Ready for Halloween?! I won’t be taking part in any festivities, just business travel to Oklahoma. But the majority of America, all 161 million of you are planning on celebrating Halloween this year. According to a National Retail Federation survey, we spend an average of $72.31 on decorations, costumes and candy. In fact, this year $1.2 billion dollars has been spent on adult costumes! That means money being coughed up for skanky nurse, pilot, dorthy outfits and so on. CHA-CHING! Happy Halloween!
Financially Yours, Tammy is a movement to increase financial aptitude and stay up to date with current events in an amusing way, it’s the lighter side of money!
Statcounter
Friday, October 28, 2011
Halloween moola
Ready for Halloween?! I won’t be taking part in any festivities, just business travel to Oklahoma. But the majority of America, all 161 million of you are planning on celebrating Halloween this year. According to a National Retail Federation survey, we spend an average of $72.31 on decorations, costumes and candy. In fact, this year $1.2 billion dollars has been spent on adult costumes! That means money being coughed up for skanky nurse, pilot, dorthy outfits and so on. CHA-CHING! Happy Halloween!
Thursday, October 27, 2011
Funny
Here's some quick funnies to start off the Thursday:
Q: How do you know it's going to be a double-dip recession?
A: Greek exports of taramosalata and tzatziki have plunged.
Even the German newspaper Deutsche Welle is poking some fun at its people with this one:
'For 400 euros you can adopt a Greek. He'll stay at your place, sleep late, drink coffee, have lunch and then take a nap, so you can go to work.'"
Thursday, October 20, 2011
Yoga
Are you a yoga fanatic? Taking classes? Spending on yoga gear and fancy retreats? How much are you spending each year? Research shows yoga generated revenues are estimated to hit $3.3 billion this year! BILL-ION! Bloomberg researched the potential cost for a woman living in NY to start practicing yoga and continuing for a year. Turns out the cost comes out to be $ 10,779! Even though this number includes, intro courses, Luluemon supplies, retreats, meditation courses, props, massages, and yoga music, we still think it’s a bit much. Namaste.
Friday, October 14, 2011
hello UNIQLO!
I absolutely LOVE Japan and when I visited last year I saw tons of Uniqlo stores all around Tokyo. I am thrilled to find today is the opening of their largest global flagship in the world, “UNIQLO New York Fifth Avenue!" Uniqlo is supposed to be the “in between” of H&M (young shoppers) and Zara (older shoppers). The retailers goal is to eventually have 200 stores in the US, so if you haven’t heard of it yet, you will soon. Good bye 200 GAP stores, hello UNIQLO!
Paste it on
What happened to natural beauty? A new study, paid for by Procter & Gamble, shows that people perceive women to be more competent when they wear more makeup. Pretty obvious that appearance plays a role in career success but there isn’t a good explanation of why human beings respond more positively to women who are attractive or attempt to make themselves more attractive. Next time you’re heading out to an interview or a promotion is right around the corner, make sure you spend an extra 5 minutes on your makeup- maybe even put some eye shadow on. Obviously, P&G oh so very happy with these results!
Thursday, October 13, 2011
Price up much?
A month ago pandemonium had hit all Target stores. Web sites crashed, fans cleared shelves all to snatch items from Missoni. Surprisingly, Missoni didn’t expect this reaction since in the past, items from other designers, like Isaac Mizrahi didn’t create this much excitement. Whether it’s the stimulus of scarcity or die hard Missoni fans, people have been making insane profit margins reselling these items on Ebay. Here are a few absurd price ups that I missed out on:
Missoni for Target multicolor bicycle. (eBay prices are from a recent listing.)
TARGET: $399.99
EBAY: $1,400
TARGET: $399.99
EBAY: $1,400
Missoni for Target throw.
