- Freedom is that instant between when someone tells you to do something and when you decide how to respond. #
- RT @keepinspiringme: Win a Canon EOS 450D SLR camera by simply tweeting the #kimcanon hashtag. #
- RT @mbhunter Carnival of Personal Finance: Parts-of-speech abuse edition http://bit.ly/7cyAqV #
- Note to self: While misusing the faucet sprayer may make me giggle, my wife is not so appreciative. #
- RT @copyblogger On Dying, Mothers, and Fighting for Your Ideas http://bit.ly/7gZgW3 #
- Blackberry? Good or Evil? #
- Round 1: Me v Snow. Winner: Me. #
- RT @The_Weakonomist: Men, I've learned that in relationships, you can be happy, or you can be right. #
5 Ways to Change Your Spending Habits
If you keep doing what you’ve always done, you’re going to keep getting what you you’ve always gotten. One of the hardest things about getting out of debt is changing your habits. You need to break your habits if you’re going to get yourself to a new place, financially.
How can you do that? Habits aren’t easy to break. Ask any smoker, junkie, or overeater what it takes. There are a lot of systems to break or establish habits, but they don’t all work for everyone.
Here are my suggestions:
- Commit to just 30 days. I’m a big fan of doing new things for 30 days. If you can do it for a month, you can do it forever, no matter what “it” is. For just one month, don’t buy anything. I don’t mean avoid buying groceries or toiletries and I certainly don’t mean to stock up on new crap the day before your 30 day spending fast or rush out for a shopping spree on day 31. Just don’t buy anything for a month, no exceptions but the things necessary to stay alive and healthy. No movies, no games, no cars, no toys, and no expensive meals. Just 1 month.
- Switch methods. If you pay for everything with a credit card, restrict yourself to just cash. If you pay cash for everything, switch to a credit card. Breaking your long-established habits is a way to get used to spending consciously: taking the time to think about what you are doing, instead of just spending mindlessly.
- Identify your spending triggers. I can’t go into a book store and come out empty handed. So, I avoid bookstores. My wife has problems with clothing stores. A friend can’t walk out of a music store without some body piercing equipment. What are your triggers? What makes you spend money without thinking? Figure out what those things are and then avoid them like the plague…or the clap.
- Quit buying things for pleasure. Buying things makes us feel good. It sends a rush of endorphins through our bodies. The more we get that rush, the more we crave that rush, so the more we do to get it. You need to stop that. Before you buy something, ask yourself if it’s something you actually need, or if you just want a pick-me-up.
- Avoid shopping online. E-commerce sites make it far too easy to buy things at a moment’s notice. You don’t have to think about what you are doing or if you actually need whatever you are buying. You just buy. The best way too avoid them is to delete your credit card information from any site that save the information and delete the sites from your bookmarks. Whatever you can do to slow down the buying process will make it easier to avoid buying things, which can soon be stretched into NOT buying things at all.
Habits—especially bad habits—are hard to break. There is an entire self-help niche dedicated to breaking habits. Hypnotists, shrinks, and others base their careers on helping others get out of the grip of their bad habits, or conning them into thinking it is easy to do with some magic system. How do you avoid or break bad habits?
Saturday Roundup
- Image via Wikipedia
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Day 18 of the 30 Day Compact. We’re doing well, but not perfect. My cousin is getting married next week, and I’m not going to buy used for that. That makes it 1 purchase so far this month, not counting food or consumable hygiene items. That’s not too bad!
The Best Posts of the Week:
Yahoo put 1000 computers to work for 23 days and found that the 2 quadrillionth digit of pi is 0. Just for the geek of it.
If you are habitually late, you are rude and selfish. Don’t leave other people waiting for you.
Just letting my inner survivalist out for a minute: Always watch what’s going on around you and don’t put yourself in a situation that makes you an easy victim. I strongly recommend a “Refuse to Be a Victim” class for everyone, especially–to let out my inner chauvanist–women.
For Halloween this year, I think I’m going to go as sexy Big Bird.
And finally, how much of your weekly 168 hours are you wasting?
Finally, a list of the carnivals I’ve participated in:
Nada. I forgot to submit any posts to any carnivals last week. I’m a sad clown.
Does Money Make Miley Cyrus Act Crazy?
If you’re like millions of people who saw Miley Cyrus’s performance at the MTV Video Music Awards recently, you’ve probably wondered what the effect of massive success on the music and acting star. Cyrus seems to be
doing everything possible to remake her image in the exact opposite of her squeaky clean mold that Disney and other companies have created for her over the last several years. (A rumor has it that Disney even created a contractual obligation for Cyrus to maintain a certain haircut during her “Hannah Montana” television show.) There’s a sense of someone taking on their first sense of independence, and running with it — the star seemed to be sending the message to the audience that she was not going to live according to the expectations of others anymore, and from the look of it, they got that message loud and clear.
The horrified looks of Rihanna, Drake, and Will Smith aside, the real question people had is whether the massive financial rewards of Cyrus’ singing career can explain her crazy behavior. Cyrus is said to be worth about $100,000,000 — certainly a fortune by any standards. And since she is still struggling with the problems of young adulthood — forming an identity, understanding her values and taking a place in society, it’s very likely that her finances contribute to at least some of her behavior.This effect of money can come from many different areas of life. For one, many people who become wealthy at a young age are suddenly struck with the fact that they have no need to work, but who often want to develop a career and contribute to society. Take Steve Jobs for example, who at 31 years old was fired from Apple Inc. by the company’s board of directors. Jobs had in fact started the company himself, and was worth well over a hundred million dollars by that time. And yet, feeling like contributing to society was more important to his life than resting on his laurels, Jobs started a new company, NeXT, where he hoped to contribute inexpensive computers to universities.
