WHOEVER WISHES

“Whoever wishes to live in sanctity, may he live according to the true laws of commerce and finance.”

Babylonian Talmud

PROPER MONEY MANAGEMENT from THE BUSINESS, CAREER, AND WORK OF MAN

When you engage in proper money management even the seemingly impossible often becomes certain in time. When you engage in improper money management even the probable becomes impossible in time.

WHEN GOVERNMENTS DIRECT from POLITICAL CAUSE

WHEN GOVERNMENTS DIRECT THE MARKETS

When governments direct markets the very best that they can possibly hope to achieve is misdirection.

 

Germany’s Energy Poverty: How Electricity Became a Luxury Good

By SPIEGEL Staff

Photo Gallery: The Costs of Green EnergyPhotos
DPA

Germany’s agressive and reckless expansion of wind and solar power has come with a hefty pricetag for consumers, and the costs often fall disproportionately on the poor. Government advisors are calling for a completely new start.

If you want to do something big, you have to start small. That’s something German Environment Minister Peter Altmaier knows all too well. The politician, a member of the center-right Christian Democratic Union (CDU), has put together a manual of practical tips on how everyone can make small, everyday contributions to the shift away from nuclear power and toward green energy. The so-called Energiewende, or energy revolution, is Chancellor Angela Merkel’s project of the century.

“Join in and start today,” Altmaier writes in the introduction. He then turns to such everyday activities as baking and cooking. “Avoid preheating and utilize residual heat,” Altmaier advises. TV viewers can also save a lot of electricity, albeit at the expense of picture quality. “For instance, you can reduce brightness and contrast,” his booklet suggests.Altmaier and others are on a mission to help people save money on their electricity bills, because they’re about to receive some bad news. The government predicts that the renewable energy surcharge added to every consumer’s electricity bill will increase from 5.3 cents today to between 6.2 and 6.5 cents per kilowatt hour — a 20-percent price hike.

German consumers already pay the highest electricity prices in Europe. But because the government is failing to get the costs of its new energypolicy under control, rising prices are already on the horizon. Electricity is becoming a luxury good in Germany, and one of the country’s most important future-oriented projects is acutely at risk.

After the Fukushima nuclear accident in Japan two and a half years ago, Merkel quickly decided to begin phasing out nuclear power and lead the country into the age of wind and solar. But now many Germans are realizing the coalition government of Merkel’s CDU and the pro-business Free Democrats (FDP) is unable to cope with this shift. Of course, this doesn’t mean that the public has any more confidence in a potential alliance of the center-left Social Democrats (SPD) and the Greens. The political world is wedged between the green-energy lobby, masquerading as saviors of the world, and the established electric utilities, with their dire warnings of chaotic supply problems and job losses.

Even well-informed citizens can no longer keep track of all the additional costs being imposed on them. According to government sources, the surcharge to finance the power grids will increase by 0.2 to 0.4 cents per kilowatt hour next year. On top of that, consumers pay a host of taxes, surcharges and fees that would make any consumer’s head spin.

Former Environment Minister Jürgen Tritten of the Green Party once claimed that switching Germany to renewable energy wasn’t going to cost citizens more than one scoop of ice cream. Today his successor Altmaier admits consumers are paying enough to “eat everything on the ice cream menu.”

Paying Big for Nothing

For society as a whole, the costs have reached levels comparable only to the euro-zone bailouts. This year, German consumers will be forced to pay €20 billion ($26 billion) for electricity from solar, wind and biogas plants — electricity with a market price of just over €3 billion. Even the figure of €20 billion is disputable if you include all the unintended costs and collateral damage associated with the project. Solar panels and wind turbines at times generate huge amounts of electricity, and sometimes none at all. Depending on the weather and the time of day, the country can face absurd states of energy surplus or deficit.

If there is too much power coming from the grid, wind turbines have to be shut down. Nevertheless, consumers are still paying for the “phantom electricity” the turbines are theoretically generating. Occasionally, Germany has to pay fees to dump already subsidized green energy, creating what experts refer to as “negative electricity prices.”

On the other hand, when the wind suddenly stops blowing, and in particular during the cold season, supply becomes scarce. That’s when heavy oil and coal power plants have to be fired up to close the gap, which is why Germany’s energy producers in 2012 actually released more climate-damaging carbon dioxide into the atmosphere than in 2011.

If there is still an electricity shortfall, energy-hungry plants like the ArcelorMittal steel mill in Hamburg are sometimes asked to shut down production to protect the grid. Of course, ordinary electricity customers are then expected to pay for the compensation these businesses are entitled to for lost profits.

The government has high hopes for the expansion of offshore wind farms. But the construction sites are in a state of chaos: Wind turbines off the North Sea island of Borkum are currently rotating without being connected to the grid. The connection cable will probably not be finished until next year. In the meantime, the turbines are being run with diesel fuel to prevent them from rusting.

In the current election campaign, the parties are blaming each other for the disaster. Meanwhile, the federal government would prefer to avoid discussing its energy policies entirely. “It exposes us to criticism,” says a government spokesman. “There are undeniably major problems,” admits a cabinet member.

