Search results for fiscal fitness

The 11 Commandments of Fiscal Fitness

Posted on: Tuesday, December 23rd, 2008
Posted in: | 10 comments

(Because ten is not enough)

For most folks, money (or lack thereof) is the primary stated reason why they can’t manage a BreakAway. It’s true that amassing and managing the necessary funds can be a challenging task. But it needn’t be complicated or painful. Here are some simple suggestions to help you get ahead—so you can get away.

  • Live under your means—no matter what that means.
  • Save 10% or more.
  • Gradually sock away months, then years, of living expenses.
  • Max out on matching programs, good IRAs, and other no-brainers.
  • Get tax smart.
  • Know when the price tag is too high—financially, environmentally, and ethically.
  • Know credit—or no credit!
  • Invest your long-term assets as aggressively as you can stomach. (Long-term means at least five years.)
  • You can’t take it with you—so plan to have nothing to take.
  • Nothing appreciates in valu

BITN: Try New Things TODAY; Barcelona Sez NO!; Travel & CC’s UP!

Posted on: Tuesday, November 19th, 2024
Posted in: Rants & Roadkill, Sabbatical Shuffle, Spendology, BITN | Leave a comment

Bored? Burned-out? Over-booked? Give yourself a daily BreakAway and try something new TODAY!

These days, there’s always news about BreakAways. Here are a few that have been grabbing some eyeballs of late…

  • 30 Days to Living Free

Multi-media star Tabitha Brown needed more to do—or was feeling trapped in all she already had to do—so she came up with the idea (and book) I Did a New Thing: 30 Days to Living Free. Shrinks and other burn-out experts warn us that too much routine can = stress. And Brown’s book packs lots of easy ideas that remind us, to paraphrase George Clinton, to: Free you ass, and your mind will follow.

  • Barcelona Says ‘Go Home!’

Last summer (and now and then since), a group of protestors sporting water guns has been marching to protest the invasion of tourists. Can’t blame ‘em. I mean, when my daughter’s friends from diff

Big Media Reports on Big BreakAways!

Posted on: Thursday, September 26th, 2024
Posted in: HR FYI, Sabbatical Shuffle, Work/Life Hacking | 2 comments

This Swedish yacht—and countless young corporates—are ready to sail away on Sabbatical. 

Earlier this month, Apple News picked up a story from WSJ about our fave topic. For those (like myself) who have been preaching this gospel for 30 years, the article inspired both validation and woe—since that sort of fame has eluded me, though the sabbaticals themselves were the true motivation and most bounteous reward.

Penned by Cady North—an FA who recently completed her own 1-year hiking hiatus—“The Art of the Sabbatical” covers the usual challenges and costs, but with some freshly updated data, like…

• 80% of college students say that they’re open to time off or a volunteering break after graduation.

• If you make ~$90K/year and take one sabbatical per decade during your career, your IRA will likely be worth ~$650K less at age 65.

• S

BITN: Apple Crush Flops; Voice Notes Soothe; Credit Goes Crazy

Posted on: Thursday, June 6th, 2024
Posted in: Rants & Roadkill, Spendology, Unplugging, BITN, Wily Mktg | Leave a comment

This post features some thunderous rants. But know that there’s usually a rainbow—or two—at the end of the storm.

  • Apple iPad ad blows it

UNPLUGGING. That’s where it’s at…I write from my MacBook Pro while my iPhone buzzes beside me. But seriously, playing piano, reading a book on a hammock, creating art with your hands—these things are the REAL BreakAways that calm the nerves and soothe souls. Apple should embrace this.

Most folks have a love/hate relationship with Apple. But the loathing side hit a fresh low with the recent release of the iPad Pro TV ad. Just watch it. A hydraulic (that must represent iPad) crushes all kinds of creative and playful items: TV, camera, paint, games, guitar, record player, books… BOOKS!

The obvious message is if you buy a new iPad pro, you don’t need those things any more. In fact, let’s just destroy th

BITN: Debt Rits Roof; Homey Gap Years; Retirees Reeling

Posted on: Monday, February 26th, 2024
Posted in: Spendology, Work/Life Hacking, BITN | Leave a comment

Are ‘kids these days’ lazy, entitled, and floating? Or are they truly having a hard time finding financial independence? To find out, jump in and read on…

BreakAways in the News has been on, well, on a BreakAway for a while. As usual, we partially blame the interns—who are still discovering their inner work ethic, fascinated by their phones, and often taking advantage of our generous mental-health leave bennies. (And some still live at home!)