The fact that Cyrus is barely into her 20s should tell you something about how much time she has to develop her career. She has enough to retire at an age when most people are just starting their first real job. And that is a tough position to be in. If she is hoping to push her singing and acting career well into adulthood — as most artists would like to — it may be that she is trying to make her mark now. Think of it a bit like Bob Dylan in 1964, releasing electric music for the first time, when before that point he was primarily known as a folk singer making gentle acoustic music.
Dylan’s idea may have been a bit like what Cyrus’ is. That is to say, maybe Miley Cyrus is trying to avoid becoming a has-been, a relic of the 2000’s who burned out playing inoffensive pop music. If this is the case, Cyrus may be able to shift her career into a different mode by showing herself to be an uncompromising artist. Remember that even the greats of the past — Frank Sinatra for example — were once viewed as essentially music for teenagers, and not serious artists. Sinatra even suffered career failure in his 20’s when his audience grew up and moved on to other things. But he came back to record success when he began allowing his music to mature and his ideas to gain focus. If Cyrus can pull such a move, she may not be remembered as a teeny-bopper, but as a serious artist.
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Payday Loans Suck
- Image by vonglee via Flickr
A few weeks ago, I was approached about placing ads on this site. I was excited when I read the email. It came from a real domain, didn’t involve any Nigerian princes or wire transfers for overpayments.
Over the course of the email conversation, it was determined that, for a fee, I would place some links in a few archived posts. It would just be links to improve search engine ranking, without being an eyesore for my current readers. I don’t have a problem with that. The intrusiveness is similar to Chitika ads, which are only visible to search traffic. It’s a nice way to advertise: monetization without alienation.
Then I saw the links. I was being offered money to promote payday loans.
Payday loans offer to loan you–for example–$100 for the low(snort) price of just $25. That’s not bad. Only 25%. I know some credit cards that aren’t that good. The catch is that the loan is due in full in 2 weeks. That gives it an APR(Annual Percentage Rate) of 650%. That’s not so good.
When you payback the loan, your paycheck is pre-spent by whatever you borrowed, plus the pound of flesh fee and you are that much more likely to need their services again, digging you even deeper.
It’s not like the target demographic is terribly affluent. These are people who not only can’t make ends meet, but also can’t acquire traditional credit. They are left paying this insulting fee.
I consider payday lending companies to be immoral, unethical and generally, more than a bit dishonest. These are the people who give decent, hardworking capitalists a bad name. I’d rather go to a mob loan shark. He’s at least honest about what he is.
They got shot down.
Don’t get me wrong, I enjoy making money. I also enjoy the money I make here.
But not at the expense of my soul or my integrity.
Thug-cenomics
Recently, a friend of mine told me about a friend of his who was attacked by a flash mob. This was a negative flash mob, not the fun kind.
She was walking down the street with her phone in her hand when around a dozen thugs surrounded her, knocked her down, and stole her phone before running off.
With me being the person I am with the hobbies and side-hustles I have, certain things came to mind.
- This is why standard capacity magazines should never be outlawed. Sometimes, a six-shot revolver just isn’t enough.
- Before anyone complains about #1, when you are beaten to the ground by a pack of violent thugs, the length of your life is up to them, not you. They are the problem.
- Walking down the street while talking on your cell phone is not the best way to stay aware of your surroundings. Would she have been able to get away if she had been paying more attention to the thugs on the corner than her conversation? I have no idea, but it’s certain that talking on a cell phone is a distraction.
- Walking down the street with an expensive gadget in your hand is asking for trouble.
- What were these thugs thinking? Even a $500 cell phone turns into a $50 mp3 player the moment the victim gets to a real phone to call the cell phone company. That’s a generous $50 payout. With 12 people, that’s means everyone gets $4.10 as their share. The federal poverty level is just under $12,000 per year, which means they would have to do this 8 times a day, just to get to barely enough money to survive.
In Minnesota, this is, at a minimum, 3rd degree assault, which carries a possible 5 year sentence and $10,000 fine. That’s 8 public attempts to throw away 5 years of their lives, every day. How can they consider this a good risk.
It was pointed out to me that this thuggery is probably made possible by direct government sponsorship, in the form of welfare checks, so this is probably just a way to pass the time. Somebody should tell those brutes that welfare checks stop when you’re in prison.
So I’m considering launching a basic economics class for thugs and street rats. I want to teach them how to do a risk assessment by comparing the level of loot to the possible outcomes of getting caught.
Possible test questions include:
- I could stab that guy for the $10 in his wallet, but if I get caught, I’m facing 40 years in prison. Should I do it?
- My flash mob makes $50 per phone we steal from defenseless women. Would my buddies rat me out to avoid 5 years of hard time, and do I consider that worth $4?
- Meth makes the faces of my customers dissolve from the inside before killing them. Is it possible to build a sustainable business based on slowly killing my customers? What marketing skills do I need to develop to replace the natural attrition of poisoning my customers?
- Meth labs explode. Is it better to hire my own junkies, or should I outsource that risk and take a smaller profit margin?
- This is a shall issue carry permit state. There are nearly 100,000 carry permit holders here. That’s 1.87% of the total population and 2.6% of the adult population. Statistically, how many people can my friends and I jump before getting justifiably shot? Is that number times the $4 profit considered a good return on investment? What would the ROI have to be to make this a worthwhile career choice?
Anybody know any violent thugs willing to beta test my new class offering?