But this week, the issue is forcing its way onto the agenda. On Thursday, a government-sanctioned commission plans to submit a special report called “Competition in Times of the Energy Transition.” The report is sharply critical, arguing that Germany’s current system actually rewards the most inefficient plants, doesn’t contribute to protecting the climate, jeopardizes the energy supply and puts the poor at a disadvantage.

The experts propose changing the system to resemble a model long successful in Sweden. If implemented, it would eliminate the more than 4,000 different subsidies currently in place. Instead of bureaucrats setting green energy prices, they would be allowed to develop indepedently on a separate market. The report’s authors believe the Swedish model would lead to faster and cheaper implementation of renewable energy, and that the system would also become what it is not today: socially just.

Trouble Paying the Bills

When Stefan Becker of the Berlin office of the Catholic charity Caritas makes a house call, he likes to bring along a few energy-saving bulbs. Many residents still use old light bulbs, which consume a lot of electricity but are cheaper than newer bulbs. “People here have to decide between spending money on an expensive energy-saving bulb or a hot meal,” says Becker. In other words, saving energy is well and good — but only if people can afford it.

A family Becker recently visited is a case in point. They live in a dark, ground-floor apartment in Berlin’s Neukölln neighborhood. On a sunny summer day, the two children inside had to keep the lights on — which drives up the electricity bill, even if the family is using energy-saving bulbs.

Becker wants to prevent his clients from having their electricity shut off for not paying their bill. After sending out a few warning notices, the power company typically sends someone to the apartment to shut off the power — leaving the customers with no functioning refrigerator, stove or bathroom fan. Unless they happen to have a camping stove, they can’t even boil water for a cup of tea. It’s like living in the Stone Age.

Once the power has been shut off, it’s difficult to have it switched on again. Customers have to negotiate a payment plan, and are also charged a reconnection fee of up to €100. “When people get their late payment notices in the spring, our phones start ringing,” says Becker.

In the near future, an average three-person household will spend about €90 a month for electricity. That’s about twice as much as in 2000.Two-thirds of the price increase is due to new government fees, surcharges and taxes. But despite those price hikes, government pensions and social welfare payments have not been adjusted. As a result, every new fee becomes a threat to low-income consumers.

THE LESSON – THE BUSINESS OF BUSINESS

Last night, at our weekly Family Business Meeting important lessons were learned and important lessons were taught.

We had a half hour meeting to discuss old and new business and then I conducted an hour and a half meeting on stocks and successful stock investing, culminating in asking them to each have a profitable Blue Chip stock recommendation for me by next week in which they can invest. Also I asked for an assessment of which industry sectors most interested them when it came to investment.

This is hardly the first lesson they’ve had on investing, or even on stock investing, but it seems to have really sunk in quite well this time, for all of them. Most importantly my wife and children were able to correctly answer almost every question I put to them regarding stock investing. A superb omen for the future.

NO MAN IS A CHAMILLIONAIRE UNLESS HE WANTS TO BE

I don’t know this guy from Adam, and I don’t care much for modern rap. But I will say this, many rappers (not all, but many) seem to have a good eye for business and turn out to be excellent entrepreneurs. So it is no surprise to me at all that they would turn their attention to or be involved in Capital Ventures and Start-Up operations.

So I say let the boy run as far as he can run, and Godspeed to his ventures.  Hope they are enormously successful.

And I fully and definitely agree with this sentiment on the part of the author of this article: No man should restrict himself to a single venture when he could master many.

 

Chamillionaire Is Now An Entrepreneur In Residence at a Venture Capital Firm

In a letter penned by VC Mark Suster explaining the head-turning week he’s had at Upfront Ventures in Los Angeles, he explains the presence of a new face around the office: Chamillionaire. The same Chamillionaire who was showing us how to get our respective shines on not a decade ago. But if Kanye has taught us anything, it’s that we can find success in multiple creative outlets. In the past five years or so, Cham has been quietly but actively involved in the tech startup scene, from speaking on social media engagement in the music industry to hanging out with Y Combinator associates.

He’s also been making some investments himself. He was one of the earliest investors in Maker Studios, an online video network founded in 2009 and sold to Disney for $500 million last year. The firm he’s currently hanging with and advising, Upfront Ventures, has a vast portfolio that includes some acquired startups such as Bill Me Later (Rick Ross may or may not have been referring to this method of monetary transaction on his verse for Nicki Minaj’s “I Am Your Leader”). Suffice it to say that Chamillionaire has transcended the days when he explained on YouTube how Michael Jordan sonned him, or maybe that was just an early example of his Internet savvy and ability to manipulate viral stories and plant social media engagement. At any rate, in a world in which Internet entrepreneurs like Ben Horowitz make business decisions through the inspiration of rap songs, it’s not surprising to see that we now have rappers getting their own piece of the pie.

We can all agree that Chamillionaire should be given a platform to speak at the next TechCrunch Disrupt conference.

 

 

NOT THE WAY from THE BUSINESS, CAREER, AND WORK OF MAN

I can honestly say that I have never once in my life, that I can recall, ever felt covetous of or jealous of the money, property, or possession of others. And I have never once felt that others owed me their money, property, or possessions unless I worked for them.

I have on occasion wanted more of my own money, property, and possessions, but I do not understand being either jealous of or begrudging the prosperity or possessions of others.

