When I Moved to Phoenix and How I live in Phoenix

geoff snyder model citizen phoenixWhen I moved to Phoenix, I drove from Naples, Florida with only some clothes, my book collection, and a laptop. I only ate almonds, subway sandwiches, and drank vitamin water during the trip.

Once I settled in with my parents at the age of 33, the first time living with them for over 15+ years, I decided to move forward with the bare essentials; minimalist lifestyle, per se.

The first contracts as an Independent Contractor I was rewarded with were ADOT (Arizona Department of Transportation), Lowes, and Limited Brands. I provided onsite technical hardware and software support for ADOT, and was a Project Lead for the latter two during store upgrades which consisted of complete infrastructure overhauls – down to the very last faceplate screw.

During the above time, Read more

Passive Promotion

Geoff Snyder is Intoxicated by Possibility

Geoff Snyder is Intoxicated by Possibility

I hope the following passive promotion below gives you insight into my drive, passion, and desire to find the next adventure. The world is full of happenstance and maybe I’m a person that can help you or maybe you are a person that can help me. Let’s see what we can do together for the world.

I’m a guy who once spent 5 years as a recording industry executive (only because of sales under my watch for our market that had increased by a mere %10,300+ percent across 6 months and sustained a 93% retention rate for the 4 years in a market established across 20 years), from the school of Hard Knocks.

I’m a guy who somehow followed a technical ‘passion’ and opened a small, multi-office IT consulting firm (which cost me less than $100 to start) on a tropical island that focused on servicing healthcare, legal, and financial verticals and burned it down to the ground because I grew too big, too fast.

If any of the above is of any interest to you, I might be a guy you’d like to connect with.

With that said, my current professional pivot consists of the following: 9AM-5PM Monday thru Friday, 75% of my eggs are in a Technology Read more

Business Startup Wealth Building

startup wealth“Your largest wealth-building asset is your income. When you tie up your income, you lose.” ~ Dave Ramsey

Does it take money to make money?

Income represents money you can invest to make more money. If you tie up all your future income, you will always be living in the past. As Dave Ramsey tells his listeners every week, you cannot jump at an opportunity without the necessary cash on hand.

Planning ahead for financial “curveballs”

Entrepreneurs need to plan ahead for business expenses – and planning ahead includes collecting the funds you need to start your business. Some people do this with credit cards (not a fan at all, but I’ll touch on that later), which can be useful IF you keep your debt to a manageable level. Risks arise as you go overboard buying things you don’t need.

Your Business Plan Lays Down the Groundwork

Your business plan can help you keep track of the financing amount you need and provide you with a blueprint for the necessary purchases you need to make before launching your startup. If you are starting a business that requires an inventory, your start-up capital needs to be greater than if you are starting a service based business where you will make money from your labor.

Stay Liquid

Successful entrepreneurs also know the value of keeping cash at hand to take advantage of unexpected opportunities. And they know the importance of saving time for the future, by not paying for the past.

Do you have any business startup stories to share about financial tips and tricks?

The 80/20 Principle

80/20 principle“The best people are always underpaid and the worst people overpaid.” – Richard Koch

Over the years, I’ve found that many people settle for being mediocre at their jobs. According to Richard Koch, author of The 80/20 Principle, mediocrity is rampant. The 80/20 principle is based on statistical analysis that you can measure anything and find that 80 percent of the results are produced by 20 percent of the effort.

Take a look at your current workplace and observe who is or isn’t pulling their weight. If 80 percent of the work is being done by 20 percent of the people, what can you do about it? If you are one of the 20 percent, chances are you are being underpaid. If this is the case, learn as much as possible in your job and start looking to move on. If you aren’t enjoying job enough to provide the company with real value, chances are you are in the nonproductive, unhappy part of the 80/20 equation. In this case, it might also make sense to look elsewhere for work.

Many of us are currently in a very interesting situation. As with any economic cycle, there are upsides and downsides. Currently, most employees are feeling very disengaged at their current workplace. This is why we are going to see a lot of job shifting take place, as well as new entrepreneurial ventures begin. Employers and their management will begin to grow more and more frustrated and will start to ask “why can’t we keep any good help?” – realizing they no longer have the upper hand in today’s job market.

Apply the 80/20 principle to your workforce if you are a business owner. Determine who are the 20 percent “rockstar employees” and compensate them by giving out bonuses for productivity. Productive employees will feel grateful that their performance is acknowledged. If you don’t, someone else will. Next, weed through the 80 percent that are overpaid and don’t pull their weight. The entire value of your business will grow exponentially.

Income vs. Wealth

income wealth“The average American millionaire realizes significantly less than 10 percent of his net worth in annual income.” – Thomas J. Stanley, William D. Danko

I’ve come to terms that most people think that once you become a millionaire, all your worries will be over.

Until I had the privilege to work with some of the wealthiest professionals in the country, I too used to think the exact same thing. It wasn’t until after sitting down with and having talks over coffee about what it means to have a sense of financial freedom that I realized it’s not about how much income someone has come in, it’s about having the wisdom to handle it. With that said, it reminds me of a talk from Randy Haugen where he said: “If you can’t manage your finances with 40k a year coming in, then you are going to be flat out dangerous if/when you have a million!”

