Real world finance infused with common sense and education...

When does padding become lying?

by Christopher on May 9, 2012

this that and the mba, carbonnyc, thinkingOne of the first posts I wrote about was writing a magnificent resume.  If you work hard for your credentials you certainly want to flaunt them and I fully support that, but I do not support falsifying your credentials.  Take a look at what is going on with the current Yahoo CEO. 

The Yahoo CEO supposedly claimed that he had a bachelor’s degree in accounting and computer science.  It was found out through one of the members of the board of directors, coincidently a member whose organization is trying to get more seats on the board.  When does stretching the truth on your previous employment or educational credentials become falsifying. 

When you think about it you can really fluff up any job to make it seem like the work functions are much more complex than the actual tasks performed.  That is what professional resume writers do; they add fluff and critique your writing to what hiring managers want to see. 

With the availability of the internet at our fingers now, you really have to be careful to make sure that you do not commit resume fraud.  You can do a quick Google search on yourself to see what comes up and you may be pleasantly surprised.  According to Hire Right which is a firm that does background checks on resumes:

80% of all resumes are misleading
20% state fraudulent degrees
30% show altered employment dates
40% have inflated salary claims
30% have inaccurate job descriptions
27% give falsified references     

Is it ever acceptable to falsify anything on your resume?  What about if you say that you have done cost accounting but you have only viewed the materials that went into the costing?  Is that acceptable?

Photo By: CarbonNYC

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Craig, I love you man!!

by Christopher on May 8, 2012

Have I told you lately how much I love Craigslist?  Well I love it.  If you have followed my blog from the beginning you would see that I use Craigslist for everything.  That fancy logo at the top, painting of my house, snowblower, dishwasher, my house, renting of our rental unit and the list goes on. 

Well this most recent sale was for the sale of my old golf clubs.  I started out golfing right handed because that was the only clubs that we had around when I was younger.  I am a natural lefty and one day I hit a left handed club, there was so much untapped power that I hadn’t been using.  I switched to lefty and purchased a cheaper set a few years ago.  Well this April, I bought a new set of Ping irons that were an inch longer for someone who is 6’4.  Listed the clubs and a few weeks later, I had a gentleman give me a call and express his interest.  So today after work I met the man and he examined the clubs and shot low with an offer.  I countered in-between my asking price and his low offer, which coincidentally was more than I paid 2 years ago.  He was happy thinking he got a great deal on the set of clubs and I was happy using the clubs 2 years and making money on them.

Moral of the story, know the product that you are trying to sell.  Make it as presentable as you can so that when the buyer views the product they can see it in the best condition possible.  Since Craigslist is similar to a garage sale or flea market, be open to negotiation on the price of a product.  Know your bottom line and if you want to sell it you might have to come off your asking price and have fun.

Cheers.

-Christopher-

Photo By: Eilidh

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Bookmark Some Sites & Start Saving Money

by Christopher on May 7, 2012

Sometimes people think that spending consciously is a total waste of time and incredibly difficult. Fortunately this isn’t always true, and there are tons of little ways to save money. Sometimes this means going to the grocery store on a full stomach, and sometimes it means skipping on the yoga classes and buying some exercise videos at home instead. But there are even some common sense ways to save a buck or two – and you can do it right from your computer.

How, you ask? By taking advantage of a browser feature that has been around for more than a decade: bookmarking. You might think that bookmarking is just for your favorite webcomics and your daily news websites, but it’s so much more than that. By adding a couple of various sites to your normal complement of websites in your list, you can save some serious moola. Some of them might already be in your bookmarks, but add a few more to increase your potential savings.

RetailMeNot.com is a valuable resource for coupon codes for absolutely everything. If you think something doesn’t have a coupon code, check Retail Me Not before you go and purchase something. It even has codes that have been used in the past and some that may be useful in the future, too – and it doesn’t require any fee or sign up. You have access to the codes right off the bat. The rating system is great, too, and codes that have worked for other users are at the top.

PrintableCalendar.ca saves you at least $12 on those incredibly overpriced stacks of paper you have to buy at the beginning of the year. If you take a trip to the dollar store you can usually find a limited selection too, but the calendars on this website are completely free. You can even enter special dates and events before you print, and you can choose from a few designs.

Your bank’s website may not seem like it will save you money, but being aware of where your finances are all of the time is extremely helpful when it comes to deciding whether or not you want to buy something. Now, you may not be enthusiastic about looking at your bank account every morning with your coffee, but having a good starting point of your financial picture in the morning is essential in having a fee-free day.

