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Archive for January, 2008

Unnecessary Medicine Expenses

Saturday, January 26th, 2008 by Alan Yu

Some people that I know have been getting some minor illness such as the flu recently. A comment came up on how it was a waste of money in trying to buy all these types of pills to try and quickly get rid of a discomfort that your body will be able to take care of in due time. A common example would be if someone has a headache they immediately buy say some Advil or Tylenol.

That got me thinking as I personally just go through the natural ways of getting better and I haven’t really gotten sick or had to take say pills for well over a decade. Some people say I am strange because of that. Thinking from it financially though, I guess I have been able to save money that way too.

Of course that is not medical advise as you should see a doctor if it seems serious. But in general, I suppose it is a logical thing to do to save money while at the same time not training yourself to be dependent on drugs/medication all the time for little things as like anything else they add up.

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Celebrity Apprentice - Episode 4

Friday, January 25th, 2008 by Alan Yu

There were a lot of interesting tidbit lessons you could get out of this episode I thought. The task this time around was to sell Broadway show tickets with the team raising the most money would win. Donald Trump’s special guest this time around was Vince Mcmahon from the WWE. The project manager for Team Hydra was Vincent Pastore and for Team Empresario it was Marilu Henner.

There was an interesting comment from Nely Galan in regards to last week’s episode that got me thinking where she commented on how Gene Simmons must have respected her a lot to put himself on the chopping block. That made me think on how his actions could have been a result of thinking more long term in regards to wanting to develop business relationships with certain people outside of the show as well. That’s actually a very common scenario when I think about it in a work life.

For the most part, both teams had a similar strategy which was to contact wealthy people that they knew beforehand to purchase the Broadway play tickets at a generous amount of money. The two teams initially had to negotiate with each other on which plays they would be able to sell out of the pool of 8 shows. Hydra was more straight forward and wanting to get it over with it seems whereas Empresario to me seems like they were trying too hard.

At the actual ticket selling day it seems like Team Hydra was more willing to go all out such as Piers Morgan dressing up like King Arthur to get attention from the crowd on the streets. While Empresario had gimmicks as well, it didn’t seem to be a very pro-active approach to generate any kind of buzz. In the end, Empresario made $31,747 and Hydra ended up with $33,300 which handed Empresario their third straight loss.

In the boardroom it came down to Carol Alt, Jennie Finch and Marilu Henner. Initially though, there was a clear sign of a lack of team spirit as everyone didn’t seem to be focused on a common goal. The best example was Omarosa who tried to label Carol as a person who flies under the radar and she was quick to fight back. The women did make a comment on how Omarosa was like a cancer to the team yet Marilu mentions that she did not bring her in because she felt that she works good with her. I just thought that was a very strange way of thinking.

The weakest person clearly was Jennie Finch as she admitted herself that she was not used to this type of business environment and sure enough she was the one that got fired. This episode made me dislike Omarosa even more. I personally can’t stand people who are that disloyal.

In my opinion, focusing on dealing with the trouble makers who are constantly in it for themselves will help more in the long run despite if they seem like a good worker. I remember one example in a business where there was a person who seemed like the best worker from a numbers point of view and put on a good show to outsiders. In reality, he kept trying to demean the rest of his team members whenever possible and even resorted to stealing to better himself and overall the business did poorly. Focus on fixing foundations as oppose to instances I guess you can say.

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Creative Capitalism

Thursday, January 24th, 2008 by Alan Yu

I just read this article on the Wall Street Journal that conducted an interview with Bill Gates who expresses the need for what he calls “Creative Capitalism”. Essentially, he expresses in quote:

we have to find a way to make the aspects of capitalism that serve wealthier people serve poorer people as well.

You can see a video of it here:

I guess the main criticism of these types of topics would be that you have to be at a certain level yourself to be able to help others in a grand impacting scale. When I think about it personally purely from a financial point of view, it almost makes more sense for say a billionaire to try and help create say another 100 millionaires out of a pool of worthy candidates instead of trying to immediately solve the cause through their own direct means.

With a bigger pool of people now who are in a good position to help, it should make completing the objective a little easier I’d say. Would kind of satisfy the goal in finding more companies who genuinely want to help a cause too I’d say.

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Can Money Buy Back Trust?

Thursday, January 24th, 2008 by Alan Yu

A person asked me recently where once myself and a few other people are successful in holding a specific individual accountable for lying and cheating people financially on whether or not the person can ever buy back my trust by financially compensating back more than the original amount. For example, it would be like someone stealing candy from a store and then having to pay for it while offering to pay more as well in an attempt to have a good standing record with them again.

My personal answer was definitely no to that. The one time so far where I can specifically remember where someone offered to financially compensate me to earn my trust again was actually for a job when I was younger. It was a pretty typical example too where I’m sure a lot of people have experienced as a person tells you how great you are and all that when it comes to work yet you find out that they are undercutting you in every way possible with some shady tactics.

Maybe it’s just me, but whenever people try to buy back trust with money especially after the fact that the damage has already been done that it usually feels like they are doing it to save their own face as oppose to genuinely changing.

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The Moment of Truth Show

Wednesday, January 23rd, 2008 by Alan Yu

So there is suppose to be this new game show debuting tonight called “The Moment of Truth” as a lot of people were telling me about it. Apparently, the way it works is that contestants are attached to a lie detector and are asked questions that could be embarrassing and even damaging to reveal. By telling the truth, the contestants can win money.

“The things people do for money” I was just thinking as there will be a lot of unhappy contestants even if they do end up winning money. One thing that doesn’t make too much sense to me is when it comes to the questions, what would be the point of lying anyways as wouldn’t not answering something automatically show that you are being untruthful to everyone? May as well just confess and win money as the truth will come out when you think about it.

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