This is a review of the 2009 animated feature Cloudy With a Chance of Meatballs starring the voices of James Caan, Neil Patrick Harris, Benjamin Bratt, Mr. T, Bill Hader, and Anna Faris.
Plot Summary: A timeless tale adapted from Ron and Judi ...
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Drive-By Movie Review: The Machinist
This is a review of the 2004 movie The Machinist starring Christian Bale and Jennifer Jason Leigh
Plot Summary: Trevor Reznik is a factory lathe worker who can barely tell whether he exists anymore. He hasn't slept for a year and he is so thin he is ...
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Killer Asteroid? Personal Finance Strategies For the End Times
You're traveling through another dimension, a dimension not only of sight and sound, but of mind. A journey into a wondrous land whose boundaries are that of imagination. That's the sign post up ahead, your next stop...The Personal Finance Twilight Zone.
So I was reading this story yesterday about a man who quit his laboratory job for a French oil company in 2006 so he could begin preparing for what he believes will be the upcoming end of the world. In fact, he basically sold everything he had and invested his money and time in trying to prepare for the coming apocalypse.
Imagine that.
This guy is absolutely convinced the world will end on December 21, 2012.
His evidence? An ancient Maya cyclical calendar that runs out on that date, supposedly with catastrophic consequences. He also refers to the ancient Egyptians, who, he claims, saw 2012 as a year of great change. And he points to a NASA prediction of a sharp increase in the number of sunspots and sun flares for 2012; he believes the spots will lead to widespread electrical failures and satellite disruptions.
Is this guy up a tree? Probably. Okay - yes, yes. He's a total nut job.
What is really sad is if the end of the world fails to come in 2012 as he expects, the only Armageddon this guy is going to be dealing with is the one that relates to his personal finances.
And that's too bad for him.
Yeah. Heh. What a kook. Sheesh. Some people.
Yep, yep, yep. (sigh)
Then again...
What if he is right? What if the world was going to end?
Such a scenario got me thinking about how I would look at my finances if I knew the exact day the world was going to end. Would I handle them any differently than I do today?
For me, the answer is, "it depends on the time horizon."
Let's first assume we did know with total certainty that the world was doomed to end, but instead of the final day coming on December 21, 2012, it was set to arrive twenty years later in 2032.
Exactly how would the world end? Your guess is as good as mine, but for the sake of argument, let's assume astronomers identified a very large killer asteroid that was virtually guaranteed to collide with Earth on December 21, 2032. And unlike what we saw in the movie Armageddon, Bruce Willis and Billy Bob Thornton wouldn't be available to save the Earth from total annihilation.
On December 21, 2032, it's all over - except for the cockroaches.
Boom boom...out go the lights.
Such a scenario begs a lot of questions with respect to how we would handle our personal finances.
For example, would you quit or change your current job? Would you change how you handle your 401(k) contributions? What would you invest in? Would there be anything worth investing in?
What about your obligations to your creditors? Would you continue paying your mortgage and credit card bills?
And would you sell your house and become a renter because owning real estate would look a lot less attractive? (And you thought you had it bad when you found out your house sits on land subject to an emphyteutic lease.)
After thinking about this particular scenario for a long time I came to the conclusion that, for me, very little would change.
I would keep my job, and I would also continue to contribute to my 401(k) just as I currently do. Assuming I knew the exact date that the world would end, I would try to go about my life as usual, saving enough money such that I would have enough to comfortably retire a dozen years in advance of that fateful day.
In terms of how I would spend my money, it would really be no different than if I didn't know a killer asteroid was going to obliterate the planet.
I may be naive here but I also suspect, for the most part, the world would continue functioning in a business-as-usual mode too if for no other reason than it would have no other choice.
Now let's take the other extreme on our time horizon. Let's assume that our ex-lab worker's intuition is absolutely spot-on and our end-of-the-world time line is significantly shorter. Instead of twenty years out, the date of our killer asteroid impact coincides exactly with the end of the Mayan calendar on December 21, 2012.
This time my retirement would obviously be much shorter - but the good news is it would also be much more extravagant! With such a short time line I, like that lab worker, would immediately quit my job and cash in all my chits with the aim of living an extremely comfortable lifestyle between now and the end of 2012.
Of course, I am once again assuming society would maintain some semblance of civility during this time.
As long as that assumption holds true, the goal would be to spend my money like there was (almost) no tomorrow, until my last dollar was spent on December 21, 2012.
I find it just a bit ironic that, as far as my personal finances are concerned, knowing the end of the world was relatively close in time might just allow me to live the opulent lifestyle I would never dream of living otherwise.
So How About You?
How would you handle your finances if you knew the exact date that the world was going to end?
