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Transfer <b>news</b> England goalkeeper David James agrees to sign for <b>...</b>

England keeper goes from World Cup finals to the Championship.

Fox <b>News</b>: Apple Is The New Religion And The Pope Is Scared

Jesus. Maybe literally. Fox News has a long and illustrious history of saying some fairly outrageous things. A story today on FoxNews.com may be one of the best yet -- certainly from a tech perspective. The post entitled.

&#39;Idol&#39; <b>News</b> - The Ellen DeGeneres Show

Ellen, I have to say I was surprised by this news, as I LOVED watching you with the kids on Idol. You will definitely be missed on the show. I respect your decision, however, and only want happiness for you. You have made me laugh, ...

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Transfer <b>news</b> England goalkeeper David James agrees to sign for <b>...</b>

England keeper goes from World Cup finals to the Championship.

Fox <b>News</b>: Apple Is The New Religion And The Pope Is Scared

Jesus. Maybe literally. Fox News has a long and illustrious history of saying some fairly outrageous things. A story today on FoxNews.com may be one of the best yet -- certainly from a tech perspective. The post entitled.

&#39;Idol&#39; <b>News</b> - The Ellen DeGeneres Show

Ellen, I have to say I was surprised by this news, as I LOVED watching you with the kids on Idol. You will definitely be missed on the show. I respect your decision, however, and only want happiness for you. You have made me laugh, ...

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Football Spy transfer <b>news</b> video: The latest on moves for Sol <b>...</b>

Sol Campbell, Javier Mascherano, Mario Balotelli and Manuel Almunia feature on today's Football Spy Show.

Robert Naiman: Defense <b>News</b>: War Supplemental Not Needed to Fund <b>...</b>

If the war supplemental is not approved this week, the troops will still be paid and the troops will still be fully supplied. There is no "emergency" requiring action this week.

Sony unveils 24mm F2, 35mm F1.8 and 85mm F2.8 Alpha lenses <b>...</b>

Sony unveils 24mm F2, 35mm F1.8 and 85mm F2.8 Alpha lenses: Sony has released three prime lenses for its Alpha SLR system. First up is the eagerly-awaited Carl Zeiss Distagon T* 24mm F2 SSM, which we saw in prototype form at PMA.

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Football Spy transfer <b>news</b> video: The latest on moves for Sol <b>...</b>

Sol Campbell, Javier Mascherano, Mario Balotelli and Manuel Almunia feature on today's Football Spy Show.

Robert Naiman: Defense <b>News</b>: War Supplemental Not Needed to Fund <b>...</b>

If the war supplemental is not approved this week, the troops will still be paid and the troops will still be fully supplied. There is no "emergency" requiring action this week.

Sony unveils 24mm F2, 35mm F1.8 and 85mm F2.8 Alpha lenses <b>...</b>

Sony unveils 24mm F2, 35mm F1.8 and 85mm F2.8 Alpha lenses: Sony has released three prime lenses for its Alpha SLR system. First up is the eagerly-awaited Carl Zeiss Distagon T* 24mm F2 SSM, which we saw in prototype form at PMA.

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style="text-align: center;">

If you’re seeking a job in social media, we’d like to help out. For starters, Mashable’s Job Lists section gathers together all of our resource lists, how-tos and expert guides to help you get hired. In particular, you might want to see our articles on How to Leverage Social Media for Career Success and How to Find a Job on Twitter.

But we’d like to help in a more direct way, too. Mashable’s job boards are a place for socially savvy companies to find people like you. This week and every week, Mashable features its coveted job board listings for a variety of positions in the web, social media space and beyond. Have a look at what’s good and new on our job boards:

Mashable Job Board Listings

Senior Manager, Social Media & Marketing at Electronic Arts in Redwood City, CA.

The Senior Manager, Social Media & Marketing is responsible for developing, communicating and implementing a comprehensive social marketing strategy against EA’s priority titles and initiatives.

Read more about this opportunity here.

Area Sales Manager at AT&T in Tulsa, OK.

Join us as an Area Sales Manager-Internet.

Read more about this opportunity here.

Account Executive at Social Media Link in New York, NY.

This position demands a skilled and creative strategist, able to communicate technical topics in a clear and concise manner.

Read more about this opportunity here.

Social Media Strategist at iCrossing in New York, NY.

As a Senior Analyst in this group, you will help plan and execute social media marketing programs for clients.

Read more about this opportunity here.

Digital Strategy at Hill Holiday in Fairhaven, MA.

While serving as the digital marketing lead for a set of clients, you will build the case for digital solutions and help conceive and execute marketing programs that cross digital channels, integrate with offline media and push interactive innovation.

Read more about this opportunity here.

Art Director at Digitas in Philadelphia, PA.

The Art Director at Digitas will be responsible for the conception, design, and execution of innovative visual materials for integrated, cross channel initiatives including: large web initiatives, online advertising, digital marketing, direct marketing and/or print advertising.

Read more about this opportunity here.

Web Developer at Clorox Creative in Oakland, CA.

We are looking for a contract Senior Web Developer experienced in building modern web sites and web apps utilizing OO PHP5 and Javascript/Ajax functionality.

Read more about this opportunity here.

Experienced Front End Developer at Clorox Creative in Oakland, CA.

Looking for a true front-end HTML and CSS guru that hand codes.

Read more about this opportunity here.

Project Manager at Infuse Creative in Santa Monica, CA.

The Project Manager’s role is a mission critical client interface and project management role.

Read more about this opportunity here.

Vice President, Digital Strategy at Ketchum in New York, NY.

We’re looking for a Vice President/Digital Strategy to join our ranks, an individual deeply ingrained in media culture, “pull-not-push” marketing and the dynamics of on- and off-line community building.

Read more about this opportunity here.

Social Media Ambassador at Buick in Chicago, IL.

To kick-off this program, Buick is seeking three Brand Ambassadors in Chicago who will serve as the in-car Buick representatives during Tweet to Drive.

Read more about this opportunity here.

Facebook Engineer at Demandforce in San Francisco, CA.

Demandforce is looking for an outstanding individual to join the engineering team, reporting directly to the CTO.

Read more about this opportunity here.

Engineering Manager at Synacor in Buffalo, NY.

We are seeking an Engineering Manager to direct the development, creation, and modification of computer applications software and specialized utility programs.

Read more about this opportunity here.

Online Marketing and Engagement Manager at Make-A-Wish Foundation in Phoenix, AZ.

This position is responsible for the tactical implementation of online marketing and key audience engagement functions at the National Office to advance the Foundation’s goals in corporate and individual fundraising, mission delivery, chapter support and brand advancement.

Read more about this opportunity here.

Social Media Manager at PETA in Los Angeles, CA.

People for the Ethical Treatment of Animals (PETA) seeks a social media manager to lead PETA’s award-winning social media efforts which include PETA’s Facebook and Twitter presences, PETA’s popular blog, The PETA Files, and online activism efforts.

Read more about this opportunity here.

Community Editor at AOL in New York, NY.

Urlesque.com, AOL’s internet trends and web humor site, is looking for a NYC-based temporary freelance community editor to engage, grow and interact with the Urlesque audience.

Read more about this opportunity here.

Director of Engineering at Synacor in San Francisco, CA.

We are seeking a Director of Engineering who will be responsible for leading a team of Internet developers and architects in a fast-paced and quickly growing company.

Read more about this opportunity here.

Social Media Intern at All Wet Beachwear in Hollywood, FL.

We are seeking a Social Media Public Relations Intern who has the passion, drive and knowledge to develop an effective and cutting edge social media campaign.

Read more about this opportunity here.

Director of Engineering at Synacor in Buffalo, NY.

We are seeking a Director of Engineering who will be responsible for leading a team of Internet developers and architects in a fast-paced and quickly growing company.

Read more about this opportunity here.

Editor in Chief, Startup at Life and Home Style Digital Network in Los Angeles, CA.

You must have digital exp., knowledge and interest in consumer/lifestyle, emerging home design and its customers.

Read more about this opportunity here.

Manager, Marketing at Digitas in New York, NY.

Day-to-day management of all digital media (online advertising), offline media (print, direct mail) strategy, production and execution through strong partnership with extended teams.

Read more about this opportunity here.

Senior Platform Engineer at Gilt Groupe in New York, NY.

As a hands-on Senior Software Engineer for Gilt Groupe on our platform team, you’ll help develop and maintain the scalable data and services platform upon with the Gilt Group sites are built.

Read more about this opportunity here.

Application Engineer at Gilt Groupe in New York, NY.

The Application Engineer is responsible for developing applications for the production websites ranging from search, product presentation, usability etc.

Read more about this opportunity here.

Multiple Job Openings via UrgentCareer in New York, NY, Silicon Valley and elsewhere.

We currently are managing over 80 positions from more than 50 top companies.

Read more about this opportunity here.

Director, Social Media at National Association of Home Builders in Washington DC.

This position serves as the technical point of contact for the NAHB social media and social networking activities.

Read more about this opportunity here.

Social Media Applications Engineer at Triton Digital Media in Kentucky.

Triton Digital Media, a quickly growing media company,is looking for experienced social media application developers in Cincinnati, Ohio and the surrounding area.

Read more about this opportunity here.

Director, Online Content at National Association of Home Builders in Washington DC.

This newly created position is responsible for ensuring that NAHB’s website and social media networks clearly and effectively communicate the association’s messages, promotes its products and services and provides high-quality information and content to numerous publics.

Read more about this opportunity here.

Online Marketing Specialist at Quikbook.com in New York, NY.

Group of successful ecommerce travel websites seeks a new team member to head customer acquisition efforts.

Read more about this opportunity here.

Director of Engineering at Gilt Groupe in New York, NY.

Lead software development activities such as software design, development, unit testing, documentation, integration testing, deployment documentation, code reviews, adherence to software development standards

Read more about this opportunity here.

Senior Planner at Wunderman in New York, NY.

