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Survey Sez: Home & Retirement Values Look Bleak

Posted on: Saturday, September 26th, 2009
Posted in: Spendology, Blog | Leave a comment
RAROV_1_2

photo by Kirk Horsted

This darn recession shows little sign of mellowing. Oh sure, the economic indicators and trading markets look better. But without the infusion of massive (borrowed) cash courtesy of Uncle Sam, we’d still be sinking. Just ask the Average American—who volunteered this depressing assessment of their major holdings…

  • 25 percentage of Americans who owe more on their mortgage than their home is worth
  • 70 percentage of Americans who aren’t sure they’ll save enough for retirement
Is there a silver lining here? Possibly, but remember that silver isn’t worth much compared to America’s gold-standard lifestyle. Perhaps the best hope is that the cycle has to end someday. And then home prices will again start rising, mortgages will seem more worthwhile, and retirement accounts will be both higher in value and priority.

Coupon Clipping Makes a Comeback

Posted on: Friday, September 25th, 2009
Posted in: Spendology, Blog | Leave a comment
Thanks to the miserable economy, coupons — like board games and family dinners — have made a comeback.  Who’da thunk it?  Coupon clipping peaked in 1992 and then nearly died off.  But usage rose 23% in the first half of this year and could nearly double next year. 
 
This recent NYT story cites these interesting trends…
 
  • The affluent led the rally; households earning more than $70,000 are the top users
  • Printable website coupon usage is skyrocketing, thanks to sites like redplum.com and coupons.com
  • In tough economic times, people like the feeling that they’re doing something to survive and thrive—rather than just getting all depressed and whiny
 
Great, but don’t forget to save for sunny days…
 
If consumers also practiced such discipline and diligent pennypinching when times were good, perhaps they could enjoy more vacations, weekend escapes and even three-month BreakAways.  But with any luck, these good habits can last even when the wealth effect makes folks feel flush again.  We can only hope…
 

Survey Sez: We’re Smothered With Stuff

Posted on: Saturday, September 19th, 2009
Posted in: Spendology, Blog | Leave a comment
The suffering economy may be leading people to couponing and cocooning, but we’re still suffocating in stuff.  Gosh, when I recently took some high-quality clothes to a local consignment store, they rejected almost all of it.  “We just can’t handle any more inventory; we’re stuffed!” the manager told me. 
 
If the stuff surrounding you seems to be growing like a fungus, you’re not alone, as this Zogby Interactive survey suggests: 
 
  • 22 Percentage of U.S. adults who have given away more than 10% of their belongings because they were no longer needed
  • 17 Percentage who said they gave things away in the past year because they have too much 
  • 28 Percentage who said they had given away more of their belongings in the past year than they had previously
 
Let’s face it:  We’re not addicted to love (as the song says), we’re addicted to stuff!  And shopping!  No doubt there are cultural reasons (the buy-buy messages never stop, and shopping is social), and probably some psychological ones (retail “therapy” and oh, the joy of the purchase!). 
 
Nonetheless, imagine how much more money we’d have if we could limit our addiction.  And with that extra money, we could slow down, buy some time and give ourselves a BreakAway. 
 
After all—as we say on this website over and over—the best investment you can make is in good memories.  Because nothing appreciates more over time. 
 
No, not even your stuff. 

BA Impetus 1: You Done Somebody Wrong (Right, Kanye?)

Posted on: Tuesday, September 15th, 2009
Posted in: Rants & Roadkill, Blog | Leave a comment
How many reasons are there to take a BreakAway?  With this new series, let’s find out, one by one.  For Kanye West, a spontaneous inspiration arose when he rudely interrupted Taylor Swift’s acceptance speech during the MTV Awards to diss her and declare Beyonce more worthy.  Whatever…but now he needs a little Shame Sabbatical. 
 
Work, Work, Work
 
Poor guy.  Kanye works so hard he seems to forget to take time to practice good manners.  As he reflects on the Jay Leno Show, he’ll use this blunder to unplug the fame machine, learn from his mistakes and, well, grow up.  According to the man himself:
So many celebrities, they never take the time off.  I’ve never taken the time off to really — you know, just music after music and tour after tour. I’m just ashamed that my hurt caused someone else’s hurt. My dream of what awards shows are supposed to be, ’cause, and I don’t try to justify it because I was just in the wrong. That’s period. But I need to, after this, take some time off and just analyze how I’m going to make it through the rest of this life, how I’m going to improve.”
 
President Obama Calls Kanye a “Jackass”
 
One good gaffe deserves another, eh?  President Obama—off the record—responded to Kanye’s actions by calling him “a jackass.”  The comment was not intended for public dissemination.  But of course, we all know that in this digital day and age, no secret is sacred.  Especially when you’re the most powerful person on the planet. 
 