Speaking of mental health…though it’s true that travel is BACK—just check out airfare prices—it’s also true that behind that bright & shiny first-class section, the overall financial health for Americans is rather dark. Here are 3 quick stories designed to keep us aware and inspire that commitment you toasted to on 12-31-23 for better fiscal fitness…

Co

D-Day Clock; Long Covid; Living P2P

Posted on: Wednesday, February 1st, 2023
Posted in: Sabbatical Shuffle, SoulTrain, BITN | Leave a comment

Have we entered dystopian times? This skull—and some other sources—seem to think so.

BreakAways in the News (BITN) is back after a short sabbatical. Thanks for your patience…

The interns continue to pile up clippings that relate to our attempts to BreakAway from the things that ail us (more on that shortly) and leap into leisure, calm, and getting away from IT all. Here’s out take on a few of the latest news bits…

  • We’re 90 seconds from … THE END

A Peter Sellers movie? Monty Python, perhaps? No, it’s a thing. The Doomsday Clock, as set by the Atomic Scientists, recently was turned forward from 100 seconds to 90 seconds. Until midnight, AKA the end of…time.

The D-Day Committee (which includes experts in all things nuclear, climate, global health, etc.) meets twice a year, as they have since 1947. And their optimism keeps waning. Consid

BITN: Ellen D Takes Break, Gangnam Icon Ends His + Oprah²

Posted on: Thursday, June 2nd, 2022
Posted in: BITN | Leave a comment

Drifting whitefish? No! A symbolic shot suggesting even our 3 superstars need floating time.

After 3,000 episodes (and we KNOW you didn’t miss any!), we wave goodbye to our good friend, Ellen. That’s right, Ellen DeGeneres is taking an actual Career Break—”to Rwanda for the opening of her gorilla campus,” with a troop (which happens to be what a group of gorillas is called) of her peeps—who will meet up with a troop of gorillas!

Ellen D is heading to Rwanda for the opening of her gorilla campus.

THEY say Ellen “owned” her own show, which is what kept her from taking a more prestigious late-night slot, where Stephen and the Jimmies catch more eyeballs but pocket much less $. It’s also how she has allegedly amassed more than $500,000,000. Doh! 

BreakAway preaches saving money. So we are proud of Ellen for following our fool

FOTOFRIDAY: Weird Weather Offers Ice Kayak BreakAways

Posted on: Friday, December 17th, 2021
Posted in: Rants & Roadkill, SoulTrain, Unplugging, FOTOFRIDAY | Leave a comment

If you conquer fear, you can do dangerous things worry-free! 

As I write this near St. Paul, news radio keeps telling us about yesterday’s weather records: Highest temperature; highest dewpoint; first December tornado(s); first December tornado and severe storm warnings.

Most peculiar. And, as some might say, just another sign that we are in the End Times. If so, there’s a certain relief in that—since most of us have found planning ahead perplexing lately, if not laughable. The 11 Commandments of Fiscal Fitness on this site offers a big-pic, life-loving approach to designing the future. Perhaps it’s time to pen the parody?

Meanwhile, this lake lover ditched the tech-desk and took advantage of recent unseasonal ice thaws—brought on by oddly hot days and strong winds. Only part of the lake turned back to water, so that’s the pa

BITN: Billionaires & Sexless Women BreakAway Bigtime; Americans Broke!

Posted on: Saturday, January 12th, 2019
Posted in: Sabbatical Shuffle | Leave a comment

Start seeing Career Breaks! They’re OUT there, perhaps calling YOUR name. While the interns have been busy digging up these highlights, the first story hardly requires a bevy of underpaid minions—because it’s getting a LOT of online ink. Clearly, human nature remains fascinated with the rich and fabulous.

Did you know that the top 1% worldwide now has more $ than the rest of us combined? They must find that boring. So they’re seeking rare-critter safaris (with helicopter spotters to make sure they don’t get skunked), dancing with the sharks, and RTW family adventures with nannies and tutors in tow.

In general, the more exotic and extraordinary the itinerary, the better. Think: Bragging rights. This story going viral proves, we believe, that the even 99%-ers (who m

Recession Forecast: Dark & Stormy

Posted on: Thursday, September 20th, 2018
Posted in: Spendology | Leave a comment

After a long and self-indulgent break, the Spendology category is pleased to get off the recliner and return to the turf of BreakAway. And thus ends the good news—and the party. Because we are here to predict that the U$A is exactly two years away (or less, maybe much) from the next recession. Duh.

Market timing remains a foolish and dangerous sport. So “SELL” makes little sense. But neither does “BUY.” So here’s our best recommendation: “GO!”

  • Life is what happens while you’re busy making other plans (or not)

Stick to your plan, of course. If you have one. But if you’re like most Merrkuns, you don’t. Even worse, a recent LAT article made a painfully compelling case that most of us have not improved our fiscal fitness since armpit of the last downturn. Yep, despite the longest uptick in our history, our national personal debt has actua…