Financial blogs (like this one!) should be part of your routine as well. Not only does reading strong advice in the morning help guide your day, but often there is a snippet or two of advice that anyone could  use in every blog post you’ll see there – and the advice is usually pretty good, too.  It’s also important to read about personal finances to keep yourself focused!

Review sites like amazon.com are also essential bookmarks. Buying a 47” TV without reading the reviews on sound and picture can be an absolute disaster, especially when you go to return it because it wasn’t what you wanted. Bookmark handy sites and look at them before you make a purchase – that way, you can be incredibly informed and not make a terrible mistake that will cost you a few hundred dollars in shipping fees to fix. Many people like to communicate with one another about the quality of an item – listen. It’s free.

Some of these bookmarks won’t work for you, but the ones that do will save you cash and more importantly, time. Consider finding your own money saving bookmarks and saving them all in a “finances” folder on your browser – that way, you’ll always have a quick and easy way to save some money.

Steven Clarkson is a writer for FranklinDebtRelief.com.  Visit FranklinDebtRelief.com for objective advice about debt relief options.

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It has been a busy week here at This That and The MBA.  Things are very busy on the work front as we move to completing our cost reports.  This is the bread and butter in how the hospital gets paid.  Without these babies nobody knows our expenses or any statistics. 

Here we were blessed and received a page rank of 2.  Thank you big G.

Here are the articles that caught my attention this week:

Daisy at Add Vodka with How running a blog is like running a business

Michelle at Making Sense of Cents with Lifes Little Splurges

Savvy Financial Latina with Gender Roles in Business

Mikey Rox at Money Crashers with How to get a raise or promotion at work  

Kurt at My Money Counselor writes Paying Debts in Collections  

Jason at WorkSaveLive with How to Retire Comfortably: Start With the End in Mind  

Sean at One Smart Dollar with Facebook IPO Date Set for May 18  

John at Married with Debt posts about his debt payoff progress.

Stephen at Saving From Scratch with How I paid off my student debt!  

As a random side note, my grass is growing like crazy I have been mowing it twice a week for the past few weeks.

Until Monday, keep it random and keep it safe and enjoy your weekend!

-Christopher-

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Do you really need money?

by Christopher on May 3, 2012

this that and the mba, dumpster dive, daniel sueloHave you ever heard of the cave dweller?  Dumpster forager?  What about Daniel Suelo?  Well I have news for you they may all be one in the same.  Daniel Suelo is a man who decided he didn’t need money anymore. 

What did you say?

That is right he decided he didn’t need money anymore.  So one day he walked out and put his last $30 dollars in a phone booth and hasn’t looked back.  That was 12 years ago.  He has been wandering the country since living off the land and others generosity.  He really takes it to heart when we say one man’s trash is another man’s treasure.  For Daniel it is his means of survival.   

Where would you ever get an idea like this?

For Daniel Suelo it was his 2 years in the Peace Corps that he saw the quality of life of an Ecuadorian village decline the more money that they spent.  They were spending money on TV’s and modern day conveniences.  He came to the conclusion that money was the underlying factor.  This idea fostered in his head for a while and then one day he decided to take the extreme measure and go on without money.  

Do you think you could walk away assuming you had no debt?  I know we all want to walk away from our debt!!!

 Photo By: Meaduva

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purple pill, viagra, celebrexThere was an article in the NY Times that said that Pfizer profit declined 19% after loss of patent for Lipitor.  The article points out that Pfizer is racing to reinvent itself as they are scheduled to lose 19 drug patents with a potential to lose $38.5 billion in sales.  For years big drug companies have been buying up smaller companies that showed a promise of bringing a new drug to the market.  They picked up where the little company left off and brought it out to the market place under the larger companies’ name.  What is next for the big pharmaceutical companies? 

Have you ever thought of what a patent means to a pharmaceutical company in terms of revenue? That is the companies bread and butter for the length of the patent.  Generally a patent within the United States is for 20 years but this is before clinical trials are performed.  The clinical trials can take between 8-18 years to perform, so in essence the manufacturer can have a monopoly for 8-12 years once the clinical trials are concluded. 

In a world where it can take up to $800 million dollars for a block buster new drug to be brought to the market losing a patent can be significant.  The market is soon flooded with generics and before you know it you have yourself the next Tylenol/pain reliever.   The generic drugs get to coat tail on the wings of the original patent holder too and absorb the marketing and branding efforts.  It is the norm now to go to the pharmacy and have your script filled with a generic, rarely does the physician write DAW (dispense as written). 

Are we in a world now where we may not have any new blockbuster drugs coming to the market anytime soon?  The article point out that big pharma is not investing in R & D as heavily as in the past.  Pfizer has reduced its research budget from $9.4 billion in 2010 to $6-7 billion.  What is on the horizon?

