Jan 21 2011

The Bring Your Lunch Contest: Winner!

It’s been almost two weeks since I kicked off the Bring Your Lunch Contest and today I get to announce the winner. There were more entries that I thought would come in, and a lot of great ideas bandied around.

To recap: the submissions had to be easy, tasty, and cheap ($7.99/week to compete with my current sandwiches).

One thing I didn’t expect was how many people were horrified at my daily salami sandwich and how unhealthy that is. Honestly? I had no idea. So I’ve been eating a turkey sandwich ever since.

Let’s take a look at the three finalists:

  • Pasta for a Week: This is great because it’s simple. Sure, there is some work to be done on Sunday. But it’s pretty easy and I can see pasta taking on several varieties to keep me from getting bored in five years.
  • Tacos: Tasty and easy. They rely on pinto beans for heartiness, and I can see myself taking some hot sauce or something to spice them up.
  • Stir Fry: I love stir fry, so this one jumped out at me right away. Some of the prices on there might be deal-dependent, but a nice choice.

And the winner is…Pasta! OneFrugalGirl wins a $25 Amazon Gift Card!

As part of the contest, I will be testing out her lunch idea and reporting back here to see how it went and how much it cost. It won’t be next week since we’re trying out Peapod and we already did our shopping for next week (no salami).

Thanks to everyone that participated!


Jan 20 2011

What NFL Quarterbacks can Teach Us About Productivity

Jay Cutler

It’s third down and goal, the Bears are down by five with 13 seconds left, and quarterback Jay Cutler takes one last look at the defense before yelling, “Hike!”

He fakes a handoff and steps back to pass and looks to his right. That’s the first option on the play he called in the huddle: it was designed for tight-end Greg Olsen to score the game-winning touchdown.

He fakes left—just like the play calls for him to do—and then looks back at the spot Greg Olsen is running to.

But there’s a problem: Greg Olsen is covered and even notoriously gun-slinging Jay Cutler can’t see a way to get him the ball.

Seeing that there is no play, he tucks the ball into his side, sits down in the backfield, puts his headphones in his ears, and jams out to a little Nirvana as the other team’s defensive linemen bear down on him.

This is how careless most of us are with our time.

When things don’t go as planned, we give up and do something unproductive.

This despite the fact that we all complain that we don’t just don’t have the time to do the things we want to do.

Commuting to Work

Lots of people try to be as productive as possible during the “dead time” they spend commuting to work. Some people catch up on email, others read a book, and some just stare out the window and daydream of a better, more fulfilling job to commute to.

Personally, I try to get as much writing done as possible.

That’s why I take my netbook with me everywhere I go—you never know when I’ll get a seat and have a chance to crank out some copy.

Most of us probably have things we like to get done when we’re on the train (or anywhere else), but what happens when those plans are interrupted?

What happens when our first option is blocked?

If I get on the train and can’t get a seat, there’s no way I can get my netbook out and type away (although it would be pretty entertaining to watch me try). And it’s really easy to just give up on being productive, listen to some Cee-Lo, and enjoy my ride.

But that’s not what professional athletes do and that’s not what you should do if you’re serious about being productive and finding the time to get things done.

Jay Cutler would never just put his headphones on and listen to some music—he would quickly check down to his secondary receivers to see what other options are available to him.

  • Is Matt Forte open after pretending to take the handoff and blocking a couple of guys?
  • Did Devin Hester find an opening in the back of the end zone?
  • Oh look! The guy covering Johnny Knox slipped and fell.

Cutler fires it in and the Bears score with no time left on the clock.

Bears win…Super Bowl time!

The Lesson

Always be prepared. You need to have a backup plan at all times, and you’ll most likely need a plan C and plan D.

At some point, you’re going to need them all. Ask any new parent and they’ll tell you—preparation is key if you want to avoid some really terrible (and messy) situations.

This applies to anything that has to do with getting things done, whether it’s writing during your commute or getting errands done on the weekend.

Here is how I play it on my commute:

Plan A: Find a seat and open up the Netbook. Try to hammer out 1,500 words.

Plan B: Can’t find a seat? Take out my smart phone and catch up on emails at work, for my site, etc. The goal is to get through some email so when I get to work I don’t spend as much time on it and I can get other stuff done. It’s tough to resist the temptation to check scores, scope out the feed reader, etc. But you do it.

Plan C: Still can’t find a seat? Not many emails to get through? Take out my New Yorker magazine and get some reading in. I’ll typically find a couple of things that are interesting enough to write about later on. Underline anything I want to remember…otherwise I will forget.

