Archive for September, 2011

Will Google Enable Us To Finally Go Paperless?

September 30th, 2011

Even though I consider myself to be frugally “green”, I’m guilty of still receiving plenty of paper from mail statements that show my brokerage account activities and other important documents.  I also would buy paper at the store (notebooks and such) to doodle ideas on and keep track of things such as list and research on various topics.

While the doodling my ideas on paper is still something that I will continue to do, the other forms of paper use are starting to go on the decline because my increase use of Google Documents.

How I Started Using Google Documents

One day, I was taking my lunch at the library, when I tried to log into a site that required a login and password (I have at least 100 of these).  Sure enough, I couldn’t remember what either my account name or password was (grrr).  This is when I started creating a spreadsheet of low risk online sites that I would record certain data about the various site names and URLs that I’ve visited, along with the corresponding accounts and passwords.  By doing this, I instantly have this information at my virtual fingertips without having to carry around a notebooks of passwords (never a safe thing to do).

Sometimes, I would be in my “Sites, Accounts and Passwords” google spreadsheet and I will notice a site that I haven’t logged onto recently but that I knew was a good site.  So in that way, it also helps me remember things too!

Evolution of A Google Documents User

From my extremely useful passwords spreadsheet, I started using google documents for number crunching, to-do list, and other things that formerly existed in a paper form.

Perhaps the biggest impact is that I started putting my business information and systems into the spreadsheets.  There is nothing better than having access to your business information at all times.  You could be in the doctor’s office, waiting to pick up your kids, etc and at the same time be working on your business documents or planning something important.  This is a win-win.

Future of My Google Documents Use

The awesome thing about the google documents is that they use a JavaScript type language to script out task.  The scripts combined with a time/scheduler in google enables things to run automatically.  This is very powerful!  You could create simple applications in google documents that could make your life much simple.

All in all, this is a great way to go especially when you consider that Google Documents is free (vs Microsoft Office).  I’m sure in future, my paper usage will continue to decline…

Have you every tried Google Documents, and what is your take on their office suite?

Going green,

MR

What Skills Are Keeping You From Becoming Financially Independent?

September 29th, 2011

I have a strong sense of logic.  I like to crunch numbers and playing mind and logic games. I consider this a great skill, but logic/analytical skills in themselves won’t help me to become financially independent!

Having Great Ideas that Didn’t Take

I come up with what I consider great ideas, but I don’t communicate those ideas very well.  Often, I’ll bring an idea up to a manager or friend and they won’t get it, then later someone else will think of my idea but they are able to create some buzz around it, thus enabling the newly re-discovered idea to be applauded and implemented (and yes, I hate that this happens to me).

So based on a long history of these kind of experiences, I’ve come to the conclusion that my weakness is my communication and marketing skills.  Since I now know the enemy, I decided to use blogging as the weapon of choice for combating my weakness. In fact, trying to defeat this weakness is my third main reason that I blog, and blog often.  My 1st and 2nd reasons are to play with the technology and to help others recognize a path for a middle-income member (like myself) to become financially independent.

Why I Blog Almost Every Day

Since I’ve uncovered my weakness through analyzing my past, The simplest and most entertaining way to combat my communication weakness is by blogging.

After almost two years of blogging, I’ve notice that my communication and marketing skills have increased in the following ways:

  • I think of words faster during a conversation with others.  I use to stumble for the correct words when speaking to other, but now those words just slip off of my tongue like a bicycle slipping on ice.
  • Both my email and IM communications are easier and more clear for the recipients to read.
  • I have confidence in my words.  I’m a blogger and this is now what I do, so words and I are finally friends.
  • I’ve learned to think outside of the box.  New ideas come to me all the time at work.
  • I believe that in some ways I’ve become smarter, and think that writing has kept me sharper than if I didn’t write.

With My New Skill, Will I Become Financially Independent?

With my new skills, I find it easier to talk to strangers.  Talking to others creates and enables opportunities that would not exist for you if were just kept to yourself.  So just in this small side effect from blogging, my odds of financial independence has greatly increased.

