Back in the Saddle Again!

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Ah, the joys of sitting atop the multiple horse equivalent of internal combustion, casually doing ovals around a track of flowing (and growing) green. Now that the boy is safely ensconced in university environs (if you can call doing a term project in Panama “safe”), I am now able to return to my weekly therapy. Others may call this a chore, but I look forward to mowing the lawn and the wonderful thoughts awaiting me as I go round and round from here and back again.

Besides, to paraphrase Robert Duvall’s Lieutenant Colonel Bill Kilgore, “I love the smell of freshly cut grass in the morning” (or afternoon, whatever the case may be). And while Francis Ford Coppola may have been calling his inner Joseph Conrad while making Apocalypse Now, I can’t help but call my own inner Gene Autry as I mount up and ride Continue Reading “Back in the Saddle Again!”

The True Legacy of Ben Franklin’s Last Will and Testament

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The following represents a chapter excerpt from the forthcoming book From Cradle to Retirement – The Child IRA – How to start a newborn on the road to a comfortable retirement while still in a cozy cradle (Pandamensional Solutions, Inc., September 2017). If you know of millennials (or baby boomers) who are parents (or grandparents), especially if they own their business or are part of a closely-held/family business, you may want to encourage to pre-order the book through Kickstarter project: “Child IRA Book – Is Your Child’s Future Worth $1,000 a Year.” Professional might want to take a look at and back this project, too, because it offers several low-cost opportunities to brand their business in this large and growing market.

Ben Franklin may have been teased into starting twin 200-year trusts in Boston and Philadelphia, but he nonetheless realized a great idea when he saw one. He even recognized the potential obstacles that might present themselves to those tasked with executing his grand plan. More important, we now recognize that, all other things aside, Franklin should be applauded for his eternal optimism in the nation he helped found.

The history of his legacy trusts – The Franklin Trust of Philadelphia and the Franklin Foundation of Boston – instructs us on both the power of compound interest and the dangers of relying on public officials to manage money for the long-term. We might even Continue Reading “The True Legacy of Ben Franklin’s Last Will and Testament”

Ben Franklin Trusts – Did They Work?

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The following represents a chapter excerpt from the forthcoming book From Cradle to Retirement – The Child IRA – How to start a newborn on the road to a comfortable retirement while still in a cozy cradle (Pandamensional Solutions, Inc., September 2017). If you know of millennials (or baby boomers) who are parents (or grandparents), especially if they own their business or are part of a closely-held/family business, you may want to encourage to pre-order the book through Kickstarter project: “Child IRA Book – Is Your Child’s Future Worth $1,000 a Year.” Professional might want to take a look at and back this project, too, because it offers several low-cost opportunities to brand their business in this large and growing market. 

The ever meticulous Benjamin Franklin sought to control at least a portion of his wealth from his grave. That particular bequest (in 1790) – 1,000 pounds sterling each to the cities of Boston and Philadelphia – came with specific directions as to its use and disbursement. These instructions covered a period of 200 years. How close did the beneficiaries stick to Franklin’s instructions? How did this loyalty – or lack of loyalty – to the grantor’s final wishes leave the final estate at the end of Franklin’s 200-year time period? Finally, what does the legacy of Ben Franklin’s Last Will and Testament tell us about ourselves, our nation, and our collective financial literacy?

Franklin calculated the value of each fund would be £131,000 at the end of the first Continue Reading “Ben Franklin Trusts – Did They Work?”

Solar Eclipse, 1970 – A True Story

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Saturday, March 7, 1970 – Leisure Lanes, Camp Road, Hamburg, New York. I’ll never forget that day. It was the first time I remember having to make a very difficult choice. It was a wrenching choice. It was an agonizing choice. It was the kind of choice no one ever expects a nine-year old boy to have to face.

Yet I did. And I can blame no one for it except for myself, the expectations I had placed on myself, and the subsequent expectations I had encouraged others to, well, expect of me. Nonetheless, the way I approached the decision appears, in retrospect, to have become the template I have since used for all such future conundrums.

By that point in the latter half of fourth grade, I had become the de facto astronomer of the class. Yes, there was actually a competition of this exalted position, and I was determined Continue Reading “Solar Eclipse, 1970 – A True Story”

The Virtues (and Vices) of Deadlines

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What kind of student were you? The kind that got all your homework done before school ended so you could play guilt-free the whole weekend, or the kind that played all weekend and crammed your homework assignment in that space of time between Sunday dinner and bedtime?

Sorry if I just caused tonight’s nightmare for you. No doubt these questions bring up horrible memories for those who the phrase “no more pencils, no more books…” was last uttered decades ago. Similarly, those still subject to the school bell probably wish to avoid these questions the same way they want to avert their eyes from the coming weeks’ advertising circulars trumpeting all their “back to school” sales.

