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My First Year in Review

Birthday Cake
Photo by Theresa Thompson

I can’t believe that the Corporate Barbarian Blog is a year old today!  Boy, I’ve sure learned a lot in the past year.  Last February, I was a blogging noob, and now, while I can’t say that I’m a seasoned veteran, at least I’m less of a noob.  Here’s a selection of my favorite posts from my first year.  I hope that you enjoy reading them as much as I enjoyed writing them.

February 2009

A Foolproof File Naming System - My OCD-tinged attempt at restoring order to my computer’s hard drive.

March 2009

Standing on the Shoulders of Giants - Where I give props to Ed, the macro master.

April 2009

Low Budget - Check out the attached Excel file and master your budget!

May 2009

How to Avoid Getting Laid Off - Having worked in the defense industry and seeing my share of layoffs, I share my survival tips.

June 2009

Toughness is a Virtue - A sentimental visit with tough guys like Concrete Charlie and my old man.

July 2009

Good Enough, or The Duct Tape Chronicles - More on my father, a duct tape virtuoso.

August 2009

Self-Reliance Series 1 - A Personal Survival Kit (PSK) - This is Part 1 of my self-reliance series.  Be sure to check out the other parts, especially if you never heard of a PSK before.

September 2009

How Ugly are Your Coworkers? - I dare you to take a look around at your fellow corporate creatures.

October 2009

Seek Discomfort - No pain, no gain is the message.  Always try something new (and difficult).  It’ll help you grow.

November 2009

Take the Fork in the Road - If you have the time, take this novel approach - do it both ways!  I never said that I was conventional.

December 2009

How My OCD Keeps Me Grounded at Work

- Just like the title says.  Read on about my little rituals.

January 2010

Are You on “Lombardi Time”? - You had to be doing something right to get the Super Bowl trophy named in your honor.  It’s all about preparation and respect for others.

I’m especially excited that now I can have features like “A Year Ago on The Corporate Barbarian”, and act like I’ve been doing this for a long time.  A big Thank You to everyone who’s taken the time to read my posts, especially those who’ve subscribed via email or an RSS reader.  Stay tuned for more of my belligerent ramblings.

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Corporate Barbarian Links: Corporate Re-Org Edition

puzzle pieces
tcp909

My company is going through yet another reorganization in order to “rightsize” and position itself better in the marketplace.  Can layoffs be far behind?  Well, I don’t worry about layoffs, as I ‘ve alluded to in the past.  On a cheerier note, here are some good posts that I’ve read this week:

Jared at Technotheory shows us how he empties his inbox fast by learning from Google.  I think my foolproof file-naming system would work well with his approach.

Jonathan at Awake at the Wheel discusses the benefits of big hairy audacious goalsetting.  I’m more inclined to use the “baby steps” method, which allows me to break down large goals into small increments.

Jim at Bargaineering asks: What is your dream job?  Mine was always centerfield for the Yankees, but I just don’t have the wheels for it anymore. ;-)

Steve at Brip Blap believes that there is no cost to good health.  I agree.  Most people would rather take a pill after the fact than take care of themselves with a good diet and exercise.

In a guest post at Five Cent Nickel, Kevin offers some suggestions for when your job is in jeopardy.  Actually, these are good suggestions for even when your job is not in jeopardy.

Free Money Finance asks: Do you dread Mondays?  I’m usually pretty productive on Mondays, as I tackle my To-Do list (At least nobody can say I’m having a case of the Mondays).

Jacob at Early Retirement Extreme tells us to spend a little more for classics.  Well-made items last longer, and are cheaper in the long run than disposable junk.

Brett at The Art of Manliness gives us some motivational posters featuring George S. Patton.  I love how George C. Scott portrayed Old Blood & Guts in the movie.

Peter at Bible Money Matters wonders if schools should be required to teach personal finance classes.  I think it’s a great idea, just ask my son!

No Credit Needed talks about micro-goals and staying motivated.  I follow this thinking, and think even small progress is a positive thing.

Patrick at Cash Money Life and his wife received a special delivery from the stork.  Congratulations!

Happy reading!

