Category: General

Today is Tuesday, my friends. You know what that means: Drawing class! Okay, you didn’t actually know that Tuesday means drawing class but it does. For the past week, I’ve been practicing nothing but faces. They’re challenging haha.

While I practice getting my proportions correct, you folks can enjoy these recent stories that caught my eye.

New dating app matches people only if they have good credit scores. 🤣 [Fast Company] — “Love might be blind, but it’s not fiscally irresponsible. At least not if a new dating app has its way. Just in time for Valentine’s Day, Score, a new app (and website) for the financially minded, hopes to attract people with “good to excellent” credit who know the importance of monitoring their finances. No one with a credit score of less than 675 is allowed to join.” On a related note, turns out several of my financially independent friends use FIRE dating. Who knew? [Nerd trivia: This is the first time I have ever hyperlinked an emoji.]

Deepfake scammer walks off with $25 million in AI heist. [Ars Technica] — “This incident marks the first of its kind in Hong Kong involving a large sum and the use of deepfake technology to simulate a multi-person video conference where all participants (except the victim) were fabricated images of real individuals. The scammers were able to convincingly replicate the appearances and voices of targeted individuals using publicly available video and audio footage.” Craaaaaa-zy!

Do anything. [Aaron Francis] — “Know that it’s okay to change course once you’ve started. It’s okay to start something and then realize something might be better for you. That’s the beauty of action; it opens paths you wouldn’t have seen earlier.” [Fantastic advice, but one of those annoying sites where every sentence is its own paragraph. Why do people do this? It’s awful to read.]

Reversible and irreversible decisions. [Farnam Street] — “Sometimes you can handle the uncertainty or outcomes. Like trying a new restaurant after reading a review or hearing about it from someone at work. Other times, you want to remove as much uncertainty as possible. You wouldn’t decide to marry someone after one amazing date, buy a car without test driving it, or put all your money into a stock you overheard someone talking about in line at the grocery store.” [Pretty sure this is one of Jim’s favorite concepts.]

I don’t really have a “bonus” video for you today. Instead, I’ll share one of my recent favorite art videos. You’ll probably think it’s a bit lame, but I like it. It’s 20 minutes of a pro artist describing how and why he uses cross-hatching as he demonstrates in real time.

I continue to make progress on my art journey. I don’t practice as much as I ought — maybe three two-hour sessions per week instead of daily 60-minute sessions — and it’s partly because I don’t know what to practice. To that end, I’m building a library of “art exercises” on YouTube (and via photocopied art books). This crosshatching exercise is one of my faves because it’s a cool effect and it’s more difficult than it looks. (Like, that “energy field” crosshatching with the brush pen seems like it should be easy but I cannot get my results to look convincing.)

Okay, that’s it for today. See you all tomorrow!

Well, hello. It’s me, J.D., and I’m here with another week of fun stories about money (and more). I was supposed to be here last week, of course, but Real Life got the best of me. And I’m okay with that!

One of my recent projects has been to turn a corner of our “library” downstairs into an art studio. I got that finished yesterday. In the process, I found some notes from the end of January 2021 — notes about how the internet was making me crazy. I’m pleased to say that today, three years later, I’ve managed to find a (mostly) healthy relationship with the web. That mostly means I spend far less time online now than at any other point in the past thirty years.

How to spend money to maximize happiness. [Barking Up the Wrong Tree] — Strangely, this article doesn’t offer a good pull-quote (meaning the thesis is never clearly stated). That said, it’s a nice summary of the research into how money affects happiness.

The joy of not wanting things. [Becoming Minimalist] — “Imagine being freed of the desire to keep up with the ever-changing trends, gadgets, and fashions that surround us constantly. That freedom would allow us to spend our money more intentionally. It would allow us to spend our resources on those things we truly value. Imagine the joy we would feel knowing our money is not being wasted on things that don’t matter.” [Mindful spending always brings joy.]

