Sunday, May 31, 2015

Just to make it official...

Too many hands on my time
Too many feelings
Too many things on my mind
When I leave I don't know
What I'm hoping to find
When I leave I don't know
What I'm leaving behind... 
-Neil Peart, The Analog Kid

In the current Internet climate, it seems nothing is official until it's "Facebook Official."

It is in that spirit that I announce: I'm going to retire.  This is now, once again, a Quitter's Blog.  Much like my initial pretirement in 2006, the reactions seem to range from "congratulations" to "you are a dumb sumbitch."  I guess I should expect as much.  So, with little fanfare, I will address some of the common questions that aren't already answered in the wtf.  I'll probably eventually fold them in there in some form or fashion.

Why the hell are you retiring?

Short answer: because I can.  If you had the option, would you? ("No" is an acceptable answer.)

Longer answer: There are all types.  Some people love their jobs and will work up until the point they are dead-at-desk*.  While I enjoy doing things, they're not always the same things that I get paid for.  Human life is ridiculously short.  The idea of getting up, sucking down coffee, driving an hour, then spending the majority of a beautiful day in an 8x8 cube with no view of the world... Well, as glamorous as it sounds, it loses a little of it's gleam over the years.  Tag.  You're it.  It's your turn.

What the hell are you going to do all day?

Whatever the hell I want to.  This isn't really a question I even understand.  For years, I hear people complain of their busy lives and what they'd do if they just had time.  Well: I have time.  I have a workshop that needs to be fully set up and a house that's been 80% complete for a long time.  Just tying up those ends will entertain me for the short term.

Won't you be bored?

Are you bored at work?

How long have you been planning on this?

Almost since the beginning of work itself.  I have a much beloved uncle that punched out for the last time at age 48.  While I missed the bar by a couple of years, the idea has been there for as long as I can remember.  But I've been mostly** working on it for the past 20 years. 

How in the world did you do this?

The really short answer to "How?" is: you spend less than you earn.  I know that sounds like a cop out, but it really is just that simple.  Drive an older car.  Live in a less expensive house.  Eat out less.  Buy less stuff.  Don't pay $5 a day for a 15 cent cup of coffee.  And that isn't just a way to save money now while compounding interest does awesome things.  That also means you'll need less to live on later.  That $100k of expenses you had this year might last you 3 or 4 years if you just looked at it from the right angle.  (And this doesn't mean your way of spending is wrong...  But it might be wrong if you want to retire early.)

But I'm just a snarky sonofabitch.  I'm not really a good teacher.  If you really want a nuts and bolts approach, you should probably take a look at someone like Mr. Money Mustache.  It turns out that the math is shockingly simple.  I happened on MMM well after I was on the road.  And I by no means took an extreme approach.  While I brag about being a Cheap Ass Bastard -- compared to Those of the Mustache™, I am probably a Spendy McSpenderson. 

This wouldn't work for me.  My situation is different...

That's not a question.

Dammit.  Okay.  How in the world would this work for me in situation X?

I'm not a financial analyst and you probably don't want to pay me to become one.  Are there people that just have oddball corner cases or lots of dumb, stupid luck?  Sure.  But there are quite a few cases of people making almost nothing, with a house full of kids that managed to retire MUCH FASTER than me.  If you really want advice, I'm quite sure one of them could offer it better than I.  If you're serious about it, post your details on the MMM forum and let the math geeks play with it.  But if you want to argue that it cannot be done in your situation, you've come to the wrong place.  If you don't think you can do it, you're destined to be right.

Will you ever work again?

I don't know.  I'm relatively sure I won't ever work again in the same capacity that I do now.  I'd be more interested to take lower paying jobs where I could learn a skill (cabinet shop anyone?) than leverage my existing skills.  And I might do little bits and pieces of what I do now for grins -- but at a significantly higher rate.

When's all this happen?

Both seriously and tongue in cheek: Independence Day.


*One place I worked had a database of everyone that had ever worked there across decades and their employment status: current employee, retired, fired with cause, etc.   One entry in that very large database had the status "dead at desk."  That will not be me.

**Mostly meaning: not including 2006-2009, when I felt the urge to take my ball and go home for a little while.  Again: because I could. 

Saturday, April 18, 2015

P&T: the Unreview

Three years since last post?  Yeah, I've been.... um.... busy.  I know the world weeps for my wisdom.

If you're looking for a review of the travelling Penn & Teller magic show, you're probably in the wrong place.  What you're more likely to find here is just me being a big kiss ass toward the dynamic duo.  It's not really fair for me to ask if I liked the show.  That's like asking if I like ice cream.  Or steak.  Or bacon.  You see: I've been a fan since my late teens (and I'm an old fart).  But I never knew how much of a fan I was back then... I just knew their humor and style appealed to me.

