Blog Post of the Week! by Afford Anything
Dearest minions,
I don’t know whether to giggle or cry as my twins ready themselves for their senior year of high school (how the hell do they keep getting older but I stay the same age? …sorry, different blog post). On one hand, I’m happy to be able to focus my energies on work and finding fascinating topics for you to read. On the other, holy $%#! they’re seniors!!!
So, let’s block that out for a few moments and give away a soon-to-be-esteemed award.
The Blog Post of the Week!
I’ve been working on my portfolio building skillz lately (are the “z”’s still in? Or did the kids stop using those in 2001? What? I’ll turn down my Young MC so I can hear you…). I’ve always been interested in value. What do you pay for an item. I never liked the fact that when I buy a car, the guy next to me might have the same ride I do, but HIS cost might be lower than mine.
Price matters, and when I’m a buyer, I have to remember that I set the price.
It might seem like a small deal to you, but I think this is the center of the universe for me right now. Why do people drive cars with leases that put them underwater at the conclusion? Why do restaurant owners on my favorite Gordon Ramsay show think that they can just price things wherever they want? How about those real estate shows where the owner says “I want $13M for this property” and the agent has to politely try to knock the price down about $2M without offending the owner. Nobody’s going to eat your overpriced food or buy your overpriced property just because you want it to happen.
I was bowled over by the Afford Anything post Sellers Don’t Set the Price, Buyers Do. It’s a simple, mind-blowing concept that both people in the market to buy and sell would do well to understand. I think you’ll enjoy Paula’s post as much as I did.
You may know, Paula, that you receive the uber-high honor of printing this page and placing it CAREFULLY on your refrigerator.
You are so welcome.
8 Other Blog Posts You Should Have Read But Might Have Missed, So I’ll Remind You
This eight thing bothers me more and more. You people have been bringin’ the awesome sauce writing again this week.
But, because I said eight, here they are:
Em, the fairly-new writer at My Journey to Millions pens her own eye-opener in Increasing My Annual Income 10%. She opens up the piece with a great question: Do you know how much your income increases each year? Read on from there, minions!
I’m a genius, and so is John at Married (with Debt). See, I thought I’d write a piece called Getting Out of Debt Isn’t a Goal on the same day he wrote What’s Next, the brilliant piece about setting goals now that he’s over the big flippin’ debt hurdle. These read like companion pieces. Glad I could skim some of John’s considerable creative brain waves on that day….
Why is it with just two weeks left of my summer, I’m all about “let’s see if we can squeeze in one more cool thing.” Femme Frugality scratches that itch with Plan a Summer Camping Trip. I’d love to go camping right about now. Campfires. S’mores. Sleeping under the stars. Mosquitos. Loud drunk people at the next campsite. Ah, that’s the life.
KrantCents talks about how he discovered his passion by asking questions, listening to his heart and following it in I Gave Up My Dream! Read on to see how.
This week was the Life Insurance Movement and I read a ton of great posts on the topic. My favorite, though, was from Step Away From the Mall, and was called I Hope You Really Like Angry Birds. Funny and poignant at the same time.
Dr. Dean at the Millionaire Nurse blog is getting’ crazy with the retirement plans this week, teaching you self employed people how to avoid screwing up your future with his aptly named: Self Employed? Don’t Screw Your Future!
Dave Hilton at the Financial Conflict Coach interviews our 2 Guys & Your Money roundtabler-extraordinaire Dominique Brown from Your Finances Simplified on his video podcast Episode #13. Dave has that incredible voice…I have vocal-cord envy.
…so I’m looking at these future college costs, thinking “My kids are gonna need a job!” SB at One Cent At A Time has my back. Corey from 20’s Finances guest posts on the topic: 10 Conventional and Unconventional Ways of Earning Money In College.
…and you know how the baker throws in an extra one for free? I’d love to throw in about 15 more, but here’s a good one: Maria at The Money Principle has a cool plan to help you save money in Four Reasons For Not Automating Our Home and Car Insurance. Great advice here to end our BPotW!
