Tuesday, July 20, 2010

managing your personal finance

As you’ll read tomorrow (or Monday), I’ve entered a new phase in my life. After years of hard work and long hours building this blog (time that I’ve enjoyed), I’ve been shifting things around so that I have more free time. As a result, I’m going to have more time to devote to creating quality blog posts, instead of rushing around at the last minute looking for something to write about.


Because of this, it’s time yet again to take requests. I do this about once a year, and it’s a great way to get a feel for what GRS readers are interested in. I’d be grateful if you’d take the time to leave a comment below with topic suggestions or article requests. It doesn’t matter if we’ve covered the subject in the past. If you’d like me (or one of the other GRS staff) to write about it, let me know.


Have there been too many articles about credit cards? Too few articles about credit cards? Would you like to know more about individual savings accounts? Do you like the articles about the psychology of spending? Would it be helpful to have somebody come in to explain insurance concepts in plain English? Should I try to persuade my wife to share more of her recipes now and then? Let me know what you’d like to read about!


While you’re all providing feedback about the site, here are a few recent articles of note:


Over at The Simple Dollar, Trent and his readers had a thoughtful discussion about the obligations of wealth. “I think there is some inherent distrust of the rich in the mainstream of American society,” Trent writes as he describes how a wealthy person can keep from alienating his friends. There’s so much to say about this topic; I’m tempted to write an entire article about it.


GRS reader Steven writes a blog called Hundred Goals, which is about achieving your goals while managing your finances. After Sierra’s post this morning about travel, he dropped me a line to let me know that he has a recent article about how to have a great vacation.


Speaking of vacation, my pal Jason over at No Credit Needed spent time compiling day-use fees and free days for state parks across the United States. Handy page to bookmark!


And here’s more travel! At The Art of Non-Conformity, my good friend Chris Guillebeau has posted a beginner’s guide to travel hacking. I’ve been asking him to share this info for a long time; now I’ve got to take responsibility to use the knowledge he’s shared.


Finally, I’ve been giving a lot of interviews lately. I’m much more comfortable with these than I used to be. (They used to scare me to death!) Some examples:



  • Colleen from The Frisky interviewed me about how to save money even when you’re living paycheck to paycheck. This is a tough quandary, something I’m asked about a lot.


  • In an interview with BeFrugal, I discuss frugality, happiness, and conscious spending. (Note: “the ballot” should be “the balance” — I must have mumbled.)


  • Jeff Rose at Good Financial Cents also interviewed me. This interview is very much about the process of writing a book, which may or may not interest you.


  • I also spoke with Beverly Harzog from Card Ratings. We chatted about credit cards, of course, but also about other aspects of personal finance.


  • Finally, USA Weekend has a short piece on how to give your 401(k) a midyear check, for which author Richard Eisenberg interviewed me back in May. This is a perfect example of how much work goes into even a small newspaper article. Eisenberg spent 20-30 minutes on the phone with me, and I’m sure he did the same with the other folks he quotes. Plus, I’ll bet he spent a lot of time writing. I wouldn’t be surprised if there were 4-6 hours in this small piece.


Okay, one last thing before I go. Tim pointed me to a two-year-old New York Times series about the debt trap, which includes an interactive infographic showing average household debt loads over the past century.


That’s enough links for today. Please do leave a comment with topic requests or other feedback. Meanwhile, it’s time for me to go do some yardwork…









As you’ll read tomorrow (or Monday), I’ve entered a new phase in my life. After years of hard work and long hours building this blog (time that I’ve enjoyed), I’ve been shifting things around so that I have more free time. As a result, I’m going to have more time to devote to creating quality blog posts, instead of rushing around at the last minute looking for something to write about.


Because of this, it’s time yet again to take requests. I do this about once a year, and it’s a great way to get a feel for what GRS readers are interested in. I’d be grateful if you’d take the time to leave a comment below with topic suggestions or article requests. It doesn’t matter if we’ve covered the subject in the past. If you’d like me (or one of the other GRS staff) to write about it, let me know.


