- RT @mymoneyshrugged: The government breaks your leg, and hands you a crutch saying "see without me, you couldn't walk." #
- @bargainr What weeks do you need a FoF host for? in reply to bargainr #
- Awesome tagline: The coolest you'll look pooping your pants. Yay, @Huggies! #
- A textbook is not the real world. Not all business management professors understand marketing. #
- RT @thegoodhuman: Walden on work "spending best part of one's life earning money in order to enjoy (cont) http://tl.gd/2gugo6 #
Work at Home Scams
The idea of working from home is certainly appealing. You get to set your own hours, sleep in some days, and be there when the kids get home from school. You can be there when the packages get delivered and let the dog out before it’s too late. Who doesn’t see the attraction?
Unfortunately, when something is so enticing, there will always be predators looking to take advantage of the dreams of others. They dangle the “be your own boss” bait and reel in the people who their wishes overrule their judgment.
The ads are hard to resist. “Make $2800 per month without leaving your home!” or “Stuff envelopes in your home for $1 per envelopes.” I cases like these, the old saw tends to hold true: If it sounds too good to be true, it probably is.
Common work-at-home scams include:
Medical Billing
For only $499.99, you can purchase a “business opportunity”. A lot of medical bill is actually done on paper so there is very real market for medical billing and processing. Unfortunately for the respondents to these ads, the vast majority of this market is already taken by large companies with huge marketing budgets. Finding enough customer to generate enough revenue to recover your investment is almost impossible, but you’ll never see that in an ad.
Envelope Stuffing
You answer an ad in the paper, sending $29.95 for a packet that will instruct you in the fine art of stuffing envelopes for $1 each. When you get the information, you find out it is a letter instructing you to place an ad in the papers stating “Stuff Envelopes for $1 Each. $29.95 for Information.” This forces you to become the scammer, just to recover your costs. Bad you.
Assembly or Craft Work
This one actually sounds like a business. You invest in–for example–a sign-making machine for $1500. The selling company promises to buy a quota of signs from you each month. After you buy the equipment and materials you spend countless hours making the product only to find out that either a) the company has disappeared or b) their undefined “Quality Standards” has rejected the work. Nothing is ever up to standards.
That’s not to say there aren’t legitimate opportunities to make money at home. Bob at Christian Personal Finance recently listed 24 legitimate home-based businesses, including blogging, eBay selling, wedding planning, car mechanic, and mobile oil changes.
Are you exploring any home-based business opportunities?
20 Happy Thoughts
Since I’ve been on a bit of a death theme lately, I thought I post something purely happy.
Here it is. In no particular order, twenty unequivocated things that make me happy.
- My three year old has the most beautiful blue/silver/gray eyes I have ever seen.
- In the past 32 months, I’ve reduced my total debt load by $42,859.70. That’s an average reduction of $1,339.37 per month.
- My insane work schedule is paying off. I’m more than halfway to making my day job’s income redundant.
- My preteen son is currently showing none of the signs of the horrible rebellion that I put my parents through.
- The world hasn’t imploded, exploded, or tilted its axis recently.
- My parents did a good job of raising me.
- I haven’t touched my overdraft line of credit in more than 2 years.
- My wife loves me.
- I love her.
- Wrestling season starts tomorrow, and Punk ended last season with real promise.
- I’ve dropped 12 pounds in the last 16 days.
- Bacon is good.
- Daughter #1 is starting kindergarten in September and excited about it.
- Our cars are paid off.
- This site helps me stay motivated to eliminate my debt.
- You rock.
- I may get out of debt just before the world ends.
- The Yakezie Network has helped get this blog to where it is. If you’ve got a finance blog, join today. You won’t regret it.
- FINCON 2012 is is Denver and I won’t be napping on my motorcycle on the way there, like I did the last time I went to Denver. It’s not something I recommend, but it makes a neat story.
- I have 20 things to be happy about. That’s a recursive happy-maker right there.
Counting Cards: How to Cheat At Blackjack
I don’t gamble much. I’ve got this boring kind of luck that let’s me gamble for a really long time on not much money, without ever winning big.
For example, when my wife was very pregnant with our first monster, we took a trip to visit my parents. It’s a 2 hour drive, and she needed a break halfway there. In the truck stop, we bought $5 worth of scratch-offs to pass some time. We turned in the winning tickets for more scratch-offs. And again. And again. Two hours later, we were out of winners, but had never accumulated more than $10.
