Archive for December, 2006

Setting lofty goals for 2007

I ended 2006 with some good returns on my latest stock picks. I had mentioned selling Google (GOOG) when I was up over 21% and I sold Goldman Sachs (GS) today being up just over 18%. My plans for the new year are to make at least 10% per quarter on both of my accounts.

Yep I said per quarter, which means that if I make my goal I should get a 46% or so return for the whole year. Definitely aggressive, but I’m dedicated to achieving it and sticking with it. Even if I only do half as good as my goal, I would still beat the market by quite a healthy margin, and that I like.

The downside is that I really won’t be able to fund these accounts this year. My main account is an IRA and I’m already putting in as much as I can afford on my 401(k). If it weren’t for the employer matching I wouldn’t bother with it, but you can’t beat the built in 50% gain on your money, as long as it doesn’t lose any money that is. I’m not as hurray about the tax savings as I have the potential to make more than the savings by doing my own investing, but hey it doesn’t hurt.

We are also setting lofty goals for reducing our debt and increasing our savings. If all goes well we will have all of our credit cards paid off and have our first goal for an emergency fund achieved this year.

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Z-Listing gone wild

Thanks to startupspark.com I found out about the Z-List Meme going around, also found here.

Just copy and past the links below, add a few, and pass it along. Help out the non-A-listers out there!

SimpleDollar
Lost With Me
Golbguru
BinaryDollar
Creative Think
Soloride
Movie Marketing Madness
Blog Till You Drop!
Get Shouty!
One Reader at a Time
100 Bloggers
Critical Fluff
The New PR

Own Your Brand!
OTOInsights
bizandbuzz
Work, in Plain English
Buzz Canuck
New Millenium PR
Pardon My French
The Instigator Blog
AENDirect

Diva Marketing
Marketing Hipster
The Marketing Minute
Funny Business
The Frager Factor
Mindblob
OrbitNow!
Open The Dialogue
Word Sell

Note to CMO:
That’s Great Marketing!
Shotgun Marketing Blog
BrandSizzle
bizsolutionsplus
Customers Rock!
Being Peter Kim
Andy Nulman
Billions With Zero Knowledge

Working at Home on the Internet
MapleLeaf 2.0
Darren Barefoot
Two Hat Marketing

The Engaging Brand
The Branding Blog
CrapHammer
Drew’s Marketing Minute
Golden Practices

Viaspire
Tell Ten Friends
Flooring the Consumer
Kinetic Ideas
Unconventional Thinking
Buzzoodle
Conversation Agent
The Copywriting Maven
Hee-Haw Marketing

Scott Burkett’s Pothole on the Infobahn
Multi-Cult Classics
Logic + Emotion
Branding & Marketing
Carpe Factum
Steve’s 2 Cents
Simplicity
Popcorn n Roses

On Influence & Automation
Servant of Chaos
converstations
eSoup
Make it Great!
Presentation Zen
Dmitry Linkov
aialone

Urban Jacksonville
John Wagner
Nick Rice
CKs Blog
Design Sojourn
Frozen Puck
The Sartorialist
Small Surfaces
Africa Unchained

Perspective
gDiapers
Marketing Nirvana
Bob Sutton
¡Hola! Oi! Hi!
Shut Up and Drink the Kool-Aid!
Women, Art, Life: Weaving It All Together
Community Guy
Social Media on the fly

Jeremy Latham’s Blog
SMogger Social Media Blog
Masey.com
Home Biz Notes
Small Business Boomers
Success From The Nest
Levite Chronicles

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2007 Year of the comeback

With 2006 quickly coming to a close, I look back and feel pretty good. I started the year with a real focus to work on lowering my credit card debt which was working out quite well until we moved in the spring. It was a fairly quick move and so we had to use our credit cards to keep us going until things settled down and as you can imagine my hard work went out the window.

All is not lost however, we bought our first house when we moved which will be a huge tax advantage that I have never had before. A month or so ago my wife and I sat down and worked out our plan for the coming year which I am excited to get implemented. It is pretty aggressive, covering an emergency fund, paying off almost all of our credit cards, getting her vehicle almost all paid off and a few other things, which is why I’m calling it the year of my comeback.

I’m pretty bad about following budgets, but I think I can pull this off. It is certainly going to be an interesting year for us and I hope to learn a few things along the way to share.

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Snow in Vegas

We moved to Vegas from Kansas City earlier this year partly because my wife and I have gotten more intolerant to cold weather. So what do we see this morning? Snow on the ground! OK, it isn’t a midwest style snow, just a nice dusting that probably won’t last the day, but it wasn’t something that we were expecting. Oh well.

On a lighter side, the snow on the mountains is pretty nice. If you haven’t been to Vegas, it is in valley so obviously we are surrounded by mountains. Some have vegetation on them but most are open rock. Seeing them with a light snow looks pretty cool. Not a snow covered peak like Mt. St. Helens, Mt Hood, etc. but nice covering. Oh yea, and seeing now covered palm trees is pretty cool too, something you never think of when you think about palm trees. If the snow does happen to stay around tomorrow we’ll have to get picture of some of them.

