Case Study: The Music Lovers | Peter Mehit

imagesEverything that follows actually happened. I’ve changed the circumstances and identity of the people involved significantly, but the gist of the story is true. It’s at once proof of the old adage, ‘The truth will out’.

Sara and Tom have been friends since they worked on a successful advertising campaign for a major spirits producer. In their ten years as friends they’ve shared a lot: Holiday gatherings, the breakup of Tom’s marriage and their dreams of opening a music venue. Sara’s husband Bill was also good friends with Tom and supported their idea of opening the night club, up to the point pledging property he and Sara owned free and clear in San Francisco to secure start up money.

Because of their connections in the advertising and corporate worlds, Tom and Sara knew a lot of inside stuff. For example, they found out that a coastal city was pouring millions into a waterside development and had attracted several X Games type events to the area to take place in about two years time. Knowing this, the pair secured a lease on a large space in the heart of the development, negotiating a six month delay in rent payments.

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Buying a home at auction vs. regular sale | Mashable

For first-time home buyers, sticking to a budget is crucial. Though it’s tempting to splurge on a dream house, eager buyers need to remember that much more goes into a housing budget than a home’s asking price. Buyers also need to consider mortgage payments, property taxes, maintenance costs and even optional projects such as renovations and landscaping.

Because budgeting and saving for the future are central components of home ownership, greenhorn buyers should examine a variety of home acquisition methods to see which one best fits their budget and goals.

One option that appeals to many buyers with pinched pockets is buying a home — foreclosed or non-distressed — at auction, where bidders decide how much the home is worth and can leave with a title the day of the auction.

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Half of Americans are Saving Next to Nothing | Money Cnn

downloadWhen it comes to saving, we aren’t doing enough of it.

Roughly half of Americans are saving 5% or less of their incomes, including 18% that are not saving anything, according to a survey from Bankrate. Only about a quarter of people are saving more than 10% of their earnings.

So how much should you be saving? Bankrate recommends 15%.

“Between emergency savings and the ever-increasing burden of retirement savings that is on the individual, the goal should be 15% of your income,” said Greg McBride, the personal finance website’s chief financial analyst.

Currently, one in seven people are saving more than 15%, the report showed.

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Mobile Payments: Which Businesses Need Them? | Business News Daily

In October 2014, Apple launched its highly anticipated mobile wallet solution, Apple Pay. Although the ability to make purchases through a smartphone app was not a brand-new concept, the business world viewed Apple Pay as the product that would finally push near-field communication (NFC) and contactless payment technology to the forefront of retail.

“Apple raised visibility [of payments as] something you can and should be able to do with a mobile device,” said Gregory Mann, chief marketing officer of mobile wallet solution LoopPay. “It took the conversation out of B2B partners … and brought it to consumers’ dining room tables. The average person out there [now knows] this is something you can do with your phone.”

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Would you buy a phone made of grass? | BBC News

It is a common complaint that most mobile phones look the same these days.

But designer Sean Miles has created one that should stand out from the crowd.

It is the first mobile phone made entirely from recycled and natural products, he says.

The phone’s casing – which is integrated into the phone – is made from recycled resin and specially treated grass clippings.

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This is the One Bad Habit Keeping You from Achieving Your Goals | Page19

Winter is almost over. How many of your resolutions did you keep? Gretchen Rubin’s Better than Before presents a framework to help readers to understand their habits and to change them for good.

Thanks to the notorious fallibility of New Year’s Resolutions, if you’re like most people, chances are you’re not quite where you hoped you would be this time of year. Maybe you’ve held on. But statistics show that you probably haven’t.

Forming new habits is hard. We humans spend a lot of time trying to change ourselves, indeed, there are entire industries dedicated to selling self-improvement. But we rarely succeed. Why is this? According to Gretchen Rubin, this might be because we’re conceptualizing the whole thing wrong.

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Save Yourself Time With A Time Audit | Forbes

downloadDo you need more time? For most people, the answer is a resounding yes.

Yet many of us waste time every day, or spend it on things that don’t make us satisfied. Time is a precious resource, so it is worth checking up on our spending now and again.

Do you know exactly where your time goes?

By doing a time audit we can boost our productivity. It’s a way we can improve our time management skills, and make sure that we are using our time for the things we want to spend it on.

Often, time management is a case of redistributing our time. After all, we know that we’ll get 24 hours a day, every day; no more, no less. Some people tend to somehow be able to do a lot more with that same amount of time. How do they manage it?

Have a look at where your time is going:

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