I do not understand that and think it extremely small and petty. I think modern man is sick in his grasping at and jealousy of the resources of others.

The one exception would be if another person got their money, possessions, and property through theft, robbery, or oppression.

Then I have no respect for their gain for they got what they have by covetousness and deceit in themselves and towards others.

THE GOAL

The goal should not be to degrade, lessen, or sabotage the ranks of the 1%. Much less to abolish the ranks of the 1%.

Rather the goal should be to create so many wealthy persons that they become the vast majority of people on the face of the Earth. But to do this the vast majority of people on the face of the Earth must become truly ambitious, industrious and productive. They must also become real risk-takers.

It is for immediately obvious reasons (to anyone who bothers to observe) that the vast majority of one-percenters are consistently ambitious, industrious, and productive. And habitual risk takers.

They are not dependent-minded people with a constant desire for indulgence and security. They are rather the makers of manners. And the shapers of self-effort and worth.

If you would be in the 1% you must become the 1%.

It is not indecipherable magic, it is good and well-practiced habit.

DOING GOOD from THE BUSINESS, CAREER, AND WORK OF MAN

You should treat your assets, your businesses, your creations, your investments, your money, and your wealth exactly like your children. You should build them up, develop and grow them so that they can function, and function well, without your presence. Eventually you want your every asset to have a completely independent existence, entirely free of the necessity of you.

You want the things you create and the things you have and the things you produce to have their own life, to outgrow you, and to do those good things in the world that you could never do alone because, after all, you are but one man.

Look at your assets as you would your own children and off-spring, the point is never to maintain a life-long control of them, but to develop them in such a way that they no longer need you. That they outgrow and exceed you. Do this and you will prosper, do this and the world will prosper.

In the long run this approach will make you much, much wealthier and much, much wiser, and better still it will make the world much, much wealthier for your uncommon Wisdom. When good things outgrow their creator everyone benefits. Especially the creator.

Do not just do good with the things you create and possess, let the things you create and possess Do Good on their own.

ELON’S LOSS

​Elon Musk Lost About $1 Billion In Two Weeks

​Elon Musk Lost About $1 Billion In Two Weeks123456

Low oil prices and cheap gas are cutting into the demand for electric cars and solar power, if analysts are to be believed. That’s no good if you’re the largest shareholder of Tesla and SolarCity, and some back of the napkin math says Musk’s pocket is about $1 billion lighter.
7

Musk owns over 28 million shares in Tesla, which peaked at around $284 in September and is now floating around $200 today. He also owns almost 21 million shares of Solar City, which topped out in February at $86 and is trading today at just over $50.89

According to Marketwatch:

On Nov. 26, the day before a decision by the Organization of the Petroleum Exporting Countries to stand pat on production suggested the group preferred to defend its market share than try to support prices by cutting output, Musk’s combined Tesla and SolarCity holdings were valued at around $8.2 billion. They are now more like $7 billion.

Since that OPEC meeting, Tesla shares declined 16 percent and Solar City dropped by 11 percent, and it’s even lower now. But really, what’s a few hundred million between billionaires?10

THE MARRIAGE OF OUR BETTER INTERESTS

Why Choosing A VC Is Like Choosing A Spouse

What to consider before you put a ring on it

Committing to a relationship with a VC is committing to the long-term. In romantic terms, it’s a marriage, not a casual drink or weekend getaway. In fact, venture capital/startup relationships last just as long as most marriages — around 7 or 8 years — and can be just as emotionally taxing.

Entrepreneurs often struggle to feel confident when they are presenting to VCs. Pitching your startup can be as nerve-wracking as waiting at the bar for a blind date, and what VCs want can seem as mysterious as members of the opposite sex. Entrepreneurs are reluctant to ask important questions because they are afraid of scaring the potential partner away, but the answers to those questions could seriously impact the happiness and fruitfulness of your “life” together. Startup life means there are a lot of ups and downs, but the downs don’t mean you should settle for a ‘safe’ VC choice. Everybody deserves somebody. As with significant others, you want someone who sees the unique positives in you, not the generic negatives.

What VCs care most about is how much their investment will be worth, or equity value. This leads to the question facing all entrepreneurs — how do you build equity value? Revenue is a metric (and an important one), but not the metric. Other factors include market leadership, unique IP/capabilities, disruption in a big market, and an A+ technology team. The right “fit” isn’t the same for everyone. What works for one person or startup may not work for another. Here are 5 things to consider before entering the bonds of venture capital funding.

1. Know your value as a partner

As the philosopher Beyonce says, “If you like it, then you should have put a ring on it.” A great start to a marriage or partnership of any kind is when both sides feel they lucked out and are excited about the commitment. Find someone who appreciates the potential of your business and what you have to offer. As a founder, you are giving away your most prized asset — your equity. The VCs are buying a piece of a company that they believe has value. It is important to remember your self-worth and your company’s value before you embark upon a relationship . This is a much more compelling approach than “I hope someone gives me money,” because desperation doesn’t look good on anybody.

