Gold Rimmed Coffee Cup and Saucer with Montblanc Fountain Pen

Almost a decade later, and I'm still following the same patterns I developed in college that helped me work. I've almost ritualized the investing and business process by following the same steps before I set down to analyze something. The only difference is some days, I chose from the gold-rimmed collection, and other days, I choose from the "diner" collection, which are really cheap, great coffee cups I've picked up from around the world, each of which has a story.

A few days ago, Aaron got a message from one of our friends, Jimmy, at about 4 in the morning.  We were both still up working on a project that’s going to have some fairly large financial ramifications for us in about a year or two, so we happened to read it in near real-time.  Anyway, Jimmy said he wished he could come down to our dorm room, curl up on the lower bunk, as Aaron played video games and I read at my desk, drinking coffee out of a gold-rimmed cup and saucer, reading a book with a nice pen.

I just glanced down from reading a new book on the wealthy in America and happened to catch this sight, which made me laugh.  It’s funny how predictable we are as we grow into ourselves and develop patterns that work for our personalities.  All these years later, and if Jimmy were to walk through the door, the same pattern applies.  The only difference is the surroundings keep getting upgraded as the businesses thrive and reinvestment pays off for us as shareholders.

(The coffee cup thing: Since my freshman year of college, I would reward myself with something new when I reached a major business milestone.  They act almost as a self-imposed trophy system.  For instance, when I started to make real money from my Internet businesses during college, I went to Hamilton Jewelers in Princeton, New Jersey, and bought a blue, gold-rimmed William Yeoward coffee cup with saucer – the Avignon pattern- that I would drink out of every time I worked.  At the time, it was something like $212.50 or $250.00, I don’t recall exactly.  The point was, it was tangible proof that I had reached my accomplishment.  Sometimes, this included something like “add an extra 100,000 page views per week to this site …” or “max out my SEP-IRA at $9,250″, etc.  That way, when I was living super cheap, spending almost no money during college, I had something on the horizon; a payoff.  Since then, I’ve sorted of collected these gold rimmed coffee cups and saucers to the point I’m developing quite a collection.  The one that you see in the picture from a few minutes ago, I picked up at Halls Department store in Kansas City, Missouri during a trip there with Ashly and Ian several years ago.)

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My Mom at the Billy Joel and Elton John Concert

My mom at the Elton John and Billy Joel Concert

My mom at Fran's Diner in Kansas City before the Billy Joel and Elton John concert trying not to scream with excitement about seeing her "little fat man" (aka Elton John) in less than an hour. (This is the same woman, by the way, that, along with my father, started a sporting goods manufacturing company in a 200 square foot garage more than 16 years ago with nothing but a $4,500 equipment lease, while pregnant with her 4th child, growing it to one of the largest of its kind in the industry.)

My mom wasn’t allowed to go see Elton John as a kid.  She came from a very fundamentalist household and seeing a “homosexual” wasn’t something God’s people did, or so they were told.  So, she would wait up at night and watch him on television instead of going to bed.  Once she was old enough, she had all of his albums and when he walks out on stage (she’s seem him twice – once in 2005 and then again last night), she is able to get some serious volume to her screams of joy.  To this day, she is amazed that she didn’t just sneak out of the house and see him anyway because she loves the man that much.

Before we went to the Sprint Center for the Billy Joel and Elton John concert.  Aaron and I hadn’t eaten dinner, so we stopped in at a place called Fran’s Diner in the new Power and Light District in Kansas City and got a California Wrap with sweet potato fries (me) and chicken strips with traditional home style fries (Aaron).  We had to eat so fast that Aaron burned his throat and I thought I was going to choke.  The doors had opened at 6:30 p.m., apparently, but our food didn’t arrive until 6:55 p.m., so the look on my mom’s face was making us rush.  We finished the whole meal in about 5-7 minutes, including walking out the door and pre-paying the tab, along with tip, almost right after we sat down in the booth.

