- Getting ready to go build a rain gauge at home depot with the kids. #
- RT @hughdeburgh: "Having children makes you no more a parent than having a piano makes you a pianist." ~ Michael Levine #
- RT @wisebread: Wow! Major food recall that touches so many pantry items. Check your cupboards NOW! http://bit.ly/c5wJh6 #
- Baby just said "coffin" for the first time. #feelingaddams #
- @TheLeanTimes I have an awesome recipe for pizza dough…at home. We make it once per week. I'll share later. in reply to TheLeanTimes #
- RT @bargainr: 9 minute, well-reasoned video on why we should repeal marijuana prohibition by Judge Jim Gray http://bit.ly/cKNYkQ plz watch #
- RT @jdroth: Brilliant post from Trent at The Simple Dollar: http://bit.ly/c6BWMs — All about dreams and why we don't pursue them. #
- Pizza dough: add garlic powder and Ital. Seasoning http://tweetphoto.com/13861829 #
- @TheLeanTimes: Pizza dough: add lots of garlic powder and Ital. Seasoning to this: http://tweetphoto.com/13861829 #
- RT @flexo: "Genesis. Exorcist. Leviathan. Deu… The Right Thing…" #
- @TheLeanTimes Once, for at least 3 hours. Knead it hard and use more garlic powder tha you think you need. 🙂 in reply to TheLeanTimes #
- Google is now hosting Popular Science archives. http://su.pr/1bMs77 #
- RT @wisebread 6 Slick Tools to Save Money on Car Repairs http://bit.ly/cUbjZG #
- @BudgetsAreSexy I filed federal last week, haven't bothered filing state, yet. Guess which one is paying me and which one wants more money. in reply to BudgetsAreSexy #
- RT @ChristianPF is giving away a Lifetime Membership to Dave Ramsey’s Financial Peace University! RT to enter to win… http://su.pr/2lEXIT #
- RT @MoneyCrashers: 4 Reasons To Choose Community College Out Of High School. http://ow.ly/16MoNX #
- RT @hughdeburgh:"When it comes to a happy marriage,sex is cornerstone content.Its what separates spouses from friends." SimpleMarriage.net #
- RT @tferriss: So true. "Nearly all men can stand adversity, but if you want to test a man's character, give him power." – Abraham Lincoln #
- RT @hughdeburgh: "The most important thing that parents can teach their children is how to get along without them." ~ Frank A. Clark #
Delayed Gratification, Take II
How much would you pay for a kiss from the world’s sexiest celebrity?
That was the focus of a recent study that I can’t find today. There is no celebrity waiting in the wings to deliver the drool, and the study doesn’t name which celebrity it is. That’s an exercise for the reader.
This was a study into how we value nice things.
The fascinating part of the study is that people would be willing to pay more to get the kiss in 3 days than they would to get the tongue slipped immediately.
Anticipation adds value.
Instant gratification actually causes us to devalue the object of our desire.
This goes well beyond “Will you respect me in the morning?”
The last time I talked about delayed gratification, it was in the context of my kids. That still holds true. Kids don’t value the things that are handed to them.
The surprising–and disturbing–bit is that adults don’t, either. If I run out to the store to buy an iPad the first day I see one, I won’t care about it nearly as much as if I spend a week or two agonizing over the decision.
The delay alone adds to the perceived value. The agony turns the perceived value into gold.
If I spend a month searching for the perfect car, the thrill of the successful hunt adds less value than the time it took to do the hunting.
Here’s my frugal tip for today: Delay your purchases. While it may not actually save you any money, you will feel like you got a much better deal if you wait a few days for something you really want.
Magical Thinking
A few weeks ago, on my way to work, while merging onto the highway, a soccer mommy in an SUV decided that she was going to accelerate to fill the opening I was going to use. Not before I got there, which would have left her in the right, if still a jerk, but as I was moving into the lane.
The entire reasoning was that she could be rude and dangerous under the assumption that I would be more civilized and back down, allowing her to indulge her little fantasy about how the world works. Luckily I saw her speed up, and had time to move out of the way. Physics very nearly taught her an expensive lesson.
This is similar to the people who think they’ll be safe because “nothing has happened before” or think “He won’t hurt me because I;m a good person” when confronted with a mugger.
