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The Strap on my Montblanc Star Chronograph Automatic Broke (Another Lesson in the Time Value of Money)

August 18, 2010 By Leave a Comment
Montblanc Star Chronograph Automatic Watch

When I was 22 years old, or thereabouts, I bought a Swiss made Montblanc Star Chronograph Automatic stainless steel watch from Borsheim's during the Berkshire Hathaway shareholder meeting.  I wanted something that would last, God willing, for the rest of my life and would remind me of when I was young, just starting out, and successfully building my first businesses and got to hear Warren Buffett and Charlie Munger speak to me as an owner of one of the greatest companies in history.  It was an … [Read more...]

Filed Under: My Life Tagged With: , , , , , , ,

Department Store Sales Make Me Really Happy

March 14, 2010 By 2 Comments
JC Penny Ties and Dress Shirts

Although I'm normally a Nordstrom's guy myself, I have to say that after reading an article a few years ago (The Wall Street Journal or The Financial Times maybe?) about the vastly improved quality of department stores suits such as the J.C. Penny brand thanks to the use of expert tailors in Hong Kong for a fraction of the price and trying out the difference for myself, I have been genuinely shocked at how good the improvement is.  I waited until a 50% off sale and bought a couple of suits for … [Read more...]

Filed Under: Saving Money Tagged With: , , , , , , , , , , , , , , ,

Misconceptions About Wealth

February 8, 2010 By 6 Comments
Pinot Grigio White Wine

How The Marketing Industry Continues to Convince Average Americans They Know What a Millionaire Looks Like A few days ago, I quoted something from one of Dr. Thomas J. Stanley's books: "In the United States, there are three times more millionaires living in homes that have a market value of under $300,000 than there are living in homes valued at $1 million or more." For the past few days, I've been studying more about average household income in the United States and, specifically, the … [Read more...]

Filed Under: Making Money Tagged With: , , , , , , , , , , , , , , , ,

The Importance of Frugality in Building Wealth

February 4, 2010 By 3 Comments
Switching to Folgers coffee was an example of frugality.

I was up until 6:30 this morning reading Stop Acting Rich ... By Thomas J. Stanley, Ph.D., the author of the incredibly successful The Millionaire Next Door and The Millionaire Mind.  It's remarkable because so much of what the "average" millionaire did to achieve his or her wealth is exactly, precisely the same things I, and members of my own family, did to become financially independent.  The premise of the book is that most people get in financial trouble trying to emulate the purchasing … [Read more...]

Filed Under: Making Money Tagged With: , , , , , , , , , , , , , ,

David Oscarson Releases New Pen Series

August 15, 2009 By Leave a Comment
David Oscarson Consider the Liles Black Pen

Sweet!  David Oscarson released the next installment of his pen series called Consider the Lilies.  They were inspired by Luke 12:27 when Christ said, "Consider the lilies, how they grow. They toil not, neither do they spin; yet I say unto you, Even Solomon in all his glory was not arrayed like one of these.” Here's the company's official statement on the pens: Marking our Tenth Anniversary, the Lily Collection speaks of our gratitude for all that is virtuous, beautiful and pure. In a … [Read more...]

Filed Under: Watches & Pens Tagged With: , , , , , , , ,