Does Frugality Matter If You’re Rich?

“A 2015 study showed that one-third of American households with an income of $75,000 or more live paycheck-to-paycheck … and 44 percent of those households claimed that lifestyle purchases were to blame for their lack of financial progress.”

“According to a 2015 poll, which surveyed 1,044 investors, one in five respondents with investible assets of $100,000 to $1 million dollars agreed they carried too much debt and said they live paycheck to paycheck. Worse, 1 in 10 respondents with assets of $1 million to $10 million were in the same boat.”

“In the same poll, 45 percent of respondents with investible assets of more than $100,000 worried they wouldn’t have enough money to last through retirement.”

Personal Capital Blog

Packing

Screen Shot 2016-05-16 at 11.22.26 AMAn acquaintance is a firearms instructor and holds classes for those who want to get a permit to carry a concealed weapon. Attending one of these is a requirement in Missouri although it sounds like that might change. The state legislature passed a bill making such training unnecessary. Or so I’ve been told.

I don’t own a sidearm and have no interest in carrying one, concealed or otherwise, but I attended the morning session of one of these yesterday. We saw two hour-long videos by a self-defense attorney in Kansas City. The first hour explained the Missouri statute on concealed carry, and the second hour was about self defense laws in general and Missouri’s “castle defense” in particular. The attorney did an excellent job of making some complex shit mostly understandable.

Frankly, I was amazed that anyone would still want to carry a gun after watching the videos. I came away convinced that most people are far more likely to spend time in jail for misusing a firearm than successfully defending their home or person. But that’s just an opinion.

The afternoon session (I didn’t stay) was spent on the firing range. If I understood correctly, to get a permit you had to be able to put X number of shots into a target from a certain range. Most folks succeed I think.

Couple of takeaways. One, in Cole County, Missouri (where I live) the local sheriff processes 17 applications a day for concealed carry permits. Some of those are renewals but if only half are new permits that’s what… 2,000 a year? My other takeaway came when during the morning break when about 15 of the 20 people in attendance stepped outside to suck down a couple of cigarettes. Since most of these folks were getting permits to carry a gun so they could protect themselves, I found it strange they were not fearful of lung cancer.

All and all, it was an interesting morning and I came away with a slightly better understanding of the concealed carry mindset.

A finite amount of attention

“Perceptual Load Theory states that we have a finite amount of attention and that once that capacity is maxed out, we cannot process anything else. To test whether paying attention to radio traffic reports can be bad for our driving, Gillian Murphy asked 36 people to drive a route in a full-sized driving simulator while listening to a traffic update on the radio.”

Listening to the radio could impair drivers’ concentration

Regrets

regretsI have a theory about regret. We are less likely to admit regret for actions that cannot be reversed. I think it might even be impossible. In the latest episode of House of Cards, Claire Underwood is asked (by a woman) if she regrets not having children. Claire answers with, “Do you regret having children?” Sssssnap. It’s damned difficult to find a parent that will admit they sometimes wish they had not had children. I suspect the same is true for tattoos. No matter how ugly or fucked up the tattoo, I’ve never heard anyone say “Wish I hadn’t done this.”

Thinking about water and oxygen

We’re getting a nice, slow rain here in mid-Missouri this morning. And I am grateful. I never used to give much thought to rain — or in this context, water — but I no longer take having abundant drinking water for granted. Or try not to. Part of this a growing awareness of the droughts in the western US. And, yes, I know drought has been a global problem for a long time. But a couple of science fiction novels have also contributed to my newfound awareness.

In Neal Stephenson’s SEVENEVES water (ice in space) was essential to survival. Same for The Expanse series by James S. A. Corey (pen name of authors Daniel Abraham and Ty Franck).

I frequently find myself thinking more about plants (while taking a walk or sitting on our deck). Who thinks about oxygen, right? People in space think about it all the time. So rain on!

Illiteracy in America

“According to a study conducted in late April by the U.S. Department of Education and the National Institute of Literacy, 32 million adults in the U.S. can’t read. That’s 14 percent of the population. 21 percent of adults in the U.S. read below a 5th grade level, and 19 percent of high school graduates can’t read.[…] The current literacy rate isn’t any better than it was 10 years ago. According to the National Assessment of Adult Literacy (completed most recently in 2003, and before that, in 1992), 14 percent of adult Americans demonstrated a “below basic” literacy level in 2003, and 29 percent exhibited a “basic” reading level.”

What Made The Aeron Chair An Icon

Screen Shot 2016-03-03 at 9.44.21 AMI don’t think much about office chairs these days but when I did I was of the opinion there were only two kinds: really bad ones and really good ones. And like most companies, the two I worked for purchased the bad ones because they were cheap. And before the Aeron, I suspect most of the expensive ones were pretty bad as well. Wheels always falling off or locking up; the seats were wobbly; hard to adjust.

A few years before I retired took some of my savings and bought myself an Aeron chair to use in my office at work. I think I paid north of $1,000 for the thing but I’ve never regretted it. It’s as good as its reputation. The design is based on the following tenants:

  1. A chair should be perceived as comfortable before, during, and after sitting upon it. Comfort is as much a matter of the mind as of the body.
  2. A chair should enhance the appearance of the person sitting upon it.
  3. While allowing postural movement, the chair should also embrace the body.
  4. The chair should provide correct support for the sacrum as well as the lumbar region of the spine.
  5. The chair should provide a simple means for height and angular adjustments. A chair should be friendly to all parts of the body that touch it.

My Aeron is in my home office now.

Old Reservoir Dog

Playing with photo editing tool called Tonality. One of the effects gave my ghostly visage some color it has never had. A bit startling. I’m sure an experienced Photoshop hand can create effects like this all day long. As an amateur, it’s fun to have tools like this.