Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

May 22, 2019

Take Responsibility

I thought it was an interesting sign in the office.

Responsibility: At the end of the day, you are solely responsible for your success and your failure. And the sooner you realize that, you accept that, and integrate that into your work ethic, you will start to be successful.  As long as you blame others for the reason you aren't where you want to be, you will always be a failure.  - Erin Cummins


While I agree that we have to take responsibility for our lives and do the work hard to achieve success, at the same time, we obviously aren't in control of everything. 

We have to play the hand we're dealt in life and make the very best of it.  Whatever challenges that we have, they are there for us to learn from, grow from, and become better human beings from. 

Also, success means different things to different people--for some it's money, power and honer; for others it's physical fitness and dashing good looks; still some care more about travel, experiences, partying, and having a good time; and yet for others it's about G-d, family, country, and good deeds.

Whatever we want to achieve requires dedication and hard work from our end, but also a generous dose of prayer and good fortune for "the stars to align."  ;-)

(Source Photo: Andy Blumenthal)
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May 4, 2019

Getting The Biggest Bang For The Buck

So I had the opportunity to sit in on a colleague teaching a class in Performance Improvement. 

One tool that I really liked from the class was the Impact-Effort Matrix. 

To determine project worth doing, the matrix has the:

Impacts (Vertical) - Improved customer satisfaction, quality, delivery time, etc.

Effort (Horizontal) - Money, Time, etc. 

The best bang for the buck are the projects in upper left ("Quick Wins") that have a high impact or return for not a lot of effort. 

In contract, the projects that are the least desirable are in the lower right ("Thankless Tasks") that have a low impact or return but come at a high cost or lot of effort. 

This is simple to do and understand and yet really helps to prioritize projects and find the best choices among them. ;-)

(Source Graphic: Andy Blumenthal)
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April 11, 2019

Black Hole--What's Really Important?

Amazing beautiful photos of a black hole from 55 million light years (311 million trillion miles) away. 

It measures about 25 billion miles across--about the size of 29,000 suns. 

If this doesn't make you (with all the money, smarts, good looks, and ego to match) feel small, nothing will. 

We are but a speck of dust in this vast universe (maybe not even that). 

Perspective is in order for your life and what it means. 

Forget the money-grubbing and honor-seeking.

Realize what's really important is what you do in terms of choosing right from wrong and good over evil in every small thing you do.  ;-)

(Photo Credit: Event Horizon Telescope)
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April 4, 2019

Selling CRAP

I just thought this was an interesting acronym that Amazon uses for selling unprofitable knick knacks.

They call it:
CRAP

It stands for:

Can't Realize A Profit. 

Sometimes, you see people buying stuff, lots of stuff, and it's not important--often, it's all a lot of junk. 

But they like to shop--bordering on shopsholics' compulsion. 

Maybe they don't even have a lot of money for this stuff.

However, just the act of buying it--of having some control in their lives and some freedom of the purse--makes them feel good and buy and hoard more and more things. 

Likely it ends up in Goodwill, recyclables, the attic, or the trash. 

Is it crap?

Well you can't make realize a profit on it. ;-)

(Source Photo: Andy Blumenthal)
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March 13, 2019

Not A Level Playing Field

Yesterday, dozens of wealthy parents were charged in a pay-to-play scheme.

To get their kids into choice colleges, prominent lawyers, business people, and Hollywood stars paid millions of dollars for bribes, bogus exam scores, and fake athletic achievements. 

Uh, let's give Bobby just a little extra advantage and he'll do just fine...

But while some people pretend to be so shocked that this is going on, the truth is that we all know that it's definitely not a level playing field.

All I have to do is drive by the local Mansions in Potomac, Bethesda or Chevy Chase, Maryland or in Northern Virginia and see the extravagant homes, schools, shopping, and neighborhoods, and you know there are the forever haves and the have nots. 

As the old adage goes, "Money makes money!"

If you are born with a silver spoon in your mouth in the U.S., the chances are you will stay that way

Having the assets, information, connections, and opportunities seems to bode quite well for those who leverage it.

