Financially Consumed

Yakezie Gamma Class

I’m very proud and excited to be welcomed into the Yakezie Network with the Gamma class. The past six months have been life changing for me. I owe much of the success of Financially Consumed to the support from this vibrant community. But, it almost didn’t happen.

Yakezie Test

I’m brand new to this; I’ve been blogging for just a little longer than I’ve been participating in the Yakezie Challenge. As a soon to be graduating student, my professor tasked me with identifying why financial planners have been slow to adapt to social media. My research lead me to the personal finance blog community where I discovered all the big networks, including Yakezie. Read More

How Planning Your Business is Like Planning Your Money

Plan Your Work, Then Work Your Plan

Every entrepreneur that wants to run a successful business starts with a plan. You may not have had a professionally written business plan, but you at least had a plan in mind for what you wanted to do with your business when you started, right?

Planning your business is a lot like planning your finances. It can be easy even if you hate finance. There are some important components to creating a business plan.

Components of a Business Plan

Executive Summary

You have to explain what your business is, what you do, and what goals you plan to accomplish; that’s your executive summary. That lays the groundwork for everything else you plan. The executive summary can be a short paragraph or a full page. Whether it is long or short, it should be succinct and not waste words. Read More

Engaged, Laid Off, and Married at 20

Yakezie Gamma Class

Hey there Yakezie community. I’m Briana, the mastermind behind 20 and Engaged. I started my blog to document my transition from girlfriend, to fiance, to wife. It’s become a window into my life as a newlywed wife.

I got engaged to my boyfriend of 3 years in December 2010. We had moved in together that summer because we both had good jobs and were ready to take things to the next level. I was so excited to be getting married, yes, even at the tender age of 20. I was the youngest employee at my job, and so was he, and yet we were taking a huge step.

We felt we were ready, and the planning began. Unfortunately, the planning came to a screeching stop a month later. I was unexpectedly laid off from my job. The timing couldn’t be worse. I was in a car accident a week prior, we were moving a month later, and our wedding date, August 17, was around the corner. Things definitely changed. Read More

Bullion vs. Numismatic: An Intro To Buying Gold Coins

Not long ago, a good friend of mine received a wedding gift from his in-laws: a 1 oz. 1980 South African Krugerrand. His in-laws informed him proudly that they had purchased 10 of them in 1980 for $400 each. Since my friend knows almost nothing about gold, he asked whether they’d appreciated significantly in value.  He was astonished to discover that the coin he was holding in his hand was currently worth approximately $1,800.

Most of my friend’s disbelief stemmed from the fact that he couldn’t believe that in today’s economic climate, something’s value had actually gone up, in contrast to the value of paper currency and most of the stocks he’d purchased. Therein lies the inherent strength of gold: it flourishes the most in times of economic uncertainty. It’s a proven safeguard against inflation, and a marvelous tool for minimizing portfolio volatility.  

Gold coins can essentially be broken down into two major categories:  bullion and numismatic. As both categories have their own particular benefits, it’s important to have an understanding of each.

Gold Bullion Coins Read More

The Power of the Network

How Networking Can Give You a Boost

by in Lifestyle on Oct 7th, 2011

As I wandered the hallways and spaces of the Financial Blogger Conference last week, I was struck by what I can only describe as the power of the network. As members of The Yakezie Blog Network, we have access to one of the most powerful elements of society. And, it’s custom built just for us!

There are several things that a network can do for us. The most obvious thing, to a member of The Yakezie, is the power inherent in numbers. The larger the group, the more collective power you have to bargain and negotiate.

Another of the benefits of the network is the benefit of allies. Like the samurai of old that our network is modeled after, we are each others allies. When one of us needs help, we only need sound the call and we’ll have as much help as we need. We all pitch in to make each person in the network stronger.

Those benefits alone are sufficient enough to warrant membership in a network, whether that network is The Yakezie or some other network. It wasn’t until I was in Chicago at FINCON that another benefit of the network struck me. Perhaps it isn’t even another benefit itself, but merely a deepening of the others. As I met many of the other members of my online network, and we became familiar with each other, the bonds that we had formed through our online interactions became stronger. We became friends.

