Archive for June, 2010

Job Hurdles With Potential Holes Behind Them

June 25th, 2010

While reading the Financial Samurai‘s post: “Overcoming The Wall“, I felt the need to cover an aspect the might be darkly invisible to Sam, since his path to promotions has beamed so brightly (nice job Sam, We believe you’ll keep moving, albeit more slowly).  Get promoted depends on a lot of factors, some not so obvious, especially if you are promoted quickly!

Less Than Obvious Factors For Getting Quick Promotions:

  • Managers that don’t fear their employees.  My 2nd manager (my first manager that hired me moved out of state to for a promotion), wasn’t as qualified as I was in our area of employment.  So much so that VPs even asked me if I thought my manager at that time was a hindrance to the department.  Back then, I protected my manager because it’s what I believed was the proper thing to do.  That and the fact that she wasn’t a bad person overall, even though she wasn’t that good at her job.
  • Managers that promote their teams.  In our company, only our segment was and is very slow to promote.  My manager demeans her group, even when compared to other in different states that do similar work.  I think this is related to the point identified above.
  • Proper recognition.  Just this past weekend, I work 11 hours on a Saturday task to help with a major problem.  I was a very important factor in getting our customer facing systems in place and working as expected (with just 2 days of prep time) not to mention helping troubleshoot other problems.  Even though such a feat was accomplished, I’m sure I won’t be part of the team that gets recognized for my efforts.
  • Accepting Management positions when they arise.  I was offered a managerial position in a group that I didn’t want to manage.  I was also offered a higher position that I am currently in a development role that I turned down for the next reason that I will talk about below.  This is my own folly that I regret.  Now my less qualified buddy is the a manager in the group I could have had and obviously more happy than I.
  • False promises.  My 3rd manager has made promises about promotions that he didn’t keep.  He made promises to me and others, but later we found out that he flat out lied.  This manager also had a tendency to tell his employees to do one thing, then at a future time, come back and complain about what he told them to do.  This guy was obviously an idiot.  Ironically he’ll probably be promoted in a few years because he has been kissing up to a VP these past few years.
  • Getting along or making friends with the right group.  It’s hard to predict who will be the stars of tomorrow.  Their brightness in the company is based on much more than skills, even in the technology field (this surprised me).  Kissing up really does pay off, don’t believe those that say otherwise. ;)   If I had to do it over again, I would definitely be more aware of this!

So while I’ve been promoted three times at my current place of employment, I could have moved up much further than I am today.  But I don’t beat myself up too badly!  Sometimes if the combination of factors don’t line up or if you get unlucky and have an incorrect combination of friends when you pull the company friendship slot machine, you might not get the promotions or recognition that you deserve.

So what’s a good/great person to do in a situation that I describe above?

  • Look for a better job when the market is ripe for it.
  • Start some side jobs
  • Look for a new job cautiously when the job market is sour or immature…

Anyway, that’s my take on the matter, keep believing and try to look out for those hidden holes.

Do you have any additional suggestions?

-MR

Wake Up Financial Neo

June 24th, 2010

At one time, I thought those few that were rich would always be rich, and those many that were middle class would always be destined for the middle class.

Then I read a book called “The Millionaire Next Door“, (hey, this link took me to what looks like a free online ebook!  How cool is that!) to simplify and paraphrase it, the books pretty much said no “Money Reasons”, you are wrong!  You can still become financially independent if you live a frugal life, stay out of debt, invest your money and use your common sense….  You too could potential be rich or at least financially independent someday!

Much like Neo in “The Matrix“, you have to believe that you are the one, and fake it until you are the one.  Then at some point, much like the turning point in “The Matrix”…  You are the one!

One of the more important point within the movie is that without other people, Neo would still be chained to his bleak 9 to 5 job, working away getting nowhere!  This is analogous to getting a human support structure that positively give you encouragement, or even advice on how you can succeed and live better!

Half the battle is believing in yourself!  Next is taking action and making supportive friends to help you and enable you to enjoy life!  Friends can make things happen for you, and if you believe in yourself, you can make things happen for yourself!

So wake up financial Neo, start believing you are the one!  The one who will make you financially independent and possible rich!

-MR

Lunch Budget Experiment Update #3

June 23rd, 2010

I haven’t talked about my Lunch Experiment or Adult Allowance for quite a while, so I thought it was time for an update!

The REIT stock ”ANH” dropped 11% since I bought it, but surprisingly with the dividends received so far, I’ve still even on the amount invested overall…  I also purchased a small position (only 1/2 of what I put in ANH) in a stock “EVEP” (an energy stock) that also provides a dividend. 

The EVEP dividend only pays 8%, but the stock is up almost 40%, so from a total stock evaluation stand point I’m up a combined total of a little over $200.

