Posts Tagged ‘success’

Winning the Game of Life

Winning the game of life takes perseverance. Winners don't quit. Each action is a step toward their goals. The winning attitude wins. #gameoflife #success #motivationThe original working title of this post was If You’re Rich You Don’t Quit. I loved the title, but it didn’t encompass the entire theme I wanted to present. Life isn’t just about money! (Sounds crazy coming from a wealthy accountant, right?) Money is important when in need of life necessities like food, clothing, shelter and medical care. After the basics are covered money is either a game, and for some even an annoyance, since it distracts them from what they are really interested in.

Motivation is a powerful tool. Life is a never-ending series of groin kicks. People want to knock you down. Sometimes it’s life. Sometimes it’s a malicious act. Regardless, the only way you can get from where you are to where you want to be is find the motivation deep inside your soul.

“Winning isn’t everything; it’s how you play the game.” True. “It’s the journey, not the destination.” Another true adage. These short catchphrases can be used by your own mind as a way to stop striving for your goals. Self-talk will drive you forward or into the ground. Best to be cognizant of your thoughts!

Winning is important to me. (Surprise, surprise!) My interests are catholic (little c). This requires I find the most important interests so I can focus on the ones that matter most. The other interests may live as hobbies or may go unsatisfied. The mark of a true winner is focus on the single goal (or few complimentary goals).




Failure is for Winners

We all know the story of Edison and the light bulb. He tried 1,000 times and failed. He kept pulling himself up by the bootstraps and eventually produced a working incandescent light bulb on try 1,001 (or something like that).

Closer to home we have an unnamed accountant who likes to write. I wrote my first complete novel my senior year (or was I a junior) of high school. It was never published, but it gave me experience telling a story, building a world, creating characters.

After I graduated I bought a Tandy computer at Radio Shack. That bugger set me back $4,000 and it didn’t even have a hard drive! You had to insert a 5 ¼ inch floppy disk and twist a lever down to lock the disk in place before turning on the computer for it to boot. Yeah, that was one awesome OS! I think it was DOS 1.0. (Really!)

I still have 5 ¼ inch floppy disks floating around someplace with short stories on them. My second novel and two (or possibly three) nonfiction books also exist in a format I have no way of accessing anymore.

My writing sales were dismal. I sent out a lot of stories, and—being an optimist—never kept the stack of rejects. A few still float around the office, but most rejects had no value to me. I always focused on learning from each experience and moving on to the next level. What I’m saying is that I didn’t exit the womb with pen and paper ready.

In the late 1980s, shortly after I went full-time in taxes, I started a financial audio newsletter called The Wealth Builder’s Guide. Six times a year you would receive a wonderful (it’s my story so I’ll tell it the way I want) cassette tape with 90 minutes of financial advice from me along with a printed newsletter with information on which banks had the best investment rates nationally and other important financial articles.

Successful people never give up. You can have the career, family and financial success you want as long as you strive forward each day. #Success #motivation #personalfinanceI wrote, edited and produced the whole kit and caboodle. It was a lot of work. After three years it was time to hang up my cleats. My tax practice had grown too large to do both.

If you are lucky enough to still have an original copy of my audio newsletter I hear they go for a pretty penny on eBay. (Yes, that is a joke. If you find one of those suckers on eBay I would like to buy it so I have my own copy.) My basement was filled with audio equipment, tapes and booklets. After enough years went by I dumped the remaining stuff in one of my intermittent personal belongings purges.

It doesn’t sound like much, but I had around 100 subscribers at the peak. If memory serves, I charged $199 per year. I wasn’t getting rich, but it covered costs and once again, I was learning.

Up to this point you might consider my writing efforts a success. Let me help you gain perspective. My total writing sold to traditional press earned me less than $1,000 over ten to fifteen years. The newsletter, while somewhat successful, wasn’t putting food on the table. All the money brought in went to recording and dubbing machines.

I still wasn’t ready to quit, dammit!

By the mid 1990s my tax practice hit full stride. I was taking market share and I was able to find time to write. A competitor jealous of my success almost destroyed my business. It hurts (and still hurts). But I never quit. Wouldn’t think of it.

