Steadfast FinancesBest Reads of the Week: Too Many Social Media Choices Edition - Steadfast Finances

Best Reads of the Week: Too Many Social Media Choices Edition

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I fully admit I’m not the smartest guy in the world, but I’m of the opinion that there are far too many ways to tell people to follow you, tell people to read your stuff, or cutesy little buttons to tell people they should read what you just read.

Of course, I’m talking about the addition of Google Buzz to the social media battlefield.

I realize that every major league, and even those still waiting for their shot in the minors, want to promote their own social media apps keep you hanging out on their virtual real estate, but geez, I’m beginning to feel anxiety because I’ve got 1000+ unread things to skim through everyday.

So I ask you… do we really need 20 different sites to say read me, follow me, or show me love? If so, which ones do you suggest that we focus upon?

Best Reads of the Week

The Financial BrandKansas credit union says ‘We’re not Wall Street’.

In one of the most brilliant marketing moves I’ve seen in years, the Credit Union of Johnson County, Kansas, renamed itself Mainstreet Credit Union. I’ve been rambling on for over a year why haven’t credit unions promoted an Anti-Too Big To Fail advertising campaign to attract outraged taxpayers, and I’m glad a few have stepped up and aggressively adopted this tactic. If lower mortgage rates, better business ethics, and higher saving rates doesn’t work, then perhaps anger and outrage is the next best thing to common sense.

The Business InsiderDespite All The Hate, American Dollars Are Used Worldwide More Than Ever.

I really liked this common sense post in that it’s a solid reminder that all those USD haters out there left out this little tidbit of information while they were bashing King Dollar, but adding to their long positions in gold. Got to be wary of who and where you’re taking your information from.

Cash Money Life - 5 Reasons Your Press Release Sucks.

Lots of good advice for you PR folks who have been sending me dozens of crappy press releases over the last few weeks. Don’t get me wrong, some of them are very well written and got a reply from me, but most were long, boring, and didn’t really hold my attention more than 10 seconds. One of them even had a nice typo so take that as a sign you might need to up your game and/or read Patrick’s advice.

UK TelegraphMillionaire gives away fortune which made him miserable.

I’m a big believer in the things that you own end up owning you, so if you’re unhappy because you’re forced to do crappy things you don’t enjoy just so you can own material possessions, just sell them (or give them away) and stop working so hard. Life is too short to spend it doing crap you hate anyways. Find something you love to do and monetize it!

Darwin’s Finance10 Highest Paying Degrees 2010.

Further proof that it pays to get A’s in science and math class considering that engineering and hardcore science still sit at the top of the earning pyramid. Instead of chasing various degrees that have a boom-bust cyclical nature to them, sticking to the industries that still make things in this country (energy, pharmaceuticals, things that go boom) pay off very well after completing your degree.


I participated in just one carnival last week at the Carnival of Debt Reduction.

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Posted by CJ   @   14 February 2010 6 comments
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Feb 14, 2010
10:15 pm
#1 Eric J :

I tend to think that there are way to many social media buttons that can be placed on a given site. I think that some are very necessary in getting a broader following to a particular site. I recently installed the Google buzz button on my site and have been having a time positioning it just right (smile). I would say that Twitter, Google and Facebook are an ABSOLUTE MUST for a website. Thoughts anyone?

Feb 15, 2010
10:40 am
#2 Patrick :

There are too many social media sites out there for my tastes… I’m learning how to scale back and eliminate most of them to make things easier on myself (too much noise!).

Thanks for highlighting the press release article I wrote. What I have found works best for me is to delete anything that isn’t addressed to me. My name is in the first sentence of my contact page, so there is no reason why someone can’t take 2 seconds to type it. Eliminating those press releases saves me an untold amount of time each week. :)

Feb 15, 2010
10:28 pm

I’m with you — Google Buzz hit the scene when I’m already at the saturation level. I’ve got my RSS feeds in Google reader to stay current on blogs, Twitter, Facebook and of course clunky old email. Right now, it’s more than enough.

Feb 15, 2010
10:42 pm
#4 Matt SF :

Yeah, I’m thinking the same thing. I was cruising for a WordPress plugin that had all the social media buttons in one, but after I looked at the results, it really didn’t look all that impressive. Even the really good sites/blogs owned by WP developers looked a little busy and noisy for my tastes.

The thing is, too much choice causes paralysis and indecision (so psychologists say), so I’m curious if all the noise is hurting more than helping.

So I’m guessing I might have to go with your 3 selections, and maybe a few more that are finance specific.

Feb 15, 2010
10:47 pm
#5 Matt SF :

No problem Patrick. Using my name in the opening is usually the first thing I look at. If I detect I’ve been email blasted using the “Bcc method” or it’s your standard Copy & Paste press release, it’s almost always going to trash unless it’s a service I really like.

Before getting on WiseBreads Top 100 list, I might have gotten 2 per month. Now it’s getting increasingly worse, so from the optimists point of view, getting more PR email is a good thing.

Feb 15, 2010
10:52 pm
#6 Matt SF :

I think you summed up my feelings well Maria. It’s just simply too much.

I’m sure Google has a strategy in place to attract new, or keep more existing Gmail users on their real estate with Google Buzz, but I’m not sure how many bloggers will push it considering the popularity and user loyalty has been built up with Twitter and Facebook already. First to market is usually a big positive in the business world.

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