If You Produce Nothing How Can You Expect To Make Any Money?

Produce nothing? Have a double bagel

Produce nothing? Have a double bagel

Every time I walk into a coffee shop, I see guys fiendishly coding on their laptops. Although the chances are slim to ever make it big as an entrepreneur, thousands of predominantly 20-something year old men try their luck anyway. Huge respect for anybody who tries.

100% of the non-family tenant applicants for my previous house were males in tech, internet, finance, or consulting. No wonder why fellas complain that San Francisco is turning into a sausage town. At the same time, women also complain there are no good men in San Francisco either. Such a conundrum!

The title of this post may seem obvious, but I don’t think it’s obvious for the folks who 1) complain on the bus why their life sucks, 2) complain on message boards why what someone else wrote is terrible, or 3) complain on here why it’s too hard to save money or spend less. There has to be action, otherwise you’re just wasting everyone’s time.

Every single company we know of today started with someone who had a vision and a determination to produce something new. If you’re working 40 hours a week or less and wondering why you aren’t getting ahead, you might as well move to Europe where life is good and everybody makes roughly the same. A 40 hour work-week is an arbitrary amount to work given we have 168 hours a week.

Dear Minorities, Use Racism As Motivation For Achieving Financial Independence

Beach at Golden Gate BridgeWhen I was a kid, I used to be very combative when it came to fighting racism. Part of the reason had to do with attending international schools in Asia growing up. Kids from all over the world can get pretty nasty towards each other along racial lines. I took up martial arts and learned debilitating hits to cripple my opponents in a fight if necessary. It’s just in my personality to stick up for myself and others, even if it means going to the hospital.

It’s easy to dismiss racism as no big deal if you’re not a minority. Behind closed door comments from Clipper’s owner Don Sterling are always hurtful, but not a surprise. Perhaps it’s a generational thing. Or perhaps Don was just saying things as any jealous man would to an attractive woman 50 years his junior. When a $1.8 million condo and $500,000 in automobile gifts isn’t enough, I guess some spiteful things start coming out. Whatever the case may be, we know people all over who act one way, but think another way in private.

If you are a minority, you are well aware of every slight, perceived or otherwise, that comes your way. It happens at work, or in the grocery store, or on an airplane, or when you’re standing in line minding your own business. Over time you become inured to the insults, but the pain really never goes away. It just gets buried.

Now that I’m an adult who has gone through the system to reach financial independence, I’m slightly less sensitive to perceived injustices because people stop pissing me off as much. I don’t have to kiss someone’s ass to get ahead, nor do I have to sacrifice any shred of dignity to make more money. I’ve really got nothing to complain about, so I don’t.

But my new life as a blogger has reawakened my combative side, especially when you hear extremely racist comments from very famous or powerful individuals. Can you imagine being one of the many black employees of the Clippers organization? I’d probably just get up and quit, because there’s no way I’d work for someone who feels that way about my race. Money be damned.

I do believe words have the power to affect positive change and raise awareness regarding issues. As a result, I feel it’s my duty to speak out against wrinkles in the system with my existing platform. Apathy be damned.

In this post I’d like to share some perspective as an Asian minority living in America. Racism was a big reason why I decided to save so much and aggressively work on my passive income streams to achieve financial independence. The desire to have absolute choice and be beholden to no one was and still is a huge motivating factor. Perhaps readers in the end will share their motivations as well.

Earnings Beyond The Wallet: How Do You Measure Success In Life If Money Isn’t Your Thing?

Colleen Kong-SavageHow do you measure success when money is not your forté? Numbers overwhelm me. My fourth grader cruises about YouTube looking for videos on binary code, pi, and the fourth dimension. He does this for FUN at age nine, gets excited, and tries to share his newfound knowledge. When he speaks, I hear, “Ooglety bogfogf ones fndi zeroes ovoeicwi xmy diameter. Do you know what a hexadecimal system is?” No idea. For the life of me I cannot remember his height or weight. I only know that I cannot carry him anymore and that when he hugs me standing up, my chin is in his hair.

Like a lot of artists, I’m a little short on financial savvy. As a new divorcee I am all too aware that as a person without a job, I am completely dependent on the alimony my ex-husband provides. The situation is humbling—on dark days, humiliating. After nine unsuccessful months of applying for graphic design jobs, I shifted to plan B to find work as an illustrator. I figure if I’m going to spin my wheels, I may as well spin them in the direction I want to go. The clock is ticking as I struggle to establish a business before the spousal support ends.

In March I complete my first year of being an officially middle-aged person. Because I spend enough time flailing about in uncertainty, I am dedicating this post to the idea of Success. I asked friends, “How do you measure success in your life?” The most common response boiled down to “Happiness.” My friends are largely artists like myself—visual artists, dancers, musicians, film-makers. Those of us who haven’t been ground down by the pragmatics of earning a living, are still clawing our way towards professional recognition. Most artists aren’t rich, but life feels rich. While I feel shaky these days, I marvel that I am exactly who I want to be. How is that?

That Sinking Feeling Of Falling Further Behind

Sinking in sandDuring my days off from consulting work I tend to schedule other work to help me stay in touch with reality. I love teaching people who want to learn, but not so much those who are forced to learn. My tennis student is that ideal client who enthusiastically listens when I instruct her to step into her ground strokes or stiffen her wrist for a more impactful volley.

Before each lesson she politely hands me a check her mother writes for $80 dollars. I thank her without opening up the folded check and quickly place it into one of my tennis bag’s many pockets to not make things awkward. We warm up from the service line and gradually work up a sweat until the sun goes down at 6pm.

I often wonder whether she feels $80 for 1.5 hours is a lot of money as a high schooler. To me $80 feels like a healthy sum, even though I’ve been working since 1994. Perhaps it’s exactly because she appreciates her parent’s support that she’s so enthusiastic about her lessons. I remember telling myself there was no way I would do poorly in college since my parents insisted on paying.

At the end of each lesson I always feel a sense of satisfaction to have put in the effort to make a little more money and help someone get better. Often times I don’t even want to cash the check because it’s a physical reminder of accomplishment. Little wins are savored until bigger bills come due.

Moose’s gas light lit up on the way home so I decided to fill him up with some premium fuel. By the time the gas tank was full the meter flashed $79.55. It is as if the gods were mocking me. Oh, how nice it is to walk away from an evening of hard work with a net profit of 45 cents. I laughed the spite off and stopped by the grocery store for a freshly squeezed container of orange juice for $6. There goes all my earnings and then some. 

2013 Personal Year In Review On Financial Samurai

Baby mango tree

Planted a Himmayudin mango tree

Happy New Year! Time always moves faster the older we get. One day I’ll lose my mind and hopefully these journal entries will jog my memory. Although less than 20% of my life is discussed in my writing, I hope it’ll be enough to jolt the other 80% alive if I forget. If not, the thousands of pictures I take every year will.

2013 started full of promise and ended way better than expected. I was looking for a conservative 9% increase in the S&P 500 to 1,551 after a 13% year in 2012 and we closed up 30%! I became more bullish after my target was achieved in the first four months of the year and positioned more aggressively, but not enough unfortunately. It’s fun to keep predictions set all year so we can look back and see how we were feeling back then.

One of my biggest challenges all year was maintaining focus. It’s way too easy to sleep in every day, binge watch shows on Netflix, stuff my face with donuts, travel for weeks on end, and have days blur together with so much free time now that I no longer have a day job. As a result, I set one year, three year, and five year business revenue goals to minimize the amount of meandering. So far, so good. But to be quite frank I’m losing my desire to make more money. I just don’t care anymore, which is part of the reason why I left Wall St. I just want to feel useful.