Why you should plan to get less done. [Range Widely] — “I was falling prey to the planning fallacy on a daily basis, and that it was making the to-do lists entirely useless, and leaving me frustrated at the end of each day. The solution, fortunately, was pretty simple: put way less stuff on each day’s list. Now I put one single thing atop the day’s list that, if accomplished, will mean the workday was a clear step in the right direction.”

Failing to lose. [Novel Investor] — “Purposely losing money in the stock market seems like it should be an easy task. It turns out it takes some luck to lose money in the market. The same goes for making it.” [I love this notion: Deliberately try to lose money in the stock market. It serves to illustrate a couple of important investing principles.]

Lastly, I really like today’s video. It’s a cover of Noah Kahan’s “Call Your Mom” from Marianne Beaulieu. I think it’s beautiful. (Skip to 1:59 if you don’t want to listen to her preamble.)

Before stumbling on this video, I had never heard of Marianne Beaulieu or Noah Kahan or “Call Your Mom”. For the past few days, I’ve had Kahan’s album “Stick Season” playing on repeat. It has a melancholy vibe that I dig.

Okay, that’s it for today. I’ll be back tomorrow to share more!

Hello, Apexians. J.D. here. Alas, I have fallen down on the job.

Last Thursday, I flew to Phoenix to hang out with some of my money buddies at Culdesac Tempe. (Mr. Money Mustache’s post about the project.)

I packed at the last minute, as I often do. This isn’t usually a problem. I travel often, and I have a routine. But for some reason, I couldn’t get my shit together last Thursday, so I forgot a couple of things — including my laptop.

Translation: I wasn’t able to spend my free time gathering cool stuff to share with you here at Apex. Instead, I spent my freetime riding electric bikes all over Phoenix, chatting with friends, and catching the premier of the new Dune movie. (My review: I loved the first one, and this one is okay, but it didn’t live up to the crazy hype it’s getting.)

My days are packed this week, so I don’t have time to catch up now either. Instead, Apex will take this week off and I’ll pick up normal curation duties next Monday.

I apologize for depriving you of a week’s worth of cool links. I’ll make up for it next week!

Ok, despite the numerous exclamation marks, I’m not losing my mind about NVIDIA even though it added $277 billion to it’s market cap yesterday. I think it’s great that technology companies are doing well and while I don’t directly own any shares, they’re in the S&P 500 so our brokerage account balances went up too.

It’s just crazy how quickly things are moving and we’ll see if this is showing us the way forward or just some early excitement. Either way, nothing to do except enjoy the ride.

Speaking of how quickly things are changing… did you see this?

New dating app requires good credit score to join [Yahoo Finance] – “A new dating app called “Score” has been launched by financial services company Neon Money Club. Score is positioning itself as an app for financially responsible singles, requiring users to have a minimum credit score of 675 in order to join.” What time to be alive – and another reason to keep your credit score high!

Compensating compassion [Works in Progress] – “Too few people donate their organs, dead or alive. How can we make it easier to donate, but avoid the abuses that some fear from cash payments?” If you’re interested in this subject, incentivizing organ donation, this article is very thorough in looking at the data and experiences of other countries. I learned quite a bit about the various programs across the world.

Finally, I love ramen. But I love watching people hone their craft even more.

The Ramen Lord – “At Chicago’s buzziest new restaurant, Mike Satinover is obsessed with one goal: making the perfect bowl of Japanese noodles.”

Like Mike Satinover, obsess over something this weekend!

Index Funds Have Officially Won [Morningstar] – “But for active management, ill omens lurked. Although retail buyers cared little for indexing, the strategy had by the mid-’90s become the rage among institutional investors. What’s more, Vanguard 500 Index’s VFINX 20-year returns were appealing. Before long, the marketplace would notice that fund’s success. In fact, I ventured at the time, indexing might someday account for as much as … gasp … 30% of the fund industry’s assets.” I’m surprised that passive (index) mutual funds have only exceeded 50% market share in January of 2024, I suppose that’s a bit of confirmation bias on my part. Some good thoughts (and criticisms of those thoughts) on the implications of this.

