You hate standard time

DST moves the sun an hour later in the day

Credit cards = Free Money

1-5% cash back at most stores

So you can either pay in cash (or debit card) and get nothing. Or you can use a credit card and get 1-5% cash back

I need to spend $300 on groceries this month. If i had a credit card that did 5% on grocery purchases (one reason for multiple cards), then I’d have an extra 15 dollars this month. 180 dollars a year just because I used a credit card for a purchase I had to make.

I could have used my debit card, and the funds could be pulled directly from my checking account. Or the funds will be pulled directly from my checking account at the end of the month when I need to pay off my balance.

If I had an emergency $300 dollar expense in the middle of the month, I would have access to $300. If i purchased the groceries with the $300 in my checking account, I’d have no funds to hold over for 2 weeks. Longer if needed, a credit card can hold a balance for a price.

There really isn’t a reason why you shouldn’t use a credit card in America, other than poor spending habits

Credit cards can even give you perks like free cell phone accident protection when paying your wireless bill

Have multiple cards with multiple limits = higher available debt

The higher your available debt, the less percent you use out of it

Debt utilization is a big part of a credit score. And just getting that down having multiple high limit cards is a strategy.

Like if I spend 5k a month. One card with a 10k limit I am using 50% of my available credit. If i had 3 cards with 15k limits, I’d be using ~10%. Using 10%>50%

Opening up cards hurts your credit score in the short term but helps in the long run. You shouldn’t close a card unless you have to because having it is going to help your score for reasons mentioned above.

Yeah, I watched one from official Tesla youtube where the guy shot it with a bunch of stuff.

It did stop the 9mm with the rounds they chose

The buck shot pierced the door and cracked the window because it was rolled down.

Buck shot is smaller caliber with higher velocity.

I need to find a video of someone trying to get a 9mm bullet to go through it rather than basically a paid advertisement.

Resistant

There is no guarantee to stop even a small caliber

Small caliber at high velocity would go straight through

You could say a thick metal wall is small caliber bullet proof because no matter what velocity, the small chunk of metal is never passing through a few decimeters of solid metal.

Small caliber piercing round at high velocity, straight through the stainless steel door.

Slap some plastic on that bad boy

You’d really trust that as a bullet shield?

Normal 9mm across the street. Probably going through

Make Ukraine the 51st state

25% tariffs means businesses need to raise prices ~33% to keep same profits

If I was selling lemonade for $1

Tariff would be 25 cents

Sell $1, pay 25 cents for tariff, make 75 cents per lemonade

If I raised my price to $1.33

Tariff would be 33 cents

Sell $1.33, pay 33 cents for tariff, make $1 per lemonade

A 25% tariff means ~33% higher prices if the company’s can get people to pay it.

So should be 33% instead of 10%

No problem!

Starting Price / (1-Tariff %) = Final Price Needed to Break Even

$5 / (1-.25) =

5/.75 = $6.67

If an item was $5 and there was a 30% tariff

5 / (1-.30) = $7.14

If there was a 30% tariff and the syrup company wanted to keep same profit they would have to sell each bottle for $7.14.

$7.14 × .30 = $2.14

$7.14 - $2.14 = $5

No, because (1 + tariff) isn’t enough to keep up with the tariff because as the price goes up, the tariff also goes up.

Like in the example going from $5 to $6.25 (5 × (1+.25)). Would result in 31 cents less per bottle.

It needs to be ~33% more or $6.67 for the syrup company to keep the same profit with a 25% tariff.

Final Price × Tariff % = Tariff Amount

Final Price - Tariff Amount = Cost of Good Sold

Cost of Good Sold - Expenses = Profit

So if you need $2 profit

$2 = (Final Price - (Final Price × Tariff %)) - Expenses

$2 = (X - (X×.25)) - $3

$5 = X - .25X

$5 = .75X

X = $6.67

Formula would be

Profit = (Final Price - (Final Price × Tariff %)) - Expenses

So if a company still wants to make $2 profit per bottle.

Company raises price to $6.25 to try to cover the tariff (25% increase)

The tariff becomes $1.56 ($6.25 × 25%)

Instead of selling for $5 price, they would sell it for $4.69 effectively ($6.25-$1.56)

Instead of making $2 profit, they would make $1.69 profit ($4.69-$3(production cost))

If they still sold the bottle for $5, paid $1.25 tariff

They would make 75 cents of profit ($5-$3(production cost)-$1.25(tariff))

Let’s say a bottle of Canadian Maple Syrup is $5 before.

25% Tariff is $1.25

Let’s say the company makes $2 on each bottle before tariff. They really need to make $2 per bottle to cover expenses

So if a company still wants to make $2 a bottle still.

If they sell for $6.25 to try to cover the tariff (25% increase)

The tariff becomes $1.56

Instead of making $5, they would make $4.69.

Instead of $2, they would make $1.69

If they sold the bottle for $5, paid $1.25 tariff

They would make 75 cents

The number for $5 is $6.67

If the company sold the syrup bottle for $6.67. Payed $1.67 in tariff (25%). They would make $2.

Now, of course, they want to sell it for $6.67. Will people pay the increased price?

They can’t just keep selling them for $5 and make basically a 1/3 of their previous profit.

Prices have to go up. How much is up to the consumer.

If the consumer is willing to buy Official Canadian Maple Syrup 🍁 for $6.67. The consumer is paying the whole $1.67 tariff.

An interesting thing happens when people pay $8. The syrup company makes an extra $1, Government gets $2 tariff. It’s a win for everyone, but the consumer that lost $3. (Kind of scary if Trump gets a Maple Syrup company in Canada, goes around, ignores, or pays himself the tariff and sells a bottle for $5. Both are true Canadian Maple Syrup, it just has his name on it. Are you going to buy the $5 or the $8? Even if you buy the $8, he gets $2)

The consumer can’t win. Free economy is better.

~33% increase covers a 25% tariff

If the price settles at $6.

Company pays 50 cents

Consumer pays $1

Trump gets $1.50

Who even is in charge of the “tariff funds”?

Like people are happy with having to pay $1 to get the company to pay 50 cents? Like that’s a win?

Sad reality is Americans should not buy anything with a tariff. Paying a premium to help support Canada seems like a good thing but if everyone does it and everyone pays 33% more. The tariff funds makes out like a bandit all thanks to the consumers.

TL;DR: Company facing a 25% tariff will look to raise prices 33%. If they can they are fine or better. Consumers lose. I really like Vermont Maple Syrup