What I came to discover -- and hope to impart here -- is that their magic matters.  Oh, sure, it is a silly show full of all sorts of chuckles, lies and trickery.  But it is more than that as well.  It is true art.  And it's art with a purpose.

To really understand their impact, you'd have to understand the town I grew up in.  When I was a child, it was a sleepy little town fully entrenched and ruled by Baptists.  And I mean seriously ruled.  It was "made safe" by continuing alcohol prohibition well up until 2013.  I remember the religious leaders up in arms protesting -- successfully I might add -- to keep the heretic ideas in Monty Python's "Life of Brian" out of the cinema.  I remember city ordinances that shuttered dangerous pornography like Playboy magazine and kept it safely outside the city walls.  And all I could think at the time was how bassackwards the town was and how much I wanted to escape it.

And escape I did.  Roughly about the same time I first saw P&T's blood and cockroach infested appearances on Letterman -- I also was dabbling in that evil that we know of as Rock and Roll.  In particular: Rush -- which also had quite an influence on my young mind.  I found their intriguing ideas on art, self interest and philosophy really melded with my own forming opinions.  When I found a one-liner in their liner notes: "with acknowledgement to the genius of Ayn Rand"... I dug through bookshelves and started reading.

It was probably about 10 years ago I realized that Penn & Teller were outspoken libertarians and atheists -- well, one of them was outspoken anyway.  I stumbled upon their Bullshit! series and was hooked immediately.  And it was just a little more than a year ago that Ellie May pulled out her phone with Penn's podcast loaded and said "Spork: you've GOT to listen to this."  Just like that, I became a member of Penn's congregation.

So why do silly magic tricks matter?  They matter because I saw a room full of old Baptist geezers listen while Penn trivializes religious thought -- and they laughed and applauded.  They matter because many of these same people patiently waited 45 minutes for a 10 second photo op with them, grinning with insane childish joy.  You can tell the magic tricks matter when you hear a stranger in the crowd say "I really don't like their world view, but MAN that part with the Constitution was powerful!"

They matter because men can express their love of individual rights and their distaste for religion all wrapped in laughter and wonder.  A group that's usually thought of as lunatic fringe is the star attraction for 2 whole hours.

And maybe most of all it matters because they somehow symbolize that the backwards town where I felt oddly out of place seems to have grown up -- just a little.

Friday, January 20, 2012

To build a house, part deaux

Our exciting (?) story continues.  As you may recall from our previous episode, I talked about the what and the why of building a house using real money.  Now for the how...

The financial how is straight-forward.  I know you think it isn't, but it is.  First off, let me give you the caveat that I am not fresh out of school with a degree and an entry level job.  On the other hand, I am also not a rich banker that has just finagled a billion dollar bailout at your expense.  I'm an average Joe that's been working for 20+ years.  It's not my first house.  It's not a starter home.  I did finance those.  But even with those homes financed, I busted my ass to try to pay them down.  I always had a 15 year (or less) loan and I always targeted to pay it early.

But that's not really the point.  That's merely a disclaimer.  My point is that you don't have to be richer than god to bankroll a house.  Where does the money come from?  I am glad you asked!  It comes from everywhere!  It comes from eating dinner at home.  It comes from drinking a beer at home that costs a dollar a bottle instead of drinking THE EXACT SAME BEER at a bar for $8.  It comes from not having that latte today (and more importantly, not having it twice a day for every day of your life.)  It comes from having a phone and a computer... and not a phone that IS a computer and costs $100 a month to use.  It comes from squirreling away unexpected money.  (Your uncle died and left you a few grand you didn't expect.  You can make a nice down payment on a really nice car or drive the same paid-off car you've been driving for 10 years and put the cash in the bank.)  In short: it's a conscious effort to evaluate the total cost/benefit of things you want and need.  It's an effort to ask "how much does this cost?" instead of "how much does this cost per paycheck?" ... escaping the paycheck-to-paycheck mentality.

And there is more "how" than "how do you get the money?"...   How do you spend it on the house?

Our first idea was "buy the land first."  This is why I've been living in a tool shed for five and a half years.  We bought the land, got it paid off as fast as we could, then kept paying for it -- paying ourselves the house payment.   And since the land had a tool shed on it, we moved into it.  Granted, this is not something you want to do with someone you don't like -- it's close quarters.  I am still amazed at how much crap we managed to shoe-horn into 600 square feet.

