Money Question [Need Shortcut Way]

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  • Thread starter zidan3311
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In summary, there is no easy or guaranteed way to make money quickly. Saving money involves creating a budget and making smart financial decisions. Investing wisely requires research and diversification. Some common money management mistakes to avoid include overspending and not having an emergency fund. To improve your credit score, pay bills on time and monitor your credit report for errors.
  • #1
zidan3311
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hello all.

my question :

John's money = 2/5 from SGD24000
Mike's money = 1/2 from John's money
Felix's money = 1/3 from Mike's money

determine all (sum) money them?

i have tried :

for John's money = 24000 x 5/2 = 60.000
for Mike's money = 1/2 x 60000 = 30000
for Felix's money = 1/3 x 60000 = 10000

sum of total money = 60000+30000+10000 = 100000

do you have more simple step/formula? maybe with ratio approach..

thanks..
 
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  • #2
zidan3311 said:
John's money = 2/5 from SGD24000
What does that mean?

Also: 1/3 * 60000 = 20000, NOT 10000
 
Last edited:

FAQ: Money Question [Need Shortcut Way]

How can I make money quickly and easily?

There is no guaranteed shortcut or easy way to make money. It requires hard work, determination, and often some level of risk-taking. Avoid get-rich-quick schemes and instead focus on building a sustainable and diverse income stream.

What are some ways to save money?

Some common ways to save money include creating a budget, cutting unnecessary expenses, shopping around for the best deals, and investing in long-term savings or retirement accounts. It's important to also regularly review and adjust your savings plan as needed.

How can I invest my money wisely?

Investing wisely requires research and understanding of the market. Some options include investing in stocks, real estate, or mutual funds. It's important to diversify your investments and seek professional advice if needed.

What are some common money management mistakes to avoid?

Some common money management mistakes include overspending, not having an emergency fund, not investing for the future, and not tracking expenses. It's important to have a budget and regularly review your finances to avoid these mistakes.

How can I improve my credit score?

To improve your credit score, you can pay your bills on time, keep your credit card balances low, and limit the number of credit applications you make. It's also important to regularly check your credit report for errors and dispute any inaccuracies.

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