Updated on 01.02.12

The Simple Dollar Weekly Roundup: Freedom Edition

Trent Hamm

A few days ago, a technical problem with The Simple Dollar cropped up involving the front page not refreshing for some users of the site. A reader emailed me about it.

A few months ago, I would have then spent several hours reading documentation and trying to figure out what was wrong. There would have been a decent chance that I would have broken the site in the process. I would have been stressed out, lost the chance to write multiple posts, and walked away wishing I could be doing something else with my time.

Now? I shot an email to my technical contact at Cut Media. They did some stuff. It seems to have been fixed. It took me about two minutes, without stress about breaking the site or anything else.

This is why I made the choice that I did to join forces with Cut Media. They’re good at handling the things that I’m bad at and don’t enjoy. I might not have the financial options I had before, but I have a lot more freedom and a lot less stress.

Terry Gilliam on Ideas, Unlearning, and Avoiding Debt Terry Gilliam is a former member of the Monty Python comedy troupe (he usually did the animation work) and moved on to directing films. I really enjoyed this interview from him about finances and creative careers. (@ the 99 percent)

I’m Investing 100% of my 2012 Income One member of this couple is investing her entire 2012 salary into building a small business with multiple employees. That’s a pretty strong move. (@ afford anything)

College Kids Need Skills, Not Good Grades The problem, of course, is finding ways to evaluate skill sets. Theoretically, that’s what classes are supposed to do, but my experience has been that many of the “A” students in classes aren’t the ones I would want as employees. (@ thousandaire)

The chance of a lifetime The current economic conditions aren’t bad. They’re the chance of a lifetime. (@ seth godin)

Loading Disqus Comments ...
Loading Facebook Comments ...
  1. justin says:

    you could have just hired an employee instead of selling the website.

  2. josh says:

    It took 5 days for me to finally see an update to the front page. Hopefully it doesn’t happen again.

  3. lurker carl says:

    “They’re good at handling the things that I’m bad at and don’t enjoy. I might not have the financial options I had before, but I have a lot more freedom and a lot less stress.”

    This is the same reasoning for hiring a mechanic to repair your car or anything else in your life that is beyond your ability to rectify alone.

  4. Kai says:

    ^Or just beyond your interest in spending the time to do, when you have the money available to pay someone else.

  5. valleycat1 says:

    If Cut Media is handling the tech issues now, seems like there’d be info giving a way to directly contact them from the website to report the issue, so readers don’t have to notify Trent by email, twitter or facebook to get a response.

  6. Katie says:

    Eh, I’m with Trent – there’s no shame in setting up your life so you can do the parts of your job you like and not the other ones. And having employees comes with a whole other set of administrative hassles. There are plenty of valid paths in the world that don’t involve owning your own business.

  7. Thank you so much for recommending my post about investing 100 percent of my 2012 income. I’m honored!

  8. Ruby Leigh says:

    Reading through the comments again – and realizing the same thing I always do which is that comment-ers on the “The Simple Dollar” are notably jerky.

    Anyway, my initial question was what do you mean by “limited” financial options, but I’m guessing that it is because Cut Media is taking some of the advertising profits. However, if you consider that you now have more free time to pursue other potentially profitable interests then perhaps the burden is being lessened.

    Also, to #5 John, I think this idea that redefining priorities and choosing best options being thought of as lazy is misguided. Working ourselves into absolute burnout is not hard-working in fact it lacks prudence and doesn’t mesh with our other priorities. I personally work in a capacity that takes up less than 40 hours per week, I can live comfortably on the income I obtain, but it isn’t plush. Meanwhile I have a degree that could afford me much more income wise, but wouldn’t be the life I want. Does that make me lazy ? – I don’t think so.

  9. Thanks for featuring my post here Trent, and Congratulations on getting your site working again. I can relate to being really bad at fixing technical issues, so it’s nice that you can have them fixed immediately now by people who know what they are doing!

  10. Michael says:

    I’m a little worried that Cut Media did not give Trent a very good deal. I know I would be disappointed if I couldn’t work out a better deal than having to be a contract writer for three years after the sale. In opportunity cost that’s quite a lot. The worst I’ve seen from my friends who sell content sites is three months to transition in the new writers.

  11. valleycat1 says:

    #10 Michael. Trent is happy with the deal. And I’m sure he considered a lot of factors before agreeing to the arrangement.

  12. Kai says:

    @ Michael (#10).
    The difference is that Trent wasn’t selling it to get rid of it. He wanted to stay on as the writer, and just have them do the rest of the stuff. If he had desired to just be rid of it, he might have been able to score a better deal, but for him, this one worked.

  13. Johanna says:

    @Kai: I thought that what Michael was talking about was the possibility that Cut Media could fire Trent and employ somebody else as a writer instead – in which case, what Trent wants wouldn’t matter. But maybe his contract with them specifies that they can’t do that.

  14. Kai says:

    Oh, the other way. I read it as Michael suggesting that being required to write articles for three whole years after selling the website was a bad deal, whereas usually the seller isn’t required to be involved for very long – 3 months at the worst he’s seen. Hence, the opportunity cost of being forced to stay with the sold site.

  15. Johanna says:

    Although, now that I think about it, the “opportunity cost” sentence makes more sense with your interpretation than with mine, so you’re probably right. Which is not surprising, because it’s been a long day.

  16. Evita says:

    Justin: Trent wanted to concentrate on writing, not manage a website or manage an employee. I say good for him! (and hope for better writing now that he has less distractions)

Leave a Reply

Your email address will not be published. Required fields are marked *