April 22nd, 2014 by Alan Yu
I was reading some interesting tid bits today on how the self-storage industry has been growing pretty rapidly. Essentially, these are those services where you can normally store your items in a small space for maybe $30 a month with the first month costing you like $1 to entice you to use it. I was thinking how this sure encourages bad habits that can cost you a lot in a year.
In many ways it’s almost like encouraging many people in renting an extra closet space full of junk that they don’t really need. Of course there may be times where you may legitimately need it such as if you are moving or need to store large items for commercial purposes. However, I would imagine the bulk of the business comes from people not wanting to throw away things like say an old TV or couch.
I know for myself, it can’t fit in my home then something needs to go. $20/$30 a month may not sound much, but again when you add it up as time goes on it’s a different story.
April 21st, 2014 by Alan Yu
I was at a toy store recently looking for some potential gift ideas for my nephew. Since he had a lego party not too long ago I figured may as well see what is being offered out there for lego enthusiasts. I then saw this with a few other people and it was essentially a container shaped like a lego person’s head. The immediate thing that popped up for everyone was the price of this. As you can see, it was $44.99.
The person even commented at first that maybe there are actual lego pieces inside as well which would explain the price. That wasn’t the case though. So if anything you are paying mostly for the novelty of the item. One person then commented how they could just get any old container for like a few dollars. The price we pay to put a smile on the face of children huh?
April 20th, 2014 by Alan Yu
This was hilarious I thought I thought today as I was in a supermarket here called T&T where like most other places they have mini booths where you can sample products as well as one’s designated in selling a specific item. I was walking past this one that sold roasted chestnuts. As usual you hear like a person yelling out to try samples and all. However, the employee was just kind of standing there looking bored and not moving her mouth which immediately made me think that there was something wrong.
Upon closer inspection, on the far back of all the packages there was like a voice recorder that was literally playing a looped pre-recorded voice of a person asking people to come try the product. I know technology has its usage, but in a situation like this it just looks plain weird. Maybe with all this tech people are forgetting how to actually approach and talk to people in-person huh? I can’t see it as saving the business money either as there is still a person that has to attend the display. Interesting Easter Sunday bit.
April 19th, 2014 by Alan Yu
I was watching this episode titled Canada Restaurant Secrets from the show marketplace on CBC which was kind of interesting as this is normally a show about finance and money in general. In this episode it essentially talked about food safety and how many restaurants have health violations. You can see the episode here at http://www.cbc.ca/marketplace/episodes/2013-2014/canadas-restaurant-secrets
Funny enough, people often complain that dining out is probably a huge cause of their financial woes in life. Talking about how much you save or how much healthier it can be to buy and cook your own food usually isn’t enough. I can easily see though how something like this would scare people into doing it. Maybe one key to help people save money is to get them to watch stuff like this. Takes the workload off you from nagging others to do the financially responsible thing.
On a side not I find it funny they mentioned KFC in this report as I even wrote not too long ago that I ate some KFC due to a person wanting to treat me and it ended up making me feel ill.
April 18th, 2014 by Alan Yu
I was spammed with this apparent business opportunity recently of something called My Top Tier Business or MTTB. At first I thought it was simply some kind of e-book or program where someone is trying to sell you a system on how to make money online. Upon reading it further there seemed to be some kind of multilevel compensation structure to the opportunity. Where you can pay something like $2000 to get the full income opportunity.
My purpose in writing this though isn’t to evaluate if it is a scam or not as I am sure there are a ton of sites that are already engaged in that kind of debate. What caught my attention was how since this had traits of a multi-level marketing company in many ways sure enough it used similar recruitment techniques such as people holding these large payment cheques as most people see that and jump into it right away. Or they talk about a financial freedom lifestyle.
This then led me to read comments on how many of the top people who make a lot of money in general don’t care what others say as the bottom line is they are making it big and that’s all that counts. It seemed like there was one example of a person who was pumping this to his readers while at the same time acting as if he is not committed to it. Example, it would be like me saying I am going to try this program and I want you all to come under me. If it fails oh well. Of course, for him he would have made a lot of income and even though a lot of people would lose money it feels like for that person it’s a “who cares as long as I made money I am okay.”
Kind of reminds me of an episode of the Simpsons where Mr. Burns was talking about the secret to being wealthy and he lists off things like your friends and family. At first you think he was going to say they are important but instead it’s the opposite where he implies you have to not care about any of these people as you can’t let anyone get in the way of you making your millions.
While that is just a cartoon for laughs it sure seems very real in cases like these huh? With that in mind, whenever I see people presenting an income opportunity it’s always better to really investigate it as many times unfortunately the people selling you the opportunity truly won’t care if you go bankrupt as long as they are making money. For example, if they show you this crazy six figure cheque why not find out details such as how much money it actually took them to make that in like advertising costs? You are being sold a dream and vision of being at the top, but when making a decision it’s good to be awake instead.