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Thanks for sharing Dominique’s interview and the voice compliment. I definitely see why you enjoy having him on your show. I could have spent at least another hour talking with him about finances.
Dave Hilton recently posted..Learning To Negotiate Should Not Be Boring! (Negotiation Is Fun: Part 1)
Senior year is tough, you’ll be nickled and dimed, (more like fifties and hundreded…) to death all year.
The good thing…it will be a whirlwind and when they graduate you’ll be thinking, “where did the time go?”
Enjoy, (then enjoy the quiet and the new office, but don’t brag about it, it’s poor form)
Dr Dean recently posted..The Boomerang Generation: Are You At Risk?
What office
I can’t even imagine what it’s like to be at the stage. All of my friends are barely starting to have children, and it seems like that stage can be just as scary! That’s pretty exciting that college is around the corner for your kiddos
How does that fit in the budget? lol
Nurse Frugal recently posted..Fabulous Friday
It is amazing how fast time flies. I still hear those words from my parents and I have been gone for many years. Enjoy the moments together while you have them.
Miss T @ Prairie Eco-Thrifter recently posted..Save Money – Develop Important Home Owner Skills
I feel like I’m hanging on to them by a thread, Miss T.
Thanks for including my article, I am in good company.
krantcents recently posted..Friday Night Links: Questions Edition
I loved that article of Paula’s! Thanks for including me…I’ll try not to be too loud while I’m living it up a few tents over.
femmefrugality recently posted..Outside Family Fun Festival
I’m sure we always know where the party is when FF is around!
Thanks for the shout out Joe! I’m with you on market price, too, although it always amazes me when the problem turns out to be that someone priced something “too low.” I’ve personally witnessed conversations where a seller was complaining about not being able to move their stuff (mostly art and collectibles) where the advisor suggested they needed to UP the price to attract the type of buyers who had money to spend. So the $500 painting becomes a $5,000 painting and traffic picks up… crazy.
Nick recently posted..How not to advertise on Craigslist
There’s a good book by the CEO of Ferrari about selling dreams. People who have to ask what it costs aren’t the target market. They aren’t selling that at all.
I don’t know if I necessarily agree that buyers are always the ones setting the prices. Around here it seems that if you price something more expensive it becomes ‘cooler’ to go to. For example, I love going to hockey games but they just keep raising prices. Now when you go there are far too many people who are just there to be able to sit there texting their friends about where they are. So if you raise prices sometimes you just shift to a different clientele.
Jeremy @ Modest Money recently posted..August 24th 2012 Blog Update
It depends on how hot you can make the product, right? And isn’t the “excitement” factor in the eye of the beholder? The Houston Astros have had to severely cut prices because, even though they’re a major league baseball team, they can’t get anyone to come to their games. Prices are still set by the buyer.
I know how you feel! My son is starting high school this year and it is like yesterday he was walking under the table. Thanks for mentioning my article – like keeping good company
.
maria@moneyprinciple recently posted..The Rise in Health Negligence Payouts
Oh that’s a great post over at “Afford Anything” and makes complete sense when you look at the housing market crash. Sellers are somewhat screwed right now because they have limited control over the value of their asset.
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I asked the coolest person I know, my 11 year old son, and he said “WHAT? No one says “skillz” anymore!” He did say that “pwn’d” was a cool thing to say, but I don’t believe him. I think he’s just telling me dorky things to say so he and his friends can laugh at his nerd mom. Whatevz, I’m the coolest mom I know, FORIZZLE.
Michelle recently posted..Savings Goals for Families
Twins… OMG. Double everything, I think I’ll count my $$$ blessings now
. I knew there was a reason I only had one kid. I love your sense of humor and your picks. You completely whet my appetite (and I’m a big fan of Paula over at Afford Anything).
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AHEM I believe you left off a very important post about the mosquito bat! I hope you can remedy that sooner rather than later.
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