A Former Coke Executive Built His Own Track After Losing His Driver's License

dean wills private track

In 1996, Dean Wills, a former Coca-Cola executive, lost his driver's license after he was caught speeding in his Ferrari Testarossa outside Sydney.

Not ready to give up driving his impressive car collection (including the only McLaren race car ever sold privately and many Ferraris), Wills built his own private track.

Wills is the former CEO of Coca-Cola Amatil, which distributes Coke products around Australia.

He describes his private driving mecca as a "country road" — not a racetrack, according to Australia's Daily Telegraph.

It does not have the barriers and gravel run-off areas that make Formula One tracks safe for high-speed racing, according to Ferrari Magazine, which recounted how Wills built the road in its March 2011 issue. It even has signs that post recommended speeds for the 22 corners.

Wills does not disclose how much he spent on the road, but the Telegraph estimates the asphalt to cover the 40,000-square-meter track would cost $2.4 million AUD ($2.54 million USD). It took three years to build.

The .6 mile track, on Wills' land in Kulnura, north of Sydney, is designed to be the perfect place to enjoy a good drive, without worrying about the police or the risk of hitting another car, or pedestrian.

Racing is not allowed. "We don't do lap times, the only way we measure it is how long the smile lasts," Wills' son Mark told the Telegraph.

SEE ALSO: The 17 Most Innovative Cars Of The Year

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Source: http://feedproxy.google.com/~r/businessinsider/~3/d2e1bqze4Gg/dean-wills-private-race-track-2012-12

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How Do You Fly 1 Million Miles In A Year? Ask This Guy

So you say you want to fly a million miles in one year? Easy-peasy lemon squeezy! Just hop on about 400 flights to far-flung destinations and you can match the feat of a Chicago man who’s clocked in a million miles on United Airlines in just a single year. If you’re flying for business and have already racked up 13 … [More]

Source: http://consumerist.com/2012/12/14/how-do-you-fly-1-million-miles-in-a-year-ask-this-guy/

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Here?s Another Reason To Avoid Giving Gift Cards

By this point, we’ve probably all given or received gift cards during the holidays. But most consumers don’t know how easy it is for scammers to steal value from these cards, and what a pain in the butt in can be to get that money back.

See, around this time of year, scam artists are going around and getting peeks … [More]

Source: http://consumerist.com/2012/12/14/heres-another-reason-to-avoid-giving-gift-cards/

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One Tale Of Heroism From Inside Sandy Hook Elementary School

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Hours after unspeakable tragedy struck the Connecticut town of Newtown, we're beginning to hear some incredible tales of heroism from the people who were inside.

Diane Day, a therapist at Sandy Hook Elementary School, told a remarkable story to The Wall Street Journal's Lisa Fleischer.

Day was with the principal and some other staff members when the gunshots rang out. She hid under the table, while the principal and school psychologist bolted out of the room to see what was going on.

And then, a teacher did something heroic. From the WSJ:

Without a lock on the door, the school’s lead teacher pressed her body against the door to hold it shut, Ms. Day said. That teacher was shot through the door in the leg and arm.

“She was our hero,” Ms. Day said.

The principal and psychologist were both killed.

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Source: http://feedproxy.google.com/~r/businessinsider/~3/_x2SBchwp8Q/newtown-shooting-heroes-2012-12

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Why Google Just Made iPhone King: Ads

By releasing new versions of Google Maps and Gmail for iOS this month, Google helped make the iPhone the best mobile phone on the planet. Why is Google, the owner of Android and Motorola, helping its ostensible rival?

The answer boils down to advertising. Google’s smartphone operating system, Android, has always been incidental to Google’s ad business, the source of virtually all the company’s profits, and Google’s Motorola handset division is, for now, a similar sideshow. Google doesn’t particularly care what operating system you use to view its ads or engage with its sites; it just wants to pull you in. Google pumps money into Android mainly to ensure that companies like Apple and Microsoft can’t push its properties off of smartphones.