Since I have increased my weaknesses, now I can focus on my strengths while maintaining my new skills.  I’m hoping that with my strengths and enhanced weaknesses, I’m a more marketable individual.

Getting Help if You Have Weaknesses

What if you are the opposite of me?  Let’s say you have great communication skills, but horrible math/logical/analytical skills?  What can you do?

First, starting with the basics, try learning your skill weakness again.  Sometimes when you are younger, too many other distractions exist to focus on something that requires a lot of focus (like math, logic, etc).  You may find that you now have the patience and attitude for learning in your area of weakness.

Second, if find that you still don’t like your area of weakness, bring in others!  Friends, family, paid contractors… whatever it takes!  Keep an open mind during your encounters with your weaknesses can go a long way to fix those problems!

Readers, do you have any weaknesses that you care to share?

Thanks for helping me on my path to become financial independent.

MR

 

 

Progress on Achieving Financial Independence – Swimming To Shore

September 28th, 2011

After I paid off my house a few years ago, I wrote about the experience (via the post:  Stop Drowning in Debt, Start Swimming To Shore) using a swimming analogy.  In the swimming analogy, I compared “being in debt” as being similar to being underwater and swimming straight up to get desperately needed air.

In the under water analogy, there were no complex choices, you had to swim straight up on the quickest and shortest path to get the prized air.  Instinct practically took over so there was no thinking, just a constant and quick paddling to get to the surface.  Much like debt, it makes the decision very easy because every movement up was a direct contribution to your end goal which was to breathe or reduce your debt.

Once surfacing (or getting out of debt):

  • at first you catch your breath,
  • rest a bit,
  • then start looking where to go from there!

In a later post called (Getting Wealthy By Swimming to Shore), I wrote that I plotted a basic course to follow and that I started implementing my loose plan.

I’ve discovered that following that plan is hard because of so many other options that are out there once you get out of debt.  I’m constantly wondering about the direction that I should be swimming and if current path is the best…  I miss the days when every payment on debt was instant feedback on how my financial position has improved.  The wealth producing opportunities are not anywhere near as predictable making debt payments.

The feedback can be false depending on how you act on your investments.  For instance, 3 years ago I would have never guessed that gold would be as high as it is today.  In a unsure economic climate and the increased consumption from developing markets on a scarce resource, it makes sense that gold would rise as it has but it’s hard to see this sometimes because of all the variables involve.  To bad I didn’t buy any back then!

Interestingly (and not really related to the point of my article), I recently saw on TV that we can make gold out of lead.  The process requires massive amounts of energy that make it too expensive, but it is possible.

Achieving financial independence and my swimming analogy:

So I’ve plotted a course to follow that I will try to achieve financial independence, but it’s a tough course and I’m constantly making small adjustments.  I think as long as I don’t swim in circles or suddenly decide to swim the opposite way, I’ll be okay.  I have learned that my journey won’t be a straight path as it was with getting out of debt.

There will be times when I go backwards because of the currents or I’ll have to swim around obstacles (like stinging jellyfish).  I think the important point is to keep swimming, because after you stop swimming for too long, eventually you sink.

So in conclusion, it looks like I’m in for a long, hard swim until I develop a pace to swim/invest by…

MR

Thoughts on Mastering Time

September 27th, 2011

Time use to be something that I never thought I needed to master…

Mastering Time

Time by ToniVC

When Time Could Be Wasted

As a kid, time would just be rolling along, as I would read my comic books, or watch the 2nd or 3rd rerun of some no-value TV show, perhaps Seinfeld?  I use to let Time just tick away as I hoped the my money in investments would benefit from the near-magic effect of compound interest.

I would often naively try to kill time by playing video games both at my house and playing with, and against my friends.  The weekend would come, and I remember sleeping in until almost lunch sometimes, sleeping my way through three or four extra hours, just wasting time (jumped out to check the stock market results from yesterday, DOW is up 272, WOW!).

Yep, back then, time was a thing that took too long, and something that I wanted to slip by so I could drive, drink alcohol, vote, or forget about bad relationships of the past.

