Tag Archives: Finance - Page 6

The “have it” habit

At dinner tonight, I had the opportunity to train a new employee.  Not directly, but because nothing I ever do is simple, they got to experience exceptions to the order-taking routine.  At the close of the transaction, I was going to say something to the effect of “Enjoy your employment, lucky person” but decided against it.

As I ate, I considered this a little further.  I’m (still) employed.  I’m doing ok.  But at the same time, I’m a responsible employee and a quick learner.  I could have that job!  And since I’m still employed, I’m more desirable to employers because it shows I can keep a job.  I should have that job.

But what kind of flack would I take for doing something like that?  I’d be taking jobs away from someone who really needs one.  “You already have a good job.  Stop hoarding the jobs, jerk.”  This transitioned my thinking into class warfare: the “have’s” and the “have not’s”.  I think this needs revision.  It’s the “have not’s”, the “have enough’s” and the “have more’s”.  See, I want to advance from “have enough” to “have more”.  And I could, because I’m not currently in the “have not” crowd.

But like I said, that’s not really fair.  The rich get richer, as they derisively say.  I would be suppressing the “have not’s” – the class below me – from advancing to the “have enough’s”.  So, in order to spread some of the wealth, I will take that job.  And another.  And maybe another.  Then I will outsource my jobs to another person who could not get the job on their own.  Wait, it’s not really outsourcing, is it.  Insourcing?  No, not that either.  No, it’s reverse subletting.  I am going to sublet my jobs at a lower wage and take the difference as a “convenience fee”.  It works for property, why not jobs?

But as usual, I’m so far behind the times.  Of course, this is already done with day laborers, contract positions, and other temporary positions.  But those are all handled by businesses.  Businesses run by rich people.  The “have more’s”. Once again, I’m getting held back by the man.  It’s so hard to get ahead anymore.  Woe is me.

Financial Voyeur

I am developing a strange addiction to watching financial news.  It’s sadly like other people’s obsession with celebrities.  I say that because financial news is generally crap.

It just seems that the headlines take the current headline and use that to explain the days movement of the market.  Like yesterday it was "Oil rises above $40 on Mideast tensions" and today it’s "Oil drops below $40 over world economic concerns".   I don’t think they have any clue.

I know it’s unhealthy to watch the markets daily, but like a voyeur, I never take action on what I see, it’s just filler, junk, vapid nonsense.

So anyway, that’s my confession.

The American Dream

Part of The American Dream is supposed to be owning your own home.  I am a homeowner and was a long-time renter.  Recently, I noticed a chart in MS Money that made me take notice.  It was the "Net Worth Over Time" chart.

NetWorth

Can you tell when I became a homeowner?  It was February 2007.  The beginning of a steady climb in my net worth.  Prior to this, I was a renter, and the chart shows, my net worth growth was pretty stagnant.  Sure it went up as I put more in my retirement accounts and paid down debt, but not like the climb after becoming a homeowner.

Some argue that the expenses of owning a home outweigh the benefits, since rent covers all housing expenses.  As the chart shows, even with the expenses of a house, the value still grows.  This is equity.  When you buy a house, you have a property worth $x.xx, but you have a loan worth $x.xx, too.  It’s net zero.  Current housing conditions aside, as you pay down the loan, one side of the equation goes down, and one remains constant.  Whereas when you rent, you have property of $0.00 and a loan of $0.00.  As you pay your rent, neither side changes (for you.  It does for the rental property owner). You remain at zero.

I just thought I’d make a small post to say that this small visual reminder showed the value of home ownership to me.