The worst part is that those who have these things often really believe that they are better or more deserving than others.

Can you see the nose elevated and those snooty eyes staring down on you? 

Wealthy parents cheating the system and paying off others to get their kids into the best schools--a surprise?  

Not a chance.

What the real surprise here is...that this time, they got caught.  ;-) 

(Source Photo: Andy Blumenthal)
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February 9, 2019

Choosing Good Over Vice

Please see my new article in The Times of Israel, called "Choosing Good Over Vice."
But yet, if everyone would just act out on each other based on their unbridled wants and desires, oy vey what a truly terrible world that would be...From uncontrolled desires for food, drugs, alcohol, gambling, honor, money, power, sex, and more–it seems like everyone has their little secret fetish. Whether it's coming from their head, their heart, or down below...the key questions is how much can they control themselves.

However, inside us, our soul, like the Ten Commandments in the Holy Ark, guide us so that we aren't just animals chasing game or tail, but are human beings trying to become angels.

(Source Photo: Andy Blumenthal)
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November 16, 2018

Advertising Platforms As A REAL Business Model?

So I read in the Wall Street Journal yesterday that 3 major technology companies get over 80% of their revenue from advertising:

These companies and their percentage of advertising revenue are:

Facebook - 98.3%
Twitter -- 86.4%
Alphabet (Google) -- 86%

It's a wonderful thing how advertising pays for the wonderful free Internet services. 

Looking back to when I was a kid, I guess that how we got all those marvelous TV shows without having to pay for a cable subscription. 

But what I always wonder in the back of my mind is whether collecting advertising dollars is a REAL business. 

Yeah, sure these companies are mammoth and have made themselves and their shareholders gazillions of dollars.  

But somewhere I keep telling myself this doesn't quite add up. 

If you make something of value then someone is willing to pay for it. 

If it doesn't have value then you have to give it away for free. 

If facebook or twitter actually charged money for their service, I can't imagine anyone would actually pay squat for it.  

Google is another story, but if they started to charge, you'd just go to a service like Explorer or Safari that doesn't.

So if the only way to provide the service is to shove advertising down your customer's throats, again I have to ask is that really a business. 

If I can't see how a company can sell something based on the VALUE they are providing, honestly it's not something that I can really get myself behind. 

Out of the three companies--Google is perhaps the only one that I can see as a real something. 

As for Facebook and Twitter, despite the Presidential tweets and Russian interference in our elections, I don't see the underlying greatness. 

Maybe I am way wrong, but if you don't want to pay for it then what the heck is it really worth! ;-)

(Source Photo: Andy Blumenthal)
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November 7, 2018

Bills, Health, and Purpose

So I wanted to share some wisdom from one of my best friends. 

He was telling me about some of life's stresses at work, home, etc., and he said even though every looks forward to retirement "one day," the problems don't go away. 

He mentioned some examples of people he knows that retired relatively young and with a pension.

Nevertheless, he said:
They still worry about bills, about health, and mostly about purpose!

And even though they don't have the day-to-day grind in the office, he said:
Their own stress is as real to them as mine is to me.

I couldn't help reflecting on his words and thinking how smart this was. 

No one has it all!

Everyone is this world has fears, worries, and problems. 

And you know what?  It's okay.  

Life is about us confronting what seems unconfrontable and becoming better human beings because we did. ;-)

(Source Photo: Andy Blumenthal)
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October 26, 2018

A Window and A Mirror

Thought this was a wonderful story on our perspectives in life. 

And how money can corrupt our vision of what is truly important. 

This is the story:

A rich man became ill. 

He looked out the window and saw his old friend who was a poor man. 

The rich, sick man invited the poor man, his friend into his house.

After talking awhile, the rich man asked the poor man to tell him what he sees. 

The poor man told the rich man to go over to the window and asked:
What do you see?

The rich man said:
I see men, women and children in the street. 

Then the poor man took the rich man over the mirror and asked him:
Now what do you see?

The rich man taken aback for a moment, said:
I see myself.

