Tag Archives: tv

New Years Resolutions

Since today is Jan. 1st, I started thinking about New Years Resolutions. And what better way to start the new year than by creating a blog post?


One thing that is funny about New Years Resolutions is that most people have them. And 99% of the time they have completely forgotten all about them by spring. This useless goal setting system is completely broken. Yes nearly all people use it. Then they lament that they “failed” in following through.


The #1 New Years Resolution is going to the gym. I wish I owned some gyms. Perhaps 95% to 98% of the members never go. And those that do go only use it a few times per month. Ever wonder my gym membership is so cheap? Because the cheaper it is the easier it is to lie to ourselves.

I don’t want to cancel it because I am going to try to start going.

I wonder why people think it is such a great idea to get drunk and party on New Years Eve. Why? What’s so great about it? It’s just another year that went by. Did you achieve your goals? Did you get rich? Did you even go to the gym? If I answered no to those questions, then I wouldn’t be partying. I would be pondering.

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Why Financial Advice Should Always Be Free

Financial advice should be free. Sexy is optional. Creative Commons.

I watched an infomercial about trading this morning.

Infomercials are a form of punishment for those of us who are either early-risers or those who suffer from insomnia, by the way.

This guy–I’ll leave his name out of it, he’s just a figurehead of a whole industry of these types–claimed to have secret trading techniques that could help anyone make money through trading. It could make money in up markets. It could make money in down markets. It could make money in hour-long squeezes.

And, hey, he had proof. Charts. Testimonials. And a lot of crap that only quit when it came to flashing the toll free number to purchase the program for a couple hundred dollars.

Do I believe that a system could exist? Yes. Do I believe that this guy had the trading “secret”?

I’m not buying it. Here’s why:

Four Tips To Stay Productive When You Work At Home

This guest post was provided by Katheryn Rivas, who regularly writes for online universities.  She welcomes your comments at katherynrivas87@gmail.com.

Working from home can be a great way to save money on commuting expenses, as well as overhead costs related to leasing an office space and paying monthly bills for utilities and so on. This sort of cost-reduction is especially important in this economy, given the trouble we’ve seen in the past few years and the looming rising gas prices due to unrest in the Middle East.

Image courtesy Heather Harvey

The one thing you have to make sure if you do plan to work from home is that you can remain just as productive and focused as though you were working in an regular office. Your home can provide a sanctuary for your work; however, it can also be a very distracting environment if you’re not careful.

Here are a few tips to keep up your productivity and stay focused when you work from home. If you can think of others, please feel free to add them in the comments section.

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Why TV may not be such a Great Idea

As I mentioned yesterday in my post about the financial crisis, spending 8 hours a day watching TV may not be such a great idea. Sound crazy? The average American now spends 8 hours per day watching TV!

It often takes a big crisis for us to change. And, this financial crisis can be an opportunity for us to improve our future. I think one big way that we can accomplish this is by rethinking our ideas about TV.

What’s the big deal?

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Is your Financial Situation Controlled by the Economy?

Last night I was watching the news (a terrible habit I need to get rid of!) and there was another story about how bad the economy is and how hard it is to find a job. I always have the same reaction when people say they are looking for a job. It makes me wonder, “Who wants a job?”

Having a job for decades and retiring on a pension was a system that ended in the 1980’s. Since then, the economy has changed so rapidly that working in the same job for 20 years is nearly impossible. Besides that, the financial mismanagement of companies and the government has made pensions and social security unreliable.

So what’s the solution?

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Ways to Save Money

This post over at Yahoo Finance is pretty typical of articles that tell us how to save a little money. Personally, I don’t know how great these morsels of advice really are, but they sure are popular. The most famous tidbit is

Forgo that Starbucks latte and retire a millionaire in 50 years.

I haven’t met anyone who got rich by skipping Starbucks, but maybe I will in 50 years. So, here’s some ideas that can help us save big money.

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The Changing TV Technology and Advancing Capitalism

It has been theorized that the TV, computer, DVR and internet will converge into one unit. The question is, how will it all work out? This fascinating analysis about Hulu online video service shows how popular the service has become.


I guess that’s part of the interaction between capitalism and technology. Each company does its best to exploit technology, gain market share, develop new and revolutionary products, and ultimately maximize profit. It may not be a perfect system, but it is the best we have, and seems to work pretty well.

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Set Yourself Up to Win – Financially

After reading this great post from Bible Money Matters, it got me thinking. The author of the post is crazy about electronics, and finally decided he isn’t going to spend a ton of money on them any more. But he is inundated with info about electronics all day long. How can he manage his desire?

His solution is to remove all the info. Changing his homepage from the electronics gizmo deal site. Removing the electronics blogs from his blog reader. Etc.

set-to-win-financiallySo, that made me think about how he is setting himself up for financial success. Instead of just consuming all the information and then trying to avoid buying, he is eliminating the desire in the first place.

What can we do to set ourselves up for financial success?

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Automated Trading and Happiness

Can Automated Trading really create happiness? Can money make us happy?

Sorry to say it, but I think the answer to both is no. Yes, Automated Trading can help us do better in life, and make it possible to achieve financial freedom sooner. And, I don’t know if more money will really make anyone happier.

Blasphemy? Definitely for the gambling industry. And maybe even for the investing industry, it seems. But it’s true. More money will not make people happier. Most lottery winners are poorer 5 years after they get their big win. And more miserable as well. Don’t believe me? Read about the lottery and the guy who won the biggest jackpot in history.

Because more money will not make us anything different than what we are now. If we are not happy now, more money will not make us more happy. It only makes us more of what we already are. If we are dissatisfied with our life, more money will make us more dissatisfied. If we are drinking too much now, more money will only help us drink more.

So how will Automated Trading help us?

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Jon Stewart Is Right About CNBC, But…

John StewartIf anyone caught The Daily Show, Jon Stewart recently nailed the CNBC talking heads about their missed calls.

He’s absolutely right and he got props from a lot of folks in the investment community. Our friends at Pimp Your Finances wrote a piece about Stewart’s comments.

It also got a mention here.

I think Stewart, in his satirical way, made the case that human traders are wrong more often than they’re right. Or as he put it:

If I’d only followed CNBC’s advice, I’d have a million dollars today – provided that I started with one hundred million.

Right on, Jon!

But Jon missed the other half of the punchline. I’m wondering if Stewart ever made fun of this commentator’s quote:

“Fannie Mae and Freddie Mac are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

Of course, both Fannie and Freddie failed. In a big way.

Here’s another little bit that would have made a great skit on the Stewart show about the reason why, despite several warnings from the Bush administration, Fannie and Freddie Mac never got fixed:

“Through nearly a dozen hearings where, frankly, we were trying to fix something that wasn’t broke…”

Fannie Mae and Freddie Mac wasn’t broke, but they went broke.

These comments were made by Democrats Barney Frank and Maxine Waters, respectively.

The government’s talking heads are no better in predicting the economy’s moves than financial show talking heads.

Stewart may have been unwilling to tell this side of the story for political reasons. He has moved his show from a satire that nails all idiots, no matter what side of the aisle, to an increasingly divisive partisan attack instrument, kind of a left-wing Rush Limbaugh.

Unfortunately, we are moving into territory where all of our information has an agenda and is skewed (and skewered) with bias.

I think Stewart is funny, but I’d be just as careful taking advice from a comedian about politics and economic issues as I am taking advice from CNBC broadcasters about my portfolio.

Author’s note: I didn’t watch every Stewart show, so I’m not sure if he didn’t do a send-up of Waters and Frank for their bad predictions. I’m still looking for clips of those Stewart Show clips. I’ll let you know if I find anything.