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Income Protection Considerations for Growing Families!

8 August 2011 Sören Zschoche 22 Comments Entertainment, General

There’s a lot to think about as your family grows. Will our house be a safe and nurturing environment for the kids? Which parent will stop working? How will your kids be educated and disciplined? The questions seem to be never-ending! Today we deconstruct one niche, but common, issue for Australian families – how should my income protection insurance policy change as my family grows?

Should the Non-Working Spouse Be Insured?
Many companies now offer income protection policies that pay a benefit if a non-working spouse is unable to fulfil their household duties. This recognises that although there is no monetary income on which to base benefits, this partner makes a contribution to the house which could only be replaced with money if they were injured. Homemaker income protection can help pay for cleaning, washing and cooking services, and more.

However, remember that this type of income protection may not be tax deductible, as a standard policy would be.

Should You Choose a Shorter Waiting Period?
Having a family usually means more bills that are more urgent. You don’t have the same flexibility in your expenses that you do as a childless family, and so you may want to think about choosing a shorter waiting period so that benefits can be paid sooner after you become disabled.

Is Your Cover Guaranteed?
If you’re in relatively good health and with a growing family, now is the time to check that your income protection cover is guaranteed. Your policy document should have a statement saying something like “We guarantee to provide cover for as long as you continue to pay your premiums as and when due, regardless of changes in your health or circumstance”.

Are Pregnancy Complications Covered?
Growing your family is usually a long term project! Even if this pregnancy is uncomplicated, you should check whether your income protection plan pays out for complications of pregnancy that would prevent you from working. This may be useful if you plan for your new bundle to have siblings in the future.

Are You Getting the Best Deal?
There are plenty of informative and neutral price comparison sites for income protection insurance, which take the legwork out of ensuring you
have the best income protection deal.

Utilise these comparison sites, and you may have a little extra cash to spend on nappies and toys!

Motorcycle On-line

6 August 2011 Sören Zschoche 4 Comments Entertainment

Summer is here and there is nothing better than going for an afternoon ride on my motorcycle.
Last year I purchased a Honda Gold Wing and absolutely love it. The ride is very comfortable for me
and my wife but I would like to have a way to communicate with her. I have been looking online for
several months but everything I have found has been very expensive. I recently found a website cycle-
who has helmet communicators and they were much cheaper than buying the helmet with
the communication system already installed. When I ordered the communication device I even received
free shipping. I have been using cycle-parts now over the past few weeks to order several different
motorcycle accessories and have been very happy with the customer service, shipping and products
offered. They even sell aftermarket parts which has saved me a lot of money. I don’t have a local
motorcycle dealer in my area so this website has saved me a lot of time, hassle and gas! This online
motorcycle parts company has definitely won over my business and I plan on doing much more with
them in the future.

The 5 richest criminals of all time

18 April 2008 Sören Zschoche 429 Comments Entertainment

It´s not a big secret you can get rich as a criminal very rich,but if you believe Al Capone was the richest and greatest gangster who ever stepped on our planet you´re at fault. He was not even one of the first 5 richest criminals.

1. Pablo Emilio Escobar 1949 – 1993 9 Billion USD

Pablo Escobar was definitely the greatest and richest criminal the world hasA wanted poster of Pablo Escobar ever seen. In 1989 Forbes listed him as the seventh richest man in the world with an estimated net value of 9 Billion USD.Escobar was born in Colombia where from he estimated a drug cartel of incredible proportions. He had submarines, planes, and employed nearly every inhabitant of his hometown Medellin. On top of his career he even tried to become the president of Colombia, raged a court with tanks and build his own personal jail. All the same Palbo Escobar was shot in 1993 by an American special force.

2. Carlos Lehder 1950 – ? 2.7 Billion USD

According to my investigations the second place goes to Carlos Lehder. He worked together with Pablo Escobar and was one of the co-founders of the Medellin Cartel. His estimated net value was taxed on 2.7 Billion USD.

3. Susumu Ishii 1924 – 1991 1.5 Billion USD

Susumu Ishii was born in Tokyo in 1924. one of the heads of the Ingawa-Kai , Japan´s second largest “yakuza” underworld syndicate. Also he was the 5th soho of the Yokosusa-ikka. His estimated net value amounted to 1.5 Billion USD, which he earned through various loans, banking deals, and real estate scams. But as the Japanese economic bubble burst, Ishii was no longer “the world’s richest gangster”. His assets a his health declined rapidly, and diet one year later.

