Archive | Journal

Be Rich – Some Good Reading

I want to take a moment to post links to two of my favorite blogs about money management and personal entrepreneurship.

The first is I Will Teach You To Be Rich written by Ramit Sethi, a recent Stanford graduate. When he’s not blogging, Ramit works at PBwiki and does consulting for Omidyar Network, venture capital fund started by Ebay founder Pierre Omidyar and his wife Pam. I particualrly enjoy Ramit’s blog because of his Friday Entrepreneur Series, in which he profiles and interviews a different notable entrepreneur each week. Other favorite posts include All About Stocks and Bonds, It Never Gets Easier Than Now, and perhaps my favorite, 8 Stupid Frat Boy Business Ideas.

The second link is to Get Rich Slowly, written by J.D. Roth. While less entrepreneurially focused than Ramit’s blog, J.D. spends his time offering practical tips for day to day money management to help you, quite literally, get rich slowly. From daily applicacable topics like Track Every Penny You Spend and “Investment Fun Money”, to more general life strategies like the Debt Snowball and How to Aquire a Good Entry Level Job, J.D.’s writing is easy to read, and easy to apply in your daily life.

I hope you’ll find the excellent content in these two blogs as useful and interesting as I have. I’m sure this won’t be the last time one of their articles is mentioned here.

Happy Birthday to Me

Thanks to everyone for the emails/IMs/Facebook messages wishing me Happy Birthday. I really appreciate all of them, it’s great to have such caring friends. It’s weird being 21, because it’s an age you look forward to as a milestone, and now that it’s here, I really don’t feel all that different :) It’s strange to think that this is really as old as I want to get, is 21 the turning point where getting older changes from exciting to depressing? I don’t think so, I just think that the milestones in your life become less age-based and more accomplishment centered (college graduation, first job, promotion, etc).

So here’s to looking forward to my next 21 years and beyond full of great friends and exciting milestones (and maybe a beer or two).

Beacon Challenge Kicks Off

The Beacon Entrepreneurship Challenge has begun. At the kickoff meeting yesterday, our group was informed that we would be managing the Major League Baseball section of the new store, which is relaunching at sportsnutshop.com. We will be directly responsible for contacting wholesale vendors and selecting the products that will be carried in the store. In addition, we will handle all baseball related marketing for SportsNutShop, with an initial budget of $500. Our ad budget will increase over the next few months, as we meet the sales goals set by the Beacon Team.

Beacon has also agreed to provide us with help from their top notch advertising, graphics, and search engine marketing teams. So basically this all comes together to a hell of a great time, and some excellent real world experience (and hopefully a large, much needed comission check). Stay tuned here for updates on our progress, and an announcement when the store launches in a few weeks.

WFU Beacon Entrepreneurship Challenge

In other news, Landon Mossburg, Tom Clancy, Kathy Markham, and I have been selected to participate in the first annual “WFU Beacon Entrepreneurship Challenge”. The Challenge involves 4 teams of Wake students competing to start, market, and manage an online store. RaceFanFurniture.com will soon be expanding to offer sports memorabilia from 6-7 other professional sports leagues. Each team will be assigned 2 leagues, and will be responsible for running and marketing those league’s departments. The teams compete for points and cash prizes, as well as commission from the store’s sales.

This is a great opportunity for all of us, and I’m really excited to see what the Challenge has in store for us. More updates next week…