Tag Finances

The State of the Union Address was January 25th, 2011, ATC reviews the plans behind President Obama’s speech.

Transportation:

One issue we’ve always been open about at ATC is transportation in America. While traveling around the world, we found America to be one of the most difficult places to travel due to poor infrastructure in terms of non-air modes of transportation. Plans to expand the rail network

Previous articles on ATC about transportation include: Amtrak- An Open Plea to the Government. USA Travel Options- Choices in Futility. The Empire Builder. 3 Things I Didn’t Miss about America. Transatlantic Options. Across America by Land.

Education:

Traveling around the world has taught us something else. Americans are not considered to be that intelligent.  This seems to be a nearly universal opinion. Obama’s speech indicated that he might agree with those internationally accepted opinions. Education in America has serious problems that need to be addressed.  I think teachers should be required to have a masters in their field as well as advanced training in teaching methodology and technology. Why not aim to be the best? We have high unemployment and a strong need for teachers, this is a great time to require more education for 1-12 teachers and to reward teachers who went out of their way to get their masters degrees, or who have learned to use technology in the classroom.

Students in Europe are way ahead of US students in many regards. They speak multiple languages and have a firm grip on science, math and geography– three of American student’s worst subjects.  In the chart they US is ranked well after Estonia, which is ironic because the average American probably couldn’t find Estonia on a map, proving my point. American students need to learn a second language fluently by the time they graduate from High School. 12 years is plenty of time. Students in Europe study for around 8-12 years learning English and as a result sound like native English speakers. In China, students go to classes all day and then spend their limited spending cash on English tutors because they know education is key. That is a lot to compete with. We need full immersion schools in the US, and teachers who are bilingual. As Obama noted, the baby boomers will be retiring soon, and its a good time to enact new laws to better the education system. Next time I travel through Europe I would love to see a young American speaking the local language and causing people abroad to reevaluate their opinion of Americans.

Finances:

Americans have a spending problem. Nobody is debating this anymore. Our debt is out of control, our spending seems to be endless and yet our infrastructure can’t compete with that of Western Europe. We have a culture of instant gratification that has resulted in an acceptance of poor-quality goods and a lack of appreciation for high quality goods you have to save up for. I don’t think Americans should have to deal with a ‘credit score’ system that rewards people who buy before they have the money to pay for the items they’ve purchased. Paying in cash by saving up in advance should be rewarded, not punished by harming your credit score. the score means that you can put yourself in debt to a larger entity, you enslave yourself into a cyclical system. I think this system needs to be re-imagined to reward people who can plan ahead, save ahead and can live without the companies that charge ridiculous filing fees, high interest and who hold the deed to your home like a mob boss until you pay up. This system needs to be re-imagined as well, so another housing bubble doesn’t result in more people losing the homes they can’t afford. I think this should have been better addressed in the 2011 State of the Union Address.

Articles ATC has posted on finances and money include: Poor Journalism & American Debt. Should you Look for Work in China- ATC Responds. China versus America: A Conversational Comparison. Why I Hate Wal-Mart.

Recently, CNN ran an article asking the question, “Should You Look for Work in China.” The article follows the story of two Texan-Americans, the Summer family, who decide to head to China for high tech jobs. It goes on to highlight that the number of Americans working and living abroad has increased significantly in recent years with a noticeable spike in 2010.

What I find interesting about this article from CNN is that they are missing the point. Americans are leaving the US because they have to. We left because we couldn’t find reasonable jobs. We could barely make ends meet working non-stop and living in the world’s smallest apartment. With insurance, medical bills, groceries, rent, internet and car payments, gas, phone, etc it was just too much to be met with two entry-level positions. And of course college loans had to be taken into consideration! Its like a massive trap designed from your childhood on so that you follow a certain outline and end up in college, and then of course in debt. Once in debt you have to work, you have no other choice! You have loans now. And then you trudge off to work to pay the loans but you have to have an apartment to live in, so now you have two payments. You have to have a means of transportation since there are no buses. Now you have three payments. If you are going to drive you need insurance. If you are going to work, they want you to have health insurance. You keep digging yourself into a ditch of debt that you can hardly pay off even working 5 days a week, 8 hours a day! And what time does that leave you for your own personal life?– a few hours at night spent exhausted while you sort bills and pull out your hair. No thank you! THATS why we left the US. There are not jobs that can support the basic needs of the American lifestyle. And it wasn’t even a life of luxury, as my friends and family can attest.

