Yakezie Member Post: Beating The Index

by in Featured on May 20th, 2011

Hi, I’m Mich the author behind BeatingTheIndex; my personal investment journal with a large focus on the North American oil and gas sector.

Back in 2008, I stood indifferent looking at the markets crashing. Why should I care? I always injected my free cash flow in my mortgage because I believe closing off this debt is an important step towards early retirement. What little money I had in registered retirement savings were contributed by the company, so it was not *my* money.

By the end of 2008, our company got bought out and going forward we had to contribute our own money in order to get the amount matched by the employer. This new reality forced me to start following the economy closely through the media and I started reading the business section of the daily news paper we receive at the office. Early in 2009, I struck a new passion after reading an article about Canadian oil and gas producers.  There was no stopping it after that, I was hooked and I had to find out as much as I can about this sector. My first investment account followed shortly after and I started my investing journey in the summer of 2009.

Not My First Passion Read More

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One Angry Customer And One Brilliant Business Plan

Unexpected Windfalls

by in Lifestyle on May 18th, 2011

This is a member post written by Darwin, the author of the blog Darwin’s Money. Darwin is a numbers guy with an MBA constantly evolving to today’s financial innovations and opportunities. If you like this article, subscribe to the Darwin’s Money RSS feed for more.

I was TDBank this past weekend setting up a new business account for my latest small biz venture with an old college buddy (CAD Drafting Outsourcing).  Anyway, while I was talking to the bank manager, there was a period of like 10 minutes where the change machine was going nuts behind me counting change.  It was pretty annoying because it seemed like it was never going to end and it was quite loud.  After it finally stopped, there was a commotion.  I heard a lot of yelling and some guy started dropping the F-Bomb repeatedly.

We’re All About to Be Killed – WTF? Read More

Asset Protection: Is Your Website Covered?

by in Lifestyle on May 16th, 2011

This is a member post from Timothy at The Wealth Artisan. visit us to read about dividends, and starting a business! 

Entrepreneurs have a lot that we must handle:

  • Ensuring the day-to day operations continue
  • Providing our products
  • Consistency in service
  • Managing the business finances
  • and, protecting our assets

But for entrepreneurs, and small businesses, protecting our assets seems to be a tough task, especially when our assets are primarily digital. We “protect” things all the time that aren’t tangible such as our lives with insurance, but how can we protect our websites?

People even purchase fantasy football insurance! Now, I’m not trying to knock those people, but if they are protecting themselves on fantasy football, why aren’t we protecting our websites?

Website Insurance? Read More

Traveling Overseas And Optimizing Foreign Exchange

Where To Go With A Weak US Dollar

by in Lifestyle on May 14th, 2011

The era of globalization has been the hallmark of the recent decade with increased foreign trade, travel, and sticky financial issues like foreign exchange rates. For the domestic vacationer that is suddenly desirous of a little more adventure, exotic locales are beckoning for your leisure dollar, and competition in the airline industry is so fierce that, even with increased fuel costs, bargains can be had for most heavily traveled routes across the globe. Timing is everything, but that need not be an issue when it comes to foreign currency exchange rates.

THE BEAT UP DOLLAR NEEDS HELP Read More

Interview with Bethany and Scott Palmer: The Money Couple

Book Review & Contest Giveaway

by in Personal Finance on May 12th, 2011

By, Barbara Friedberg editor-in-chief of BarbaraFriedbergPersonalFinance.com where she educates, inspires, & motivates for wealth in money and life. Learn personal finance from a real life portfolio manager.

I had the opportunity to chat with Bethany and Scot Palmer, authors of First Comes Love Then Comes Money; A Couple’s Guide to Financial Communication, for some “pre-interview” background information. As I’m interested in others (and just plain nosey), I wanted to uncover some dirt which wasn’t in their book.

Here’s what I found out from the Palmer’s.

On regular occasions, after meeting with couples, drawing up financial plans, and believing they were all set, many couples returned a few years later, with problems. Many of these returning clients WERE GETTING DIVORCED. This troubled and perplexed the Palmer’s. They realized that their practice was a microcosm of this trend reported in the Washington Post; 70% of couples who divorce, cite money problems as the cause. Read More

Don’t Quit Your Day Job

Delusions and Illusions

by in Lifestyle on May 10th, 2011

After six months of blogging, many of my fellow bloggers have dreams of being a full time blogger. Others have dreams of leaving their 9 to 5 and live off their blog or expand their blog empire. I’m here to warn you all, Don’t Quit Your Day Job!

Everything Changes

Last week, I had a lull at my day job. That allowed me to push some of my blog initiatives. However, a strange feeling came over me. One I never felt before. My passion for writing dropped. Why? I was going through an unplanned simulation with my blog being my new full time gig. Everything changed for the worse. Read More

Navy SEALs: Surviving Through Difficult Situations

Focus On Helping Others

A terrific piece was penned by retired Navy SEAL Eric Greiten in the Wall Street Journal entitled, “An Inside Look At SEAL Sensibility“.  In the piece, Eric discusses what it takes to become a SEAL and why some people succeed while others fail.  Navy SEAL training is considered to be the most vigorous military training in the world.  And “Hell Week” is considered to be the most difficult week during the most difficult training.  Out of 220 people in the author’s class, only 21 people made it through.

So who are those that make it through?  Are they the buff jocks and visually apparent warriors?  Perhaps there are some.  However Eric writes, “Some men who seemed impossibly weak at the beginning of SEAL training—men who puked on runs and had trouble with pull-ups—made it. Some men who were skinny and short and whose teeth chattered just looking at the ocean also made it. Some men who were visibly afraid, sometimes to the point of shaking, made it too.

In other words, anybody can make it through the Challenge and there is no set mold.

THE ONE THING THAT KEPT PEOPLE GOING Read More

Yakezie Member Post: krantcents

by in Featured on May 6th, 2011

School Days

Most kids go to school to learn something.  Not krantcents!  In nursery school he was teaching the other children how to tie their shoes.  Not bad for four (4) years old.  That was the same year he started piano lessons.  He quit after three years because practicing interfered with working.  At seven years old, he started his first business, renting parking spaces for ten cents.  He took his weekend earnings and bought a wallet.  This was his first mistake; he did not have any money left to put into it!  He worked sixteen hours over every weekend in his parent’s businesses.  Anybody else would be considered an overachiever, except in this family.

Boy Scouts, and 4-H Club came next.  He did not do too much in scouting because he did not care for camping and stuff.  4-H Club was more fun, taking care of animals and winning medals at the County Fair.  Other club activities included learning to shoot rifles, woodworking and fund raising (selling candy).  Sales were an important experience for the future.  This lasted three (3) years until he entered prep school.  School meant living there, at 12 years old, it was a traumatic experience.  It was a military school which was filled with rich kids from around the world.  Networking 101! Read More

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