn't look like death. We need as much money as we can get. What are some ways to earn money? Aside from: raking leaves car wash asking for donations walking dogs babysitting other various yard work No Aniekd you misunderstood. Those are ideas we ALREADY have. I didn't want people to suggest them because we are already planning on doing those things.

Answer: have a bake sale during sunday morning church services for a couple weeks!!! have all the girls bake something sweet (as a donation to the bake sale) then all of the money you get will strictly be profit spent on redecorating :)

Question: How much money do I have to take with me after getting my work visa for Australia? I want to know how much money I should have before entering Australia as a single baker. This money should be the money that I would spend on my rent and stuff like that. So, if you are into immigration rules, or you are an Australian who knows about immigration, please let me know about it. I don't want to take a lot of money, say AUD10000, just for some months until I secure myself a job. Thank you.

Answer: First off, for all of the answers to all of your questions regarding immigration, visas, Australian life in general etc, follow this link to the very informative government site: http://www.immi.gov.au How much money you will need in the first instance depends on how much you want to spend, and also on what visa you are entering Australia. If you are coming as a PR, then there is no minimum. If its a working holiday, its a sum sufficient to support yourself, often held to be $5,000. Rent will cost you anything up to $450 per week, but could be as low as $100 if you are sharing . Food will be from $50 to $100 per week depending on how many takeaways you have. Public transport at say $5 - $10per day. Then there is your going out money - which can be anything from$25 to $100 per night, depending on where you go, how much you drink, and for whom you buy drinks.

Question: How much money has passed thru your hands in a lifetime? If you had to guesstimate on average, including birthday money from relatives, your income from your job, graduation money, money from selling items, tax refunds, - not including credit cards, just cash, checks, and deposits into your checking accts. Money that has always been rightfully yours... How much do you think has passed through your hands. Give me a numeric answer. Would you consider yourself to be a millionaire today if you had saved it?

Answer: I would say around 40-50k. It was my first time cash out $4,000 in cash from the bank last week from my online business too. LoL It is nice to see they count $100 40 times. xD Not a millionaire yet but soon will be if I keep banking this much with my online venture. If you are interest, just drop me a message :)

Question: What about the money illegals make while here? If they are making money while they are here illegally, is not that money the same as money a drug maker earns? And we sieze the money and belongings of drug makers when we catch them. So, shouldn't we do the same to the money that illegal aliens make?

Answer: I would say so. It hurts the U.S. economy because they send the majority of that money back to their "home" country. That limits the money that is in the flow of the economy. By the way, it is illegal to work for a wage and NOT report it to the IRS. It is considered tax evasion and in case you think it isn't a big deal, it is the ONLY thing that put Al Capone in jail. So in my eyes it is serious enough.

Question: How is borrowing money from foreign countries any different from printing money? Both seem to add more money into the market. How come printing money causes hyperinflation, but borrowing money from foreign countries (thus injecting more money into the market) doesn't?

Answer: Borrowing money from foreign countries doesn't increase the total amount of money in circulation. Whereas printing money and spending it in the economy increases the total amount of money in circulation. USA for example borrows US dollars from foreign countries. And these US dollars foreigners bring to USA without any kind of money printing. Foreigners sell more stuff than they buy in USA. And this leaves them with extra US dollars. And instead of accumulating these US dollars under their mattresses, foreigners bring their US dollars back to USA and buy US Treasury bonds. Which transfers the US dollars foreigners have to the US government. The US government spends this money on salaries of government workers and various other things. Which transfers these US dollars back into the private economy. People in the private economy then spend these US dollars on imports from foreign countries. And this again leaves foreigners with extra US dollars. Which they bring back to USA. The money circulates through the economy like this without any increase in the total amount. And that's why there is no hyperinflation when the US government borrows money instead of printing it. In borrowing money, the only thing that increases is the amount of debt the US government owes to foreigners. Which is the amount of US Treasury bonds. While the amount of money in circulation remains the same. But not all borrowing is like this. Within the US economy, banks loan money through the so called Fractional Reserve Banking. Where banks are allowed to loan out many times more money than they have in reserve from their depositors. And this results in temporary printing of money and temporary inflation of the money supply. And it's temporary because when borrowers repay their debts to the banks. Then banks can record only the interest payments as their profit. And the extra money that was created earlier through fractional reserve banking disappears into thin air according to banking rules. http://en.wikipedia.org/wiki/Fractional-reserve_banking

