July 29th, 2014 by Alan Yu
I saw this deal at Amazon for what is apparently a “sandwhich maker” that was on sale. It creates what would appear to be in many ways a Mcdonald’s egg Mcmuffin clone. This got my attention because I used to work at Mcdonalds as a teenager where I made Egg Mcmuffin’s all the time and for the most part it’s not very hard.
So I was thinking, is it really worth it to pay for an appliance like this where you not only have to pay for the machine but time wise you may not be saving much or any time at all? I was watching some videos of this and people were saying it takes about 5 minutes for the whole process. From personal experience in doing it manually, the whole process takes about two minutes or less. While granted you could say working at the restaurant has all these fancy equipment to make the process faster, for this there really isn’t much to it. A the same time, this makes me think on how many times we buy appliances to create stuff because we assume it is complicated without it.
To me this demonstrates the importance of actually trying to do things manually so that you clearly evaluate if it is worth your time and money to invest in all these fancy equipment. Like in this case, to me it makes no sense knowing how easy it is to make. Knowledge is power and a good money saver too.
July 28th, 2014 by Alan Yu
I was looking at a contest today where they were looking for creative submissions in an effort to hold a contest of sort where at first it sounded like a neat idea. However, upon looking at it further it seemed like they asked everyone for a pretty low entry fee which kind of made me think that was the real intent of this operation. Essentially, it’s almost like paying into a lottery system.
While granted not all entry fee based contests are like that, surprisingly many of them are. Usually I notice these things tend to target people in a creative field more as to many it sounds like a great opportunity to get more exposure for one’s work or talent. This is one of those times though where you have to really make a decision rationally as opposed to emotionally. Example, researching everything about the company that you can find as well as the operators of the contest. Your wallet will thank you later.
July 27th, 2014 by Alan Yu
For some reason I noticed recently that quite a few businesses are advertising back to school sales even though that is quite a bit away. The deals don’t even seem that great compared to what you could find closer to the school year too. I then saw one particular ad where its sales pitch for you to buy all your back to school items is so you can avoid the crowds and lineup. Would you be willing to pay say 30% more simply to have everything ready like two months ahead of schedule in this case?
For this particular case I would be more inclined to wait for the sales as most of the items in general aren’t very hard to find. If anything, usually the direction I would try to go with here is to simply buy the items throughout the year if they are a good deal and hope that I will have very little left to shop near the cut-off date. This is as opposed to dedicating one day or week to do all the shopping as usually in those cases you are more focused in just getting everything off your list instead of getting a good deal.
The same can be said such as buying gifts for people. It simply requires you to be a bit more organized and focused in terms of what exactly you need to buy so that when you see a good deal you are ready for the checkout line.
July 26th, 2014 by Alan Yu
I was reading an interesting story today about a person named Dr. Emil Chynn who apparently went with the life route of making sure your career is all good first so that you will be financially ready for love and to start a family. Apparently he hasn’t had much luck and even went to extremes such as offering to give away cash in the five figure range if someone introduces him to a match.
That’s kind of interesting to think about in terms of how much money one would potentially spend to find a mate later in life versus how much simpler it probably is when you are at a young age. Then again, maybe this is simply the case of someone working too much continuously and not taking the time to meet people. I was thinking too, is it inappropriate to think of this kind of stuff from a financial point of view?
Example, the other way to think about it is you take the priority in finding your match first and then build your wealth together. This is as opposed to two people trying to make it on their own and then hoping later down the road they meet someone of an equal level. Money and finance isn’t so straight forward when it comes to life direction huh?
July 25th, 2014 by Alan Yu
I saw this neat video today called “Inglorious Fruits and Vegetables” which was neat is it revolved around taking fruits and vegetables that would normally be deemed as unsellable where people would sell it at a discount. Interestingly enough, people bought it. This I the video for those who never saw it:
If you think about it, it is simply marketing perception on why no one would buy it in the first place. However, package and present it in a different way and people will embrace it. Makes you wonder why every grocery chain doesn’t implement a system or program like this. I know for myself usually these kinds of produce are usually bad looking because they are literally going bad as opposed to simply having a cosmetic issue. If businesses created something like this though it would definitely help with the perception and I’m sure a lot of people would save a lot of money.
Makes me think of how even for simple items like an apple many people would take the visually unappealing ones and simply make it into say apple juice or cider.