Being a part of a network can be a powerful thing in, and of, itself. The relationships we build online can be strong in, and of, themselves. Heck, people get married all the time after dating online and only meeting once or twice. When you take the strength of those relationships and build on them through the camaraderie of something like FINCON, the network only gets stronger. Unfortunately, not everyone in our humble network was able to make it to Chicago, but I hope those of you that weren’t able will be able to make it next year. Already, just days after the conference, I feel the network is stronger. I can only imagine where it will be a year from now!

Note from Sam: Let’s try and make it a soft goal for all of us in the Yakezie to meet each other face to face by end of 2013.  Whether we happen to be flying to NYC or the West Coast for business or what not, let’s send out a note in the forums, or a tweet and make an effort to get a drink.  Even for just a 30 minute gathering, it’s so worth it.  For those of you in Portland, San Diego, LA, Denver, and NYC, let’s connect!

How Cool Were You In School?

Nerd vs. Jock vs. Thespian vs. Cheerleader vs. Computer Geek vs. Dirk Diggler

by in Lifestyle on Oct 5th, 2011

On a scale of 1-10, with 1 being a total nerd, and 10 being you pranced around on water, how cool were you?  I’d venture to guess most people will say they were a 6 or 7 out of modesty or delusion.  Heck, I think I was a 6.2 on the coolness scale in high school too!

It’s so funny looking back at those high school years.  Very few knew for sure exactly what they wanted to do and many of us just wanted to fit in.  It’s funny how much youthful angst pervaded the halls.  Some had low self-esteem, while others were full of confidence and could do no wrong.

In good old fashion Dear Diary time, I reflect on those good old days and hopefully you’ll share some stories too.

THE “COOL” PARTS Read More

If You Want To Get Rich, Stop Messing Around!

Why Be The Worst When You Can Be The Best?

After three open houses and a couple hours of analysis, I thought I picked the top 5 rental candidates with the best financial records, but I was wrong.  All was fine until my fourth and last open house when a 28 year old single guy who graduated from CalTech came in and applied.  He is a software engineer at Google and makes $450,000 a year!  What the……

In addition to his eye-boggling income, he has $400,000 saved up after 6 years of working.  Perhaps some of that is 401K or Google stock, but whatever the case, I was blown away.  The 35 year old cardiologist who makes $300,000 has nothing on this Google guy, partly because the doc is in so much debt and also because he is so anal!  After 20 questions, you’ve got to give a person some breathing room buddy.

When I went to business school, a third of my classmates were engineers because they were the smartest people who were “stuck” making $150,000-$200,000 a year.  They saw their less smart colleagues in sales and marketing move up in the firm and make $300,000+ a year and were envious.  These guys all got 730+ on their GMATs out of 800 and 3.8+ GPAs out of 4.0.  It seemed obvious to me they had a chip on their shoulder and felt like they should be running the place.

The Googler’s applicant simply shattered my belief that engineers face a ceiling.  If you are 28 years old and making $450,000, you are absolutely crushing it.  Only in industries such as private equity, money management, and banking do 28 year olds with 6 years of experience make this kinda dough.  Even if you went to Yale Law School and joined super prestigious Wachtel Lipton, you start off at around a $200,000 base (vs. $160,000 base for the other top 20 corporate law firms) and a potential $100,000 bonus.

The war for talent is on!  So what about the rest of us?

PLEASE STOP MESSING AROUND Read More

101 Centavos

Yakezie Gamma Class

by in Personal Finance on Sep 29th, 2011

Hello fellow Yakeziers,

This is Andrew from 101 Centavos (a hundred and one Centavos). I’m excited and gratified to have become part of Yakezie with the Gamma class.  Reading through the forums and forging relationships with fellow bloggers reinforced the decision to join. It’s a good bunch of people.

An Introduction

I blog semi-anonymously, but I’ve dropped a few personal details, here and there.  Here are some other factoids about  myself:

I’m originally from Italy, born and raised, but left at a young age. Italian was my first language. Some people that have known me as an English speaker only are surprised at the change that comes over when speaking in Italian, as the voice volume goes up and the hand gestures start flying.  There’s some truth to that old chestnut, an effective way to gag Italians is to just tie up their hands. Read More

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