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What Sex And The City Taught Me About Love, Life, and Money

What Sex And The City Taught Me About Love, Life, and Money

Sex And The City: The Movie is coming out in May! I am so, so excited, and I'm betting that many Sex And The City feel the same way. Carrie, Samantha, Charlotte, and Miranda - you ladies have been missed! (By the way, I love the photo below - head-to-toe ...

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5 Year Travel Plan: Making Your Travel Dreams a Reality

5 Year Travel Plan: Making Your Travel Dreams a Reality

I've been struck by a bad case of the travel bug lately... I haven't been out of the country since 2007, which seems like a long time. CB and I are saving for Galapgos, but we also want to travel quite extensively in the intervening months before our Big Galapagos ...

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Graduate School: (When) Should I Go?

Graduate School: (When) Should I Go?

Graduate school is a significant undertaking both in terms of time and money. During the last few months, I've felt some pressure from concerned family members about going to graduate school. I know they only want the best for me, but I'm glad I followed my gut instinct and ...

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Should Parents Pay For College Education

Should Parents Pay For College Education

A college education has, for a large percentage of society, become the de rigueur entry-level degree. "Should parents pay for college education" is a question where the answer is always, "it depends." In today's economic climate, I imagine that many parents are having the difficult talk with their kids ...

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Free GMAT Study Resources

Free GMAT Study Resources

Taking and prepping for standardized tests isn't cheap, fortunately, there are many free study resources available online. I've taken advantage of most of these resources when I was preparing for my test last year. Hopefully you will find them helpful as well. Free Online Study Materials The GMAT Uncovered by ManhattanGMAT: A ...

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7 Steps In Overcoming Rejections In Job Search

7 Steps In Overcoming Rejections In Job Search

Rejections during job search are disappointing, to be sure. Nobody likes to be told that they were qualified candidates, but the management has decided to go in another direction. In this environment, however, rejections are common-place through out the job search and interview process. After the initial disappointment wears off ...

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How to Host a Dinner Party On a Budget

How to Host a Dinner Party On a Budget

Hosting a dinner party is always fun, but right now I need my get-togethers to be budget-friendly as well. Remember when I made crab cakes? That was for a group of 5 or 6 friends. The crab cakes were delicious and everyone loved them, but, crabs are expensive! Two pounds ...

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Hair, Hair, Everywhere – the Recession Edition

Hair, Hair, Everywhere – the Recession Edition

I wrote a hair post in both 2007 and 2008, so I suppose it's only appropriate to continue the tradition in 2009! This post is dedicated to recession's impact on hair budgets. The recession is a major reason why I've been neglecting my hair a bit during these past several months: ...

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Pure Altruism - Does it Exist?

Pure Altruism - Does it Exist?

Every time the holidays come around, feel-good human-interest stories surface. This is a time to give to others, help those in need, and realize that the world is not as cutthroat or as competitive as we may believe. But is it true? Can people be purely altruistic? The authors of Superfreakonomics (the ...

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The Price of Addiction To Argentine Tango

The Price of Addiction To Argentine Tango

It's happened. I fell for the sultry dance, hard. (I even made its own category!) I leave class with a big smile on my face. I read Argentine tango forums and blogs. I fall asleep thinking of boleos and molinetes. I'm not sure how my wallet feels about the possible financial ...

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Old Cars: Unsung Heroes of Personal Finance

Old Cars: Unsung Heroes of Personal Finance

New Cars are shiny, gleaming, loaded with the latest technology and features. New cars get the big commercials on TV, where they swerve confidently in snow storms, zoom down idyllic country lanes, and maybe even dance a little to the sound of a state-of-the-art in-car sound system near a trendy ...

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Disney World Recap

Disney World Recap

I realized that I haven't really talked about my Disney World adventure (aside from the Dining Plan review) on this blog yet... and well, that oversight must be rectified! If you have any specific questions about Disney World, please ask away and I'll do my best to answer. We Got To ...

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Job Fairs: How to Prepare So You Stand Out

Job Fairs: How to Prepare So You Stand Out

Job fairs can be a great opportunity for applicants to interact with many different companies. But if you don't prepare adequately, job fairs can be a disaster. Last week, I attended a job fair - prior to the event I debated whether I should go. I had heard the horror ...

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How To Practice Safe and Responsible Credit Card Use

How To Practice Safe and Responsible Credit Card Use

Wait, you mean you never had a credit card education class in school? Okay, me neither. The quality of education these days! But there's no reason that high schools or colleges shouldn't offer a class like this. After all, credit card education isn't an awkward topic like the other type of ...

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Experience, Not Stuff

Experience, Not Stuff

I've decided to make the above my mantra to live by. It'll be hard, because I like nice things (ex: shoes), but... Guess which of the following I remember the most? (a) A $100 leather jacket purchased in Buenos Aires, that I've worn ONCE in 3 years. (b) A $45 hour-long horse ride on the coastline of ...

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The Man Gets The Check?

The Man Gets The Check?

When CB and I go out to dinner, we usually split the check. Other times, one of us would pick up the whole tab. I've noticed something interesting - when we ask for the check, sometimes the waiter/waitress would place the check towards CB, clearly in his direction or by his arms (on the ...

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To Improve Performance: Spend Time, Not Money

by WellHeeled on February 22, 2010

Many commercials and advertisement on sports or hobby products would like us to believe that we can purchase performance. Buy that new camera, and you’ll take action shots a la National Geographic. Put on that new pair of running shoes and you can leave the other runners in the dust. And if you get this set of top-of-the-line cookware, your dishes will be as good as Julia Child’s.