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Making a go out of our budget

A few weeks ago my wife and I sat down and made a nice simple budget for 2007. Usually I pretty much stay away from budgets. I just can’t stand them! It isn’t so much that I want to spend everything that I have, it is more about keeping to it. The ironic thing is that I tend to be a numbers guy, I like to watch my stocks, I want to know pricing on building this or that product, yada yada yada, except when it comes to a budget.

Perhaps it is because with a budget it is money going out, not coming in. Whatever the reason, I am definitely going to try to stick to this one. We have set certain goals for this coming year on several things, as well as targeting a 2 year plan. The usual things are there, like paying off credit cards and building an emergency fund, that we plan to accomplish in 2007. While we are certainly going to be aggressive in our execution I plan to take my own advise and not work so hard on the budget as to forget about ourselves.

Some of the money that we are budgeting will towards things that we really want to do, such as home improvements. Nothing large, but rather small things here and there more to please ourself than to increase the value of the house (although hopefully they will!).

We would have started sooner, but Christmas is not a good time to completely rearrange everything, at least not for us. So, come January we will be putting our plan into motion and hopefully by February we will be on our way.

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How to fight with your wife and stay married

Naturally the first response is “Don’t!”. But we all live in the real world most of the time don’t we? For married couples, ‘disagreements’ are just part of being married. An interesting article on MSN has some insights on fighting and still staying married. Some highlights include:

Don’t Escalate

Most fights start out as relatively small and simple matters, but being human we start to get louder and more angry and that is when it all escalates.

The solution, the experts say, is what they call “active listening”.

… in which partners take turns talking and paraphrasing what the other is telling them (”What I hear you saying is . . .”)

I have to agree with them in that it can make you sound pretty dorky, however it is almost as funny (if you were so angry at the moment) to hear the response. On occasion I have tried this technique with my wife and sometimes I can repeat exactly what she said back to her and she will tell me that isn’t what she said or meant. After a couple rounds of trying to figure out what she meant sometimes we drop the whole thing out of frustration of trying to figure out what the hell we are trying to say. Later we sometimes laugh about it.

Don’t Invalidate

I’m guilty of this one it seems. However to my credit (and it is my blog so I get some credit…) I have tried this technique myself. OK, sometimes I do sound sarcastic and on occasion I have meant it that way, but they said it best

Just be sure to sound sincere, not sarcastic. If you can do this, it’s like holding up a mirror, which is gentler, and far more effective than saying, “Look in the mirror, bitch.”

Let Us Not Accuse The Other Of Memory Loss

When it really gets going, the memory book comes out. The idea is not get into the “Before you said blah blah blah”. I don’t know if I like their suggestion here:

Instead, say this: “I’m not sure what I said. What I meant was. . . .”

That just leaves you open for attacks of being called a lier. But hey, they are the experts…

Tell Her What You Are Thinking

Not in the “go jump in a lake” manner, but in the sense of don’t let her try to read your mind, just say that her mother has overstayed her visit or whatever (I happen to like my mother-in-law though :-)).

And the best advice is…

Don’t Put A Sock In It

Yes we know you have thought about doing it literally, but you shouldn’t do it figuratively either. In other words as men we tend to not want to talk about it while women do whether it is negative or not. Yep, this one is has my name all over it… Their suggestion:

“I don’t want to shut you out. But I hate to fight with you.” The exact words are unimportant. Just make her realize that you’re not pulling away from her (the standard rap on men). You’re just avoiding conflict. The first time you say this will be such a paradigm shift in your marriage, she’ll be more affected by your change than the wording of it. In fact, your wife may be so stunned that the fight will stop right there. Make-up sex, anyone?

I’ve tried this a few times but perhaps I haven’t gotten the right words down. Oh well, I’m working on it!

I am very lucky with my wife. We don’t fight about money — the number one topic — or sex, or really any of the marriage killers. We have our differences and get over them. Now, she has mentioned wanting to take boxing lessons, so maybe I should start working on those communication skills…

Here is the article

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Another 20 percent

Having taken a break from trading stocks for several months, I have gotten back on the wagon with really good results lately. First I made 21.83% on Google in my IRA and now I am up 21.55% in my secondary account as of this writing.

Naturally I am hoping the trend will continue, but I don’t expect to earn 20% on every stock. However, with a 20% here and there, I can afford to make some incorrect choices and still be well off. We’ll see how it goes.

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A new way to promote your blog

Startup Spark has an interview with the CEO of TheGoodBlogs about a new widget they have that cross promotes blogs across different channels.

If you don’t already see it on my blogs, you will soon!

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Been away too long

I just realized that it has been a week since I last wrote anything here. I’ve been busy working on one of my ventures and also setting up my new blog. Between those two items, holiday planning and getting ready for the new year — financial planning no less — I’ve just plain been absent.

Oh well, time to get back in the game and blogging about money again!

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