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Barbaric Links: Summer’s Here Edition

Summer Is...
mfrascella

Well, the unofficial start of summer, anyway.  Hope everyone had a nice holiday.  The weather in my neck of the woods was great.  They sure messed up the forecast.  Here are some of the best posts that I read this past week:

Brett at The Art of Manliness highlighted some motivational posters featuring Theodore Roosevelt;

WC Porter at Wise Bread asks: Are you a hammer or a Swiss Army Knife?;

Brad Isaac at Persistence Unlimited gives us lifestyle changes that stick;

Kevin at No Debt Plan created a stop doing list;

Pat at Smart Passive Income wants us to try virtual assistants;

Scott H. Young tells us not to burn our ships;

Steve at Brip Blap bids farewell to New Jersey;

Congratulations to David as The Good Human turned 3 years old last week;

David also tells us how he lives simply at his other blog, Simple.Organized.Life;

Mr. TML at Tough Money Love warns us not to let this financial crisis go to waste;

Five Cent Nickel tells us that stocks are for losers;

Blunt Money tells us that the universe will conspire to achieve what we want;

Jacob at Early Retirement Extreme tells us that the wealthy shall inherit the Earth;

Free Money Finance says that the poor economy is having little impact on him;

Mark Shead at Productivity 501 shows us that doing something new raises your IQ.

Well, this week in the States, Tuesday is like Monday, so if you’re an optimist, it’s a short work week.  Or, if you’re a pessimist, you have 20% less time to get your work done.  If you’re a realist like me, just hang in there,  Friday’s coming.

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Recession Pricing: Take Me Out to the Ballgame on the Cheap

The Law of Supply and Demand is alive and well, at least when it comes to baseball tickets.  Demand for tickets is down, so prices have fallen as much as 60%.  Even ticket resellers at StubHub.com and TicketsNow.com have seen decreases of 15% - 20% on ticket prices.  Ticket holders have struggled to get just a bit more than face value.  Here’s a chart showing the savings from this Yahoo Finance article:

Major League Discounts (tickets were available at the time of publication)
Sport Match Location Date Seats Price* Face Value
Baseball Los Angeles Angels vs.
Tampa Bay Rays
Tropicana Field,
St. Petersburg, Fla.
Tuesday,
June 9
at 7:08 p.m.
Section 109,
Row PP
$13 $49
Baseball San Francisco Giants vs.
Arizona Diamondbacks
Chase Field,
Phoenix, Ariz.
Tuesday,
June 9
at 6:40 p.m.
Baseline Box -
Third Base
Reserve 130,
Row 37
22 34
Baseball Washington Nationals vs.
New York Mets
Citi Field,
Flushing, N.Y.
Monday,
May 25
at 7:10 p.m.
Metropolitan
Box seats
39 90
Baseball Los Angeles Dodgers vs.
Chicago Cubs
Wrigley Field,
Chicago, Ill.
Sunday,
May 31
at 7:05 p.m.
Baseline Box 128,
Row 8
69 75
Baseball Philadelphia Phillies vs.
New York Yankees
Yankee Stadium,
Bronx, N.Y.
Sunday,
May 24
at 1:05 p.m.
Field Dugout 118,
Row 25
215 375

The problem for me: it’s a year too late.  I took my family to old Yankee Stadium last summer for the final season.  Just about every reasonably-priced ticket was unavailable from the Yankees official ticket site, so they referred me to StubHub.  The Law of Supply and Demand was at play last summer, too, and because EVERYONE had the same idea that I had, I wound up paying through the nose for bleacher seats.

Obviously, I couldn’t wait until this year, because the old stadium has been mothballed, and the Yanks are playing across the street at The House That Greed Built.  If you’ve been able to watch any of their home games, you can see a lot of empty seats.  The team has been forced to re-think its pricing strategy, as the front rows look as empty as when Jerry Kenney and Celerino Sanchez were patrolling the infield.

I’m sure when the economy turns around, the expensive seats will be scooped up by corporations and trust-fund kids.  But until then, it’s a golden opportunity to go bargain hunting, and see a ballgame at a discount.

Another option is taking in a minor league game.  Passive Family Income lists this as a cheap summer vacation idea.  I love going to the local minor league ballpark.  It’s close to home, and the parking is free.

But make sure you bring enough cash to the ballpark.  I’m sure that they haven’t cut prices on beer and hot dogs.

What’s your favorite team?  Have you gone to any games this year, and did you pay less than last year?

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Barbaric Links, New “About” Page Edition

Passive Family Income had this recent post about the types of posts he hates to write.  His dilemma was similar to mine, as I struggle with writing about really personal things.  Like my About page.  I commented that I thought mine was pretty generic, and that I would probably go back and revise it.  Well, that day has come.  Check out my new and improved About page, and then come back to this post and let me know what you think in the comments.

