Some forum posters on MSN.com have been discussing stupid ways they lost money. I'd have to think long and hard to figure out my worst, but suffice it to say that over the course of my life I've lost five figures easy through really stupid stuff. Here are some examples that leap to mind:
- Countless times have I failed to send in rebates, or failed to return non-fitting articles of clothing within the return period. Being absent minded is costly.
- Losing receipts for work expenses is another of my favorite ways to blow money. Being disorganized is costly.
- My favorite: I went shopping for a new wallet with V-Train, and thought it would be a good idea to test containment ability by stuffing TWO HUNDRED DOLLARS cash into the wallet I was considering purchasing, then seeing how it felt. Eventually I decided not to purchase the wallet, and put it back. Hilarity did not ensue. Being retarded is costly.
I thought reading other people's stories would make me feel better, but it made me feel worse because my examples are dumber.
Friday, January 05, 2007
Wednesday, January 03, 2007
Manhattan Real Estate Still Bubbling
Real estate prices aren't going down everywhere. According to the Associated Press, median prices for Manhattan apartments have risen 9% in 2006, and the mean price is up 5% over the fourth quarter of '05. The median Manhattan apartment went for an astounding $760,000 in Q4 of '06, 4.27 times the median home price in Boise, and making me wish my real estate holdings were on the other coast.
On the Upper West Side, large apartments are up 48% over a year ago. Condos stayed flat, and Co-Ops went up 3%: impressive when most of the country is experiencing, if not a burst, at least a deflation.
There are no signs of slowing in '07.
On the Upper West Side, large apartments are up 48% over a year ago. Condos stayed flat, and Co-Ops went up 3%: impressive when most of the country is experiencing, if not a burst, at least a deflation.
There are no signs of slowing in '07.
Monday, January 01, 2007
Points Don't Pay
A new study coauthored by Penn State and Freddie Mac shows that an overwhelming majority of the time, homebuyers buy more points than they should. A point, or 1% of the cost of the mortgage, lowers your interest rate a specified amount. The cost-benefit analysis simply entails figuring out how many months you'd have to have a the lower interest rate (and lower payment) to make up for the money you spent on the point. Once you buy the points, if you hold the mortgage for less than that breakeven period, you lost money by buying the points. If you hold it longer, your points were positive ROI.
The study showed that only 1.4% of borrowers who bought points ended up holding the mortgage long enough to make the points ROI positive. Of the people who didn't buy points, only 1.5% of people would have been better off purchasing them.
This study shows a couple of things, I think (even assuming the results are skewed by decreasing interest rates that caused a lot of unexpected refinancing). One: people may overestimate how long they're going to keep their mortgages. But a second likely explanation is that people probably don't bother to do the math. For whatever reason, they may just think that lowering your interest rate is worth more than it really is. Important stuff to keep in mind for the next time you look at a home purchase.
The study showed that only 1.4% of borrowers who bought points ended up holding the mortgage long enough to make the points ROI positive. Of the people who didn't buy points, only 1.5% of people would have been better off purchasing them.
This study shows a couple of things, I think (even assuming the results are skewed by decreasing interest rates that caused a lot of unexpected refinancing). One: people may overestimate how long they're going to keep their mortgages. But a second likely explanation is that people probably don't bother to do the math. For whatever reason, they may just think that lowering your interest rate is worth more than it really is. Important stuff to keep in mind for the next time you look at a home purchase.
PMI Now Tax Deductible!
Wish this had been in place 10 years ago. For mortgages originating in 2007 or later, Private Mortgage Insurance is now tax deductible! Oh, happy day. This effectively cuts the cost of PMI by a third to a half, dramatically changing the balance between accepting PMI, or taking out a 10% piggyback loan at a high interest rate.
I took the piggyback on my last mortgage, and am paying 8.5% interest (effectively 5% or so after tax deduction) on that piece, and that could go even higher since it's a variable rate. If this had been in effect, I'd probably have gone with the PMI.
Of course, you could avoid all of this with a 20% downpayment, but then you'd lose some of the wonderful power of leverage.
I took the piggyback on my last mortgage, and am paying 8.5% interest (effectively 5% or so after tax deduction) on that piece, and that could go even higher since it's a variable rate. If this had been in effect, I'd probably have gone with the PMI.
Of course, you could avoid all of this with a 20% downpayment, but then you'd lose some of the wonderful power of leverage.