TARGET: $39.99 EBAY: $250
TARGET: $39.99 EBAY: $250
Wednesday, October 12, 2011
Celebrate failure
Several people will tell you not to give up when things go wrong (my parents are great at this). I’m sure you’ve heard success is 1% inspiration and 99% perspiration. Keep on trying- it’ll happen. Sadly this mantra is flawed. Repeating the same thing over and over is not enough, we’ve got to learn from it so next time we can do it better and smarter. Common sense right? Not really. Several companies tend to sweep mistakes and failures under the carpet when things go wrong. You may see a direct impact on your bonus but fixing those mistakes aren’t usually discussed. Next time something does not pan out as planned, make sure you use those failures to make better decisions in the future. Studies find that an entrepreneur who succeeds in a venture has a 30% chance of succeeding in his next venture, but first time entrepreneurs have only an 18% chance and an entrepreneur who’s failed has a 20% chance of succeeding! Mr. Thomas Edison said it best, “ I never failed once. It just happened to be a 2,000 step process.”
Tuesday, October 11, 2011
99 problems
Almost a month ago, Occupy Wall Street gathered in NYC to protest corporate social inequality and greed. The movement has spread from NY to LA, Tampa, Chicago, Oregon, Houston and much more. They are everywhere! I bet you’ve seen the signs “we are the 99%”, but that’s not to be taken literally. 99% is pretty expansive and pretty sure it includes a few bankers on Wall St.! Should be 99 problems instead. Most Americans aren’t occupywallstreets 99%, in fact, American households right at the 99th percentile will earn around $506,553 this year, some even millionaires!
Disclaimer: Financially Yours, Tammy does not support or oppose the actions of occupywallstreet.
Monday, October 10, 2011
Netflix
A few weeks back, Netflix announced a change in service and fees for its streaming and dvd rental service. The stock price has multiplied 6 fold ($$$) since 09 and was facing incredible opposition and cancellation of service as a result of the reorg of the dvd/online streaming services. Talk about poor market orientation! Since July the share price dropped 53% and finally (after several subscribers wailed) Netflix has taken attention and is making changes- well not really, they’re just announcing a “I take that back.” Now, subscribers will be able to use both services under 1 account and 1 password. The people spoke and Netflix listened, after it lost more than half its value since July, of course.
Saturday, October 8, 2011
Collectors
Have you been watching shows like Hardcore Pawn or Pawn Stars? Addictive right!? Well, I’m sure you’ve wondered how or why these people walking into these stores collect coins, stamps, comics, antique autos, baseball cards, etc. If you’re like my mom- you think its junk and just throw everything away in sight. That’s why my sticker/Sanrio collection lasted only until 14 year of age. The items people collect often have little intrinsic value. In fact, they are hazardous. It’s practically not liquid. So why do these collectors spend tons of dough on this “junk?”
Several theories exist. One of them is evolutionary theory which suggests that collecting should be positioned as a means of displaying wealth as a parent. I’m sure you’ve looked in a magazine and seen the ad for Patek Phillippe (love) , who uses a “generations” theme. Other theories argue that the urge to collect comes as a reaction to childhood feelings of insecurity. For example, coin collectors usually think coins are less volatile investments than stocks and will hold their worth. Next time, you're thinking of starting up a collection, you may want to see a psychologist first. JK!
Friday, October 7, 2011
Jobs report
Listen up fellow unemployed friends! 103,000 new jobs were created in September-certainly better than 0. Jobless rates at 9.1% still and we need 250,000 jobs a month in order to take unemployment down to 6.1%. We’ve got work to do still. Although retail, temps, and service providers added jobs, government and manufacturing cut quite a few. Firms are still afraid of the double dip and change of demand in their products and services, they dont want a repeat of 09 where they cut 25% of their work force SO they’re just not hiring. As much as the recession is averted, we still need jobs. And fast. Now would be a good time to get our jobs back from India.
Thursday, October 6, 2011
GILTY as charged
Ladies, I’m sure you’ve heard about Gilt. Com, the luxury goods online site that offers exclusive limited time sales on designer goods. Gilts been growing fast and Amazon has entered the market with “My Habit” a gilt look alike. So why have these luxury deal sites flourished?
Besides great prices, consumer psychology is driving demand. These sites leverage aspects of consumer psychology to drive the impulse of purchase. First, scarce items are more valued, when the sites show “sold out” they are cueing customers to believe that others are in hot pursuit of popular items- so obviously you want it need it and cant live without it. Also, you have a limited time of “buying opportunity” that if you don’t exercise will disappear so your more inclined to react and purchase. DARNIT- they get me every time!
