Tuesday, December 27, 2005

Two great magazine deals!

Two-year subscription to Maxim magazine for $2
 
netMagazines.com offers a two-year subscription to Maxim for $22.  Take $20 off via coupon code "DCMPS20D" - for a net price of $2 ($1 per year).  To get this deal, select the 24 issues choice.  (Don't add two of the 12 issues.)  It may take up to 12 weeks for your first issue to arrive.  This offer is also valid for subscription renewals.
 
 
MagsForLess.com's Men's Magazine Pack: FHM, Maxim, and Stuff for $6.99
 
MagsForLess.com offers its Men's Magazine Package, which includes one-year subscriptions to FHM, Maxim, and Stuff for $6.99 via coupon code "CMDF192". It's by far the lowest total price we've seen for this particular bundle. No expiration date is given.
 

Wednesday, December 21, 2005

Interesting excerpt from Secrets of the Millionaire Mind book

This book compares the rich to the poor with these assertions:

1. Rich people believe "I create my life." Poor people
believe, "Life happens to me."
2. Rich people play the money game to win. Poor people
play the money game to not lose.
3. Rich people are committed to being rich. Poor people
want to be rich.
4. Rich people think big. Poor people think small.
5. Rich people focus on opportunities. Poor people focus
on obstacles.
6. Rich people admire other rich and successful people.
Poor people resent rich and successful people.
7. Rich people associate with positive, successful
people. Poor people associate with negative or
unsuccessful people.
8. Rich people are willing to promote themselves and their
value. Poor people think negatively about selling and
promotion.
9. Rich people are bigger than their problems. Poor
people are smaller than their problems.
10. Rich people are excellent receivers. Poor people are
poor receivers.
11. Rich people choose to get paid based on results. Poor
people choose to get paid based on time.
12. Rich people think "both." Poor people
think "either/or."
13. Rich people focus on their net worth. Poor people
focus on their working income.
14. Rich people manage their money well. Poor people
mismanage their money well.
15. Rich people have their money work hard for them. Poor
people work hard for their money.
16. Rich people act in spite of fear. Poor people let fear
stop them.
17. Rich people constantly learn and grow. Poor people
think they already know.

How would you like a call from Santa Claus for $25?

What do you think about getting a call from Santa Claus?  This guy has created a site where you can have Santa call your kids or an adult.  You can schedule this call for before December 1st, between the 1st and the 23rd, on the 24th or on Christmas day.  He charges different prices for calls; the closer you are to Christmas the more expensive the call.  $9.99 for calls before December 1st and up to $24.99 for calls on Christmas day.  You're probably thinking the same thing I am... this guy can't be making any money.  But you know what, you gotta give this guy some props because these days, it's all about coming up with that idea that no one else has come up with.  Even if this site doesn't make money, at least its gotten him and his website some publicity.

 

Welcome to Santa Calls Me!!!

Christmas is a wonderful time of year: a time for family, a time for giving and a time for magic.. Nothing brings the Christmas spirit more than Santa Claus.. At Santa Calls Me, we create a vivid personal memory with a call directly from Santa.

With the information you provide, we are able to make a personal connection with your child and spread Christmas cheer right through the phone.

There are very few things a child will carry with them into adulthood. But the memories of Christmas and the magic of Santa Claus are some of those things.. At Santa Calls Me we strive to make this time of year as magical as possible for your boy or girl.

We have no automated services.. All calls are made live at the time you schedule. And there is a 100% guarantee.. If the call isn't everything you thought it would be, we will give you your money back.

Santa Calls Me also makes calls to adults.

Sunday, December 18, 2005

$950 drink!!!

Here's a crazy article talking about a $950 alcoholic drink.  I mean, com'mon, who would pay that much for a damn drink.  Of course, this drink comes with a one carat grade A ruby.  Along with the ruby, you get a splash of Dom Perignon champagne and some Grey Goose vodka.  Apparently, several of people have already purchased this drink.  The drink recipe comes at the end of the story.

 

CHICAGO (AFP) - A jeweler turned drink designer has made a splash in the Chicago bar scene with a new cocktail that costs a whopping 950 dollars.

The Ruby Red is a tangy mix of vodka, champagne, cognac, pomegranate liqueur and orange juice.

And it comes complete with a one-carat, grade-A ruby.

"We kind of were playing with an idea that someone could come in and have something to celebrate and remember the night by," said Pete Gugni, a manager at the trendy Reserve club in downtown Chicago.