The President will learn that soon enough (or he, too, may need a Sabbatical!).  Meanwhile, we hope Kanye has a great break—really—and that others singing the done-somebody-wrong blues will consider taking time off to apologize, ponder and heal. 
 

BABT9: Back to School Basics

Posted on: Thursday, September 10th, 2009
Posted in: SoulTrain, Blog | Leave a comment
In the autumn, changes fall like leaves from trees.  The effect can be chilling—especially if you were enjoying a warm, summer groove and your family has a full fall plate.  

But autumn is also a good time to get back to some life goals and projects.  So if you’re raising children, don’t just phone in fall.  Harvest the opportunities and potential.  This week’s BreakAway BreakThrough offers some suggestions.
 
BABT9:  Back to School Basics11 Ways to Make Fall Functional & Fun
 
  • Allow some weeknights to be NOT routine.  Have friends over, play a game, see a movie.  
  • Teach useful life skills like putting out clothes the night before, making the bed in the morning, and packing a healthy lunch. 
  • Want to paint, pound, write?  Follow your offspring back to class yourself. 
  • Be the solution:  Volunteer at your kid’s school or wherever more heads are needed. 
  • Make homework a priority—not a punishment—and help out.  (You may relearn many things you have forgotten!) 
  • Schedule BreakAways to avoid a gruesome grind; plan vacations and breaks and use them as carrots and rewards. 
  • If your children have activities, be a supportive parent—but try not to let youth orchestra or hockey become too penalizing. 
  • Talk about the last and next summers; embrace the seasonal differences and plan cool stuff as an antidote to the school-year schedule.
  • Remember that book learning is only part of the experience; take a daily interest in social, emotional, physical and spiritual development. 
  • Relax:  Let every day have some down time and join in on the goofing off and loosening up. 
  • For God’s sake, say a prayer at bedtime and preach good sleep. 
  • Keep education in perspective:  Your kids can thrive even if they don’t become valedictorian or get a Div-1 scholarship.  (Just like you!) 

No Rest for the Learned: Professor Sabbaticals Stir Controversy

Posted on: Friday, September 4th, 2009
Posted in: Sabbatical Shuffle, Blog | Leave a comment
Seems some things just can’t stay sacred.  As this NYT blog story shows, even the college sabbatical is coming under fire.  Why?  Cost, of course—as people bemoan the ever-increasing expense of education.  This post brought hundreds of responses by folks on all sides of the argument. 
 
Here’s a taste of the sweet-sour sabbatical dispute.   First, NYT writer Jack Kadden discusses comments by the president of Lafayette College, Daniel Weiss, who defends two practices that seem to infuriate critics of the high cost of college: sabbaticals for professors and the growth of non-faculty staff.  Weiss says:
What parents should be looking for is the opportunity for their children to have their lives transformed by what happens inside the classroom and out of it.  And that can’t come without access to faculty who have had the opportunity to recharge their own intellectual reservoirs.”
 
And here are just a few comments…
 
Most professors have no business going on “sabbaticals” at all and certainly not every six years.”
 
Sabbatical at most places is not a year but a semester, and faculty are expected to do research and, at some institutions, provide evidence of production. Hm, pretty cushy!”
 
As for the sabbatical, of course the root is from sabbath, or rest. Fields were allowed to lie fallow every seven years so that they would be more productive. (The extension of this is the jubilee, which is the year following seven sabbaticals, when sins and debts are forgiven and all may start anew.) It’s not a new idea, by the way, and many institutions other than universities award them; I can’t see how it can be figured into the equation of the current cost of tuition.”
 
As for this culture critic, I say let those profs take a break; the good ones work very, very hard.  But of course, I say let us ALL take a break—if at all possible—in any and every way we can manage. 
 
 

It’s BreakAway Time for Media Elite

Posted on: Wednesday, September 2nd, 2009
Posted in: Sabbatical Shuffle, Blog | Leave a comment
After years of being a media maven—and making millions in the process— mediabistro.com founder Laurel Touby is going on Sabbatical.  Her husband, Businessweek media columnist Jon Fine, will join her—and they plan to blog their travels. 
 
So that proves it:  BreakAways are not just for us modest midwesterners anymore!  Even the rich and savvy long to leave their successful towers.  Peruse the Tweetfest that led up to their departure… 
 
        

  • Yes, it takes years.  But as their blog (about their travels, art, culture and media) will surely boast, it’s SO worth it.  Congrats to the happy couple.  We’ll check in from afar while slurping green jello. 
 

 

 

 

 

 

 

 

 

NYT Mag Declares “Facebook Exodus”

Posted on: Sunday, August 30th, 2009
Posted in: Unplugging, Blog | One comment
Read all about it:  Maybe Facebook is just another fad—destined to go the way of the CB radio (Go ahead break!)  In this short but expert article, Virginia Heffernan describes the not-so hidden motives of FB, including to create profiles of YOU as a CONSUMER and compete with Google.  Some former enthusiasts have had enough, and are happily moving on. 
 
