Later in the week we did AJAX with the bookmark manager project. This meant I had to pull the information from the previous week’s example as I had not completed the work for the previous week (indeed I have written off all the sinatra work really).
Next week is Rails! I can’t wait, this is where the real power of Ruby lies (in my opinion) plus I am looking forward to making things that will allow me to create something, post-Makers. Long may this enthusiasm continue. I will try to keep up this Makers Academy Review weekly.
In another installment of my ongoing, blog by blow Makers Academy Review I shall be coding a fully fuctional bookmark manager. Well kind of. More from copied and pasted code from the Hackpad (a resource that holds lots of the Makers Academy curriculum). This is my least favourite method of learning. I get thoroughly bored and want to distract myself in every possible way. I also feel like I am not learning anything, if I could learn well by reading I wouldn’t be at Makers Academy. I would be sat at home in my underpants reading every Ruby, Ruby on Rails and Rspec/Cucumber book under the sun. Unfortunately, I have to pay top dollar because I don’t have the will and determination to do that. Likely due to me being a lazy B and more seriously not absorbing books at all, which is part of the reason as to why I find every possible way to do resort to reading a book, which is easy in the technological era.
Week 5 is over and it is time to carry on with the Makers Academy Review and I have to say I feel very disappointed in myself. I have done/learnt nowhere near enough this week. This has a lot to do with my lack of attention to the task at hand. I underestimated the amount of material it was necessary for me to cover and I am behind.
The main topic we are covering here is really Sinatra, this is Enrique’s favourite framework, although I am not sure you can call it much of a framework, it doesn’t really do anything! That is probably my ignorance of the topic which I am sure he will dispel me of next week!
One thing I did learn this week: I am awful at Sudoku!
A very bold statement, yes. It boils down to whether you believe money could have a important effect on your life. Most, I believe, can see money having an effect on their life in one form or another.
Fees cost pensioners £284,000+*
Really this is true. If you pay 2.5% fees, like most people do, if not more you are throwing away money that could be used to keep you in your retirement. Some could consider it immoral that an industry is built with almost exclusively salesmen whose sole incentive is to sell, sell and sell more. This is because these salesmen get a large chunk of that fee. It is easily possible to use index funds and pay significantly less (1%) for investments that, more often than not beat the performance of “experts”, who are just guessers. The lucky guessers are the ones who make the money. When they make bad guesses with your money, you pay them 2.5% of your entire investment for doing so, it doesn’t affect them much at all. It is all very clever and quite wrong.
One large asset management company has an army of “Partners” throughout the country. “Partner” is simply a marketing term they use instead of “Sales Rep”. Their whole business is built on selling high cost investments that bring in large bonuses and commissions. These fees potentially cost their clients £100,000s more than better alternatives on the internet and even provided for a much smaller fee by an IFA.
*Based on a 20 year old paying £200 per month into an investment for 50 years with an average rate of growth at 7% and paying 2.5% fees compared to 1% fees (these are even the lowest you could have).
So can investment fees change your life. Only if you believe £200,000 would change your life.
This week at Makers Academy was the best I have had yet and I have more to add to my review of Makers Academy. To start the week off we split into teams and tried our hands at building a programme that would be able to play battleship with a server that had been set up. We managed to get ours to work after a lot of changes. It was an amazing experience and I definitely learnt a lot doing it. It was nice to visualise what we have all been working so hard on these past few weeks and to see how far we have come.
Later on in the week I paired with Darrell, who appears to study a great deal and is certainly ahead of me when it comes to his Ruby knowledge. I gained a good deal of insight and knowledge from him and I was shocked at how much he had picked up over the last 4 weeks.
Next week if turning that Sudoku into a web app, that should be interesting. Overall this week was fantastic and I look forward to learning more and carrying on with my Makers Academy Review