Wednesday, June 18, 2008

The Blog of Tim Ferriss

I've just started reading The Blog of Tim Ferriss and think that I'm going to pick up his book, The 4 hour work week soon. I'm just starting to read up on him, but so far he seems like a really interesting guy with a lot of good thoughts/ideas/rules to live by.

I especially liked his Not-To-Do List (bullets below are my thoughts):

1. Do not answer calls from unrecognized phone numbers

  • I currently follow this rule - I'm not a big fan of telemarketers and if I haven't taken the time to load your info into my phone, chances are I don't want to pick up the call...sorry.

2. Do not e-mail first thing in the morning or last thing at night

  • I try not to do this, but I have e-mail on my phone now - so sometimes I respond to e-mails on my ride into work. But I have programed the phone to not retrieve e-mails during the night - so I get points for that at least, right?

3. Do not agree to meetings or calls with no clear agenda or end time

  • I want to do this. Sometimes it's difficult since I'm still at a fairly low level and don't really have a choice in how some meetings are put together. But that being said, I do run my fair share of meetings - so this is a goal that I should incorporate and work on moving forward.

4. Do not let people ramble

  • Sometimes you can't help this one - but for those people that I know which have a tendency to ramble I know that I approach them a different way than others.


5. Do not check e-mail constantly — “batch” and check at set times only

  • Like I said, I now have e-mail on my phone. And although there's a clear and definite argument against what I'm about to say, I'll say it anyway. I believe it makes my slightly less stressful. I never liked walking into work and seeing e-mails which were waiting for me like bombs on my desk. Now when I get them on my phone I have time to think about them and figure out what approach is needed. Now, some might say that having time to think about it is bad but this works for me so far.

6. Do not over-communicate with low-profit, high-maintenance customers

  • I like this rule and am starting to work on it - at least as much as my company will allow.

7. Do not work more to fix overwhelm — prioritize

  • I am definitely working on this one right now as well. My department just saw 2 people walk out the door to join other companies within the past 3 weeks - and since we're not a very big company to begin with - my workload has just tripled. I'm trying to organize, prioritize, and delegate - this has not been a strong point of mind in the past.
8. Do not carry a cellphone or Crackberry 24/7
  • Most times I carry it - sometimes I do not.

9. Do not expect work to fill a void that non-work relationships and activities should
  • I have no problem with this rule. I understand - maybe now more than I did when I first started out - that a job is just a job and life is too short for it to be more. The problem always comes out of you need things in order to have a good life. And yes - people will disagree with this. But at a very basic level you do need to do well at your job to afford a "good life" and sometimes that includes extra effort. Now I don't want to have a mansion or a private jet - but I do want to earn enough where I don't have to worry and can provide for my current and future family if needed and when called upon. And currently, I need to do well to earn as much money as I can in order to climb back to zero.

He goes into the details of those steps in more depth on his blog, but I think they make sense if you're trying to figure out how to get the most out of your workday and your personal life.

Though I can't imagine only checking my e-mail twice a day would get me into some trouble at work...but I guess that's the point of the site (not to get people in trouble, but that the steps are unconventional and scare you a little bit).

Tuesday, June 17, 2008

Response to Comment

"After you pay your car off, don't you think you should build a small emergency fund up first then start snowballing the cc debt?--your savings seems a little small --shouldn't it be it least 500? just a thought."
- Donna (6/16)


So I got this comment from Donna on my last net worth post and although I'd like to have a smart reason to disagree with what she says - the fact is she's right.

To be honest, I had never saved up an emergency fund. My last $1000+ fund was due to a nice tax refund. This year, through a mistake of my own, I did not have a refund to distribute.

My weakness is that I'm in such a rush to pay down this debt and be done with it that I'm not being realistic in terms of how much I can afford to put towards it at one time. I'm setting myself up for a fall and, in some ways, I have been falling. I have stretched myself so thin a few times that I have been hit with overdraft fees at my bank. Those fees are $30 a hit.

I need to be smarter about my pay-down and I do need an emergency fund - so I'm going to dedicate a little more money to building that fund up.

Thanks for keeping me in line, Donna. This is exactly why I have this blog.

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Wednesday, June 4, 2008

Net Worth - June 2008




Quick update to go along with the chart - I'm done with my insurance payments for my car, at least until the policy renews in September. So that's about $65 - $70 each month that I can now (starting next month) put towards credit cards. Also, as I've been pointing out for the past few months or so, I am now just two payments/months away from owning my car. And equally - if not more - important is that I'll be able to put that $250 a month towards my credit cards. Woo Hoo!

Tuesday, June 3, 2008

The Search for Stimulation Continues

Just a quick update on my stimulus payment (or lack thereof) - I still have not received it. Though, my girlfriend, who about a week ago received a letter (which I have not received) saying that her payment would be sent out on 5/30, got her stimulus check yesterday in the mail.

So even though she filed electronically, she received a check in the mail. I'm not sure why - no letter came with it giving an explanation, but regardless, she got her payment. Where the heck is mine?! (by the way, I filed about a month before her)