thewh00sel, Jul 29 2013
Biphasic that is!
I'm going to attempt a biphasic sleep cycle to allow me to
A: Play the graveyard shift for poker of 10pm-5am
B: Be awake during the day with my family
C: Sleep less/more efficiently
For those of you who don't know what a biphasic sleep schedule is, there are some variations of it, but basically you sleep twice per 12 hour period for around 3 hours each time. I have just begun my foray into this practice (today will be my 2nd 24 hour cycle of biphasic sleep), but I have to say I am already impressed with how it feels. I'm going to keep a log of how I feel with this sleep schedule until it becomes routine for me. Probably a week or two and then update if I am still using this schedule in the future.
Day 1: 7/27.
After a 14 hour session of poker I arrived home at 5am and had something I had to be awake for at 9am so I set my alarm.
Day 1(b) first attempt: 7/28
Sleep cycle 1: 4hrs
Sleep cycle 2: 1hr45min
Total sleep: 5hr45min
After waking I decided that this was the perfect opportunity to attempt biphasic sleep. So I stayed awake until 5pm at which point I attempted to go back to sleep for 3 hours. My daughter didn't quite let me fall asleep at first, but eventually I fell asleep around 630pm and slept until 815pm. Upon awakening I was a little groggy because I didn't wake naturally but by my family jumping into bed to wake me up. After putting Allison to sleep I headed to work and started my session at 10pm. I played until 5am and felt great the whole time.
Day 3 7/29
Cycle 1: 3hrs50min
Cycle 2 (projected): 2hrs30min
Total sleep (projected): 6hr20min
When I got home at 530am I went to sleep until 920am. I awoke a little groggier than I was expecting, and laid in bed until 10am until finally getting up for breakfast. Now at 1pm though I feel great, and am going to try to go back to sleep from 6pm-9pm tonight.
-Have an average sleep per 24 hour cycle of right around 6 hours.
-Not be cranky
-Crush people at the pokers
-Feel awesome and productive
WSOP 5k action
thewh00sel, May 28 2013
Selling some action in the 5k wsop tomorrow @ 1.2. 5% for 300, selling up to 40%. PM me if interested. Can accept cash in Vegas or PayPal or Bitcoin.
Edit: 37% sold 3% still available
thewh00sel, Apr 09 2013
Every day seems to melt into the next. A seamless transition from session to session. A classic time lapse scene plays in my mind as I recall the past few months; my body sits at the table while I watch from above, my opponents are nothing but a blur of faces.
A force is at work that I haven't felt in some time; not confidence, as I always strive to be confident...something else...something that takes confidence and amplifies it into an aura. A drive to wake each day light as a feather, ready to take out the Incredible Hulk if he happens across your path. There is no grogginess, there is no effort in the daily routine. There is only momentum.
Now I haven't gone on an epic run in the past few months, but things have been working out both on and off the felt. I am stringing wins together and feel very sharp at the tables. As far as results go, I've played 500 hours of cash and 50 hours of tournaments year to date. I can't really explain the effortlessness that comes with momentum but these months have flown by despite a losing January.
As for life off the felt, things couldn't be better. I feel very confident with the direction that I am heading in my investments outside of poker, and the family has never felt stronger.
My opinion on the world economy as a whole has turned fairly pessimistic since my last investment-related post. I haven't sold any of my stocks, but all new money that I have put toward investment has gone straight into defensive, wealth preserving vehicles. Might talk more about it in a future post. I've also been speculating in bitcoin a bit since its recent run up. Can't leave that out in a blog about momentum!
Donate to Students!
thewh00sel, Feb 21 2013
I know that a lot of you guys often want to donate to charity, but it's hard to be sure where the money goes. Well, if you want to donate to some Kindergarten students that will receive what is advertised, here is a link to do so: http://www.donorschoose.org/project/fun-with-math/966767/#materialsList
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Fun With Math
Mrs. Parmann's supplies project at Somerset Academy - Oakey Campus in Las Vegas, NV
My Students: Do you remember sitting at your desk doing math problems from a text book? Kindergarten students need to be up out of their seats and engaged in math practice that feels more like a game than school work.
