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Jason
New Member
Joined: 1 year  ago
Posts: 2
22/09/2016 10:43 pm  

Preview post ideas here, and comment, critique and potentially shape them!  Also feel free to post ideas or drafts of your own posts - and they might get published!

Edited: 1 year  ago

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Jason
New Member
Joined: 1 year  ago
Posts: 2
22/09/2016 10:44 pm  

In writing yesterday's post, I was inspired to challenge myself, and you, to saving or earning an additional million cents within 1 year.

If we are successful, we will each have made an extra $10,000. (TEN THOUSAND DOLLARS!)

Some Rules:

- Cents Saved/Earned will be a new metric added to relevant posts.

  • Cents saved can either be actual cents saved or a conservative calculation of expected cents to be saved in a 1 year period.  If a calculation is used, the score must be adjusted, updated or changed if any of the underlying assumptions change.
  • Cents saved will be normalized to add back taxes theoretically paid if it were income, and earnings will be reduced by a typical tax rate in this calculation.
    • The idea behind adding back taxes to savings is that savings that are not taxable are worth more, and post-tax earnings are worth less.

- Cents Score will be also be added to relevant posts.  The Cents Score is the total amount of pennies saved to-date in the road to a milly.

Cents Score: ______


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nchong
New Member
Joined: 1 year  ago
Posts: 1
30/09/2016 10:52 am  

Second!


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mmothawtari
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Joined: 8 months  ago
Posts: 1

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hersconvinous
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Joined: 8 months  ago
Posts: 1

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