Have there been too many articles about credit cards? Too few articles about credit cards? Would you like to know more about individual savings accounts? Do you like the articles about the psychology of spending? Would it be helpful to have somebody come in to explain insurance concepts in plain English? Should I try to persuade my wife to share more of her recipes now and then? Let me know what you’d like to read about!


While you’re all providing feedback about the site, here are a few recent articles of note:


Over at The Simple Dollar, Trent and his readers had a thoughtful discussion about the obligations of wealth. “I think there is some inherent distrust of the rich in the mainstream of American society,” Trent writes as he describes how a wealthy person can keep from alienating his friends. There’s so much to say about this topic; I’m tempted to write an entire article about it.


GRS reader Steven writes a blog called Hundred Goals, which is about achieving your goals while managing your finances. After Sierra’s post this morning about travel, he dropped me a line to let me know that he has a recent article about how to have a great vacation.


Speaking of vacation, my pal Jason over at No Credit Needed spent time compiling day-use fees and free days for state parks across the United States. Handy page to bookmark!


And here’s more travel! At The Art of Non-Conformity, my good friend Chris Guillebeau has posted a beginner’s guide to travel hacking. I’ve been asking him to share this info for a long time; now I’ve got to take responsibility to use the knowledge he’s shared.


Finally, I’ve been giving a lot of interviews lately. I’m much more comfortable with these than I used to be. (They used to scare me to death!) Some examples:



  • Colleen from The Frisky interviewed me about how to save money even when you’re living paycheck to paycheck. This is a tough quandary, something I’m asked about a lot.


  • In an interview with BeFrugal, I discuss frugality, happiness, and conscious spending. (Note: “the ballot” should be “the balance” — I must have mumbled.)


  • Jeff Rose at Good Financial Cents also interviewed me. This interview is very much about the process of writing a book, which may or may not interest you.


  • I also spoke with Beverly Harzog from Card Ratings. We chatted about credit cards, of course, but also about other aspects of personal finance.


  • Finally, USA Weekend has a short piece on how to give your 401(k) a midyear check, for which author Richard Eisenberg interviewed me back in May. This is a perfect example of how much work goes into even a small newspaper article. Eisenberg spent 20-30 minutes on the phone with me, and I’m sure he did the same with the other folks he quotes. Plus, I’ll bet he spent a lot of time writing. I wouldn’t be surprised if there were 4-6 hours in this small piece.


Okay, one last thing before I go. Tim pointed me to a two-year-old New York Times series about the debt trap, which includes an interactive infographic showing average household debt loads over the past century.


That’s enough links for today. Please do leave a comment with topic requests or other feedback. Meanwhile, it’s time for me to go do some yardwork…










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Many of us have our feet firmly planted on the treadmills of life - pursuing careers, running homes and living busy lives. Our lives have become cluttered with so much activity that it's no surprise many women today are carrying around with them emotional baggage.

Wondering what I mean by emotional baggage? Well, after working with women for a decade, I have discovered that these come in various forms such as unresolved issues of the past (e.g. a traumatic childhood, failed relationships, etc), unmet needs, negative emotions (e.g. low self esteem, fear, etc), and the like. Emotional baggage also accumulates when you find yourself emotionally battered, wounded and scarred by life all the while carrying on, business as usual, with your mask firmly in place. After all, it's not cool to have your business known by all on sundry. Moreover, who can the highflying female be utterly real with? Hence the 'real' you takes a backseat whilst you pretend being someone you are not. I guess the true test comes when the curtains fall and you have quit performing for the day. You take off your mask off and are promptly confronted with the issues you have neatly tucked away behind your mask (e.g. your success, personality, clothing, roles/responsibilities, etc). Ask me how I know this too well! Let's just say it was a combination of my personal experiences as well as my professional experience as a life coach.