What’s Driving the Stock Market Returns? [A Wealth of Common Sense] – “Earnings growth has been the main driver of stock market returns since the end of the Great Financial Crisis. It’s also worth noting that although dividend yields have been relatively low in recent decades, the growth in dividends paid out by corporations has been healthy.”

Minimalism is Neat, but Clutter Makes a Home [The Atlantic] – “I’m reconsidering these mementos and many others as I try to clear out space in the small apartment I share with my husband and toddler. But I can’t seem to give them away. So they collect in the corners of rooms, evoking the randomness of a thrift store—and not the twee, curated kind. I don’t necessarily love the look of mismatched junk congesting the nooks and crannies of my home, but the clutter satisfies a deeper emotional need. Collectively, it represents every stage of my life, the lives of relatives who have died, and now the life of my not-quite-2-year-old daughter. It connects me to people and times that would otherwise feel lost.” Ok maybe clutter isn’t so bad… and the last paragraph is a doozy. (tip of the cap to Kottke.org, who shared this article and whose gift article link you’re clicking)

We have a medley of articles – a post from my friend Robert sharing his rules for getting rich, a crazy story in The Cut about someone getting scammed out of $50k, and finally a note from the FTC about what they’re doing to stop AI impersonation.

Enjoy!

How To Be Rich: 10 Rules To Grow Wealth [The College Investor] – “Being rich doesn’t always mean having money, but 90% of the time it does. However, there are habits, behaviors, and “rules” essentially, that will allow you to get rich and grow wealth. It’s not an overnight process. There aren’t any get rich quick schemes here. What you’re going to read below are my ten rules for how to get rich and grow wealth – over time.”

The Day I Put $50,000 in a Shoe Box and Handed It to a Stranger [The Cut] – “On a Tuesday evening this past October, I put $50,000 in cash in a shoe box, taped it shut as instructed, and carried it to the sidewalk in front of my apartment, my phone clasped to my ear. “Don’t let anyone hurt me,” I told the man on the line, feeling pathetic.” This story is unbelievable.

FTC Proposes New Protections to Combat AI Impersonation of Individuals [FTC] – “The agency is taking this action in light of surging complaints around impersonation fraud, as well as public outcry about the harms caused to consumers and to impersonated individuals. Emerging technology – including AI-generated deepfakes – threatens to turbocharge this scourge, and the FTC is committed to using all of its tools to detect, deter, and halt impersonation fraud.”

I was always surprised whenever President’s Day rolled around because it’s a federal holiday that is always the third Monday in February. We just had a lot of days off for the holidays, we’re barely into the year (though it is February already!), and it’s still cold out. It doesn’t really mark a big transition period, it just kind of shows up one day and “hey, we’re off today!”

If you’re off today, thank you for sharing some of that time off with us!

My Game-Changing Spreadsheet to Track Upcoming Credit Card Bills [Route to Retire] – “It’s kind of a hassle to log into each credit card provider’s site and see what balance is going to be paid and when. Then I’d have to add it all up and figure it all out. I need to do this regularly maybe every few weeks or so… not something to look forward to. I didn’t like it. Tracking upcoming credit card bills shouldn’t be this hard. Since I couldn’t find an easy solution, I decided to make my own tracker for our upcoming credit card bills.”

Who Benefits From The Layoffs? [Retire By 40] – “As a shareholder of these companies, I liked the big pop last year, but I think they should cool it with the layoff. The workforce is getting too lean. Performance will suffer if they continue laying off workers at that pace. Also, I only have 200 shares of Meta. The big pop was nice, but it didn’t make millions for me. I probably should take profit and trim back my position a bit like Zuckerburg.”

How to Cancel Unwanted Subscriptions [Milmo] – “Subscriptions are everywhere. From streaming services to online memberships, it’s easy to accumulate rack-up subscriptions without even realizing it. That’s not even factoring in the frequent moves that come with military life. The financial drain caused by unwanted or unused subscriptions can sneak up on you. In this article, I’m going to share the importance of identifying and canceling unnecessary subscriptions to keep your budget under control.”

