When i paid the $2,000 per annum entry levy for the Marina Bay Sands Casino on Jan 2, I knew I must visit more than 12 times to make the sums work for paying the levy in advance, instead of paying $100 each time I visit.
Also, apart from the upfront payment, I have given up the flexibility of visiting the casino fewer than 12 times during the next 12 months. Because if I go fewer than 12 times, I would in effect be paying more than the government mandated $100 per day levy.
However, I know for sure that I would visit MBS more than 12 times in 2011. I intend to anyway.
Where is the break even point for me? I guess 20 times should do it for me, or two visits over 10 months. That means I would be paying a $50 per visit levy.
Still, that would depend a lot on whether my luck holds out on most of the visits.
If I lose more money than I win, then I may not visit as often as twice a month. On the other hand, if I win more than I lose, then I may even make more than 20 visits over the year.
Stay tune on this blog for more about whether the sums work out for me at MBS!
Showing posts with label money. Show all posts
Showing posts with label money. Show all posts
Sunday, January 30, 2011
Tuesday, November 10, 2009
Money and happiness
Money may not buy happiness but a sad person without money will be sadder still.
People who say money may not buy happiness will already have oodles of moolah. My wish is that they lose the oodles. Then they can truly say if it's better to be sad with money or sad without money. And whether they are in fact happier with NO money. Then I'll be able to say who is the liar.
Before anyone says money will not buy happiness, he had better speak to
People who say money may not buy happiness will already have oodles of moolah. My wish is that they lose the oodles. Then they can truly say if it's better to be sad with money or sad without money. And whether they are in fact happier with NO money. Then I'll be able to say who is the liar.
Before anyone says money will not buy happiness, he had better speak to
- the person who has not had a decent meal for years for lack of money;
- the parent whose baby is crying itself hoarse because its dad hasn't the money to buy it milk or take it to a doctor
- the elderly woman who is sick and yet has to clean the dirty public toilets at a hawker centre because if she doesn't, she'll not only be sick but she'll starve as well
- the sickly old man pushing his invalid wife in a broken-down wheel-chair over uneven ground to try and get to shelter before the drizzle turns into a tropical storm.
Critical mass
Critical mass is a concept that everyone should be taught as a child so that he/she can internalise it to benefit himself/herself and others.
It's an idea illustrating the point that an army of ants can overcome an elephant.
In money terms, it means $1 earning interest at 10% per annum will not match $1m earning 1% per annum.
It's an idea illustrating the point that an army of ants can overcome an elephant.
In money terms, it means $1 earning interest at 10% per annum will not match $1m earning 1% per annum.
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