There aren’t any national campaign for tango shoes that I know of, but even without the presence of commercials, I’m not immune to the concept of performance for purchase.

Lately, I’ve been looking at some tango shoes even though I have a perfectly good pair that I’m dancing in. A new pair of shoes will be so lovely, I tell myself, they will make me feel more confident on the dance floor. They will be more comfortable. They will make me a better dancer.

Then I think of the best tango dancer I’ve seen at practices and milongas. She is lithe and elegant. Her movements are by turn graceful and sharp, and she has never want for dance partners. She wears plain black heels that you can tell have been through hundreds of hours of practice. Confidence on the dance floor, I realize, cannot be purchased. This lady’s confidence has been developed through all the time she has invested in dancing, not from shoes, new or otherwise.

Every hobby has specialized equipment that enthusiasts need. The key is to keep your equipment that’s appropriate for your budget, performance, and interest. A dancer needs special shoes. Golfers need golf clubs. Yogis need mats. Cyclists need bikes.

But… new dance shoes will not make you a more graceful dancer. More expensive golf clubs might not make you a stronger golfer. Better bicycles might not make you a faster cyclists. Brand-name yoga mats definitely do not make you a more flexible yogi.

Before you spend the money on newer or additional equipment, evaluate if the money would be better spent on more lessons or training instead. There’s just no substitute for practice, practice, practice. So today, I will refrain from new tango shoes, and will go to an extra class instead.

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{ 15 comments… read them below or add one }

Investing Newbie February 22, 2010 at 4:47 pm

I've always been confused as to exactly how those commercials work, especially the ones that tell men that if they wear a certain cologne they will get the ladies. How can someone NOT see that there are other factors besides a basketball player wearing Nike sneakers or a a woman or a woman drinking a certain type of drink that will influence a particular event? I guess it doesn't matter because those ad campaigns have worked since forever.

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WellHeeled February 22, 2010 at 9:20 pm

Hhaha I like those commercials. Done well, they really are works of art. I'm also secretly hoping for a tango shoes commercial. Show me a new pair of satin stilettos and figures twirling around the dance floor, and I probably won't be able to resist. ;)

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Mike February 22, 2010 at 6:23 pm

This post really strikes a cord with me.

I'm a snowboarder and admittedly, I can be a big jerk sometimes.

That being said, I think it's funny when people spend hundreds of dollars on new gear thinking that it'll make them perform better on the slopes and then are completely perplexed when they realize all they need to do is snowboard more often. Haha.

Right on!

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WellHeeled February 22, 2010 at 8:45 pm

LOL. I know someone who takes AMAZING pictures. He has a $1K dSLR. But he got started taking pictures with cheap point & clicks. He said that if you can't take good pictures with cheap cameras, you can't take good pictures with expensive cameras. A great camera does not a great photographer make. If I were to pick up his camera, I wouldn't have the expertise or the knowledge to use it to it's fullest extent.

Snowboarding sounds really cool – I've never done it but I've been watching Shaun White on TV! :)

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FinEngr February 23, 2010 at 6:08 am

What!?!?! Have I been going about this all wrong? Wearing camouflage snow pants and "Don't Snitch" t-shirts along with throwing around: sick, wicked, dope, epic aren't going to make me better?

I sniff out out this fraud like a hound dog.

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WellHeeled February 23, 2010 at 6:23 am

Hahaha. Sorry you gotta find out like this. ;) Btw, thanks for coming by and commenting!

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Hedy February 22, 2010 at 1:42 pm

Great post. I was in a similar quandry recently regarding a hobby, and I also decided doing was more important than stuff.

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psychsarah February 22, 2010 at 9:08 pm

Well said! I think there is an urge to short-cut mastery of skills (like dancing, photography, etc.) but it simply can't be done.

By the way-have you heard the song Tango Shoes by Bif Naked? Your post made me start singing it in my head…totally random thought, sorry…

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WellHeeled February 22, 2010 at 9:19 pm

I haven't, but you know that's the next song I'm youtube-ing!

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Evolution Of Wealth February 23, 2010 at 1:38 am

This is the problem I have with golf. I know that the clubs I have a crap and I really want new ones. The problem is that I don't pay enough golf to be any good, yet I think if I get new clubs I have to get better. It's been a couple years though and I still haven't justified buying the new clubs. I will treat myself to them someday though. This might be the year. I'll use it as an incentive to play more golf.

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WellHeeled February 23, 2010 at 1:50 am

Hey there – thanks for coming by and commenting! Incentives are so important… Are you going to set a goal for X number of hours or a score to achieve before you buy your new clubs? The thing about tango is that it's easy to see the difference between "good" dancers and "bad" dancers, but there's really no objective way to measure one's level. Maybe I'll give myself another year or two before I get new shoes.

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StackingPennies February 23, 2010 at 5:36 am

This is really true — a lot of us have more money that time, and it is easier to buy a better "toy" than practice our crafts. And we're taught to use our money/purchase to express who we are and what we like. If we really like X, shouldn't we have top of the line X equipment?

That being said, good gear can make a difference. An average photograph often does really look better just with a better camera. But if you want to actually be good, you have to practice.

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FinEngr February 23, 2010 at 6:13 am

WellHeeled. Really LOVE analogies. Any time you can bring life examples into PF – it becomes such an obviously clear answer. Do you need to pay higher expense fees for better fund performance? Does doing your own research beat out paying for subscriptions upon subscriptions? You bet!

¡Baila Baila Baila!

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WellHeeled February 23, 2010 at 6:25 am

Added you to my blog-roll!

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FinEngr February 23, 2010 at 5:14 pm

Great, thanks & Congratulations on being a finalist!

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