The new millennium had me punching the keyboard more than ever. Another novel ended up unpublished and several false starts kept the number of unpublished novels at a reasonable level. This was actually good news. I was starting to realize good writing from bad. Bad stories that just didn’t have a chance were ended. To prove the point, some material was selling to online sites, though the pay was a pittance.

To further hone my skills I wrote for content farms like HubPages for a few years. Most articles there were bad, but it was a place to write things I needed to get out and to build my skills.

Not all of my work was bad. Stuff was selling. Even my fiction got some notice. A few hubs on HubPages were picked up by industry journals. Traffic was growing. I was learning to write and market online.

There was one area which drove me crazy: flash fiction. I had periodic moments of brilliance in all areas I wrote with the exception of flash fiction. The money in flash fiction would never feed a parakeet so I wasn’t too upset until a chance opportunity accidentally fell in my lap.

A flash fiction blog ran across my screen. I quickly noticed the traffic was massive—millions of pageviews per year. I researched similar blogs and realized many get modest to good traffic. None monetized! The accountant in me couldn’t help himself.

I started writing flash fiction for my new blog in said genre. A small amount of research showed me how the other guys were getting their traffic. My traffic never rose as high as the best in the category, but still was respectable. I started a second similar blog once the first got going. Both those blogs had many millions of pageviews.

I quickly reached a ceiling in the genre. The reason these bloggers didn’t monetize is because you could only make so much unless you also wrote and sold genre specific novels to compliment your site. I wasn’t willing to spend that much time on the topic involved since I wasn’t really interested in the topic. (For the curious, it involved transgender issues; something dear to my heart since my youngest daughter was born intersex.)

I earned reasonable money on the flash fiction blogs, but I didn’t want to spend a lifetime repeating the same genre drivel. I was burning out the flash fiction bug.

The good news is that it allowed me to hone my skills even more. I was learning brevity. Storytelling is an important part of writing. When it works the reader steps into your world for a short while and enjoys the experience. They also tend to return like a good friend.




Failing All the Way to the Top

Decades of writing prepared me for the big event I wasn’t even planning on attending. Mr. Money Mustache asked to be my client and he was going to publish on his uber-blog how I helped him. The words weren’t even out of MMM’s mouth when people started asking about my blog. Ahhhhhh.

Yeah, you get what I mean.

This blog was an idea I hadn’t moved on. The URL was purchased to preserve the link. I played a bit with Bluehost (too much work). I hired a local firm to whip my blog into shape. They dropped the ball. The big push came while my blog was still a mess.

A year and nine months later this blog won the Plutus Award for Best New Personal Finance Blog of the Year. Now I know what you’re thinking. It seems so easy for me. I write for a bit more than a year on this blog and get a massive reward. True, but did anyone consider the 10 million words I wrestled to the page over three and a half decades?

I threw my hat in the ring this year for Blog of the Year. You can vote/nominate here. (That reminds me; I still need to vote!)

The amount of time I put into writing is obscene. It was something I loved (well thought out communication), but it never came naturally to me. I had to work on it.

Traffic still bugs me as more is always better in my book. Maybe the blog isn’t failing, but growing is very important to me. (I have a secret I think I’ll publish in a flash post this Saturday.)

After peer acknowledgement and traffic, money is a powerful guide to gauge success. I haven’t published much in the way of blog financial progress reports. Let me give a taste of the trailing twelve months here:

Ad Revenue: $11,000

Amazon: $1,200

Credit Cards affiliate: $4,000

Miscellaneous affiliates: $2,000

Specialty affiliate 1: $9,200

Specialty affiliate 2: $6,000

Specialty affiliate 3: $4,800

Consulting: $23,500

Tax clients from blog: I don’t know? Maybe half my practice already.

The numbers are estimated as I’m writing at home late at night while my data is at the office behind a very secure firewall.

The specialty affiliate listings are unique situations I created. When I saw a few powerful products I helped create an affiliate program for me only. There is no competition meaning the revenue is encouraging.

Bloggers underestimate the power of consulting with readers. Consulting may reach as high as $40,000 this calendar year with the new tax laws in place. I handle consulting sessions Tuesday and Thursday only, except for tax season and wide spaces around holidays.

Traffic peaked at slightly over 130,000 pageviews per month last year leading up to the Plutus Awards. To my disappointment, traffic is now a hair below 70,000. (This is my own fault. I expected with a Plutus Award I could focus on writing instead to promoting. Didn’t work any better than it does in my tax practice.)

