What does this mean? Not all debt is the same. Some debt is good. Believe it or not, paying off debt can cost you more money than you imagine.
What do I mean? Here's an example:
Low interest debt, which is anything in single digits, can actually work to your benefit. The best example is my previous post: The Power of Saving Early You can apply that to this. So you have low interest debt (Student loans, car loans, mortgage) and want to pay it off first before saving. BAD! Why you ask? If you look at the break down in the spreadsheet. You avoid saving and paying off debt of $30,000. You lose $48,000 in trying to catch up for retirement vs saving early and it costing you $12,000. Not only that, you also lose in the financial gains you may missed out on, which is highlighted in the spreadsheet below:
https://docs.google.com/spreadsheets/d/e/2PACX-1vSQTiorIeNCt4YQTXZ6RYHPfy2GB68xpCYJZYD4BmzQ7nSRuVyjbADg0RmVDdfAm7PbMT_T_GBVkviK/pubhtml
Now, in the example above.
Person B paid of debt early and was debt phobic. They started saving later and managed to save a nice $1.5 million.
Person A started saving early and paid off their debt slowly. They have $3 million dollars saved for retirement.
Who would you rather be? Person A I hope.
Friday, June 24, 2011
Thursday, April 14, 2011
The Power of Saving Early
So, here's a graph I saw in my previous life as Financial Advisor and recreated. (The link is below.) We demonstrated the power of saving early, to convince people to start saving early. Initially I always thought of it as marketing, until I actually put it together in a spreadsheet.
Here's the SHOCKING part. If you look...
Person A saved $2000 a year starting at 21 and saved until 26 ($12,000). To get $1,510,252.43 for retirement.
Person B started late at 27 and had to save until 65 ($78,000). To get $1,532,182.84 for retirement.
It costs $66,000 more, because they started late, to get ONLY $21,930.41 more in savings for retirement.
If you truly think about it, it's only $77 per check every 2 weeks or $167 month or $5.48 a day to save the $2000 a year.
It's AMAZING how college graduates or even high school students aren't taught this in school.
Check out the link: https://goo.gl/3DpvFH
* Based on a rate of return of 12% per year. I'll show you how in another post! Stay tuned!
Here's the SHOCKING part. If you look...
Person A saved $2000 a year starting at 21 and saved until 26 ($12,000). To get $1,510,252.43 for retirement.
Person B started late at 27 and had to save until 65 ($78,000). To get $1,532,182.84 for retirement.
It costs $66,000 more, because they started late, to get ONLY $21,930.41 more in savings for retirement.
If you truly think about it, it's only $77 per check every 2 weeks or $167 month or $5.48 a day to save the $2000 a year.
It's AMAZING how college graduates or even high school students aren't taught this in school.
Check out the link: https://goo.gl/3DpvFH
* Based on a rate of return of 12% per year. I'll show you how in another post! Stay tuned!
Thursday, January 27, 2011
Happy New Year! New online identity!
For those of you who run your own business, work in marketing or want an online presence this year (or anytime), you'll need to establish your own identity/persona.
I've done this with atchan. If you need help, reach out to me. So here are some basic steps:
1. Decide what your goal is.
2. Pick an identity that isn't online. Create something and google it. If it comes up, chances are it's taken. If not, great!
3. Check to see if the domain is taken. Click this link and check on Godaddy.com to see if your name as a domain is available. If so, buy the .com for around $8. Don't buy the additional services, you don't need them.
4. Establish email for your domain. It's free. You may need some technical help with this.
http://www.google.com/apps/intl/en/group/index.html
5. Go to, and register yourself and your new identity (This is only a few, depends on what you are looking to do.):
http://www.youtube.com/
http://www.blogger.com/
http://www.facebook.com/
http://www.twitter.com/
6. Content is up to you.
Mind you this is only a start.