This is magical thinking. Basing assumptions of other people’s actions on nothing more than your personal hopes and biases. The truth is, your halo does not provide a shield. Your luck at dodging criminals while strolling through bad neighborhoods does not circumvent statistical likelihood and your jerkface attempt to run me into a guard rail had better be backed by the stones to deal with a wreck.
Magical thinking, wishful thinking, and baseless hope are not rational methods of running your life. Criminals hunt for victims who wrap themselves in a smug, yet naïve, superiority. Murphy’s Law is waiting for someone arrogant enough to think that the laws of physics don’t apply when you’re commuting. The only rational means of predicting the behavior of others is to look at the signals they are actually producing.
Someone tentatively trying to squeeze into an opening in traffic is far more likely to submit to your passive aggression than the guy who merges with a turn signal and the gas pedal.
Someone in the park after hours in a hoody is more likely to hurt you than the guy in running shorts.
The guy lurking in the shadows of the parking ramp, refusing to make eye contact is a more likely mugger than the suit trying to find his Lexus.
A million years of evolution have given us an incredible ability to detect danger. A few hundred years of relative peace at the end of a few thousand years of relative civilization have not erased that ability, it has just convinced us to ignore our instincts under the mistaken assumption that all predators live in the jungle.
Fear has survival value. Don’t allow your rational brain to override your lizard brain completely. Let your fear keep you safe.
How to Build a Business on Cannibalism
Last week, my wife posted on Facebook that she was frustrated with her job hunt.
An hour later, she got a call from someone she hadn’t talked to in 10 years. He wanted to talk about a great business opportunity. He wouldn’t say what it was, but wanted to bring a friend over to discuss it.
Fast forward to last night.
The night my wife agreed to meet with the old friend.
The meeting we forgot about.
So we invited our friend and his friends into the house. We sat down at the dining room table to hear the pitch. Our friend is just getting started so his “friend” delivered the pitch.
While I was waiting for him to explain the business, he was showing us pictures of he and his wife traveling around the country.
Instead of explaining the product, he asked about our most expensive dreams.
Instead of telling us how the marketing worked, he mentioned something about utilizing the internet–and i-Commerce–and talked about changing our buying habits.
Instead of showing us a product, he talked about driving volume and building a team.
There was nothing concrete, but a lot was said to ride on the dreams of people who are frustrated with their income or are living paycheck-to-paycheck.
More than an hour into the presentation, it was revealed that the “product” is a buying portal to allow people to buy Amway products from your personal Amway store.
Freaking Amway.
How do they find your personal Amway store, you ask? I don’t know, because you are supposed to be your own best customer. You make money by buying the products you use anyway, but buy them from Amway. For example, there’s the $10 toothbrush, the $16 baby wipes, or the $38 toilet paper.
For six frickin’ rolls.
Seriously, this stuff is meant to touch my butt once. I don’t need it made from pressed gold.
As for the visual…you’re welcome!
So I sell a kidney to buy enough toilet paper to keep my nether bits clean for a month and I get one point for every $3 I spend. I figure that’s about 50 points per month, given the foot traffic our bathrooms see.
If I hit 100(I think, he didn’t leave the paperwork) points, I get 6%(again, I wasn’t taking notes) back at the end of the next month. For the sake of the math, I’m going to double the number of butts in my house. 100 points means I need to spend $300. That’s 47 rolls of toilet paper. In exchange for this $300–and on top of gold-embroidered silk I now get to flush down the toilet–I’ll earn $18.
I know exactly how much toilet paper I buy right now. Amazon sends me a 48 roll package every other month for $31.42, shipped.
To simplify, Amway is offering me the ability to spend $300 to get $18 plus $31.42 worth of toilet paper. I’m supposed to end my financial worries by turning $300 into $50 every month.
Yay!
[Note to self: Demolish Amway’s business model by starting a company that will let people turn $200 into $50, without the nasty overhead of stocking overpriced crap. A 33% increase in efficiency will make me rich!]
But wait, say the imaginary Amway proponents that I hope aren’t frequenting my site, you’re forgetting the most important part!
Oh really?
There’s also a thing called a “segmented marketing team”. To the rest of the multi-level marketing world, this is known as your downline. If you can con your family and friends into turning their $300 into $50 every month, then help them con their family and friends into turning $300 into $50 every month, you’ll get rich! Amway has apparently figured out a way to share a small fraction of their 600% markup with their victims to make them feel like it’s a business opportunity instead of a robbery.