4.Anthony Salerno 1911 – 1992 600 Million USD

Anthony “Fat Tony” Salerno was a member of the American Cosa Nostra and the front boss of the Genovese crime family. He was born and raised in East Harlem, New York where he worked one´s way up to the top of New York’s mafia as a basher and shylock. In November 1984 the Chicago mob sent a messenger to ask Fat Tony to lay off in Vegas. The FBI had tapped Tony’s club where the meet was and that was the beginning of the end. Had Tony gone to meet with the Chicago boys in one of the Chicago Hotels maybe things would have ended differently. In 1986 he was sentenced to 100 years prison by the “Mafia Commission Trial” where he died in 1992.

5.Meyer Lansky 1902 – 1993 400 Million USD

Meyer Lansky was born in Grodno Russia and emigrated with is family to the U.S.A in 1911, where he settled down on the East Side of Manhattan. At the age of 25 he established gambling operations in Florida and Cuba in a time long before credit card machines. Later he realised own vulnerability to tax evasion prosecution, in response he transferred illegal funds from his growing casino empire to Europe. A few years later he even bought a complete offshore bank in Switzerland.

The only problem by getting rich as criminal is that you probably won´t life very long so don´t get into mischiefs … ;)

The Biography of Warren Buffett

8 April 2008 Sören Zschoche 1 Comment Entertainment

Warren Buffett, the world richest man of the year 2008, a big philanthropist and probably the best investor of his days. These seven movies show us who he is, where he came from and how he made such an enormous amount of money.

Click to play the movies.

Part I

Part II


Part IV

Part V

Part VI

Part VII

The top 5 April fool hoaxes of big companies

4 April 2008 Sören Zschoche 3 Comments Entertainment

Google & Virgin Spaceship Source: Toptechnews.comEvery year it´s time for the April Fool hoax and also in this year many companies, newspapers, websites, television programs and other organisations took delight in foxing their clients. Here are the 5 most crazy statements of big business concerns.

1. Google Inc.

In Australian Google advertised a search engine which gets results of events 24 hours before they happen. Also Google announced in a kind of joint venture with Virgin Blue to set up a permanent colony on the planet Mars. Larry Page, Sergej Brin and Richard Branson, the CEOs of the two companies, want to start their spaceship in 2014.


The furniture store announced to build the first drive-through furniture store in Berlin. “Assortment, loading and snacks everything just for 10 Euro extra”.

3. Virgin Blue

The CEO of Virgin Blue Richard Branson advertised for tickets for half the price, the catch was that you had to stand the whole flight. That the “Chair free fares” had just been an April Fool´s joke was terminated by booking them online.

4. BMW

The German car-maker promoted a “dog-deflector” in Great-Britain. The system recognises when a dog wants to piss at your car – and distributes electric shocks.


XBOX 360 Recon Edition Source: Microsoft

Microsoft presented 3 new products which actually wouldn´t be such a bad thing. A helmet with a monitor on the visor, an original X-Box made of wood and a board game with live interaction. But in my opinion the best idea was a X-Box 360 Recon Edition.

What you can learn from the movie “Wall Street”

10 March 2008 Michael Szumielewski 7 Comments Entertainment

Wall Street If you are truly in investing, you surely have to know the movie Wall Street with Michael Douglas and Charlie Sheen. This is one of my favorite movies about investing. For those of you, who have not seen it yet, here comes a quick review.

Bud Fox (Charlie Sheen) is a Wall Street stockbroker in the early 1980′s with a strong desire to get to the top. Working for his firm during the day, he spends his spare time to get a job from the high-powered, extremely successful (but ruthless and greedy) broker Gordon Gekko (Michael Douglas). Fox finally meets with Gekko, who takes him under his wing and explains his philosophy that “Greed is Good”. Taking the advice and working closely with Gekko, Fox soon finds himself swept into a world of “yuppies”, shady business deals, the “good life”, fast money, and fast women. Something which is at odds with his family including his estranged father (Martin Sheen) and the blue-collared way Fox was brought up.

So, what can you actually learn from this movie? There are lots of interesting quotes in it. Just take a look and make your own opinion.

Quotes from Gorden Gekko

I loved it at 40, it’s an insult at 50. They’re analysts, they don’t know preferred stock from livestock, alright? When it hits south, we raise the sperm count on the deal.

Hope you’re Intelligent.

This is the kid. Calls me 59 days in a row, wants to be a player. Oughta be a picture of you in the dictionary under ‘Persistence’, kid.