There are plenty of failures along the way as I reached for my writing goals. Each failure was a corpse I could pile higher so I could climb to my goal. I turned the corner on traffic as I’m now focusing on my ego blog as a business.

More failures will bump along as I strive for new heights. It is never easy! Each failure is really just a lesson on the road to success. Remembering this makes it a whole lot easier.




One More Goal

When I entered the demographic as a blogger I received some harassment. Early retirement (ER) is MMM’s shtick; not mine. Many people found this blog through Mr. Money Mustache. My readers only mesh slightly with the ER movement. The ER folks are still good people and welcome to drop in.

People started to remind me I had “one more year-itis”. Well, I do. And I have a feeling it will not end until they plant me six feet below sea level. I enjoy what I do even when I complain. Remember that.

Taking on too much work leads to burnout. Elon Musk is a business hero of mine who has recently concerned me. A recent investor conference call was handled in what I considered a very unprofessional manner (investors have a right to know how they’re investment is being managed). We see some Twitter issues and Musk doesn’t have Teflon skin like President Trump. Part of Musk’s issue, I think, is his heavy workload. Tesla is a huge time demand. Musk is building cutting edge products nobody else is either thinking of or feels is impossible. Then Musk does it. He also admits to fatigue. Reports say he has slept on the factory floor to achieve numbers; no time for driving to work or other distractions when in crisis mode.

You win at life if you don't run the race. RUN THE RACE! You can do anything you set your mind too long enough. Your financial goals are within reach. #goals #winning #earlyretirementAt a fraction of the workload Musk carries, my back shows a serious strain. I look like a mule carrying a heavy weight in a Bugs Bunny cartoon. Tax season is the worst. I cut back from publishing three times a week to two. I think it helps with quality. Quantity should be a secondary consideration only.

Tax season stress doesn’t end instantly and clients sometimes think I have nothing to do all day April 16th so tax season really stretches into June before things really slow. I was so stressed I threatened a countdown clock and wrote (published) about it. I also published a countdown clock on the Where Am I page. When the number on the bottom of the page hits zero I will have published 500 posts here. (I checked statistics last week and can proudly proclaim this blog has 713,000 words already.) Then I walk away.

Except, I probably won’t.

By publishing a countdown clock, I reminded myself of the Warren Buffett 20 slot rule. You only get so many chances to tell a story so you better tell it right the first time. (I’m batting around .500 which is awesome in baseball; not so awesome when writing.) The countdown clock reminds me a day will come when the typewriter stops clicking. It focused my attention and got me thinking about life without writing. It wasn’t a pretty fantasy.

The Plutus Awards published an interview with me earlier this spring. I let the Plutus Awards know about the countdown clock and that I probably wasn’t headed for the sunset.

 

I tell the story of my writing life for a reason. There were plenty of painful moments when I didn’t know what to do. I was lost and spent hours thinking about how I would learn to communicate effectively in the written form. Even when I met success I felt pain. As soon as I reached a goal I made another bigger goal. I get nominated for a Plutus; I want to win a Plutus. I get 130,000 month of pageviews; I want 200,000 pageviews. This 70,000 pageview stuff ticks me off.

Success is defined in different ways. My marriage has different goals with less stressful demands. Career is what causes me to push. I want it all when “all” isn’t possible.

Retirement goals and financial independence are important issues. If you’re rich you don’t quit because the “rich” mindset never quits. Before you amass your first dollar, you are already rich if your mindset is right. Your body just has to wait for the money to catch up.

That is why I changed the title of this post. Winning the game of life is the most important part of life. Money plays a modest role. The quality of your life, your dreams, career, goals, family, health and joy, are what count. “Rich” means you’re always looking for the next challenge when a task is complete because you know that it is what brings meaning to life. Rich people never settle for mediocre.

But rich people also know mediocre days are the price you pay to get to the top.

 

More Wealth Building Resources

Personal Capital is an incredible tool to manage all your investments in one place. You can watch your net worth grow as you reach toward financial independence and beyond. Did I mention Personal Capital is free?

Side Hustle Selling tradelines yields a high return compared to time invested, as much as $1,000 per hour. The tradeline company I use is Tradeline Supply Company. Let Darren know you are from The Wealthy Accountant for a bonus. Call 888-844-8910, email Darren@TradelineSupply.com or read my review.