Victory [Truly Adventurous] – “At 11-years-old, Victoria Brucker planted her feet wide and crouched down to face the large metal machine as it whirred up, ready to deliver a pitch. Her heart hammered inside her chest as the gaggle of boys impatiently waited behind her for their turns.

Victoria was determined to make her local Little League’s All Star baseball team, composed of the best players in San Pedro, California, but the odds were stacked against her. Not only was she a girl–the only girl–trying out, but she was also a year younger than most of the other boys. And she had only played baseball for three years. There were plenty of parents in the community who had made their feelings clear about the prospect of a girl on the team: She won’t be tough enough… She’ll start crying when she doesn’t get on base… She’ll make a fool of the team.”

At this point, I’m mostly retired. I officially stopped blogging about money nearly a year ago. I do update my personal blog from time to time, but not on any regular schedule. The only “work” I do on a regular basis is this: sharing interesting stories at Apex Money.

I’ve been wondering recently how much time I spend on this site. It’s not much, I know, but it’s not nothing either. So, this week I timed my Apex hours to quantify the work I’m doing. The result? I spent exactly three hours working on Apex this week. Not bad for a retirement hobby.

Let’s take a look at what those three hours of reading/watching yielded for you today:

How to stop catastrophizing. [Vox] — “Catastrophizing is a common thought pattern where you assume the worst possible scenario…Climbing out of the spiral that is catastrophic thinking requires both in-the-moment grounding techniques and big-picture reframing. Focusing on the reality of a situation — and not the story you’re telling yourself — can help blunt the anxiety of catastrophizing, experts say. Here are more therapist-approved tactics to help you avoid catastrophic thinking.” [I feel as if the entirety of U.S. society has become one extended exercise in catastrophic thinking. It’s so dumb.]

The most overrated concepts in personal finance. [Of Dollars and Data] — “In the world of personal finance, we are constantly bombarded with messages about the ‘one thing’ that could significantly improve our financial lives. Whether it be a particular kind of investment, a novel mindset, or the latest money-saving technique, there’s no shortage of ideas on how to get ahead. Unfortunately, while many of these ideas are great in theory, they tend to not measure up in practice.”

Our complicated relationship with Stuff. [The Root of All] — “Material objects allow us to explore not just space but also time, even fueling nostalgia for a past we’ve never experienced through collections of vintage cameras, records or typewriters. Moreover, certain possessions mark life’s milestones, such as your first car, home, or stroller. Whether right or wrong, these items have become modern rites of passage. In essence, our belongings make the abstract tangible, serving as anchors to our past lives or stepping stones toward our future aspirations.”

Our final “bonus video” of the week isn’t a single clip. No, it’s an entire YouTube channel! Here’s the home of Ron Calverley, a typical (?) older Canadian gentleman.

Why is this channel remarkable? Because for the past several years, every day Ron has documented his progress building model ships. Here, from five years ago, is the first day of Ron’s model-building series.

It wasn’t until episode 31 of this series that Ron acquired the model ship he intended to build!

It took Ron over a year to build his ship. Here, in episode 474, he gives a tour of the completed project.

And here’s a recent installment (part 1894!) in which Ron continues to build models.

There’s something tremendously comforting about Ron and his videos. It feels like hanging out with my father (who died thirty years ago) or his brother.

Anyhow, I’ve subscribed to this channel now, and I’m perfectly happy to play this in the background while I do other things. It’s homey.

That’s all I have for you this week. Jim will return on Monday, and I’ll see you in ten days. Adios!

Today is Thursday, my friends, and this is Apex Money. As it always is. And as we always do, Jim and I have gathered some stories to share with you, stories about money (and more). Here they are:

The six spheres of life. [The Honest Broker] — “I set out the laws I want to live by. It doesn’t mean I always succeed—in fact, I frequently fall short. But, when that happens, I need to be the sheriff of my six spheres. I’m the only person who can fix things, and return to the right course.” [I think this is a great article. I enjoy learning how others construct their world views.]

