Category Archives: Money

New Day’s Resolutions

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Filed under Money, Work and Business

New Year’s resolutions and plans are always a talking point throughout January and this year is no exception. Come June (and sometimes even February) however, and these resolutions are a long forgotten idealistic inspiration. 2007 will be different!

After my post detailing some of my goals, Carl commented, writing that one of his goals for 2007 is “to give the same renewing energy to each month, week, or day rather than just once a year.”

In reply to this I was wondering how to go about this - to keep this ‘New Year’ dynamism you must first instigate change or create a system to keep these changes at the forefront of your mind, right? What’s the best method? A reward system?

Carl directed me to the following video: http://www.youtube.com/watch?v=D1R-jKKp3NA - Steve Jobs’ Commencement Speech at Stanford, 2005

Then today I read Steve Pavlina’s most recent blog entry: 10 Business Lessons from a Snarky Entrepreneur. At first they seemed totally unrelated but in fact they are not. To quote the 10th business lesson:

Do what you love, but be damned sure it’s profitable.
If you do work you love, but it doesn’t generate income, your business will fail. If you do work you hate, but it generates income, your health will fail… and your business along with it. If you can’t do what you love and make it profitable, you’ve either got a hobby or a headache, not a sustainable business. Don’t settle for anything less than passion and profit.

This, paraphrased and put bluntly, was one of Steve Jobs’ three points in his speech: find what you love and make it a career; passion breeds success and success takes time; don’t settle.

My opinion is slightly different to Steve Pavlina’s though - if you do work you love, but it doesn’t generate income, your business will fail unless you work harder and find a more successful business model. If it truly is work you love, work at it and you will eventually find a way to make it profitable. Don’t settle for an ineffective business model.Have I found my passion? Am I doing work I love? Is my answer to one of the most important questions ‘Yes’: Would you continue your work on a daily basis for free? No I haven’t, and my answer is ‘no’. But I’m young and have plenty of time to find out what this passion is and work towards it.

Wealth, happiness and health may come in time, but if you’ve found your passion you won’t care. Have you found yours?

Losing the Will to Cancel

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Filed under Media (Films & Music), Money, Sci/Tech

Leaving an online service. Easy right? Well, that’s what you would imagine from a company based wholly on the Internet and that’s how it should be. In fact, I think leaving any service should be a painless experience as surely that’s what will bring back past customers. Online or not.

With a tip of my cap to Carl’s great article and after reading PC World’s critique in the same vein I feel compelled to write a small piece on cancelling services. Oh how I weep.

Saving £40 a month on car insurance is a nice prospect, and that’s what I found out I could do after getting a new quote a few days ago. Calling up my future insurer and passing on all my details in order to start the process I was told (in the verbal small-print) that if I cancel before 12 months is up I will be charged a cancellation fee of one month’s service.

I paused thinking about whether or not my current provider would do this and asked them to hold. After finding the offending piece of paper I realised that this fine would be imposed but after a quick calculation I continued. I would still save money even with the fee.

Cancelling my old insurance and paying the fine was all that was left for me to do. If only it was that easy. After calling the insurer and speaking to a representative I was forwarded to the ‘Cancellations Department’. 21 questions and 10 minutes later I was free of the old insurance - but not after getting very frustrated with the service.

This wasn’t online though, so have another example.

LoveFilm - an online DVD rental service - have a just as complicated cancellation service. After going through a number of cancellation pages and ‘Continue’ button presses I am informed to call a representative. Doing so results in a similar experience which I decide to forgo. I am determined to find an easier way.

Still a member of LoveFilm, I discover that you can cancel online - but only between the hours of 10pm and 8am when their cancellation webpage changes. Why do companies do this? Backwards logic is the simple answer. Read the above references for some good spiel on the practice. Using these companies again is something I won’t be doing, that’s for sure. Admittedly I wasn’t going to go back to my old insurer but my online DVD rental service - I was planning on coming back for another year once I’ve bought myself a new DVD player after my current one broke.

The bottom line: make it easy and we’ll be back. Make it difficult or expensive to leave and we won’t be back.

Your loss. My £13.99 a month. Hasta la vista, amigo.

