Category Archives: MONEY

I Command You To Grow!!

Society grows great when old men plant trees whose shade they know they shall never sit in.

I love synchronicity – the Jungian idea that events are “meaningful coincidences” if they occur with no causal relationship yet seem to be meaningfully related. This Spring, I started reading Mike Michalowicz’s book ‘The Pumpkin Plan’. The central idea of his book is that business people should be more inclined to trim away customers to focus solely on their best customers in order to grow them, and their company, to the biggest size possible. Mike likens this business focus on the best customers to a farmer who tries to trim away all pumpkins on a vine to a select one or two in order to grow the biggest pumpkins possible. This Rhode Island farmer’s pumpkin grew to 2,261.5 pounds!! What?!?

Speaking of books, I currently have two books for sale on Amazon if you’re interested: ‘The Lean Startup’ and ‘Sprint’.

Growing is what Spring is all about. For some reason, this Spring in particular has had me focusing inordinately on growth: growing my own vegetables, growing my income, growing my net worth, growing my muscles, growing my cardiovascular strength, growing my family bonds, helping my employer grow. Every day I think about GROWTH. How can I grow more? How can I get bigger? How can I 10x my life??!?! I’m done shrinking!!! I look at the earth – not the World as a whole, but dirt – and biological organisms and how life literally springs forth from it every Spring. No matter what man does to the planet, seemingly, life still springs forth every year. The life force is so strong on earth. Life wants to grow! Life must grow! It can’t be stopped. That’s what this planet does – springs forth life and growth – and humans are no different.

My girlfriend and I started a garden in our back yard a few weeks ago. It was back-breaking work. We got covered in dirt and mud. It rained as we worked. Our backs and hands hurt. I could barely stand upright the next day. It felt awesome. We now have spinach, beans, herbs, bee-balm, tomatoes, potatoes and cucumbers growing. We also have planters of grape vines, black berries and blue berries growing. Despite our lack of farming skills and knowledge, the earth continues to spring forth life. The energy to give life, emerge and grow is unstoppable and everywhere. It’s awesome to think that we humans are products of this energy.

We didn’t stop at a garden in the back yard though. I bought some land down in Southern Virginia this Spring so I could grow even more life! My family and I were down there last weekend (West of the Richmond area) planting Apple, Plum, Cherry and Oak Trees.  We also seeded Sun Flowers, Wild Flowers, and some other seeds.  If we let the land sit for long enough without intervention, trees and weeds of all sorts would eventually take over the land. I am trying to impose my own growth plan and will on the land instead by determining what life I say will grow there.  Why must we grow Fruit and White Oak trees and Sun Flowers, JC? Because I said so, that’s why.  I command it to grow!!

Also in the last few weeks, I discovered this guy, CT Fletcher, and how he uses the phrase, ‘I command you to grow!’, to grow his muscles as he lifts weights. He commands his muscles to grow! Why? Because he said so! It’s his ‘Magnificent Obsession’! This is genius! CT has learned to envision the change he wants to affect in his life, and to impose his will over it to make it so. Can I do that too? Can you?

My new mantra when I look at my Bank Account, my Gardens, my Trees, my Relationships, AND my muscles is: ‘I command you to grow!’ Why JC? Because I said so, that’s why!

Apple Developer Program: Room For Improvement

I’ve wanted to learn to make iOS Apps for some time, so I finally bit the bullet and bought a Mac Mini, downloaded Xcode, and started programming. I’m getting to the point where I want to deploy and test my app on my own iPhone (rather than run in a simulator), but in order to do that, you have to join the Apple Developer Program so you can appropriately sign and deploy your App to real iPhone and iPad hardware. And boy, what a pain joining this program is!

I should qualify this statement…I’ve joined the Apple Developer Program before as an individual. Everything went through ok then, but i never got around to actually building an App. This time, however, I decided to F.O.C.U.S – Follow One Course Until Success – and to actually build an App this time. And this time, I decided to join the Apple Developer Program as a Corporate Entity; you know, with designs of becoming a Billion Dollar Unicorn. Apple gets funny with Corporate Developer Registrations, seemingly. They require that you have a DUNS Number. Ok, whatever. I’m used to bureaucracy. I went and got me a DUNS Number. But for some reason, it took weeks (in reality, months) to associate a DUNS number with my Company in Apple land. Dun and Bradstreet told me to wait a few weeks, after updating some key email and phone number information, before trying to enroll in the Apple Developer Program again. So I waited…and waited…and I’m still waiting…

After waiting entirely too long, I tried to enroll again. This time, Apple complained that my credit card was being rejected. Really? Ok, so I tried another credit card. Rejected again. Really???? I logged in to both credit card accounts. Sure enough, successful charges from Apple on both for $99, but for some reason, Apple would still not let me enroll in their program:

What would Steve Jobs do?