Medi-Share is a low cost way to manage health care costs. As health insurance premiums continue to sky rocket, there is an alternative preserving the wealth of families all over America. Here is my review of Medi-Share and additional resources to bring health care under control in your household.

PeerSteet is an alternative way to invest in the real estate market without the hassle of management. Investing in mortgages has never been easier. 7-12% historical APRs. Here is my review of PeerStreet.

QuickBooks is a daily part of life in my office. Managing a business requires accurate books without wasting time. QuickBooks is an excellent tool for managing your business, rental properties, side hustle and personal finances.

A cost segregation study can save $100,000 for income property owners. Here is my review of how cost segregations studies work and how to get one yourself.

Amazon is a good way to control costs by comparison shopping. The cost of a product includes travel to the store. When you start a shopping trip to Amazon here it also supports this blog. Thank you very much!



Success is the Best Revenge

It happens to everyone: a business partner embezzles funds destroying the company and leaving you with the mess, an ex betrays your trust, a co-worker or supervisor harasses you. It is easy to get angry and fire from the hip. But reaction only makes it worse. To make matters even worse, the person who slighted you gets away clean while your response is dealt with harshly. There is something true to the adage: the second one to throw a punch gets caught.

There is a better way that doesn’t harm any party involved: success. Success is said to be the best form of revenge, but it only works if it isn’t done for traditional revenge reasons.

The German philosopher Friedrich Nietzsche said if your life has a why you can bear almost any how. This is a fancy way of saying your life needs purpose to strive for the important goals.

Money will drive you if your finances are in desperate straits. Once the basics are covered new motivations are needed to keep striving for goals. Sheer love of the process drives some, but this is the minority. The vast multitudes need something more, a prod to keep them moving forward.




Dreamscape

Failure happens. All your hard work and planning sometimes ends up in flames. Your financial dreams are tested in these dark times and to make it worse, people delight in your pain, some more than others. A certain crowd enjoys watching people suffer. Sometimes it is a crowd specific to you.

People are jealous of other people’s success. The people closest to you can be the worst, secretly delighting in your misfortune. Building financial success is one thing. As the market claws higher, over-spenders of the world secretly pray for the day when the market collapses or at least your investments take a serious haircut. A jealous brother or friend despises you because you had the discipline to spend less than you earn and invest the excess in index funds.

An ex is the worst of all. In their mind you don’t deserve success or any pleasure after your relationship with them ends. There is something decidedly psychopathic about such attitudes. When you move on with your life and start dating again she takes great pleasure in each relationship that doesn’t work out. It’s as if their worth in life is tied to your failures.

Failure happens more than success so the haters have plenty to gloat on. Your financial investments will have plenty of down days, some remarkably so. Staying the course means time will be kind to you so you get more revenge than your nemesis.

All these feelings, unfortunately, are counterproductive. Revenge is the acid which destroys the vessel which holds it. We all attract haters as we grow. People will do incredibly horrific things to tear you down. The higher you climb the more excuses these people have to hate you for your success. They will work tirelessly to harm you.




Perspective

This is where you need perspective. While people may hate you for your success and feel you don’t deserve it (who does?), the truly successful know the truth of human nature. Jordan B. Peterson wrote in his book 12 Rules for Life: An Antidote to Chaos, “Most individuals are dealing with one or more serious health problems while going productively and uncomplainingly about their business.” (I recommend purchase of Peterson’s book. Read it, mark it up and then use it as a constant reference manual on living well.)

It is so easy to sink to the level of those who wish you harm. Striking back is a reflexive response. Mature individuals, however, know everyone is carrying a heavy burden. As Peterson noted, the majority of people are fighting a medical issue or a close family member or friend is. When you think about it that way it is easier to forgive a past transgression.

Forgive does not mean forget. If a friend betrays your trust you can respect the difficulties they are experiencing in their life. But you don’t have to trust them! This is a personal finance blog so we’ll use a financial example. If a friend steals from you or doesn’t repay money you borrowed him you don’t have to keep giving them more. That isn’t what friends do; that is how people enable addicts and other people in serious need to change in their life.

