Home » Archives for The Admiral Staff » Page 195
May 1, 2023
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The Admiral Staff
The article explores the possibility of renting out your clothes to strangers for extra income, building on the trend of renting out other possessions like backyards and closet space. It highlights several websites facilitating this, including SnapGoods, DressVault (now defunct), Zilok, Loanables, RentNotBuy, and iRent2u, outlining their features, fees, and protections for owners. The article emphasizes the importance of safeguards like contracts and deposits to protect against potential losses.
April 29, 2023
By
The Admiral Staff
A wedding guest, having given a cash gift of £100, received a follow-up email from the couple requesting an “adjustment” to their contribution, seemingly referencing the guest’s recent inheritance. The guest, feeling pressured and insulted, responded with a simple question, “I assume this was some sort of mistake?” The incident highlights the increasing trend of cash-requesting weddings and the awkwardness surrounding money discussions, while emphasizing the importance of gratitude and avoiding blatant greed.
April 26, 2023
By
The Admiral Staff
In 1993, 8-year-old Abbey Fleck invented “Makin’ Bacon,” a microwave bacon cooker that gained widespread popularity and led to a deal with Walmart, making her a multimillionaire. The story highlights three key business lessons: solve a problem (in this case, healthier bacon cooking), don’t dismiss seemingly silly ideas, and be persistent with marketing, even after facing rejection. Abbey’s family’s aggressive marketing, including a partnership with Armour and media
April 20, 2023
By
The Admiral Staff
A recent article challenges the common advice to have a specific multiple of your salary saved for retirement by a certain age, citing Fidelity’s chart which suggests having 10 times your salary saved by age 67. The author conducted a poll among colleagues and found most didn’t meet these recommendations, arguing that such charts rely on unrealistic assumptions like retiring at 67 and living to 92, and require a 15% savings rate—difficult for many given rising housing costs and
April 19, 2023
By
The Admiral Staff
The article explores unconventional strategies for successful salary negotiation, backed by psychological research. It suggests starting with a humorous, high salary request to set an anchor, encouraging employers to talk about themselves to create rapport, sharing relatable personal details to build trust, and even employing subtle flirtation (for women). Other tips include the benefits of coffee, adopting a confident “Wonder Woman” pose, and introducing controlled emotional unpredictability. When direct salary discussion is uncomfortable, the article recommends negotiating for valuable benefits or seeking employment with
