by Alison Moore Smith | Jan 15, 2013 | 100 Day Challenge, Lifestyle Design
Italian economist Vilfredo Pareto studied patterns of wealth and income in the late 19th century. The Pareto Principle shows that “a minority of causes, inputs, or effort usually lead[s] to a majority of the results, outputs, or rewards.” Later known as...
by Alison Moore Smith | Jan 14, 2013 | 100 Day Challenge, Lifestyle Design
One of the first concepts I learned in business school was “opportunity cost.” Opportunity Cost = The cost of an alternative that must be forgone in order to pursue a certain action. In other words, the opportunity cost of the dollar I spend on a candy bar...
by Alison Moore Smith | Jan 13, 2013 | 100 Day Challenge, Lifestyle Design
Every few months I teach a workshop titled How to Make Money With Your Blog. It's a two-hour, intensive how-to course followed by a one hour of question and answer session. I limit attendance to 30 potential bloggers, so that they get personal attention. One of the...
by Alison Moore Smith | Jan 12, 2013 | 100 Day Challenge, Lifestyle Design
Since the 1980s, the market has been flooded with “time management” books and products. While many of these have valuable insights, none of them can actually manage time. Time is a constant. It moves on at the same pace regardless of what we do (or don't...
by Alison Moore Smith | Jan 11, 2013 | 100 Day Challenge, Lifestyle Design
I've often heard people say, “Live as if it were your last day on earth!” But that's not a motivating phrase to me because it's entirely impractical. If today were my last day, I would not work on corporate taxes, do laundry, or pay bills. I wouldn't even...