Getting Started on the Right Foot
CNN Money gives some sage advice about the right way to ingratiate yourself with your new colleagues when you start a new job...
- keep your good ideas to yourself for a bit, until your coworkers' guard comes down a bit
- be respectful and subdued, not their best friend
- learn the culture, but don't come off as nosy
- find a way to work with, and impress, influential people
The article gives much more detail on the whys and hows, and makes some very solid points.
- keep your good ideas to yourself for a bit, until your coworkers' guard comes down a bit
- be respectful and subdued, not their best friend
- learn the culture, but don't come off as nosy
- find a way to work with, and impress, influential people
The article gives much more detail on the whys and hows, and makes some very solid points.
Sunday, December 31, 2006
25 Rules to Grow Rich By
To ring in the New Year, CNN Money has posted 25 Rules to Grow Rich By. They include nuggets like which home upgrades pay for themselves, how to select the right deductible for your insurance, and how much money you'll need to retire.
Rule # 26: Feel free to end your article title in a preposition if the title is otherwise snappy and will generate site traffic and the accompanying advertising dollars.
Rule # 26: Feel free to end your article title in a preposition if the title is otherwise snappy and will generate site traffic and the accompanying advertising dollars.
Expense vs. Waste
I just re-read Andrew Tobias' My Vast Fortune. This book isn't nearly as good as his seminal The Only Investment Guide You'll Ever Need (it really is), but it still contains some interesting nuggets. It was the first book that helped me understand that if the US government maintained a budget deficit every year from now until eternity, it did not necessarily mean we'd eventually go bankrupt (as long as the GDP grows at a faster percentage rate than the deficit).
Anywho, the interesting nugget yesterday was Tobias' view on waste. Getting a parking ticket, says he, is not a waste. You're just transferring money from your account to the government's but that money doesn't disappear and the government will spend it on something (probably something wasteful, but that's not his point). So really, you can't feel too bad about a parking ticket. Think of it as a forced donation to charity. Digging for gold, however, is a waste. The world already has all of the gold that it requires for industrial uses, and it's value for other uses depends upon it's scarcity as a precious metal. Digging for gold expends resources (fuel, labor, parts) and reduces the scarcity of the existing gold, hence it is wasteful.
And I guess by that logic, I was incredibly wasteful on Friday when I ate three quarters of a pizza, and subsequently worked out for 45 minutes in a fit of remorse.
Anywho, the interesting nugget yesterday was Tobias' view on waste. Getting a parking ticket, says he, is not a waste. You're just transferring money from your account to the government's but that money doesn't disappear and the government will spend it on something (probably something wasteful, but that's not his point). So really, you can't feel too bad about a parking ticket. Think of it as a forced donation to charity. Digging for gold, however, is a waste. The world already has all of the gold that it requires for industrial uses, and it's value for other uses depends upon it's scarcity as a precious metal. Digging for gold expends resources (fuel, labor, parts) and reduces the scarcity of the existing gold, hence it is wasteful.
And I guess by that logic, I was incredibly wasteful on Friday when I ate three quarters of a pizza, and subsequently worked out for 45 minutes in a fit of remorse.
Tuesday, December 26, 2006
More on Commercial Real Estate
I posted recently about the potential for commercial real estate in Bentonville, Arkansas. Today, a free article from the Wall Street Journal on real estate investors switching into commercial or multi-unit residential investing. The reason is that cash flow is now trumping anticipated appreciation as the key component of the investment. Commercial and multi-unit residentials offer much better cash flow, because they don't have the same speculative inflation priced in. This makes sense, since land appreciates much faster than the buildings themselves (since land is scarce, but buildings can be, well, built).
One notable nugget in the article:
That speaks to why I love real estate as a long term investment. Say properties appreciate 2% per year. If you bought the property on a 90% mortgage (you put 10% down), you're getting a 20% return on your invested money (before expenses, which can be significant). Has there ever been a significant period of time where real estate didn't appreciate a few percent a year? If you ride it out, it provides what I think are higher and safer returns than other types of investments. And in the long term, you can get some great periods of appreciation, like we've had recently. Get someone else to pay your mortgage, and the appreciation will come eventually, turning your $20,000 investment into $200,000 of equity.
One notable nugget in the article:
The situation is bleaker for those buying homes and condos as an investment, says Mr. Liang. "They should have very limited expectations on appreciation going forward -- probably 0% to 3% annually for the next five years," he says.
