Archive for June 5th, 2006

Thinking About Money

Monday, June 5th, 2006

I’ve been thinking about money.

Odd isn’t it that we in the technology field have so much to say on everything from technology to politics, but hardly ever talk about money? (at least our own – we’ll talk about a company’s money, especially when they are stupidly losing it).

For all that we tend to make a good living, it’s amazing how many of my friends find themselves struggling financially to various degrees. Is it possible that we’re so busy struggling to keep up with the newest .NET framework features or server technology that we never bother to learn about finance beyond the clich’s (set aside money for retirement, diversify through mutual funds, etc)?

I’ve always been one of the few authors and speakers who has incorporated economics and psychology into my work. I’ve long advocated the blasphemous idea that you should choose a technology based not on what’s new or cool, but based on what is the best economic choice. And we all know (though we don’t necessarily admit it) that many technological choices are actually emotional rather than rational (the pseudo conflict between VB .NET and C# being a classic example).

Anyway, it seems to me that since most people reading this are highly paid professionals, all of us (at least those who’ve been in the business for a couple of decades) should be pretty well off – possibly ready to retire. And I’m quite sure those who are newer to the profession would very much like to be pretty well off within a couple of decades (or sooner, preferably much sooner). But I also know that for most of us it doesn’t work out quite the way we hope. And that got me thinking. Thinking about money.

So I am about to “fork” this blog. I’ve decided that right now, along with continuing the semi-futile fight to stay up to date with the newest technology, I’m going to spend some time learning about money. I know a fair amount, but there’s a lot I don’t know, and I don’t trust any of those financial/investment web sites and books that claim to know “THE SECRET” to instant wealth (or even long term wealth). Instead, I’m going to study the topic, with the same focus that I’ve been known to apply to technological topics.

And I’m inviting you to come along for the ride. The best way to learn something is to teach it, so I’m going to write about the things I learn on a new site www.ThinkingAboutMoney.com. I invite you to join me for the ride.