What is Lifestyle Creep?
Lifestyle creep is rampant these days, where your lifestyle spending outstrips any income increases you might be receiving. Stop keeping up with the Joneses
“Everybody’s Got Plans…”
I think this is a paraphrase or Iron Mike Tyson, but “Everybody’s got plans… until they get hit!”, which is true of all plans, really. Mr. Tyson’s opinion is very valid (and I hope he never hits me)
The Long Weekend with no Name, Defaults, and #BestFinancialForTheWeek
Welcome to August 2014, and for those in Ontario who are soon to celebrate a long weekend, I have one query, what is this weekend called? It has many names, “Colonel By Day,” “August Bank Holiday,” or “August Long Weekend” how can a glorious long weekend not have an official title?
Argentina is now officially in default, to compound the bad news for that country (given they lost the World Cup final), but what does this mean? My feeble understanding of global economics suggests some creditors will not get paid, but who loaned them the funds in the first place? China? The U.S.? Russia? Maybe it is like Canada, where the country’s citizens hold a great deal of the Government’s debt like this issue. I suspect this will not make things better in the perplexed and scary world we live in.
For those who enjoyed Tom Clancy’s writings, the Ebola epidemic (not the correct phrase I know (the book I am referencing is Executive Orders)) in Africa lends itself to some interesting discussion points. The U.S. doesn’t comprehend how close they were to having someone infected with this disease from landing on their soil (an American Doctor has succumbed to the disease, but he was only diagnosed (i.e. he collapsed) while leaving one plane to then get on a plane destined for the U.S.. Let us hope the SARS protocols are put in place. The Canadian immigration folks will help if this outbreak turns into a more global problem.
For those not following me on Twitter, you have missed one of my favourite quotes from Gail Vaz-Oxlade, and it was aimed at me. We were discussing retirement and such and her final response to me was:
@bigcajunman luckily, you die; I live a long unhealthy life as a woman
This is in response to me whining about not having enough money to retire with, so I guess I should stop saving? No, she didn’t mean that, but it was fun to rib her about it.
My Writings for Week Ending August 1st
I had a drier writing week, with only two pieces. I have written or started about six ideas, but none of them were worth publishing yet (that means I have about 160 titles and ideas still to finish off).
- Financial Anarchy Day is another one of my many rants about the media and retailers attempts to make us go nuts and yell “FESTIVAL!!!” and spend like crazy people (Star Trek reference, for those who are unsure). I am not saying you should go watch the movie mentioned though, it is more of a Metaphor than a Recommendation.
- Sometimes I get fed up with the “Make Money on the Market Using This Fool Proof Technique” e-mails that clog my inbox, so I figured I’d write the most outrageous Stock Picking Idea I could, and then someone points out in the comments there is one even more outlandish one out there, wow.
- I did find in my archives one of my favorite phrases “Don’t Mistake Activity for Achievement” (a quote from John Wooden), just because you think you are working hard, doesn’t mean you are achieving your goals.
Fool Proof Market Timing System
Market timing concepts and heuristics can make you a basket of money (or lose the family farm), but this one is the real thing. It works as well as most other ferkakten system.
Financial Anarchy Day?
Just because stores have been closed for a while, Financial Anarchy Day is not the first day they open up again.