It is also important not to have baggage walking into the partnership. Plenty of entrepreneurs play hard to get in the beginning, but as soon as you commit, the games should be over. You don’t want to spend years explaining or justifying yourself. A strong relationship means being honest and appreciative of each other. This also means it is important to be on the same page about terms, so everyone feels they got a fair deal. For example, Carbonite really loved working with us at Menlo Ventures because the investment was fair on both sides and we said ‘I do’ with a clean slate. In a strong VC-startup relationship, both parties want the other to succeed. Mutual respect and excitement should come before a ring.

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MONEY AND POWER 101

As a child my parents taught me almost nothing at all about money. (Other than earn and save it.) Despite the fact that my father was a successful tool and die maker, an inventor, and had owned and sold his business (at a nice profit) I nevertheless received a very scant education in money matters.

I remember many times, seeing my parents doing their taxes and asking them, “teach me about taxes, teach me about money, and how this works.”

They always basically told me, “You’re a child, you don’t need to worry about this right now, you’ll learn about this when you grow up – on your own.”

I guess that was simply the Weltanschauung of their generation and age. It is, however, not mine.

Because of that when I entered college, and for the rest of my life, I have been learning about business, capital, Capitalism, economics, finance, investment, money, and all other related money-matters. Money is a big part of my Personal-Education Plan (PEP Program), and my self developed IEA (Individual Education Account).

When I first got married I realized pretty quickly that my wife had no idea about money, how it operated, or why it worked as it did. She, likewise, had little to no real education on money matters from her parents either.

Determined not to let financial ignorance and bad money management work against her, me, our marriage, or in the lives of my children I have developed Economic and Monetary Educational Materials to use for their instructional benefit. Since I homeschooled my children for their entire primary educational period (pre-college) I made sure to incorporate both basic and advanced course materials on budgeting, business, Capitalism, career, economics, entrepreneurship, finances, investment, profit, etc. I also make sure they practice what they learn. Both are far better at money matters than I was at their age.

I am to the point now that regardless of what happens to me I feel confident that they are in possession of enough useful materials, and have been trained and habituated in such a way as to assure they will be successful in their own businesses, careers, and with money.

Below you will find a very basic summary of the most fundamental things I have taught them concerning money. They are well advanced beyond these simple ideas, but, in starting any venture it is always necessary to begin with the fundamentals. Often, over the course of time, it is necessary to return to the fundamentals as well.

Beneath the section on Money and Power 101 is a short document I developed regarding the Hoards I believe each person should develop over their lifetimes and how to employ and use these Hoards.

This “List of Hoards” is hardly exhaustive, but it does include most of the Hoards I consider most basic, except for the Word Hoard. Which technically could be a part of your Charisma Hoard, but really I consider a person’s language, linguistic, and vocabulary (Word) hoards to be an entirely separate set of treasures.

I offer these posts in the hopes that they may assist you, especially if you are just starting out in the world, to master your own Money and to develop the Hoards that you will find most useful.

I do not insist you necessarily agree with my definitions, but I do urge you to make your own studies of Money and the Power it engenders, I do urge you to master Money (rather than be mastered by it, wither as a poverty-stricken person or as a wealthy person), and I do urge you to develop and grow your own Hoards.

You will thank yourself for such efforts later on in life, and very likely the world will thank you for having made such efforts.

Comments are welcome.

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MONEY AND POWER 101

MONEY is the financial power to do as you need and wish in the world. The more money your have the more power you have, the less money you have the less power you have.

SURPLUS is the amount of anything you have in excess to your actual or current needs. Your surplus should always be as great as possible of imperishable items.

PROFIT is the amount of money earned or generated in excess of expenditures.

INSURANCE is a money pool set aside for emergencies. If possible it is best to self-insure.

TAXES are the amount of money lost or exhausted to an individual by being seized by the government.

EARNINGS are the amount of money you generate for yourself through various actions of Work. Earnings are divided into three separate subcategories.

Income is the total amount of earnings one generates through all earnings sources. Originally it was that income (come-in) generated by investments.

Investments is the amount of earnings generated by whatever vehicles one is invested (vested) in. Investments are earnings or income vehicles generated by Risk.

Salaries or Wages is the amount of earnings generated by working for or laboring for others paid in the form of salary or wages. (Time or Work for money.)

SAVINGS – the amount of money already earned but not invested or spent but retained for long term goals or for emergencies.

EXPENDITURES – all monies spent to buy or pay for non-income producing items or services

Bills and Living Expenses – those monies paid to creditors or service providers for goods and services purchased. Bills and Living Expenses are monies lost to others.

Necessities – those monies expended for all goods and services of a necessary nature: food, shelter, power, necessary maintenance, etc.

Emergencies – those monies expended for emergencies and immediately unforeseen expenses, such as medical bills and repairs.

Entertainment – those mines expended for entertainment, recreation, etc.

GIVING – all monies given to the care and well-being of others to service their needs, also any resources given to others for their support.

Charity – giving to Church and/or Charitable causes with the intention of supporting the long term needs of an individual or an organization.

Philanthropy – giving to humane and other causes with the intent of addressing or solving specific needs or problems or projects. For instance one might found or support a philanthropic enterprise to support literacy, to build a hospital, to fund a scholarship, etc.

PREPARATION – always keep your money growing, in motion, invested, and in use for worthwhile things. Always plan as far ahead as possible regarding expenditures to be made. Always have accurate and complete information about all aspect s of your money and how it will be used.