Hating a cheating ex is natural. The bitter feelings need to come out. But get them out quickly or they turn into a cancer harming you! Yes, you have been betrayed. Don’t allow the betrayer to continue harming you!




Motivation

Past bad experiences can be a powerful motivation tool. Anger and bitterness will eventually destroy you. The “I’ll show them” mentality also wears you out in the end. There is a better way to channel this energy.

Revenge is usually not the real motivation. You are hurt over a betrayal and you want to show “them” what they missed. Using success as a form of revenge is really about showing the world how valuable you are. The people who hurt you in the past are not allowed near you and your newfound success.

Revenge over a prior slight is a long-term steady emotion. Deep down it isn’t about revenge; it’s about acceptance. You are projecting your success as a way to let everyone around you know you are valuable. Every action is motivated discovery. Am I really able to do this? The person who slighted you may not even know you are growing and winning. It doesn’t matter. The person you are really trying to impress is yourself.

Failure brings out the worst in people. Failure is a natural and normal part of the success process.

Elon Musk is struggling with production at Tesla. His efforts to build enough cars to turn his company cash flow positive are necessary if he wants his company to survive. He has tweeted several times in the past about his detractors. He warned people selling him short they will learn a valuable lesson soon. Musk isn’t technically out for revenge, though he is working to prove all the naysayers wrong. The motivation is so powerful he is reported to sleep on the factory floor so he has as many waking hours as possible available to apply toward his goals.

Initial thoughts of revenge are counterproductive. Your first reaction is to strike out at the person hurting you. This will cause you more trouble than anyone else. After the initial sting, the steady state of numbness can go one of two ways: you can fold your tent and withdraw or you can focus on the goal. Quitting is an unfortunate reaction. Stepping back and thinking about what you really want and how to go about getting it is far more productive.




Benefits of Success as Revenge

People visiting this blog generally are looking for ideas to lower their taxes, build wealth, start a business or insights on retirement, early or otherwise. All these things are forms of success. Efforts to create something suffer inevitable setbacks. Many slights are only perceived. We think people are laughing at us or rebuking us due to our misfortune. This isn’t always the case.

A parent may show disappointment when an adult child gets arrested for DWI. The instinct is to withdraw. Burying your instinct is important. To move forward, to grow, you need to use your mistake as a motivator for change. You parents aren’t out to get you, nor do they derive pleasure from your failure. They want what is best for you so they show disappointment. And they can’t do it for you. Your anger isn’t really directed at them; it’s directed at you.

Lottery winners learn fast how many friends and family members they have. When the money runs out they find out how many true friends they have. The same applies to all of us to a lesser degree. When you bust your tail at a business or investing for early retirement or world travel plenty of people will dissuade you. Your friends are limited as you are in the building process. Not many people want to stick around. They’re afraid you might put them to work.

As the goal approaches the number of friends increases. Now you have money; now you are successful. The fun part is celebrating a victory and crowds of friends show up for that. Most you never met before in your life. Such is the nature of fair weather friends.

The same applies in the blogosphere. Everyone wants to know the bloggers slamming it. The guy eking out 72 pageviews isn’t fun to be around. It’s all work, research, and discovery. Success isn’t guaranteed. The fun part is when playtime is available. It takes courage to continue. Thoughts of revenge rarely play a key role. But thoughts of showing people in your sphere of influence you have the right stuff does.

One of the most disgusting displays of fair weather friend behavior involves interpersonal relationships. Staring and building a business takes long hours of hard work and sacrifice. Money is tight; every penny is funneled into the project. Relationships are destroyed sometimes. All parties may not be as committed to the project as you. Over my three and a half decades of practice I’ve seem divorces over this kind of thing. What I find disgusting is when success finally arrives the person who left frequently finds their old partner more attractive then. Rekindling such a relationship rarely works because it is based on one party being exceptionally shallow.

When in the trenches, look around you. When you are sleeping on the factory floor giving every ounce of energy to bring an idea to life, stop for a moment to take an inventory of the people with you. One, maybe two, of these people are true friends. When things turn the corner and success is in full bloom it will be more difficult to determine who your friends are as everyone wants to be your friend.

Enemies will be obvious. They’re the ones constantly gloating at every minor failure. They play an important—if not ignorant—role, too. They are a constant source of motivation to climb to the next level. Not to show them, but to remind you of what you are capable of.

