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Archives for March 2015

The Hilarity Of Rarity

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Diamonds. Photo by Kim Alaniz/Flickr

“Insanity in individuals is something rare – but in groups, parties, nations and epochs, it is the rule.”
–Friedrich Nietzsche

Expensive things are expensive, not rare

Blast your headphones. Blare the bass. Feel the vibrations reverberate through your skull. There’s no limit with Beats by Dre. You’ll pull them off before you reach their volume limit. Plus, they come with a classy little “b” on the side. You can walk, sit, run, fly, drive, and stand while advertising your brand awareness. Flaunt your auditory know-how right on your head. Just don’t look at the price tag for these headphones. They’ll cost you about $200-300 for a pair, but only cost $14 to manufacture.

Feel that torque pulverizing your spinal cord like a belly flop gone amuck? Yeah, that’s the benefit of an expensive car. See the smoking tires as you peel away from that red light? Yeah, you’re burning precious fossil fuels and aiding the world on its campaign to melt the poles. How fast is your 0-60? Yeah, you’ll be the fastest around in the Ferrari LaFerrari. You get all this for the low price of $1.3 million. Get yours today — they’re rare!

Diamonds are a girl’s best friend; at least, that’s what the movies/commercials say! Save room on that ring finger for the biggest rock affordable. Whether questionably procured or straight-up from conflict zones, diamonds can be yours. Despite being hugely manipulated and controlled by oligopolies, you can find these at your local stone store. Supply is limited (by design)!

What makes something rare?

The definition of “rare” includes words like uncommon, unusual, and unusually great. Unfortunately, the word has been perverted into a capitalistic, pro-consumer line. The word’s true value has been emptied, cashed in, and abused by corporate giants. They’ve stolen the word – appropriating it for their own profits.

From art that puts a clever 1 of 100 (1/100) number on the bottom to limited-edition, gold-plated Apple Watches to limited-production Ferraris, we live in a world that finds rarity in everything. What an oxymoron – rarity in everything!

Perceptions are essential. Items of greater perceived rarity are lusted after and purchased for tremendous margins. We crave that which another cannot have.

The diamond industry artificially manipulates supply to affect perceived rarity. They buy up everything can they find, squash competition, and throttle a market. It’s entirely artificial.

We must re-evaluate rarity

We are struggling under a curling wave. The light is blotted out. Oxygen is low. And when we look up, we can’t tell if it’s the seabed or sky. Our senses have been manipulated for too long.

This is the hilarity of rarity: we experience vertigo to this perversion of rarity. Capitalism teaches a fundamental lesson: more expensive goods are “rare.” But we need to stop letting companies set the bar, agenda, and price of rarity. We need to empower ourselves, and destroy these twisted messages.

1. Rarity won’t be found in a material good

Take the aforementioned examples. Companies know how to frame a photo, pose a model, and sell you whatever they want. Material goods are not rare; in fact, they’re everywhere. The “rare” Ferraris are only a carefully constructed marketing ploy to make us buy more.

Let’s get fed up with this trickery. These companies are manipulating us. How long will we let them purposely confuse our natural understanding of rarity for their own gains? I say we end today.

2. Rarity won’t cost you a thing

It’s rare to see someone pull over in their car and stop for a lost dog. It’s rare to see someone sit next to a homeless person and hear his or her story. It’s rare for people to reflect on their privilege and be humbled. It’s rare to feel truly content with a career.

Unlike something with a price tag, these rarities are worth your time. By choosing to pursue life’s rarities rather than Apple Inc’s, you’ll suddenly realize what you were missing. It’s time we say goodbye to petty price tags and open our hearts to the people around us. Let’s make some rare moments, together.

3. Rarity won’t be advertised

Walk out your door, and you’re sure to encounter the walls and screens painted with advertisements. It’s sanitized and approved. It’s primped and primed. It’s made to make us buy.

Nothing advertised is needed. Think about it briefly, and you’ll realize you never see marketing campaigns for air and tap water (aside from clean air and water). Companies know that there aren’t profits in these basic resources – true needs. They’ve moved on to the unnecessary.

In the movement to re-evaluate rarity, we must carry this message with us every day: rarity won’t be advertised. Rarity is out in the world, away from this screen. Go make it happen.

Frugal Articles of the Week

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Reading Nook Photo

Every week I like to feature a few frugal articles that caught my eyes. Curl up in your favorite reading nook and enjoy. Hopefully these encourage you to live frugal lives!

What you don’t know about Internet algorithms is hurting you. (And you probably don’t know very much!) by Caitlin Dewey
The Internet tracks your every move. We know this already. What we didn’t know was just how powerful these tracking algorithms can be. When you visit one website and then go to another, numerous companies track and predict what you’ll ultimately like to buy, view, and share. Sometimes those algorithms go wild!

