By Brad Beckstrom
Have you noticed a big drop off in any part of your life?
I’ve been noticing a real drop off in the number of (non political) blog posts I’ve been seeing since November of 2016. At first I thought it was the election, the holidays etc. People have been distracted. I figured at some point we would stop discussing politics and get back to talking about anything but that. Well, the drop off has continued. You see, I don’t follow any political blogs or news publications in my feed reader. So, a lot of the blogs I do follow have dropped off, from maybe a post a week to less than one post per month. This is across a wide variety of blogs I follow, personal finance, photography, financial independence, minimalism, small business, creative writing etc. What’s going on? I feel like I already know the answer because my own writing has dropped off at about the same level, from once a week to once a month. It has a lot to do with many people, including myself, being totally distracted by all of the stuff outside of their circle of control.
The Circle of Concern vs. Circle of Control
A circle of concern is simply a big circle with all of the things you’re concerned about scribbled inside of it. Inside of that circle is a circle of control. The circle of control is things that you have direct control over, what you read, where you live, what you eat, essentially your actions and thoughts.
Focusing inside versus outside the circle of control
Stephen Covey, author of the 7 Habits series, said that people with a large circle of concern become reactive. Read more…
By Brad Beckstrom
Why would I waste a perfectly good Thursday morning writing about health insurance and health savings accounts? Well, politics has made paying for healthcare a national obsession.
There’s been a lot in the news recently about the spiraling costs of healthcare and Republican promises to cut the costs of health insurance for individuals and families. While no formal plan has been presented, one key component mentioned by both Republicans and Democrats is the Health Savings Account or HSA. The fact is, tax-advantaged HSAs have been around for years. In many ways they are also one of the best ways to save for retirement. I’ll explain why.
What is an HSA?
An HSA used in conjunction with a high deductible health insurance policy allows users to save and spend money tax-free to use for medical expenses. Contributions to an HSA can be made pre-tax directly from your paycheck or you can make contributions on your own that are 100% tax-deductible, up to $3300 for individuals and $6550 for families and, if you’re over 55, you can contribute $7550 per year. For example, a family in the 25% marginal tax bracket could save you over $1600 a year in taxes.
How does it work?
Once you have money in your account, you can then use it to pay for all types of medical expenses, including things like new glasses, prescription drugs, medical and dental visits, and any medical expenses not covered by your high deductible health plan. To be eligible, you need to have a health plan that qualifies as a high deductible plan. (Example a minimum deductible of $1300 for singles or $2600 for families). A high deductible plan means you will pay more out of pocket before meeting your deductible. The advantage is that the premiums on these plans are lower. Due to the high cost of health care, many employers are now offering only high deductible plans, or versions of it, as an option. For entrepreneurs, these plans are also available through healthcare.gov and labeled as HSA or through most health insurance brokers at comparable rates. Read more…
By Brad Beckstrom
I thought I had this all figured out. A few years ago, I decided to get on a high quality low information diet. I would avoid traditional news sites and only follow a small group of highly trusted writers, using a RSS feed reader. I would update and pare back this list regularly and categorize the writers I followed by interest. The feed reader I use is called Feedly and allows me to group my favorite writers into categories like business, family, personal development, photography, comedy, sports etc. The feed reader is very effective at stripping out distractions, especially all of that click bait, and fake news, you see at the bottom of many websites, even on many major news and network websites. My plan worked well. Each evening my feed reader presented me with a personally curated news stream from a group of writers I trust with very little distraction. No clickbait, no banner ads, no fake news.
Then two things happened. Apple launched an app called “News” that I started playing with after a recent iPhone upgrade. Then the election cycle began. This news app is comes set up like a feed reader for the big news sites. I found myself following multiple networks, major newspapers. Any spare moment I had, standing in line, having some lunch, I started filling up with this news app. Then I felt I needed to share things on Facebook or Twitter which led me to click on more stories shared by friends. There was so much garbage out there about both candidates, I’d quickly spiraled into a news consumption addiction. I’d gone from high quality, low information to just information and way too much of it. Not only did my other feed reader start to fill up with unread articles, I also found myself thinking less about what I wanted to create. I was too busy absorbing all of the news to think about much else. As a dieter might say, I fell off the wagon. Read more…
Followed by a 11 things I really wish I knew my freshman year.
By Brad Beckstrom
I came of age and entered the working world in the 80s and 90s when self-help books, CDs, and personal improvement seminars were all the rage. Classics like The 7 Habits, What Color is your Parachute? And many others from authors like Napoleon Hill, Tony Robbins that are still popular today. They were full of exercises and to do lists, charts and graphs, but what I really remember where the quotes, many of them decades or even centuries old. The ones that lasted. The knowledge these writers returned to again and again.
Self-help books are full of knowledge from a diverse group. Here I’ve quoted Maya Angelou, Ralph Waldo Emerson, Bruce Lee, Frank Zappa, Calvin Coolidge, Joe Strummer, St. Augustine, and Marcus Aurelius.
It was the quotes, the short sentences with powerful meaning that connect, that I would highlight or write down. When things got difficult, I could go back and look at some of these words that writers, artists or leaders I admire have said. I’ve tried to incorporate them into core principles and a life philosophy. Some of them are pieces and parts of other quotes that spoke to me, so I decided to share them with my sons. My oldest is leaving for college and the youngest is beginning high school. I believe I’ve tried to live these, but just in case. After all we live 3 miles from Washington, DC, a city full of self-serving politicians, spin doctors and general corporate obfuscation. Today, standing for basic set principles can help one rise above the fray.
11 Big Life Things Read more…
How to vastly improve your experience with maps and keep your head from getting lost in the map on your smartphone.
By Brad Beckstrom
Cartography – The study and practice of making maps.
Remember paper maps? I’m talking about the big unfolding kind they used to give you at tourism offices, AAA or full-service gas stations. How about the slick plastic coated ones that you could access with one hand on the steering wheel trying to navigate in a city like Rome or Washington, DC? Or the jumbo 50 page city or county map books they used to sell at office supply and convenience stores for about 18 bucks, still popular with some realtors and salespeople who work in remote areas or haven’t jumped on the smartphone bandwagon yet. Or the mother of them all, The Rand McNally Road Atlas hundreds of pages just waiting to be explored. I always had a thing for maps. I was always up for exploring out-of-the-way places, and maps helped me get there.
When my boys were younger, we used to play a game called “spin the globe”, wherever you land, you have to go there. I remember once my oldest son spun the globe and landed on Yakutsk, Russia generally considered to be the coldest inhabited city on earth with average temperatures of -58°F. He immediately added the city to the weather app on his phone and kept an eye on the place, occasionally sharing the sometimes ridiculous low temperatures. I don’t think I’ll ever see Yakutsk but I have a feeling he might.
Once GPS came along I knew I was hooked. (Finally an answer for my lack of direction in life.) I played around with some of the earliest handheld GPS units, the kind where you had to load a CD onto your computer then somehow transfer maps to the GPS unit. These early units were popular with boaters because it’s very important to know where you’re going on the water. You also need to know about a third dimension, the depth of the water so you don’t end up on a sand barge, as I occasionally did. At least I can blame the fricking GPS unit versus my lack of preparation with paper navigation charts. Read more…