Now, on to some posts that are WAY better than the drivel I produce:

David at My Two Dollars reminds us to live today while planning for the future;

Matt has a guest post at Five Cent Nickel that asks: Is personal responsibility dead?;

Clever Dude tells us the only failure is failing to learn;

Peter at Bible Money Matters reminds us that hard times make us stronger;

Jacob at Early Retirement Extreme asks: which 5 blogs do you read?;

Steve at Brip Blap talks about making money with credit cards;

Five Cent Nickel debates whether paying off your mortgage early is better than investing;

Lazy Man and Money shows us how to save money by turning off your TV;

Fred Lee at Wise Bread doesn’t want his boss bothering him while he’s daydreaming;

Trent at The Simple Dollar talks about health and money and the power of independent steps;

Free Money Finance shows us how to increase our salary;

and my favorite post of the week:

Tough Money Love wants to know if you feel bad for GM bondholders.

After you read these great posts, don’t forget to come back and visit!

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Paid to Stay Home from Work?

Relaxation
�eagan

How would you like to get paid to stay home from work?  If that sounds appealing, perhaps you should look into law school.  Many law firms are asking their new hires to stay home - with pay!  That’s what’s detailed in this CNNMoney article on Yahoo Finance.  Sounds like a sweet deal to me!

The article states that because of the economy, over 100 large firms have delayed the start date for a portion of their first-year associates, in some cases to 2010.  This is in contrast to the recession in the early 1990s, when offers to new hires were rescinded.

Some students have been offered hefty stipends of up to $80,000, and even full benefits in some cases.

“The firms want to keep these people and don’t want to lose them,” explained Andy Stettner, deputy director at the National Employment Law Project.

Some 10,000 jobs have been lost in the law sector this year, so this “paid vacation” might look appealing.  Not to everyone, apparently.  Many of these new lawyers are eager to start their careers in order to start paying off student loans.  The $80K may not be enough to cover the cost of living in an expensive city.  In some cases, it’s not exactly a vacation, either:

Some have a catch - that incoming associates are required to spend their deferment working at a non-profit or for one of the firm’s pro bono clients.

This gives the students the opportunity to give back to the community.  You could look at it as a greater donation of legal services by the law firms to help those less fortunate.  I wonder, can the firms get a tax break for saying the now-show money represents the value of the pro bono work?

Personally, I’ve never been paid to not work.  In fact, many companies, mine included, require you to work a certain amount of unpaid overtime.

How about you?  Have you ever been paid to stay home?

Follow me on Twitter: CorpBarbarian

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Are Layoffs Harder for Men?

The sting of layoffs can be sharper for men, according to this Yahoo Finance article from the New York Times.  If it sounds like the Times article is a little sexist, you’re probably right:

While gender roles are malleable, and many people are adjusting the boundaries, the roles that have been templates for many generations still linger, particularly when it comes to employment. Certainly, a financial provider for a family is going to see a job loss through a much different lens than a single person with no dependents, and more men are primary breadwinners.

You’d think that with a handle like Corporate Barbarian, I’d be some knuckle-dragging Luddite.  But I’ve worked with women throughout my career, and had several female bosses that were excellent managers.  A woman who’s advanced to a management position in the defense industry has paid her dues.  She’s had to endure a lot of crap to get where she is.  Women in high-ranking positions are in a small minority.  Many are the primary breadwinner in their households.  What about the wives of the newly laid off men?  They’ll have to pick up the slack for their families.  Tell THEM that men have it harder.

A therapist interviewed for the article observes:

“Everyone who has written about male psychology has acknowledged that men base their sense of self on the maxim that ‘I have worth because of what I do,’ ” Mr. Real said. The feeling is that “you are only as good as your last game or your last job,” he said.

Well, I hate to break the news to you buddy, but everybody has to stay on top of their games, especially during these tough economic times.  It’s called survival of the fittest, and it’s not limited to men only.  The article goes on to state:

In a 2002 study, two sociology professors at Wichita State University, Charles S. Koeber and David W. Wright, found that women who were laid off and went on to look for another job were re-employed less often than men in the same position. This was especially the case if the women were married, had previously held a part-time job or had worked in something other than a highly skilled, white-collar job.

The implication, Professor Koeber says, is that women have more of a burden than men to show their commitment to a job after a layoff.

“It looks like employers systematically apply some criteria to women that they don’t to men who are looking for jobs after being laid off,” Professor Koeber said.

I’ve seen the other criteria applied to women.  I thought, naively, when I came out of college, that the workplace would be an extension of my forward-thinking classroom experience.  It wasn’t.  A coworker of mine was passed over for a promotion because “She just got married.  She’ll get pregnant and leave in a year.  Then we’ll just have to train someone else for her job all over again.”  This wasn’t in 1954 either, but 1984.  I was floored.  Weren’t there laws preventing this?  Would they like their daughters to be treated like this?  Then you have this response:

“Gender has shaped the responsibilities my wife and I share,” said Mr. Anderson, 37. “I’d imagine, like a lot of men, I’m struggling with the shame aspect and the feeling that I have to go out and get another job immediately.”

