Random Young Writer Making a Killing in the Kindle Store

March 9th, 2011


Amanda Hocking (photo courtesy Business Insider)

Technology changes everything, again.

Amanda Hocking is living the dream: she’s in her mid-twenties, writing what she wants to write, and making a serious profit without any of the usual middlemen. No publishers, no editors, no marketers, no book-signing tours.

The Kindle store allows her to connect directly with readers, who sometimes pay only a dollar to download her work. But multiply one dollar by 100,000 downloads, and then imagine taking home 70% of that. (Amazon keeps the rest.)

This is good news for young writers looking to make a name (and a profit) for themselves, but what about all those people who make their living as publishers, editors, and marketers?

Random Young Writer Making a Killing in the Kindle Store

March 9th, 2011


Amanda Hocking (photo courtesy Business Insider)

Technology changes everything, again.

Amanda Hocking is living the dream: she’s in her mid-twenties, writing what she wants to write, and making a serious profit without any of the usual middlemen. No publishers, no editors, no marketers, no book-signing tours.

The Kindle store allows her to connect directly with readers, who sometimes pay only a dollar to download her work. But multiply one dollar by 100,000 downloads, and then imagine taking home 70% of that. (Amazon keeps the rest.)

This is good news for young writers looking to make a name (and a profit) for themselves, but what about all those people who make their living as publishers, editors, and marketers?

Government Accountability Office Finds 56 Different Federal Programs for Helping People Understand Finance

March 9th, 2011

“The GAO examined numerous federal agencies, including the departments of defense, agriculture and housing and urban development, and pointed to instances where different arms of the government should be coordinating or consolidating efforts to save taxpayers’ money.

The agency found 82 federal programs to improve teacher quality; 80 to help disadvantaged people with transportation; 47 for job training and employment; and 56 to help people understand finances, according to a draft of the report reviewed by The Wall Street Journal.”

What do you think?

Have any of these fifty-six programs helped YOU? How about SPEND.GROW.GIVE?

Let us know at ask@tilefinancial.com!

Sharing the Stuff That Drives Electric Cars

March 9th, 2011

“Xatori, a Silicon Valley software start-up, aims to create a network of electric car enthusiasts who make their household power outlets and home chargers available for drivers who need to top off their battery or who find themselves out of range of the few public-charging stations currently available.”

What do you think?

Would you ever pay for a total stranger’s gas? What about letting them charge their phone in your garage?

Are electric car owners just more generous?

Who Gets Paid for Libyan Oil?

March 9th, 2011

“Oil markets have been spooked by fighting that has tended to play out near oil facilities such as the Ras Lanuf oil terminal, in eastern Libya. The complex is currently in the hands of rebels, although Libyan warplanes have launched air strikes near rebel positions on the outskirts of the town, according to witnesses.

The fact that many of Libya’s key oil installations are in the hands of rebels creates a headache for oil companies already hit by the U.S. trade sanctions adopted last month against Libya. The violence is deterring tankers from loading cargoes in Libyan ports, and even when they succeed, it is unclear who they should be paying for the crude—the opposition forces or the Gadhafi regime.”

What do you think?

Is the fall of a violent dictator in the Middle East worth more expensive gas prices in the U.S.?

BP Floods Gulf of Mexico with Oil, Is Subsequently First in Line to Receive Offshore Drilling Permit

March 9th, 2011

“(Reuters) – BP Plc (BP.L)(BP.N), whose Macondo well blowout in the Gulf of Mexico caused the worst offshore oil spill in U.S. history last year, co-owns the well that received the first deepwater drilling permit since the disaster.

BP is Noble Energy Inc’s (NBL.N) partner in the well, holding a 46.5 percent interest, BP said.”

What do you think?

If BP owns less than 50% of Noble Energy, how much influence do BP executives have over Noble’s business activities? Would an ownership percentage like this affect your decision to invest in a company like Noble?

What to Do When Your Business Model Depends Entirely on Google’s Search Results

March 9th, 2011

“In a recent e-mail to employees, company founder and CEO Jason Calacanis and Mahalo President Jason Rapp said the start-up trimmed a tenth of its workforce due to a reduction in traffic caused by Google’s change to its search algorithm, according to the blog CenterNetworks.

The Google changes were meant to push down low-quality sites in search results, but some unexpected websites such as Mahalo lost their ranking as well, the report said. With less traffic visiting Mahalo, revenue took a hit, the e-mail said, according to CenterNetworks.”

What do you think?

How can online businesses protect themselves against rapid changes in the technology industry? Does this news make you think twice about investing in web-based companies?

Where your tax dollars are going in 2012…

March 8th, 2011


The United States Budget Proposal for 2012

Click on the image to see the whole thing.

What would YOUR budget look like if it were stuck into a sweet infographic?

Where your tax dollars are going in 2012…

March 8th, 2011


The United States Budget Proposal for 2010

Click on the image to see the whole thing.

What would YOUR budget look like if it were stuck into a sweet infographic?

Are college students too “foolish” to vote?

March 7th, 2011

If you ask some politicians, they are. And they’re mucking up the whole political system, dag-nabbit. According to a Washington Post article, some lawmakers have had it up to here with whipper-snappers voting with their feelings.

Average taxpayers in college towns, [Sorg] said, are having their votes “diluted or entirely canceled by those of a huge, largely monolithic demographic group . . . composed of people with a dearth of experience and a plethora of the easy self-confidence that only ignorance and inexperience can produce.”

Their “youthful idealism,” he added, “is focused on remaking the world, with themselves in charge, of course, rather than with the mundane humdrum of local government.”

– New Hampshire State Rep. Gregory Sorg

The solution? Proposals differ from state to state, but basically every voter would be required to show ID or proof of residence in order to vote. That would mean anyone without an appropriate ID would have to get one.

But identification costs money! That’s unconstitutional! It’s akin to the poll tax used to disenfranchise African-American voters in the 19th century!

What does this have to do with me and my money, you say? Well, since state governments can’t legally force people to buy the right (or the ID) to vote, taxpayers would have to absorb the costs.

And according to one estimate, the state of Wisconsin alone would have to pony up $2.7 million just to provide valid identification cards to voters who do not currently have them.

What do you think? Do you want to pay for that? Or are you too foolish to know?