 

More Wealth Building Resources

Personal Capital is an incredible tool to manage all your investments in one place. You can watch your net worth grow as you reach toward financial independence and beyond. Did I mention Personal Capital is free?

Side Hustle Selling tradelines yields a high return compared to time invested, as much as $1,000 per hour. The tradeline company I use is Tradeline Supply Company. Let Darren know you are from The Wealthy Accountant for a bonus. Call 888-844-8910, email Darren@TradelineSupply.com or read my review.

Medi-Share is a low cost way to manage health care costs. As health insurance premiums continue to sky rocket, there is an alternative preserving the wealth of families all over America. Here is my review of Medi-Share and additional resources to bring health care under control in your household.

PeerSteet is an alternative way to invest in the real estate market without the hassle of management. Investing in mortgages has never been easier. 7-12% historical APRs. Here is my review of PeerStreet.

QuickBooks is a daily part of life in my office. Managing a business requires accurate books without wasting time. QuickBooks is an excellent tool for managing your business, rental properties, side hustle and personal finances.

A cost segregation study can save $100,000 for income property owners. Here is my review of how cost segregations studies work and how to get one yourself.

Amazon is a good way to control costs by comparison shopping. The cost of a product includes travel to the store. When you start a shopping trip to Amazon here it also supports this blog. Thank you very much!

 



Our Heroes Have Failed Us

Anthony Bourdain and Kate Spade were ripped from our lives in the past week in what early reports suggests are suicides. Robin Williams is another star extinguished before his time.

Kevin Spacey betrayed our trust along with a litany of actors and producers and comedians. It seems like an endless parade of successful men ran to the cliff like lemmings bent on self destruction.

Liz Taylor entertained us for decades. As a role model she left us with issues. Marriages came and went until she reached eight husbands over her lifetime. We see the same behavior today without the distraction of marriage in our modern starlets. Adored musicians race from one bed to the next until the world crashes in.

Closer to home we see bloggers and podcasters who failed us. Some crack under pressure while others lose themselves in drugs and cheap whisky. We idolize these people and want to be like them. Then, when we get a closer look, they have warts like the rest of us.

Friends and even parents can let us down. The perfect marriage collapses and nobody can figure out why. We watch as people we admire undertake destructive behavior. At some level it is entertaining. Deep down we know it ends badly.

We want our heroes to live forever. We want their example to help us live a better life. We want them to entertain us the way we remembered them at the height of their career.

Then something horrible goes wrong as we discover the emperor has no clothes.




Out of Left Field

Professionals who work with a lot of people for long periods of time start noticing patterns. In all the years I’ve been in practice only two clients ever surprised me with their divorce. In both cases I liked my client too much to see the forest from the trees. All the telltale signs were there to see if only I opened my eyes. A third case is impending. I didn’t see it coming, but it isn’t good.

My track record is pretty good. I can tell you within a few minutes of seeing a new client if their marriage or business will last and about how long it’ll last or how much wealth they’ll amass. Then I swing and catch air once every decade or so.

I’m not alone in this unique talent. Clients who are therapists tell me they tell the same thing, which begs the question: If I can see so clearly who will and will not succeed, why don’t I tell them so they can avoid the pain?

If only it were so easy! When it comes to financial matters I do speak up. I am brutally honest with clients contemplating an investment or planning a business venture. It’s rare, but I’ve helped clients I noticed were teetering on the emotional edge by recommending appropriate help. That is easy compared to telling a client their marriage doesn’t stand a chance in hell.

Two divorces surprised me. Not every client I had concerns over actually divorced (yet)! Investments are easy to advise on compared to interpersonal relationships. It’s not my place to warn clients they might not have a strong relationship.




Never Ending Failures

How can super successful people like Anthony Bourdain feel so low they feel the need to end their life? How can a loved rock star sink into drugs and other illicit behavior sure to destroy their career and health?

We can explain away the tragedy by blaming depression or other mental illness.  While I give credence to the explanation, I think a lot more is going on under the hood. Mental illness isn’t a good explanation for why a football mega star is caught beating his girlfriend in a public elevator. Mental illness doesn’t explain why seemingly good people turn dark when they become celebrities.

There s another explanation I want to explore.