Gugni said the club wanted to come up with something more memorable than opening a bottle of champagne.

"That's where the stone comes in - at the end of the night they can take it home."

Gugni spent a few years as a jeweler after he graduated from art school, but switched to managing a bar because he got bored sitting behind a desk all day.

He used his old connections to buy the cocktail gems wholesale, and says they can easily be turned into a ring, pendant or earrings.

So far, he has sold three.

The first was to an out-of-town businessman who quietly ordered it for the woman sitting with him at a table.

The next was a Reserve regular who bought one for his girlfriend.

The third was an extravagant club promoter in his 20s who bought it to impress a first date. The man made a big show of handing it to the woman and warned her to watch out for a surprise at the bottom of her martini glass.

"She was loving it," Gugni said. "All her friends were looking at it trying to see the stone."

Coming up with a recipe for the drink took a lot of experimenting behind the bar with the club's servers acting as a test market.

"We wanted to use pomegranate because it's hitting a popular trend with the antioxidants, and orange is really good with that," Gugni explained.

Dom Perignon champagne added a certain 'je-ne-sais-quoi', while using the Grey Goose orange vodka brought a smooth and silky kick.

"It's not a really heavy or sweet drink. It's got more of a tart taste."

Nobody has ordered the drink without the ruby yet. Gugni figures he would charge around 120 or 130 dollars for a gem-less Ruby Red, to cover the cost of uncorking the champagne.

But even at that price, they won't get the whole bottle - they just get a splash.

To make a Red Ruby, stir together these ingredients (the gemstone is optional):

- 1.5 ounces Grey Goose L'Orange vodka

- 0.5 ounce Hpnotiq cognac

- 0.5 ounce orange juice

- 0.25 ounce Pama (pomegranate) liqueur

- a splash Dom Perignon champagne

Sunday, December 11, 2005

Crazy Video of Free Climbing


This guy is crazy. I don't know if this is doctored video or not but it looks legit. This guy climbs a verticle mountain in a matter of minutes. How do you think this guy practices for this? You think he goes to the local Dick's sporting goods store and climbs that fake wall? Watch this and you'll see what I'm talking about.


Online poker winnings... taxable?

This is a very interesting topic. With the uprising of online poker and internet gambling, how many people do you think are really keeping track of their wins and losses? There must be millions and millions of online poker players these days. Ads for online poker rooms are popping up left and right. These ads are on radio, espn, magazines... it's everywhere. Poker is not a "new trend" that will go away. It will stay and only get bigger and better.



Topic 419 - Gambling Income and Expenses

Gambling winnings are fully taxable and must be reported on your tax return. You must file
Form 1040 (PDF) and include all of your winnings on line 21.

Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse races, and casinos. It includes cash winnings and also the fair market value of prizes such as cars and trips. For additional information, refer to
Publication 525, Taxable and Nontaxable Income.

If you receive $600 or more in gambling winnings, the payer generally is required to issue you a
Form W-2G (PDF). If you have won more than $5,000, the payer generally is required to withhold 25% of the proceeds for Federal Income Tax. If you did not provide your social security number the payer may have to withhold 28%. For more information on withholding, refer to Publication 505, Tax Withholding and Estimated Tax.

You can deduct gambling losses only if you itemize deductions. Claim your gambling losses as a miscellaneous deduction on Schedule A Form 1040, line 27.

However, the amount of losses you deduct cannot be more than the amount of gambling income you have reported on your return. It is important to keep an accurate diary or similar record of your gambling winnings and losses. To deduct your losses, you must be able to provide receipts, tickets, statements or other records that show the amount of both your winnings and losses. Refer to
Publication 529, Miscellaneous Deductions, for more information.

Friday, December 09, 2005

Great quotes from a young millionaires

These are some great quotes from young millionaires. Babak is the founder of Multivision, millionaire at age 32 and Ryan is only 29 years old. I need to listen to the advice given here and go with it, especially Ryan's comment about just doing it. I've spoken to many people in the corporate world who always "dream" of starting their own business and making it big... including myself. Sometimes, i have to take my own advice and just do it. You gotta take the risk to get the big reward. Sometimes that means giving up what you have for something bigger. If it doesn't work out, then try again. I don't want to sound like a cliche but you have to fail to succeed.

Babak's comment is also well taken. Entrepreneurs need to let the workers operate the business and they need to grow the business. The business owners shouldn't be involved in the day to day operations because it takes away their focus on the bigger picture, which is the direction of the business itself. The vision of where the business is going is what's important in building a successful company.