Now Time Needs To Be Controlled

This summer, while I accomplished many things that I wanted to fix or do, most of my “to-do” list didn’t get done.  Oh, I get the high priority tasks done (like fix the car so it runs), but some of the small cosmetic tasks had to get benched in my life.  I’ll probably be the crazy guy out in November mulching around my house.  (I just jumped out of this blog post to check my fantasy football score from this past weekend, I won, yay).

So why has time become a wild stallion in my life that I’m now trying to tame? 

As time passes, things and responsibility quietly accumulate (I heard a sounds in my son’s room, I investigate, but it was nothing) and start to steal some of your precious time.  Raising kids the best that you can take time, maintaining your house, reading the “Accept this terms” and other legal document reading requirements, maintaining friendships, and keeping hobbies , all require time (our dog heard me and is whimpering, so off I go downstairs to let her out).  Kids require a lot of time, but they are worth it.  I took my daughter to piano lessons yesterday, making sure that I took a book while I waited in the waiting area.

How To Mastering Time

For reasons above, I’ve decided to try to get a grip around time and to master it.  Below are some of the things I do to maximize both my life and time.

  • During commute work time, I either 1.) Listen to audio books, 2.) Think about blog topics or 3.) Try to develop a task list for things to be accomplished during the day.
  • As I mentioned above, (just let the dog back in), I like to take things to do during waiting time such as doctor office visits or taking the kids to practice and other such time sucking requirements in life.
  • When mowing or doing other low thought chores, I like to think.  It’s a good way to come up with new ideas for hobbies (in my case it’s blogging).
  • Pass-by tasking.  As we get ready to go somewhere and I need to wait on one of my kids to get their shoes, cloths, etc on, I’ll take out the trash or do some other quick non-important task.
  • Lunch is no longer just about eating as I focus on things going on like blogging, or my fantasy football lineup, or reading programming and finances.  A close-by library has made this possible.  (My alarm clock just went off, I wonder why I even set it anymore…  I never sleep…)

These are the new ways that I’ve learned to both master and juggle time.

Readers, do you have any tricks for making the most of time, in situations where time would seem to be wasted?

Bests,

MR

Frugally Having a Dad and Daughter Day

September 26th, 2011

Every so often, my daughter and I have a “Dad and Daughter Day“, where only my daughter and I do things.

This past Sunday, we had one scheduled and so we were going to hit the town.  Now since my daughter is only 7 and actually had a soccer game in the middle of the day, we didn’t have much time today.

Here is what we did.

First, after eating both breakfast and lunch at home, we packed up the car and traveled 45 minutes south to play in a soccer game.  We lost, but at least my daughter was awarded the MVP award (this is her second time getting this award).  It was a close game, but the other team cheated pretty badly.  I’ve never seen little girls stiff arm other girls until this game.  It was like watching football instead of soccer…

After the game, we decided to celebrate her award, by going to a local ice cream shop, where I bought the traditional “mint and chocolate chips” ice cream (single scoop of course).  Since I didn’t get one, it only cost $2.00.

Next we went out for dinner, instead of buying 2 meals, I bought one and split it with my daughter.  We both drank water, so the bill only came to around $12.35.  Since my daughter is still pretty young and doesn’t eat all that much, this was the perfect amount for both of us (a win-win)!

Time was slipping, so we cut out the movie that she wanted (hooray, that would have been pricey!).  Instead we went to a local cafe and I got a latte and I bought my daughter a hot chocolate.  Then for the next hour, we drank our drinks while she read a book that she brought and I worked on the computer (or is it played on the computer?).  Ever now and then we would stop what we were doing and talk a bit.  It was very enjoyable and most likely a tradition that we will continue until my daughter goes off to college someday (let me tell you…, I’m in no hurry for that to happen).

After driving home and the shower that my daughter took (because of soccer), my wife tucked her in bed, then I visited for 5 minutes talking about how much fun we had.  I was one of those rare, great days, that didn’t cost a lot, but we got a lot of value out of it.

I hope I remember this day forever, and if not, at least I have it saved in this blog post!

MR

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