I think the set of potential answers are as wide as the ocean is deep.
And so you there have it. The poles of fear. The extremes of how Earth might conceivably be doomed. Just a minor exercise in the care and feeding of a hypothetical nightmare. Respectfully submitted by all the asteroid watchers... in The Personal Finance Twilight Zone.
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Drive-By Movie Review: Breach
This is a review of the 2007 movie Breach, starring Chris Cooper, Ryan Phillipe, Laura Linney and Denis Haysbert.
Plot Synopsis: Based on the true story, FBI upstart Eric O'Neill enters into a power game with his boss, Robert Hanssen, an agent who ...
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Is LifeLock and Its $1 Million Guarantee A Sham?
By now, most everybody has heard or seen the ubiquitous ads by LifeLock where its founder and chief executive officer, Todd Davis, intimates the impenetrable fortress-like quality of his identity theft protection service by brazenly giving out his ...
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Drive-By Movie Review: Suspect Zero
This is a review of the 2004 movie Suspect Zero, starring Aaron Eckhart and Ben Kingsley.
Plot Synopsis: An FBI agent gets called in to investigate a strange murder. When the trail leads him to the suspect, he realizes that he has been drawn into a ...
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Why Rechargeable Batteries Are Rarely Cost Effective
I was standing in line at a local electronics store the other day when I struck up a conversation with the guy ahead of me who had a basket full of battery chargers and AA rechargeable batteries. It turns out he had decided to replace all of the ...
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The REAL Cost of Owning Wireless Mice and Keyboards
When the Honeybee and I bought our last computer, there was quite a debate over whether or not we should pay the extra money for the added convenience of a wireless keyboard and/or mouse. The fear, of course, was in the uncertainty of whether or not we would end up spending a small fortune over the life of the computer buying replacement batteries.
We ultimately decided to Heck with it (wherever that is) and went the wireless route, not only for the convenience, but also because of the neatness that comes with having two less wires attached to our iMac.
Of course, being the financial nut that I am, I decided to track how often I changed the batteries so I knew how much I was paying on top of the premium I originally paid for the wireless devices.
For the record, our keyboard and mouse get heavy use; I would conservatively estimate that our computer is in use, on average, ten hours per day.
So with that information in mind, here is a summary of all the battery changes for our wireless keyboard and mouse since we got our new computer approximately 18 months ago:
So how much money has that set us back?
If you buy in bulk like we do, you can get quality AA alkaline batteries for 40 cents each in reasonable quantities for the average household. That means we have spent only $18.40 plus tax for our wireless keyboard and mouse batteries in a year and a half. Excluding the original premium, of course, that comes out to only a dollar per month - well worth the convenience over their traditional wired counterparts, if you ask me! :-)
In fact, that cost is so low it certainly doesn't come close to justifying the initial charger and battery costs we would have to pay to switch over to rechargeable batteries.
In my next post I'll not only explore why that is so, but I'll also address why rechargeable batteries actually make less financial sense than many people think. :-)
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Drive-By Movie Review: The Soloist
This is a review of the 2009 movie The Soloist, starring Robert Downey Jr. and Jamie Foxx.
Plot Synopsis: The true-life story of Nathaniel Ayers, a former cello prodigy whose bouts with schizophrenia landed him on the streets after two years of ...
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The 10 Most Overpaid Jobs
Oh, am I going to make some enemies today. ;-)
Last week I did a very well-received article on the 10 most underpaid jobs. Today I tackle the other, more controversial, side of the coin - the 10 most overpaid jobs.
First I want to apologize ...
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Drive-By Movie Review: Duplicity
This is a review of the 2009 movie Duplicity starring Clive Owen, Julia Roberts and Paul Giamatti...
Plot Synopsis: A pair of corporate spies who share a steamy past hook up to pull off the ultimate con job on their respective bosses.
The Honeybee: ...
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The 10 Most Underpaid Jobs
Most everybody thinks they're underpaid for what they do. But in reality, there are a handful of select jobs where this claim is especially true. Here's my take on the 10 most underpaid jobs. Unless otherwise noted, annual income figures are based on data from the U.S. Bureau of Labor Statistics.
After reading this list, if you think I've overlooked a particular job (like yours), please leave a comment and let me have it with both barrels. Just keep the profanity and ad hominems to a minimum.
10. Janitor
Average Annual Income: $23,500
Annual Income If It Were Up to Me: $45,000
Appreciation Meter: Office outcasts rarely invited to workplace birthday celebrations and promotion parties.
Why They're Underpaid: In office buildings and schools all over the world, janitors quietly go about their job of picking up everybody's mess. Their work is usually done behind the scenes, so it's easy to overlook the fact that they often have to deal with some really messy clean-ups like throw-up and excrement. When they leave work the place is spotless. They do this knowing the next day they'll just have to it clean up all over again. Talk about a Sisyphean challenge.