The Senior Planner (eCommerce) will articulate consumer insights to drive digital demand generation communications strategies and programs related to eCommerce for local sales units.

Read more about this opportunity here.

Youth Marketing Manager at PETA in Los Angeles, CA.

People for the Ethical Treatment of Animals (PETA) seeks a youth marketing manager to build awareness and recognition of PETA’s campaigns and reach the youth (teen, high school and college) audience with PETA’s message through media, special events and peer-to-peer marketing.

Read more about this opportunity here.

Manager of Creative Media Design and Development at The Children’s Museum of Indianapolis in Indianapolis, IN.

The Manager of Creative Media Design & Development is a hands-on management position responsible for the design, development, implementation and maintenance of gallery creative media to drive significant new and repeat visitation to the museum and to enhance the visitor experience.

Read more about this opportunity here.

Social Media Intern, Marketing at The Walt Disney Company – Disney Retail in Los Angeles.

The successful candidate will join our internal marketing team as an intern to monitor our social media presence, become an ‘intra-preneuer’ serve as a customer service agent, develop, implement and monitor successful campaigns resulting in real world results and author social media activities.

Read more about this opportunity here.

Sr Software Engineer at IGN Entertainment in San Francisco, CA.

IGN Entertainment is looking for a passionate Rails engineer who believes an agile development and believes in vertical ownership of technology stack. Experience with large scale production systems and Java is a plus.

Read more about this opportunity here.

Senior Digital Communications at Bayada Nurses in New Jersey.

We seek an experienced and results-driven Senior Digital Manager to join our Communications team to develop and direct digital strategies for Bayada Nurses.

Read more about this opportunity here.

Senior Storage Administrator at Synacor in San Francisco, CA.

We are seeking a Senior Storage Administrator who will work under limited supervision, administer all aspects of an advanced storage area network.

Read more about this opportunity here.

Senior Storage Administrator at Synacor in Los Angeles, CA.

We are seeking a Senior Storage Administrator who will work under limited supervision, administer all aspects of an advanced storage area network.

Read more about this opportunity here.

Webmaster at Pacific-10 Conference in Walnut Creek, CA.

The webmaster will oversee the editorial and technical operation of Pac-10.org and also contribute to our long-range site strategy and planning.

Read more about this opportunity here.

Analyst, Strategy and Analysis at Digitas in Detroit, MI.

The Digitas Strategy & Analysis Group is responsible for driving strategic thinking and economic insight across multiple client engagements

Read more about this opportunity here.

Sr Copywriter at Digitas in Philadelphia, PA.

As an Integrated Sr. Copywriter for Digitas you are responsible for the conception and execution of innovative copy for integrated, cross channel initiatives including large web initiatives, online advertising, digital marketing, print advertising and/or direct mail.

Read more about this opportunity here.

Customer Experience Manager at GigMasters.com in Redding, CT.

GigMasters.com, based in Redding, CT, is seeking an experienced manager to supervise our dynamic Customer Experience Team.

Read more about this opportunity here.

Product Manager, Mobile at HealthCentral in Arlington, VA.

Understand the company’s vision and lead product and business development for our mobile services in tracking health symptoms and care.

Read more about this opportunity here.

Front End Developers at Modea in Blacksburg, VA.

Modea is looking for developers who can create engaging, interactive experiences on platforms ranging from small micro-sites to large, global, multilingual enterprise systems.

Read more about this opportunity here.

Interactive Website Project Manager at TIG Global in Chevy Chase, MD.

As a result of continued growth and expansion, we are currently seeking an Interactive Website Project Manager

Read more about this opportunity here.

Director, Social Marketing at Yahoo! in Sunnyvale, CA.

We are seeking a dynamic, creative and innovative leader to drive social marketing programs at Yahoo!

Read more about this opportunity here.

Social Media Manager at Milestone Internet Marketing in Santa Clara, CA.

Milestone Internet Marketing in Santa Clara, CA is seeking a Social Media Manager within the travel vertical.

Read more about this opportunity here.

Intern – Social Media at Vans in Cypress, CA.

The Vans Direct to Consumer Communications intern assists the department with social media efforts both internally and externally

Read more about this opportunity here.

CSS Producer at Buddy Media in New York, NY.

Work extensively implementing sites into our Platform/CMS from HTML/CSS templates.

Read more about this opportunity here.

Mashable’s Job Board has a variety of web 2.0, application development, business development and social networking job opportunities available. Check them out at here.

style="text-align: center;">

Got a job posting to share with our readers? Post a job to Mashable today ($99 for a 30 day listing) and get it highlighted every week on Mashable.com (in addition to exposure all day every day in the Mashable marketplace).

/>

For more social media coverage, follow Mashable Social Media on Twitter or become a fan on Facebook

/>style="text-align: center;">

If you’re seeking a job in social media, we’d like to help out. For starters, Mashable’s Job Lists section gathers together all of our resource lists, how-tos and expert guides to help you get hired. In particular, you might want to see our articles on How to Leverage Social Media for Career Success and How to Find a Job on Twitter.

But we’d like to help in a more direct way, too. Mashable’s job boards are a place for socially savvy companies to find people like you. This week and every week, Mashable features its coveted job board listings for a variety of positions in the web, social media space and beyond. Have a look at what’s good and new on our job boards:

Mashable Job Board Listings

Senior Manager, Social Media & Marketing at Electronic Arts in Redwood City, CA.

The Senior Manager, Social Media & Marketing is responsible for developing, communicating and implementing a comprehensive social marketing strategy against EA’s priority titles and initiatives.

Read more about this opportunity here.

Area Sales Manager at AT&T in Tulsa, OK.

Join us as an Area Sales Manager-Internet.

Read more about this opportunity here.

Account Executive at Social Media Link in New York, NY.

This position demands a skilled and creative strategist, able to communicate technical topics in a clear and concise manner.

Read more about this opportunity here.

Social Media Strategist at iCrossing in New York, NY.

As a Senior Analyst in this group, you will help plan and execute social media marketing programs for clients.

Read more about this opportunity here.

Digital Strategy at Hill Holiday in Fairhaven, MA.

While serving as the digital marketing lead for a set of clients, you will build the case for digital solutions and help conceive and execute marketing programs that cross digital channels, integrate with offline media and push interactive innovation.

Read more about this opportunity here.

Art Director at Digitas in Philadelphia, PA.

The Art Director at Digitas will be responsible for the conception, design, and execution of innovative visual materials for integrated, cross channel initiatives including: large web initiatives, online advertising, digital marketing, direct marketing and/or print advertising.

Read more about this opportunity here.

Web Developer at Clorox Creative in Oakland, CA.

We are looking for a contract Senior Web Developer experienced in building modern web sites and web apps utilizing OO PHP5 and Javascript/Ajax functionality.

Read more about this opportunity here.

Experienced Front End Developer at Clorox Creative in Oakland, CA.

Looking for a true front-end HTML and CSS guru that hand codes.

Read more about this opportunity here.

Project Manager at Infuse Creative in Santa Monica, CA.

The Project Manager’s role is a mission critical client interface and project management role.

Read more about this opportunity here.

Vice President, Digital Strategy at Ketchum in New York, NY.

We’re looking for a Vice President/Digital Strategy to join our ranks, an individual deeply ingrained in media culture, “pull-not-push” marketing and the dynamics of on- and off-line community building.

Read more about this opportunity here.

Social Media Ambassador at Buick in Chicago, IL.

To kick-off this program, Buick is seeking three Brand Ambassadors in Chicago who will serve as the in-car Buick representatives during Tweet to Drive.

Read more about this opportunity here.

Facebook Engineer at Demandforce in San Francisco, CA.

Demandforce is looking for an outstanding individual to join the engineering team, reporting directly to the CTO.

Read more about this opportunity here.

Engineering Manager at Synacor in Buffalo, NY.

We are seeking an Engineering Manager to direct the development, creation, and modification of computer applications software and specialized utility programs.

Read more about this opportunity here.

Online Marketing and Engagement Manager at Make-A-Wish Foundation in Phoenix, AZ.

This position is responsible for the tactical implementation of online marketing and key audience engagement functions at the National Office to advance the Foundation’s goals in corporate and individual fundraising, mission delivery, chapter support and brand advancement.

Read more about this opportunity here.

Social Media Manager at PETA in Los Angeles, CA.

People for the Ethical Treatment of Animals (PETA) seeks a social media manager to lead PETA’s award-winning social media efforts which include PETA’s Facebook and Twitter presences, PETA’s popular blog, The PETA Files, and online activism efforts.

Read more about this opportunity here.

Community Editor at AOL in New York, NY.

Urlesque.com, AOL’s internet trends and web humor site, is looking for a NYC-based temporary freelance community editor to engage, grow and interact with the Urlesque audience.

Read more about this opportunity here.

Director of Engineering at Synacor in San Francisco, CA.

We are seeking a Director of Engineering who will be responsible for leading a team of Internet developers and architects in a fast-paced and quickly growing company.

Read more about this opportunity here.

Social Media Intern at All Wet Beachwear in Hollywood, FL.

We are seeking a Social Media Public Relations Intern who has the passion, drive and knowledge to develop an effective and cutting edge social media campaign.

Read more about this opportunity here.

Director of Engineering at Synacor in Buffalo, NY.

We are seeking a Director of Engineering who will be responsible for leading a team of Internet developers and architects in a fast-paced and quickly growing company.

Read more about this opportunity here.

Editor in Chief, Startup at Life and Home Style Digital Network in Los Angeles, CA.

You must have digital exp., knowledge and interest in consumer/lifestyle, emerging home design and its customers.

Read more about this opportunity here.

Manager, Marketing at Digitas in New York, NY.

Day-to-day management of all digital media (online advertising), offline media (print, direct mail) strategy, production and execution through strong partnership with extended teams.

Read more about this opportunity here.

Senior Platform Engineer at Gilt Groupe in New York, NY.