Photo by: DvortyGirl

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International Workers’ Day, This That and The MBA, Occupy Wall Street, Occupy Wall street 2012Let me start off by saying that I am honored to host this week’s edition of the Festival of Frugality. Before doing a little research, I had no idea what May Day was. May Day (also known as International Workers’ Day) is a commemoration of the 1886 Haymarket Massacre in Chicago which was a movement to symbolize working class solidarity. This year Occupy Wall Street plans to demonstrate their own International Workers’ Day movement today. Occupy Wall Street’s message has been to call attention to what they say are abuses of power and wealth of the 1%.

Here is my submission to the festival:

I present to you Your grandfather used to do it why not you… posted here at This That and The MBA.

This week’s editor picks are:

Kurt Fischer presents Income-Based Student Loan Repayment posted at Money Counselor.

Adam presents The Reality of Self-Employment posted at Magical Penny.

Jefferson presents The Big Bag o’ Frozen Chicken posted at See Debt Run.

Tim presents Teaching Kids About Money posted at Faith and Finance.

Jeremy presents Thank You For Irresponsible Credit Card Usage posted at Modest Money.

Listed below are the rest of this week’s great article submissions:

Stephen presents NerdWallet’s Top 5 Most Common Investing Mistakes posted at NerdWallet.

Miss Thrifty presents Make Do And Mend: tips on taking care of clothes posted at Miss Thrifty.

Squeezer presents Why investing in dividend paying stocks is a smart move. posted at Personal Finance Success.

Jo Robinson presents Cheap indoor fun for the kids posted at TotallyMoney

Rich Avery presents How Magic Jack Works and Saves Me $500 a Year on Home Phone Service posted at Money Wise Pastor.

Melissa presents 10 Things We Don’t Have or Buy posted at Mom’s Plans.

Glen Craig presents Think Twice Before Borrowing from Your 401k posted at Free From Broke .

Carrie Smith presents 10 Clever Ways to Reduce Energy and Save Money on Utilities posted at ReadyForZero Blog.

Philip Taylor presents 3 Times When You Should Not Be Shopping posted at PT Money Personal Finance.

Jeremiah Brown presents How To Make QUICK MONEY–Part 2– Sell Products Online posted at Finance Yoga.

Bob presents Paying a pastor for a wedding: How much? posted at ChristianPF.

Robert presents Student’s Guide to Hostels posted at The College Investor.

SB presents How to Start with Managing Personal Finance posted at One Cent at a Time.

Echo presents Pros And Cons Of Waiting To Buy A Home posted at Boomer & Echo.

Teacher Man presents How to Stand Out in the Scholarship Process posted at My University Money.

Barbara Friedberg presents 58 Habits to Increase Wealth posted at Barbara Friedberg Personal Finance.

Investor Junkie presents Milton Friedman – Four Ways to Spend Money posted at Investor Junkie.

Wayne presents 5 Tips to Save Money on Your Grocery Bill posted at Young Family Finance.

A Blinkin presents Why Do Banks Sell Mortgages? posted at Funancials.

Jen presents How Much House Do You Really Need? posted at Master the Art of Saving.

Eddie presents 10 Signs You Need Help With Money posted at Finance Fox.

Jason presents Where to Save Your Retirement Investing Contributions posted at Work Save Live.

Kevin presents It’s All About Creating Income posted at Thousandaire.

MR presents Fixing Your Garage Door Opener By DIY posted at Money Reasons.

Jester presents Saving Money By Doing Small Repairs Yourself posted at The Ultimate Juggle.

Aloysa presents Who I Have Not Become posted at My Broken Coin.

Penny Thots presents 15 Easy, Money-saving Ideas that Will Save You Thousands posted at Penny Thots.

Beating Broke presents The $200 Cable Bill – What’s In Store for Cable and How to Cut the Costs Now posted at Beating Broke.

FMF presents 25 Things to Never Pay Full Price For posted at Free Money Finance.com.

John presents It’s Their Fee Party, and Prepaid Card Issuers Will Charge If They Want To posted at Wallet Blog.

Daisy presents Vancouver Personal Finance posted at Add Vodka.

With that said here are this week’s picks for the Festival of Frugality. I hope you check out other great posts on my site and click on the like button, tweet button, and subscribe to my RSS.

Happy May Day!

-Christopher-

P.S. To spice it up a bit and get less generic comments, tell me something about yourself….Check back tomorrow and I will tell you something about myself!

PHOTO BY: Asterix611

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