That speaks to why I love real estate as a long term investment. Say properties appreciate 2% per year. If you bought the property on a 90% mortgage (you put 10% down), you're getting a 20% return on your invested money (before expenses, which can be significant). Has there ever been a significant period of time where real estate didn't appreciate a few percent a year? If you ride it out, it provides what I think are higher and safer returns than other types of investments. And in the long term, you can get some great periods of appreciation, like we've had recently. Get someone else to pay your mortgage, and the appreciation will come eventually, turning your $20,000 investment into $200,000 of equity.
The Joy of Refi
The heyday of mortgage refinance may be waning, but it isn't gone. About a year and a half ago, with mortgage rates at historic lows, I refinanced a rental property I own. This is significant: since it used to be owner occupied, I had a pretty good rate relative to the none-owner occupied mortgages that were available to me after I moved out. When I refinanced, rates had finally dropped enough to where the non-owner occupied refi rates would beat my original owner-occupied rate. In order to ensure that I was getting a good deal (it's difficult to make an apples to apples comparison when you're restarting your 30 year clock after a number of years) I took a "no closing costs mortgage", so then I only needed to ensure that the rate offered was lower than my previous 7% rate. As an added bonus, I got the Private Mortgage Insurance (PMI) eliminated at the same time.
The result was that I have several hundred dollars a month back in my pocket, which makes life a lot easier and made it easier for me to finance the monthly payments on my new residential property.
While rates are going up, mortgage refinancing still presents opportunities to save money. For example, a lot of people took adjustable rate mortgages a few years ago that could be getting ready to sting them. If they've gained some appreciation on their property, they could lose the PMI and lock in a rate that, while not the best ever, could beat the heck out of adjustable rates kicking in. If you took an ARM with the expectation that you'd be selling, and have changed your mind, refi could be a real life-saver.
The result was that I have several hundred dollars a month back in my pocket, which makes life a lot easier and made it easier for me to finance the monthly payments on my new residential property.
While rates are going up, mortgage refinancing still presents opportunities to save money. For example, a lot of people took adjustable rate mortgages a few years ago that could be getting ready to sting them. If they've gained some appreciation on their property, they could lose the PMI and lock in a rate that, while not the best ever, could beat the heck out of adjustable rates kicking in. If you took an ARM with the expectation that you'd be selling, and have changed your mind, refi could be a real life-saver.
Your Money Is Not Safe at Washington Mutual
Yes, it's a dramatic title for a post. Got your attention? Good.
I'm currently in the process of taking all of my money out of Washington Mutual and moving it to Chase. This is actually a pretty difficult process... with auto billpay, direct deposit, and what not, there is a significant transactional friction involved in changing banks. But I'm still ending my 10 year relationship with Washington Mutual based on what happened to my boss. It's important to note this didn't happen to me... but I was present for parts of it from the beginning, and I absolutely believe that it happened as told to my by my boss.
A couple months ago, my boss ("G") noticed that there was a $2,000 withdrawal from his bank account that he didn't recall having made. By chance, he caught it within a day or two of the withdrawal having been made. After some time discussing it with his wife, he realized that the only explanation was that it was a fraudulent withdrawal. He called Washington Mutual and headed down there with his wife the following morning, by which point another fraudulent withdrawal had been made from second account he had with Washington Mutual. The bank explained that in most cases of identity theft, it was a family member, so he should check around to see if it could be a family member in this case. In the meantime, he asked Washington Mutual to put a hold on ALL his accounts, and they said they would.
Later that morning, I accompanied G to the police station to file a report. There was a lot to find out, but at least he caught it early. Then something happened that caused me, him, and everyone who was aware of what was going on, lose faith in Washington Mutual. Later that day, there was an additional withdrawal. He called and screamed at the bank because they had promised to put a hold, or a flag, or something that should prevent the fraudulent withdrawals from continuing. A day later... another withdrawal. At this point, he had no choice but to close his accounts and withdraw his money, because he had been hit for five figures, and it was clear that Washington Mutual wasn't interested in protecting the money.
After yelling at the bank manager again, it came out that they didn't want to put a hold on the account because they figured it was probably a family member/forgotten withdrawal. They explained that holds are very inconvenient for the customer, so they decided not to implement it. Because they basically did not believe him about the fraud, the losses from his accounts were far greater than if they had acted when they said they would.
