Archive for June, 2008

Buying Used is Far Better for Everyone

Friday, June 27th, 2008

The more things we keep producing the more we keep escaluting the amount we hurt our environment and consume resources which we really don’t need to.  Though you might be one of those people that believing that if someone owned an item before you, then it’s useless.  You’ll go on buying new things, when there are so many used things available at better prices which work often as good as new.  You might believe that since something is used it has somehow been tainted by the previous owner.

The Material Fantasy World

Whenever we take a walk in the local shopping center we are told, buy, buy, buy, it’s on sale!  We need to have the latest, the greatest, it will simply make our lives better. But, how many times did buying the lastest and greatest really improve your life?  I remember how great the Wii was when we first got it… But what happens after a week or two?  It gets old.  It might even become another collection to the already growing basement of stuff that collects.

Give your treasures away

Rather than hording the goods, why not give them out, for free maybe?   Sure we’ve bought stuff, it seemed fun, then we got tired of it.  Instead of offering your goods to the garbage gods, why not make an offering to the free board on craigslist?

Another negative to buying lots of new stuff and giving into the it’s new so its better mentality is our garbage waste pileups.  The more we can reuse what we already have, the less junk that keeps filling up those landfills…

conclusion… Buying Used is Far Better for Everyone

A perfect fitting saying “one man’s trash is another man’s treasure”.

How to stay focused (when blogging)?

Thursday, June 26th, 2008

When I’m blogging I find it hard to stay focused.  I’ll watch a YouTube video, then I’ll get sucked into an article on yahoo, then I’ll check my rss feeds and find something interested.  With so much information isn’t it hard to stay focused?

How I stay focused:

1. Rather than check out all the interesting articles and YouTube videos I want to watch right now, I’ll bookmark the links for later.

2. I write a list of everything I need to do for the day.  The list helps me keep on focus to what I needed to do today, rather than focusing on what I didn’t need to do.

3. I turn off any distractions such as tv, an open door, but I leave the music on.  Often I found music less of a distraction since its not something I have to focus on, but a radio station like NPR (talk radio) will often be more distracting since you actually have to focus in on what your staying.  Often you’ll find yourself focusing in one what they say on the radio and not your own projects.

4. Avoiding email.  Email is a great way to waste time.  As I’ve written time and time again, designate email checking to twice a day.  Before your work and perhaps after, but never in between.

My Plan for Ultimate Retirement

Wednesday, June 25th, 2008

Many would think that retirement comes after working hard for some twenty odd years, saving up a pension then living off a half million dollars until you die. But does your retirement have to come at an old age, or can you start developing your own way to retire early?

My plan for the Ultimate Retirement is simple, setup a system that requires the least amount of effort for the most profit.  Ok, so this sounds hard to do, but is it?

Creating a Passive Income

Passive income can be defined as earning an income passively even though you aren’t doing any work.  Consider blogging, even if I don’t write a single post tomorrow I will still over a hundred dollars just from traffic to my old posts.  Each post I write continues to earn me profit well after I’ve written them.

A passive income could come from the stock market from dividends you earn. Song writers earn money each time their song is played, or book writers continue to earn money as their book is sold.

Creating Your Own Job

Like most startups would agree, the object is to: Profit with the least amount of effort possible. Less customers, less offices, less employees, whatever it takes to get more profit.  With a website, sometimes a blog with 5,000 subscribers is better than a blog with 15,000.  If one blog can earn more per person that’s overall going to be better than a blog with more traffic and more subscribers.  Why?  It takes less effort to make more profit.

A few of my blogs, I write a couple of posts a week and earn more than a site such as clickfornick.com.

How This Ties Into Retirement

The goal is to setup a system where it takes so little effort, that you can work literally 4 hours a week and have more than enough money to live on. After starting your own business, you find ways to literally get your business to run yourself.  For me, that would require hiring writers to write all my posts for me.  The only work I would have left is management, make sure things are done.  I could pay someone to do that too.

My Plan for Ultimate Retirement

So how does this tie into my plan for ultimate retirement?   The more income sources I generate i.e. blogs that earn money, the closer I come to earning money with the least amount of effort.  Is that everyone’s goal? Be lazy on the beach and still have money coming in?

The Blogging Demographics for the USA

Tuesday, June 24th, 2008

Did you ever wonder what the demographics for blogging looks like, particularly for the USA?  If you are a blogger, you most likely a higher than average income for a slightly more than average average.

According to a BIGresearch study:

  • 37.6 years old,
  • has USD 55,819 average yearly income (which is higher than the real median household income as in 2002 which was $42,409),
  • has an above the average education with an average of 14.3 years of education (average of the entire population is 12 years).

The ethnicity of US bloggers: 69.7% white, 20% Hispanic, 12.2% African-American and 3.7% Asian.

Who reads your blogs?

Deloitte & Touche found that the younger the user, the more likely he or she was to read or keep a blog on a weekly basis. 35% of people aged 13-24, 25% of people aged 25-41 and 19% of people above 61 keep a blog. Baby boomers (aged 42-60) have the least time or will to keep a blog: they represent only 7% of the blog owners. (Click on image below to enlarge.)