My second idea was: don't build it all at once.  This is what we did.  We were looking to build a 3 bedroom home.  But, we built a 1 bedroom home.  However, we built the infrastructure for a 3 bedroom home.  The rest is just unfinished.

This will make your costs look really odd.  Your cost per square foot is going to go through the roof.  (The roof that was, in fact, scaled back from a really nice standing seam metal roof to just plain old composition shingles, by the way.)  But don't worry about it.  You're thinking of the total cost... and the total cost per square foot when you are done will work, okay?

The third grand idea was to be our own subcontractors.  There are lots of things that an average unlicensed guy can do: flooring, paint, finish carpentry, tile, cleanup, final grading, landscaping.  Does it take longer?  OH MY GOD, yes.  If you're not good friends with the wife, I'd breach that gap before I took this path, because you're keeping her out of her new kitchen for potentially months.  But how long does a typical mortgage take?  30 years?  I think adding 3 months to construction isn't such a big deal in comparison.

But I won't lie to you.  The biggest savings in building was painful slash and burn to our original plans.  As you start drawing, the sky is the limit.  Anything is possible.  The more you look at what you can have, the more you want.  It's a vicious cycle.  Keep that draftsman on retainer, because once you have what you want, you're going to have to cut it to what you can build.  And you won't really know how much it will all cost until you bid it out to a few builders.  Granite counters?  How about instead you browse the granite out behind the cutting shed and pick out a few remnants for the powder room?  Your mom had laminate counters and they're still looking about like they did 50 years ago.  It didn't seem to affect her character.  Three car garage?  Chef's kitchen?  Nope.  And nope.  Both of those luxuries hit the cutting room floor in a big pile of crushed dreams that is floating in a pool of tears.  And guess what?  It doesn't really matter in the end.

stay tuned... more to come

Wednesday, January 11, 2012

To build a house...

With much fanfare, I would like to point you to my profile, which has been gleefully updated.  Note that it no longer says "in a metal shed" but says "in a real damn house."  That's right, we've moved in.

I've mentioned, in not-so-much detail, that we were building a house.  And, more importantly that we had the intention of building it using a ridiculous never-done-ever method: using money.

While we were in progress, I hesitated to go into a lot of detail... partly because those sorts of details are hard for me to talk about sometimes... and, to be honest, because I wanted to know if I would succeed or not.  It's interesting either way -- failures often teach us as much as successes -- but it's often hard to know how to tell a story without knowing the ending.  Now, as the arterial rupture of money spilling on the ground trickles back to a mere mortal hemmorhage... it's time.

This might be longish... so I will be chopping it up as best I can.  There are a number of observations I'd like to point out along the way.

I shall start here with the dry, boring bits: the what and the why.

My goal (other than "Ellie gets a kitchen") was to build a nice house -- not a stripped down square box -- but something nice.  I didn't want something that looked like it was full of compromises and cutbacks (although, that was painfully a big part of the process).  We plan on being there a long time -- maybe forever -- though you never really know what curves life will throw you.  And even though I am a cheap ass bastard, we were willing to spend more in areas that we considered to be the bones of the house.  (For example, I'm willing to pay double for insulation if it pays off in 4 or 5 years.)

And, as a sworn member of the Tinkerer's Union: Sweat equity.  I like sweat equity for several reasons.  Obviously I like it because I am cheap.  But, maybe more importantly, I like it because it makes it mine.  There is a reason why Habitat for Humanity requires it for their charity work.  Getting physically and emotionally involved in the building process gives you more of a sense of ownership than writing a check.

As for "why" to do this: I have a desire to be financially independent.  Note: that doesn't mean "Bill Gates $100 bills leaking out of your pockets rich" (though this option is surely attractive).  What that means is being at a point in life where you work... or not... based on what you damn well want to do.  And by "work" I would include spending all day out in the shop at a lathe turning toothpicks out of oak trees.

FI is a mindset that seems rare these days, and sadly so.  Even in early stages of FI -- as you get closer to it, but still are not quite there -- it is a wildly empowering mindset.  Even if you're only partly there, you realize that the daily grind of your job isn't REQUIRED for everyday life.  You could quit (or get laid off) and still be okay for a long damn time.  You could discover the meaning of your life involved a master's degree in beaver orthodontia -- and have the resources to retool and pursue that goal.

And probably one of the most important tools (IMO) in becoming financially independent is: a paid off house.  There are still expenses: maintenance, utilities, taxes... but imagine all the cool stuff you could do if you didn't have a house payment.  Now imagine you DIDN'T do that stuff, but instead wisely invested that house payment for several're there.