I have 47 wonderful Kindergarten students who are very passionate about their learning. They attend a charter school with wonderful parent and community involvement. My students work hard but need more hands on math activities to get them more excited about practicing math without a pencil.
My Project: Kindergarten students learn best with hands on experience and interacting with their fellow classmates. My students actively engage in reading centers and they are ready to start independently practicing in math centers. My students will be able to practice their math skills through fun games where they will not even realize that they are practicing skills they need to master before moving on to the next grade level.
Having fun math games will allow students to actively participate in Kindergarten math skills. Students will be able to use these math games to build mastery without it feeling like classwork. Not only will these games better their understanding for math, but they will build social, good sportsmanship, and team work skills. « hide
My students need math games, including peg number boards, a math lab on CD-ROM, folder games libraries and more, for fun and engaging math practice!
materials vendor price # total
HH965X - Pop & Add Games - Complete Set Lakeshore Learning $79.99 1 $79.99
LL707 - Match-The-Number Counting Chart Lakeshore Learning $29.95 1 $29.95
TT625 - Peg Number Boards Lakeshore Learning $34.99 1 $34.99
HH966 - Pop & Add to 12 Game Lakeshore Learning $24.99 1 $24.99
HH462 - Beginning Operations Folder Game Library Lakeshore Learning $34.99 1 $34.99
JJ395 - Subtraction Bingo Lakeshore Learning $9.99 1 $9.99
JJ394 - Addition Bingo Lakeshore Learning $9.99 1 $9.99
GG845 - Place Value Extra Student Pack Lakeshore Learning $4.99 1 $4.99
PP876C - Place Value Hands-On Interactive Math Lab CD-ROM Lakeshore Learning $99.50 1 $99.50
HH460X - Early Math Folder Game Libraries - Pre-K-Gr. 1 - Complete Set Lakeshore Learning $129.00 1 $129.00
Vendor shipping charges $0.00
State sales tax $35.98
3rd party payment processing fee $6.88
Fulfillment labor & materials $30.00
Project cost excluding donation to support DonorsChoose.org $531.24
Optional donation to support DonorsChoose.org $93.75
Project cost including donation to support DonorsChoose.org $624.99
Partner funding offer -$312.50
4 donors -$85.00
Our team works hard to negotiate the best pricing available.
To go $227.49
Your donation will go directly toward helping kids in my wife's Kindergarten class, and future classes. Thanks for looking!
November Income and Expenses
thewh00sel, Dec 05 2012
Time for another installment of Income & Expenses. This section is where I break down my income and list my expenses for each month along with a short analysis of how I think I can improve on them in the future.
This month was pretty cool. Within the first week I was up 12k after a successful 10/20 shot in a soft game (7k) and a nice 5/10 win and very few losses. The next week and a half or so was pretty stagnant, and by the 21st I was sitting comfortably with the same 12k profit. In the last 10 days of the month I managed to pad an additional 12k onto the total with some nice heat-rocking at 5/10 which got us to the monthly total you see above. Looking over the results, the last 3 months have been very kind indeed; a nice 60k upswing =].
Here are my November Stats:
I managed to get 157 hours of cash games in. My goal is 40 hours per week, but considering that I also played two MTTs which I do not factor into the hourly, I am very happy with the hours I played.
Put up a large number this month on expenses. The main reason for that is that we purchased a used 2005 Pontiac Vibe for $5,400 on Craigslist to replace our inefficient SUV. I did $1,100 worth of maintenance on the vehicle, but it still came in well below blue book value for the car and it's the only one I've seen for less than 7k available online. I am happy with the car, aside from some smoke odors inside, but they have been dissipating since I've been treating it with a smoke-removal product...so we will see. Anyways, now the SUV is up for sale for 14.5k. There is a 10k note (loan) on the vehicle, so if the sale goes through @ 14.5k the replacement vehicle will only be a cash flow loss of ~2k for one month versus a $435 car payment every month. Break even point of ~5 months I believe and an immediate 50% increase in fuel mileage. Pretty excited that the wife got on board for this. Here's a picture of what the car looks like.