As a hands-on Senior Software Engineer for Gilt Groupe on our platform team, you’ll help develop and maintain the scalable data and services platform upon with the Gilt Group sites are built.

Read more about this opportunity here.

Application Engineer at Gilt Groupe in New York, NY.

The Application Engineer is responsible for developing applications for the production websites ranging from search, product presentation, usability etc.

Read more about this opportunity here.

Multiple Job Openings via UrgentCareer in New York, NY, Silicon Valley and elsewhere.

We currently are managing over 80 positions from more than 50 top companies.

Read more about this opportunity here.

Director, Social Media at National Association of Home Builders in Washington DC.

This position serves as the technical point of contact for the NAHB social media and social networking activities.

Read more about this opportunity here.

Social Media Applications Engineer at Triton Digital Media in Kentucky.

Triton Digital Media, a quickly growing media company,is looking for experienced social media application developers in Cincinnati, Ohio and the surrounding area.

Read more about this opportunity here.

Director, Online Content at National Association of Home Builders in Washington DC.

This newly created position is responsible for ensuring that NAHB’s website and social media networks clearly and effectively communicate the association’s messages, promotes its products and services and provides high-quality information and content to numerous publics.

Read more about this opportunity here.

Online Marketing Specialist at Quikbook.com in New York, NY.

Group of successful ecommerce travel websites seeks a new team member to head customer acquisition efforts.

Read more about this opportunity here.

Director of Engineering at Gilt Groupe in New York, NY.

Lead software development activities such as software design, development, unit testing, documentation, integration testing, deployment documentation, code reviews, adherence to software development standards

Read more about this opportunity here.

Senior Planner at Wunderman in New York, NY.

The Senior Planner (eCommerce) will articulate consumer insights to drive digital demand generation communications strategies and programs related to eCommerce for local sales units.

Read more about this opportunity here.

Youth Marketing Manager at PETA in Los Angeles, CA.

People for the Ethical Treatment of Animals (PETA) seeks a youth marketing manager to build awareness and recognition of PETA’s campaigns and reach the youth (teen, high school and college) audience with PETA’s message through media, special events and peer-to-peer marketing.

Read more about this opportunity here.

Manager of Creative Media Design and Development at The Children’s Museum of Indianapolis in Indianapolis, IN.

The Manager of Creative Media Design & Development is a hands-on management position responsible for the design, development, implementation and maintenance of gallery creative media to drive significant new and repeat visitation to the museum and to enhance the visitor experience.

Read more about this opportunity here.

Social Media Intern, Marketing at The Walt Disney Company – Disney Retail in Los Angeles.

The successful candidate will join our internal marketing team as an intern to monitor our social media presence, become an ‘intra-preneuer’ serve as a customer service agent, develop, implement and monitor successful campaigns resulting in real world results and author social media activities.

Read more about this opportunity here.

Sr Software Engineer at IGN Entertainment in San Francisco, CA.

IGN Entertainment is looking for a passionate Rails engineer who believes an agile development and believes in vertical ownership of technology stack. Experience with large scale production systems and Java is a plus.

Read more about this opportunity here.

Senior Digital Communications at Bayada Nurses in New Jersey.

We seek an experienced and results-driven Senior Digital Manager to join our Communications team to develop and direct digital strategies for Bayada Nurses.

Read more about this opportunity here.

Senior Storage Administrator at Synacor in San Francisco, CA.

We are seeking a Senior Storage Administrator who will work under limited supervision, administer all aspects of an advanced storage area network.

Read more about this opportunity here.

Senior Storage Administrator at Synacor in Los Angeles, CA.

We are seeking a Senior Storage Administrator who will work under limited supervision, administer all aspects of an advanced storage area network.

Read more about this opportunity here.

Webmaster at Pacific-10 Conference in Walnut Creek, CA.

The webmaster will oversee the editorial and technical operation of Pac-10.org and also contribute to our long-range site strategy and planning.

Read more about this opportunity here.

Analyst, Strategy and Analysis at Digitas in Detroit, MI.

The Digitas Strategy & Analysis Group is responsible for driving strategic thinking and economic insight across multiple client engagements

Read more about this opportunity here.

Sr Copywriter at Digitas in Philadelphia, PA.

As an Integrated Sr. Copywriter for Digitas you are responsible for the conception and execution of innovative copy for integrated, cross channel initiatives including large web initiatives, online advertising, digital marketing, print advertising and/or direct mail.

Read more about this opportunity here.

Customer Experience Manager at GigMasters.com in Redding, CT.

GigMasters.com, based in Redding, CT, is seeking an experienced manager to supervise our dynamic Customer Experience Team.

Read more about this opportunity here.

Product Manager, Mobile at HealthCentral in Arlington, VA.

Understand the company’s vision and lead product and business development for our mobile services in tracking health symptoms and care.

Read more about this opportunity here.

Front End Developers at Modea in Blacksburg, VA.

Modea is looking for developers who can create engaging, interactive experiences on platforms ranging from small micro-sites to large, global, multilingual enterprise systems.

Read more about this opportunity here.

Interactive Website Project Manager at TIG Global in Chevy Chase, MD.

As a result of continued growth and expansion, we are currently seeking an Interactive Website Project Manager

Read more about this opportunity here.

Director, Social Marketing at Yahoo! in Sunnyvale, CA.

We are seeking a dynamic, creative and innovative leader to drive social marketing programs at Yahoo!

Read more about this opportunity here.

Social Media Manager at Milestone Internet Marketing in Santa Clara, CA.

Milestone Internet Marketing in Santa Clara, CA is seeking a Social Media Manager within the travel vertical.

Read more about this opportunity here.

Intern – Social Media at Vans in Cypress, CA.

The Vans Direct to Consumer Communications intern assists the department with social media efforts both internally and externally

Read more about this opportunity here.

CSS Producer at Buddy Media in New York, NY.

Work extensively implementing sites into our Platform/CMS from HTML/CSS templates.

Read more about this opportunity here.

Mashable’s Job Board has a variety of web 2.0, application development, business development and social networking job opportunities available. Check them out at here.

style="text-align: center;">

Got a job posting to share with our readers? Post a job to Mashable today ($99 for a 30 day listing) and get it highlighted every week on Mashable.com (in addition to exposure all day every day in the Mashable marketplace).

/>

For more social media coverage, follow Mashable Social Media on Twitter or become a fan on Facebook

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Howard Dean Lashes Out at Fox <b>News</b> ... During an Appearance on Fox <b>...</b>

"Fox News did something that was absolutely racist."

How Fox <b>News</b> Covered Shirley Sherrod Story | Fox <b>News</b> | Mediaite

Since we broke down how Fox News' coverage could not have possibly led to Shirley Sherrod's forced resignation, the story of FNC's coverage has remained a hot topic on cable news. Dan Abrams and Rick Sanchez debated it, Howard Dean and ...

Francine Hardaway: <b>News</b> Died This Week

But both the news and journalist Daniel Schorr died this week. Schorr died peacefully after a long and productive life. The news, however, was murdered. Unworthy commentators destroyed news.

about internet marketing

Susan Payton is the President of Egg Marketing & Public Relations, an Internet marketing firm. She blogs at The Marketing Eggspert Blog. Follow her on Twitter @eggmarketing. Download her newest e-book, “Content is Queen: How Article & Blog Writing Will Increase Your Sales.“

Companies love positive feedback. They share it on Twitterclass="blippr-nobr">Twitter, post it on their website and use it as marketing fodder. But what about when feedback is, well, less than pleasant? What can you do with a handful (or more) of irate customers? Do you ignore them? Bury them out back? Not in today’s social atmosphere.

Rather than try to sweep these unhappy customers under the rug, look at them as a challenge and an opportunity to improve your brand and leverage them for some publicity.

Why You Want Angry Customers

Well, maybe you don’t want angry customers, but let’s be honest — you’ll never have 100 percent customer satisfaction. No one does. So use those unhappy customers to better understand what you’re doing wrong, and learn from the experience. And while you’re at it, turn the angry customers into brand evangelists.

There are several ways to connect with unhappy customers in a meaningful way:

• Hold a panel or forum in person; give them a tour of your facility and hold a venting session
• Work virtually; host an online panel to get feedback from them
• Work one-on-one to understand their concerns and address them individually

In-Person Events

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Dell recently held its first Customer Advisory Panel event at their headquarters in Round Rock, TX. They invited two groups of 15 bloggers and social media gurus. One group was full of people who had negative experiences with the company and who were vocal about their displeasure. The second group was made up of people that Dell considered brand evangelists; people who loved Dell and told others.

The attendees started the morning with their gripes; customer service issues came up again and again. The heads of customer service and marketing were present and actively engaged. As they listened, they took notes, then asked questions and they promised they would make changes.

That type of customer empowerment is important. Now, whether they’ll go through with the promised changes is another story, but it was clear that Dell understood it was time to start paying attention to the public’s perception of its brand, and make some changes to keep their customers.

Nestlé is another company that has been successful at holding an event to let people engage with its brand directly. After a resurgence in interest in the Nestle Boycott a few years ago, Nestlé decided to invite a group of bloggers to what it called its “Happy, Healthy Gathering” in 2009. Mommy bloggers, who’d been tweeting up a storm about the company’s stance on breastfeeding in third world countries, were invited to tour the facilities and give their input on the company.

Whether the event truly changed perceptions remains to be seen, but it did a great deal to show that Nestlé was putting in the effort to reach its audience.

Disclosure: I was one of the bloggers invited to participate Dell’s Customer Advisory Panel.

Virtual Panels

Virtual panels are decidedly less effective than in-person ones. But they can be good replacements for focus groups. Pssst is General Mills’ online testing ground for new products. The company sends participants coupons and free products to try, and in return they are asked to fill out surveys. The program is so successful that bloggers who write about saving money are gladly turning others onto joining Pssst.

Similarly, the Starbucks Passion Panel was designed to get customer feedback — for better or worse. The community of Starbucks drinkers gives their input via surveys and forums.