I've done this with atchan. If you need help, reach out to me. So here are some basic steps:
1. Decide what your goal is.
2. Pick an identity that isn't online. Create something and google it. If it comes up, chances are it's taken. If not, great!
3. Check to see if the domain is taken. Click this link and check on Godaddy.com to see if your name as a domain is available. If so, buy the .com for around $8. Don't buy the additional services, you don't need them.
4. Establish email for your domain. It's free. You may need some technical help with this.
http://www.google.com/apps/intl/en/group/index.html
5. Go to, and register yourself and your new identity (This is only a few, depends on what you are looking to do.):
http://www.youtube.com/
http://www.blogger.com/
http://www.facebook.com/
http://www.twitter.com/
6. Content is up to you.
Mind you this is only a start.
Monday, December 27, 2010
iPhone upgrade warning....
Happy Holiday's everyone!
So I spent my holiday in a frantic trying to recover the data from a failed update. Apparently you can't migrate your data from iPhone OS 1.1.1 to 3.1.3 . iTunes doesn't tell you this and all the internet searches say "It's easy." NO it's not. Not sure if it's Apple propaganda or not. Good luck getting support for an out of warranty Apple device.
The firmware update happend flawlessly. The phone came back and booted into the home screen. Then it said to restore the data. After that the phone stayed on the Apple logo and the status bar never moves.
An update without the users data is useless...
BUT! I have a fix and managed to learn a few things...
1. BACK UP! Always back up before you perform any upgrade or update!
2. Apple sucks for backwards compatibility. They REALLY aren't backward compatible friendly. If the device is "Out of scope" it's just not supported. Like 64-bit on older iMacs that have a 64-bit processor, but due to a bios lock you can't run Snow Leopard in 64bit mode. WHY?? Oh, that's right. I have to buy a new iMac because the one that's only 3 years old isn't supported. End of life...
3. It's NOT easy locating Apple fixes in online searches. I pull up A LOT of pages telling you how to do it. Not many, when it fails and it does fail.
4. Apple.com support KB's sucks even more. Their searches are almost useless.
So, how did I recover?
1. Look for where your back up is stored. The file names won't look like anything you know. I had to go by the date and time it was modified. Copy the entire folder to a USB drive or other locations. DO NOT use the original files. You may need to go back to them.
On a Mac: ~/Library/Application Support/MobileSync/Backup/
On Windows XP: \Documents and Settings\(username)\Application Data\Apple Computer\MobileSync\Backup\
On Windows Vista and Windows 7: \Users\(username)\AppData\Roaming\Apple Computer\MobileSync\Backup\
2. I located an app. http://www.iphonebackupextractor.com/ It saved my life for $25.
3. I extracted the data from the files and there is no easy way to get the files back on the phone. EXCEPT... to export the Contacts as CSV files and Calendar as iCal file.
Both Hotmail and Gmail support Active Sync. I suggest importing them into those mail clients and use Active Sync to get your mail. This will also provide an online back up for all your contacts so in the future something like this won't be a disaster.
I hope this helps.
So I spent my holiday in a frantic trying to recover the data from a failed update. Apparently you can't migrate your data from iPhone OS 1.1.1 to 3.1.3 . iTunes doesn't tell you this and all the internet searches say "It's easy." NO it's not. Not sure if it's Apple propaganda or not. Good luck getting support for an out of warranty Apple device.
The firmware update happend flawlessly. The phone came back and booted into the home screen. Then it said to restore the data. After that the phone stayed on the Apple logo and the status bar never moves.
An update without the users data is useless...
BUT! I have a fix and managed to learn a few things...
1. BACK UP! Always back up before you perform any upgrade or update!
2. Apple sucks for backwards compatibility. They REALLY aren't backward compatible friendly. If the device is "Out of scope" it's just not supported. Like 64-bit on older iMacs that have a 64-bit processor, but due to a bios lock you can't run Snow Leopard in 64bit mode. WHY?? Oh, that's right. I have to buy a new iMac because the one that's only 3 years old isn't supported. End of life...
