Author Archives: Craig Bailey

Shrinking “Real” Income? Only By Choice!

During my daily check-in to Yahoo! Finance I came across an article (The incredible shrinking incomes of young Americansthat I felt compelled to address…

First, let’s qualify the words “real income”, to make sure we are on the same page.

In the context of this article it is indicating that income (adjusted for inflation, over time) has been shrinking, since the Great Recession struck in 2007.

I am certainly not suggesting that this information is wrong (given certain caveats and assumptions). What I am suggesting is that this (self-imposed limitation) need not apply to us.

That is, we have a choice. If we wish to remain in the same job / role / company for many, many years, then this statistic is highly applicable. On the other hand, for those of us who continuously (every single day) make ourselves more valuable (training, education, demonstrated exceptional work performance) this phenomena (shrinking income) is absolutely meaningless.

That is, if we are continuously demonstrating that we are worth more we WILL be paid more. If not at our current place of employment then someplace else. Realize though, it takes time, effort, ambition and commitment. It does NOT occur by waiting or hoping. We must take action!

Bottom-line: If we want to see who limits our income all we have to do is look in the mirror.

If you’d like to learn more about the actions you can take to increase your value simply read other articles available on this blog categorized as Personal Success. You might start with: A Boot Camp Experience?

What Is Christmas?

A good question to pose on Black Friday is: What is Christmas?

It is quite simple, actually. It is the celebration of the birth of Jesus Christ, which happens to be held on 25 December.

It is NOT about presents and all the decorations, although that is what MANY in our culture are PRIMARILY focused on. To that I’d say: Go for it, it is VERY good for the economy 🙂

A few years ago my wife and I considered the annual MARKETING of Christmas (which seems to start sooner each year) and how we had been sucked into it, during the earlier years of raising our 4 boys (presently ages 17, 20, 22 and 25).

We considered the process we’d go through each year…

  • What is our total budget?
  • Divide by 4 to determine how much we’d spend on each kid.
  • What are we going to get each kid?
  • Well now, we’ve spent a few bucks more on him. How are we going to even things up for the rest of them?
  • Yeah, but he has 2 BIG things, and the rest only have 1.
  • We really should get each boy one of these. But, we’ll need 4 different colors.
  • Etc.

If you have kids, you know the picture.

We then asked ourselves: Where are all those “things” we purchased for the boys, over all those years? We realized that 99% are in a landfill. What a waste! We did, however, save the Legos. Those never go bad 🙂

As a result, we decided to make a change. We would no longer participate in the “Marketing of Christmas.”

Instead of “presents” for Christmas, we’d give undivided “presence.”

Beginning in 2011, we decided that Christmas would not revolve around presents under the Christmas Tree. Our celebration would involve being together over the Christmas Holiday, somewhere in the world (i.e., passports required). And, absolutely NO presents.

We are DONE with trying to jam a shopping spree into the final weeks of the year. The reality is that I’d rather shove a sharp stick into my eye than go to the mall on Black Friday, fighting frenzied shoppers caught-up in the “Marketing of Christmas”, to buy stuff for our kids who already have everything they need. If they REALLY “want” something, they can take the money they’ve earned to go get it themselves.

So, over the last few years our Christmas has been, well, sandy…

  • 2011 – 10 days in Costa Rica
  • 2012 – 12 days in the Dominican Republic
  • 2013 – 13 days in Antigua

Unforgettable experiences – together. You can read more about the above on the Travel and Adventure page.

Where are we going this Christmas? I’ll write about that later 🙂

You might ask: Why, out of the country?

The reason: kids need to understand that the world is MUCH, MUCH BIGGER than the little town they live in. They need to get away from the daily routine (and drama) and have their mind BLOWN AWAY.

This includes seeing and touching other lands, interacting with people of various cultures, who speak different languages. In doing so, they quickly realize that we all are much more alike than different, serving to shed prejudices and assumptions. They learn a broader world-perspective vs. the limited view experienced from the town they grew up in and how the media would portray other cultures and lands.

Bottom-line: Instead of spending hundreds and thousands of dollars on “things” (most of which will be in a landfill, long forgotten, within a short period of time) we are investing in experiences that broaden our kids’ horizons (a high-quality education, you could say) and, more importantly are extremely fun for all.

In closing, may the giving of “presents” not distract you from the true meaning of Christmas: the “presence” of Christ.

Merry Christmas!

p.s. – Our no presents policy will likely be “slightly” modified on the arrival of grandkids 🙂

Easy Ways to Lower The Water

In a prior post I referenced the fact that there are 2 ways to achieve financial independence:

  • Raising the bridge (increasing our income)
  • Lowering the water (decreasing our expenses)

And, the quickest way to get there is to do both at once.

During my daily check-in to Yahoo! Finance I came across (yet another) very good article to support our financial objectives.

In this case, the article covers: 42 Things You Can Do Right Away To Spend Less Money

Some might ask: “Why all this trouble to save a few bucks here and there?

Because, there is NO silver bullet. And, it ALL adds up!

Financial independence doesn’t just happen. It results from small, consistent disciplined steps. Reminds me of a quote that goes “something” like this:

We can either discipline ourselves (and become financially independent) or we will be disciplined by (a slave to) someone else (our boss and/or creditors). The choice is ours.

If you haven’t yet read the recommended article, spend 5 minutes by reviewing it now (click here).

All the best!