Category Archives for "Multiply"

Money Hacks Is Featured in 80 How-To Sites Worth Bookmarking

Welcome Stepcase Lifehack readers! I’m flattered that Money Hacks has been featured as one of 80 How-To Sites Worth Bookmarking; in fact, it was in the top 10 for “Hack Your Wallet and What’s In It” — amongst such esteemed sites as

and — GET THIS —

Wow, I’m terribly flattered to be included in the same breath as any one of these sites!

This is an excellent list, too, not just because my humble site is mentioned, but because it’s chock-full of great sites about all sorts of topics.

It may behoove you to open every single one of the 80 links and not only bookmark them, but add their RSS feeds to whatever feedreader you use (check out Google Reader, a free Google product).

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Books I Am Reading

BooksI thought I’d tell you the books I’m reading. What people read tells you a lot about them: Their preferences, interests, hobbies, fantasies.

I tend to read several books at a time. This keeps me interested but it can confuse me 🙂

One book I’m reading now is Thomas Friedman’s Longitudes and Attitudes. It’s a book that chronicles the events leading up to 9/11 and Iraq. But it’s not just about politics and war. It’s about the globalization (read: economics) that has occurred since the Cold War ended and how it has affected the global playing field. Rather than nation-states dictating how the world works, it’s more about how the web created by globalization has empowered individuals and large markets.

Friedman sure knows how to turn a phrase. He’s very good at getting complex points across. I’ve watched him on TV and enjoy him. This is my first read of any of his books.

Another book I’m reading, kind of peacemeal, is The Tom Peters Seminar, which is Peter’s attempt at capturing the content, flavor, and enthusiasm of one of his seminars. There’s a whole lot of information to chew on here. This book is a little long in the tooth, though, having been written in 1994. Some of the companies he highlights for revolutionary change didn’t make out so well in the 2000s.

Nevertheless, the gist of the book, if I had to boil it down into one phrase or sentence, is that the new economy is about YOU, Inc. Become used to having multiple jobs and no security. Become an expert and become a free agent.

Finally, the third book I’m reading right now is not really a book, in that it’s a guide on the web, called The Action Guide. It’s about building a business on the web. I’m using it to build two new sites (in very early development) that I hope to publish this year. The idea behind the Action Guide is that each step of the business you’re building is broken into easily-digestible and actionable chunks. During each step, you build upon what you learned in the previous chunks.

I want to build valuable web properties (hopefully, this is one of them!) and I think this process will help me get there. Take a look at the testimonials. They are what ultimately sold me.

What’s to come? Well, I like re-reading books I’ve read. It’s fun to compare what the author thought might happen with reality. So I think I may re-read The Only Investment Guide You’ll Ever Need by Andrew Tobias and Jim Cramer’s Mad Money for Life.

I’ve mentioned that I’d review those books in the near-future. As sometimes happens in life, the near-future is turning into “next year.” One day, I’ll get to these reviews.

I don’t want to be like the rest of the Personal Finance bloggers who do reviews — they do an excellent job and they (and you!) know who they are. I want to bring my particular viewpoints and opinions to the discussion; I just haven’t made the time to do it yet.

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Lenny Dykstra: Hard As Nails on Field and Off

Lenny DykstraWhen I was a kid, Lenny Dykstra was a baseball phenom. Small, but he could hit like hell and he fielded with reckless abandon. I liked him a lot. Always with that big ole cheek full of chewing tobacco, he epitomized the over-achiever. Turns out, he’s great in business, too.

Brash. Opinionated. Smart. Caring. Those are the words that came to mind when I read this story: The Sporting Scene: Nails Never Fails: Reporting & Essays: The New Yorker.

He’s now trying to give back. His biggest endeavor at the moment is creating the Players Club magazine. In it, he hopes to guide athletes down the path of continued riches, rather than down the path many of them seem to take, like Evander Holyfield and Mike Tyson.