Passion Panel member Jennifer Boyd said, “Being on the Passion Panel means that I have access to direct input and discussion with other members. It enables me to give my opinion on Starbucks’ current and future products through surveys. The panel is a great way to engage with their loyal customers and solidifies a relationship with a consumer to a brand.”

Wal-Mart’s Elevenmoms platform is another example of how a mix of online community, shopper experience and in-person visits can work together to help the company gather new insights. John Andrews, former Senior Manager of Emerging Media for Wal-Mart and founder of the Elevenmoms, said the community succeeded in getting Wal-Mart’s attention in a few areas where it was lacking.

When the iPhone was launched in Wal-Mart stores, the Elevenmoms were invited to go through the purchase process. Some had no problems, but others did. It took one blogger two hours to buy a phone. Each blogger published her experience, and Wal-Mart took the feedback to its operations staff, who took notes and improved the purchase process.

“The Elevenmoms used direct social media interaction to improve the shopping process,” said Andrews.

Other feedback caused Wal-Mart to reconsider its layaway strategy. Having canceled the layaway plan due to costs, Wal-Mart got some flack from the Elevenmoms, who felt it made it easier to make big purchases. As a result, Wal-Mart developed its Site to Store platform, which provided the benefit of layaway online, so that local stores didn’t incur extra costs.

Disclosure: John Andrews now works with Collective Bias, a company with which I have collaborated on projects.

One-on-One

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Solving a customer’s problems and changing their perception individually is the least cost-effective method, but a little work goes a long way. And it starts with customer service personnel being properly trained to solve problems, and not to simply stick to “the script” at all costs. Look at Zappos or Disney for great examples of how service reps are empowered to solve problems.

Disney empowers each of its “cast members” (staff) to solve a guest’s problem. From the street sweeper to the reservation specialist, everyone has the ability to turn a negative situation into a good one. That might mean replacing a fallen ice cream cone, upgrading a guest’s hotel room, or simply answering politely the most commonly asked question on Disney property: what time is the three o’clock parade?

Disney is so good at customer service, they’ve opened the Disney Institute, a customer service training program helps other corporations use the same techniques that has made Disney such a success.

Likewise, Zappos is also famous for its customer service tactics. The reps don’t use scripts, and seem to genuinely care about solving problems. Many customers are pleasantly surprised when their shipping gets upgraded and they get their shoes even faster – at no additional charge.

By providing instant happiness to the customer, these brands can prevent a lot of the bad karma that comes down the road when an unhappy customer becomes an enraged customer who tells everyone he knows about how bad the company is (no one wants their own version of DellHell).

Conclusion

No matter how you interact with unhappy customers, the point is not to brush them off, and make sure you learn from it. Don’t just pretend to listen and then go on doing business as usual. Take the feedback as constructive criticism that can help you determine your company’s future. How you handle your failures could make you or break you.

More Business Resources from Mashable

- HOW TO: Evaluate Your Social Media Plan/> - Why Your Next Business Card May Be Virtual/> - HOW TO: Improve B2B Sales Productivity with Social Media/> - HOW TO: Use Social Media for Lead Generation/> - HOW TO: Use QR Codes for Small Business Marketing

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I’m Neil Glassman and my beats for Social Times include social media marketing and advertising tools, techniques and success stories. Sometimes my posts go off on a tangent, focusing on small business social media issues or research with broader implications.

How did I get the gig? Well, I certainly did not tell Nick O’Neill the whole story that follows.

I didn’t realize growing up that AM radio was one of the original social networks. It had Top 40 formats (mashups), DJ shout outs (tweets), contests to win logo T-shirts (badges) and exclusive clubs to which everyone belonged (Facebook groups).

I got into late night talk shows (blogs), which had an intimacy and affinity with listeners that radio has lost and web social networks have yet to fully discover. My parents didn’t think it was such a great idea for me to stay up late listening on school nights and took away my TV privileges for one night as punishment. That was the night of The Beatles’ first appearance on Ed Sullivan.

My luck with media improved over the years and I found myself marketing technology for media companies. My training was much like everyone else’s in the field: a box of Mad Magazine “best-of” books, learning how to touch-type and a brief career teaching emotionally disturbed junior high schoolers.

In the beginning, I worked with startups, turning underdogs into wonderdogs. Recently I’ve helped a few companies avoid a mid-life crisis. Whatever my responsibilities are for a particular company, my favorite part is finding ways to present a solution to the marketplace and having the marketplace react by saying, “Ah-Ha!”

Successful marketing means thinking outside the box while delivering campaigns inside the box. I leaped on the web-based and electronically delivered marketing platforms very early and with good success. When Nick put out a call for writers on marketing and advertising, I thought it was a cool opportunity and am grateful to have been chosen to contribute to Social Times. My posts are a great way to share my explorations of the potential of the social web, not just for marketers, but for the world’s cultures.

As marketers, our first priority is to develop campaigns that are effective. If we manage to leave a slogan, image or song in our collective unconscious in the process, that’s a great bonus. In my collaborations, I’ve had the chance to participate in some firsts — at least I think they were firsts. If you know something I don’t, teach me.

The first music video shown on TV that was shot and produced totally on video — no film conversion at any step. The Towel Tapes, February 1979.

Marketing the first hardware product to include mp3. Telos Zephyr, April 1993.

The first time the Internet ground to a halt because too many were trying to log in to a multimedia event. Streaming George Clinton concert audio to demonstrate Macromedia Shockwave, the precursor to Flash. November 1996.

On the personal front, I’m a New Yorker with a huge appetite for great songwriters and musicians of diverse genres. Tweet me and I’ll send you a link to my calendar of all the free concerts in town this summer.

Blogging works best when it’s participatory, so join in the conversation with the talented team on Social Times. Pitch me ideas for posts about using social media for marketing and advertising. Don’t forget to include how you are going to make the market say, “Ah-Ha!”

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personal finance

J.D.’s equation is correct, but it’s only part of the story. cash flow is in fact income minus expenses like the article states. However, cash flow does not correlate directly to wealth. You would naively think that wealth is the integral of cash flow with respect to time. It isn’t.

Suppose you earn $50,000. You immediately spend this money on building supplies and build a house with it. Your net cash flow is $0, but you now have a house that’s worth more than what you paid for it. You’ve got a property with a value of, say, $60,000. This is investment. Certainly you needed some cash flow to start the investing process, but cash flow itself is not wealth. Also, you now have the ability to generate $60,000 new dollars in positive cash flow by selling the house you built, in which case you can invest in something new.

The average American household income is about $3,000/month, after taxes. If you spend *all* of that on living expenses, you will never save your $50,000 to build your house. If you manage to cut your living expenses by half, you can now save your $50k in about three years. However, if instead you were able to double your income, you could save your $50k in half that time. If you take this even further and double your income again (to $12k/month) you could save you $50k in only 6 months. However, if instead you cut your living expenses by half a second time (to $750/month) it would still take you 22 months to save $50k.

You quickly hit a point of diminishing returns with cutting expenses, where each additional percent cut from your budget buys you less and less. The opposite is true for increasing your income. There is absolutely no way to save $50k in less than 16 months on $3,000/month. However, if you’re making enough money, there’s no limit to how fast you can do it.

Here’s one more example that’s not so extreme:

Set a goal to save $250,000. Pretend you want to buy a house in cash.

Start off with the same $3,000/month salary.

Start with the same $3,000/month living expenses.

Scenario 1: Your living expenses never change, but each year, you manage to increase your income 7% over the previous year. This seems feasible, it’s not a “get rich quick” scheme, you can probably find some way to improve your performance in whatever business you’re in by about this much.

You save your $250,000 in a bit over 12 years. At the end of the 12 years, you make about $120k/year. This is definitely a good salary, but it’s not ridiculously, infeasibly high.

Scenario 2:

You keep the same salary every year, but cut your expenses by 7%.

You save your $250k in 17 years, which is significantly longer. You’re also living on $920/month at the end of this, which is probably infeasible in real life. You just can’t keep cutting and cutting and cutting to this degree.

Scenario 3:

You combine both 1 and 2, both increasing your income by 7% every year, and cutting expenses the same amount. You’d think this would make a huge difference, right?

You’ll save your $250k in 10 years. This is definitely an improvement over either one of the other scenarios, but it’s not nearly the same sort of improvement you see if you solely increase income instead of solely decreasing spending. It also requires you to live on $1500/month at the end, which is certainly a lot more feasible that $920, but you still may think that’s a bit low.

This whole calculation ignores inflation (meaning, your 7% raise per year is probably more like 10% in absolute terms). It also means that at the end, when I say you’re living on $920/month, that’s $920 dollars at 2010 value, not 2027 value.

This is essentially the same concept that J.D. likes to call ‘the power of compound interest’, except applied in a slightly different way.

One other note on this example: selling your ’stuff’ makes almost no difference here. Even assuming you had $10k worth of stuff to get rid of at the beginning of this, it only buys you a few extra months in any of these scenarios. This is because a single, one-time influx of $10k is small in a scenario that takes 10-17 years to play out. At the end of these scenarios, you’re saving in the ballpark of $2000-$5000 every month. The extra $10k just isn’t that big of a deal any more. Selling ’stuff’ can help you reduce debts and stop paying interest to other parties if you can do it all at once, but it really doesn’t help you build long-term savings very well.

I know the site is called “get rich slowly”, but I like to think that is meant to convey an idea of perseverance and the fact that “get rick quick” schemes don’t work. It’s not meant to imply you should go artificially slower than you have to, just because.

In short: ask for a raise every year, even if you don’t always get it. Don’t be afraid to take a job at a competing company if they’ll offer you a better salary (assuming the job is otherwise similar). You don’t need to start your own company to make a few more percent every year. Just be valuable in your industry, show that to your employers, and don’t be afraid to ask for raises.