Now, listen, Jerry, I’m looking for negative control. Okay? No more than 30, 35 percent. Just enough to block anybody else’s merger plans and find out from the inside if the books are cooked. If it looks as good as on paper, we’re in the kill zone, pal. Lock and load.

Lunch? Aw, You gotta be kidding. Lunch is for wimps.

What the hell is Cromwell doin’ givin’ a lecture tour when he’s losing 60 million a quarter? Guess he’s giving lectures on how to lose money. Jesus Christ…if this guy owned a funeral parlor, no one would die! This turkey is totally brain-dead! OK, alright, Christmas is over, and business is business. Keep on buying, dilute the son of a bitch! Ollie, I want every orifice in his fucking body flowing red.

Blow ‘em away, Ollie. Rip their fucking throats out. Stuff ‘em in your garbage compactor.

Bud Fox, I look at a hundred deals a day. I choose one.

I don’t like losses, sport. Nothing ruins my day more than losses. Now you do good, you get perks, lots and lots of perks.

The most valuable commodity I know of, is information

The public’s out there throwin’ darts at a board, sport. I don’t throw darts at a board – I bet on sure things.

Every battle is won before it’s ever fought. Think about it.

You ever wonder why fund managers can’t beat the S&P 500? Because they’re sheep, and sheep get slaughtered.

And if you need a friend, get a dog. It’s trench warfare out there pal.

You see that building? I bought that building ten years ago. My first real estate deal. Sold it 2 years later, made an 800,000 dollar profit. It was better than sex. At the time, I thought that was all the money in the world; now it’s a day’s pay.

You work hard? I’ll bet you stayed up all night analyzing that dogshit stock you gave me, huh? where’d it get you? My father, he worked like an elephant pushing electrical supplies and he dropped dead at 49 with a heart attack and tax bills.

Money never sleeps, pal. Just made 800,000 Hong Kong Gold, it’s been wired to ya. Play with it. You done good, but you gotta keep doing good. I Showed you how the game works, now school’s out.

The point is, ladies and gentlemen, that greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms – greed for life, for money, for love, knowledge – has marked the upward surge of mankind, and greed – you mark my words – will not only save Teldar Paper but that other malfunctioning corporation called the USA. Thank you.

More quotes on Wikiquote. And now, do not forget to watch the movie ;)

How much is our planet worth?

3 March 2008 Sören Zschoche 3 Comments Entertainment

What would be the value when you put together all financial stocks all stocks, bonds, fonds and bar money, which exists on our earth ? This was the question the international management consulting firm McKinsey & Company asked oneself in the year 2005. OK as in 2005 so today this question can never be answered to the cent because the international capital amount is swaying every day and most time it´s rising.

But in spite of that the total amount which the company calculated is impressing. In 2005 the total amount of all financial stocks was amounted to 140 trillion US Dollar. To clarify how much money that is here a few examples what you can buy for it.

  • 800000 Boeing 747 planes each for 175 Million USD
  • 777777777 Lamborghinis each for 180000 USD
  • or just bars of chocolate each for 0,50 Cent

That would be a funny thing but I don´t think that the would would be so happy if you would spent its money in such useful investments. By the way its also very interesting to see how the money is allocated on our planet and which county is the richest. So here you got a list of the most richest countries of the world.

  1. United States of America ……………………………………………………. 47,612 Trillion USD
  2. Euro-Area ……………………………………………………………………… 26.567 Trillion USD
  3. Japan…………………………………………………………………………….17,323 Trillion USD
  4. Emerging Asia ………………………………………………………………… 9,581 Trillion USD
  5. U.K. ……………………………………………………………………………….6,710 Trillion USD
  6. Australia, New Zealand and Canada …………… …………………………..5,046 Trillion USD
  7. Other Western Europe ………………………………………………………….3,620 Trillion USD
  8. Latin America …………………………………………………………………….2,554 Trillion USD
  9. Hong Kong, Singapore …………………………………………………………1,820 Trillion USD
  10. Eastern Europe ………………………………………………………………….1,780 Trillion USD

Note: Just one percent of all terrestrials are holding an amount of 40 % of the 140 Trillion USD. Two percent (including the one percent from the first sentence) are holding an amount of 51 % of all belongings of the world, and the richest 10 % are holding an amount of 85 % of all belongings. Backwards 50 % of the poorest people are not even holding 1 % of the world´s capital.