Will he get the money back from WaMu? Surely he will. But having 5 figures disappear from your accounts for even a short time is a major inconvenience at best, and could have severe financial consequences (late mortgage payments, etc) at worst. WaMu basically treated him like he was the criminal, and showed an appalling lack of concern for the security of his money.
Given that WaMu has a crappy network and crappy interest rates, the ONLY reason to use them is their supposedly superior customer service. Without that, they're worthless. I'm going with Chase because I like the international presence, but there are plenty of other banking options that are more convenient than WaMu for various reasons.
Get it together, WaMu. Identity theft is no joke.
I'm currently in the process of taking all of my money out of Washington Mutual and moving it to Chase. This is actually a pretty difficult process... with auto billpay, direct deposit, and what not, there is a significant transactional friction involved in changing banks. But I'm still ending my 10 year relationship with Washington Mutual based on what happened to my boss. It's important to note this didn't happen to me... but I was present for parts of it from the beginning, and I absolutely believe that it happened as told to my by my boss.
A couple months ago, my boss ("G") noticed that there was a $2,000 withdrawal from his bank account that he didn't recall having made. By chance, he caught it within a day or two of the withdrawal having been made. After some time discussing it with his wife, he realized that the only explanation was that it was a fraudulent withdrawal. He called Washington Mutual and headed down there with his wife the following morning, by which point another fraudulent withdrawal had been made from second account he had with Washington Mutual. The bank explained that in most cases of identity theft, it was a family member, so he should check around to see if it could be a family member in this case. In the meantime, he asked Washington Mutual to put a hold on ALL his accounts, and they said they would.
Later that morning, I accompanied G to the police station to file a report. There was a lot to find out, but at least he caught it early. Then something happened that caused me, him, and everyone who was aware of what was going on, lose faith in Washington Mutual. Later that day, there was an additional withdrawal. He called and screamed at the bank because they had promised to put a hold, or a flag, or something that should prevent the fraudulent withdrawals from continuing. A day later... another withdrawal. At this point, he had no choice but to close his accounts and withdraw his money, because he had been hit for five figures, and it was clear that Washington Mutual wasn't interested in protecting the money.
After yelling at the bank manager again, it came out that they didn't want to put a hold on the account because they figured it was probably a family member/forgotten withdrawal. They explained that holds are very inconvenient for the customer, so they decided not to implement it. Because they basically did not believe him about the fraud, the losses from his accounts were far greater than if they had acted when they said they would.
Will he get the money back from WaMu? Surely he will. But having 5 figures disappear from your accounts for even a short time is a major inconvenience at best, and could have severe financial consequences (late mortgage payments, etc) at worst. WaMu basically treated him like he was the criminal, and showed an appalling lack of concern for the security of his money.
Given that WaMu has a crappy network and crappy interest rates, the ONLY reason to use them is their supposedly superior customer service. Without that, they're worthless. I'm going with Chase because I like the international presence, but there are plenty of other banking options that are more convenient than WaMu for various reasons.
Get it together, WaMu. Identity theft is no joke.
Tuesday, December 19, 2006
Skate to Where the Puck is Going
One of the greatest real estate booms in the last twenty years has to have been in Orange County, a big part of which is occupied by the Vietnamese community. Immigrants want to live near each other, and as they've gained prosperity (through their entrepreneurial culture, mostly) they've driven prices in Little Saigon and the surrounding areas ever higher. I've got my eyes open for the next great immigrant influx.
In the meantime, The V Train was in Bentonville, AR last week and noted that the not-exactly-new trend of companies stationing employees, either temporarily or permanently, near WalMart headquarters was yielding some interesting and predictable effects. Yes, a whole slew of new hotel developments and corporate housing have started to go up in this once small town. But there are still no big-city type amenities (restaurants open late, e.g.) catering to the army of business travelers that shows up there every Monday.
You could capitalize on this by moving there and opening a business yourself, or you could invest in some commercial real-estate and take advantage of the "pull-marketing" effect to attract lessees.
Since I don't know jack about Bentonville or commercial real-estate, you can have that little golden nugget for free.
In the meantime, The V Train was in Bentonville, AR last week and noted that the not-exactly-new trend of companies stationing employees, either temporarily or permanently, near WalMart headquarters was yielding some interesting and predictable effects. Yes, a whole slew of new hotel developments and corporate housing have started to go up in this once small town. But there are still no big-city type amenities (restaurants open late, e.g.) catering to the army of business travelers that shows up there every Monday.
