Bill Gates thinks we need new economic models

Nearly forty years ago Bill Gates, along with Paul Allen, founded Microsoft. Since then Microsoft has been a driving force in the software, enterprise, and IT industries. He’s also one of my personal heroes.

He posted this note on his blog after reading “Capitalism Without Capital” by Jonathan Haskel and Stian Westlake.

Gates points out that the intrusion of software into the industry that was previously driven by tangible goods the world needs to rethink economic models. He points out in the below image of the Supply/Demand model that this is how he was taught the economy worked.

It’s not entirely untrue, but this model doesn’t work for software anymore- because software can be deployed and shared anywhere for little to no cost. Rather than things like cars- which require materials and people to assemble each one. Software is also no longer very transferable- with many companies moving to subscription based models requiring you to log in to the software for access. As such, you can’t sell used software easily anymore. But you could still sell your car.

Regardless… the blog post is great and you should check it out: Gates on Gates Blog

I’m going to check out Capitalism w/o Capital! When I finish it I’m going to post my perspective on it, as I wonder- between job loss and other things- exactly how the worlds economy will evolve in the coming decade.


Gates on Gates Blog

Baby steps for success

Baby steps. Patience. Vision. Progress.

These four statements above are some rules I follow every day that drive my success. It sounds to simple to be true- but it is.

That’s because most people lack the confidence or willpower to see things through to the end. Many people burn out because they try way to hard way to fast… they don’t take time to appreciate the journey that is life & personal progress and development. That or they don’t consider the breadth or depth of what they want to accomplish, and their lack of foresight prevents them from making progress. (That’s what great mentors are for!)

To prevent burn out and maximize your potential for success in any endeavor- weather it’s personal or another long term project- always consider taking small “baby” steps towards your goal rather than charging a head at it.

Making small progress this way may feel slow, but it’s the best way to maximize your gains without burning out.

Consider the example of learning a new language. First you may try to take a class to grasp the fundamentals, buy a book, and try to map as much of the new language to your own as you can. This is stressful and depends on a lot of short term memorization and continuous practice to maintain- time not afforded in everyone’s schedule.

Rather, you could focus on learning a few new words every day- words for objects you see at work or on the way to work. After a few months as you build your vocabulary day to day you will feel like you have a more natural grasp on it because you’ve take time learn it and not force the information. Begin to work on larger sentences and compound phrases.

I feel like my current experience making money online is a great example…. I saw very little to start and now I am I starting make back my investments and then some. I got burned out in the beginning and I had to stop to focus on other things. Now I manage myself better and I’m making more for doing it!

To visualize the power of baby steps, I love this graph from as it clearly illustrates the power 1% change compounded every day.


Progress requires patience and vision. You have to know where you want to go and you have to understand nothing happens overnight. Rome wasn’t built in a day either. Once you’ve completed your goals however, then you have success you can claim your own and nothing is better than that! Especially if you are seeking to improve yourself or your position.

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I also love this comic (featured), it illustrates it the concept well too. Check out more of Sarah Andersen’s comics! Check out her Book Herding Cats!


The Minimum Payment Trap

On the outside, minimum payments are made to look harmless and as though they exist for your advantage. However, this couldn’t be further from the truth. Minimum payments are designed to keep people in spiraling debt.

The lower the minimum payment (relative to the size of the loan), the more interest you will pay.

When you take out any sort of loan loan, there is often a structured loan repayment plant for the duration of the loan. Lower minimum payments are attractive to consumers because they see it as an opportunity to make big, expensive purchases without the need to save up for them. The problem with this model is that on top of paying for the items or commodities in question, you also pay interest on a loan. While this is widely known, what is not widely known is that Minimum payments maximize your out of pocket expenses significantly. 

My friend recently bought a home for a relatively affordable price in Bellevue, Washington. A year or so after buying the home, he found out the house had severe electrical and plumbing issues. He had to take out a second mortgage to gut, fix, and repair the whole house. At first, he was very happy because the minimum amount due per month on the 2nd mortgage was very affordable and would let him fix his abode.

