Introducing The BTG Basics Series!

October 20th, 2008 BTG Posted in BTG Basics, Site Updates No Comments »

Yesterday while perusing Facebook, I found that one of my friends was particularly anguished.

Here’s why:

on the bus - there was a poor family - a mother, father, the mother’s pimp, and two kids, a girl aged about 7, and a boy of about 5 or 6. the mother continually called her daughter a “dumb b****” and pulled her hair, while the girl yelled and swore at her parents. then the supposed “father” started banging his head on the window of the bus, so hard that everyone on the bus heard.

i had to get off the bus

No kidding :/

Her story really had an impact on me, first because of the horror it evokes, second because it made me re-consider everything I’m trying to acheive with this website. These people are part of BTG’s target market: the poor, the desperate, the forgotten, poor underclass of society.

This is the group of people BTG was founded to help, and to help help themselves. But are they listening? Or forget listening, can they even hear me, what with it being so expensive to use the internet in Canada?

And if they are able and willing to listen, what should I say to them? What knowledge can I pass along that would make a difference in their lives?

And what would they say back to me?

I think the answer to the last two questions is the same: I think they would tell me, and that I should, BRING IT BACK TO BASICS, tell people they need to know financially to survive, to live, and then to thrive.

With this in mind, it is my pleasure to introduce the BTG Basics Series:

BTG Basics will be a series of articles detailing the fundamental financial rights, financial education and financial products that you need to know about to survive in this world.

The first BTG Basics article will be posted later tonight, with further articles in the series happening at least once per week.

So let’s bring it back to basics, guys. Let’s start at the beginning, together, and work our way up from there.

AddThis Social Bookmark Button

Thank You, BTG Readers!

October 12th, 2008 BTG Posted in Site Updates No Comments »

I just wanted to write a brief post thanking all of you  for sticking by me and BTGNow.net this week.

I had to keep pushing back the deadlines for the BTG Explains: What Is The Credit Crisis articles due to schoolwork and illness, and I really appreciate all my readers and subscribers for understanding. This will not happen again.

All the credit crisis articles are done, so there will be no delay in posting part 3 (the crunch) on the 13th, and part 4 (the crisis) on the 14th.

Thanks again!

-BTG

AddThis Social Bookmark Button

Why I Started BTG: Part 1- Helping People

September 17th, 2008 BTG Posted in Site Updates 3 Comments »

Part 1 - Helping People - Part 2 - What College Has Taught Me - Part 3 - Money

If you are looking for more information about BTG’s founder, statement of core values, and our use of green web hosting, please read the About BTG page!

But I’m here to answer, in detail, a specific question: Why did I start Bridging The Gaap? There are four reasons, listed in order of importance:

1) To help people
2) To compliment my education
3) To give prospective employers/ clients incite into my competencies
4) Money

1) BTG Was Created To Help People
BTG and I have a goal: to raise the standard of living of every person on the planet. It’s a slow goal, but it’s off to a good startI see this goal being achieved via education. Though relatively protected by my youth and my country’s regulatory laws, the credit crisis/savings fiasco in the United States has impacted me deeply, fundamentally. This was the first time I had lived through a period of economic turmoil that I was old enough to be aware of.

And what I became aware of, I didn’t like. It is a gross oversimplification to say our current economic woes are due to ordinary people, either coerced or tricked into making an extraordinarily bad decision, but I saw each individual sub-prime loan as the first step in a chain reaction that would rock the global economy.

So why not stop the chain reaction before it starts? I believe that financially literate consumers will in most cases be able to recognize when they are being taken advantage of financially, and reject such products or services (or at least understand the importance of discussing such things with an expert).

No demand, no market. No market for subprime loans, no subprime crisis.

I firmly believe that lack of education was at the root of this crisis, as it is in many more, and I believe that if people are not given access to free high quality education and resources in this field, then it will have devastating economic consequences, for a country, and for the world.

That’s when I started thinking about creating BTG, which would find and, if necessary, create those financial education resources. What really got me moving was this experience: someone on Yahoo Answers once asked the following: “Where can I hide my money so my mom won’t find it?”

Nobody said “The Bank”. So I did. And why.

I began work the next day…

BTG has also been inexorably linked to my college experience however. Let’s find out how in Part 2!

Part 1 - Helping People - Part 2 - What College Has Taught Me - Part 3 - Money

AddThis Social Bookmark Button

Why I Started BTG: Part 2 - What College Has Taught Me

September 17th, 2008 BTG Posted in Site Updates 1 Comment »

Part 1 - Helping People - Part 2 - What College Has Taught Me - Part 3 - Money

2) BTG as compliment to my education.
I love my university. I love my studies, I love my books, I love the people and the environment.

But at the end of the day, every single person sitting in the room with you will know exactly what you know, which is exactly what every other student in every other school will know: everyone is learning the exact same thing.

Students are, in this sense, no different from one another, and thus unable to compete with one another. And I knew that though my grades were high, there would always be someone whose grades were HIGHER, and that that simple fact would be enough to keep me, perpetually, in second place.

Finance is a competitive field, and there is no second place for top spots. I decided I needed a competitive advantage, and that competitive advantage would be knowledge. I would simply have to know more.

So I began reading, and watching, and listening to everything I could find. I started at my school’s library, and by snooping around for talks and presentations and extra certifications my school made available to its students. My personal and professional growth has been explosive: in the four and a half months since I started BTG, I have learned more about certain areas of my field than I had in a year of formal schooling. Much, much more.