RISK – all enterprises require risk. Risk is the amount of danger required to service a worthwhile enterprise or investment relative to the potential reward or Return on Investment (ROI) the enterprise or investment will generate (in the case of business, financial, and monetary activity). Generally speaking the higher the risk the greater the return or reward, and the lower the risk the lower the return or reward. However measures should always be taken to favorably mitigate risk as much as possible.

REWARD – is the amount of gain generated by the successful conclusion or progress of a worthwhile Risk. Another term that is synonymous with reward in financial and monetary matters is Return on Investment, which is a measure of gain generated by risk relative to the danger of initial loss of the initial loss of the investment.

MONEY – having more than enough money needed to meet all of your needs and the needs of others should make you happy. Making money should make you happy, and having a large surplus of money should be associated with pleasant thoughts and feelings and with security. Money is a personal, physical, financial, economic, psychological, social, and spiritual force, or power, and should be treated and employed as such. Money should not master a man, either by having too little, or by being consumed and over-powered by it. Money is a servant, not a Lord.

CAPITALISM – is that form of economic activity, or that system of economics, that seeks to build and generate Capital Pools, or reserves of money, that can thereafter be employed to build businesses, funneled into investments, grow and expand enterprises, etc. and thereby generate even more Capital and ever larger reserves of Profits. Capitalism depends on the fact that money is constantly invested and employed and that new ventures and enterprises are continually started and grown so as to continually create New Wealth. Capitalism also depends heavily upon Free and Unfettered Markets.

 

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THE HOARDS

ACTIVE HOARDS

Always make ongoing use of and constantly develop your hoards for an unused hoard is useless and an undeveloped hoard has no value.

 

ABILITY HOARD – every ability, capability, skill, and talent that a person possesses and develops in life

ACHIEVEMENT HOARD – every good and worthwhile achievement or enterprise that a person ever accomplishes

CHARISMA HOARD – all beneficial influence and powers of persuasion an individual possesses to sway others to participate in worthwhile endeavors

CHARITY AND PHILANTHROPY HOARD – all charitable and philanthropic works that one engages in to assist others

CREATION AND WORK HOARD – everything of value that a person creates, and all of the valuable Work that one ever does over the course of life.

ESTATE AND LAND HOARD – all estates, lands, and real properties that one owns or controls

INVESTMENT HOARD – all good and profitable investments that a person is engaged in or is participating in

RELATIONSHIP HOARD – all beneficial relationships which an individual may rely upon for advancement, comfort, friendship, and support

TREASURE HOARD – all objects, things, or possessions that are of economic, monetary, and physical value

VIRTUE HOARD – all of the Virtues that a person possesses and can command within his person

BLESSINGS, HEIRLOOMS, LEGACIES, AND INHERITANCE – all of the blessings, heirlooms, legacies, and inheritances passed down by one individual or one generation to another

REAL WORK

Being my own boss and working for myself from my home office is by far the hardest, most laborious, and most time consuming Work I’ve ever done. It is also, by far, the most enjoyable, lasting, meaningful, and profitable Work I’ve ever done. It is, in either case, Real Work, and a lot of it.

You should carefully plan for and prepare for all of the challenges expressed in the post below, and for many other difficulties not listed, such as the hiring of employees, and agents, growth and capitalization, emergency financing, supply and logistics, regulation, taxes, profit development and taking, investment, savings, wealth generation, etc, etc.

The author of this post is also very, very right about the dangers of becoming physically sedentary, weak, out of shape, and fat. Because of the immense work load and time demands of being self-employed your entire day might easily disappear without any thought of exercise or care for your physical body. You have to guard against that with a good exercise program of your own and you have to incorporate that exercise program into your daily work schedule in the same way you would make time for marketing.

5 Critical Things No One Tells You about Working from Home

Working from home seems like one of those magical jobs we picture ourselves doing as children – you sit around the house, get some work done, take as many breaks as you want, save money on transport, you don’t have to stress out about clean shirts or being late, etc. This is true to some extent and being your own boss can be a very enjoyable experience, but working from home is far from the idealized fantasy most people picture in their mind. Not having any direct supervision carries its unique set of problems that you will need to be prepared for. Some of these things don’t get mentioned very often, and although they are not necessarily deal breakers or meant to dissuade people from considering a career in freelancing, it is important to understand what you are getting into. Here are the five biggest points you’ll need to take into account.

You’ll need to have some money in the bank before starting a freelance career

Being a freelancer isn’t exactly a sure thing, nor can you expect to start making some serious money straight away. It takes time to set up accounts, look for clients, hone your skills and build up a reputation for yourself. Networking is also a big part of the picture. The point here is that it can take several months to start getting clients regularly, establish a decent reputation and earn enough money on a monthly basis to get by. It may even take a year to get to where you can pay the bills, feed your family and still have some money left over for a bit of luxury, all on your freelance wages. This is why it is important to treat the whole thing like a startup, rather than a career change or a nine to five job. Having enough start-up capital will enable you to support your family during the initial stages and invest in things like premium accounts and connections on major online freelance platforms.

