New Year’s Eve

Brian reminded me that I have forgotten to post a picture he took of me last month. He and Candace and Dave and I went to the Strip for New Year’s Eve. Brian, Candace, and I had never done so before, despite all growing up in Las Vegas. Picture of me on the Strip with two new friends Like you might imagine, it was a madhouse — all the I-15 exits were blocked off as well as the entire Strip from the Stratosphere to Mandalay Bay, and there were people from wall to wall. We obviously didn’t fit in real well since we abstained from drinking, so for most of the night we sat on the retaining wall of the Flamingo’s planter box and watched people walk past.

A couple of girls that walked past were noticeably disappointed when we replied to their catcalls using all the appropriate syllables and enunciation — “ahhh, you guys are sober!”. (Sorry to let you down.) Then Brian dared me to take a picture with the next girls to walk by, presumedly knowing that drunk people like being in pictures, and this is the picture he snapped.

That single New Year’s on the Strip was enough for me — I won’t be repeating that evening. But at least I’ve got a memory with two new friends. Too bad they won’t remember me.

richard miller

AAPL

I bought Apple stock a couple of weeks ago — 7 shares anyway. It was the week of Steve Jobs’s keynote at MacWorld San Francisco and it was pretty obvious he would have a lot of new products to introduce. Ironically, the stock price dropped from $70 to $62 during his keynote. I was watching minute-by-minute updates (well, delayed by 15 minutes) on Yahoo Finance during the keynote itself. I had hoped to buy stock before the keynote, but Scottrade didn’t deposit the money in my trading account until the next day, and that turned out to be better anyway. I bought 7 shares at $64 each. (And Scottrade lives up to its promises as a discount broker — it was just $7 flat to make the trade, and there are no commissions or ongoing fees.) Now AAPL has been over $70 for the last week and today it closed at $72.25. I am feeling pretty good about it. The best news, however, is that today Piper Jaffray classified AAPL as an “outperform” and predicted it would reach $100 per share. If that’s true, after I pay the brokerage fee and capital gains tax, I think I’ll have made enough profit to buy two movie tickets.

richard miller

Finance lesson from Kellogg’s

Do you ration your raisins?

On Saturday I went to SLC with some friends for a financial services seminar at the Salt Palace. When I heard about it on the radio and called in for free tickets, it was being advertised as a seminar by the authors of The Millionaire Next Door. We were excited about that. In the end (at least what we saw of it) it was a fancy-pants salesman trying to get us to sign up for an investing/stock-market information web site. Not that there is anything wrong with getting information on the stock market, but implying that we could *all* easily make a fortune in the stock market seemed to defy the laws of economics.

As I understand it, one of the authors of The Millionaire Next Door spoke later that afternoon. I’m sorry we missed it (though we couldn’t have stayed.) The book was quite good. Without any hype or empty promises, the book objectively reports on severals trends found to be common among all millionaries — frugality, work ethic, usually in business, usually not looking the part of a millionaire. Our consumption-driven society needs fewer seminars about making it big in the stock market, and more seminars about being frugal and controlling our expenses. I believe that all college students, even liberal arts majors*, could be millionaires by retirement if they chose to save money appropriately. It’s just not sexy to save.

So here’s the finance lesson from Kellogg’s (actually Malt-O-Meal.) As I was eating my Raisin Bran tonight, I found myself rationing the raisins. If I scooped a bite that had too many raisins in it, I would let some of them drop back into the milk so I could save them for later when the flakes would be plenty. And the flakes are always plenty. But as I got to the bottom of the bowl, I found there were more raisins than flakes! Every spoonful brought up several raisins. I felt like I didn’t deserve them; I had been fine eating just one or two raisins per spoonful. But they were mine, because I had saved them. Sweet treasure. (Think what would happen if raisins could compound over time while they were sitting there at the botom of the milk.)

Frugality is a virtue not because it leaves us with a sum of money over time but because it changes our natures so that we want less and are more thankful and satisfied with what we have. It counteracts lavishess and overindulgence.

* From my finance professor, who also said “Go out and make some money with your business degree!”: What’s the difference between a liberal arts major and a large pizza? A large pizza can feed a family of four. (Ha ha so funny)

richard miller

Anti Pornography Campaign

During the Christmas break, I received a junk email (spam) with am extremely offensive pornographic image. It was a direct assault on everything wholesome and good in my life — a nuisance of the vilest kind. I changed my settings in the Apple Mail program to only show images in emails after I’ve clicked “OK”, so I shouldn’t ever have that problem again. And I’m fortunate not to have had that problem often, but I decided it was just one too many times. I want revenge.

I decided I am going to launch an anti pornography campaign. I’ve studied serial killer Ted Bundy a bit and I know he was highly influenced by pornography. He grew up in a good, Christian home where his parents worked hard and didn’t smoke or drink. Before he was executed, he said his atrocities couldn’t be blamed on his family. But as a boy, he found smutty magazines in a dumpster near his house and thus “dove into the trash”. He became more and more consumed by porn and required harder and harder material to satisfy himself. Eventually the coarseness of his pornographic diet led him to rape and kill 36 women. (Thirty-six is the official count; some believe it may be more than 100.)

And he’s not the only one. Many a serial killer were influenced by pornography — Gary Bishop, Jeffrey Dahmer. Surveys tell that those who view pornography feel an increased desire to commit rape. Undoubtedly pornography is even sewing the seeds of a future serial killer today. Pornography is everyone’s problem — it’s a societal threat that could ruin us if we let it.

It’s ridiculous to say, “I have the right to view pornography in my own home. It is my business. Like illegal drugs, pornography usage by *anyone* affects *everyone*. Playboy ought to be as illegal as cocaine. We breed tomorrow’s serial killers and rapists today by letting pornography spread through our society. In the meantime, marriages are destroyed and homes are broken. I’ve seen very few episodes of Friends, but several of the ones I’ve seen included “light-hearted” and “fun” references to pornography. But the story always stops there. They never show “Chandler the rapist” or “Ross the serial killer” — those don’t make for fun shows.

I told Dave and Brian about my idea over the break, and they both liked it and seemed glad to help. Dave, who just graduated from BYU in advertising, even put together some rough drafts for billboards. You can see his drafts at http://www.richardkmiller.com/apc/.

Originally my intentions were to save this campaign for a few years down the road when I can entirely fund the campaign myself, but Dave and Brian have changed my mind — I think we can do it now. We’ll look into prices of renting a billboard in Las Vegas, and then we’ll start fund raising. We certainly need it now.

richard miller

fellow planner extraordinaire

I mentioned before that I’m hunting for the perfect to-do list or productivity app. Still looking. But I have found a fellow blogger that seems to share the same problem as I — spending so much time trying to arrange my life to be efficient and productive that I neglect just doing what needs to be done. I overplan and underproduce. Hopefully between the two of us we’ll find a solution. You can find his blog at www.43folders.com.

P.S. Even the name of his blog (43 Folders) is a reference to a productivity technique. The idea of using 43 folders — just plain, manilla, file folders — is that you have 31 folders for each day of the month and 12 folders for each month of the year. Then whenever you get a bill to pay or a task to do and you don’t want to take care of it today, you simply slip it into the folder of the day you want to take care of it this month. If you don’t want to take care of it this month, you slip it into the month folder of the month you plan to do it. Then each day you have to remember to look at that day’s folder and take care of everything in it. And on the 1st of each month, you open that month’s folder and put everything into one of the 31 day folders.

richard miller