3. It's NOT easy locating Apple fixes in online searches. I pull up A LOT of pages telling you how to do it. Not many, when it fails and it does fail.
4. Apple.com support KB's sucks even more. Their searches are almost useless.
So, how did I recover?
1. Look for where your back up is stored. The file names won't look like anything you know. I had to go by the date and time it was modified. Copy the entire folder to a USB drive or other locations. DO NOT use the original files. You may need to go back to them.
On a Mac: ~/Library/Application Support/MobileSync/Backup/
On Windows XP: \Documents and Settings\(username)\Application Data\Apple Computer\MobileSync\Backup\
On Windows Vista and Windows 7: \Users\(username)\AppData\Roaming\Apple Computer\MobileSync\Backup\
2. I located an app. http://www.iphonebackupextractor.com/ It saved my life for $25.
3. I extracted the data from the files and there is no easy way to get the files back on the phone. EXCEPT... to export the Contacts as CSV files and Calendar as iCal file.
Both Hotmail and Gmail support Active Sync. I suggest importing them into those mail clients and use Active Sync to get your mail. This will also provide an online back up for all your contacts so in the future something like this won't be a disaster.
I hope this helps.
Saturday, November 27, 2010
Browser Has Been Hijacked ?
- Home page or other settings change on your computer. Links are added that point to websites that you'd usually avoid.
- You can't navigate to certain web pages, such as antispyware and other security software sites.
- A seemingly endless barrage of ads pops up on your screen.
- New toolbars or Favorites are installed that give you icons and links to web pages that you don't want.
- Your computer runs sluggishly. Malicious software can slow down your computer.
- Stop cascading pop-up windows. If endless pop-up windows appear on your screen, you'll probably want to stop them first. To do this in Microsoft Windows 7, Windows Vista, Windows XP, or Windows 2000 while using Internet Explorer:
- Press CTRL+ALT+DEL, click Task Manager, and then click the Processes tab.
- Click IEXPLORE.EXE, and then click the End Processbutton.
To turn on the pop-up blocker in Internet Explorer 8 click theTools button (the gear icon), point to Pop-up Blocker, and then click Turn On Pop-Up Blocker.
To turn on the pop-up blocker in Internet Explorer 7:- Click Tools menu, click Internet Options, and then click the Privacy tab.
- In the Pop-up Blocker box, select the Block pop-upscheck box. Click OK.
- Install Microsoft Security Essentials or another antivirus and antispyware program. Microsoft Security Essentials is free software that will help protect your computer from malicious software such as viruses or spyware. Many browser hijacking programs can be identified and removed by downloading, installing, and running Microsoft Security Essentials or a similar tool.
- Run the Malicious Software Removal Tool . This can catch some, but not all, kinds of hijacking software.
- Reset Internet Explorer settings. If you're using Internet Explorer and your home page has been changed, you can often reset it yourself.
Note If you use Microsoft Security Essentials, Forefront Client Security, Windows Defender, or the Windows Malicious Software Removal Tool and these tools have detected and removed hijacking software from your computer, these tools might change your home page and your search page to help protect against the malicious software.
For more information and step-by-step instructions, see How to restore your Internet Explorer home page and search page preferences. - Disable add-ons. Many browser hijackings come from add-ons, also known as ActiveX controls, browser extensions, browser helper objects, or toolbars. These items can improve your experience on a website by providing multimedia or interactive content, such as animations. However, some add-ons can cause your computer to stop responding or display content that you don't want, such as pop-up ads.
To learn how to disable add-ons in Windows Vista or Windows XP Service Pack 2 (SP2), read How do browser add-ons affect my computer? - Get more help. call 1-866- PC safety
- go online to Here let system try and fix these issues for you.
Taken from http://blog.mir.net/2010/10/browser-has-been-hijacked.html . Great post Jay!
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