Timing the Market

I have heard many people say that you shouldn't try to time the market.

So being the contrarian that I am, today I'm going to try and time the market.

By the market I mean the New York Stock Exchange.  It should open around nine thirty and close around four or so.  But we'll see.

If everything goes as planed there will be six and a half hours to buy as much ownership of companies as I can.  It is a good time to buy no matter which hour I purchase more ownership in.  This is because, as J.L. Collins puts it, the market always goes up.

There is no such thing as Early Retirement

I'm guilty of falling into the trap of thinking that people can retire early.  That simply isn't true.

Retirement happens when you've earned enough passive income to cover your expenses.  Age has nothing to do with it.  You are now working because you want to, not because you have to.

There is nothing early about retirement.

This was on my mind due to the recent article that claims because people are living to be over 100 years old, it should be law to push back the retirement age to 70.

It is insanity to think that people want to spend their longer lives on working for the man.  Its like they just don't understand what motivates people to live longer lives at all.

Here is the reality and I'll say it again, retirement happens when you earn it.  Some earn it as a teenager by being a trust fund baby.  Some earn it in their 20's or 30's.  Some in their 60's.  But don't let anyone take that away from you.  There is no way that I am working longer to…

Steve Jobs did not take his privilege for granted

I've been listening to Steve Job's commencement speech.  He talks about how he was privileged enough to have his parents pay for his college, but since college wasn't doing for him what he thought it would, he dropped out.

Wow, just wow.  I mean how many immature losers would have simply kept going on their parents dime?  Count me as one of them.

My favorite quote from the entire speech is, "Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose.  You are already naked.  There is no reason not not follow your heart."

This man even recognized that his life is a privilege, which is truly amazing.

Another man that didn't take his privilege for granted is Joshua Kennon.

On his personal blog he posts about advice privilege that he received from his parents.  He tells about how that privilege helped to liberate him in his life.

Yet another person I know pushes her beauty capital privilege to get paid…

Why do the poor people give money to charities?

I'll just come out and say it, I do not give money to charities.

Luckily there is an internet between the reader and myself, because if I were to say this face to face I'd quickly lose any respect from the person I'm talking to.

Yes there are good causes, and yes in the future when I can afford to give then I will.

But while I'm stuck down here in povertyville making minimum wage I have absolutely no business doing it.

Its like trying to provide a place to sleep for a friend.  First of all I gotta build the financial house up before I can help them.

There are some people who give 10%+ of their money every week, and it just baffles me.

"But I only give whatever is extra."

Listen, until you are financially independent there is NOTHING extra.    Every single dollar needs to go towards building your financial house.

It may feel good to help someone else's family.  But if it comes at the cost of my own family, then its a no go.

Wish my character was stron…

The Rich ARE Getting Richer

When I was drinking a beer, the rich were out there getting richer. When I was chasing skirts, the rich were out there getting richer. When I was playing games, the rich were out there getting richer.  When I was educating myself, the rich were out there getting richer. When I was at church, the rich were out there getting richer. When I was learning how to defend myself, the rich were out there getting richer. When I was trying to impress my boss, the rich were out there getting richer. When I was fighting the punk who elbowed me in a basketball game, the rich were out there getting richer. When I was just surviving, the rich were out there getting richer.
That's what they do.  Its time to seriously consider what I'm doing and why it ain't getting richer.

Taking Responsibility for Yourself is not the Answer

There is a disturbing trend I see among the self help books.

They are all full of BS phrases like "you've got to make a choice to get rich," or "if you're in poverty it is because you didn't want riches enough."

Just shut up.

I didn't sit down and make a choice to live in poverty.  I choose to do the right things to get rich.
I didn't sit down and make a choice to be fat.  I chose to do the right things to be fit.
I didn't sit down and make a choice to be single.  I chose to do what I was supposed to do to be popular.

And I sure as heck didn't sit down and say "Gee, today I'm going to be as irresponsible as possible and hurt myself and my family as much as possible."  Heck no.

So if you got nothing better to say then "You control your own actions" or "You chose to have a heart attack" then just shut up.  Quit writing books.  Quit giving speeches.  Go away, you're not helping me.
Yeah I know I can…

Hard Work Does Not Lead to Success (Your Employer Won't Help You Reach Your Goals).

I've heard it my whole life, that you go to work for a good company, and then that company is supposed to take care of you and your career.  The good paying job is there because as you look after your companies wants, they look after your wants.

But I just haven't encountered it yet.

When I worked at Walmart I saved them over $140,000 in shrink and made them over $150,000 selling additional items to customers that wouldn't have otherwise thought to buy the items.  What did that get me?  A forty cent raise.

While working at my current job I've saved them over a quarter million dollar in inventory that would otherwise have been scrapped.  I've put in no less then 60 hours a week for over a year and a half and never missed a second.  This has also got me a forty cent raise.

So no, doing a good job will not get you rewarded.  It will not move you to early retirement.  It just doesn't matter how much money you make someone else, they will not give you any cut of i…