"I think what separates a business owner and somebody with true entrepreneurial spirit is a business owner makes the mistake of working for their business where they go in every day and do the tasks that the business requires. What I've done is I have enough people that are working in the business on a day-to-day business that it gives me the opportunity every single day to work on the business. I go in and try to figure out what the next thing is for the business, making improvements every day.

"One way I do that is once a week I get away from the office. If you have a management team, get them away from the office so they're not in that environment and then you can really say, let's work on the business. Nothing keeps the entrepreneurial spirit alive better than committing yourself to make an improvement to the company everyday."--Babak Farahi, 32, founder of Multivision Inc., an Oakland, California, company that records and broadcasts coverage for clients

I would definitely say, stealing the Nike thing, just do it. There are so many people I've met over the years who've really had a good business idea, something that was maybe a hobby of theirs [or] something they were passionate about, and they just never did it. And I think fear is a factor for a lot of people for not entering the business arena. But absolutely do it."--Ryan Duques, 29, co-founder of Shore Publishing, the publisher of 16 community newspapers in Connecticut and Rhode Island

Early Sit and Go Strategies by Phil Gordon

Great article by the poker pro, Phil Gordon on sit and go poker tournaments. I like playing sit and go's because they are quick compared to the full tournaments. It's also a good way to practice your online tournament strategy.

One of the best ways to practice this bedeviling game is to play "sit-and-go" single-table tournaments on the Internet. I play many of these things a week, at many different stakes, on Full Tilt Poker every week. Playing an S&G tournament will give you final table experience -- to win, you'll have to perform well in full table situations and constantly adjust your strategy and tactics as the play becomes increasingly shorthanded. In my mind, there is no better training tool available for the serious student of the game.

At Full Tilt Poker, the sit-and-go tournaments have a generous structure: nine-handed play, six-minute levels (about 15 hands per level). Three players are "paid" with about 50 percent of the prize money being awarded for first place, 30 percent for second place, and 20 percent for third place. All players start with 1,500 in tournament chips.


Early level thoughts and play:
15/30 Level: I play very, very tight during the first level while I'm getting a feel for the table. At the lower limits (100 buy-in and below) there are always a few players at the table that are maniacal. I try to stay out of the way of these guys unless I get a big hand. I'm not scared to put the chips in the pot with pocket aces, kings, queens or ace-king, but I'm not looking to commit a large part of my stack before the flop without one of these premium hands. I'm looking for betting patterns here that I can exploit at critical stages of the tournament -- I'm particularly looking for players that play a very loose, aggressive game from late position. I note these players and plan to take advantage of them later. It will not surprise me to see one player eliminated at this level, but one or two players eliminated early will not change my strategy of tight play.

20/40 Level: Again, I play very tight. It will be rare that I'll have to post more than three total sets of blinds by the end of this level -- if I fold every single hand in the 15/30 and 20/40 level, I'll still have, on average, about 1,350 in chips at the end of this level. In my experience, the average number of players remaining at the end of this level is about eight: tight is still right.

25/50 Level: I have a tight image now, and I'm ready to make my first move. If a loose player "limps" into the pot in middle or late position, I'm willing to raise and try to win the pot from superior position. I'm willing to try to steal the blinds from late position as well. Remember, I've been playing absurdly tight for the first two levels, so my raises will get some respect.

30/60 Level: This is a very, very small increase in blinds from the previous level. Much of the strategy from the 25/50 level still applies. I am very careful here to not raise the blinds of short-stacked opponents without a premium hand. Short stacks here will be about 350-500. If I raise a player with that stack and they move in, I'm 100 percent committed to calling them because I'll almost always be getting the correct odds to do so. However, having a sub-premium hand in this spot is a recipe for becoming a short stack. I'll take a shot at stealing the blinds if it presents itself.

40/80 Level: By this time, there are usually seven players left in the tournament. I'm going to loosen up my starting hand requirements just a bit, but I'm still going to be very selective preflop from early position. Remember, this is an extremely small increase in blinds from the previous level. I no longer consider limping a valid strategy preflop. If I'm ever going to play a hand and I'm the first to voluntarily commit chips to the pot, I'm raising.

50/100 Level: Usually, there are five or six players left in the tournament at this level. That puts the average chip stack at around 2,600 or so. Players are not feeling the "squeeze" unless they have about 1,000 in chips or fewer. But I still have to loosen up a bit because the blinds are coming around very quickly. "Sitting out" for the entire level will be catastrophic to the stack -- I'll lose at least three sets of blinds for a combined 450 loss should I get too tight here. I try to pick up at least one blind steal during this level. If there are still seven or eight players left in the tournament, realize that big conflicts are coming -- a raise and a reraise virtually force the players all-in.

