Dec 13 2011

Race to $1 Million – December Update

By |December 13th, 2011|Blog, Life|14 Comments|

I have good news and I have bad news.

The good news: I beat The Hoff this month and my net worth went up!

The bad news: I’m still almost $3,000 behind my goal of pulling within $20k in 2011.

Here’s the slightly belated scorecard for the beginning of December, 2011:

Race to $1 Million December
I love beating The Hoff in the monthly races. In fact, I’m pretty used to it, as I’ve won 8 of the 11 months of this year. Even if it’s just by $150, it’s big win for me. Eat it The Hoff!!!!!!

But I’m still behind by $23k. I wanted to close the gap to $20k this year, and with only one month left that’s probably not gonna happen.

I also know that he’s gonna spend a lot of money on a wedding next year, but he’ll also get to start including his wife’s net worth and income in these updates once the marriage is complete. I sure hope his wife isn’t rich, or this race to $1 million could end about 15 years earlier than I expected it to.

Until the marriage happens, I do have one big thing going for me that The Hoff doesn’t have: my website is starting to make a little bit of money. I’ve pulled in a little over $2,200 in blogging revenue in the second half of this year (although I have about $2,700 of blogging expenses, mostly giveaways to you guys).

In 2012, I should be able to maintain the $2,200 per six months, and potentially even increase that amount if I work harder at generating income, or just get a lot more followers and make the ads space more valuable. I think I can realistically make something like $5,000 in profit next year from this little hobby of mine. Not too shabby!

The point is, I have two income sources and The Hoff only has one right now. So at least until he ties the knot, I should be able to continue my trend of beating the crap out of him every month.

A few more things about my net worth:

My Student Loan Keeps Double Charging Me

One of my student loans that I really hate has been double charging me for the last three months. Maybe they are reading my blog and think they are getting revenge on me by making me pay an extra $111 every month. Honestly, I don’t care. It just helps me pay it down faster. I’m not gonna call and have them fix it: I’ll just pay extra and get it paid off sooner.

I Need a Hot Stock Tip

Another place I could pull away from The Hoff is in the stock market. When 2012 rolls around, I’m going to have to start picking investments for my Roth IRA again. If any one of you out there has a hot stock tip, post it in the comments below. Maybe you’ll convince me that you picked the right company, and we can be investment buddies!

The Rest of the Story

Here’s the rest of my net worth story this month. The only big change is the addition of physical assets. This is the first time I’ve had any physical assets, which I’m holding in the form of junk silver. Yay for being prepared for the end of civilization!

november net worth

click for full screen

Dec 12 2011

College Kids Need Skills, Not Good Grades

By |December 12th, 2011|Blog, Economics / Politics|25 Comments|

Saturday was the first day of my Ultimate league. For those that aren’t familiar, Ultimate is a sport very similar to football but played with discs (don’t call them Frisbees; Ultimate folks don’t like to be associated with Wham-O and vice versa).

ultimate frisbee trick

photo credit: flickr.com/freestyle-frisbee/

It’s a bunch of strangers coming together and playing a fun game for 4 hours every Saturday throughout the winter. My favorite thing about the game is being able to meet a bunch of brand new people.

One of the people on the team is a freshman in college. I asked him about his school and he told me that he’s majoring in Electrical Engineering. He seemed to be pretty happy with the choice, but did mention the fact that it’s difficult. While he’s studying, the kids in the business school are out partying six nights a week.

This is where I jumped in with my unsolicited advice as the wise old soul. Sure, I’m pretty far away from being old and almost certainly farther away from being wise, but this is the best I’ve got.

Skills are More Important than GPA

College kids should be a lot more worried about learning skills in college than they should be about a high GPA. Anyone can get a high GPA when you don’t actually have to learn anything to pass the courses.

Sorry general business majors, but that’s just one of the eight points in this article about why you shouldn’t major in Business.

You can learn business when you work in business. In fact, the only place to really learn business is to get a job. Every company operates differently, so how is some college course supposed to teach you “business”? It doesn’t even make sense.

Reading about how business works in a textbook is not a marketable skill, and it will never get you a job. Sorry.

On the other hand, a student can use his or her time in college to learn how to do accounting for a business. Maybe the student learns to write a computer program a business can sell. If you study something more specific, like business intelligence rather than just general business, you can learn to handle massive amounts of company data, a skill of increasing importance in the ever-advancing digital age. Visit this link for more information about getting a masters in business intelligence.Perhaps the student learns to design for a new plant that would make a business spend less money and produce more product.

These are all skills. And they are all very valuable skills that businesses need.

Take a look at the highest paying college degrees and see if you can figure out how many of those degree programs teach a valuable skill. If you don’t feel like clicking the link, here’s a spoiler: “Business Administration” didn’t make the list.

You might also notice that the list didn’t mention GPA. Because in the real world, your GPA doesn’t matter. The only time a college GPA will be on a resume is for a student’s first job out of college. After that, the GPA is gone and it’s all about what degree you have, what skills you have, and how you’ve applied that knowledge to the workforce.

So if you are a kid in college, get yourself a skill. Or maybe two or three. You don’t need a business degree. Heck, you don’t even need a business minor. Spend four years learning a skill that makes you incredibly valuable.

While your friends are pulling down 3.8 GPAs in their business schools, you can smile knowing that you’ll be making $38k/year more than them when you graduate with real skills to go along with your degree.

Dec 11 2011

Thousandaire Site Update – 12/11/11

By |December 11th, 2011|Blog|1 Comment|

I’m back from vacation!

That should be a good enough update for you. I can’t wait to get back into writing these posts and connecting with my readers.