Pretty much like that. Same color/model year, but ours has a dent on one of the fenders and some safety shit on it, but whatever you get the idea.
Despite the "expensive" month, we still managed a savings rate of 41.21%. Which is pretty solid given the future savings of the cheaper vehicle. Went way overboard on Xmas shopping (432) and also spent 500 for the pistol I bought earlier this month and 250 to get professional holiday pictures done. I'll leave you with some samples of those. Merry Xmas LP.
Lending Club Q1 Results
thewh00sel, Nov 23 2012
So 3 months have past since I made my first investment at LendingClub.com. When I first signed up, I deposited what remained of my PayPal balance from some stuff I sold on eBay for a total initial deposit of $1,259.83. Pretty much firing one buy-in at the investment.
My strategy for investing on the site isn't too complicated. I did some mild research and found some helpful filtering sites to narrow down my criteria for lending money to strangers. I found a lot of use in lendstats.com in filtering for specific loan-types that seem to have a history of high returns and non-default. After I have a list of loan applications I scan through them for proper grammar and reasonable loan requests (i.e "Consolidating my debt" > "BUYIN A HARLEYY!"). Then I buy a share of the loan ($25) and repeat. The whole process of takes all of 10 minutes once a month so it's not too much of a hassle.
Results so far:
As you can see I'm invested in 54 different notes and have been paid $98.72 in payments to date. Of those payments, roughly half is my initial investment back and half is profit (interest). My net annualized return is very high right now, but that is a function of no defaults yet, which will of course happen eventually. I am in the early part of all of my loans and this period typically has the lowest default rate of any time period in a loan. I expect that 20% return to drop to the mid to low teens eventually, but for a speculative investment after a few months I'm satisfied. If things are still running smoothly I may even begin making regular monthly investments here. I will see how annoying it is to deal with this type of investment at tax time though before I start doing that. If anyone has any questions about the site or my experience with it so far I'll try to answer them as best as I can.
Getting a gun
thewh00sel, Nov 08 2012
Pretty much what the title says. I've been thinking about buying a handgun for a few months now. A couple reasons against it are obviously having a toddler in the house and the general risk of accidental gun-firing and all of the safety issues that come along with gun ownership. But from what I've read, and friends I know that own guns, there really is no safety issue if you are responsible with where you keep your weapon(s) and make sure to keep them unloaded and safety locked. The pros of gun ownership seem to far outweigh the negatives, I just never really cared to own one before although my family had a few shotguns/handguns when I was younger.
Some pros to gun ownership:
1. Home defense. Can't hurt to be able to protect yourself in an emergency.
2. Responsibility. I think owning a gun and properly taking care of it and storing it safely will make me a more responsible person, along with forcing some discipline and planning on proper storage and semi-regular range practice.
3. Insurance Policy. With all of the anti-gun and invasion of privacy stuff that the government has been passing in the past 10 years, I want to own a gun/ammunition/way to protect myself and my family in case of an emergency before it gets outlawed. I know this seems unlikely, but when you think about the cost (like $400 for a gun, plus ammunition) you really get a lot of value in protection on your money. Think about Hurricane Sandy; after two days of the power being out there were thousands of people digging through dumpsters looking for food...how many more days before they go looking in other people's houses? If that many people are unprepared for two days with no power, then I don't want to see them at two weeks. Something to think about.