The poor man says:
Ah, that is the difference. Both the window and the mirror are both made out of glass. But when you look into them, you see different things. The window is just plain glass.  But the mirror is glass covered in silver. When we look through just the glass, we see others!  But when we look through the glass tainted with a coating of silver (i.e. money), we only see ourselves.

Wow! Think about it a moment. Shabbat Shalom!  ;-)

(Story adapted from Bishvil Ha-Ivrit)

(Source Photo: Andy Blumenthal)
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October 25, 2018

It's Not Really Yours

You can't live without money, but you can't just live for money. 

Didn't someone say, "Money is the root of all evil."

Of course, it's not money itself that is bad, but the greed for it, and the use and hoarding of it for selfish purposes. 

On this topic, my daughter sent me this interesting story:
One business tycoon in China passed away. 
His widow, was left with $1.9 billion in the bank, and married his chauffeur.
His chauffeur said: "All the while, I thought I was working for my boss... it is only now, that I realize that my boss was all the time, working for me!"
We can have all the money in the world, but it's never really ours. 

It all belongs to G-d, as does our entire life. 

He decides what we have or don't have (any longer). 

We need to realize that life is ephemeral and all material things are given to us just for the time being. 

We should be generous with whatever bounty that G-d has given to us, because in the end that is all that is truly lasting. 

(Source Photo: Andy Blumenthal)
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October 20, 2018

Shabbat Shalom and Good Luck On The Jackpot

Please see my new article in The Times of Israel, called "Shabbat Shalom and Good luck on The Jackpot."
So the Mega Millions jackpot is up to an astonishing $1.6B! This is the largest lottery in U.S. history. Instantly you become one of the richest people in the world. At the kiddush after shul today, it didn't take long for the conversation to hit on the upcoming lottery drawing. 
Read about it--it was funny! ;-)

(Source Graphic: Andy Blumenthal)
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August 9, 2018

Why Can't People Be Genuine

Why all the phonies, users, shysters, and scammers out there?

It starts perhaps with that big, warm smile.

Maybe a handshake and hug. 

Perhaps, you even get a kiss or two (it's cultural, I think, LOL).

Colleagues, friends, you're just like family.

Sometimes it's real and you truly found something valuable in your life.

There are good people of soul and conscience out there. 

But other times it's an act, a sham, deception, you're the fool. 

The other person wants something--cash, control, connections.
Oh by the way, can I ask you for just a "little" favor?
You wouldn't mind if...?
Just do XYZ for me, I got your back. 
I see you know so and so, would you introduce me?
I have a great investment opportunity for you, let me tell you all about it.
Sure it's okay and actually wonderful in a real relationship for people to be there for each other and help each others..."that's what [real] friends are for!"

The problem is where the friendship is only about the ask for the benefit of the other and no care for you as a person. 

Then the smile isn't a genuine collegial or friendship one of happiness and outreach. but rather it's upside down to get you to do something legit or illegit for the person pressing their lips up and out into that smile you already know is all about the ask. ;-)

(Source Photo: Andy Blumenthal)
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July 26, 2018

Pet Rock 2018

So when I saw this colored rock last evening, it made me think two things:

One, cool idea, looks nice and fun to make.

Two, it reminded me of the Pet Rocks in the 1970s that made millions (this one was hippie even though those back then weren't actually even colored).

A business guy came up with the idea to sell smooth rocks from Mexico beach and market them as pets.

Yeah, they are so lovable and easy to care for!

It was one of the great branding and marketing events of the 20th century.

Who would think people would actually spend money on a plain dumb rock that you could basically pick up off the street?

But incredibly, putting the rock in a box with holes (so the rock could breath) and sitting it on a little stack of hay with an joke of instruction book for caring for your rock, SOLD. 

And in fact, over 1,500,000 rocks were sold at a pop of $4 each.

The guy became a millionaire and got rid of a truckload of worthless rocks.

Yes, "One man's garbage is another man's treasure!"

But surely this was getting a little ridiculous.

Hey, I'll give you a nickle for the shinny painted rock in the photo here. ;-)

(Source Photo: Andy Blumenthal)
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July 20, 2018

How Angry Do You Get?