Another time, we went to the casino to play slots. It took nearly 8 hours to spend $20. That sounds boring, but we had good conversation while we were playing.
I’ve never had a big win or a big loss from gambling, so I’ve always been kind of bored with the idea.
Now, cheating at blackjack, that’s a different matter. Pulling one over on the casino without getting caught…they make movies about that kind of stuff.
To be clear: counting cards in your head isn’t cheating. Legally, the worst that can happen is you can be asked to leave. To get a Hollywood-I-cheated-the-casino-and-got-caught-and-beat-by-the-mob kind of beating, you need to win a lot.
A lot.
To get started, there are a few things you need to know. One of those things is how to play blackjack, but I’m not going to get into the basics. If you don’t know how to hit, stand, or count to 21 without taking your clothes off, this guide may be too advanced for you. Come back later.
Super Basic Strategy
You don’t need to count cards to use this strategy. You will do better than most players if you follow along.
1. The dealer must hit, or take another card, if he has 16 points. If he has 17, he stands.
2. The hole card–the card you can’t see–is always worth 10. Of course, it’s not, but for the purposes of your strategy, assume it is.
That means, when the dealer is showing a 2, you’ll assume he’s got 12 points and will hit. If he’s showing a 7, you’ll assume he’s going to stand. If he’s showing an 8, your goal is to beat 18, not push for 21.
That’s it. If you do that, you’ll come within a couple of points of even odds against the house. Google “blackjack basic strategy” if you want to improve this.
Even odds isn’t good enough.
Card Counting
Counting cards sounds tough. Rain Man tough.
It’s not, but you’ll want to practice at home a bit before you try it in the really real world.
The rules are simple:
1. Cards 2-6 are worth 1 point.
2. The 10, jack, queen, king, and ace are worth -1.
3. For every card that is played, keep track of that score. This is a running score across multiple hands until the deck is replaced or shuffled, so don’t stop at a new deal.
4. Divide the running score by the number of decks remaining in the shoe. If there are approximated 150 cards in the dealer-thingy, that’s 3 decks, so divide by 3. If your running score is 18, that means the number your playing against is 6. If the casino is using a continuous-shuffling thingy, forget counting the cards.
That’s it. You’re never adding or subtracting more than a one, and you’re doing that against a number that tends to stay pretty low.
How do you use that, you ask? Easy.
When the score is up, bet higher. If it’s low or negative, bet lower. The higher the number, the higher your bets. If you’ve got a 5, a 6, or more, bet as much as you are comfortable with. If your playing score is low or negative, bet close to the table minimum.
Why does this work?
A higher score indicates that the main assumption of the super basic strategy is more likely to be true. When you’ve got a score of 10, you know a lot of lower-value cards have already hit the table, so it’s safer to assume that the dealer’s card is worth 10.
You don’t change anything about the way you play each hand, you just change the way you bet each hand. Counting cards doesn’t tell you specifically what’s going to happen during each hand, it just tackles the statistics of the game. It moves the odds in your favor, by up to 2 or 3 percent. Over one hand, this won’t help, so don’t sweat losing a hand here and there. Over an entire shoe of hands, you should be able to steadily win more than you lose.
And, as Brian Brushwood says, in the course of your life, very few things make a cooler story than getting kicked out of a casino for counting cards.
Do you play in casinos? Ever tried to cheat?
A Guide to a Career in Accounting
This is a guest post.
No one knows what the single magic ingredient is to a successful career in any field (if such an ingredient exists). Talking with experts in accounting, however, can shed light onto what qualities people need to get the best accounting jobs today and stick with them for a lifetime. We spoke to a variety of professionals to get their opinions on exactly that. Below is what they had to say.
From the financial professional staffer: Plan early
“While some people fall into an accounting career, the ones who flourish in their careers are the people who plan for it.” That’s according to Greg Menzone, an executive manager in the financial division of Professional Staffing Group. “That means deciding early that you’re interested in accounting and choosing a school that will help set you apart, i.e. a college or university with a strong business/finance reputation where you can major in accounting. Internships, especially through a co-op school, are also important. On another note about education: I recommend getting a master’s degree right away — it’s essential for a career in accounting.”
Menzone continues with advice for those recently out of school.