My advice to new college students is this: study hard, you need to know your core material. You must know what everyone else knows, or else you might as well not even be in the race. But college/university is what you make of it, the core curriculum is only there to make sure you get the needed basic information to function in your role. To be exemplary, personally and academically, you have to seek out the opportunities that the university can offer. If these are unsatisfactory or insufficient, create your own opportunities. For me, this also lead to the creation of BTG.  

3) BTG As Proof Of My Competencies

I’d like this part to serve as a warning and a hope to new college/university students: grades are important, but so is your integrity. You’ll see why in a minute. Upon realizing that I and my fellow students were all learning the same thing, and therefore were unable to compete against one another, I realized that the school would have to have some way of distinguishing our individual competencies.

Enter the GPA.

And the cheating.

I genuinely believe that my university is doing their best to prevent cheating, and to catch and discipline those who do.

I’m not naïve enough to think nobody cheats (though naïve enough not to be aware of the creativity in such endeavours), but I was still shocked one day when, in a study group, someone asked how they were supposed to learn this stupid formula by tomorrow, it was like, soooo long.

I told her to write it out 100 times. Someone else said she should write it on the back of the bathroom door.

I was appalled.

Though I consider cheating when you have a fair chance of “winning” a cowardly, lazy act, what abhorred me was actually the selfishness inherent to the act. I hope the selfishness on the part of the cheaters is simply because of their ignorance of how their cheating affectes their fellow students, rather than their apathy.

It has to do with the bell curve.

It’s a way of evening out the grade distribution. Basically it means that I can have my actual deserved grade raised or lowered based upon the strength and number of the group. Most teachers use this grading scheme, great teachers do not.

This is because great teachers know that, in addition to actually giving students the marks they deserve, for some students it can mean the difference between one grade or another, and to me it may have been the difference between a 3.43 GPA and a needed 3.5. I still feel to this day that I was rejected from an incredibly elite portfolio management opportunityd ue to my inability to obtain a that extra 0.07th of a point (because there is SUCH a distinction between a 3.43 and a 3.5). I don’t blame the system for this rejection: for this I stick the blame squarely on myself: too much video gaming and not enough studying.

But when I began to think about it, how much of that 0.07th of a point that I was missing could be attributed to someone who snuck the answers in under their t-shirt?

For me it just meant I no longer had access to an extra (though lucrative) opportunity, but for some it can mean the difference between passing or failing (and having to pay again to take a course), between academic glory or probation, between keeping and losing a scholarship.

All this because some knuckle dragger couldn’t be bothered to spend ten minutes memorizing a formula, and because we have a system that seeks to smooth out a distribution. It’s a quietly disastrous combination.

I now reject the GPA as a means of determining competence. I spent some time being disillusioned, and then took action.

Employers and prospective clients would need some way of objectively determining my competence in my field, something that as more objective and more informative than the easily influenced GPA. Why not then simply show them the scope of my knowledge, with BTG acting as a virtual CV and database of my competence?

Of course, the reason I want employers and clients to know my competencies is because I want them to have confidence when they hire me; I want them to know in advance exactly what they will get. This is, of course, because I want them to hire me, which brings us to the fourth reason why I started BTG, MONEY. Let’s find out more in Part 3!

Part 1 - Helping People - Part 2 - What College Has Taught Me - Part 3 - Money

AddThis Social Bookmark Button

Why I Started BTG: Part 3 - Money

September 17th, 2008 BTG Posted in Site Updates 3 Comments »

Part 1 - Helping People - Part 2 - What College Has Taught Me - Part 3 - Money

4) Money: BTG As A Business

BTG is a business: I provide a service and take in advertising revenue.
Though I put far more emphasis on BTG as a way to help people, and as a way to advertise my competencies in my field, I also saw BTG as a way to make a little money. Emphasis on the “little” part, though this is I believe simply due to BTG’s relative youth and thus low traffic levels. Every day, it gets a little bit better.

I knew I wouldn’t be rolling in cash at the start, but I also knew that eventually, if I worked hard enough at the right things, BTGNow.net could be a viable source of some relatively passive income. Even if I made $5 a day, as FrugalDad suggests in a post, it’s still $150 a month, or a cool $1800 a year.

$1800 a year, for 10 years at 10% is just over $30,000. Not a bad addition to a retirement nest egg!

I believe this blog could, one day, be sustainable without much maintenance, and could, over the period of a number of years, provide a very nice passive income stream relative to the amount of work it will take to maintain it. Heck, maybe one day I’ll sell it. Or incorporate it into a financial empire. Who knows? The possibilities are numerous, and I’m having fun along the way.

In addition to the idea of cold hard cash compounding for several yearsthe knowledge I have obtained working on such a project, alone and with no capital, has taught me invaluable entrepreneurial lessons. It has forced me to be creative and resourceful in ways that I hadn’t even thought myself capable of! Such skills, and the confidence and sense of self - worth that ot breeds, will, I am certain, be used to make even more money for myself and my clients over the years.

Questions? Comments? Drop us a line or leave a comment below!

Part 1 - Helping People - Part 2 - What College Has Taught Me - Part 3 - Money

AddThis Social Bookmark Button

BTG Back Online!

July 30th, 2008 BTG Posted in Site Updates No Comments »

Well that was a fun couple of days. I’m not sure exactly what went wrong, but in the course of updating the layout, the whole site became FUBARed.

I think it’s kind of a blessing in disguise really, as I ended up adding features and upgrades that I wouldn’t have considered before the catastrophic failure (I guess I figured it couldn’t be worse!).

BTG is back at about 70% right now, the only things left to fix include some links that need to be chained together and there’s a few weird layout things I have to deal with. We’ll be back at 100% in no time!

AddThis Social Bookmark Button