Why Judging People for Buying Unhealthy Food Is Classist by Wiley Reading
I have done this before, and it’s a big wake up call to anyone who criticizes other people’s dietary choices. When you judge someone for “choosing” less healthy food options, this might be a classist statement. Unfortunately, with global income and wealth inequality, people aren’t taught and don’t necessarily have the resources to “choose” better options.

“How in GOD’s NAME do you spend so little on food??” by J. Money
Over the last few months, I’ve been on an epic challenge to reduce my food and drink budget down to $200 per month. It used to be hundreds of dollars more than that every month. In this article, a family man asks how so many people have reduced their budgets, and what’s a reasonable amount to expect. Great article!

Broke with Privilege by Stefanie O’Connell
Stefanie’s one of my favorite personal finance writers. In this recent article, she talks about income disparity, poverty, and even privilege. I don’t want to ruin the article by explaining it here. Go read it NOW! 🙂

Drained: A Fictional Tale of Reality

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Homelessness Cart Outside
Photo: Roberto Lajolo/Flickr

Personal finance vs. social justice

The personal finance world is inundated by articles and advice that focus on individual empowerment and responsibility for wealth generation. Essentially, the messages emphasize an individual’s ability to overcome debt through some tried and tested methods: hard work, side hustles, penny pinching, and highly restrictive lifestyles.

At times, I feel frustrated because it doesn’t properly account for countless variables that affect another’s ability to overcome financial hardship. Simply put, this advice places the burden and responsibility for financial success on the individual — and solely that person.

The reality is murkier, with various responsible parties and reasons for financial insolvency. Sudden job loss can leave families homeless. Medical bankruptcies can lead to awful credit scores and drained savings. Corruption in the banking system might prevent home owners from reducing their mortgage rates (despite receiving government funding to do just that). When persons blame or support the idea that personal finance solely rests on the individual, an injustice is committed.

Encouraging support, dialogue

Today, I wanted to write in a different voice. I guess you could say I’m feeling… creative.

Whether you call it a piece of “fiction” or “creative writing,” my hope is that you can better empathize with those from diverse backgrounds. More importantly, my dream is to respectfully tell a fictional tale that’s all too close to reality.

While reading this piece, I encourage you to think about how you can best provide support and advice to a family suffering in similar circumstances.

Let the story begin…

We’re broke.

I know we’re broke, but the kids can’t know. They’re too young to understand, and I’m ashamed. I’m not supposed to be here financially or geographically. We live out of suitcases with broken zippers. We duct tape the lid whenever we move again. I wish we had closets and dressers.

There are five us. My eldest is 12 and the youngest is 2, with two others aged 4 and 6. Together we make a handful.

They call me “Mah.” I call them my “Brats,” but I love them dearly. They’re the reason I’m still alive and kicking — fighting to get out of here and better my life. But every time I try, I’m sucked back down. Perhaps this is what the dinosaurs felt, as they got trapped in the La Brea Tar Pits.

My eldest is smart. I know she is. I can see it when she blasts through math assignments from school. I hear it when teachers remark about her rapid and accurate in-class participation. She could go to Harvard, if we had the money.

She whispers into my ear at night, when the lights are out and the other kids are fast asleep. She asks me if a woman will ever be president. She asks me why the stars seem so much brighter here, as opposed to the inner city.

My youngest is curious about the walls around him. He runs all around the shelter and tugs on the coattails of other residents. He draws pictures of a man, brings it to my face. I can’t avoid it. He calls the unknowable figure, “Daddy.”

His hair matches his father’s — unruly and brilliantly soft. Two-years-old and I can already see his father’s face on him. That button nose makes me grimace, because that man was horrible. I hide it from my youngest; at least, I try to.

He never met that man. No, he never met that asshole. He beat me to a near-coma, and then left me and my kids to fend for ourselves. Sometimes I have flashbacks of him coming for me. I fear that he’ll find me — even here in another state.

Could he find me, us?

As soon as I get a place of our own, I’m buying a gun. I’m sick of this shit. Sick of feeling defensive — like he could get us at any time, anywhere. Trust me, I’ve known quite a few assholes over the years.

I had my first child at 16. That was my first boyfriend. He was 22 and worked at the liquor store. Hell, he held a job and paid for our daughter’s clothing. My mother liked him. I liked him. But he couldn’t help making a few bucks here and there; you know, “on the streets.”

Eventually, he left us. Suddenly, I couldn’t afford not to work, nor could I afford our current place. I was alone and lonely. The kids were devastated.