It’s very easy to get lazy and out of shape

Not having to commute has its benefits like saving money on transportation and food and wasting less time on getting ready and traveling to and from the office. The negative side of it is that you won’t have any real need to leave the house much, if at all. Because you will be working and relaxing at the computer, you are at great risk of becoming a lazy couch potato. Once ordering takeout, walking around in your pajamas, beers during work hours and spending several hours at a time in a chair become a regular thing you can kiss your health and fitness goodbye. The only way to avoid becoming out of shape and having aching joints is to schedule regular workouts throughout the week, set up alarms to remind you to get up and stretch out every hour or so and to be very careful about what you eat. It’s incredibly easy to trick yourself into believing that you don’t rally eat that much, so having a salad or some fruit instead of a sugary snack or pack of potato chips and looking at a few nutritional labels here and there is very important.

You need to set up an effective work environment

If you just put your laptop on the table in front of the couch and call it your work station, you will soon lose all focus. You need a professional work environment, a home office that you can step into and clearly separate your work hours from leisure time. It doesn’t have to be much – a functional desk with a few drawers, a few notebooks and pens lying around, your computer and printer set up comfortably, a sturdy and ergonomic office chair and a lamp are enough. You can set up in a corner of a room, preferably near a window for some natural light, and add some decoration, perhaps a plant, so that it feels like an office desk, rather than a teenage gamer’s desk with a few work-related notes scattered around.

Being your own boss means constantly finding ways of staying productive and motivated

Even if you take all the precautions and create a truly professional-looking work environment, there will still be plenty of distractions – the internet you are using to look for new clients or do research being one of the biggest. You’re never more than one click away from Procrastination City, and you’ll need to work hard to stay motivated and keep your mind focused on the task at hand. Taking regular breaks to clear your head can help, and so can making coffee and remembering to eat regularly. Plastering reminders and motivational posters around your home office is another viable tactic, but ultimately, you will have to learn how to deal with distractions and have a short and stern talk with yourself at least 3-4 times a day in order to stay on track.

Getting organized and managing your projects efficiently is the key to success

Getting distracted, forgetting about a deadline, mixing up clients and miscommunication can all happen to any one of us, but when you’re working at home it’s much easier to get sidetracked or let your schedule become a chaotic mess. Start with the room you work in – keep it clean, spotless even, and make sure that everything has its place. Next, make sure that your desk and immediate work area are organized and that you know where to find everything, the most important things being within reach and easily accessible. Then get your work schedule in order. Get a big calendar, a whiteboard and sticky notes and make sure you have all the essential information about your current projects clear in sight when you sit at the desk, making sure to mark deadlines and have reminders and alerts. Being able to stay organized and juggle different projects effectively is the key to success for anyone working at home.

Working at home isn’t a walk in the park like some would imagine, and neither is it a one way ticket to a land of procrastination and broken dreams – you can earn a good living without ever living your house, but you’ll need to stay focused and deal with a few issues before you can become successful.

THE NEW START UP CLUB

  The $5 Billion Startup Club: The 9 Highest Valued Startups That You Should Definitely Keep An Eye On

dollar billsMark Wilson/Getty ImagesBillions of dollars are flowing into these startups.

There used to be a time when a $1 billion valuation was considered a massive success for tech startups.

But in recent years, there’s been so many of them that billion-dollar valuations are almost starting to feel routine in tech.

So we’ve raised the bar and narrowed down WSJ’s “The Billion-Dollar Startup Club” list to companies that are valued at more than $5 billion.

These startups are transforming our lives and they’re definitely worth keeping an eye on moving forward.

MULTIPLYING BOTH PEOPLE AND PROFIT

Concur.

It has been my personal experience that profits wisely shared with Wise Employees only serve to multiply profits.

 

Why The Container Store Pays Its Retail Employees $50,000 A Year

Kip TindellAP/Mark LennihanThe Container Store founder and CEO Kip Tindell.
Despite starting out with just a $35,000 investment in 1978, The Container Store founder and CEO Kip Tindell has grown his business to one that has 67 US locations and rings up annual sales of nearly $800 million.

 

Equally impressive is the fact that he’s done all that while paying his retail employees nearly twice the industry average.

 

According to Tindell’s book, “Uncontainable,” the average Container Store retail salesperson makes nearly $50,000 a year compared with what the Bureau of Labor Statistics says is a national average of just above $25,000.

 

In an interview with Business Insider’s Jenna Goudreau, Tindell says the secret to the company’s high wages is what he calls “the 1=3 rule,” meaning that one great employee will be as productive as three employees who are merely good.

 

As a result, Tindell feels he gets ahead by receiving three times the productivity of an average worker at only two times the cost.

 

“They win, you save money, the customers win, and all the employees win because they get to work with someone great,” he tells Business Insider.

PROFITS AND THE PROPHETS OF PROFIT

My daughter is young and has recently had a few new jobs. These are her first jobs (entry-level) and we are letting her work some during her gap year between graduation and college. She was not allowed to work during the time she was homeschooled and prior to graduating High School.

(This is the way my parents did it as well, although I was not homeschooled. That is to say that I was not allowed to work a real job, except during the summers, before graduating High School although on the weekends as I got older I would often sneak off on my own and work secretly without them knowing of it.)