Phil Gordon is a World Poker Tour champion, host of Bravo's "Celebrity Poker Showdown," and plays online exclusively at FullTiltPoker. Phil Gordon's educational poker DVD, "Final Table Poker", is available at ExpertInsight.net and his new "Little Green Book" is available now.

Thursday, December 08, 2005

Interesting article from Reuters

This is an interesting article from Reuters that talks about how a man who lost $900 million by investing in a stock (WorldCom) that was recommended by a Citigroup analyst. This is interesting b/c it would make ALL stock analysts responsible for all their recommendations. Could you imagine if the investor won this case? Every person who has ever followed a stock by an analyst would be able to sue the analyst who recommended it.Citigroup wins $900 million case

NEW YORK (Reuters) - In a major legal victory for Citigroup Inc. , an arbitration panel last week ruled against a $900 million claim from an investor who said he lost money by relying on allegedly flawed research issued by the bank.

A Citigroup spokesman on Thursday said a National Association of Securities Dealers panel rejected the claim of Donald Sturm, a wealthy Colorado investor who argued he held on to nearly 21 million WorldCom Inc. shares because former Citigroup analyst Jack Grubman highly recommended the company.

Citigroup argued that Sturm was a knowledgeable investor and should take responsibility for his decision. Arbitration hearings are held in private and the panel didn't disclose reasons for its ruling.

"We are very pleased with the panel's decision, as well as with what has been quite a favorable success rate for these claims, in general," spokeswoman Shannon Bell said.

Grubman drew fire for touting WorldCom even as shares of the long-distance company, now MCI Inc. , collapsed. Grubman, who helped Citigroup land many millions of dollars in investment banking fees, resigned under pressure in August 2002.

In the Sturm case, one of the largest of its kind filed against a Wall Street firm, the investor tried to demonstrate a direct link to Grubman and to prove that the research was flawed, according to a Wall Street Journal report on the panel's decision on Thursday.

New York and federal regulators settled with Grubman in April 2003, fining him $15 million and barring him for life from the securities industry.

Citigroup also at that time agreed to pay $400 million as part of a $1.4 billion settlement among 10 banks accused of issuing tainted research to help their firms win banking business.

Retirement plan contribution limits

Traditional IRA

Year Maximum Regular IRA Contribution Catch-up Contribution ***

2002 $3,000 $500

2003 $3,000 $500

2004 $3,000 $500

2005 $4,000 $500

2006 $4,000 $1,000

2007 $4,000 $1,000

2008 $5,000 $1,000

Roth IRA

Year Maximum Roth IRA Contribution Catch-up Contribution ***

2002 $3,000 $500

2003 $3,000 $500

2004 $3,000 $500

2005 $4,000 $500

2006 $4,000 $1,000

2007 $4,000 $1,000

2008 $5,000 $1,000

Simple IRA

Year Maximum Simple IRA Contribution Catch-up Contribution ***

2002 $7,000 $500

2003 $8,000 $1,000

2004 $9,000 $1,500

2005 $10,000 $2,000

2006 $10,000 $2,500

2007 Indexed to Inflation Indexed to Inflation

401 K Plans

Year Annual 401K Contribution Limits Catch-up Contribution ***

2002 $11,000 $1,000

2003 $12,000 $2,000

2004 $13,000 $3,000

2005 $14,000 $4,000

2006 $15,000 $5,000

2007 Indexed to Inflation Indexed to Inflation

403 B Plans

Year Annual 403B Contribution Limits Catch-up Contribution ***

2002 $11,000 $1,000

2003 $12,000 $2,000

2004 $13,000 $3,000

2005 $14,000 $4,000

2006 $15,000 $5,000

2007 Indexed to Inflation Indexed to Inflation

Section 457 Plans

Year Annual 457 Contribution Limits Catch-up Contribution ***

2002 $11,000 $1,000

2003 $12,000 $2,000

2004 $13,000 $3,000

2005 $14,000 $4,000

2006 $15,000 $5,000

Simplified Employee Pension SEP Plans

Year SEP Contribution Limits MAX Considered Compensation

2002 $40,000 $200,000

2003 $40,000 $200,000

2004 $41,000 $205,000

2005 $42,000 $210,000