You could capitalize on this by moving there and opening a business yourself, or you could invest in some commercial real-estate and take advantage of the "pull-marketing" effect to attract lessees.
Since I don't know jack about Bentonville or commercial real-estate, you can have that little golden nugget for free.
Tuesday, November 28, 2006
Home Prices Decline 3.5% - It's a big deal
The median price of a home in the US fell by 3.5% over last year's number, to $221,000: the biggest decline on record. If 3.5% doesn't sound like a lot to you, remember that most people buy homes on leverage, i.e. mortgages.
Suppose a year ago you bought a median priced home for $229,000. You put 10% down, so you invested $22,900 of your own cash money. Now suppose the price declined by about 3.5% to $221,000. You've just lost $8,000 of your $22,900, or 35% of your investment! If you turn around and sell it tomorrow because you're afraid the market will continue to decline you'll probably incur transaction fees ranging around 6% (real estate agents, escrow fees, etc), which would wipe out your investment completely. But if you don't turn around and sell it tomorrow, and we have another bad year or two, you could soon owe the bank more money than your house is worth, even though you put down 10% of the money yourself.
And with prime at over 8%, let's hope you didn't buy on a variable rate mortgage, because your payments could soon jack up without giving you the benefit of any additional equity.
Rising interest rates mean some people won't be able to make their payments. Declining prices will mean some people won't be able to solve their payment problem by selling. Hang tight, there's going to be a shakeout.
Suppose a year ago you bought a median priced home for $229,000. You put 10% down, so you invested $22,900 of your own cash money. Now suppose the price declined by about 3.5% to $221,000. You've just lost $8,000 of your $22,900, or 35% of your investment! If you turn around and sell it tomorrow because you're afraid the market will continue to decline you'll probably incur transaction fees ranging around 6% (real estate agents, escrow fees, etc), which would wipe out your investment completely. But if you don't turn around and sell it tomorrow, and we have another bad year or two, you could soon owe the bank more money than your house is worth, even though you put down 10% of the money yourself.
And with prime at over 8%, let's hope you didn't buy on a variable rate mortgage, because your payments could soon jack up without giving you the benefit of any additional equity.
Rising interest rates mean some people won't be able to make their payments. Declining prices will mean some people won't be able to solve their payment problem by selling. Hang tight, there's going to be a shakeout.
Wednesday, November 15, 2006
Social ROI
I posted recently about Charity ROI: How do you get the most bang for your charity buck? Tough to find, but I recently stumbled across a blog called Social ROI. It's a charitable entrepreneurship blog. It isn't exactly what I was talking about, but it's definitely got a business bent, and that's what it takes to get the best bang for your charitable buck.
Microsoft StickyKeys
Not sure what the difference is between Microsoft StickyKeys and Microsoft FilterKeys, but I know when I hold down the shift key for too long, it gets stuck on and there's no way to prevent it. This blog posting has advice for how to turn off Microsoft StickyKeys.
Sunday, October 15, 2006
Fantasy Football And The Trojans
I hadn't played Fantasy Football for years, but as a Season Ticket holder for the USC Trojans
I've had the great pleasure of watching a number of players graduate into the NFL. These include, of course, Reggie with the Saints, Matt with the Arizona Cardinals, as well as Lendale White with the Titans, Big Mike Williams with the Lions (not the greatest success story, but keep the faith), and Troy Palomalu with the Steelers.
So finally, I'm back into it. I decided to field an All-Trojan team, and I expect that within two years they are going to be an unstoppable juggernaut of whip-ass. Any challengers?
I've had the great pleasure of watching a number of players graduate into the NFL. These include, of course, Reggie with the Saints, Matt with the Arizona Cardinals, as well as Lendale White with the Titans, Big Mike Williams with the Lions (not the greatest success story, but keep the faith), and Troy Palomalu with the Steelers.
So finally, I'm back into it. I decided to field an All-Trojan team, and I expect that within two years they are going to be an unstoppable juggernaut of whip-ass. Any challengers?
Friday, October 13, 2006
Top Rated Charities
I spoke earlier about maximizing the value of your charitable donations by choosing your charities, wisely. Charity Watch is an organization that helps to do that by ranking charities based on how much of what they take in is spent on directly helping people, vs. how much is used in running the charity or in soliciting donations.