Kansas City Power and Light District

The new Power and Light District in Kansas City is really nice. If you ever have occassion to be in the city, I recommend checking it out, along with the Country Club Plaza.

We finally made it in the doors, and got seated.  The concert started 15 or 20 minutes late because the line was still halfway around the block.

Afterward, we stopped in at a Perkins because my mom didn’t eat before the concert (she was too excited to eat at the diner with Aaron and I and so hadn’t had anything for more than 12 hours).  She had french toast, while we talked about the concert and some of the other things going on right now with the businesses and life.

It was a great experience.  I really do love my parents.  They taught me to pursue what makes me happy and about which I am passionate.  (Random fact: My father is obsessed with Lady GaGa and listens to her at his office all the time.  Like, he loves her.)

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There’s a Good Chance That Were It Not for these Two Men, You Wouldn’t Be Reading This Blog Right Now

Billy Joel Performing at the Billy Joel Elton John Concert in Kansas City at the Sprint Center

As I was watching the concert, it struck me how these two men have influenced me life and how long it's been - even though it feels like yesterday - that I first discovered their music.

My mom, arguably as big of an Elton John fan as I am, took Aaron and me to the Billy Joel and Elton John Concert in Kansas City at the Sprint Center.  (Thanks again mom!)

My life was incalculably changed because of both Billy Joel and Elton John, as most of you who know me realize, and seeing them live together at the Sprint Center in Kansas City tonight was awesome. I had never seen Billy Joel in concert, but this was my third time seeing Elton John (the first was at Madison Square Garden in New York City in 2001 for my birthday during college, the second was in 2005).

Anyway, as a kid, I had gotten in horrible fights with my parents, my dad in particular, about being forced into piano lessons.  After a lot of struggle, and near throw-down fights, I won and quit entirely.

On January 1st, 1998, I watched a special with Billy Joel on VH1 Storytellers and I had never seen someone have so much fun playing and composing on a piano – I didn’t know it was possible.  Within a few days, I signed back up for lessons (as you can imagine, my parents didn’t fight me!) and within a few years, was really, really good.  Of course, shortly thereafter I discovered Elton John and I’ve been a super-fan ever since (we’re talking a collection of original LP’s that most people have never heard of including demo albums from when he was in his early twenties).

Later, when I left for college, a vocal scholarship paid roughly half of my $140,000 four-year university bill and I was able to test out of years worth of piano work, not to mention how much easier music theory was as a result.  I got to experience things most people cannot even imagine.  As part of my degree program, I was required to perform in the choir on some of the best stages in the world, including those in Lincoln Center – performing on stage with the Brahm’s Requiem with the Dresdan Philharmonic and Beethoven’s 9th Symphony with the New York Philharmonic at Avery Fisher Hall in Lincoln Center in my early twenties is still one of my best memories.  (I’ll find some photos from backstage and try and post them sometime.)

My Internship at Warner Music, the Record Label

Elton John at the Elton John and Billy Joel Concert in Kansas City

I used to listen to Elton John LP's on an old record player in the university library as I studied because I wanted to know how the music sounded when it was released - not re-mastered and downloaded. To this day, I still prefer Elton John on LP because there is something magical about it.

At one point during my senior year of college, one of my two internships was at Warner Music Group, the record label.  I asked to be in contracts department because I wanted to understand how the business side of the industry worked.  One of my jobs, as a lowly intern, was shoving publishing royalty statements into envelopes after matching them to a list.  One of the things that still makes me laugh is that everyone – even Madonna – was referenced either by their full name or their production company (e.g., Madonna Ciccone or Boy Toy Productions for Madonna or Sword in the Stone Publishing for Tori Amos), except for Cher.  Her statements literally said “Cher”.  That was it. (more…)

The 3 Things I Learned from Good Hair by Chris Rock

Chris Rock Good Hair Movie

Good Hair, a movie by Chris Rock is definitely worth the investment. Take the time to watch it.