It could be worse folks. I could write just another ad nauseum piece on the latest hearsay Continue Reading “The Virtues (and Vices) of Deadlines”

A Lament for All the Nobody’s Out There

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I showed up unannounced (and a day early) at Chris Collins’ office at 1117 Longworth. Actually, I was under the mistaken impression the “11” of “1117” represented the floor. There is no 11th floor in the Longworth building, which I discovered only after the elevator doors closed. Fortunately, a kind lady told me the first “1” represented the building and the second “1” represented the floor.

When I arrived at his office, Collins wasn’t there. He was on the House floor voting on, as near as I can tell from the daily record of July 18, 2017, a series of otherwise mundane amendments. Somebody probably thinks they are important. Maybe even Collins. I didn’t bother to ask. Ironically, I didn’t think it was any of my business.

I say it’s “ironic” because everything Congress does is, quite literally, “the people’s business.” It’s just that I’m so accustomed to thinking of myself as a nobody that Continue Reading “A Lament for All the Nobody’s Out There”

Breadcrumbs of Unfinished Symphonies

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This is the fourth and final part of an older brother’s eulogy to a beloved younger brother.

LEGACY [leg-uh-see]

Merriam-Webster: 1: “a gift by will especially of money or other personal property” 2: “something transmitted by or received from an ancestor or predecessor or from the past.”

The gift seemed rather small for the usual Christmas gift. Still, my brother tended towards the creative in his gift giving, so I unwrapped the present in anticipation of experiencing one of those “big things come in small packages” moments. As I tore and crumpled the colored paper, I could only guess what was inside. Opening the tiny box revealed… a generic Christmas tree ornament.

I could see Kenny smiling broadly, as if this was the gift I had always wanted. My somewhat tentative “thank you” only made his grin grow larger. As I looked at him, something struck me about his beaming face. It seemed more of a “I know something you don’t” kind of smirk. Or rather, a “But, don’t you get it?” smile of self-satisfaction.

This was confirmed when he plaintively said, “But, don’t you get it?”

I didn’t. But now I suspected I should have gotten it. I looked again at the ornament and couldn’t figure it out. I failed to come up with anything in our shared life that the sled referenced.

Seeing my consternation, Kenny’s face returned to the “I know something you don’t” smirk. “Read it,” he said.

I looked once more at the sled. Though a standard-issue mass-produced Christmas decoration, I suddenly noticed a carefully handwritten addition printed on the faux wood Continue Reading “Breadcrumbs of Unfinished Symphonies”

Exploring New Personal Characters

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College isn’t so much about learning as it is about discovering. Sure, we explore a particular field of study because we find it intellectually stimulating. The true exploration, however, is the journey we embark upon within our very souls. The newfound freedom that comes with the college experience and the attendant releasing of inhibitions allows us to realize – and, if we are fortunate enough, become – the character we’ve always wanted to become. And if it turns out we don’t like that character (or simply grow out of it), we can shed it immediately upon graduation. (Of course, we always retain the option to dust it off and put that cloak back on come reunion time.)

For a variety of good and not-so-good reasons, high school presents itself more as a Continue Reading “Exploring New Personal Characters”

What is the “Content Economy” and Why are We Headed There?

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A classmate of mine recently posted the following on Facebook along with a picture of one of those new order kiosks popping up across the county: “Greeting the future of fast food at McDonald’s on River Road in Bethesda. Sure hope the whole ‘coal’ thing works out for everyone, since there won’t be any jobs here before too long.”

Now, before you get started, yes, this is a liberal friend (I proudly remain friends with those of all political persuasions). But let’s ignore the “coal” comment and focus on the “future of fast food” statement. The evolution to the fast food kiosk was predicted when states started raising the minimum wage. It would have happened sooner or later (just like the auto-attendant has replaced the receptionist). The higher minimum wage just hastened the inevitable. It starts with the front of the counter with order takers. For fast food places, expect to see automation in the kitchen, too. This is Continue Reading “What is the “Content Economy” and Why are We Headed There?”

Playing Through the Pain

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Warning: Parents, doctors, and youth sports administrators may find the following quite disturbing.

It’s a classic “guy” thing. Playing through the pain. It’s also a throwback thing. It harkens to an era when (especially football) coaches would admonish you for dogging it on account of a presumed injury. These coaches themselves reflect an even earlier epoch, one where boot camp drill sergeants berated new recruits, pushing them up to and then beyond their physical limits.

We can’t do that anymore. We now live in a sissified society, constrained by both the very real fear of catastrophic liability claims and an unnatural craze that decries all things alpha male. There was once a time – from our Continue Reading “Playing Through the Pain”