If I get 9 people in my “business team” and each of them build out their team, I get the coveted title of “Platinum Master” or whatever. All I have to do is sell the souls of 72 people and I can make a ton of money! If each member of my downline turns $300 into $50, Amway will get $18,000. In exchange for delivering those souls, the “average” Platinum Ninja makes about $4500 per month. That’s about $12,000–free and clear–for Amway.
When your business model consists entirely of your sales force doing all of the buying and consuming, it’s not a business model, it’s cannibalism.
Twitter Weekly Updates for 2010-05-17
- @Elle_CM Natalie's raid looked like it was filmed with a strobe light. Lame CGI in reply to Elle_CM #
- I want to get a toto portable bidet and a roomba. Combine them and I'll have outsourced some of the least tasteful parts of my day. #
- RT @freefrombroke: RT @moneybeagle: New Blog Post: Money Hacks Carnival #115 http://goo.gl/fb/AqhWf #
- TED.com: The neurons that shaped civilization. http://su.pr/2Qv4Ay #
- Last night, fell in the driveway: twisted ankle and skinned knee. Today, fell down the stairs: bruise makes sitting hurt. Bad morning. #
- RT @FrugalDad: And to moms, please be more selective about the creeps you let around your child. Takes a special guy to be a dad to another' #
- First Rule of Blogging: Don't let real life get in the way. Epic fail 2 Fridays in a row. But the garage sale is going well. #
‘Mommy, I’m bored!’ Top 5 online activities for your kids
This is a guest post.
When nasty weather, a cold or the flu keeps kids indoors, plan ahead for those days with some great online activities kids will enjoy. Whether it is learning a new language with mom or dad, or practicing multiplication tables with an older sibling, kids can find plenty of cool things to do to kill their time. Here is a top five list of things your children can do while surfing the net.
Fun Languages
Learn Spanish, German, or French online with your kids. Give your children the gift of language with some key phrases and words to encourage brain activity in the language zones. Studies have shown that children exposed to multiple languages in their elementary years are more likely to learn a second language as adolescents and adults. Statistics indicate basic knowledge of a second language promotes better understanding of English grammar. The internet has some great resources for older children and parents wishing to improve their vocabulary knowledge and grammar skills. Word a day programs and test prep programs are often as entertaining for the parents as they are for the kids.
Arts and Crafts
There is a plethora of sites offering downloadable art project sheets, coloring pages, creative flash cards, art activity books and art games on the internet. Let the creative genius of your young artist shine through with how to draw tutorials and interactive art history sites. Don’t forget the musician in the house, as there are plenty of great music tutorials complete with video and audio for the young future soloist to watch. Many sites offer interesting and kid friendly “how to” videos for piano and vocals. Many sites offer inexpensive or free holiday cards the kids can create and print for one of a kind holiday or birthday gift giving. Crayola offers terrific downloadable coloring pages, games and activities.
More Academics with Math
Colorful math puzzles, homework practice sessions all online, downloadable speed tests and great interactive programs abound for the math whiz. Fun and entertaining, these online interactive programs are often free and downloadable in seconds. Your kids will never be bored again when accessing such interesting activities as tangrams, money games and creating their own math flash cards. Periodic tables and math and science in the kitchen bring fun and kid friendly experiments for rainy days and long summer vacations. Keep them interested in STEM (science, technology, engineering and math) with how things work videos.
Early Learners Have Fun Too
There are wonderful sites that teach young children and early learners about counting, colors and shapes. Teach your children about telling time and other valuable skills. Learn about money, traffic safety and stranger danger in fun and engaging videos and interactive games. Young children are remarkably quick to pick up on new skills through technology. Parents can take advantage of wonderful online activities at many educational websites.
Games and More Games
There are free and not so free video and mobile device games for children of all ages. Fun and diverting puzzles, adventure and arcade, card and board games for younger to middle school aged children can be found just a few clicks away. Fun and challenging sports and trivia games for high school aged kids are often found at no charge.
Sell old CDs
Got some unused video games ready for the bin? A DVD that you kids received for Christmas and never watched? An old CD they don’t like to listen to anymore? Here it is another opportunity to spend some time online having fun. Websites such musicmagpie will allow your children to sell their unwanted CDs and make a bit of money out of it. Less clutter around the house, more fun for your kids. That sounds like a win-win.