I've pretty much narrowed it down to one gun unless someone has something else to recommend; I believe I'll be going with the Glock 17. It's a 9mm handgun that is the most common gun in the world afaik. Police use them, magazines/ammo is cheap, and it is extremely reliable. There is also the Glock 19 which is 3/4" shorter than the 17 for easier concealment, but I am not really going to need it for that purpose (yet?). Also the grip is a little shorter on those, and although I haven't shot a gun in a long time, I don't think I would like my pinky finger hanging over the bottom of the grip. I plan on going to a local gun shop/range in town in the next week or two and try shooting both of them, and maybe a few other guns to see if anything else calls out to me. SO DON'T ROB ME IN THE NEXT FEW DAYS BEFORE I GET IT OR I'MMA BE MAD.
Glock 17 (above) Glock 19 (below)
October Income and Expenses
thewh00sel, Nov 01 2012
Time for another installment of Income & Expenses. This section is where I break down my income and list my expenses for each month along with a short analysis of how I think I can improve on them in the future.
From me: 14,978
From Spouse: 2,558
This month started off slowly. In fact, I was in negative territory or very close to break even until the 24th. That day was amazing though. I don't think I blogged about it, but back on Superbowl Sunday this year I played with one of those once in a lifetime fish. The kind of whale who buys in for the max (or more) and just constantly fires double the pot, makes it 20x to go as his default open and will stack off with ANY chance to win the pot. I'm not kidding, I saw the guy call a pot-sized shove for a 300bb pot on 445 rainbow with J3s with one of his suit on the board. He ended up ripping off a J on the turn and beating AK.
Anyways, it was a regular day at Bellagio, I was winning 1k already in the 5/10 game a few hours into my session. Three games were going on a Wednesday afternoon, which is above average for the middle of the week, but there were tournaments going at Bellagio so it wasn't completely unexpected. Then in strolls this ghost who I haven't seen since his last 12k donation to my bankroll in February at the Aria. He sat at the must move, and when he made his way into the main game, I threw my name on the transfer list to get into his game. It took about 45min but I eventually made it into the game. I was sitting with about $4k by the time I was moved to his game, and he had me covered with what looked like $15,000 in front of him. The Bellagio game is capped at a $1,500 buy-in, and he had a shit ton of cash behind his enormous pile of $10 chips so I was pretty sure he had snuck the cash onto the table, which was fine with me. I made top pair a few times against him and just like that I had 6k in front of me.
Then an interesting hand came up. He was in the BB and I was in the Hijack. I open to 40 with two Red Kings, two players call and he raises it up to 140, a fairly small raise compared to his normal amount. I 4bet to 400. Although the game had been seeing a lot of 3bets, 4bets weren't very common so I didn't want to go too big, to give him a chance to call or 5bet. He obliged by flicking in the call almost instantly. The flop came down Js 5s 5c. He checked and I bet 450, again giving him some rope. He quickly announced "I'm gonna raise it up a little bit," and swiftly counted out 14 $100 dollar bills and tossed them into the middle. I called. The turn was the Qd. He thought for a moment and bet 1700. At this point the pot has already grown to 7000 (after I match his 1700 on the turn) and I only had another 2500 behind that bet, so I elected to shove, thinking if he has as week as a gutshot, any flush draw, any Ace high, and pair, he will call. I still think that's the right decision but he quickly mucked saying something about having 27o. So with that pot my stack grew from 6k to about 10k without a showdown. He left soon after that when someone nitrolled him with AA on a low board and ticked him off, but I was happy and I ended up with my first 10k cashout in the Bellagio 5/10 that I can remember to put my month back on track.
Here's my October Stats.
To simplify the above screenshot I'll touch on the important stuff. I spent 148 hours at the casino (for cash games) and 139 hours actually playing cash. The difference (9 hours) is time I spent waiting for games to start/get my seat in games. This number is pretty in line with last month's number, as I spent about 30min per session of "buffer time" compared to 25 min per session last month. I'll continue to monitor this number going forward as I like knowing my true time spent at the casino along with time played. I also played 5 MTT's, which equates to 34 hours in addition to the 139 hours of cash. So in total I played 173 hours this month, and spent 182 hours at the casino/work, which I'm pretty proud of.