The only other thing I have to update is that I’m almost certainly going to be making a new website at some point in the near future. I have two ideas in mind, but I’m leaning towards one of them. I’m not going to give up any more information about it just yet, but look for it to launch early next year.

Oh yeah, and I’ll be on vacation a lot over the Christmas/New Years time frame, so I won’t be posting a whole lot. I also owe you guys a music video… Let’s just see what happens okay? December is a busy month for family and friends and stuff.

Plus I’m doing a lot of singing at church with the Christmas Concert and Sunday mass (I’m cantoring next week for the first time ever!). I’m gonna work on fitting a Thousandaire video in soon. Stay tuned.

So, um… yeah. I’m back! Woot.

Carnivals This Week

Yakezie Carnival at 20′s Finances
Totally Money at Faith and Finance
Carnival of Wealth at Control Your Cash
Personal Finance Whiz Carnival at Personal Finance Whiz

Dec 7 2011

Thousandaire Countdown #1 – Haven’t Made a Budget

By |December 7th, 2011|Blog, Life|5 Comments|

I’m taking a vacation from blogging for the first 10 days of December. But because I love you guys, I want to give you something to do while I’m gone. Welcome to the Thousandaire Music Video Countdown!

I’m giving you the top five best Thousandaire songs, according to me. Make sure to come back every day and find out where you favorite song falls in the list.

1. Haven’t Made a Budget

Haven't Made a Budget Wins

There is a very special place in my heart for this video. It is the first music video I’ve ever made. I edited all the parts together on a free trial of Sony Vegas; the first experience of my life with a video editor. I sung the song 8,273 times to get it right because I hadn’t REALLY sung anything for about 7 years. Plus there’s a super hot girl in it.

Yep, this is where it all started. This video was the beginning of this blog. I had an idea that I could combine personal finance, music, humor, and videos into one and make something awesome.

And it was awesome.

Correction.

It IS awesome!

A few things I like about my most awesomest favoritest video are:

  • The hot girl getting excited outside my apartment after the date. Cutest thing ever!
  • I got to drive a Corvette!
  • The message that smart, pretty girls are attracted to financially responsible men. It’s oh-so-true.
  • I get the girl. “nuff said.
So without further adieu, I give you Haven’t Made a Budget.
  • Get a free download of the MP3 here
  • Subscribe to my Youtube channel for more songs here

P.S. As a reminder, I’m on a blogging vacation through the end of the week. While I’m gone, tell me your favorite Thousandaire song in the comments below.

Dec 6 2011

Thousandaire Countdown #2 – HTPC Rap

By |December 6th, 2011|Blog, Life|3 Comments|

I’m taking a vacation from blogging for the first 10 days of December. But because I love you guys, I want to give you something to do while I’m gone. Welcome to the Thousandaire Music Video Countdown!

I’m giving you the top five best Thousandaire songs, according to me. Make sure to come back every day and find out where you favorite song falls in the list.

2. Home Theater PC Rap

HTPC Rap

Earlier this year there was a video contest on Get Rich Slowly. I submitted my HTPC Rap into the “Personal Finance Tip” category. I won. $500 grand prize!!!!!

This quick little 2-minute video gives all the reasons why you should drop your cable bill and still be able to watch TV. Unless you are someone who watches TV all the time and has two or three shows every night, you can probably save money with an HTPC (or hooking up your laptop to your TV, or having an internet enabled TV).

The best thing about this song has to be the tune. The Fresh Prince of Bel-Air has to be one of the greatest theme songs of all time, and while my rapping doesn’t necessarily do it justice, it’s still a lot of fun.

A few things I like about my most lucrative video are:

  • The outfit alone makes this worth of a #2 ranking. The early 90′s rocked!
  • I’m a bad enough singer. My rapping is just hilariously bad
  • This is applicable to anyone with cable. Every day the internet and computers make cable and their outrageous bills more obsolete.
  • Did I mention I won $500 with this song?!
So without further adieu, I give you The HTPC Rap.
  • Get a free download of the MP3 here
  • Subscribe to my Youtube channel for more songs here

Dec 5 2011

Thousandaire Countdown #3 – Get a Prenup

By |December 5th, 2011|Blog, Life|Comments Off|

I’m taking a vacation from blogging for the first 10 days of December. But because I love you guys, I want to give you something to do while I’m gone. Welcome to the Thousandaire Music Video Countdown!

I’m giving you the top five best Thousandaire songs, according to me. Make sure to come back every day and find out where you favorite song falls in the list.

3. Get a Prenup

thousandaire countdown #3

Now we’re really getting into the good stuff. The first two songs on the list are fun and personal favorites of mine, but they really pale in comparison to the top three in my opinion. And the third on the list is my most recent: Get a Prenup.

When my friend and occasional guest writer The Hoff got engaged, I knew he could use some premarital advice. What better advice could I give than make sure he doesn’t go broke if she leaves him? Although…

Now that I think about it, I’m racing The Hoff to $1 million in net worth. If he gets married and then divorced and his ex-wife takes half his money, I’m a shoe in to win the race. So never mind buddy, don’t worry about a prenup!

A few things I like about my most recent video are:

  • This is without question the best audio quality of any song I’ve done. I’ve gotten a little better and singing over the last year, and autotune does the rest!
  • I dressed up like a girl.
  • It looks like I actually know what I’m doing with the video editor when I’m in two places at once.
  • The song is funny to everyone. You don’t have to be a financially savvy person to understand prenups.
So without further adieu, I give you Get a Prenup.
  • Get a free download of the MP3 here
  • Subscribe to my Youtube channel for more songs here