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Source: http://feedproxy.google.com/~r/businessinsider/~3/Y-U6OJrVobA/

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Kim Jong-Un Smokes A Cigarette While Watching His Rocket Launch [PHOTO]

Sprint May Partner With Dish For A Joint Wireless Service

While it is unclear what the terms of any potential agreement would be, or even if the talks will proceed further, it does seem possible considering that Sprint has been looking for a replacement ever since its deal with LightSquared met an early demise after the latter failed to receive approval to use its satellite spectrum for LTE earlier this year

Source: http://www.forbes.com/sites/greatspeculations/2012/12/13/sprint-may-partner-with-dish-for-a-joint-wireless-service/

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Creative Budgeting Tips for Christmas and the Entire Year

Before anyone talks about how it?s too late to save for this Christmas, we would like to point out that it?s never too late to save for an upcoming gift-giving celebration. Obviously, it?s better to start early, which is why putting a plan in place now for your 2013 special occasions is a great idea.

But it?s never too late to save.

Just figure out how much you want to spend, lay out a plan for doing it (such as working extra, selling something, or just simple budgeting), and you?re on your way! Our free custom Christmas budgeting form can help too.

So how do you put together a spending plan in April, or nine weeks out from the event, or while planning for a party that?s 11 months from now? Leave that to the members of My Total Money Makeover! Check out their budgeting tips below. They are easy to implement now and throughout 2013 so you?re set for success all year long.

Extra Paychecks

For people who are paid every two weeks, there is generally an extra pay period twice a year. I use the extra December check this year to cover Christmas. It?s easy. It does not alter my regular monthly budgeting. It is a set, predictable amount. I then create a separate budget for that check. It has to cover presents, special food, Christmas cards, postage, Christmas charities like the Salvation Army bucket, office treats, etc.  ?Jana in Minnesota

A Better Way to Regift

For my budget, I purchased one gift per month starting in September. Also, any birthday gift cards I receive, I use to buy Christmas gifts for other people. It's still for me, but I used my gift to alleviate budget stress and to give to others. I like it. ?Kristie in North Carolina

Got Any Quarters?

Each year I save all of the quarters I receive throughout the year. The quarters I get after filling the car with gas, the quarters received after purchasing groceries ? the list goes on and on. Each year I have around $500. I simply take my jug to the bank so they can exchange it for paper bills. Whatever is there is what I get to spend on gifts. ?James in Minnesota

Gift the Cards

I use the points I earn from my debit card to ?buy? gift cards for my family. They are none the wiser, and my points usually end up right where I need them to be! I don't go into debt, yet I still can get gas, food and merchandise gift cards. It's a win-win to me! ?Jamie in Ohio

Plan Ahead With This Simple Strategy

The overwhelming number of submissions we got on mytotalmoneymakeover.com suggested a very simple and basic strategy. At the beginning of the year, determine how much you want to spend on Christmas. Factor in all the people you want to buy for, spending limits, etc. Divide that dollar amount by 12 and save that amount each month. If you want to spend $1,000, then you set aside 83 bucks a month.

It?s much easier to save $83 a month than it is to spend $1,000 in a mad panic. Even more than that, when you put Christmas on a credit card, you won?t just spend $1,000. Between buying more than you need and paying interest charges, it will be considerably more.

Making a budget for Christmas is good?making one for every month of the year is even better! There are thousands of My Total Money Makeover members making and living on a budget every month. It?s easier than you think! Our budget wizard will get you started in minutes. Sign up for a free trial today and see for yourself.

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Source: http://www.daveramsey.com/article/christmas-budgeting/lifeandmoney_budgeting

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China Wins, U.S. Loses In A123 Bankruptcy

It is a triple irony. U.S. borrowed money from China to subsidize a battery company to compete with state subsidized Chinese battery companies. The American company gets bought out by a Chinese company for about the same amount of money that the U.S. government gave it. The U.S. still has to pay the money back to China. The Chinese company buying the American company makes a lot of money by providing auto parts for the cars that Americans drive.

Source: http://www.forbes.com/sites/greatspeculations/2012/12/12/china-wins-u-s-loses-in-a123-bankruptcy/

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