Anger is one of those emotions (like jealousy) that can clearly get the best of people. 

Hence, the term anger management!

The Talmud teaches that there are 3 ways to know a person's real character: 

- Koso, Kiso, and Ka'aso.

From Aramaic to English it translates as:

- Cup, Purse, and Anger. 

In other words...

Cup--When a person "drinks," this is how they handle their alcohol and how they act when physically (or perhaps emotionally) inebriated or as we say, "When the wine goes in, the secrets come out!" Are they jumping on the bar, ripping it all off and saying and doing the inappropriate and profane or are they able to recognize their point of weakness and ask someone for a ride safely home. 

Purse--This is how a person handles money (and power). Materialism of people speaks volumes. Are they cheap, misery, and narcissistic or compassionate, caring, and giving to others.  

Anger--When a person is angry, this is often when their "true colors" show.  Do they get mean, bullying, abusive, and violent--do they go for the throat and the kill or are they situationally aware, measured, and do they listen, understand, and are they able to cope well when "under the gun."  

Focusing on the anger piece...

It's easy to get angry, and it's also easy to look for a scapegoat and let it out on people that really have nothing to do with why you're really angry. 

Maybe people can't always address their anger with the true source, maybe they don't even recognize their feelings fully, or have no idea how to safely release and reset.

In any case, anger is a dangerous emotion if not dealt with. 

Many mistakes are made that cannot be undone when people lose their cool (or sh*t, as now seems more commonly said). 

Thoughts on this...

Take a breath, slow down. 

Evaluate what's really going on

Think about whether it's truly the end of the world or not. 

Assess the options for coping with it. 

Look for ways to deescalate and resolve. 

If necessary, seek help from others.

Finally, where possible be compassionate and forgiving. 

And where not, cope, cope, cope--and survive another day!  ;-)

(Source Photo: Andy Blumenthal)
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June 7, 2018

That's Some Pricey Garbage Art


So we stopped in this gallery in Palm Beach.

And there lay this piece of "art".

Well, I'm not sure--is this really art?

The proprietor explained that this is made up of scrap pieces of metal from the garbage dump like from old discarded automobiles. 

The artist welded the garbage together, painted it, and voila there it is--some very pricey art. 

Who pricey you ask.

Take a guess.

No really. 

No, you're too low. 

Try again. 

No, you're still too low.

Not even in the ballpark. 

Okay, I'll tell you, but only because you asked so nicely.

It starts with a 95.  

No, not $9,500.

No, not $95,000 either. 

That's right $950,000!!!

All this "art" can be yours if the price is right. 

Can anyone say "irrational exuberance" again? ;-)

(Source Photo: Andy Blumenthal)
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May 31, 2018

Trace Amounts of Cocaine

So this is a funny story from today.

I had a wonderful opportunity to tour a couple of labs at NIST today.

One of them does work in contraband detection.

The scientist asks if anyone has any money in their wallet.

I pull out a dollar and hand it to him.

I ask him what happens if he finds any traces of bad stuff on the money from me.

He says, "A cage will fall from the ceiling" and I'll be in big trouble.

Uh, we all laugh a little.

He unfolds the money and puts it into the machine that looks for the contraband.

Oh sh*t, it comes up in the "red"--positive for cocaine.

Someone else says jokingly, "A little leftover from the weekend?"

I joke back, "Na, It's from this morning before work!"

Ha, ha, I think. 

It turns out the scientist explains that 90% of our currency actually tests positive for cocaine

I'm wondering whether this is a commentary on drug use and even the opioid epidemic in America.

The lab director explains a theory that the automated money counters spread traces of the drugs from bills and contaminates the other currency.

Aside from this little experiment today, I got to learn so much about creating standards for contraband detection systems and equipment and in another lab about magnetism. 

It is unbelievable how smart these scientists are--they are so unique and of the best in the world.

I am so happy to be able to learn from them even if it's contraband on money. ;-)

(Source Photo: Andy Blumenthal)
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May 22, 2018

@Flagler Museum




































(Source Photo: Andy Blumenthal)

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