Anyway, that aside being what it is, my daughter has recently held a job at a deli preparing food. At the close of each business day any food not sold must be disposed of. And so they do. By throwing it away like garbage.

Now I fully understand as both a business and a health matter that any food that might be rotten or unsanitary in any way must be disposed of in this way. But what about the food that has simply gone unsold during the day’s normal business operations?

Many employees have written to the owner of this particular establishment asking, even begging, that this food not be disposed of meaninglessly but rather be donated to public shelters or to the homeless or the poor.

The owner’s answer to these requests has, so far at least, always been along these general lines, “I pay for the food and pay my employees to prepare and sell the food for a profit, if I give the left-over food away for nothing I make the same profit as if I just throw it away (that being none) so it is easier to just throw it away.”

Now I fully understand that as businessman this can be a somewhat complicated and even tricky issue for several different reasons. First of all, you have individuals, people who could easily work to make the money to buy their own food but choose not to harassing you all of the time for “free food,” especially at closing time. Many people nowadays feel as if they are owed something and will happily beg and live a life of outright dependency simply because they can, not because they must or should. They wish to be a consumer of society only, and never a real producer. How do you avoid encouraging or promoting this disastrous habit (and it is a disastrous and malignant habit – both individually and societally) by giving away free food to undeserving recipients?

Secondly you might very well end up with several organizations vying for your leftover food, and how do you determine who is truly needy or in the most need. (This might be the organizational equivalent of the undeserving individual, or it might simply be an honest contest between equally needy or equally responsible organizations.) Indeed nowadays you might even inspire bad publicity from one organization or another offended that you chose another cause over them in their quest to obtain your leftover foods.

Third, as a businessman (or as anyone who has ever started-up or run their own business or company) I know that there is the simple but sometimes daunting logistical problem(s) involved – how is this left-over food distributed, to whom, where, and when?

Finally there is the liability issue. Suppose some of your donated leftover food is consumed by someone who becomes ill, and regardless of whether it can be reliably and scientifically established that your organization was at fault, or not, you might still face a lawsuit or at least the threat of one at some point in the future?

Now, as I said above I am fully aware of the difficulties involved in giving away free and left-over food in this manner. I happen to agree that all of the points I addressed above are valid concerns and worth consideration. They are all liabilities arguing against the giving away of free and left-over food at the end of each business day. (And since food is an immediately perishable item it is difficult to store and properly retain, it is not like simply putting paper products into inventory. Food must be used and used quickly, or it will be wasted. Therefore it has a very short-lived half and shelf life.)

However, all of that being said and true, I am nevertheless both a Cristian and a Capitalist. In either case I do not believe in or find it to be a good business or personal or economic or even spiritual practice to needlessly waste perfectly good resources (even if those resources have a very short useful shelf-life).

And to be perfectly honest there are viable and workable solutions to each problem I listed above. You could rather easily (though it may take some time and experimentation) develop a relationship with reputable non-profit organizations that assist and feed the homeless, the helpless, the poor, the wounded veteran, or the medically disabled. You could develop contractual agreements with such organizations that state that they accept any left-over foods at their own risk and that you are free of liability.

(An unnecessary risk you say, and not worth the effort? Well, anyone who works with food knows that sooner or later, either through the food itself or through the employee handling it, you will make a customer or client ill, possibly even, though no fault of your own – such as undetected infection at a processing plant – kill someone with the food you serve. Tragic accidents such as those occur all of the time handling food, and although people don’t like to even honestly and realistically consider the idea, it is true. Sooner or later, whether the food be sold or given away as free leftovers, someone will be made sick or worse by consuming it.)

As for encouraging unnecessary and counterproductive dependence in the lazy and slothful, that will require a policy similar to that of determining the best organizations to work with in distributing the leftover food. You don’t want to give your leftover foods to the lazy and irresponsible but to the deserving, hard-working, truly indigent, and responsible end-user. But that can be done.

Finally, as regards the logistical problem(s) you can insist that anyone that takes the left-over food do so at their own expense, that they provide their own pick-up and transportation services so that this does not eat into your own profit or disrupt your own business operations. The risks might seem great at first glance, but each problem is soluble and just to be honest all of life and all of business is, by very nature, risk. Modern people might not like to hear that, they might do all they can to flee risk or to mitigate risk (and mitigating truly reckless risk is always wise, mitigating all risk always foolish) or to simply avoid risk, but the truth remains business and life itself is risk. That’s just the way life works. Many modern people don’t like that fact but it still remains, and will remain for the foreseeable future, a true and unavoidable fact. Business is risk. Life is risk.

Now let me return to the fact that I am both a Christian and a Capitalist.

As a Christian I am in no way in favor of unnecessarily wasting resources, especially resources that given our current national and world economy people are both in desperate need of, and which are perishable and not immediately replaceable or retainable (to many at least). As a Christian I do not want to encourage dependency but personal productivity, and the useful and vital employment of each individual’s particular talents. That is one reason we exist as human beings, to make best and most productive use of our individual human and God-given talents. Yet I am also fully aware by both simple observation and personal experience that individual people fall on hard times, become injured or ill on occasion, or become faced with some problem (sometimes unwittingly, sometimes through no fault of their own) that they cannot solve alone. That is exactly when charity is most needed and most effective. Therefore it behooves the Christian businessman, or any businessman, to remember those salient facts of human existence. And to assist others whenever and wherever and however they can. This is not only a business matter, it is a moral matter.

