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It’s official. Earlier this week, I offered my resignation to the large corporation where I’ve been employed for just under a decade. I have less than two weeks to wrap up my projects and transition work to the rest of my team. It won’t be long before I have more time to devote to Consumerism Commentary, but until then, my workload will increase substantially.
I feel great about this move. It has been coming for a long time. I’ve been earning more than enough income to supplant my day-job salary for several years, but I’ve been hesitant to make the jump due to the volatile nature of the source of my income now. I’ve come to the conclusion, after years of consistent revenue and a particularly good 2010, that it’s not as volatile as I thought. And, if there is a problem, I have enough cash ready to hold me over, and I’m highly employable.
Thanks to all the readers who have supported me. Without you, this would not be possible.
Here are a few articles for weekend reading.
Somewhat timely considering my current life change, I wrote about Doing What You Love and Deciding Never to Retire for Currency from American Express. Retirement is only for people who aren’t making a living doing something they enjoy (or are no longer physically or mentally capable). You can avoid the financial industry’s hard sell on retirement products and faith in the long-term benefits of the stock market if you earn an income from something you will enjoy until you die.
Barb Friedberg doesn’t want an iPad. I don’t want one either; I’d prefer an equivalent Android OS-based tablet, but all those I’ve seen are not yet ready for prime time. If Verizon Wireless does support an iPhone within the next few years, I may switch from my Motorola Droid to Apple’s products, including the iPad. Having the convenience will be helpful to me as it will be much easier to manage Consumerism Commentary and other projects away from home.
As you know, I track my net worth on a monthly basis. Fiscal Fizzle has a better idea for that calculation: track your actionable net worth instead. Actionable net worth is limited to checking, savings, and other deposit account balances, credit card balances, and outstanding loan or credit card balances. This does not include hard assets like cars and houses or your retirement account balances. Wojo’s theory is that this gives someone a more accurate picture of what’s available.
As pointed out on Frugal Zeitgeist, NASA discovered a new life form recently. This both is and isn’t a big deal. It is big because it shows that life can thrive with a different DNA structure previously known in nature, but it might not be a big deal because replacing phosphorus with arsenic is not very far-fetched and the DNA still prefers phosphorus. I don’t think this will bring us any closer to discovering extraterrestrial life, but it is a fascinating look at how organisms can adapt well beyond what were previously thought of as limits.
Consumerism Commentary participated in a number of carnivals this week: Carnival of Wealth, Best of Credit Cards and Saving Money, and of course, the Carnival of Personal Finance. The Carnival of Personal Finance is looking for hosts, so if you’re a blogger interested in contributing to the community, consider hosting the Carnival of Personal Finance.
Updated June 20, 2014 and originally published December 4, 2010.