Tonight, as I reviewed the new price discounts for the MOA Team Supply wholesale business that Mount Olympus Awards is launching, I watched a movie called Good Hair by Chris Rock.  I always enjoy his projects because 1.) he’s intelligent, 2.) he has the tact to make social commentary palpable to most people through his delivery, and 3.) I usually learn something completely unexpected whenever I watch or read something he’s done.  On top of that, his interview style is easy, which is a real talent.  He’d make a kick-ass professor in a communications department at a university somewhere when he retires.

The Three Things That I Took Away from the Good Hair Movie by Chris Rock

1. I had no idea that “black hair” was even an issue.  I mean, what the hell is a hot comb?  And why would anyone put chemicals on their head that can dissolve a Coca-Cola can?  The men don’t seem to be that interested in it, so this seems like one of those things that women perpetrate on women through societal expectations. (more…)

 

I Love My Friends

Aaron sent me a bunch of old photos from college, and here’s one from sophomore year.  I had somehow gotten horrible food poisoning from the campus cafeteria and hadn’t been able to eat in days.  I was out – as you can tell from my hair – and felt like someone had smacked me with a semi-truck.  Anyway, once I recovered on the third day or so, Ellary and Ashly showed up at the door with a gourmet Black Forest chocolate cake to celebrate from a store down the street.  That way, my first solid food in days could at least be something tasty.  You know life is good when you have people that secret away to buy beautiful cakes just to make you feel better.

black forest cake in college from friends

I think I had to even save the cake for a day or two later because I still couldn't eat very much.

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People Who Are Drowning in Student Loan Debt

Victims of the Student Loan Industry or Irresponsible Borrowers?

Sallie Mae Master Promissory Note

The master promissory note from a typical Sallie Mae loan is ONLY TWO PAGES! I went through it and highlighted the sections that clearly spell out all of these "predatory" policies that "cheat" people out of their money. It's clear, in black and white, exactly what will happen if you don't make your payments. I'm sorry, but if you're too freakin' lazy to read two pages and you sign your name to the document without understanding it, how can anyone feel sorry for you (unless you had health problems because then you get a pass because you didn't do anything wrong)? You agreed to the terms and it explicitly explains how it will happen. You can click the image for the full-screen, highlighted version of the Sallie Mae Master Promissory Note. If you don't pay the balance, and interest is capitalized (added to the principal) so that you start to pay interest on interest, of course the balance can go from $25,000 to $300,000 over 20 years, just like an investment account can compound. It even says in plain English that they will apply any payments to the interest and penalties first before paying down your balance. If you didn't like those terms, WHY DID YOU TAKE THE MONEY?!

I was reading a site called Student Loan Justice as well as a piece at the Huffington Post where people are talking about their “overwhelming” student loan debt that is – wait for it – $15,000 or $30,000.  Basically, less than the value of a car.  Or a couple both of whom smoke a pack of cigarettes each day for five to ten years. Or 4 to 8 months of pre-tax income for the average American household.

Rational, full-grown legal adults who have the power to vote actually made a decision to borrow money, pay interest for the cost of “renting” that money, and then when it’s time to repay, want the government (read: everyone else, including you and me) to pony up the money because it’s cutting into their standard of living.  One guy on the site, not that long out of college, complains that he has a $1,250 per month payment and can’t live in New York City.  Then get the hell out of one of the most expensive cities in the world! I read a study a few weeks ago that showed New York was the single most difficult metropolitan area for a new college graduate to build wealth.  If you choose to take on a situation where the odds are against you, don’t complain when you don’t win.  Choosing your battles is the first and most important part of coming out ahead in life, just as it is in war or any other undertaking.

Maybe I’m not sympathetic because, as you know, both Aaron and I, as well as most of our friends, were first-generation college students that had to pay our own way through school (complete with a $140,000 price tag for each of us over four years). (more…)

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