Cheat Sheet Q&A:
Today’s topic: Home alarms systems wired vs. wireless
Today’s entry (it’s short and sweet):
House alarms still need land lines.
Bottom Line: Today’s entry is based on a story we covered earlier in the week regarding home phone usage. 40% of households still have a landline phone. I made the comment that outside of a fax machine (and how many people still use a traditional fax machine from home on a regular basis) there really isn’t a need for a home phone if you have a mobile phone. Some people will stay with it a part of a bundle package with an internet service provider, but it’s still more expensive in every situation I’ve reviewed, than taking the other services on their own. With that as the back drop I received the above comment.
Wired vs. wireless home security is actually a topic I’d been meaning to cover for awhile. This particular comment reminded me to do so. You actually don’t need a phone line to have a home alarm system.
There are currently 13 active home alarm companies active in the US. Every one of them offers wireless options. Some of the companies, including the consensus best security company Frontpoint Security, only offer wireless options. If you’re using a legacy wired home alarm system there are potentially three reasons you might want to review your options.
· Wired systems aren’t as safe
· Some of the top rated security companies don’t do wired systems
· You may be able to save money if you only keep a land line connection for home security
The first is pretty evident. If a burglar were to cut your phone line – your hard wired home security system is rendered helpless to alert authorities in an emergency. The money saving is potentially evident as well (though the savings might be somewhat offset by the addition of the wireless option). Let’s get down to the rankings. There are three prominent home security review sites that post annual reviews of home security systems. Here are links to all three:
You’ll notice that Frontpoint Security wins all three. The leader in home security systems, ADT ranks anywhere from 2 to 7 depending on the review site. You’ll also be able to compare the services and pricing options. In short, so much has changed in home security in the last several years that it’s worth reviewing your options if you are using a legacy system and you may save money in the process.
If you have a topic or question you’d like me to address: firstname.lastname@example.org
Want a raise? A reason to be optimistic:
Bottom Line: That’s one of the dumbest questions you’ll ever be asked. I’ve yet to meet the person who doesn’t want a raise (outside of a business owner that is). There would appear to be more light on the horizon if you would like a raise and/or a more significant one than you’ve seen in recent years.
- Over the past twelve calendar months the average wage growth has been 1.9%
- For 2014 we’re expecting average wage growth of 2.1%
As larger companies are budgeting for 2015 we have a first look at what the average anticipated wage increase will be:
- Thus far a 3% raise is the average budgeted raise
The industry for top wage growth:
- Oil and natural gas professions are set to see average raises of 4%
The industry with the lowest anticipated wage growth:
- Hospital personal are expected to see average increases of 2%
So this demonstrates that you should be inline for better income prospects over the next year. The lowest increase is currently what the average increase has been and the average person should receive a raise that is at least 1% better than what we’ve seen over the past year.
What happens to us when checking our email too frequently?:
Bottom Line: I’ve shared some of the previous email related research of the years… It’s better to set specific times during the day to review your email than progressively viewing it, that you’ll be less productive if you go back and forth from email to other work items, etc. This beats all though…
Checking your email too frequently actually makes you dumber. No kidding. According to research from King’s College at LondonUniversity found:
- The average person loses 10 IQ points while sorting through and responding to email
Really… They tested individuals before email and after and consistently found that people were simply not as intelligent. So if you’re going in and out of email all day you’re truly not as sharp as you truly can be.
A weather app that promises the most accurate forecasting available & get this - accountability:
Bottom Line: I believe this is only the second time I’ve featured a paid app (in part because I don’t want you to impulse buy an app, become unhappy with it and me). That being said this one is only 99 cents and it really is cool if you’re a weather wonk. It’s called Climendo.
Climendo is only currently available for iOS (Apple device) but should be available for Android within the next couple of weeks. So what makes this weather app so special?
The Climendo app averages together weather forecasts from 12 different providers including NOAA, Weather Underground & Dark Sky. This alone should provide a more accurate forecast but that’s the starting point. Based on how much variance there is between all of the services the app will provide a probability about how accurate the forecast you’re looking at actually is. Additionally over time it will keep track of how accurate each of the providers actually is for your area… Wow weather accuracy accountability! Kinda cool. Here’s a direct link to their site: http://climendo.com/
New powerful rule for personal & career development:
Bottom Line: If you’re successful in your professional life you likely adhere to the notion that you’re always heading in one of two directions. If this is you Entrepreneur.com has introduced and interesting concept. It’s the 3% Solution.
Sure there are many ways to continue to progress and become more knowledgeable without spending money but there certainly are ways to enrich yourself using money. Entrepreneur has created a best practice of reinvesting 3% of your gross income in yourself for personal and professional development. That may mean online education courses, workshops, mastermind events, etc.
That’s a pretty interesting notion. You’d clearly need to budget for this expense but after that point you should make it a guilt free consideration for growth. If you invest wisely it should provide a return on your investment & you’ll be doing something that your professional competition likely isn’t doing.
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WJNO Financial Analyst & Co-Host for The Palm Beaches’ Morning Rush
I work every day to keep you ahead of the curve on the crazy state of the economy, business, investments and technology.
My motto: Passion plus talent is unstoppable.
My faith: Don’t worry I don’t use the mic to preach but… I firmly believe that without God in our lives happiness will never be found. I believe that many of our societal failures have resulted from a general willingness to distance ourselves from our founding values while embracing political correctness.
I'm in my 19th year with iHeartMedia and 11th in South Florida. With my father as inspiration, I started investing in the stock market when I was 11 and co-founded a smoothie company at 18. The highlights of my radio career have been serving as a fill-in for Sean Hannity.
I've made my share of mistakes along the way as well. I shape my perspective from success and failure to provide you with a truly objective picture of business and money in your world. Business and investing are passions of mine. Some read Dean Koontz... I read financial reports.