Is a leader born or created?
With Jobs’ passing, It’s made me think about traits theory-whether or not a leader is born or created?
Unfortunately, no one knows. Back in the day, people believed that biological factors (being tall) played a role in leadership. My personal opinion is that this is true but to a certain point. I believe that such traits such as intelligence, energy and confidence only provide a starting point for a leader. Research shows leaders were shown to be non-distinguishable from other people in terms of intelligence and abilities. Look at Gates and Buffet- both introverted leaders who don’t possess the personality or physical traits that attribute to leadership. Whether you think its luck, innate or environment, leaders come from all walks of life and have emerged and remained through their own merit.
Here’s Colin Powell’s 18 principals of leadership:
1. “Being responsible sometimes means pissing people off.”
2. “The day soldiers stop bringing you their problems is the day you have stopped leading them. They have either lost confidence that you can help them or concluded that you do not care. Either case is a failure of leadership.”
3. “Don’t be buffaloed by experts and elites. Experts often possess more data than judgment. Elites can become so inbred that they produce hemophiliacs who bleed to death as soon as they are nicked by the real world.”
4. “Don’t be afraid to challenge the pros, even in their own backyard.”
5. “Never neglect details. When everyone’s mind is dulled or distracted the leader must be doubly vigilant.”
6. “You don’t know what you can get away with until you try.”
7. “Keep looking below surface appearances. Don’t shrink from doing so (just) because you might not like what you find.”
8. “Organization doesn’t really accomplish anything. Plans don’t accomplish anything, either. Theories of management don’t much matter. Endeavors succeed or fail because of the people involved. Only by attracting the best people will you accomplish great deeds.”
9. “Organization charts and fancy titles count for next to nothing.”
10. “Never let your ego get so close to your position that when your position goes, your ego goes with it.”
11. “Fit no stereotypes. Don’t chase the latest management fads. The situation dictates which approach best accomplishes the team’s mission.”
12. “Perpetual optimism is a force multiplier.”
13. Powell’s Rules for Picking People: “Look for intelligence and judgment and, most critically, a capacity to anticipate, to see around corners. Also look for loyalty, integrity, a high energy drive, a balanced ego and the drive to get things done.”
14. “Great leaders are almost always great simplifiers, who can cut through argument, debate and doubt, to offer a solution everybody can understand.” (borrowed from Michael Korda)
15. “Use the formula P=40 to 70, in which P stands for the probability of success and the numbers indicate the percentage of information acquired. Once the information is in the 40 to 70 range, go with your gut.”
16. “The commander in the field is always right and the rear echelon is wrong, unless proved otherwise.”
17. “Have fun in your command. Don’t always run at a breakneck pace. Take leave when you’ve earned it: Spend time with your families. Corollary: Surround yourself with people who take their work seriously, but not themselves, those who work hard and play hard.”
18. “Command is lonely.”
Wednesday, October 5, 2011
Steve Jobs
"If today were the last day of my life, would I want to do what I am about to do today?"
Office space
My own office! I was pretty excited to get my own office when I started this position, I was excited about the white board, the stark walls, bookshelf and PRIVACY. In the past, I’ve worked on a trading floor, where your just about sitting on your neighbors lap. Anything you say or do is being watched by someone on the floor. But nowadays, no privacy means big savings. Loosecubes, a company for office sharing, lists more than 2300 spaces across 500 cities! No furniture, no lease, no setting up internet, and you may even end up sitting by a smoker who sprays fruit splash after each break (yuck).
Tuesday, October 4, 2011
Poor baby!
Remember back in the day when grandma told you they would use cloth diapers and you were in disbelief. Well it’s happening again. Recent data shows diaper sales are slowing and sales of rash ointments are rising. Although the data pulled maybe because of US birth rates declining, I’m sure several parents have switched over to lower quality diapers or cloth diapers to save a few bucks. Pressures on kids, you may be potty trained even earlier now.
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