Question: How much money does the Treasury typically print? They must add money to the system to account for a growing population and the international trade deficit. How much money does the Treasury typically print to counter this? If the answer is--'They Don't', then the printing of money now for the 'bailout' is a forgone conclusion to the ongoing loss of money per US capita. I'm not talking about Money Supply as it relates to the Fed's adjustments to Velocity. I'm talking about the actually physical loss of money per capita as a result of an ongoing international trade deficit and a growing population.

Answer: They don't disclose specifics like that, but it is a bit more complicated. The treasury is responsible for balancing inflation. They add money, but the also take money of out circulation to counter inflation. They also are responsible for replacing damaged bills ect.

Question: Bringing money from another country to purchase a house here? If a large amount of money like 40-50k is brought here from a foreign country, and some wants to use it to buy a house will they be taxes by IRS? I know there is a fee to transfer the money here, but should the IRS tax these money since it will be use for a house purchase. It's someone who sold a property there back in may and they have the money in the bank. The paid taxes there.

Answer: Whose money is this? Yours? Non issue as you would have been reporting the bank account(s) every year on the form TD F 90-22.1. A gift from mom and dad? Non-issue. You file an IRS form 3520. PS "It's someone who sold a property there back in may and " --if that someone is a us person (either US citizen or resident alien for tax purposes), then they a) have to report the sale on their US tax return (use form 1116 for a tax credit on taxes already paid) and report the bank account to the treasury department next June.

Question: Does it cost extra money to change a US money order to a International money order? I bought a us money order but realized that I need a canadian money order/interanational. Is it going to cost me extra to get it changed at the post office? Also can us money orders be redeemed in Canada?

Answer: You're going to have cancel the domestic MO and get a refund, then buy an international money order (or get a bank draft).

Question: How does the Fed increase the money supply? I understand how the Fed controls the Fed Funds Rate and I understand that injecting money into the system eases credit woes. However, if the Federal Reserve provides banks with more money, how does that money get translated into money in the money supply? Loans are only temporary, but the money supply increases consistently from year to year? I understand how open market operations work, but what i don't understand is how it contributes to the money supply. Money held at banks is not part of the money supply, so i don't see how OMO's can permanently increase the money supply.

Answer: Yes . The money is created out of thin air.

Question: How much money should a 14 year old have in their bank account? I am a 14 year old boy who loves money, and wants to succeed. I mow lawns, do garage sales, and a bunch of other stuff. I have nearly 2,000 dollars in my account. This is money that I have earned. After my birthday(6 months) I plan to have around 3500 dollars in it. This doesn't include my other account with a bunch of savings bonds for college. Is this a lot, or not enough? Also if you have any tips about life in terms of money it would be greatly appreciated.

Answer: Excellent attitude. However, taking advantage of a free education will make you vastly wealthier than if you have a small amount of money now. Getting extremely high grades (and investing the time and disciple they take) will be worth much, much more than a few odd jobs right now. I would also highly recommend taking classes at a local community college, rather than immediately going to a much more expensive 4-year college or university. The credits are almost always transferable, especially if the community college is reputable. Community college courses can cost hundreds of dollars per credit hour less, and you get the same education out of them....sometimes you get an even better education, since community colleges often hire members from the local area who have a high level of life experience in the field, rather than educational (ie PhD) experience. Another note to mention; low-level classes at 4-year universities are often taught by TA's (Teaching Assistants) rather than the PhD's. So you'll be paying more for the same (or even less of an) education.