Very high number this month. Hopefully when I break it down below I will see the answers to why the number was so large and whether it was necessary or not.
832- Mortgage Interest
544- Mortgage Escrow
401- Mortgage Principal
12- Fridge Filter
65- Space Heater (should reduce heating costs for the winter)
70- Landscaping (bought a plant I needed to replace that died and some stuff for the backyard)
60- Pest Control
50- Print ink (don't know if this is really household, but whatever, needed printer ink so there it is)
Auto & Transport- 1,939
174- Insurance (should get a refund for ~$30 from this as I changed carriers this month)
141- Minimum Car Payment
435- Minimum Car Payment
365- Additional Car Principal
580- Car Insurance (Switched to a new carrier and paid up front for the next 6 months, so this 580 represents 6 months of paying $96 per month down from 174)
Health and Fitness- 223
189- health ins (Much cheaper now [= )
Food & Dining- 722
524- Groceries/wal-mart (Feels like we did "ok" this month at wal-mart, still looking to improve on it.)
100- Fast Food
35- dining out (setting a personal goal to go all of November without fast food or eating out at all, will let you know next month how we did)
25- Albertson's (beer)
38- Dolce Gusto Coffee (a non-necessity expense for our coffee machine. Delicious single-serve coffee)
Bills & Utilities- 826
230-nevada power (like I said in the last expense report, for some reason it seems like I always skip a month of paying electricity and then have to pay twice in one month. This was September's electric bill. Fairly low actually given that it was pretty warm in Sep)
327- Nevada Power (This number is higher than I thought it would be, maybe I'm off on which two bills were which bc we didnt turn the A/C or the heat on at all this month)
59- Cell Phone (Pretty proud of how low this number is. It will be lower in the future, but I did a write-up Here on our new cell phone plan and how it saves us over $100 per month.
68- Cable/Internet (This is a new lower number as well since we changed our service to be cheaper.)
41- Trash/Sewer (this is a quarterly bill)
300 Clothing (meh, spent too much on this, but Alli was growing out of her clothes, and needed winter stuff. We also bought some winter clothes for ourselves too)
180 Home Decor (we didn't really need this but Mrs. wh00sel bought some candles and whatnot that she wanted)
180 Home Electronics (Bought a DOCSIS 3.0 modem which allows for faster download speeds with lower internet service. Also bought a remote control for my PS3 as we watch all of our tv on that now for the most part)
Bought drinks for a high school friend who was in town for Halloween
We now pay $160 per week to have our daughter in preschool 3 days per week. This change allows me to get in more hours each week, while also spending more time at home as a family. I was a little nervous at first as outsourcing parenting is something that scares me a little bit; but she was growing bored at home and needs the social interaction. From an EV standpoint, if my hourly is $70, I need to get in 9 hours extra per month to pay for the cost of daycare. I got over 180 hours in this month, so I think I clearly surpassed that mark. Also, I have been spending more time at home with my family so it's taken some stress out of our lives which is pretty much the point of the whole thing.
300- Xmas presents
440- Cancel Verizon Contracts (After doing this, and switching to prepaid phone plans, in 3 months or so we will be into profit already from the switch. Also, starting next month our cash flow should be much improved already)
That's everything. I didn't manage to keep the expenses down this month, but since with daycare I immediately get to add additional hours to work, it is essentially free imo. In addition to that, $440 was spent canceling a contract, $580 of car insurance was paid upfront for the next 6 months, and $365 in additional car payments were not required expenses. Removing those from my other expenses drastically reduces the number. I am confident that November will be one of my lowest expense months to date, barring anything crazy happening.
With an income of $17,536 and expenses of $7,824, we had a savings rate this month of 55%
I am pretty happy with that number given all of the expenses I chose to take on this month in order to reduce future expenses and make my life more efficient.
