Despite Amazon’s best efforts to delay our Christmas festivities, one of the presents I received was a copy of Jim Cramer‘s “Stay May For Life” Apparently he’s an investment guru whom my mom has been following for a while. Despite the criticisms he’s received (see the Wikipedia link above) I’m inclined to hear what he has to say. Why not, right?
I’ve decided to share some of the highlights of his book as I read through it.
In chapter two, he mentions three important things:
- Create a budget for daily, monthly, and annual expenses.
Okay, so far, I’m with him on this. Although I’ve rarely budgeted my personal expenses, putting together a budget is something I’ve wanted to do for a while now, so this seems as good an excuse as any.
- Carry health insurance.
This is also a timely piece of advice. Given that we are seeing another double-digit (18%) increase in health insurance premiums this year, I asked my wife to investigate alternatives such as self-funding insurance or a health savings account. Unfortunately, it appears that the best course of action is to pay somewhere around $800/mo. for health insurance, with a $10,000 deductible. Crisis? Maybe. Ridiculous? Definitely.
- Carry no balances on credit cards.
This one’s a no-brainer for me. I can remember once in my life when I carried balances on a credit card intentionally, and that was to get me into college when I showed up to find that financial aid hadn’t come through as planned. I paid them off within a year, but other than that, I am well aware that carrying 20%+ interest rates for a short-term cash loan is insane. If you need short-term loans, seek out your local credit union. I know, (from experience, as I’m a member of my local credit union‘s board of directors) that they are there to help you.
Assuming the book continues to hold my attention, I’ll post updates as I read through it.
Alright, fiends and family have asked what I want for Christmas, so here goes:
- A KTrakcycle conversion kit. Unlikely I’ll get this, as the wife thinks it’s expensive and dangerous
- A Nokia n810
- an Asus EEE PC (the bigger model with 8G flash drive).
- Marvel Heroscape Expansion Set. Heck, just about any Heroscape stuff would be fine, since we don’t have any yet.
- A new Camelback – a big one with room for accessories and mountain bike parts.
- Learning Python, 3rd edition.
- Gift certificates to Amazon, Borders, Best Buy, EMS, and World of Warcraft Gift Cards always welcome.
- World peace.
I love this post, which makes my previous experiences with Verizon look quite tame. Yet another reason why I’d like to see a local, community-owned telephone, television, Internet service provider in this area.
I’ve noticed a few “web-celebs” have a tendency to “friend” and “follow” everyone who “friends” and “follows” them. My first impression remains: what can anyone do with all that chatter?
For example, Robert Scoble, an “A-List blogger,” claims he follows everyone that follows him. He’s got 5,000 friends in Facebook (the current limit), and is following 6,946 (at the time of this writing) people on Twitter. Author J.C. Hutchins has 741 followers and is following 745.
I can’t imagine what that’s like. I suppose since I review my Twitter and Facebook feeds via RSS, my method simply would not work, and I’d miss, well almost everything. From a “snapshot in time” perspective, these guys’ method may be more interesting, but if your motive is more like mine, to actually track everything that goes into your feed, it’s practically impossible to manage the sheer volume of noise that is going to be flying through that stream.
So, just for kicks, I am following more of the folks who follow me on Twitter. If I end up not following you after a period of time, I apologize in advance. I’m sure it’s not because the content of your feed is boring, I just don’t have the time to track it all (and play World of Warcraft). Okay, maybe it’s because it was a tiny bit boring, but please don’t assume that. Besides, it’s hard to compete with World of Warcraft.
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