dbjacobs

If they were charging for ACH payments I could understand the outrage. But passing through some of the credit card fees they pay hardly seems to be a capital offense. The only reason you don't see lots of companies passing through the cost is that their agreement with VISA et al forbids passing through the cost (which is why this is characterized as a convenience fee and is not exactly equal to the credit card fees they pay).

Simply put, there are more important things to complain about than this.

When working for the federal government everyone knows everyone else's salary. So it can be done, and is generally less corrosive than hidden salaries.

Storage cost is $1/yr/GB which is similar to Amazon's S3 reduced redundancy storage. It is unclear which level of reliability Amazon is promising for the cloud drive. If it is the higher level, it is a good deal.

This is humor people (like an Onion article). Here is the original source http://dawnwires.com/politics/saudi-king-to-buy-facebook-to-...

Correlation is not causation. While it would certainly be nice if true, and it certainly passes the common sense test, this study does little to prove the causation.

For example, it could be that people who have the necessary genes for maintaining their better physical health are therefore more likely to stay active in their old age. So it could be their genetically better health leading to the behavior, not the behavior leading to the better health.

I wish science reporting handled this better.

It uses a PDF exploit (yes malicious site could also use this). Currently MMS and Facetime is being broken for many people. I suggest waiting until the kinks are worked out.

It uses a PDF exploit. It is currently breaking facetime and mms for many people. I suggest waiting until the kinks are worked out.

This is a well known problem. How do you filter through the tons of junk to find the golden nuggets? Experts are bandwidth constrained and can't look at everything. So if you have a great idea/ product you must market it through your social graph until someone who believes in you recommends to an expert who values their opinion that they should look at the idea.

The only way around this is to implement the idea/product yourself or be famous.

When I achieved something akin to FU money, there were the expected benefits (i.e., greater freedom), but that freedom also strips away many excuses we come to rely on.

For example, if you spend hours coding at the computer (because you love it), that is now YOUR choice and it affects how the rest of your family will perceive it because you can no longer claim that you NEED to spend that much time. In fact, if you are not careful, you may end up with your family controlling more of your time than you want.

You also go through a bit of an identity crisis. So much of your identity is tied up in what you do. All of a sudden when you are at your kids soccer game, casual conversation becomes more awkward as people inevitably ask "what do you do?".

Put these together and you clearly need to come up with your next purpose because otherwise you will have a heck of a time deciding how to spend your time.

In the process of figuring out the planning and investing piece I became a CFP and registered investment advisor (more of a multi-family office). I have now seen a number of others go through the transition and can offer the following observations for different levels of FU money.

< $10 million -- The focus stays mostly on the individual and family with the money supporting their pursuits.

$10 - $50 million -- At this level there starts to be a strong pull between wanting to support the family and wanting to create a lasting legacy. The pull from these two directions can create a lot of stress depending on the person's values and the values of the rest of their family (mainly spouse).

$50 million+ -- At this level the legacy becomes the focus. The responsibility of making that money improve the world becomes paramount. You don't see someone with this kind of money deciding to become a math teacher. In this sense, someone with this much money is less free than someone with only $10 million who wont feel as strong an obligation to ensure their money gets put to good use improving the world.