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Should You Stop Using Facebook?

Last updated: July 30, 202310 Comments

facebook headquarters sign

Update January 2023 – I’ve also stopped actively using Twitter (removed app on my phone) and Instagram. I was never very active on Instagram, but whenever I did happen to open the app I found it extremely addictive and invariably brought me down, as it highlighted all the amazing lifestyles everyone seems to be having and gave me major FOMO. So I created a new Instagram account just for my own art, where I only follow artists that exclusively post art, which I in turn use as inspiration. I also love to connect with artists and this is a good tool to connect.

I am also very active in my own community (The Good Life Collective) as well as other select communities I’m in.

Update January 2021 – I highly recommend reading this and this. I also found the documentary movie The Social Dilemma to be an excellent portrayal of the dangers and damage of social media.

Update March 2017 – I have now stopped using Facebook in any meaningful way. I still have my profile active, so I haven’t technically closed the account, however, I no longer use the platform and indeed have it blocked on all my devices using Freedom.to. If you want to block it without using Freedom, you can have a look at this post. I also stopped using LinkedIn.

After one month of taking this decision, I feel great and I don’t plan on going back. First of all, I’ve gained 30 minutes to 1 hour daily. This does not only take into account direct time checking out stuff on Facebook, but also the switching cost of going from productive work to checking Facebook and back. That’s up to 7 hours per week gained, which is absolutely awesome.

Secondly, I don’t compare my life to others as much. I’m not one who typically does that, but looking at all the photos and videos of other people is directly aimed at provoking such feelings, and it does take its toll in the end.

Thirdly, I have stopped oversharing and going into petty arguments with people online. There is no point really in sharing small random thoughts or photos on Facebook, at least not to me. I found that it promotes a culture of fast consumption, where the urge to post is almost a reflex action as soon as I get served a great plate at a restaurant, hear a nice quote, or visit some place with incredible views. Now I can just enjoy the moment and focus on sharing it with whoever is present with me, because that is what really matters. This slow living style has also helped me think about things in a deeper way, and consequently post in long form on my blog rather than post shallow statuses on Facebook.


Every once in a while I hear of someone who has decided to exile himself from Facebook by closing off his account. I also know a few others who have never joined.

Myself? I’ve been a Facebook user since the very early days, having joined in 2006. That makes it 10 years of Facebook usage, yay!

When I hear that someone has left Facebook I almost always stop to think about it. A little rebel spirit inside me urges me to consider doing the same. We all know that Facebook is the biggest enemy of productivity don’t we?

Well, is it really?

I’ll be the first to admit that yes, at times I have spent way more time on Facebook than I should have. The problem wasn’t Facebook itself though, it was something deeper than that. As I have grown to be more organised and productive in general, the “spending too much time on Facebook” problem seemed to slowly fade away. I therefore came to understand that the real problem had been a lack of time management and also a lack of motivation to do the task at hand.

This year I am making a concerted effort to outsource those parts of my job which tend to bore me or slow me down, hence increasing the chances of me procrastinating and finding outlets like Facebook to entertain myself instead of doing that dreaded piece of work.

If we discount the typical problem of Facebook being a huge time sucker, the next thing to consider is whether this social network is of any value at all. Am I just part of the people watching herd? Do I use it for learning random useless tidbits on other people’s lives?

Turns out that no, I actually use Facebook for some very useful purposes.

[Read more…]

Filed under: Thoughts & Experiences

💸 Understanding PayPal Cross Border Fees

Last updated: January 10, 20236 Comments

paypal_logo
In this post I’ll explain PayPal’s cross border fee system. But first, a short recap on the fees that PayPal imposes in general.

PayPal charges fees whenever a transaction takes place. The one charge that is always present is PayPal’s own fee which goes towards paying off the processing of credit card payments.

Visa, MasterCard and American Express charge PayPal for every payment they process, and so they need to pass this fee on to sellers to cover their costs. They also need to make a profit on each transaction so part of that fee goes towards that purpose.