The Real Damage Calculates the True Cost of a New Purchase on Your Credit Card

Webapp The Real Damage calculates the true price of adding another purchase to a credit card that's already carrying a balance.

The best way to avoid throwing away money on credit card interest is simply to not carry a balance. (A good portion of Lifehacker readers pay off their cards every month.) But if you're in the process of digging out from credit card debt, it can still be tempting to put the occasional purchase on the card, particularly if it's not that expensive. The catch, of course, is that if you take the added interest that accrues on the increased balance of your debt into account, over time that price quickly grows—and that's the dollar amount The Real Damage focuses on.

Plug in the price tag of an item you're interested in, along with the APR, balance, and your current monthly payment on your credit card, and it'll figure out the true damage. Once you've got a more accurate picture of the price, then you can decide if it's worth it.

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In 2006, recent Harvard grad Alexa von Tobel was headed for a job at Morgan Stanley. But though she would soon be managing the bank’s investments, she realized she didn’t know the first thing about her own finances. Most financial guides seemed to be written for middle-aged readers with millions in assets, rather than recent college grads. "I was reading every book I could find, but none of them spoke to me," she says. So she came up with the idea for LearnVest, an online personal-finance resource for young women like her, and ended up writing an 80-page business plan.

After two years at Morgan Stanley, von Tobel entered Harvard Business School in 2008. But upon winning a business plan competition held by Astia, a non-profit that supports women entrepreneurs, she took a five-year leave of absence and invested $75,000 of her Wall Street earnings to start LearnVest in November. She quickly enlisted advisors, including Betsy Morgan, the former CEO of the Huffington Post, and Catherine Levene, the former COO of DailyCandy, to help develop the site’s content and technology. In January 2009, she secured $1.1 million in seed funding from executives at Goldman Sachs.

LearnVest’s site launched a year later and has since signed up more than 100,000 members. It offers online budgeting calculators, video chats with certified financial planners on the company’s staff, and free e-mail tutorials on topics such as opening an IRA. The company earns revenue from advertising and by referring its users to companies such as TD Ameritrade. In April, after just four weeks of fundraising, von Tobel closed a $4.5 million investment round led by Accel Partners, which has also invested in Facebook and Etsy. (Incidentally, Facebook CEO Mark Zuckerberg lived in the same dorm as von Tobel at Harvard.)

Von Tobel likens LearnVest to an online version of The Suze Orman Show, but with the goal of reinforcing positive finance habits early on. “Suze Orman helps 45-year-old women get out of debt,” she says. “Why not reach 20-year-olds to keep them from getting into debt?”

Elon Musk, the CEO of electric-car startup Tesla Motors and rocket-launcher SpaceX, should be applauded for the mighty challenges he’s taken on and the powers of persuasion he has deployed to build his companies. But along the way, he discovered that he could stretch the truth, casually and frequently, as a shortcut to getting things done.

Clad in a sheen of bubbly optimism, his mendacity nonetheless has consequences. Through Tesla’s IPO, he has now taken hundreds of millions of dollars from taxpayers and public investors who expect not just a return but square dealing from the man who is managing their company for them.

So where has Musk spun the facts?

Critical reporting

Well, let’s go with the most recent one: He’s lied about me, and VentureBeat, apparently in retaliation for our aggressive and accurate reporting.

In an article published by the Huffington Post, he calls me “Silicon Valley’s Jayson Blair.” He accused me of making errors, but never once specified them. Here’s the truth: I cited Musk’s own words from court filings, which we had paid a freelance reporter to find and copy, legally, from a courthouse in Van Nuys, Calif. I also interviewed a host of other sources. I emailed Musk questions and called his lawyer repeatedly before publishing. We went to extra lengths to nail down the facts: Before publishing, VentureBeat editor-in-chief Matt Marshall called Musk and had interviews with at least three Tesla board members.

We make no apologies for seeking the truth about Tesla Motors and Elon Musk, a vital company and an iconic entrepreneur of Silicon Valley. Our reporting (here’s one example of our series) helped investors get a more truthful picture of a company that was going public and the man behind it.

Musk also accused me of “collaborating” with the lawyer representing Justine Musk, his ex-wife, in their divorce case. Also false: I picked up the phone and called her lawyer, and he had the courtesy to answer my questions.

Now, we should all be used to Musk insulting journalists who don’t report what they’re told to. But calling someone a “Jayson Blair” is a troubling assertion to anyone who prefers his insults to have a factual basis.

When I ran fact-checking at Business 2.0 magazine, here’s what I would have asked the writer to prove before I’d let him get away with that kind of factual assertion: So, you want to compare this Owen Thomas person to one of journalism’s most infamous miscreants. Is Owen Thomas a drug addict? Is Owen Thomas mentally unstable? Has Owen Thomas plagiarized or invented facts? The answer to all of those, in case you were curious, is no.

And so out comes the chief of reporters’ red pen.

The one specific claim Musk made about my reputation was that I had written that he was broke. Not true. If you review the story I reported on his personal finances and their impact on Tesla, you’ll see I merely quoted Musk’s own words from his divorce filing, in which he said that he “ran out of cash.”

When VentureBeat first started raising questions about Musk’s personal finances, his expensive divorce case, and the impact they might have on Tesla’s IPO, a Tesla spokesman initially said that the company had no plans to update its IPO prospectus to reflect our reporting. However, in the end, Tesla updated its SEC filings to acknowledge substantially all of the concerns we raised as potential risk factors investors should consider.

That is the ultimate correction of the record, and it stands today.

Musk’s personal spending

There are other whoppers in Musk’s piece, such as the suggestion that of the $200,000 per month he’s spending, a mere $30,000 a month is going to his own personal household expenses, with the rest going to legal fees in his divorce case. Actually, the figure he told a court is $98,023 a month, according to filings in that case, including $50,000 a month in rent.

The founding of Tesla Motors

An aside to Musk: Making false statements is something the law frowns on.

Oh, but wait, Musk should already know that. He and I met in San Francisco in 2008 for drinks, and over the course of the evening, he made several disparaging remarks about Tesla Motors cofounder Martin Eberhard’s management of the company before Musk had ousted him as CEO — specifically, Musk alleged, for misrepresenting the cost of making the Tesla Roadster. In 2009, Eberhard sued Musk for defamation, citing the comments Musk had made to me, among others. Musk filed a scathing response to the lawsuit, repeating many of his negative claims about Eberhard.

Then it headed to mediation, and the case was settled. Eberhard’s lawyer declared himself “very pleased” with the result, and Tesla issued a press release in which Musk said that Eberhard had been “indispensable” to the company in its early days.

The safety of customers’ deposits

When Tesla’s finances were at their most perilous, in the winter of 2008 and spring of 2009, the company was dependent on advance reservation payments from customers for cash flow. The company’s cash balance had run down to $9 million, and the company was struggling to raise $40 million in convertible debt. (He announced that that round had closed in November 2008, while in fact, according to Tesla’s SEC filings, it did not close until March 2009.) To raise funds in the meantime, Tesla began taking deposits on the Model S sedan, even though that car was far from production, and continued taking deposits on Roadsters. Musk first told customers that he would personally guarantee the deposits they were placing, “even in the worst case of an Armageddon scenario.” Then he said that their deposits were completely at risk and they could lose all their money. One of those statements had to be false.

Musk’s history as an entrepreneur

In persuading other investors to back Tesla Motors, Musk has frequently traded on his past success as an entrepreneur at companies like Zip2 and PayPal. But Zip2 was so troubled that one of its venture capitalists, Derek Proudian, had to step in as acting CEO, a move rarely seen at venture-backed companies. And Musk was ousted as CEO of PayPal by his own management team. To this day, Musk tells a version of PayPal’s history that few who were there at the time agree with.

Tesla’s investors

Most dangerously, Musk has repeatedly made misrepresentations about Tesla’s finances. In February 2009, he sent a letter to customers saying that Tesla would start getting funds from a Department of Energy loan in four to five months. In fact, it had not received the loan at that point and there was no certainty it would get it, a point a Tesla spokeswoman had to clarify. (Tricky, that, saying your CEO had misrepresented the facts without calling him a liar.)

He also said Tesla would turn profitable in 2009. Of course, it didn’t, as the company’s published financials later revealed. (Musk later claimed, using questionable accounting whose details have never been revealed, that the company had been profitable for one month of the year.)

In an interview for the May 2009 issue of Car and Driver, he told that magazine’s readers that General Electric had become an investor. It hadn’t, and it never did, according to Andy Katell, a GE spokesman who spoke with me at the time.

The Toyota deal

After unveiling an agreement to buy the NUMMI plant in Fremont, Calif., from the Toyota-backed joint venture which owned it, Musk claimed that Tesla and Toyota planned to jointly develop several models of cars and build them at NUMMI. It’s true that he got Toyota CEO Akio Toyoda to stand next to him and make grand promises. But in fact, as the company later revealed in its SEC filings, Tesla and Toyota had no agreement to develop any cars, and there was no guarantee that they ever would.

The pity of it all is this: I don’t believe Musk twists the truth out of malice. Rather, at this point, it may well be out of habit. He’s so used to getting his way that future possibilities just seem like present realities to him. And pragmatically, it’s worked. Whenever Tesla has been in a bind, Musk has spun his way out of trouble.

It’s a character trait of which elements are found among many successful entrepreneurs: the compelling presentation of an alternate reality in the hopes that so many people will sign on to the vision that it comes true. Apple CEO Steve Jobs, for example, is so masterful at this that people speak of his reality distortion field. But Musk may have taken distortion to extremes.

The question now is whether Musk’s past habits will serve him well as the CEO of a publicly traded company. Already, it seems the investors who have entrusted Musk with hundreds of millions of dollars are having doubts. With shares of Tesla having already fallen by nearly half since their post-IPO pop, perhaps Musk’s bubble is finally deflating.

But those who are still sticking with the company should ask themselves this: Has Tesla adequately disclosed to investors the risk of its CEO’s curious relationship with the truth?