Still, due to the cost of the repairs and materials, he did most of the work himself. I would come over to help him with heavy things or to hang drywall occasionally. One day I came over and he was noticeably upset. I ask him what was wrong, and he told me this:

(paraphrasing) ” I just found out that if I make the minimum payment on my second mortgage, I will pay twice as much across twenty years. I can’t afford to make much more than the minimum payment between other bills, my first mortgage, and student debt. I’m f**king screwed for twenty years. I looked into my other debts and it’s the same thing. I make $100,000 a year, but I can’t save anything because of all of my bills. How can I raise a family without sinking further into the hole?”

He had been lured into the minimum payment trap for the past decade of his adult life. He’s an opportunist. He saw every loan with a minimum payment as an opportunity to buy things he didn’t necessarily need… like the boat he purchased a few years ago. He doesn’t get to spend much time on it. It costs him a few hundred a month and it will continue to do so for years to come.

How do I beat Minimum payments?

The best way to get a head of minimum payments is to not take out loans in the first place. Save your money, then make a purchase. Not the other way around.

What if I already have Minimum payments to make?

Don’t make the minimum payment, even if you can only pay 5% more it will save you in the long run. If you can afford to pay more upfront on the loan, do so. If you can afford to make higher monthly payments, absolutely do so.

What if I have no other options, I need to take out a loan?

Same advice as above, try to put as much down up front as you can. Always pay more than the minimum payment due. Make sure to review the loan terms with scrutiny, some loans have terms that change after five years.

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Read my latest book!

How to Meditate when you don’t have the time to

About a decade ago I started to learn about Meditation and Mindfulness. In that time, I have learned so much about myself and the world around me through the benefits of meditation. I’m almost done with a brief ‘How to’ guide that will teach you various Buddhist and Hindu Meditation and Mindfulness techniques. I don’t have a title yet, but I will soon. I am so excited to share my domain knowledge on Meditation with others, that I have to post this excerpt from my book here.

This excerpts from this part of the book are dedicated to all of the hard working people who don’t have time to perform more traditional meditation. Using these techniques, you can still get some of the benefits associated with traditional Mindfulness and Meditation such as increased focus and less stress. With busy 40-60 hour work weeks, these techniques will fit into your schedule easily.

Walking meditation – by far my favourite

The best exercise for all age groups is to walk out in the open. Walking helps the blood to circulate throughout the body and revitalizes you. Early morning or evenings are ideal times to go for a walk. While walking instead of thinking unwanted thoughts, be mindful of your steps and how your legs move one after the other. Think about the rhythm you’ve set to walk. This will help you to be focused.

Start walking meditation by staying still in one place. Be aware of your body weight being transferred to your legs. Think about the soles of your feet and how they’re carrying your weight. Start to walk. Focus on your feet and feel all the sensations as your feet move. Be conscious of how your toes are touching each other and how your socks are keeping them all together. Move up to focus on your ankles and then your calf muscles, knees, thighs and hips. There is no need for you to soak in any feelings. Simply observe them dispassionately.

Breathing exercises

Breath is life; yet we don’t give importance to it. All of us do shallow breathing and land up with several ailments. Deep breathing can help you to resolve half the illnesses. Relax your shoulders and place one hand on your chest and the other on your belly. Inhale deeply and count from 1 to 5. Hold your breath for a second and then exhale. Repeat this for five to ten minutes. This will help to calm the mind and keep you relaxed. It’ll wipe out all negative thoughts and your mind will be fresh to think positive. You can perform this while travelling to work, at office during lunch time and at home. There is no specific time or place to perform deep breathing exercises.

Tea meditation

Getting up early in the morning before sunrise and looking out of your window is a wonderful practice. The first thing that comes to mind on waking up is to drink a hot cup of tea. This humble beverage rejuvenates and keeps you cheerful throughout the day. In case you don’t have time to exercise, meditate or perform yoga take to tea meditation. 

Add a spoon of tea leaves to boiling water and see the color turn golden brown. This increases your thirst to savor it. Add a couple of holy basil leaves (optional) and cardamom to it and feel the aroma wafting all around your kitchen. You can also add a small piece of crushed ginger (optional) to the tea. Strain the liquid once it is boiled.