To recap, these are three instances that will trigger PayPal charges:

  1. When you receive money from a purchase.
  2. When you receive payments from outside your country or region.
  3. When you send personal payments using a credit card. The sender determines who pays the fee.
  4. When you withdraw money to your debit/credit card.

I am mostly concerned about the accepting payments for your business with PayPal, so I won’t be discussing the third scenario. I’ve also discussed the fourth scenario in previous articles on this site.

We’ve already talked briefly about the first scenario above, and to give you an idea here’s what you would be paying if you were based in the following countries:

  • US: 2.9% plus $0.30 USD per transaction
  • UK: 3.4% + 20p per transaction
  • Spain: 3,4 % + 0,35 EUR per transaction
  • Malta: also a Eurozone country, so fees are identical to those of Spain

As a side note, note that is very advantageous to have your PayPal account based in the US from a fee perspective, you get to pay 0.5% less than your European counterparts on the value of the transaction and also a lower fixed fee per transaction.

Moreover, if you are based in Europe but the bulk of your customers are based outside Europe, you will also be paying the cross border fee on top of paying more in basic fees.

On top of that, if you are charging everyone in Euros, you would also be hit by a currency conversion fee from, for example, USD to EUR. More on that later in this article.

It is also worth noting that there are discounts based on volume, so lets take Spain as an example. The screenshot below shows the sales ranges and corresponding tariffs per transaction. It clearly pays to pass more transactions through PayPal every month.

As far as I remember, the bulk transaction discount won’t be automatically applied, you need to ask for it buy opening a support ticket with Paypal.

spain paypal volume discounts

The above assumes that the sales were made within the same country that you have your PayPal account set up in. So for example a US seller selling to a US customer or a UK seller selling to a UK customer.

Cross border transactions, for example a UK seller selling to a US customer, trigger cross border fees, which is what I want to talk about in this article.

[Read more…]

  1. Are You Losing out from PayPal’s Exchange Rates?
  2. 🤔 Which PayPal Account is Best for You?
  3. 💸 Changing Your PayPal Withdrawal Currency
  4. 💸 Understanding PayPal Cross Border Fees
  5. How to Withdraw From PayPal into a Maltese Bank Account
  6. 💳 Withdrawing Money From PayPal for Non-US Accounts
  7. Which PayPal E-Commerce Checkout Service Should You Use?
  8. 🤔 Should You Open Separate PayPal Accounts for Each of Your E-Commerce Stores?
  9. 🆚 PayPal VS Wise Borderless
  10. 💳 Linking Virtual Bank Accounts and Cards to PayPal (Revolut, Wise etc)
  11. How to Change Ownership of a PayPal Account

Filed under: Money, Payment Processors

My Ideal Coworking Space

Last updated: July 30, 202312 Comments

Deavor

Deavor in Nashville. Amazing space.

One of the most important places for a digital nomad (and indeed any worker) is his/her work space. Many choose to work from home or from cafes, but increasingly there has been a shift towards places that offer a better plug and play (work) solution.

Enter the coworking space.

I’ve tried countless spaces and on many an occasion had an “Oh this is a wondeful space, if only they had…” reaction to a coworking space. I’ve thus decided to dream up all the elements that would be part of my ideal coworking environment.

[Read more…]

Filed under: Thoughts & Experiences

How to Hide and Protect Private Files/Folders on Mac

Last updated: October 16, 2018Leave a Comment

Hide files and folders on mac

We all have private content stored on our laptops or external drives. Would you like that content to fall into the wrong hands? I sure don’t want that to happen, so I hide and protect my private files and folders.

Hiding Files and Folders

There are two main methods of hiding files and folders in MacOS.

[Read more…]

Filed under: Tech

Using Evernote to Organise and De-Clutter My Life

Last updated: March 09, 2022Leave a Comment

evernote

I love reading about all sorts of topics and a good chunk of my life is spent online.

Logically I’m thus processing a ton of information, and unfortunately, my brain doesn’t always absorb all the information I feed it. Hence I needed some software to help me store all the important tidbits such as links, checklists, receipts, documents etc. The list goes on and on.

[Read more…]

Filed under: Tech

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