Next Story: Blizzard Entertainment relents on the use of real names in comments for its game forums Previous Story: Toyota: We’re already building a car to test Tesla’s battery

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personal finance and budgeting

Here’s a timeline of this presentation:

• The question


• The expenses side: What would you cut first in order to survive?


• The income side: How could you double your income next month?

In order to derive any benefit, you’ll need to really adopt the mindset implied in the question. Don’t focus on whether it’s possible, but instead on what would realistically be the first expenses to go and the first steps to replacing the income.

Once you’ve made a list for both sides of the question, you’ll want to review it for any areas that seem realistic, even at your current full income. For example, your first steps may include selling an extra car, canceling an expensive cable package, and slashing your grocery budget in half. In this situation, you’ve likely brainstormed areas of your budget where you aren’t spending as optimally as you may like. You may choose to go ahead and try some of those options out, or at least take steps to narrow the gap between your life at 100% income and your life at 50% income levels.

The same process is important when attempting to make the income back as quickly as possible. Realistic options could include enrolling in a course (applying for aid if needed), launching a side business, and/or picking up new clients or leads. Nearly every time I brainstorm options for doubling my business income, I unearth something I hadn’t thought of before. Acting on these new ideas has helped me tremendously in generating new income (even if it doesn’t immediately double it)!

The next time you’re feeling a bit complacent in your finances, try exploring this simple question. What would be the first expenses you’d cut in order to survive on only half your income? What would be the first steps you’d take if you had to earn it back? I think you’ll be pleasantly surprised by the results of this experiment!

In 2006, recent Harvard grad Alexa von Tobel was headed for a job at Morgan Stanley. But though she would soon be managing the bank’s investments, she realized she didn’t know the first thing about her own finances. Most financial guides seemed to be written for middle-aged readers with millions in assets, rather than recent college grads. "I was reading every book I could find, but none of them spoke to me," she says. So she came up with the idea for LearnVest, an online personal-finance resource for young women like her, and ended up writing an 80-page business plan.

After two years at Morgan Stanley, von Tobel entered Harvard Business School in 2008. But upon winning a business plan competition held by Astia, a non-profit that supports women entrepreneurs, she took a five-year leave of absence and invested $75,000 of her Wall Street earnings to start LearnVest in November. She quickly enlisted advisors, including Betsy Morgan, the former CEO of the Huffington Post, and Catherine Levene, the former COO of DailyCandy, to help develop the site’s content and technology. In January 2009, she secured $1.1 million in seed funding from executives at Goldman Sachs.

LearnVest’s site launched a year later and has since signed up more than 100,000 members. It offers online budgeting calculators, video chats with certified financial planners on the company’s staff, and free e-mail tutorials on topics such as opening an IRA. The company earns revenue from advertising and by referring its users to companies such as TD Ameritrade. In April, after just four weeks of fundraising, von Tobel closed a $4.5 million investment round led by Accel Partners, which has also invested in Facebook and Etsy. (Incidentally, Facebook CEO Mark Zuckerberg lived in the same dorm as von Tobel at Harvard.)

Von Tobel likens LearnVest to an online version of The Suze Orman Show, but with the goal of reinforcing positive finance habits early on. “Suze Orman helps 45-year-old women get out of debt,” she says. “Why not reach 20-year-olds to keep them from getting into debt?”

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Maybe you run a small business or you're creating a new personal budget, and you need some finance software, but you're reluctant to spend the money. Are there programs that can meet your needs whilst remaining free? The answer is yes, and it lies in wonderful programs oft referred to as 'opensource.' Opensource software is often as sophisticated as 'professional' software-if not more-and free to download and use. Below is a list of the best opensource finance software.

1. GNUCash - this is a double entry book-keeping finance program, best used for personal book keeping. It comes complete with a mortgage and loan repayment druid, OFX and QIF import, HBCI support, transaction-import matching support, (Limited) multi-user SQL support, multi-currency transaction handling, stock/mutual Fund portfolios, and online stock & mutual fund quotes; it also comes with small business accounting features if you are running a small business and can't afford a high end program. Mac OS X only

2. JCash - "JCash is a full featured, Java based money management application. It will provide all of the standard checking and expense account management functions, planning and budgeting capabilities and synchronization with the PCash PalmOS application" http://sourceforge.net/projects/jcash/

3. PayThyme - PayThyme is a payroll software package that is sophisticated and can easily keep track of any and all payrolls you may have. Useful for both the small and large business owner.

4. phpOrganisation - This is an SQL and PHP web-based organization system for small and medium sized businesses. It can be used to easily organization one or more accounts and can be accessed from anywhere via the web.

5. QuantLib - A full finance library, with many, many features. An excerpt from their website says "QuantLib offers tools that are useful both for practical implementation and for advanced modeling, with features such as market conventions, yield curve models, solvers, PDEs, Monte Carlo (low-discrepancy included), exotic options, VAR, and so on."

7. QuotesViewer - Free Euronet Stock Browser software. "QuotesViewer is a graphical tool giving you easy and fast access to all quotes of shares on the Euronext stock exchange. Quotes information can be searched and sorted on different criteria, ie. market, ISIN code, mnemonic, name, price, volume. You can add your favourite stocks to a watchlist." http://quotesviewer.sourceforge.net/

8. Grisbi - Grisbi is much like GNUCash, listed first in this article, save that it is simpler and with less features. Ideal if you do not need all the extra features; ie, personal book-keeping, not small business. It comes with some of the features offered by GNUCash, including: Multi-account and multi-currency handling, amongst others.

This is just a small list of the best opensource finance software I could find. There are several others I did not install and test, either because they weren't compatible with a PC, or they seemed very similar to one already listed here. If you have any you think should be added to this list, feel free to leave me a note in the comments box.


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Daily <b>News</b> Moving Downtown

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Tropical Trouble? « FOX <b>News</b> Weather Blog

Good morning all! Just read that New York is about to have its hottest July on record, and I can.

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personal finance and budgeting

What a fantastic basic concept.

Hitler lost the second world war because he attacked Russia too soon. udervise ve vood all be speeking Deutsch now.

We employed the alternative massively effective budgetting tool.

Be a self employed Engineer for 15 years with take home pay of £50K a year and spend it all (and more besides, because ‘I want one of those NOW’) because ‘my jobs safe’.

Watch as the banks destroy the worlds finances.

Suddenly realise that over 90% of British industry is ultimately owned by Japanese investment banks, who suddenly have no money to fulfill their legal obligations to complete legislation driven improvment projects.

Watch as my £50K a year take home falls to ZERO.

Start a brand new business with Kleeneze (sorry not available in the USA) Which although it’s building really well is , after all, a business and needs time.

Suddenly HAVE to live on £18K a year GROSS.

Best Motivation for re-inventing your budget that anyone can have LOL.

We used to spend about £1,000 a month on groceries, now we spend around £300 a month, AND we eat more healthily.

Fortunately the finance on my car ended a month after our income disappeared saving us £375 a month.

We’ve sold my wifes’ car (THAT hurt) it was a really nice car, but it was costing us £489 a month in finance.

We’ve moved to a cheaper house saving us £400 a month in rent.

We’ve cancelled everything that wasn’t absolutely essential - including SKY and the TV license (It’s true, you don’t die if you turn the telly off!)

We still have creditors who we’re negotiating reduced payments and frozen interest with, but basically we are starting again from scratch.

We won’t fall into the credit trap again

Certainly not in the next six years or more ‘cos no-one in their right mind will give us credit now anyway!!

The one thing that keeps coming back to me though is

WHY aren’t our schools teaching kids how to budget? It’s a thousand times more important than even the basics.

Who cares if you can’t spell budgit if you can make one and stick to it.

It CAN’T be one of the things that are left to parents because nobody ever taught us!

Back to subject,

Your article is brilliant and if it helps one person (which I’m sure it already has) to get out or stay out of debt then you’ve done a service to humanity.

Keep it up &

we’ll see you

OVER the top

In 2006, recent Harvard grad Alexa von Tobel was headed for a job at Morgan Stanley. But though she would soon be managing the bank’s investments, she realized she didn’t know the first thing about her own finances. Most financial guides seemed to be written for middle-aged readers with millions in assets, rather than recent college grads. "I was reading every book I could find, but none of them spoke to me," she says. So she came up with the idea for LearnVest, an online personal-finance resource for young women like her, and ended up writing an 80-page business plan.

After two years at Morgan Stanley, von Tobel entered Harvard Business School in 2008. But upon winning a business plan competition held by Astia, a non-profit that supports women entrepreneurs, she took a five-year leave of absence and invested $75,000 of her Wall Street earnings to start LearnVest in November. She quickly enlisted advisors, including Betsy Morgan, the former CEO of the Huffington Post, and Catherine Levene, the former COO of DailyCandy, to help develop the site’s content and technology. In January 2009, she secured $1.1 million in seed funding from executives at Goldman Sachs.

LearnVest’s site launched a year later and has since signed up more than 100,000 members. It offers online budgeting calculators, video chats with certified financial planners on the company’s staff, and free e-mail tutorials on topics such as opening an IRA. The company earns revenue from advertising and by referring its users to companies such as TD Ameritrade. In April, after just four weeks of fundraising, von Tobel closed a $4.5 million investment round led by Accel Partners, which has also invested in Facebook and Etsy. (Incidentally, Facebook CEO Mark Zuckerberg lived in the same dorm as von Tobel at Harvard.)

Von Tobel likens LearnVest to an online version of The Suze Orman Show, but with the goal of reinforcing positive finance habits early on. “Suze Orman helps 45-year-old women get out of debt,” she says. “Why not reach 20-year-olds to keep them from getting into debt?”

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Having a discipline about personal finance budgeting is an important part for anyone in search for financial freedom. Being in charge of your finances is an initial step to building the life you always long for and the fastest and simplest way to do this is through budget. The most difficult part about personal budgeting is the emotional and psychological side of the equation. Want to know why?

