I’ve had several requests lately to update my two-year quest to find cheap alternatives to cable television. In March of 2007, Kris and I were paying $65.82 for a deluxe digital cable package that we rarely used. “$65.82 a month isn’t a fortune,” I wrote at the time, “but it’s a lot of money to pay for something that doesn’t get used. If we were big TV watchers maybe the cost could be justified. But we aren’t. And it can’t.”
To save money, we cut our cable to just the basic channels, which reduced our bill to $11.30/month. We also began to use the iTunes Music Store to subscribe to the shows that we wanted to watch. And over the past year, I’ve become a fan of Hulu, an online service that allows users to watch many past and current shows for free.
Here’s an overview of the tools we use, and how much money we’ve managed [...]

Fear is the path to the dark side. Fear leads to anger, anger leads to hate, hate leads to suffering. — Yoda

Last week I did something that scared the hell out of me. I stood in front of nearly 200 financial planners and I talked to them about why financial blogs are a good thing.
I’m a confident writer. I’ve been doing this long enough that I know my strengths and my limitations. I’ve had enough feedback to understand that I’m an effective communicator — when I use the written word. I’m less confident as a speaker. I don’t have time to pause to formulate my thoughts. I’m not able to edit. I’m afraid of being trapped in a corner without being able to talk my way out. Basically, I’m scared to speak.
It would be easy to simply refuse the opportunities that come my way. When somebody asks me to speak in front of a [...]

We think we know what will make us happy, but we don’t. Many of us believe that money will make us happy, but it won’t. Except for the very poor, money cannot buy happiness. Instead of dreaming of vast wealth, we should dream of close friends and healthy bodies and meaningful work.
The psychology of happiness
Several years ago, James Montier, a “global equity strategist”, took a break from investing in order to publish a brief overview of existing research into the psychology of happiness [PDF]. Montier learned that happiness comprises three components:

About 50% of individual happiness comes from a genetic set point. That is, we’re each predisposed to a certain level of happiness. Some of us are just naturally more inclined to be cheery than others.
About 10% of our happiness is due to our circumstances. Our age, race, gender, personal history, and, yes, wealth, only make up about one-tenth of our happiness.
The remaining 40% of an [...]

Some people are luckier than others.
How many of you believe this? Why do you believe it? Are you one of the lucky ones? Or does luck seem to pass you by? And just what is luck, anyhow?
According to John D. Krumboltz and Al S. Levin, there’s no such thing as luck. In fact, they shirk the use of the word in their book Luck Is No Accident: Making the Most of Happenstance in Your Life and Career, opting instead to use “happenstance”, a term with less baggage. Krumboltz and Levin argue that happenstance isn’t something that randomly effects us — it’s something that we create out of the chance situations and encounters that run through our lives:
Have you ever noticed that unplanned events — chance occurrences — more often determine your life and career choices than all the careful planning you do? A chance meeting, a broken appointment, a spontaneous vacation trip, a “fill-in” job, [...]

Kris and I are huge fans of gardening. We grow our own flowers, herbs, fruit, berries, and vegetables. We’re not able to supply all of our needs, but we do what we can. For the past two years, I’ve argued that this is an excellent way to save money if you have the time and the space. But is it really?
An actual weekend harvest from August 2006.

During the next year, Kris and I plan to track all of our work and expenses in the yard. I’m not going to tabulate how long it takes to trim the laurel or the boxwood, but I will track the following:

The cost of seeds and fertilizer.
Our approximate water usage.
The time we spend planting, weeding, and harvesting.
The amount of food we harvest.

The cost-equivalent from the local grocery store.

For example, when Kris places her seed order in the next week or two, I’ll note how much she spends for a packet [...]

I am a procrastinator. I always have been. It’s a character flaw, and I admit it. I’ve tried all sorts of things to beat the habit — Getting Things Done, e-mail reminders, dozens of list systems — but the only thing that seems to work is to:

Do it now.

This is blindingly obvious, I know, but many people lose sight of this fundamental skill. It’s not that we don’t know that we should do things now; it’s that we’ve forgotten how. Here are some techniques I’ve been using to try to force myself to get to now:

Set aside blocks of time to do things. When I was talking with my wellness coach earlier this year, she asked me why I didn’t exercise more often. “I don’t have the time,” I said. “Something always comes up.” She wasn’t impressed. “J.D.,” she said. “You have to make time. Make an appointment with yourself to run or to [...]