In a rush, I buried the thoughts of that man and found work at a donut shop. If you knew what goes into those disgusting circles… Well, let’s just say you wouldn’t be chowing down on that next dozen. It paid the bills — sort of. It’s not like we didn’t get extra help. We were on food stamps and Medicaid. It never seemed like enough, though.

I was able to hold down that job for a while, but I struggled to sleep at night. The background hum was the din of people yelling, and the occasional crack of a pistol’s chamber. The streets were alive, while I “slept.” Every night was the same.

Men have been in and out of my life — out my kids’ lives. I must’ve been ignorant — stupid — because each time I thought this was the one. The one who would give me and my family the security we need. That never came.

Soon, work fired me. I was late to too many shifts — tired from taking care of my kids and sleepless nights.

I had a hundred dollars, bills to pay, and rent that was overdue. I used my credit card and filled up my tank all the way. Then, I drove as far as I could to safety — from my past, haunts, creditors, and landlord.

I hit the reset button.

But, I never expected to be here. I never expected to be away from home. I never wanted to put my kids through this mess. But now I’m here, without any money, over-drafted and maxed out.

I don’t know what to do.


Putting the person in personal finance

Sometimes, people that need the most financial help are coming from poverty, discrimination, and poor socio-economic backgrounds. Their way out is obscure and unclear. Providing a blanket list of “5 tips to reduce debt” can help, but too frequently, it downplays the history and subtly provides judgment for those who cannot meet the prescribed solutions.

Problems come from somewhere — they don’t magically appear. By acknowledging an individual’s entire story, we can begin to provide help and systemic support. Advice and feedback must be provided through a lens that helps to incorporate how an individual got there in the first place.

Personal finance requires social justice. It takes a village. It takes understanding. It takes resources, because everyone starts with a different amount. Debasing and downgrading a struggling family for being “financially irresponsible” is intended to shame — plain and simple. Psychologically, this method is flawed and does not tend to lead to positive outcomes. Instead, we must come to the aid — without judgment.

When we realize these values, people can better accomplish personal finance dreams and follow goals.

President Barack Obama, Student Loans, And The Need For Reform

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2016 is fast approaching, and that means election season. Major news networks will stalk and highlight candidates from left and right sides of the aisle. In this highly televised and recorded world, nearly everything will be analyzed and critiqued – moment-by-moment. The primaries will be a grueling process where candidates likely undercut their opponents and new ideals.

As contenders begin to take form, I can’t help but think about what issues will be most important for my generation and those to come. Financially, we are hurting. Millennials are not saving at the rates of previous generations. We are entering the workforce with record levels of debt and stagnant wages. Despite a somewhat recovered economy, we are starting behind the curve.

One of the biggest reasons for our trouble is student loan debt. In fact, it eclipses all other forms from credit cards to cars to mortgages. America is addicted to debt, but the favorite kind seems to center on youth pursuing educations. Unfortunately, this policy of placing higher cost burden on students has led to numerous unintended consequences. Graduates are suffering, despite being raised to believe that college was a simple path to prosperity.

There are few reasons for hope. Congress is a house divided. They’re split on nearly everything, and funding education via taxation isn’t on the table. This instability and counterproductive snowball-lobbing Congress cripples younger generations.

Thankfully, there’s a light amidst this partisan dueling: President Barack Obama. He recently sat down with a few high school and college students to talk about issues in education and student loans. The President acknowledged that he only paid off his own student loans in full the year before he entered congress, and that they were more than his home mortgage.

Instantaneously, the sometimes-deified leader of “the free world” became real. The students that filled the room nodded in unison and seemed appreciative. The President leaned in, and questioned the group about their own experiences.

He asked one student what she wished she would’ve known or something that was difficult about the process. She responded that student loan interest was mentioned, but not entirely explained. And she’s not alone. Most college students don’t have a firm grasp of what student loans can do. The President kindly responded that institutions tend to just hand the bill at the end of college.

This was a man who aimed to talk with students around this country – not just in that room. And no matter how planned, prepared, staged, and for-show this event was, it highlighted something rare and powerful in politics: approachability.

This administration and President must’ve known that this segment for Vice News would provide positive sentiment for the White House. But that shouldn’t matter, because this is how that office chose to connect – in a radically different way than every office before it. Regardless of the calculated nature of the time with these students, it made an impressive impact.

In a political world that could not be more hostile and aggressive, we need politicians that sit down with younger generations and empathize with the struggle in higher education. There’s hope for a better future if more do so.

Come 2016, I want to see a candidate who can sit down with younger generations and truly lean in. I want a future president who’s approachable for diverse – socioeconomically disenfranchised – people.

President Barack Obama and his staff have mastered this element, and I look forward to someone who can do even better. We need action and reform to solve the student loan crisis.

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