Posts Tagged ‘capitalism’

Working from Home

Wednesday, December 10th, 2008

Having worked at home for the last 8 months or so I thought I'd give my top 10 reasons to work at home.

  • The daily commute is about as good as it gets.  From my bed to the kitchen (for coffee) to the office my total commute is about 50 steps.
  •  Really great coworkers.  My two dogs Tommy and Nelly are always there for moral support. Few coworkers will ever be as cheerful and carefree as two young black labs.
  •  I can wear fuzzy slippers and no one will give me a speech (or dirty look) about unprofessionalism.  For the record I have regular and not fuzzy slippers.
  •  Productivity.  It really has increased.  Without having to check on hundreds of emails, or attend hours of phone or in person meetings my productivity has drastically increased. It's possible to increase productivity at the office by taking control of your schedule and placing limits on email checking ... but it wont be easy...
  • The view.  I used to work in a semi-dungeon.  It would have been decades before I got a window.  Now I get plenty of sunshine throughout the day, and a tax break that goes along with the fact that it's in my spare bedroom.
  • No politicking.  Being judged strictly on results is rare and refreshing.  Tommy and Nelly only know how to politic to see who gets to be pet first ... also a plus.
  • Lunch with my wife.  I get to eat lunch with her just about everyday now for about 30 minutes.  I also don't have to go out for lunch or pack a lunch anymore.  It's surprising how much time/productivity/cost this saves/increases/decreases.
  • Ability to multitask with thinking and small chores at the same time.   A surprising amount of key insights in my work lately have been achieved while doing the dishes, plucking weeds or going to Vitamin Cottage.
  • Living locally, Living Green.  I can now walk almost everywhere that I need to go on a daily basis.  Freedom is not just the ability to "roam about the country", but also the ability to stay exactly where you are.
  • Freedom.  As long as the bills are paid (i.e. the obligations of the contracts you work on) you really are free to work on the jobs you want to work on, the way you want to work on them, with the schedule that you desire (as long as it doesn't negate the contract).  You are also free to choose your own insurance, your own vacation time (subject to paying your bills of course), your own equipment and most of your coworkers.  What's better than working at home?  Working in that foreign country you've always wanted to live in but never had the cash or courage to do so.  What's better than quitting your job?  Quitting a small portion of your job and finding another contract to replace it without suffering a monumental shortfall in income (make sure you have an escape clause in your contract!).

As an addendum to my list I would also like to point out that the number 1 reason most people do not work from home, or for themselves (as a contractor, consultant or entrepreneur) is fear: fear of failure and fear of the risk of unemployment or varied employment.

However, in the last 8 months since leaving Google two conclusions have been solidified for me:

  1. Mathematically you are far less likely to suffer a catastrophic loss with a diversified portfolio of income.  For example, working 4 contracts is far less likely to result in the loss of all 4 contracts at one time than working 1 full time job is to result in being laid off.  Self-employed diversified income is usually more variable, but long term it is far more dependable.
  2. In the United States all employment is 'at will', mostly meaning at the will of the employer.  You may leave your job any time you wish, but more importantly your employer may ask you to leave at any time.  When it suits the company they will have absolutely no loyalty to you no matter what you've done or how much time you've put in.

Here's to freedom for the working class!

Bailout Sleuth

Monday, November 17th, 2008

Since the Federal Reserve and congress don't deem it necessary to disclose who they're giving money out to under the TARP (Troubled Asset Relief Program) Mark Cuban (owner of the Dallas Mavericks basketball) has helped start a new website:

www.bailoutsleuth.com

To keep track of it for them.

Several lawsuits have been filed under the freedom of Information Act and yet the Fed still (even though mandated under law) refuses to disclose which banks they are lending money too.  And it's not just the $700 billion that congress approved a few months ago.  They are apparently also excercising the "right" to give cheap loans to whomever they care to, unless of course you're a regular ol' Joe, then you have to pay prime+bank interest.  Some $2 trillion in unidentified loans has been given out in the last couple of months.

So I guess while the big boys get loans at 0.25% I'm still stuck with a mortgage at nearly 7% and a school loan at about the same.  Where do I sign up for my piece of the TARP?

Welcome to the new era of Robber Baron early 20th century style capitalism, hope it's working out for you.

A simple answer to our economic woes

Wednesday, October 15th, 2008

A while back a German economist by the name of Silvio Gesell wrote a book called the Natural Economic Order.  This book has received little attention amongst main stream economist but attracts a loyal following amongst intellectuals and otherwise far-out armchair philosophers.

His work gives us a simple answer to many of the economic woes this country has faced in the last 100 years since the creation of the Federal Reserve.  The answer is quite simple...  create money that systematically loses value over time.

silvio_gesell_1895.jpg

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How to get a deal... ask for it

Tuesday, October 7th, 2008

This article on Get Rich Slowly reminded me of something I learned this summer in Africa.

If you want a discount or a deal, the first step is to ask for it.  It's very uncomfortable at first.  Here in the States (and in Europe as well) it's very uncommon to bargain, dicker or otherwise pursue a lower price.  We live in a free and capitalist market right?  Well, why should the stated price always be the actual price?  If my stocks can fluctuate on a daily basis so should the things I commonly purchase.

Challenge yourself to ask for a discount... you'll be surprised at how often it works. Oh and don't accept the automatic "no" response on the first try either.  "No" is easy to say the first time, the second time is much harder, the third time is really difficult for anyone to say without feeling totally unreasonable.

Personal example: A couple friend of ours and Malia and I went to an art show in Denver a few weekends ago.  The show was closing in 30 minutes, but the stated admission price was $10.  I said, "$10 is kind of high given that there's only 30 minutes left... could we get a price break?"  They responded, "No... sorry".  Then our friend Marissa said, "What about for teachers?  Most of us are teachers here."  To which they responded, "Oh well for teachers sure!" And they lowered admission price to $5.