The behavior of most people towards money is one main reason why most of them face financial problems. Their desire to some things supersedes their common sense and before they actually know it they already have a house full of things that usually lead them to paying for twice or thrice over. Experts say that personal finance is 80% attitude and 20% arithmetic.

Therefore if you are wise enough you know the right way to spend your own money. And by following secrets below, you will surely lead yourself on the right road.

1. Keep a record of your everyday expenses. This is probably the hardest part about budgeting. One effective way to do this is to have a ledger or a log book where you can record your everyday expenses.
2. Before shopping, it's always better to have a list of the things that you only need to buy. Make sure that you buy only your necessities. And when you already at the store, stick to your list. Never buy things that are not included on your list.
3. Always think first before committing yourself into large purchases. More often that not, you will only realize that you don't need it once you think it over.

Personal finance budgeting is about being responsible of your own money. It is also knowing and stopping those attitudes that only cost you too much money.


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personal finance blog

I met James Montier at a value investment seminar in Italy in 2007 where he presented. We had long discussions later the day and into the evening on value investing and investment strategy.

James was kind enough to put me on his distribution list and I really looked forward to each of his articles as they always taught me something.

Unfortunately James decreased his writings since taking a position with the asset manager GMO in 2010.

I decided to put this resource page together so Eurosharelab visitors can also benefit from James’s investment wisdom.

James Montier’s Amazon Page shows all the books he has authored as well as the following short biography:

James Montier is a member of GMO’s asset allocation team.

Prior to that, he was the co-Head of Global Strategy at Société Générale and has been the top-rated strategist in the annual Thomson Extel survey for most of the last decade.

Montier is the author of four market-leading books:

• The Little Book of Behavioral Investing: How not to be your own worst enemy (Little Book, Big Profits)

• Behavioral Finance: Insights into Irrational Minds and Markets

• Behavioral Investing: A Practitioners Guide to Applying Behavioral Finance

• Value Investing: Tools and Techniques for Intelligent Investment

He is a Visiting Fellow at the University of Durham and a Fellow of the Royal Society of Arts.

2010

In this May 2010 article called I Want to Break Free, or, Strategic Asset Allocation does not equal Static Asset Allocation James Montier talks about in the beginning investing was a simpler and happier.

The essence of investment was to seek out value; to buy what was cheap with a margin of safety. Investors could move up and down the capital structure (from bonds to equities) as they saw fit. If nothing fit the criteria for investing, then cash was the default option.

But that changed with the rise of modern portfolio theory and, not coincidentally, the rise of “professional investment managers” and consultants.

In March 2010 Miguel Barbosa in his Simolean Sense blog interviewed James Montier about his book Value Investing: Tools & Techniques For Intelligent Investing.

In the second part of the interview Miguel talks to James about his other book The Little Book of Behavioral Investing – How Not To Be Your Own Worst Enemy.

In this February 2010 article, the first since joining GMO, James Montier asks Was It All Just A Bad Dream? Or, Ten Lessons Not Learnt from the financial crisis.

2009

In November 2009 article titled Only White Swans on the Road to Revulsion James Montier makes the argument that that the housing bubble and the crisis following its collapse was not an unforeseen event but rather the result of over optimism and the illusion of control, two classic human behavioural mistakes.

This article is the text of a speech called Six Impossible Things Before Breakfast, or how EMH has damaged our industry which James Montier delivered at the at the August 2009 CFA UK conference on “What ever happened to EMH”. Dedicated to Peter Bernstein (EMH = Efficient Market Hypothesis)

Here is the video recording of the above mentioned speech by James Montier: Six Impossible Things Before Breakfast. The video is 42 minutes long, but well worth watching.

The financial times in this 24 June 2009 article EMH, AMH: Edwards and Montier ride again motions James Montier leaving Societe Generale to join US investment manager Grantham Mayo Van Otterloo & Co, just after he and Albert Edwards won the Thomson Extel European analysts award in May 2009 as the top global strategy team.

In this 2 June 2009 research paper Forever blowing bubbles: moral hazard and melt-up James Montier explored the bubble phenomenon and what happens in the future after a bubble pops. He explores the possibility that all the government rescue packages initiated in 2008 have the possibility to again inflate a substantial bubble.

In this 24 June 2009 Financial Times article called Insight: Efficient markets theory is dead. James Montier explains why the efficient markets theory is dead but still lives because of academic inertia.

In June 2009 James Montier’s published this list of his Favorite Investment Books as well as a Summer reading list of more recent titles.

In May 2009 shortly after the market started its recovery from its March 9 2009 lows James Montier in this article titled Sucker’s rally or the birth of a bull? asks if this is a suckers rally and if so what investors could do to protect themselves. He also gives a few short ideas from his shorting screen.

In this 27 January 2009 article Clear and present danger: the trinity of risk, James Montier writes about the three primary and interrelated sources of investment risk; Valuation risk, business or earnings risk and balance sheet or financial risk.

2008

In this excellent review of James Montier’s book – Behavioral Investing: A Practitioner’s Guide to Applying Behavioral Finance, Bruce Grantier summarises the main points of the book with emphasis on mistakes and biases followed by a discussion of number of behavioral phenomena.

In the article The psychology of bear markets published in December 2009, during the brunt of the bear market James Montier writes about that the mental barriers to effective decision-making in bear markets are as many and varied as those that plague rationality during bull markets but that they more pronounced as fear and shock limits logical analysis.

In this 25 Nov 2008 article called The road to revulsion and the creation of value, James Montier argues that the road to revulsion – sharply declining prices – ends in an investment nirvana with unambiguously cheap assets.

In this 25 November 2008 Bloomberg article Montier Has ‘Never Been More Bullish’ on Stocks James Montier makes the cast that stocks are “distinctly cheap” because they trade at 15.4 times the 10-year moving average of its companies’ profits, compared with an average of 18 for the U.S. market since 1881.James wrote that fifteen stocks in the U.S. index, pass his test for “deep value,” while a tenth of shares in Europe and a fifth in Asia qualify.

In this 27 October 2008 article – An admission of ignorance: a humble approach to investing James Montier details his investment strategy.

It makes no sense to forecast, the importance of a margin of safety, avoid trying to time the market and buy cheap insurance. But most importantly, humility should be the central theme of a good investment process.

In this October 22nd, 2008 Financial Times blog post by Paul Murphy summarises an article Analysts are rubbish by James Montier about the bullish bias built in to the investment industry by the analysts and that analysts are exceptionally good at one thing and one thing only – telling you what has just happened.

In this 9 September 2008 article – The dangers of DCF James Montier writes about the dangers Of Discount cash flow (DCF) saying its implementation is riddled with problems but the good news is that several alternatives exist.

In this 23 June 2008 article – You are still wasting your time, or, are analysts just overpaid secretaries? James Montier writes about the whether company visits are useful for fund managers. The answer in general is no but they can be improved by learning to look for evidence that disagrees with us, and seek to disprove our ideas, rather than illustrate them with supportive evidence.

In this article The Road To Revulsion 16 June 2008 James Montier writes about bubbles, that bubbles are a by-product of human behaviour, and that human behaviour is sadly all too predictable.

The details of each bubble are different but the general patterns remain very similar. He also touches on the propensity for commentators to continually proclaim the end of the problem and a resumption of business as usual.

In the 30 May 2008 article Inflation Not The Problem Albert Edwards and James Montier explain why they are sceptical of all the market commentators saying that the worse market decline of the recession was over. How right they were, but it’s the way they arrived at their conclusion that makes the article worthwhile reading.

If you have any interest at all in short selling this is an article for you. On 26 May 2008, with the markets particularly overvalued James Montier turned his thinking to short selling writing Joining The Dark Side: Pirates, Spies and Short Sellers.

In the article he explains a simple short screen with surprising results shown through back testing in the USA and Europe.

In the article with the catchy title Asleep at the wheel, or, How I learned to stop worrying and love the bomb published on 7 April 2008 James Montier points out that company management and analysts are unwilling to revise their profit estimates in spite of the looming recession as everyone thinks their business is recession resistant. He points out that this is why they are all overoptimistic and how you can avoid falling into the same trap.

In this 13 March 2008 research article called Remember, Cassandra was right! James Montier makes a strong argument that the mess in the US economy and housing market was not caused by a black swan event (unpredictable) but rather was sadly predictable.

It follows the standard pattern of a bubble deflating, some thing that we have seen a thousand times before.

On 12 January 2008 James made the last post on his blog called Behavioural Investing – The application of psychology to finance and the home of an investing sceptic.

The articles he wrote is luckily all still there and it’s a real treasure trove of information.

In this 15 January 2008 article The Dash To Trash And The Grab For Growth James Montier wrote just shortly after the absolute peak in the 2008 bull market he suggests that if you cannot move to cash because of career risk then invest in large dividend paying companies as what is going to happen to growth stocks at already high valuations is not going to be pretty. How right he was.

2007

In this blog post called The Sources of Value, written in October 2007 James Montier analyses which of the component sources of return leads to value, over reasonable periods of time, to outperform growth?

On 3 October 2007 James Montier posted a blog article titled Sector rotation: an investment dead end? He argues that investors focusing on sectors rather than stocks are barking up the wrong tree.

James Montier’s book Behavioural investing: a practitioner’s guide to applying behavioural finance was published in September 2007. At the link above you can read parts of the book at Google Books.

In this 24 September 2007 blog post called The myth of exogenous risk and the recent quant problems James Montier argues that many aspect of investment risk are endogenous (like a gambler playing poker, where the actions of the other plays are integral to the game) to the way in which we invest.

The problems experienced by the quant funds in August may help highlight some of these issues.

In this 10 September 2007 blog post Yet more evidence on the folly of forecasting, or why we don’t need economists! James Montier presents even more evidence that humans cannot forecast and why you should avoid listening to anyone who says he can as well as avoid it yourself.