Plan D: No seat? No emails? No magazine? Put on the headphones, stare out the window, and relax. Hey, sometimes we have to stop being productive, clear our mind, and take a break.

In order to be as productive as we can, we need to always be prepared, but we also need to know when to take a break and relax a little.

Image by Monica’s Dad

Jan 19 2011

Morningstar X-Ray: Analyzing All your Investments in One Place

January is a great time to do all those things you never think about during the year but know you have to do at least once a year.

So this is when a lot of people are doing “annual checkups” on things like their bills, paperwork, re-balancing your portfolios, etc.

I want to add one more thing to your list: taking a snapshot of all your investments with the Morningstar X-Ray tool.

It’s a great tool that helps investors take an overall look at all their holdings in a new and fresh way. And even if you don’t look at it as closely as I”m about to do, it’s still kind of fun to see where you’re money is invested and how it compares to the S&P.

I last used the X-Ray tool back in 2008 but have now incorporated it into my annual routine.

Let’s take a look at what it says about my Roth IRA, which is where I own most all of my investments:

Asset Allocation

The chart on the left shows me where my money is—and as you can see about 74% of my investments are in US stocks. The rest is in foreign stocks and I have a tiny sliver of cash.

For the most part, I’m 100% invested in stocks.

I’ve been meaning to add a little bit of bonds to this mix, but with the whole bond bubble going on, I’ve delayed that. I’ll be turning 30 this year so I think it’s time to at least add some bonds to start building on as I get older.

Stock Style Diversification

Only the valuation box has any value for me here, and it tells me I’m focused basically on large companies. I have a bit of exposure to mid caps, but I should have a more defined view on how much small cap stuff I hold.

I’ve been meaning to add a small cap index fund from Vanguard but last year I went with their REIT index fund instead. So this is a good reminder that this is probably the year I buy some small cap stuff in the portfolio.

Stock Sector

This one has some pretty interesting bits of information. For one, it shows I’m light in the technology sector, which is weird because I’m a big tech guy and all the trades I make in my “mad money” account are tech related. So this is interesting…I should probably change something here to at least match up with the S&P.

The other bit that’s interesting is how heavy I am in the financial services area. I’m guessing this is mostly due to Berkshire Hathaway since most of the funds I own mirror the S&P in one way or another. Having the S&P comparison right there for me is perfect since that’s how I like to judge my performance.

Stock Type

All I can learn from here is that I’d like to be closer to the S&P when it comes to classic growth and aggressive growth. I don’t want to mirror the S&P exactly (boring), but for those two line items I’d like be a little closer. Not much else for me to see here.

World Regions

I guess this is to be expected: I’m concentrated mostly in the US and Canada. I do have a fund dedicated to international stocks, but it’s spread out very thinly across lots of countries, so that’s why this still looks like I’m mostly in the US and Canada.

I’d like to spread it out even more and get heavier in Latin America (Brazil) and Asia and not so concentrated in Europe. That’s kind of scary to me right now, what with Greece and Ireland having the issues they’re having.

Fees and Expenses

This one is my pride and joy. My expenses are really low and there are two reasons for that:

  1. I use Vanguard index funds for a large portion of my investments
  2. I am very careful about which investments I pour money into—expenses play a major role in the selection process, regardless of the account I’m investing in

Every dollar you spend on expenses is a dollar you have to make up in performance, so the less you pay, the better off you’ll be.

Stock Stats

The S&P comparison here isn’t as valuable since the numbers are so far off. I’m guessing that’s due to the nature of the S&P vs. my portfolio of holdings, but if anyone else has some enlightening thoughts on this section, feel free to share.

Conclusion

I highly recommend people use this tool. You might find some interesting things about where your money is that you didn’t know before.

It’s always good to take a step back and look at things in a different way, and this tool makes it easy and interesting to do just that.


Jan 17 2011

Save Money on Apple Products

Apple Logo

I’m still not sure if switching to a Mac is worth it or not, but in my research I did discover a whole bunch of ways to save money on Apple products.

Whether you’re buying an iPad, a MacAir, or a Powerbook—there are a bunch of ways to avoid paying retail. Check out my latest article on Wisebread for the details on saving money on Apple products.

There are some good comments too that might help you find the best deal for you if you’re interested in going the Mac route.

In fact, there are even ways of combining some of these ideas to save a substantial amount.

If I do wind up making the switch, I will let everyone know how I hacked my way to as big a discount as I can get.

Image by zAppledot