As a Capitalist I am also acutely aware of this Truth – the injured or ill man, the needy man, the indigent man, the man who yesterday or today was down on his luck or awash in unfortunate circumstances may very well tomorrow be the successful man, the profitable person, the businessman, a potential partner, or even a wealthy client or customer. Capitalism feeds itself in this way, as it should, for it is not a static and self-consuming economic system (when functioning properly and when properly applied) such as socialism, but a dynamic and vital system that continually makes millionaires of paupers, and sometimes paupers of the wealthy. Therefore as a Capitalist it is a reckless and entirely self-defeating act to ever senselessly waste vital and useful resources; especially much needed resources that perish quickly. Resources that could save and rebuild lives. Just to be honest to waste food is an entirely anti-Capitalistic idea because contrary to the current and popular misconception of Capitalism as a purely profit-driven (in the low sense of the term) and inhuman mechanism (it is definitely not) it is always actually an entirely voluntary exchange of free human motivations and drives seeking both best self-interest and the best self-interest of the other in commercial and social exchange. For if your client and customer always remains indigent and poor and ill and incapable then he is also too indigent and too poor and too incapable to purchase your own products and services. Especially your best products and services. In other words the poor client or customer is not a good client and customer, whereas the wealthy client and customer is a good client and customer (in a business and commercial sense). Therefore the Wise Capitalist seeks communal and mutual Profit, not just individual and personal Profit. The True and High Minded Capitalist is like the True and High-Minded Christian, he knows that the better off is the Other Person, then the better off is he himself. And it will always be that way. The profits lay in the margins of advantage between the Self and Other, not in the separating disadvantages between the self and the other.

Therefore my conclusions in this matter are that it is both a senseless and anti-Capitalistic act to dispose of and waste food such as my daughter’s employer and business owner does, and an immoral and un-Christian act to do so.

This is not even to mention the obverse of the equation: the possible enormous public relations advantages that might be gained by being widely known as a responsible, morally-driven, and socially beneficial company or corporation as well as a highly-profitable one, both now and in the future.

I am writing this article therefore, and this is far from all that might be said on the issue (as a matter of fact this might even become an Interactive Essay on the issue, and perhaps it should), so that currently operating companies and corporations can take a good and honest look at their own operations in this regard. Are you needlessly and senselessly wasting valuable customer, human, and property resources merely because you have a misguided conception of both Capitalism and Profit, or merely because you fear risk in making and developing your True and Foundational Profits?

Because if so then I say to you, my friend, “there are profits, and then there are Prophets of Profits.”

Be not a slave to mere profits, but rather a Great Prophet of High-Profits. And you will discover that as a result not only you, but the whole world will thrive.

THE 3 DAY WORK WEEK… NO THANK YOU

Not for me it won’t. I may be a kind of throwback but Work is far too enjoyable and far too important a part of my very Nature for me to limit it to 3 days per week. As a matter of fact I often Work 7 days a week if you count having ideas and making notes about projects I intend to later pursue.

I cannot imagine only wanting to work 3 days per week or how unfulfilling that would be, but to me it would be extremely unfulfilling. Now if someone wants to pay me 7 days worth of compensation for 3 days worth of Work and effort than that is fine by me, But I would not simply screw away the other two days. I’d find something productive to do with them, and  Work on that thing.

By the way simply having more time will not buy you more opportunities, more things, or more useful and fun activities or experiences. More money allows you to buy more control over your time, but more time alone will not purchase anything other than unproductive and wasted time.

More money will allow you to purchase more control of your life, but more time without more money will purchase nothing in itself. It is the time-to-money-ratio that is the pathway to profit and control of your time and resources, not the time in exchange for money ratio.

 

Carlos Slim: The 3-day work week will happen

October 8, 2014: 12:11 PM ET

The richest man in the world thinks you’re working too much.

Carlos Slim, the Mexican telecom tycoon worth over $80 billion, believes life would be better with a three-day work week.

“You should have more time for you during all of your life — not when you’re 65 and retired,” Slim told CNNMoney’s Christine Romans on Tuesday.

But if Slim had his way, people would also work longer days and much later in life. He suggested 11-hour shifts and pushing the retirement age to 75.

Slim raised eyebrows over the summer by calling for a three-day work week, but he doubled down on that proposal on Tuesday.

“I am sure it will happen,” the 74-year-old told CNNMoney, though he conceded he’s not sure when.

While “machines should work 24 hours and services should work as much as possible,” Slim said people deserve more time for entertainment, family and to train for better jobs.

Related: World’s shortest work weeks

He also believes the radical change would give younger workers more opportunity to enter the workforce and be a positive for the economy and financial markets.

“It’s a society of knowledge and experience. You have better experience and knowledge when you are 60, 65 and 70,” Slim said.

The $83 billion man: It’s an interesting idea considering the source: a self-made billionaire who Forbes estimates is worth about $83 billion. Slim has been alternating the crown for the world’s richest man with Microsof (MSFT, Tech30)founder Bill Gates, whose wealth is valued at nearly $81 billion…

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