9. Youth Sports Referee/Umpire
Average Annual Income: $28,330
Annual Income If It Were Up to Me: $50,000
Public Appreciation Meter: Slightly above the small pox virus, but one notch below dog poop. Okay, okay -- two notches.
Why They're Underpaid: Without these extremely tolerant men and women, there would be no organized sports leagues for our kids. Despite that fact, the next time you want to pick-up a few fresh insult lines that would make a sailor blush, stop by your local park and take in a youth sports competition. When you consider all the abuse that these referees and umpires take on a daily basis, it is a wonder that anybody actually aspires to be in such a position in the first place.
8. Little League President / Board Member
Average Annual Income: $0
Annual Income If It Were Up to Me: $35,000
Public Appreciation Meter: More likely to be approached by folks carrying pitchforks & torches than "thank you" letters.
Why They're Underpaid: I was a Little League President for two years, so I know what I am talking about here. For a volunteer, the hours are extremely long - upwards of 40 per week. Everybody is always upset at you, calling at all hours of the night to complain about trivial things. And when you're not acting as the League's pin cushion you're playing psychologist, soothing the bruised egos of parents who all think their kid is the second coming of Derek Jeter. Good times.
7. Nurse
Average Annual Income: $65,130
Annual Income If It Were Up to Me: $150,000
Public Appreciation Meter: Not too bad, actually.
Why They're Underpaid: This job often requires a cast-iron stomach and entails very long hours with sometimes-grumpy and uncooperative patients. I say anybody who has to assist with surgeries, change bedpans, insert catheters, give injections and sponge baths, and provide other general care and comfort to the sick and injured on a daily basis is almost by definition, underpaid.
6. Exterminator
Average Annual Income: $31,210
Annual Income If It Were Up to Me: $125,000
Public Appreciation Meter: Exterminated.
Why They're Underpaid: Exterminators often have to work in dark and tight places. They're often required to work with hazardous chemicals too. The worst part though is they're constantly at risk of being bit or stung, or contracting rabies, hepatitis, or other diseases from vermin that most of us would just as soon never even have to look at: poisonous snakes, rats, black widow spiders, rabid raccoons, skunks, bats, gators, bees, mice, cockroaches, and rats. "Uh, Len, you said 'rats' twice." I know - that's because I really hate rats.
5. Septic Tank Servicer
Average Annual Income: $35,550
Annual Income If It Were Up to Me: $135,000
Public Appreciation Meter: "You mean somebody actually has to clean those things out?"
Why They're Underpaid: Their job description stinks - and I mean literally: Clean and repair septic tanks, sewer lines, or related structures. Clean and disinfect domestic basements and other areas flooded by sewer stoppages. Withdraw cables from pipes and examine them for evidence of mud, roots, grease, and other deposits indicating broken or clogged sewer lines. By the way, I'll give you two guesses what "other deposits" could be, and the first one doesn't count.
4. Embalmer
Average Annual Income: $39,320
Annual Income If It Were Up to Me: $150,000
Public Appreciation Meter: Better than some professions, but not as good as most.
Why They're Underpaid: When I was growing up I lived next door to a mortician. I still remember the empty industrial-sized containers of embalming powder he kept in his garage to store everyday stuff. My family became close with his and we did a lot of things together. Uncle Chuck was such a funny and easy going guy, which always amazed me considering his very somber duties at the mortuary, stories of which he shared freely with us kids as we became teenagers. One of his duties was embalming; it is a difficult and surprisingly physically demanding job. To this day I still remain amazed at how Uncle Chuck could be so easy going and carefree at home considering all the sadness and heartache he encountered on a daily basis at work.
3. Lineman
Average Annual Income: $54,300
Annual Income If It Were Up to Me: $200,000
Public Appreciation Meter: Only when the local power goes out.
Why They're Underpaid: Not too surprisingly, this job regularly ranks among those with the ten highest fatality rates. This job is much worse than that of a professional tight-rope walker, as it combines nerve-wracking heights with extremely high electrical currents. If that doesn't convince you, maybe this will. And if you have a few extra minutes, maybe even this.
2. Trauma Scene Clean-up Worker
Average Annual Income: $35,000 (according to answerbag.com)
Annual Income If It Were Up to Me: $250,000
Public Appreciation Meter: Dead on arrival.
Why They're Underpaid: Did you ever wonder who goes in and cleans up the blood, guts and random body parts after major car accidents, homicides and other similar tragedies? I don't think most people do -- they just figure a site magically cleans itself up after the authorities leave the scene. I once spoke to a guy who used to do this for a living and he said the job is absolutely horrific and often requires superhuman intestinal fortitude and emotional control. Here's a chilling job description that warns potential job applicants what to expect and here are some common tools of their trade.
