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My First Year in Review

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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Take the Fork in the Road Photo by Ed.ward "When you come to a fork in the road, take it." - Yogi Berra Many of us were stuck last week awaiting further clarification on a hot assignment that was due later in the day. The assignment could be interpreted in two different ways. Most of...... -
Corporate Barbarian Links: Chainsaw Massacre Edition Photo by lancefisher No, that's not me in the picture. But I did take the chainsaw out this week, and cleaned up the look of the website a bit. I got rid of the big, ugly ad in the sidebar, and reduced the amount of categories. Hopefully this will...... -
My Goals for 2010 The odds of hitting your target go up dramatically when you aim at it. - advice from a fortune cookie A Disclaimer I don't believe in luck, curses, the Evil Eye, four-leaf clovers, rubbing a rabbit's foot, crossing my fingers, knocking on wood, or the power of wishing wells. ......
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Festive Link Love Carnivality #29 Is anyone else getting tired of the stock market roller coaster? It goes up, it goes down. I'm resigned to the fact that My 401(k) was set back some and won't look like it used to for a while. The silver lining is I'll be buying cheaper stocks. I...... -
Private Money Lending I had lent out some money to a developer at 24% [2% per month] over the year and a half. Every month around the 7th I'd get my 2% like clockwork. Easiest money I never had to work for! The money was secured by a trust deed on the property.Sadly......
Corporate Barbarian Links: Corporate Re-Org Edition
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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Standing on the Shoulders of Giants jurvetson I'm the office Excel guru, but I wasn't always comfortable with computers. When I first starting working, we only had terminals that were hooked to a mainframe. The only software we used was the mainframe program. There was one PC, which was located in a small side office. ...... -
Don't Be a Weasel! 5 Rules for Accepting Blame Photo by law_keven Yesterday, we had our monthly program review with our director. One program manager had bad news about one of their projects. Let's call him Larry. He did a good job explaining, in great detail, about where they went wrong, and the steps that his team needed...... -
Barbaric Book Review: The Wealthy Barber The Wealthy Barber by David Chilton was first published in 1991. It's a basic financial guide, told in a narrative style, about three young people who seek financial advice from the town barber. Yes, you read that correctly, a barber. The story follows a young teacher as he learns, along......
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Top reasons people don't budget Photo by: afiler One of they things you can do to save money is create and follow a budget. I've heard Dave Ramsey say many times that when you start following a budget, it's like getting a raise. I've found that to be very true. When you start tracking...... -
Friday Links Today is the final day to enter to win one of two copies of QuickTax! So enter a comment on the QuickTax review and I’ll draw the winners on Saturday! Canadian Tax Resource Blog points out available tax deductions and credits for 2010. Eliminate The Muda lists 5 ways people......
Barbaric Links: Summer’s Here Edition
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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Corporate Barbarian Links: Boston Massacre Edition Another big Yankees-Red Sox series this weekend, and the Yanks started out in first place this time! What a difference a couple of months makes (This is where all of the Red Sox fans unsubscribe ;-) ). Nothing wrong with a little friendly rivalry. Look, I even included a......
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I made money doing nothing! That's what I say to myself every time I get my interest statement or see that the balance in my investment accounts has gone up. I don't know, I guess I'm easily amused. Doesn't that sound so much more appealing than "save your money" though? But saving/investing your money IS...... -
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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:
| 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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Corporate Barbarian Links: Corporate Re-Org Edition 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...... -
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Paid to Stay Home from Work?
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-wah. Man 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
Posted by enrique s in Retirement on May 4th, 2009
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
Follow me on Twitter: CorpBarbarian
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"Save to Win" Boosts the Savings Rate for Idiots? jaqian A recent Wall Street Journal article revealed that our country's savings rate may be lower than the accepted 6.9%. A person who has studied the savings rate for years has adjusted for the stimulus package, and has arrived at a much lower number: Charles Biderman of TrimTabs Investment...... -
5 Years to Pay Off a $100K Debt Photo by quaziefoto A Wisconsin family won the Professional Achievement and Counseling Excellence (PACE) Award for paying down $106K in debt. You can read the original article by clicking the following link: The Biggest Losers (of Debt): How a Family Shed $106,000 in Debt While they still have a...... -
Holiday Traditions Photo by *Sally M* We all have our favorite holiday traditions. I'll be celebrating one of them tonight, as my family will gather for the traditional Italian-American fish-themed Christmas Eve dinner. But, I've got several hours to kill before I gorge myself on bacalla and lunguine with clam sauce,......
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New Vanguard Individual 401k For Self-Employed Retirement Savings Previously I blogged about the different self-employed retirement accounts and the different options for opening a solo/individual/self-employed 401k. I've been waiting for Vanguard to unveil an individual 401k to begin investing my self-employed income in a retirement plan. I originally heard rumblings of Vanguard launching it's first individual 401k at...... -
Roth IRA Goals Update I've been called out by Lynnae over at beingfrugal.net asking for an update on my goal of putting $8000 into our Roth IRA's.Let's start off with a definition of Goal from Merriam-Webster.com: The end toward which effort is directed.Now a recap of my Roth IRA goal: My plan is to...... -
Creating Income Streams That Last Whether you are decades away from retirement, or it is staring you in the face, creating multiple streams of income is considered to be one of the best ways to secure your financial future. However, it is important to consider not only how much these streams can bring you, but......
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:
Kevin at No Debt Plan shares his frustrating lunch encounter;
Credit Card Watch prepares to save money with 0% APR credit cards;
FiveCentNickel hears ironic debt advice on his car radio;
Miserly Bastard at Yet Another Blog About Money thinks higher education is overrated;
Mr. Tough Money Love sheds light on a foolish financial blunder;
Follow me on Twitter: CorpBarbarian
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Pay Off Debt or Save Money? Photo by db*photography A recent Yahoo! Finance article weighed the benefits of paying off debt versus putting your money into savings. You can read the original article by clicking on the following link: Should You Pay Debt Before Saving? Clearly, there is no one-size-fits-all answer to the question. The...... -
Best of Money Carnival #26 Photo by ishrona Welcome to the 26th edition of the Best of Money Carnival! This was my first-ever hosting experience, and I was blown away by all of the quality submissions. It was extremely tough whittling the list down to just 10; I could have easily picked twice that...... -
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......
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50+ Personal Finance, Investing, And Money Tweeps Worth Following Miranda writes for Bankling, a personal finance portal, which contains both a blog, and a tools section that contains resources like the best bank CD rates, the best savings account rates, online mortgage rate calculators, and more. These days, it's all about Twitter and the tweeple there. While many (including...... -
Sunday Money Roundup - Record Breaking Edition. My Two Dollars took part in 5 carnivals and festivals this week, a new record! While I try to figure out how to make it 6 next week, check all of them out along with a bunch of other articles I have been reading lately. Also, don't forget to download...... -
Another Case For Emergency Savings - Credit Score You know you need emergency savings right? Should something come up where you need money quick you want to have emergency savings handy to help take care of the situation. Well here's another aspect to think about: You need emergency savings to protect your credit score! An emergency comes up. ......














