Category Archives: Events

Examining Student Loan Relief

Felt the need to get to the bottom of the student loan relief package offered by President Biden. The mass media is doing a terrible job educating the public on what is actually happening with this.

Here’s what we know for facts:

  • About 45 million Americans owe about $1.75 Trillion in Student debt.
  • The proposal is to forgive $10,000 for everyone making under $125,000/year and $20,000 for those receiving Pell Grants.
  • The majority of student debt is held by the government.

Estimates from Left sources in the media report that the total amount forgiven is in the order of $300 Billion. Sanity check: 45 million borrowers X $10,000 = $450 Billion. But this doesn’t count how many people owe on Pell grants or how many owe less than $10,000. So let’s just say between $300 and $450 Billion will be forgiven.

Interest on Federal student loans is typically between 5 – 7%. If you take an average of 6% and say the average borrower pays off $10,000 in student loans in 10 years, the government gains about $3300 in interest for the life of the loan. 45 million borrowers X $3300 interest = $149B.

The total amount of money paid back in 10 years to the government = $450B + 149B = $599B. That’s about $50B per year – worst case – that we are not getting back what we loaned out.

I think my numbers are a bit high as they don’t include Pell borrowers. Plus, many borrowers owe less than $10,000. But we get an idea.

Continue reading Examining Student Loan Relief

Freedom to Choose

A lot of talk about freedom lately.

With Independence Day and Memorial Day fresh on our minds, Facebook and Reddit are full of discussions on the importance of freedom.

Women’s rights. Gun Rights. Freedom of expression.

Most people want the right to even make bad choices. Freedom includes this right. After all, who is the judge of whether a choice is good or bad?

Yes, we have the right in this country to make bad choices that lead to situations where there are no good options and we have to make more bad choices (e.g. Federal debt)

Ah…FREEDOM.

Continue reading Freedom to Choose

My “Stupid List” for the Pandemic

Organizational leaders, whether in business, politics, or non-profit, often miss some important things when managing their organization. In almost all cases, it’s because they 1) don’t have a good “30,000 foot view” of what is going on and 2) a diverse group of advisors is not assembled and consulted.

Take Vladimir Putin for instance. He’s making a big mess. I originally gave him much more credit as a leader than he deserved. But he chose to surround himself with “Yes Men” and the result has been catastrophic. If you have any doubt of this, I encourage you to watch Putin Scores 8 Goals.

I made a “Stupid List” for the company I worked for that detailed the top 10 things the company did not address. It was mostly in my head, but it helped me keep my sanity. One of the things on my list was that we never really sat down and addressed the big problems facing our company. It was like the company was running on automatic and continued patching an archaic operating system.

My Stupid List

This all changed when one of the managers got the idea to hire a consulting firm. The first thing the firm did was sit us all down and have us diagnose our own problems and then implement solutions.

We needed an outsider to tell us all to sit down and talk about how we can improve. Wow. That was a big miss.

Hiring consultants is a great idea for any business. It’s like hiring a marriage counselor or a therapist. Outside perspectives are great. They can solve big obvious problems that can’t be seen by insiders.

In our case, the obvious issue was that we didn’t sit down together and discuss what was wrong with the business.

And that’s exactly what we should be doing with the pandemic – sitting down and thinking about the things we can improve on.

With this in mind, I have made my own list for the pandemic:

Top 12 List of Stupid Things We did During the Pandemic:

Continue reading My “Stupid List” for the Pandemic

Live and Learn

20 years ago, I never would have thought that I would be working out with a group of women.

Back in 2017, I invited people from the gym to workout with me two times a week. For the last year it’s been me and these three amazing women.

Me and My Workout Buddies

The reason I never imagined things would turn out this way is because, the way I see it, most people, particularly women, don’t workout as hard as me.

Continue reading Live and Learn

Extrapolation

Want to see what’s in store for your future?

You don’t need a crystal ball. Just extrapolate.

By looking at past and current trends, you can estimate what’s in store for your future.

There is a tool in Microsoft Excel to extrapolate data on a chart. Put in a few data points and it will tell you what the next number will likely be.

For instance, if you weighed 150 pounds when you were 20, 160 at 30 and 170 pounds at 40, you could estimate, based on the trend, that you will weigh 180 pounds at 50.

Continue reading Extrapolation

My COVID Experience

Going on week 3 of my COVID-19 experience and I’m feeling relatively normal.

Like 80% of those that were infected with the COVID-19 , my symptoms were mild.

  • Day 1: A dry cough was my first symptom. Otherwise felt fine.
  • Day 2: Woke up in the AM with a good headache and fatigue.
  • Day 3: Headache and more fatigue. Area around my belly fat was sensitive to touch – similar to when I had shingles. Lasted a few days.
  • Day 4: Loss of smell added to the fatigue. Headache subsided. This was my worst day.
  • Day 5: Sinuses started filling up.
  • Day 6: Very drippy and sneezy, but not so exhausted.
  • Day 7 through Day 9: Actually able to function. Full sinus cavity. Get tired easy.
  • Day 10: Off quarantine. Sense of smell returned. Occasional cough and sinus fills overnight. Back to my daily duties – only with a longer afternoon nap.

As our governments struggle to apply one-size-fits-all programs, many people are taking a more individualized approach. Much of someone’s approach is or at least should be based on their risk. The young, healthy Spring Breakers in Miami Beach are an example of one extreme as they shed their masks and inhibitions. At the other end, there are those that are elderly with co-morbidities locked in their homes and wearing masks out to get their mail.

Continue reading My COVID Experience

Strength Training 101 for Women

We have been training women locally to lift weights and strength train since the late 80’s. When we started Fay’s Fitness in 1993, our motto was “Women Should be Strong”.

Back then, our whole business model was to 1) educate women on the benefits of strength training and 2) help women learn how to strength train properly. We recognized the benefits of strength training for women. Women could build strong muscles and strong bones. They could shape their bodies and with the additional muscle added, would have a kickass metabolism that would help them maintain a healthy weight.

Our Beginning Strength Training Book
Continue reading Strength Training 101 for Women

Reopening September 16

This image has an empty alt attribute; its file name is IMG_4004-1024x312.jpg

Finally!

We got all our ducks in a row and submitted our Safety Plan to the Tioga County Health Department.

As planned, there will be significant changes to the gym in both appearance and how we operate.

All members are now required to:

  • Read our Safety Plan and comply to its requirements.
  • Sign in, including confirmation that you understand the rules and pass the Health Risk Screening Checklist.
  • Obey all signs in the facility.
  • Sign a new Indemnification Waiver

IMPORTANT! Fay’s Fitness has transformed into a “Private Gym” model, where everyone using the facility is scheduled.

Continue reading Reopening September 16