PS – Following my blog gives you a chance to be put into a lottery to receive a free copy of my book!

-> Checkout my post on how to make an extra $30 a day, so you can make more time to meditate!

Save money and time by batch cooking!

How much time do you spend per week cooking? How much of your life passes you by while you wait in line at McDonald’s for your ‘fast food’? How much money do you spend per week eating out? If you want to learn how to save money and time on food… batch cooking may be the answer. I’ve been batch cooking or doing some form of meal prep for the entire week ever since I was in college. Batch cooking has helped me tremendously and still continues to be a lifesaver for my health, my time, and my wallet. Supplies and recipes at the bottom.

Batch cooking is preparing most or all of your meals and snacks for the entire week or month on 1 day out of the week. What works with your schedule and storage capacity. If you have a large family, you’re probably already familiar with some level of batch cooking. That doesn’t mean you can’t expand or that batch cooking is useless if you live alone or with your partner.

You can either prepare a whole meal… or you can prepare all the components of one meal to keep things fresh throughout the week.

Nutrition Stripped recommends cooking foods dry and adding sauces, dressings, or seasonings later to avoid making them soggy.
from: nutrition stripped


  • Saves you time from cooking throughout the week or month.
  • Your in control of what your eating, so you can eat healthier.
  • Buying and cooking in bulk will save money as ingredients are cheaper in bulk.


I can’t recommend the plastic containers enough if your just starting out, they’re really affordable. I have glass ones I use now. I’ll post some good

3 Great Batch Cook Recipes:

1. Stew a vegetarian chili that feeds a table of six with just five ingredients.

2. Slow-cook Bolognese sauce over pasta or zoodles

3. chicken fajita casserole

5 Easy Ways to Save Money and Eat Healthier!

  1. Stop buying microwave food! The prices are astronomical. With the same money you could make not only more, healthier, meals at home.
  2. Do not buy more food than you can use or store. Throwing away food gone bade food is the same as throwing away money.
  3. Use a slow cooker for easy, cheap, and healthy meals. Cook steamed vegetables, baked beans, pulled pork, roast beef and more. You will have lunches and meals for the week with one cook.
  4. Stop buying bottled water: Use a glass or plastic bottle that can be reused. Not only will you contribute to the planet, you will also stop spending money unnecessarily. As a bonus, lots of water fountains now have spaces to refill bottles just like this so you don’t have to awkwardly try to fill your bottle.
  5. Take your lunch to work: You’ll stop spending half of your budget for lunch if you start cooking it. And to point #4, make sure to get good quality reusable containers you can wash at home.



Goal Achieved: $20 in one Day Passive Income!

Last April I posted $3 a day income goal. This was a huge milestone for me as through various passive income I paid my initial blogging setup costs back in one month’s time. This doesn’t account for my book’s income- just affiliate marketing.

This went well for the next month, and the month after that, and so on fairly steady some passive dollars came my way. SURPLUS! I bought another website domain for another project, And then another web- then I got caught up with work- and I stopped contributing to my blog and all of my passive income projects. Doing so has made me realize how important it is to share as much as I can about what I’m learning in regards to what works and what doesn’t with affiliate marketing… so I’m trying to figure out the ins and outs of it all- which I’ll share on this blog.

Fast forward to the past few months- I’m nearing completion on a those personal projects and getting back into this passive income blogging experiment. I never thought I would make back by $100 WordPress investment. Since then, I have built a bunch of different sites using ASP.NET and react and have learned a lot which I plan to share in post in the future. I’ve also moved most of my new work to Azure- which has been awesome.

In getting back in the habit of posting content I noticed an interesting trend. The week following my break from posting articles my passive income quickly returned to $2 a day. I’ve since posted several more articles which have gotten a lot of visibility through search engines and other websites and now I’ve hit $10 and $20 dollar days via blogging!

I’m not going to pop open the champagne yet though- my next goal is to get $10 (and then $20) a day consistently. And then to try and peak at $50 a day.

This is only income from my Amazon Affiliate links.

Please Like/Share/Subscribe if you like this content! Let me know in the comments what you think- have an awesome day!