Which Way Are You Outsourcing?

Aug 27 2015Feb 04 2010 by Fin Engr

Over at MBA Briefs, David’s hard at work honing the site’s focus. An interesting guy with a military & business background, he sent me a quick note mentioning how he plans to look more at personal finance as a business. I really liked the idea, and have been thinking about how many lessons could be taken from successful organizations.

One of his more recent articles, David explores the idea of “outsourcing” our personal lives in an effort to show that doing everything ourselves isn’t always in our best interest.

Well, I agree… but to an extent. Ever since reading that article, I’ve been thinking about what we outsource.

Then it hit me. It depends on WHAT you are outsourcing.

Outsourcing can mean a lot of things. Pictures are worth a thousand words, so I made a diagram to visually explain what I’m getting at.

Spend Less or Earn More? The ONLY answer you need to know.

Aug 27 2015Jan 28 2010 by Fin Engr

Before we get into the article, I want you do something for me.

Hold your hands one foot apart, palms facing each other.

Look at the gap – that’s how much you’ll save by cutting expenses.

Don’t move.

Let’s Give Credit More “Credit”

Aug 29 2015Jan 16 2010 by Fin Engr

Humans have the innate ability to control environments. The easiest example to pull out of the hat is the domestication of wild animals (dogs and horses). If we have this preference towards control, then why do authors suggest debit cards as the “solution” to credit cards? If you looked at the [purely factual] differences between … Read more

Merry [Belated] Christmas! Here’s What Went Wrong.

Dec 24 2023Jan 16 2010 by Fin Engr

Better late than never right? Before I start, please remember that some of these posts highlight older topics and the blog will be playing catch-up with my brain for a little while. I finished an interesting book, Scroogenomics by Dr. Joel Waldfogel, right before the holiday season. Don’t let the title fool you – he’s … Read more