Abroad, you can live for cheaper. We get jobs that pay slightly less than in the US, but I’m not stuck paying car insurance, health insurance or any of the other things that slowly steal every pay check. I pay for a pay-as-you-go cell phone instead of a cut-throat Verizon contract that takes a Supreme court ruling to get out of. I avoid insurance payments because I’m less stressed and thus healthier and health care (barring major catastrophe) is more affordable. I use public transportation that cost less than 30 cents a ride. In short, I’m able to pay down my loans, save up some money and still build up a resume. Perhaps now you understand why I don’t like the expats who come over begrudgingly and complain about missing the benefits of America.

I love my country, and I’m a patriot, but I’m also a realist. Americans are leaving the country to find work elsewhere and this is a major sign that things have gotten out of control. It isn’t just me over here trying to make a better life for myself, its all of my expat friends who are doing likewise and thriving where they didn’t have the opportunity back home. They have time, like I do, for hobbies and self-cultivation. They have time, in short, to live life and not tread water just trying to get by. So, ‘Should you Look for Work in China?”– you should look for work wherever it is on the planet that will afford you the opportunity to pursue happiness instead of just survive. After all, that’s one of the three main staples of the American promise- Life, Liberty and the Pursuit of Happiness.

I noticed something recently on an American TV show called ‘Pawn Stars’ and that is the fact that Americans have no idea how to bargain. You’ll see the same thing on ‘American Pickers’ and other History or Discovery Channel shows. It is a common tale, you take something into the pawn shop and they talk you down from your original asking price and in the end they get the upper hand. Since we’ve been traveling quite a bit, I think we could take on the folks of ‘Pawn Stars’ and the ‘American Pickers’ with the bargaining skills we acquired traveling through Asia. But, in case you are new to the concept here are a few tips in the event you are traveling to Asia or are about to pawn an item.

As a Seller:
• Find a realistic and well researched asking price for your item by doing your homework. Look online for other items in similar shape and of similar age. Get a number from an expert, if possible.
• Now head to the market or pawn shop and ask for literally three times the number you are willing to settle for.
• Do not hesitate to turn a buyer away. You are one person with one product, and there are millions of people who are potential buyers, you don’t have to land the first one.
• Stick to your bottom-line price and do not go lower than that. Always attempt to go higher.

As a Buyer:
• Remember all the techniques you used as a seller and try to preempt their game by cutting their original asking price into 1/3rd of what they asked. This is a safe maneuver.
• Don’t be uncomfortable bargaining. In the bargaining game the goal is to end up with a number you are happy with as a buyer. Don’t worry about the seller’s feelings.
• Arrive at a price in your head that you are happy with and take one of two roads: 1) if you really want the product buy it at any price, or; 2) separate yourself from your desire to have the product and only buy it when the price is right. Don’t say your final bottom line price out loud until you get towards the end of your bargaining spiel.
• Try the walk away method. If the price was right, the seller will stop you from walking away. Naturally they are trying to get as much out of you as possible so don’t be the weak link. Hold your ground. Sometimes you will lose and your walk away bluff will result in you losing the item. Most of the time, however, the negotiations will reopen as soon as you take your first steps.