1. Military Soldier/Sailor
Average Annual Income: $16,794 (First-year, enlisted)
Annual Income If It Were Up to Me: $1,000,000
Public Appreciation Meter: Getting better, but still not enough.
Why They're Underpaid: The job of a soldier is, without a doubt, the most underpaid job in the world. In addition to being charged with putting their lives on the line on a daily basis in order to protect us and our way of life, the soldier's job description also entails many of the difficult jobs previously mentioned. On top of that, they often have to do their jobs with minimal sleep, rations, and almost impossible living conditions. The freshest US recruits have to do all that for a base salary of just over $16,000 per year -- and after their military taxes are deducted it's even less. We should all keep that in mind the next time we think we're underpaid for what we do.
So there you have it: the 10 most underpaid jobs. If you're interested, you might also want to check out my list of the 10 most overpaid jobs -- I'm sure that'll ruffle a few feathers out there. ...
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Drive-By Movie Review: Crossing Over
This is a movie review of the 2009 movie Crossing Over starring Harrison Ford, Ray Liotta and Ashley Judd...
Plot Synopsis: Crossing Over is a multi-character canvas about immigrants of different nationalities struggling to achieve legal status in ...
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How Much Would You Pay to Save Your Pet’s Life?
A friend of mine recently told me a sad story that I wanted to share with you.
About five years ago, he drove his dog to a dog park across town for their usual Saturday morning romp. Unfortunately, on that particular fateful morning, when he ...
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Drive-By Movie Review: Taken
Today's Drive-By Movie Review is on the 2009 movie Taken, starring Liam Neeson and Maggie Grace...
Plot Summary: A former spy relies on his old skills to save his estranged daughter, who has been forced into the slave trade.
Me: I miss the days ...
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Drive-By Movie Review: Defiance
Today's Drive-By Movie Review is on the 2008 movie Defiance, starring Daniel Craig and Liev Schreiber...
Plot Summary: Jewish brothers in Nazi-occupied Eastern Europe escape into the Belorussian forests, where they join Russian resistance fighters ...
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Drive-By Movie Review: Killshot
This is a review of the 2009 movie Killshot, starring Mickey Rourke, Diane Lane, and Rosario Dawson.
Plot Synopsys: Carmen Colson (played by Diane Lane) and her semi-estranged husband Wayne are placed in the Federal Witness Protection program after ...
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Personal Finance Decisions: The Good, the Bad, and the Ugly
Regular readers know that I absolutely love Clint Eastwood movies. The other day I was watching for the umpteenth time one of my all-time favorites: the classic Sergio Leone spaghetti western The Good, the Bad and the Ugly. While I was watching the ...
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Drive-By Movie Review: Knowing
This is a review of the 2009 movie Knowing, starring Nicholas Cage.
Plot Synopsis: Astrophysicist and grieving widower, Professor John Koestler, studies a sheet of paper from a time capsule that has been dug up at his son's elementary school; on it ...
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Evaluating the Cost of Extreme Frugality
Earlier this month one of my favorite personal finance bloggers, Bret Frohlich, wrote a terrific piece where he declared war on frugality and explained why frugality doesn't always pay.
In fact, Bret's post got me thinking about those who choose to take on a life of extreme frugality. Keep in mind that I'm not referring to people who dutifully cut coupons and grow their own vegetables.
Instead, I am talking about people who bring home roadkill for dinner, read by candlelight, and/or eschew heating regardless of how cold it is outside.
Why would anybody ever choose such a punitive lifestyle?
As I see it, there are three predominant reasons:
1. After living far beyond their means for too long, they discover themselves to be deeply mired in debt, like this college student who chose to live out of a pick-up truck.
2. They are committed environmentalists that are determined to try and "save the Earth", like this lady.
3. They are fanatical, committed anti-capitalist knuckleheads that are determined to try and "save the Earth" - like the Freegans.
By the way, on their website, the proudly-unemployed Freegans unabashedly proclaim to us uninformed working-class sheep that not only does "working suck," but it is "dehumanizing" as well.
Interestingly enough, in the very next sentence the Freegans go on to espouse, without the slightest hint of irony, the joys of dumpster diving. Go figure.
Just Remember...
Those who practice extreme frugality do not have a monopoly on making life harder than it has to be.
And while it is important to invest in your financial future by doing everything you can to stick to a strict budget and stay out of debt, please don't go so far overboard that you forget to invest in your quality of life as well. :-)
Life really is too short to live like a refugee if you don't have to.
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