As if things weren't bad enough, we live in a world that places a heavy emphasis on our outward parts (e.g. appearance, accomplishments, etc) whilst overlooking the rest of our being. This means we often invest little or no time nurturing or even dealing with our inner selves. Hence, it's really no surprise that many of us are carrying around our issues, hurts and pains of yesterdays and yesteryears. Over the years, I have come to observe the result of this in that we appear to evolve into a lopsided individual that I term female hybrid. The female hybrid is an unauthentic, pale version of the original woman God had in mind when He created her. Her emotional baggage drives her to precarious attitudes, beliefs and behaviours that, in the end, hinder the full expressions of her capabilities and uniqueness (to say the least). So far, I have identified ten different types of female hybrids in my book, Overcoming Emotional Baggage: A Woman's Guide To Living The Abundant Life (Milestones International Publishers, 2006 - ISBN: 0-924748-73-7) that you will find intriguing, if not revealing, of the woman you might have become over time. Female hybrids display a raft of mindsets and behaviours that propagate their issues. On the surface, she may even seem all that but beware of what lurks beneath the surface.

The problem with being a female hybrid is that there is a lot of inner turmoil. She is constantly trying to compensate for the baggage she is carrying around. Not knowing how to effectively deal with these, many female hybrids find themselves caught in the traps of compulsive, impulsive or addictive behaviours (to mention a few). After all, these appear to quieten the storms raging within - though often short lived. Deep down, their desire is simply to bring about restoration in their souls and having the emotional freedom to live the life they truly desire. The problem with these short-lived solutions is that they have a nasty habit of propelling the real issue and causing further problems down the line (e.g. issues with weight, health, money, relationships, etc).

So the next time you feel the need to 'comfort eat', indulge in retail therapy or any other behaviour to make yourself feel better, ask yourself what the REAL issue is. Reflect on why you think and/or behave in certain ways? And please, don't fall into the trap of thinking, "this is the way I am!" or "I'm doing well in my career/business etc, hence I must be ok". These are the perceptions that keep many of us bound for far too long. And just in case you may be wondering...you weren't created that way neither! Mindsets such as these keep you in denial or in perpetual hiding as you keep brushing your issues under the carpet - hoping it would simply disappear some day. The simple the truth of the matter is that things will get worse unless you deal with them. There comes a time when you will have to accept that this journey called 'life' may bring about some challenging, perturbing or even traumatic situations. That's just life. However, a smart woman, serious about succeeding in life, recognises the importance of effectively identifying and dealing with these situations when they arise so they don't impact any areas of their lives or the lives of those around them.

So maybe you suspect you may have become a member of the female hybrid club. Don't worry. All hope is not lost. I suggest you identify and confront your issues. And if necessary, get the help you need from the right places. Don't just suffer in silence and let your emotional baggage eat away the core of you. Take action today and start living the abundant you deserve to live. To help you on your journey to emotional freedom, below are some powerful life changes to consider:

1. Slow Down: Our fast paced lifestyle is the number one culprit to the proliferation of the female hybrid. Constantly being on the go gives you little or no time to focus inwardly.

2. Get Your Life Balanced: Get a healthy balance between your work and personal life. Failing to do this will surely grant you a lifetime membership in the female hybrid club.

3. Reflect Daily: Schedule some time each day to reflect on your day and/or what's going on in your life. If you stockpile your emotional junk, it will become a stumbling block in your life further down the line.

4. Develop Your Tripartite Being: As you are a woman made up of a spirit, soul and body, spend time developing all aspects of your self e.g. developing/renewing your relationship with God, reading books that will fortify your spirit and soul, etc.

5. Get Your Needs Met: Unmet needs are a huge contributing factor to the accumulation of emotional clutter. Therefore, identify what your needs are and get a healthy dose of them daily.





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Hyperlocal <b>News</b> Site Fwix Debuts Local Trend Search

Fwix, a news site that offers a stream of hyperlocal, realtime news by location, is launching a new portal today that aims to give anyone a real time view of what's happening in a location. You can access the new search portal here.

ASUS EP101TC Now Shipping with Android | Netbooknews - Netbooks <b>...</b>

Today the Netbook News team went down to the ASUS headquarters to hang out with the Eee Pad team, and we learned something that actually made us breath a sigh of relief. The EP101TC pad will dropping Windows CE and will be shipped with ...

Daily <b>News</b> Moving Downtown

The New York Daily News has signed a lease for new space in lower Manhattan and will leave its 450 W. 33rd St. headquarters for 4 New York Plaza next year, the paper's owner, Mort Zuckerman, announced Monday.


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