Stanley and Danko, authors of the best selling business classic, The Millionaire Next Door, conducted a twenty-year study of how people become wealthy in America and found some surprising results. Annual income does not translate to net worth automatically. Smart entrepreneurs use their income to give their company the resources it needs to grow. The average millionaire then looks for ways to decrease income, pay lower taxes, and use what money is left over to increase net worth.

A story is related in their book about a Texan who had done so well in the business of rebuilding diesel engines that he was taking on British partners. The Brits flew to Texas to meet him and were rather taken aback by his ten-year-old car, his worn jeans, and his modest home in a lower-middle-class neighborhood. In fact, on meeting him, they thought he was one of the company’s truck drivers. Then he showed them his spreadsheets, and they were blown away!

Besides hard work, accumulating wealth requires discipline and sacrifice, and that might mean living below your means. Keep your eye on the prize and don’t be influenced by keeping up with the Joneses.

Recent Department of Labor Statistics

statisticsOn the last business day of August, the number of job openings in the U.S. was little changed at a series low level of 2.4 million, the U.S. Bureau of Labor Statistics reported today. The hires rate was little changed and remained low at 3.1 percent in August. The total separations rate was little changed and remained low at 3.3 percent. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector by industry and geographic region.

Job Openings

The job openings rate was unchanged in August at a rate of 1.8
percent. The number of job openings has fallen by 2.4 million, or 50
percent, since the most recent peak in June 2007. The job openings
rate was little changed in August in all industries and regions.

Over the 12 months ending in August, the job openings rate (not
seasonally adjusted) decreased for total non-private,
government, the majority of industries, and all four regions. The rate
was little changed in construction; wholesale trade; real estate and
rental and leasing; educational services; and other services.


The hires level was little changed at 4.0 million in August but has
declined by 1.6 million, or 28 percent, since the most recent peak in
July 2006. The hires rate was low in August at 3.1 percent and little
changed from July. The hires rate was little changed in August in all
industries. The hires rate decreased over the month in the West and
was little changed in the remaining regions.

Over the 12 months ending in August, the hires rate (not seasonally
adjusted) declined for total nonfarm, total private, and government.
The hires rate decreased for mining and logging; construction; retail
trade; finance and insurance; educational services; and state and
local government. The hires rate fell over the past 12 months in the
West and was little changed in the remaining regions.


The total separations, or turnover, rate was little changed in August
and remained low at 3.3 percent. The total separations rate (not
seasonally adjusted) decreased over the 12 months ending in August for
total nonfarm and total private. Total separations includes quits
(voluntary separations), layoffs and discharges (involuntary
separations), and other separations (including retirements).

The quits rate can serve as a measure of workers’ willingness or
ability to change jobs. The rate was little changed in August at 1.3
percent. The quits level was 1.7 million in August, which is 45
percent lower than the most recent peak in December 2006.

Over the 12 months ending in August, the quits rate (not seasonally
adjusted) was lower for total nonfarm, total private, government, the
majority of industries, and all four regions. The industries for which
the quits rate was little changed over the year include
transportation, warehousing, and utilities; information; finance and
insurance; real estate and rental and leasing; arts, entertainment and
recreation; and federal government.

The layoffs and discharges component of total separations is
seasonally adjusted at the total nonfarm, total private, and
government levels. The layoffs and discharges level for total nonfarm,
total private, and government was little changed in August at 2.3
million, 2.2 million, and 135,000 respectively. The corresponding
layoffs and discharges rates were 1.8 percent, 2.0 percent, and 0.6
percent. The number of layoffs and discharges in August was 46 percent
higher than the recent low point in January 2006.

The layoffs and discharges rate (not seasonally adjusted) was little
changed over the 12 months ending in August for total nonfarm and
total private and increased for government. The layoffs and discharges
rate rose in mining and logging; construction; nondurable goods
manufacturing; and state and local government. The layoffs and
discharges rate increased in the Midwest and was little changed in the
remaining regions.

The other separations series is not seasonally adjusted. In August,
there were 321,000 other separations for total nonfarm, 263,000 for
total private, and 58,000 for government. Compared to August 2008, the
number of other separations was little changed for total nonfarm,
total private, and government.

The total separations level is influenced by the relative contribution
of its three components—quits, layoffs and discharges, and other
separations. The percentage of total separations at the total nonfarm
level attributable to the individual components has varied over time.
The proportion of separations due to quits declined from 61 percent in
January 2007 to a series low of 38 percent in April 2009. It then rose
slightly and stood at 41 percent in August 2009. The proportion of
layoffs and discharges reached a series high of 55 percent in July
2009 then dropped slightly to 54 percent in August 2009.

Net Change in Employment

Over the 12 months ending in August, hires totaled 50.9 million and
separations totaled 56.1 million, yielding a net employment loss of
5.2 million.