It is supremely important to stick to a deal once you make it. You don’t want to be responsible for making your whole country look bad by going back on a deal. Despite what anyone tells you, you are somewhat of an ambassador for your homeland. While some sellers overseas may change a deal once it is made, it is important to always uphold your end and take the high road. It is not at all uncommon in Central Asia and other nearby regions for a deal to be reached and then, as the product is being delivered the deal will change. Keep a level head and don’t ever give in to someone who breaks a deal. For example, we set a price for a cab ride in advance across a section of desert in Uzbekistan, as is the custom. Mid way across the desert, to no one’s real surprise, the driver pulled over and demanded more money to finish crossing the desert. When something like this happens, even if it makes your life a bit more difficult, you have to hold your ground. If they really won’t honor the original deal, get out of the car with all of your belongings. Someone else will pick you up. If you do pay someone extortion like that you make it worse down the road for the next guy, and make the scam artist a life-long fan of continuing this practice. We forced a driver to pull over and got out with all of our gear, leaving him with nothing for driving us half way. He could either stick to the original deal or get nothing. Naturally, he got us back into the car and we paid the original price. He tried the entire drive to get more money out of us, which is always annoying, but sticking to something you shake hands on is important as a person, and as a representative.

As many of you know, we’ve been busy preparing for the upcoming Mongol Rally. In so doing, we’ve been looking for a lot of equipment. We found a pretty sweet website called DiscountCoder.com that gives you discount coupons on a lot of great sites, from food to tools to Amazon, etc. This includes some of the biggest retailers across the UK! If you have ever shopped online and noticed the ‘enter discount code’ option on the website, then you know what I’m referring to. This is the best place in the UK to go for discount codes, and its helped us a great deal in buying stuff for the rally on a shoestring.

If you live on a dime (or on a pence, as us Yanks assume the Brits would say) then this is a great resource for you. They have deals on computers, discounts on clothing, ‘kids eat free’ discounts at restaurants and similar deals. They have discount codes on everything! You can even sign up for a weekly email of deals and coupons in the UK. It is categorized smartly, including a top ten section, or the ability to search by category. Its so smart, in fact, that even the Britannica has a discount code!

You’ll find amazing savings and discount codes on Thomson Discount Codes that will end up saving you hundreds every year. Check it out, give it a try, and let us know if you like it too.

Mongol Rally Logo

Planing for the 2010 Mongol Rally is in full swing at Abandon the Cube. We’ve set up a page on our website: Mongol Rally to enlighten folks on our team’s progress, how to donate online, and more about Mercy Mongolia, our official charity. We have also created a nifty Sponsorship Proposal to help y’all donate with ease. While our primary aim is to find and secure corporate sponsors, we are always looking for friends of ATC to help in the form of assistance in marketing and fund-raising as well as donating their time and talent.

Below is a more information on the specifics for the team’s needs this summer. For more information, check out the website for the latest news and updates.

________________________

Our budget has been calculated at the following costs:

For charity: $1,580 USD

2 cars, fully decked out: $2,500 USD

Equipment for 40 days, 8 people: $2,000 USD

Visas for 8 team members: $1,500 USD

Registration fees for cars and members: $1,500 USD

Food and Gas allowance: $2,000 USD

Emergency fund: $1,000 USD

Total:$12,080 USD

____________________________

Meanwhile, we have set up a list of needed supplies and equipment, as follows:

• Car
• Collapsable, compact grill
• Small cooler
• Car rack
• Sat phone *
• Extra Tires
• Oil
• Gas cans
• Flashlights*
• Cooking Equipment
• Cleaning supplies
• Tents
• Sleeping bags
• GPS*
• Sleeping pads
• Emergency gear
• Medicine
• Shovel/ hatchet*
• Uniforms
• Car registrations and legal documentation
• Boots*
• Road maps
• Border tolls or fees
• Water purifier
• Storage equipment
• Travel Insurance
• Spare car parts
• Gas allowance
• Food allowance
• Auto Insurance
• Visa costs
• Travel allowance
• accommodation allowance

___________________________

If you think of a corporation that might be interested in sponsoring ATC, please let us know or send them our official Sponsorship Proposal and direct them to our website.

Thanks,

Abandon the Cube