How to afford a house these days. [Mr. Money Mustache] — “The solution to this is the same as most other problems: to stop thinking in the way our culture likes to train us (as a victim of outside forces beyond our control) and go back to thinking like a Mustachian. Houses are just like any other manufactured product, and as such they come at a wide variety of prices, subject to supply and demand. And just because you happen to live in a certain place (even if you were born and raised there), doesn’t mean you’ll automatically be able to afford to buy a house there.”

Is F.I.R.E. really a movement? [rich & REGULAR] — “FIRE may not be a political movement, but it is a political statement. It shows a strong desire for autonomy and a willingness to take matters into our own hands. It’s a lifestyle choice that defies the norm by opting out of the typical template of a lifetime of work, retirement, and reliance on a depleted Social Security system. There are plenty of people in our community who plan to work as long as possible, their freedom comes from their ability to show up knowing it’s a choice and not a mandate.” [I think this is a great article too, and I especially like how it frames FIRE as deliberate rejection of societal norms.]

Lastly, here’s a short (three-minute) video from 1930 (ostensibly — looks a bit later to me) in which a man born in 1967 describes what it was like to work during the 1880s.

Unlike most videos I post here, this has some personal-finance chatter in it, especially about wages. Also, the fellow talks about “retiring under the old-age pension scheme”. If he means Social Security, then that places this video after 1935. That seems more likely than 1930. (See? Remember how yesterday I talked about the way I notice errors in movies and TV? This is a prime example of that. The claimed date of 1930 just doesn’t work for a number of reasons. But 1936ish? Yes, that works.)

Okay, that’s it for today. See you all tomorrow!

Welcome to Wednesday, Apexians. Today’s stories are especially interesting, and I encourage you to read each of them. (They’re all short.) Take a gander, eh?

The acceleration of addictiveness. [Paul Graham] — “Unless the rate at which social antibodies evolve can increase to match the accelerating rate at which technological progress throws off new addictions, we’ll be increasingly unable to rely on customs to protect us…Most people I know have problems with Internet addiction. We’re all trying to figure out our own customs for getting free of it. That’s why I don’t have an iPhone, for example; the last thing I want is for the Internet to follow me out into the world.” [A 14-year-old essay that seems even more relevant today than it did in 2010.]

“How I used the 4% rule over the past 29 years.” [The Retire Early Home Page, via Rob Berger] — “I’ve had confidence over the years in the long-term stock market return data and just maintained my asset allocation through thick and thin. I don’t time the market. Stocks go up and down, but the money you lose to financial advisor fees, commissions, trading costs, and taxes is gone forever.” [From (one of?) the first-ever early retirement site on the interwebs. Still rockin’ the old-school 1994 aesthetic. I love it.]

“I cancelled Amazon Prime, and you probably can too.” [Big Technology, also via Rob Berger] — “Last June, on a whim, I canceled Amazon Prime…I planned to return to Prime soon after canceling, but then never did. At first, I figured I’d wait to pay its $139 annual fee until I had something to buy or watch. But within a few months, I realized I didn’t need it.” [As I’ve mentioned before, I hate what the internet has become. Modern Google and modern Amazon are the two worst offenders. I’m mostly out of the Google ecosystem now, and leaving Amazon is my next project.]

So, here’s a “fun fact” about me: I notice many of the little details that are off in movies and TV shows. And these things bug the hell out of me. I notice when the level of somebody’s drink jumps around from full to empty to full again. I notice when the time on the clock is inconsistent, or when the “summer” leaves are all falling colorfully to the ground.

But I didn’t know until today that this quirk of mine is actually a job in the film industry. Apparently, I’d make a good script supervisor.

The script supervisor is the person responsible for catching continuity errors, for thinking like the J.D.s of the world.

Maybe I’ll move to Hollywood to hire out my services.

For now, though, I’ll be back tomorrow with another installment of Apex Money.