That's an imperfect measure, of course. Just giving every penny that comes in directly to the targeted beneficiaries is not necessarily the best way to do good works. Some management can make the charity more effective. And investing in driving future donations is useful to, though in many cases non-profit groups are just competing against each other for peoples' hard earned dough. But it is a good jumping-off point when trying to figure out a group that has come to you, hat in hand.
That's an imperfect measure, of course. Just giving every penny that comes in directly to the targeted beneficiaries is not necessarily the best way to do good works. Some management can make the charity more effective. And investing in driving future donations is useful to, though in many cases non-profit groups are just competing against each other for peoples' hard earned dough. But it is a good jumping-off point when trying to figure out a group that has come to you, hat in hand.
Teen Crashes Car to Ward Off Unbelted Carjacker
An Iowa teen intentionally swerved his car into oncoming traffic to escape a carjacker who was holding him at gunpoint. The carjacker had grown angry after making the teen drive to two ATMs, neither of which met the carjacker's standards. He threatened to kill the boy.
The young man, after realizing that he was wearing a seatbelt and the carjacker wasn't, decided to crash his car into an oncoming SUV. The driver of the SUV was not injured, but the carjacker was knocked unconscious and arrested at the scene.
The young man, after realizing that he was wearing a seatbelt and the carjacker wasn't, decided to crash his car into an oncoming SUV. The driver of the SUV was not injured, but the carjacker was knocked unconscious and arrested at the scene.
More Charity for Your Money
Every year, I receive dozens of solicitations for charity from police organizations, homeless shelters, animal services and zoos, schools, you name it. So how do I decide which charities to give to?
I have what I suppose are unusual criteria... As a businessman, I like to ask the question of which charity will have the greatest "return". I tend to believe that Americans are better off than other people in the world, so I consider it a poor use of my resources to give to charities such as "Make a Wish", which aim to bring a little more joy into the life of dying children who are already well-off by world standards. While I understand the sentiment, I've seen true abject poverty and misery abroad, and I'd rather feed some kid in the Philippines for the rest of his life than send a kid in Minnesota with Leukemia to Disneyland.
But that's not enough... while undoubtedly "Save the Children" is a great charity, how can my money have the most impact? I've read about charities that offer entrepeneurial "microloans" which follow the "teach a man to fish" philosophy, and those seem promising. Has anyone bothered to rank charities in terms of a charitable ROI? I'd be really interested in seeing that. I'm not a rich man, and I have a limited amount to give, so it's important to me that the money go where it will have the greatest impact. Ideas appreciated.
I have what I suppose are unusual criteria... As a businessman, I like to ask the question of which charity will have the greatest "return". I tend to believe that Americans are better off than other people in the world, so I consider it a poor use of my resources to give to charities such as "Make a Wish", which aim to bring a little more joy into the life of dying children who are already well-off by world standards. While I understand the sentiment, I've seen true abject poverty and misery abroad, and I'd rather feed some kid in the Philippines for the rest of his life than send a kid in Minnesota with Leukemia to Disneyland.
But that's not enough... while undoubtedly "Save the Children" is a great charity, how can my money have the most impact? I've read about charities that offer entrepeneurial "microloans" which follow the "teach a man to fish" philosophy, and those seem promising. Has anyone bothered to rank charities in terms of a charitable ROI? I'd be really interested in seeing that. I'm not a rich man, and I have a limited amount to give, so it's important to me that the money go where it will have the greatest impact. Ideas appreciated.
Monday, October 09, 2006
New David Allen Productivity Podcast
I posted a couple days ago about how David Allen's book "Getting Things Done" has really changed my work-life. Now David Allen has hooked up with productivity blog/board/wiki 43 Folders to start a productivity Podcast. This sounds really interesting.
What a great idea! The basics of GTD can be laid out nicely in a book, but a lot of the most interesting stuff is bound to come in one-off questions that can be answered in a Podcast. The biggest barrier to really implementing a productivity system is consistency, and putting it in a Podcast encourages constant re-evaluation of your own progress.
What a great idea! The basics of GTD can be laid out nicely in a book, but a lot of the most interesting stuff is bound to come in one-off questions that can be answered in a Podcast. The biggest barrier to really implementing a productivity system is consistency, and putting it in a Podcast encourages constant re-evaluation of your own progress.
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