A Great Way To Save More Money: Visualize Your Broke-Ass Lonely Self

Graffiti Long Island No Money No Honey

5Pointz, Long Island City

Ever since I was in the 4th grade, I’ve had this mild obsession with staying in shape. There was this girl I liked in gym class that I so wanted to impress, but I already had a gut as a nine year old! So imagine my dread when it was swim season and I had to sit down next to her in only my trunks. I couldn’t wait for the teacher to blow her whistle so I could jump into the pool and exhale. I was always so envious of the bony kids who didn’t have to suck in their guts.

I never did get the girl. I blamed genetics and my lack of courage to say, “Wanna get an ice cream sandwich during recess?” All throughout secondary school I decided to get into better shape because I knew I couldn’t be poor and out of shape at the same time. That would be a disaster.

Nowadays, I no longer care as much about being in good shape because I’ve usually got my clothes on. Women don’t seem to care for hunky dory guys anymore. A nice smile, an engaging personality, a job, a car, a stack of Benjies, and a two bedroom condo with a view of jumping dolphins in the horizon will do. Can you really blame single 40-year old guys who are still having the time of their lives?

“Even if I don’t need him to take care of me, I’d like to know he can provide the life I want to lead,” mentioned a couple female friends who are 8’s, but settled for 6’s.

If we men can’t stay fit, then we must be able to at least generate enough wealth to provide. Being unfit in wallet and in wealth leads to loneliness. This is our curse from society, which I’ll discuss more in an upcoming podcast.

“No money, no honey,” as the saying goes. 

What Is Venture Debt? An Investment With Higher Yields And A Lower Risk Profile

Venture Debt vs. Venture Capital Returns

Venture Debt vs. Venture Capital Returns

One of my favorite investment strategies is the barbell strategy where I invest in lower risk companies or indices to hit singles and doubles while concurrently investing in more speculative companies to hit potential home runs. I’ve structured my after-tax investments to be more low-risk through structured notes, and my pre-tax investments in my rollover IRA, SEP IRA, and Solo 401k to be more high risk. Given my pre-tax investments can’t be touched until 59.5 without penalty, I find it easier to take more risks with such funds.

My investments are solely a mixture of equity and fixed income to keep things as simple and straightforward as possible. My main goal is to come up with an appropriate asset allocation for my age and risk-tolerance, and let the investments perform as they may. Spending energy trying to beat the S&P 500 is a fool’s game. I’d much rather be traveling, playing tennis, building my online business, or writing with my spare time.

I’ve recently invested into a new investment vehicle I’m very excited about. It’s called venture debt. For those of you who are accredited investors who like the barbell investment strategy as well, I think you will appreciate learning about venture debt in this article.

The Cause Of Conflict: Money, Entitlement, And Poor Etiquette

Team Photo At The Mission Playground, SF

Team Photo At The Mission Playground, SF

You might have heard about all the Google bus protestors in the Mission District as techies move in and cause rents to rise. Long-time residents are displaced by landlords who want to evict and sell their buildings to buyers who turn around and rent the same units for market prices. Multi-unit buildings are under rent control, which allows for rents to rise by no more than a small percentage a year, usually under 2%.

On the one hand, the landlord should be able to sell their building and maximize profits if they so choose. On the other hand, how do we take care of the residents, especially older and disabled residents who might not have anywhere to go because market rents are double their existing price? It’s a messy, messy situation that is causing a lot of strife.

I’m a landlord, but I’ve never faced this problem before because I’m just buying property to live in. Only after living in the property for many years (10 years as is the case with my latest rental) will I put the property up for rent because I don’t ever want to sell. I would feel terrible buying in an up-and-coming neighborhood with the idea of booting out long-time tenants for profit. Forget that. There are much more harmonious ways to make money than disrupting other people’s lives.

Here’s a video that is causing a lot of uproar in San Francisco that I’d like for you to watch. This altercation is a prime example of what happens when money, entitlement, and poor etiquette come into play. Notice the racial divide as well. Having tact and better communication skills can go a long way to avoiding conflict. 

Do The Rich And Powerful Want To Keep The Middle Class Down?

poor-femaleThe one thing I wondered when reading that 100% of people who make over $500,000 are very happy is whether rich and powerful people WANT the middle class to stay poor. Popular media loves to report that money doesn’t buy happiness beyond a very average level of income. But it’s clear that the rich have successfully manipulated the gullible media into making us believe the rich are not safe and happy with their wealth, when they really are.

Part of the reason why I write is to highlight so many of the absurdities that go on in this crazy world. And for some reason, a lot of the absurdities have to deal with government-funded policies e.g. Have a $1,000 child tax credit per child if you make below a certain income level despite our reports saying that it costs $250,000+ to raise a child into adulthood. Thanks to conflicting signals, can we really blame some families for having five children and staying on welfare their entire lives?

The happiness and income survey is anonymous and provides no incentives for participants to vote differently from how they feel. Therefore, it’s highly likely that a large majority of people who do make over $500,000 a year are much happier than those who make less. The only people who say money doesn’t buy happiness are those with no money to make themselves feel better, and those who have a boatload of money and don’t care about money anymore.

In order to feel rich, you must make or have more than the average. Even if you earn only $30,000 a year, you’ll feel rich if the average person earns $20,000 a year. But if the middle class grows more wealthy, then the rich won’t feel as rich anymore.

Given the rich and powerful like to mingle within their own circles, it becomes extremely difficult for the rest of us to get ahead in society because everybody just takes care of each other. A middle class person has to be an exceptionally brilliant, hard working, or lucky to move into the rich class where hopefully they’ll stay for a couple generations until the third generation wastes it all because they don’t understand what it takes to get ahead.

Consumers Stand Up For Your Rights: Honda MPG And Recall Issues

Honda MPG Advertised

Misleading Advertisement

One of the main reasons why I bought a 2015 Honda Fit was due to the advertised fuel economy of 32 MPG City, 38 MPG Highway, and 35 MPG overall. My old vehicle was getting 12-16 MPG as a 2000 SUV, and I wanted something more economical to drive around town and to Lake Tahoe.

After going through 8 gallons of a 10.9 gallon tank (fuel light went on), I discovered that Rhino wasn’t getting anything close to the advertised 32 City MPG. Rhino clocked in a paltry 21.6 MPG, or a whopping 32.5% lower than advertised. I’ve since refueled the tank and driven another 200 miles and am now getting closer to 20 MPG in the city. I don’t know about you, but I find this difference egregious.

Here are some examples of getting 32.5% less than you paid for:

* Imagine paying $80 for a 60 minute massage and only getting 40.5 minutes worth.

* Imagine paying $100 for an NBA basketball ticket, and being kicked out 10 minutes into the 3rd quarter.

* Imagine paying $70 for a MLB ticket, and not being able to participate in the 7th inning stretch.

* Imagine paying $170,000 for a private university and only getting to attend for three years.

* Imagine paying $299 for the latest iPhone and only getting 43 GB of storage instead of 64 GB.

* Imagine selling an ounce of cocaine for $1,200 to your neighborhood gangsta who discovers that 1/3rd of the weight is actually powdered sugar. You’d probably get shot.

We buy things based on the advertised features. If the company lies about the feature, then obviously the consumer is being misled and should either get his or her money back, or get a discount based on the shortcomings of the advertised feature. I’m not going to buy the latest Macbook Pro 13″ if it performs like a Macbook from 2007.

Besides the MPG, I also bought the Honda Fit due to its short length of 160″ so I can find more parking spots. The final reason why I bought the Fit was due to Honda’s history of producing reliable cars that are hassle free.

I then got a letter in the mail from Honda.