Why?  Here are some of the reasons cited…
 
  • “One person…disliked how nosy it made her.” 
  • “Another thought the scene had turned desperate.”
  • “A third feared stalkers.” 
  • “A fourth believed his privacy had been compromised.” 
  • “Facebook is the devil.” 
  • It “felt dead.” 
 
Heffernan describes that FB has had a handful of waves of quitters.  Believe it or not, one happened when copyright problems caused FB to stop offering Scrabulous.  Another group got annoyed by the way FB claims ownership of user contributions.  Some just lose interest.  And others—my favorite reason—get “creeped out.”  Ish! 
 
Some of us have a healthy/unhealthy love/hate relationship with FB and its many kissing cousins.  Sure, it’s easy to get lost (for hours) carousing on, as some call it, a “timesuck.”  But when that experience ends, was it fulfilling?  Did we truly connect with anyone?  Could a beer with a friend or a phone call to a loved one possibly be more meaningful? 
 
Decide for yourself.  But for the sake of your other myriad interests—and that friend and loved one—remember to unplug now and then.  After all, real roses smell so much better than fake ones. 
 
 

Been there. Did that. And loved it.

Posted on: Tuesday, August 25th, 2009
Posted in: Sabbatical Shuffle, Blog | Leave a comment
Sabbatical Soulmates, we call them.  In this case, Wayne and Megan Davies, a Calgary couple, and their two kids ditched big-city life to escape to Costa Rica for a year.  Their insights are familiar, yet profound.  Check out their story for a glimpse into the paybacks, drawbacks and—perhaps the hardest part of all—the comeback.
 
Or if you prefer, here’s the condensed version, plus brief comments…
 
The feeling of balance and serenity we’d so desperately sought, and found, is already gone, swept away in the pace of this frenetic city.”    
…Yep, the comeback can be crass, but it’s still so worth it. 
 
In many ways, moving abroad is the new sports car of the mid-life crisis.”  
Although some rare birds fly off on BreakAways throughout life, a mid-life crisis may offer serendipitous alignment.  And really, it can be so much more beneficial than, say, an affair, a divorce, or even a Porsche. 
 
The couple discussed taking time off before, but it was the sudden death of a friend, diagnosed with cancer at age 54, that spurred them into action.”  
It’s easy to get complacent—or too patient.  But life can implode in an instant.  So get going when the going is good! 
 
It took about six months to find the perfect balance.”  
A sabbatical is not a sure shot to bliss.  That’s why giving yourself as much time as possible ups the odds of finding ultimate enjoyment. 
 
As a family, we bonded closer than ever as we trekked into unfamiliar emotional territory and over geographical borders.”  
There may be no better way for a family to get connected than to disconnect from the daily agenda. 
 
The longer we were gone, the less we missed Calgary.”  
Although many people claim to “love” where they live, this family proves it’s easy to fall in love with the larger world too.  There’s a lot to love!

BABT8: Big Break Lake Vakay

Posted on: Friday, August 21st, 2009
Posted in: SoulTrain, Blog | One comment
Most Americans know the timeless bliss of getting away to the lake.  I’m enjoying two weeks at my favorite, Lake Okoboji (Iowa) right now.  Amid a menu of docks, pontoons and board games are “new” toys like wifi joints, gi-normous TVs and video games.  Tempting, yes.  But in this weeks’s BreakAway BreakThrough (BABT) I must remind myself of why I am here, and then dive in! 
 
BABT8:  Big Break Lake Vakay … 11 ways I’ll keep the lake break timeless & real
 
  • Find nostalgia.  Tonight, the kids will experience their first drive-in movie.
  • Rest.  For just one day, I’ll mostly sit on the dock, from sunrise to sunset. 
  • Read.  For classic enlightenment, it’s Fitzgerald’s “This Side of Paradise.”  For modern motivation, I’ll ponder Daniel Pink’s “A Whole New Mind.”
  • Play games.  The Boy loves bocce and now knows cribbage; even the Girl finds “Apples to Apples” appealing. 
  • Get wet.  Swim every day; make heroic throws and catches with a tennis ball. 
  • Celebrate tradition.  Dare to ride the old wooden roller coaster at 120-year old Arnolds Amusement Park. 
  • Go local.  I’ll chat up fellow Boji brethren at Harold’s Fisherman’s Wharf, not Godfather’s. 
  • Love rain.  It keeps trees green and lakes blue—and offers the chance to do puzzles, play guitar and take naps. 
  • Try something new.  Okay, I’ll finally climb aboard a Jet-Ski…and likely love it! 
  • Embrace family.  All my living relatives will visit—and I’ll grill up a feast. 
  • Feel music.  I’ll soak up legends like torch-songstress Marilyn Maye, then hit the bars where the cover bands crank it up. 
What’s YOUR favorite summer escape?  Leave a comment please!