At this point, I am quite flustrated. Of course I will press on, because I am committed to this project and to learning iOS development. But I never had this much problem getting an Android App out into the Google Play Store…I expect much more of Apple.  This process should have been absolutely thoughtless and painless.  But it’s a good reminder of how difficult and tenuous it is to build a company on top of another company’s technology.

EDIT (2/16/2017): I called Apple today and was unable to resolve the technical problem behind registering online, so I registered for the Developer Program over the phone this afternoon.  Part of my urgency in getting this registration done was because I wanted a shot at attending WWDC2017 this year.  Registration for WWDC2017 is by random selection to members of the Developer Program in good standing as of 2/16/2017 at 0530am PST.  I registered online the evening of 2/15/2017, but it failed due to technical problems with the Apple website (my credit cards are fine).  So I’m hoping I can still figure out a way to get in good standing for possible selection to WWDC2017.

Interest Rates And ‘Stacking Benjamins’

A lender contacted me last weekend about refinancing my home.  It seems interest rates have fallen roughly half a point since I first acquired the liability I call home.  But half a point isn’t quite enough for me to go through the pain of refinancing a mortgage, so I told the lender I’d sit tight for a while.  In response, the lender tried to educate me about impending interest rate hikes in December and that I’d be throwing lots of ‘Benjamins’ away if I failed to take advantage of this opportunity.  Ultimately, I think I’ll wait to refinance until a little while later, and here’s my rationale for doing so…

I’m not an economist.  I am simply a middle-aged guy doing his level best to save and prepare for a retirement…of sorts…sometime in the fairly distant future.  And I struggle to understand the intricacies of macroeconomics much less how to save for my own retirement at the microeconomics level.  The differences between microeconomics and macroeconomics seem closely akin to the differences between physics and quantum physics, except in reverse.  Ok, what?  Like, I am trying to understand how the decisions made by ‘Big Whigs’ at the macroeconomic level affect how well I can manage the money I am personally in charge of (microeconomics).  I am pretty sure macroeconomic decisions impact me directly, like in the case of my home refinance opportunity, but how exactly those decisions impact me and even how and why those decisions are made are not quite so clear.  So I am very interested in the ‘big picture’ and how Federal Reserve decisions, with regard to interest rates, impact my life, your life, and our present and future.

Today, the Federal Open Market Committee (FOMC), chaired by Janet Yellen, met to discuss the possibility of rising interest rates before year’s end.   The FOMC seem to say roughly the same nebulous things at each meeting, which makes me wonder about what is truly driving their decisions.  I don’t think the Federal Reserve cares much about people with microeconomic concerns (i.e., concerns such as paying for milk and gas each month much less the mortgage).  Why would they?  They are not elected officials of the people of the United States.  So here’s how I think interest rates are going to play out…

Take a look at the following chart of interest rates in the US since interest rate data have been collected:

Federal Interest RatesThe chart shows, as Grant Cardone has so eloquently pointed out to his listeners, a significant trend…to ZERO!!  In fact, interest rates have pretty nearly done bottomed-out already.  So maybe we get another tiny bump on interest rates in December, but past that, I think we are headed into negative interest rate territory.  I agree with Grant Cardone’s analysis that there is no way interest rates can go up.

I believe the key to understanding the Federal Reserve’s guidance on interest rates is driven not by the strength of the US Economy and Inflation, but instead by the National Debt.  Whoever holds cash benefits the most from rising interest rates.  Right now, many countries hold alot of cash, in the form of notes or I.O.U’s, sold by the United States to pay for things like Wars, seeking-out Weapons of Mass Destruction in Iraq, and then Reconstruction and keeping the Government open for business.  The result is a mountainous debt (thanks to former President Bush (Republican) and current President Obama (Democrat)).  If interest rates do go up, these foreign note holders get more and more leverage as their notes become more valuable.  Simple math says you stand to collect more money if someone is willing to pay you 5% for the dollars you hold over 1%, for example, when your note becomes due.  If interest rates go down, cash and I.O.U’s become less and less valuable.  In fact, if interest rates go down enough, say into negative territory, people and entities holding cash may have to pay someone else for the privilege of holding cash.  Think about that!  The bank could conceivably charge you money to keep your cash in their bank!  You know, kind of like 401k programs do now…sort of.

So, rates may go up some in December, although I’m not sure why they would.  If the real drivers of Federal Interest Rate Policy is the minimization of National Debt obligations, then interest rates cannot go up until the US National Debt is greatly reduced.  Therefore, I think the FOMC is going to lower interest rates even more, and I think they may even go into negative territory soon.  The upside of interest rates going negative is that you might get paid to have a mortgage?!?!

I think there is still some time to consider mortgage refinancing.