“After graduation,” he says, “accounting majors typically have a choice to pursue either a job in private industry or public accounting. Going the public accounting route can set you up more favorably for achieving C.P.A. status since both a master’s degree and a specific number of audit hours are required for the CPA. If you choose the public accounting route, I recommend staying at least a few years until you reach a senior level. Doing so will help your reputation and position you for the next step in your career.”
Menzone stresses that sticking with one employer for awhile instead of bouncing among accounting jobs is smarter for the lifelong career of the accountant.
“A successful career is a marathon, not a sprint, and longevity with an employer can be valuable because it enables you to build a solid network and develop trust in your position and abilities,” he concludes.
From the company president: Develop marketing skills
“With growing revenues and uncovering new business opportunities for accounting firms becoming more paramount every day, the successful accountant will need to have skills in business development and marketing,” shares Nick Keseric, president of the Marketing Seeds, a company that outsources marketing and business development initiatives for banks, law, accounting and wealth management firms.
“No longer will an accountant get by or get offered a partnership within a firm because they are only a real good technician in tax or audit. There are a million good technicians but few accountants that are good in — here comes the dreaded word for accountants — SALES. Bringing in new business opportunities and converting a prospect into a client will be the new norm for advancement.”
Keseric goes on to explain how those seeking accounting jobs at Moneyjobs.com or who are currently employed in the field can go about improving this important skill set. Among the techniques he advises are: Observing styles and approaches of those currently employed in sales and marketing; working on being likeable; studying business etiquette; and “smiling, being approachable and extending a hand first and greeting to others.”
“When accountants ADD it up,” he jokes, “business development will SAY it all for their own success.”
From the Excel guru: Master spreadsheets
Breck Carrow knows the value of spreadsheets so well he heads a company that trains people in their use and mastery: StopSpreadsheetErrors.com. He reminds people that finding and keeping good accounting jobs can have a lot to do with how well you know your Excel.
“As with any career, you can achieve greater success based on the unique value that you offer,” he points out. “Knowledge of Excel spreadsheets is a must for today’s accountants. Just knowing the standard formulas and functions, however, does not set you apart from your peers. In order to truly shine, an accountant should know how to properly structure a spreadsheet with effective controls. The resulting process efficiency will pay off many times over with more productive work, faster turnaround and less stress. Moreover, this will help you avoid a major career pitfall: embarrassing and costly mistakes that can tarnish your reputation.”
Does a Gay Marriage Cost more than a straight marriage?
The costs of a wedding will depend on what state you live in. For gay couples this is even more important as only a few states allow gay marriage. These states are California, Connecticut, Delaware, Iowa, Maine, Maryland,
Massachusetts, Minnesota, New Hampshire, New York, Rhode Island, Vermont, and Washington D.C.
Recent political events have reduced some of these costs by revoking Proposition 8 and returning gay marriage to California. Additionally, by removing the Defense of Marriage Act federal benefits are now available to all married couples gay or straight.
The biggest difference in the cost of the essential part of the marriage (the license) and any travel costs for those who do not live in states that allow gay marriage. The most expensive is Maryland which costs $85. Most marriage licenses seem to cost about $50 such as California’s $68, and Delaware’s $50. However in Connecticut and Iowa the license is only $30.
If you do not live in a state that allows gay marriage, there may be options including domestic partnerships. These states are Oregon, Nevada, New Jersey, Illinois, and Hawaii. Be careful considering these states however, as many domestic partnership benefits do not apply when traveling out of state. These are also not eligible for over 1000 federal benefits of marriage. In fact, domestic partnerships can act differently from zip code to zip code. Carefully read any agreement, as some do not provide any legal rights or protections but are simply a written commitment of a couple.
Also some states may recognize same sex marriages performed in other states though they do not allow the marriage to take place there. If you live in one of these states it may be worth the travel costs to go to a nearby state that allows gay marriage.
According to market watch, average spending on a ceremony is $25,000 however it varies depending on personal preferences and resources. Costs can depend on what season you get married in, real simple reports venue costs being reduced up to 20% if a wedding is in the winter, and not on a Saturday (the most common day for a wedding). Brides and grooms can consider renting their outfit to reduce costs. You can also consider cheaper alternatives such as having a family member doing the catering, or decorating your cake yourself. Party favors can be made by family members who like crafts.