Even giving back, Dykstra is abrasive. But it works. Tough love? You be the judge. Speaking of pro athletes:

“You’ve got the ten per cent who are going to find their way no matter what,” Dykstra said of the athlete population. “And you get the ten per cent that are f—heads no matter what—we’ll paste an ‘L’ to ’em.” The rest need guidance, and Dykstra, who will write a regular column called “The Game of Life,” is prepared to give it. “This will be the world’s best magazine,” he said.

Give ’em hell, Lenny!

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Kids and Money: Best Posts, 5 of 7 Wills

KCLau wrote a post about wills that I thought I’d bring to your attention. I must admit, writing wills for both my wife and I has been on our list for about 3 years now. We started thinking about it before our first child was born.

Not taking the time to write our wills is more about denial (I will never die, nor will my wife, which is a ridiculous thing to think because we all die, one day, usually sooner than we want) than about time getting the best of us.

So this article actually has triggered something in me that is compelling me to really take on the task of writing our wills.

Now that we have two young children at home, it’s more important now than ever to do this.

Here is the gist of the exercise:

Write a will for both my wife and me. List all our assets and how they are to be disbursed upon my or her death, or both.

We also need to determine who will care for our kids (we have). One of the keys here is to talk with the lucky future (potential) guardians and let them say “No,” if they’re so inclined. After all, taking on children that aren’t yours at a moment’s notice, for the rest of time, is a daunting, scary task.

For many folks, writing a will is fairly easy: We don’t have lot of complex assets like real estate or partnerships and most of our assets, if not all, are in joint tenancy. There’s software that will facilitate the endeavor, too. Quicken’s WillMaker comes immediately to mind.

You’ll have to get it notarized. Make sure you store it in at least three places. For example, one at home, one in the safe deposit box, and perhaps one with your nearest relative that doesn’t live with you.

KCLau‘s post had an interesting illustration (to the left) that showed when a person ought to reconsider re-writing his or her will. This is a very good list to keep in mind as your life goes on. It’s important to update your will whenever something changes materially that affects your property or beneficiaries.

Read KCLau‘s post for the full story ([Rockwills] Professional Will Writing Service: When Should You Rewrite Your Will? | Personal Finance Money Tips).

Thanks for piquing my interest in this crucial topic!

Look for a future post about estate planning that I’ll be writing in the near future.

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7 Millionaires in 7 Years!

7 Million in 7 Years
My blogging friend AJC, who authors the blog 7 Million in 7 Years, started a new site, called 7m7y, where he is going to share his extensive business knowledge and mentor 7 millionaires in the making for 7 years!

I don’t know how he’s going to do it, but he’s serious. And he seriously knows what he’s doing. He went from $30,000 in debt to $7 million in 7 years (hence, the name).

The result: I made 7 million in 7 years™ … and, I started out broke (actually, worse, with a failed business and owing $30,000!). Now, plenty of people have made (and then write books about) “how I saved myself to $1 Million”, “How I made $5 Million trading shares (OR insert the method of choice: buying property, OR starting an online business, OR ….]”. They can tell you how THEY (maybe) made millions and skim a few bucks from you for their “secret system”.

The difference is that I made millions in businesses (yes, a number), properties (some large, some small), joint ventures (a few), and in a few other ways, as well … I’ve saved and skimped my way to a fortune, but, I’ve also spent my way to a bigger fortune … I’ve been in good debt and bad debt. I’ve tried it all, done it all (OK, not all, but far more than most).

What I finally realized, after years of trial and error (more like trial and tribulation) is that there is a system to making money; most of the pieces are known, but have never been fully detailed and shared with the world … before.

Adrian is for real. And this is the real deal. Check out both of his sites and tell me you’re not inspired.

Here’s what the sister site, 7m7y is going to do:

Here, you will meet our 7 Millionaires in Training (MITs), and you will be able to follow along as they chronicle their own path/s to wealth. You will hear their stories and their problems, and – if you like – you will have the opportunity to offer your own advice (and, perhaps ask your own questions) along with AJC.

Best of luck to the 7 lucky Millionaires in Training!! I will follow along and see what I can learn. Will you join me?