Resolutions, Schmesolutions! Part 2

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Filed under Everything Else, Food, Money, Photography, Work and Business

That New Year came and went a bit quick: I didn’t even get ’round to producing my Resolutions Schmesolutions Part 2 post – shame on me! Although, here it is, slightly delayed… better late than never hey?

So, I may be what a lot of people call pedantic and slightly obsessive compulsive. No matter how much truth lies in this it is definitely true that I like to organise things, for better or for worse - and usually the latter, which annoys me! This blog acts as a great place to organise thoughts and construct plans. That’s why, this New Year I am going to use this blog as a regular place to organise and discuss my various plans.

So what are my ‘non-resolutions’ for 2007 then? They can easily be categorised into four broad categories: Food/Health, Work, Hobbies/Travel and Money.

Food/Health: I need to start a proper diet. Not diet in the 21st Century meaning of the word but in the actual dictionary definition of the word: a diet as an eating regimen. One that is healthier than my current one and that is more enjoyable. I’m talking more eastern fresh food and less western modified products; fish; prepared lunches; a lot less junk food and more experimental, colourful and flavourful cooking.
‘Menus’ would be a good idea too as with forward planning I can buy nicer, fresher, cheaper food from local markets rather than plastic-laden, reformed goods from supermarkets.
Playing sport regularly would be good too as my once weekly Squash sessions are turning into once monthly.

Work: A third of my life is spent at work: 8 hours a day, sat in the office, writing code and not progressing - just earning. Investing in myself is key to progressing whilst also earning. Building my work-life reputation and increasing my future worth will in turn further my prospects and undoubtedly make this third of my life more interesting and, dare I say it, fun! Courses, certifications and training will all help me to obtain this, as will offering myself up for opportunities that arise in work and at home. Also, enthusiastically working on projects outside of my day-to-day employment can’t fail but help.
As well as working, a further third on my life is spent sleeping. This leaves, after preparing for and commuting to work and preparing and eating meals, around 6 hours. I plan on rising earlier in the mornings and getting into work at a more respectable time, allowing myself to get home from work much earlier and hence reducing my travel time considerably (no rush-hour to contend with) leaving myself with more time at home during more sociable hours.

Hobbies/Travel: I want to learn to take much better photographs than I currently do, make good progress on my personal projects and travel more: all whilst still being able to sit down, watch a film and have a drink.
A big one though is that I want to make the Internet profitable for myself. How? I’m not quite sure yet, but I do know that I do not want to do it with auction websites and in an ideal world I would like to think that it could open up some doors for myself and possibly lead to another income stream.
Writing for an average of 30 minutes a day would also be nice but is ambitious. It’s not something I’m going to do straight away and give-up on within a few weeks, but rather something I want to work towards. Undoubtedly blog based, I hope this will be a method for me to improve my style and content here.

Money: The ‘big gun’ of my New Years plan and something that I won’t discuss here right now to avert a fully blown (and boring) essay.

I’ve given myself a fair bit to do here and the hardest part is going to be how to start and how to continue. I’ve come up with a simple, two step process for hopefully completing all my objectives or, at least, realising that it was futile: progressive goals and ‘freeware’ testing.

Progressive: These goals are the ones that I neither plan on or hope to achieve immediately and hope to achieve in the long run by working towards a goal slowly. These include writing; photography; project work; exercise; and my work plans.

Tests: You can download ‘freeware’ programs from the Internet to use for a 30 day trial period. When these 30 days have passed and if the program is something you cannot use or can do without you delete it and do not use it again. However, if you realise after this period that it makes your life easier, better, or is something that you cannot now live without you purchase the program and make it part of your life. This is what I plan on doing with a few of my objectives: testing them for a month and seeing if it was worth it or whether the goal was futile.
If after this month trial something has made my life better or I want to continue it, it will be a lot easier to continue as I would have already been doing it for a month. If I want to quit: I will.
The foundation of this test is: if something is difficult I can continue doing it with ease for a month (”I don’t like getting up every day at 7am but I’ll continue for a month and then give up.””) but when that month passes I may be used to it and it’ll be easier to continue (”I hated getting up before but now I’m used to it.”). Whereas if something was not enjoyable or not as expected I’ll simply quit (”I ate fish at least twice a week but didn’t enjoy it so now I’ll stop.”). This will be a better method for my diet, early rising and some of my money plans.

How are you planning on sticking to your resolutions or plans?