Okay, to summarize, the valuation of the stocks are actually up which is great, so I can count the dividends from both stocks entirely.  The amount the dividends per week comes to $8.00 (I can only buy soup when I eat out, but it’s a start).

So my experiment so far is successful.  I now generate enough income for 1 day out of the 5 work days for a lunch paid for by the dividends (yes, I know I’m not considering taxes…)!  I decided to keep doing the experiment!  I also decided to diversify into other dividend yielding stocks.  I know that the stock ANH will probably decrease their dividend in the near future, so the more I can diversify the better!

To “prime the pump” I borrowed money from my account to start this, and I’ve been slowly paying myself back.  I still have 8 weeks left, then I will start saving money again for investing in more stocks for my Lunch Experiment!

While the amounts may seem trivial, all great things start out small, and so did this!  You see, this is my first true “Dividend Fund“!!!

Eventually, I plan on creating a Christmas, Vacation and “Real Estate Tax” Dividend Funds!

Have you considered creating such Dividend funds or do you have alternative ideas? 

-MR

Related Posts:

Dividend Stocks, Lunch Experiment Update #4

Lunch Budget Experiment Update #2

Lunch Budget Experiment Update

Paying An Adult Allowance

Lifestyle Inflation Creeping Into My Life

June 22nd, 2010

Okay, I confess, now that I’m debt free “Lifestyle Inflation” is creeping into my life!

Summer isn’t helping!  There are so many fun things to do in the summer!  Lifestyle inflation is where you do the same things, but more of them or you upgrade to a better version of them.  An example would be when you take your old 32 inch CRT TV (don’t laugh, I still have one) and replace it with a new 60 inch LED HD TV!  Another example would be instead of just going out to eat at your favorite restaurant (Olive Garden for my wife, Wasabi Japanese Steak House for me) once a week, you would go out more often, perhaps 2 or 3 times a week.

It’s especially easy to spend money on your children.  This is the current hurdle that I’ve been facing.  I need to buy a new battery for our ride on car so my daughter can enjoy the car too (like my son did).  The cursed battery cost over $50!!!

I guess I could stick to a strict spending budget, at least for the summer!  Then once winter comes back,  I can roll out of the spending budget since I naturally spend less…

What ways do you fight the urge to increase your “Lifestyle Inflation“?  Or do you succumb to it, but with balance?

-MR

My Perfectly Frugal Fathers Day

June 21st, 2010

As a father of 2 children (9 year old boy and a 6 year old girl),  I always thought that “Fathers Day” was about me!  Ordering the kids around on Fathers Day … “Hey son, get me the paper” or “Daughter, get me my slippers” almost seemed like that thing to say.  Afterall, it’s my day and I’m in charge (imagine my evil laugh… Mwahahahaahhaha).  Of course, I’ve never do that, but I can see where Dads could easily assume that’s what Fathers Day was about.  But yesterday (much like when the Grinch’s heart grewing 3 sizes that day), I’ve come to realize that Fathers Day is about my kids and the memories we can create together.

I want my kids to look back and think of me with fond memories someday, and if I do this parenting thing right, I get to enjoy the experience along the way too ;) .  So from now on, Fathers Day will be about me trying to create some great memories on that day with my kids.  And that is what I did this Fathers Day!

Here is my list of our frugal Fathers Day activities.

  • Opened my Fathers Day present, which was a new portable Fire Pit (Dad acted reasonable excited)
  • Went to pickup McDonalds breakfast for the kids
  • With help from the entire family, we moved our old furniture back into the Family Room, letting my son and daughter help with moving and decision making
  • Packed up and went swimming at the grandparents.
  • Swam as certain monsters (shark, blob and Orca).
  • Was an Orca Daddy to my younger daughter.  And let the kids ride on the Orca
  • Watch Kids play as a trainer and dog trying to learn to swim.
  • (Helped Grandparents with some manual labor, digging and moving dirt took at least an hour… yuck)
  • Let son take 2 small wheelbarrows of dirt to dirt pile.
  • When home and kept an eye on my son while he started up the fire pit (we got the wood for free from grandpa)
  • My wife made pizza pies to cook over the fire pit.
  • Daughter and I weeded and water the flower bed (from mother’s day)
  • Son cooked the pizza pies over the firepit
  • We all at the pizza pies and toasted marshmallows.
  • Son and Daughter threw the ball for our dog to chase (until the dog got tired and stopped).
  • The kids and dad went on a lightning bug (or firefly) hunt.  We caught about 15  lightning bugs and put them in a bug container for my daughter to watch at night.
  • Played with kids right before they went to bed.

And that was my Fathers Day, other than the McDonalds meal, it was a very frugal Fathers Day, but one filled with fond memories.  Its funny how watching my kids playing or working reminds me of Normal Rockwell scenes… except better! 

In my mind, I took so many great photos of the kids doing various things today!

 This was by far the greatest Fathers Day I ever had!!!

-MR

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