Archive for common sense

THE RIDE OF A LIFETIME By Paul Teutil, Sr with Mark Yost – Reviewed

Posted in Personal Finance, Reviews, Uncategorized with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on December 31, 2009 by stanleyriiks

If you’re coming to this book as a fan of the show, as I was, if you’re thinking this is a business book, as I was, and are looking for insights into running your own business, as I was, then you’re in the wrong place.

This is a very basic management book. It contains very few business tips, there are a few time-worn management skills, many of which are basic common sense, and most of which are fairly obvious. The depth of the book, at nearly a hundred and fifty pages, isn’t worth mentioning. Reading the chapter titles will give you a very good idea of what to expect as Paul gives us his own person take on management. He’s obviously a big man with a good strong head on those broad shoulders, who tries to surround himself with good people.

He also has some serious issues with his parents and his troubled childhood, and he’s rightly proud of doing so well considering his upbringing and dealing with his own demons, in the form or drugs and alcohol, which he was addicted to for twenty years.

What comes across more than anything is that this is a hard-working man. He doesn’t have any special secrets or any special talent, but he does have the drive to succeed and a passion to do his best.

As a fan of OCC and American Choppers I can’t help but think of this as a cash-in. Perhaps not by Paul, who seems to think his wisdom is worth sharing, but more by the publishers, who haven’t pushed Paul at all to reveal how he managed to be a functioning alcoholic, and build two successful businesses.

If you’re looking for business insight then you would be better served with another book. If you’re looking for an OCC book then look elsewhere too. This is not a bad management book, but it’s not a bible, and it’s only one man’s opinion. And it’s very basic, barely backed up by experience.

This book is for those really interested in OCC and how Paul got started, and his management style. Which I would imagine is really only a few people.

The book doesn’t fail because of the OCC tie-up, it’s the only thing it has going for it. I can’t help thinking that as the season of American Chopper ends, with the family going in their separate direction, the future of OCC is going to be very different. Apart from the unknown daughter, the sons don’t particularly come out too well in the book either. And despite appearing so important to Senior in the book, the arguments and the way two of his sons are treated in the series and described in the book, it seems that his children won’t stand in the way of his success either. It seems that it is the end of OCC as it was, and that Senior is powering on by himself, and with his management tenets behind him, you have to worry that the future may well not be as bright as he thinks it is.

Credit Crunch: A Survivor’s Guide

Posted in Life..., Personal Finance, Uncategorized with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on December 8, 2009 by stanleyriiks

The credit crunch has hit me hard. I haven’t lost my job (so far), but my income has decreased significantly (about 25%), the threat of redundancy has loomed over me for the whole of 2009 and is likely to be an issue again in 2010. During this time of difficulties I’ve had to tighten my belt, to cut costs, I’ve had to crunch my own credit, look at my needs and expenses and try to put together a back-up fund for emergencies.

It has been hard. The credit crunch was unexpected by most people, including me, and because there was no warning I found myself unprepared.

To give you some background, I have a full-time job (the joy!), I live in rented accommodation (which until recently I enjoyed alone). I enjoy good food, regular holidays, lots of tv channels, unrestricted broadband internet access, buying things when I want them, not having to save forever to get an iPod touch, and being in control of my money.

That is until I realised how precariously balanced I was on the financial divide. The divide between the haves and have-nots. Because of the credit-crisis it’s not so much of a divide any more, and there’s no border patrol stopping you going over to the other side now.

I plan to put together a series of articles aimed at making you look at your money and getting you to think about how you spend it. This isn’t a get rich quick scheme, it’s not a 12-step debt removal system, it’s just a common-sense way of looking at money and how you use it. The idea is to take in this information and use it to save yourself some money without having to go without too much.

Next time: Budgeting