Wah-wah-wahMan up, you guys! Layoffs suck, period.  I don’t want to diminish the anguish caused by layoffs with my smart-assed attitude, but to say that they’re harder for one group over another is just rationalizing.

Am I being too harsh?  Fire away in the comments.

Follow me on Twitter: CorpBarbarian

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5 Ways to Grow Your Shrinking Nest Egg

18/31 :: Robin
mary_thompson

Your 401k is looking more like a 201k.  A pension is a relic from your parents’ time.  Pretty soon, you may not even have a job to complain about.  Maybe your dreams of early retirement will have to remain only dreams.  SmartMoney recently had an article listing 5 ways to stretch your savings:

Wait a Bit

Each year that a person delays taking Social Security benefits, the value of the monthly check increases by about 8 percent.  Also, a person who retired at 66 rather than 62 could increase their retirement income from investments by as much as 40 percent!

This is probably the path that I’ll take, and not just for the financial side of it.  I actually like working, and having a reason to get up in the morning.  I can’t help it; it’s been wired into my head since I was a teenager.

Rethink the Home

Many retirees opt for a change of scenery by moving to a cheaper location.  For those staying local, selling a home and renting can sometimes cut costs, especially for those who invest the proceeds of the home sale.

This is definitely an option.  Although I plan on working in my Golden Years, that doesn’t mean that I have to live where I currently live.  I might even achieve my goal of becoming location-independent.

Ride in Style, Used

You don’t need a new car to enjoy retirement. A driver who buys a 2005 model Audi A4 sedan instead of a brand-new one, for example, chops more than $19,000 off the five-year cost of owning the vehicle; most of that comes from savings on the purchase price, but other factors help too.

While I don’t feel the need for a new car, I currently lease my vehicle.  I could certainly end this cycle when my lease is up, and buy a used car.  My commute is short, under 10 miles each way.

Tap the Right Cash

One tip: Spend money in regular IRAs before tapping Roth IRAs. Roth withdrawals aren’t taxed, so retirees can dodge that expense — and therefore take out less money each year — as they get older.  Other advisers suggest that current retirees tap their Roth savings first, so that they can take smaller withdrawals now, while the markets are down, and avoid having to sell assets at a loss.

I’m a long way from having to tap my IRAs, so I’ll need to do more research on this one.  Hopefully, I’ll have something to tap!

Postpone Some Pampering

Those who do splurge may as well get something in return: Web sites like BillShrink.com can help consumers find credit cards with rewards programs that best fit their spending habits.

We’ve really cut our spending down this year, our vacation notwithstanding.  We’re cutting more coupons than ever, and dinners in restaurants are few and far between.

All of these strategies could help you get more out of your shrinking nest egg.  What changes have you made in response to the economic crisis?

You can read the original article from SmartMoney by clicking this link: Nest Egg 2009: 5 Ways to Stretch Your Savings

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Barbaric Links: Reseeding My Lawn Edition

I spent a good part of Friday reseeding parts of my front lawn.  First, I had to dig out about a million roots from a nearby maple tree.  I’m putting my faith in Scotts EZ Seed, which is supposed to grow in any type of soil.  I’ll let you know in 3 weeks.  I know the birds loved it - I hope they left enough for the bare spots to fill in.

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This morning, my back is stiff, and my arms are sore.  The aches and pains remind me of my college days, when I used to do landscaping.  I wonder if I could create another income stream by using my green thumb…maybe after the Advil kicks in.  Here are some good reads from the past week:

Free Money Finance tells us that we can make a good side income from mowing lawns (the Advil hasn’t started working yet);

Jim at Bargaineering talks about the pressure washer he’d like to rent (an item on my list, too);

Brett at The Art of Manliness lets us in on a Case knife giveaway and asks what’s in your pockets (I always have this Leatherman multitool in my pocket);

David at The Good Human presents his Greenwash of the Week;

J.D. at Get Rich Slowly interviews a retired millionaire next door;

Free Money Finance reminds us that the little things matter for a successful interview;

Trent at The Simple Dollar lists the 10 things he wished he’d done when he was twenty;

Philip at Wise Bread wants us to reverse engineer the best time of our lives.

Have a great weekend!

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Barbaric Links: Debt Edition

I read a lot of good posts this week regarding debt.  Here are some of my favorite posts on this topic:

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Mr. Tough Money Love sheds light on a foolish financial blunder;

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