On 21 August 2007 James Montier posted a blog article titled Earnings manipulation as a source of short ideas. He identifies shorting candidates through a measurement called the M score. Past results are impressive in identifying under-performing companies.

On 15 March 2007 James Montier posted a Macro Research article titled Global Equity Strategy . Investing 101: A reading list. Here he comes up with a collection of his best books in different categories (classics, modern, psychological and hidden gems) that is arguably the best reading list for any aspiring investor.

In the 30 January 2007 article by James Montier CAPM is CRAP James says that the capital asset pricing model (CAPM) is insidious. It creeps into almost every discussion on finance. And them he goes on to systematically take the model apart with real life examples and evidence.

In his 10 January 2007 research paper Contrarian or conformist? James Montier, in his usual style puts himself against the common view saying that the then biggest consensus portfolio bets to him seemed to be small cap and low quality however large cap, high quality looks like the better bet to him. To emphasise he quotes Sir John Templeton once observed, “It is impossible to produce a superior performance unless you do something different from the majority”.

2006

In this 30 November 2006 article with the enticing title Improving returns using inside information James Montier explains the results of a unknown but interesting research paper on share buybacks and how they, when implemented, are a powerful indicator for positive returns.

In this July 2006 research note titled Come out of the closet, or, show me the alpha James features a study that suggests

closet indexing accounts for nearly one third of the US mutual fund industry. Stock pickers account for less than 30% of the market, yet they have real investment skill. A fascinating read.

The article Prophet Among Pinstripes in the April 2006 issue of Fastcompany magazine features James Montier where he gives his five laws about investing bias, evolution, and true happiness.

In March 2006 shortly after the release of Joel Greenblatt’s book The Little Book That Beats the Market James tested the strategy worldwide and in this article called The little note that beats the markets found that on average the Little Book strategy

beats the markets by around 7% p.a. between 1993-2005, and with lower risk than the market! Value plus quality seems to make sense.

In the article Behaving Badly published in February 2006 James Montier features a short test you can take after which you will also become a strong believer in behavioural finance. Give it a try!

2005

In November 2005 James Montier wrote the article Seven Sins of Fund Management – A behavioural critique where he explores some of the more obvious behavioural weaknesses inherent in the ‘average’ investment process.

For example he writes that the first sin was placing forecasting at the very heart of the investment process. An enormous amount of evidence suggests that investors are generally hopeless at forecasting. So using forecasts as an integral part of the investment process is like tying one hand behind your back before you start.

In this 31 March 2005 article called Bargain Hunter James Montier confesses that he is an unabashed value investor. He adds that if the reader does not share this viewpoint, or isn’t open to be persuaded of the merits of such an approach, he should stop reading now for what follows will only distress his.

James teams up with Rui Antunes his “usual accomplice and compatriot in adventures involving large amounts of data” and embarked upon an investigation of value strategies.

In the article Abu Ghraib: Lessons from behavioural finance and for corporate governance, wrote at the end of January 2005 James Montier says even though it is tempting to believe bad behaviour is the result of a few rotten individuals. However, the overwhelming psychological evidence suggests that if you put good people into bad situations they usually turn bad.

2004

In the June 2004 paper If it makes you happy James Montier leaves investment advice aside and explores one of Adam Smith’s obsessions: what it means to be happy.

He also discusses why that’s important to investors, and how we can seek to improve our own levels of happiness. The article further lists

James’s top ten suggestions for improving happiness.

In the article Who’s a Pretty Boy Then? Or Beauty Contests, Rationality and Greater Fools James Montier in February 2004 played a classic Keynes’ beauty contest with over 1000 professional investors.

He found that on average professional investors are using between one and two steps of strategic thinking in forming their expectations. He also found that many investors suffer the curse of knowledge and end up either picking zero or severely underestimating the irrationality of other players.

These results speak directly to the ability of investors to exit the market before the mass exodus. He found, unsurprisingly, that only a very small minority shows the required level of strategic thinking to beat the gun.

In this 76 page presentation Insights into irrational minds and market Applied Behavioural Finance: Insights into irrational minds and market James Montier gave in 2004 he in great detail described the behavioural biases investors are prone to. Its a great summary of a lot of his previous work in a presentation format, summarised in bullet points and graphs.

2003

This November 2003 issue of welling@weeden James Montier offers a reality and earnings checks.

In this January 2003 research paper Running with the Devil: The Advent of A Cynical Bubble James Montier explores the nature and underlying psychology of four different kinds of bubbles. To assess which comes closest to describing the current market.

To us, the current market environment is largely a greater fool market. Because such markets lack fundamental support, they are liable to precipitous declines.

2002

In Darwin’s Mind: The Evolutionary Foundations of Heuristics and Biases James Montier in December 2002 writes that a catalogue of biases that cognitive psychologists have built up over the last three decades seem to have stem from one of three roots – self-deception, heuristic simplification (including affect), and social interaction.

In this paper James explores the evolutionary basis of each of these roots. The simple truth is that we aren’t adapted to face the world as it is today. We evolved in a very different environment, and it is that ancestral evolutionary environment that governs the way in which we think and feel.

In 22 November 2002 James Montier wrote in Part man, part monkey that leaving the trees could have been our first mistake. Our minds are suited for solving problems related to our survival, rather than being optimised for investment decisions. We all make mistakes when we make decisions. The list below gives a top ten list for avoiding the most common investment mental pitfalls.

1. You know less than you think you do


2. Be less certain in your views, aim for timid forecasts and bold choices


3. Don’t get hung up on one technique, tool, approach or view flexibility and pragmatism are the order of the day


4. Listen to those who don’t agree with you


5. You didn’t know it all along, you just think you did


6. Forget relative valuation, forget market price, work out what the stock is worth (use reverse DCFs)


7. Don’t take information at face value, think carefully about how it was presented to you


8. Don’t confuse good firms with good investments, or good earnings growth with good returns


9. Vivid, easy to recall events are less likely than you think they are, subtle causes are underestimated


10. Sell your losers and ride your winners

>

J.D.’s equation is correct, but it’s only part of the story. cash flow is in fact income minus expenses like the article states. However, cash flow does not correlate directly to wealth. You would naively think that wealth is the integral of cash flow with respect to time. It isn’t.

Suppose you earn $50,000. You immediately spend this money on building supplies and build a house with it. Your net cash flow is $0, but you now have a house that’s worth more than what you paid for it. You’ve got a property with a value of, say, $60,000. This is investment. Certainly you needed some cash flow to start the investing process, but cash flow itself is not wealth. Also, you now have the ability to generate $60,000 new dollars in positive cash flow by selling the house you built, in which case you can invest in something new.

The average American household income is about $3,000/month, after taxes. If you spend *all* of that on living expenses, you will never save your $50,000 to build your house. If you manage to cut your living expenses by half, you can now save your $50k in about three years. However, if instead you were able to double your income, you could save your $50k in half that time. If you take this even further and double your income again (to $12k/month) you could save you $50k in only 6 months. However, if instead you cut your living expenses by half a second time (to $750/month) it would still take you 22 months to save $50k.

You quickly hit a point of diminishing returns with cutting expenses, where each additional percent cut from your budget buys you less and less. The opposite is true for increasing your income. There is absolutely no way to save $50k in less than 16 months on $3,000/month. However, if you’re making enough money, there’s no limit to how fast you can do it.

Here’s one more example that’s not so extreme:

Set a goal to save $250,000. Pretend you want to buy a house in cash.

Start off with the same $3,000/month salary.

Start with the same $3,000/month living expenses.

Scenario 1: Your living expenses never change, but each year, you manage to increase your income 7% over the previous year. This seems feasible, it’s not a “get rich quick” scheme, you can probably find some way to improve your performance in whatever business you’re in by about this much.

You save your $250,000 in a bit over 12 years. At the end of the 12 years, you make about $120k/year. This is definitely a good salary, but it’s not ridiculously, infeasibly high.

Scenario 2:

You keep the same salary every year, but cut your expenses by 7%.

You save your $250k in 17 years, which is significantly longer. You’re also living on $920/month at the end of this, which is probably infeasible in real life. You just can’t keep cutting and cutting and cutting to this degree.

Scenario 3:

You combine both 1 and 2, both increasing your income by 7% every year, and cutting expenses the same amount. You’d think this would make a huge difference, right?

You’ll save your $250k in 10 years. This is definitely an improvement over either one of the other scenarios, but it’s not nearly the same sort of improvement you see if you solely increase income instead of solely decreasing spending. It also requires you to live on $1500/month at the end, which is certainly a lot more feasible that $920, but you still may think that’s a bit low.

This whole calculation ignores inflation (meaning, your 7% raise per year is probably more like 10% in absolute terms). It also means that at the end, when I say you’re living on $920/month, that’s $920 dollars at 2010 value, not 2027 value.

This is essentially the same concept that J.D. likes to call ‘the power of compound interest’, except applied in a slightly different way.

One other note on this example: selling your ’stuff’ makes almost no difference here. Even assuming you had $10k worth of stuff to get rid of at the beginning of this, it only buys you a few extra months in any of these scenarios. This is because a single, one-time influx of $10k is small in a scenario that takes 10-17 years to play out. At the end of these scenarios, you’re saving in the ballpark of $2000-$5000 every month. The extra $10k just isn’t that big of a deal any more. Selling ’stuff’ can help you reduce debts and stop paying interest to other parties if you can do it all at once, but it really doesn’t help you build long-term savings very well.

I know the site is called “get rich slowly”, but I like to think that is meant to convey an idea of perseverance and the fact that “get rick quick” schemes don’t work. It’s not meant to imply you should go artificially slower than you have to, just because.

In short: ask for a raise every year, even if you don’t always get it. Don’t be afraid to take a job at a competing company if they’ll offer you a better salary (assuming the job is otherwise similar). You don’t need to start your own company to make a few more percent every year. Just be valuable in your industry, show that to your employers, and don’t be afraid to ask for raises.

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