Thanks for reading, hopefully there was something worthwhile in there if you read it all. If you couldn't be bothered to read it all, then you're probably not reading this either. CHEERIO!
Indexing vs Active Management
thewh00sel, Oct 17 2012
I know I've been posting a lot of information and stock picks lately, but I wanted to make it clear that dividend growth investing isn't the only path to success in the market. In fact, after looking at the results of actively managed mutual funds versus the index fund counterparts I was a bit surprised with how rare success is in the stock market. Success in the markets, of course, is measured by how much you can outperform the indexes; because if you can't beat the gains of "buying the market" then what the hell are you doing anyways?
It turns out, that of all the types of mutual funds out there, in the past 5 years the majority of mutual funds lagged the market. Let that sink in. There are specific analysts in these companies whose job it is to know only one company. They know this company like the back of their hand...And yet they can't predict how the stock will react.
These mutual funds charge large fees; the average in the industry is around a 1.2% expense ratio (rake). Which means if a fund has 100 million dollars in it, the fund managers scoop 1.2 million off the top. On top of that, a lot of these funds have load-fees and other sneaky fees that chop down your money. And the worst part about all of this is that these funds can't even beat the market (not only that, but the % expense ratio has no correlation with its ability to outperform the market).
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Since numbers can often speak better than words, here is the percentage of funds that were outperformed by their benchmarks over the past five years:
Domestic Large-Cap Stock Funds: 61.93%
Domestic Small-Cap Funds: 72.56%
Domestic Real Estate Funds: 70.24%
International Stock Funds: 77.98%
Emerging Market Funds: 82.89%
Government Long-Term Bond Funds: 93.62%
Investment Grade Long-Term Bond Funds: 96.77%
High Yield Funds: 96.06%
General Municipal Debt Funds: 90.24%
Was there any category where active managers, in aggregate performed better? Only two: large-cap value and international small-cap.
During the past five years, only 36.71% of large-cap value funds underperformed their benchmarks. However, 54% of large-cap value funds lagged their benchmark over the past one-year and three-year periods. Hence the advantage of active management is questionable at the aggregate level.
International small-cap is an area where you may to consider favoring active management. Only 26.09% of actively managed international small-cap funds lagged their benchmark over past five years, and the one-year number is not considerably higher at 38.18%.
Along with actually beating actively managed funds, index funds make it extremely affordable to "buy the market." You can buy a piece of every stock in the S&P 500 for an expense ratio as low as 0.05% through Vanguard, widely known for its cheap fees. I recently opened a Vanguard account myself to take advantage of the power of index investing.
So my basic point is: If these fund managers who are paid millions of dollars can't beat the market consistently, why should you or me think that we can do it?
Now I'm not going to stop investing in dividend growth stocks as I am confident in my overall strategy...but I am going to increase the amount of capital I allocate to indexing alongside of it. And if you are considering mutual funds, just remember how many of these companies are just investing in yesterday's winners. Today's underperforming stocks are tomorrow's turnaround story, and vice versa for the high flyers. It's easier to diversify than to pay someone to guess for you.
Disclosure: I'm not a professional adviser and my opinions are just that, not recommendations to invest
Monster Cell Phone Change
thewh00sel, Oct 12 2012
I just paid $440 ($220 per phone) to cancel my family's Verizon Wireless contracts. These early termination fees are obviously brutal, but with a contract that doesn't expire until September 2013 and a monthly bill averaging $167, $83.50 per phone, I couldn't think of a better way to stick it to them than by switching services.
The first thing that I did when analyzing my change was to do a cost-benefit analysis of canceling my service, and changing to something more in line with the amount of usage that actually fits our needs. So I hopped on VerizonWireless.com and looked up the usage of my phone and my wife's phone for the past 6 months.
As you can see from the chart, my wife averaged 343 minutes of voice, 2,811 text messages, and 805MBs of data per month for the past six months. The high and low range of these averages are also listed.
