Creative Business

Trickle-Down Economics

A 2015 report by the International Monetary Fund argues that there is no trickle-down effect as the rich get richer:
If the income share of the top 20 percent (the rich) increases, then GDP growth actually declines over the medium term, suggesting that the benefits do not trickle down. In contrast, an increase in the income share of the bottom 20 percent (the poor) is associated with higher GDP growth.
-Source: Wikipedia

The trickle-down theory is absolute bullshit. It is a fairytale told by the rich and powerful to the poorer, ill-informed, consumer class on which they rest upon.

Creative Business

East To West

Today is the first day of the month. I need to balance, analyse and update all personal accounts and financial matters spanning three separate continents. I call it East to West financial management.

Creative Business, Movies, Books & TV Shows

The Big Short

A few days ago, I watched The Big Short, a comedy-drama based on a true story depicting the global financial crisis of 2008.

You must be asking: Huh? Comedy drama? Financial crisis? Boring?

I must admit that I had mixed feelings when reading the film’s introduction. I see-sawed between comedy (hate) and finance (love). What a wonderful surprise to find the film absolutely entertaining and memorable! Somehow, the light-hearted aspects of the film had contributed much in making this otherwise very technical and tedious topic… understandable, interesting and human?

The Big Short is fantastic and will definitely be on top of my movie list for a while.

Creative Business, Health

12 Powerful Habits

I recently read an article entitled 12 Powerful Habits I Have Stolen From Ultra-Successful People. The following are the 12 habits and how I fare in comparision:

  1. Waking up early – I wake up early most days of my life.
  2. Making lists – What can I say, list making is an obsession.
  3. Habit stacking – This comes naturally with the early mornings.
  4. Stretching – Can be improved.
  5. Listening to podcasts – Do audio books count?
  6. Meditation – Part of my morning routine.
  7. Reading – All my life.
  8. Writing –  Since I can write.
  9. Defining the most important task (MIT) – I think I am good at this, but can be better.
  10. Doing the affirmations – Need to pay attention and put more effort into this area.
  11. Visualization – Can be better and for longer terms.
  12. Exercise – Not my thing. However, I can never stay still for too long unless I’m sleeping.
Creative Business

Interbank Transfer

Thanks to internet banking, it is now so easy to transfer funds between banks. I still remember the days when one needs to withdraw money at one bank and then make that terrifying trip to deposit the funds at another bank, all the while praying that one will not be robbed along the way.

Creative Business

E-Commerce 2015

As we did last year, D and I attended the e-commerce conference at Kortrijk X-po. The focus has shifted from start-ups to web-shops. There are a few interesting information regarding the development and trends of the on-line retail environment within the Benelux. But most of the information serve as reminders to me. In terms of on-line shopping, Belgium still has a lot of catching up to do.

Creative Business

Talk To Real People

Don’t be afraid to let the voice of the real customer in; you must trust them to teach you. “I’ll say it again. Talk to real people. Not your mother, not your father, not your co-founder,” says Biddle. “Speak with 20 to 40 people not like you, and listen. At the end of the day, they may not sign up as your customer immediately. But they’ll reveal their way of thinking and show you their mind. And that’s exactly where you want your brand to blossom.” ~Netflix

When I first came across Netflix, they were just annoying spam mails that I get occasionally. Before long, I was watching their DVDs and loving the service. I left America before I can test out the streaming service, but it is evidently successful because Netflix had crossed the Atlantic a year ago. Never be afraid to talk to real people. That’s how you learn the no-bullshit way of life.