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I’m another step closer to quitting the day job: today I began to train my replacement. I’ve never actually trained somebody in sales before, so this is a strange experience. It’s almost like the blind leading the blind! I’m hoping to find a quality sales seminar in the Portland area so that he can learn from a professional. Meanwhile, as you’d expect, I’ve accumulated some interesting personal stories to share:
“Still believe real estate values never go down?” asks Flexo at Consumerism Commentary. He points to recent stats that indicate U.S. home prices have fallen 6% in the past year. Some experts expect prices to drop as much as 30% in the next three years. (By contrast, prices in the Portland area have continued to increase, if only slightly.)
Yahoo! Finance recently posted a list of the 13 most overlooked tax deductions, including:
- Sales tax
- College tuition
- Charitable contributions
- State tax
- Points paid during refinancing
- And more!
I spent some time yesterday updating my list of online high-yield savings accounts. With today’s fed rate drop, yields may drop further. I’m looking for a way to make this page more useful — if there’s any info you’d like to see added, please let me know. (I currently intend to list additional banks and to note historical interest rates, where possible.)
Finally, David sent me a Wired magazine story from last fall about Getting Things Done guru David Allen and his cult of hyperefficiency. “Allen’s approach is not inspirational. Instead, it is detailed and dry. But within his advice about how to label a file folder or how many minutes to allot to an incoming email there is a spiritual promise.” I’ve tried to adopt GTD a couple times before, but ultimately I’m more fond of simpler methods.
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January 30th, 2008 at 8:12 pm
Well today’s further drop in interest rates relates to two topics in this story. First, savers won’t be getting good returns on their money in the bank. But that’s not what were here for - stay focused on your goal - getting out of debt, building an emergency fund, saving for a car or other needs. It’s nice to get a good interest rate, but sometimes it’s just more important to have money in the bank during volatile times.
The other topic is home prices. With interest rates getting low again that means people will be interested in getting mortgages and hopefully they’ll be buying homes once more. I still think certain over-inflated markets (FL and CA) are still at risk, but I really haven’t seen much of a slowdown in the southeast - prices are holding or increasing steadily. Homes in my neighborhood are still moving quickly.
Although I’m sad my savings rates aren’t what they could be, I do have an ARM and I’m looking to refinance into a 15 yr fixed. I’ll be calling my banker tomorrow - I hope I can get something below 5%!
January 30th, 2008 at 8:39 pm
Well first, this line isn’t exactly helpful: ” For more information about these banks, please see the 440+ comments that follow this list.” Who is going to read 440+ comments!?! haha.
But thanks for the updates, i was planning on doing some rate shopping next week!
I do think it might be a useful to consider other semi-liquid investments that people use instead of HYSA… but that’s probably a different topic from the original post. Maybe i’ll have to do my own homework on that, haha.
January 30th, 2008 at 9:59 pm
Great Reminder. Doing Taxes this weekend, trying to mae sure not to miss anything.
Can’t just hope TurboTax catches everything either!
January 30th, 2008 at 10:01 pm
Another way of making **BETTER** interest rates is through Everbank … You can buy CD’s based on different currencies. And not only can you get some eye-popping returns (11% yearly APR on Icelandic 3 month Krona Cd’s for example) but if we are devaluing our dollar and presuming the exchange rate is favorable, then you get an extra kick when cashing out as your foreign currency has appreciated against the dollar.
If you’d like to take a gander, go to this webpage:
http://www.everbank.com/001WorldCurrencyCD.aspx
and click on the “view currency rates” link under “World Currency Cd’s”.
I could kick myself for investing in the market here in the US rather than the Krona Cd’s over the last few months. Not only have I lost a fair sum, but the Krona Cd was going for 14% APR at the time and the Krona appreciated considerably against the Dollar as well. If I remember, I would have had in excess of a 20% annual yield.
There are some caveats:
- The accounts are FDIC guaranteed.
- There are fees on either end of the transaction. You will do better as a long term investment and roll over the funds to a new CD on maturation. *** Do read the prospectus for clarity ***
-I’m not sure how this would happen, but, presumably the Dollar might begin to climb???!!!????
I did a Google search and found no bad experiences from anyone on the Web..
Thx John Egan
January 31st, 2008 at 6:28 am
I’ve read the GTD book and am furiously trying to get it all implemented. For my life, though, everything doesn’t always fit into one of those folders and I’m not always able to write something down, put it in the inbox, evaluate it, review it, schedule it, etc.
The ideas are nice and maybe they work for some people, but I’m having some difficulty.
I’ll check out your simpler methods.
January 31st, 2008 at 6:54 am
Falling home prices are real and they are painful when it occurs. Our company has had to reimburse employees who lost money on houses when we asked them to relocate. Generally it was tied to an economic downturn in the area, but I have also seen it occur as a result of general economic conditions.
Best Wishes,
D4L
January 31st, 2008 at 10:20 am
Hi, J.D.
I work for a very sales-oriented company and recently inquired of a bunch of coworkers their recommendations for a sales seminar/company to find a seminar for one of our managers to attend. (I am in NO WAY affiliated, let me assure you.) This was the recommendation I received from two coworkers who had attended together - they said it was fantastic: Chester Karrass: The Negotiating Game. I believe you can find his book on Amazon.com, and the classes are here in Portland on occasion, as well as Seattle. Good luck with the transition!
February 3rd, 2008 at 10:14 am
JD, when will you be completely done with the corporate sales job? Based on your rising subscriber base, you should be ready to pull the trigger.
Pierre
February 4th, 2008 at 8:40 am
Doh! The interest rates on the two I know about have already changed again! (Emigrant - 4.05% APY, INGDirect - 3.4%)
March 20th, 2008 at 4:04 am
Another implementation of GTD which is similar, but easier to implement and use is called Zen to Done (ZTD). Here’s a link with more information: http://zenhabits.net/2007/04/zen-to-done-ztd-the-ultimate-simple-productivity-system/