My averages were much lower in voice and messaging, but my data usage was twice as high at 1.5GB per month, on average.
So with this new information at my disposal, I went on a hunt for something acceptable. Our plan with Verizon allocated 700 minutes of voice per month split between both phones, unlimited messaging, and unlimited data*. We both have iphone 4's, so that narrowed my search to providers that offer service for Verizon's version of the iphone 4. I found the holy grail in Page Plus Cellular.
Page Plus Cellular is a prepaid phone service. They run on Verizon's network, but "officially" Page Plus does not support the iphone. So if Big Red ever decides to tell page plus to run through and cancel all service to Verizon iphones then there is an issue that will have to be dealt with. Page plus offers a basic assortment of prepaid plans. The one that jumped out at me right away is "The 55." This plan has unlimited texting, unlimited voice, and 2GB of data for $55 per month. If I just snap-called and switched both of our phones to that plan, I would automatically go from $167 per month to $110 per month. And having never exceeded 2GB of data on my plan on either line, that would be a savings of $50 per month, or a one-year savings of $684 ($264 after termination fees).
But I wasn't satisfied with just that plan. After looking further down the list of options I found a gem of a plan that meets my wife's needs fairly well. It's called the "Talk n Text 1200." This plan offers 1200 minutes of voice, 3,000 text messages and 100MB of data per month. A problem obviously arises in the data category, but a simple setting on the iphone to turn off all cellular data when not near wifi solves this issue. This plan costs $29.95 per month. No taxes, no fees, that's it.
So now we have one phone taken care of, and it's time to address my phone. Now my initial thought, again, was to go to the $55 plan with 2GB of data, but then I did some thinking and some researching. How much data do I really need to use? How often when a wifi pop-up comes up do I just click close and continue using my 3G speeds instead? So I looked around on the internet and found something amazing.
It's called the Freedom Spot - Photon. It's made by a startup company called FreedomPop. It is a hotspot device that you lease from the company for a one-time REFUNDABLE fee of $99. This device is FREE. And what they offer with the device is 500MB of FREE DATA PER MONTH. When I saw it I didn't believe it. You could essentially order 10 of these things and pay 1k and have 5GB of free data and when you return them in a year you get your 1k back. The risk obviously is that the company goes bankrupt and you lose your $99 investment, but I am willing to take the risk on one of these. You just slip it into your pocket and turn it on if you need to use data service but are not near wifi. With this device I believe that I can use a much lower prepaid plan than I have now. I ordered the 29.95 plan for myself to match my wife's, but after this puppy comes in and I get a feel for how my prepaid plan works, I may experiment with lower plans like "The 12".
The 12 plan has a $12 monthly cost which includes 250 minutes of voice, 250 text messages, and 10MB of data. If the Photon is as reliable as I hope it will be, then I can switch everything over to using Google Voice around wifi to make calls. I'm kind of new to google voice, so I am trying to figure out how to send and receive text messages as well through that. If I can get everything working properly then I can lower my monthly cell bill to around $20 per month. But if I prefer to live without worry/hassle then I will just keep the 29.95 plan and still save $100 per month over my Verizon plan.
After switching both phones to Page Plus and selecting the "Talk n Text 1200" plan (and paying $420 in termination fees) it will take about 4 months to break even** on the switch. From that point on, we will be saving $1,285 per year on telephone service, and that's assuming we can't get more efficient from that point.
Here's my analysis on the breakeven point of each plan with the one I chose highlighted in green:
Now go say F U to Verizon and make the switch! Options are also available for T-Mobile, ATT customers, you just have to do some research. Thanks for reading!
*We were grandfathered into the unlimited data plan. I found out that you can actually sell these plans and transfer them to new users for $300+ but that it was/is a grey area where some people after purchasing are forced to lower their data plans. I didn't want to risk anything so I just canceled and ate the termination fee.
** I didn't include the cost of the freedompop device as it is a refundable $99.
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