Why Good People Do Bad Things

I notice something many people fail to realize: our heroes are normal people thrust into extraordinary circumstances. The international rock star, sports phenom, bestselling author, Hollywood celebrities and even bloggers are real people who were once something else.

Anthony Bourdain wasn’t always there helping us connect with food. Before he became a household name he was something else. Before fame he was a student and before that a child and before that an infant curious about the world around him. Something happened between then and here to cause him to take his own life. What could possibly have gone wrong?

First, it is unlikely a single defining moment which turns people down the wrong path. It can be a single event (divorce, illness, death of a loved one), but usually it is an accumulation of events that leads to their demise. It happens slowly so people adjust and accept the new behavior. Only after the defining moment is it clear—as hindsight so often is—do we recognize the problem.

But the real problem is that these are normal people! The demands on them once they gain fame must be crushing. Hell, your favorite accountant bends under pressure that wouldn’t even register on the scale real celebrities use just running a small business.

Another thing I’ve noticed is how small these people are in real life. Have you ever discovered an author, actor, musician or blogger you really connect with? Of course! Everyone has. We build up an impression of who and what these people are. Then we meet them in real life and they seem so small, so . . .  like everyone else, sans the press of people wanting their attention. Our heroes are frequently underwhelming when seen in real life. They are the furthest thing from a superhero. They just belt out blog posts or books, or act in movies or sing really good. Otherwise they are just like you and me.




Can We Help the People We Admire Survive?

Perception is what drives people to act the way they do. After the Plutus Award ceremony last year where this blog won the Best New Personal Finance Blog of the Year a few of us talked before heading to the party. Congratulations went around as we drank in the moment.

As we prepared to attend the after ceremony party a few in our group felt good about so many people seeing our work. I plagiarized an author I met in Albany two decades ago at a sci-fi convention when I said, “If you walk outside this hotel and ask random people if they know what a Plutus Award is nobody will know what you are talking about.”

That’s the truth of the matter. People inside the demographic might know what a Plutus Award is, but virtually nobody outside the demographic will have a clue. It brings it all back into perspective.

Later this week there is a ChooseFI meetup in Appleton. I was invited to attend. (I’ll be there.) The host mentioned they needed a celebrity to draw more people. I asked who the celebrity they were thinking of inviting. Then it hit me. They meant me! I was flattered as all get-out. But I don’t feel like a celebrity. And in the real world I’m not. But if you love my work and read it regularly you might have a perception I’m some bigger than life individual. I’m not.

Real celebrities are constantly on the go. Travel is hell even when you are on vacation. To be on the road the way Bourdain was had to have been painful (and lonely).

The worst part of popularity is the demands on time. People think they know you because they see your work. No harm is meant when they seek interaction. When the flow is manageable I love the recognition. When the water runs too fast I start drowning.

I never met an author who didn’t enjoy shaking hands and autographing her books. I never met a blogger who didn’t love talking shop and sharing ideas. Really, really famous people are different. Twenty people at a meetup or conference is a manageable group to communicate with. The press of thousands is destabilizing.

We can help our heroes. They are normal people who happened to strike a chord with a vast audience. They went viral so to speak. Books, songs, movies and blog posts all enjoy going viral. The more the better. But time is limited so a viral song or movie can push us to the extreme when it happens.

There are no excuses for what Kevin Spacey did. We can’t condone violence from our heroes. But we have to ask ourselves why so many of our heroes, people who have it all, fail so often. Personally, I think they crack under pressure. I for one would never withstand such an assault! In varying degrees none of our heroes do either. Fame always extracts a cost.

There is nothing wrong with admiring our heroes and role models. We must always be respectful of their time and wishes as it relates to their personal time. We can’t fix our heroes; they have to do that on their own. Support is always welcome, however, when it is unattached to a time demand.

Fame isn’t glorious. Even on a micro scale—the way a local businessperson sees the world—it is demanding. A modestly successful blogger gets several requests per day. People want a piece of you long before you do anything really big.

Many goals require acknowledgement to succeed. As a blogger I want traffic to justify my writing efforts. Traffic means more people will be interested in who this character is writing the blog. It’s natural to want to meet people who have shaped our lives.

Our heroes are normal people known by many. When you see a master at work it is clear they have given their life for their craft. Anthony Bourdain literally did.

Mrs. Accountant and my girls are sacred. I would give a lot for success in my business and this blog. If the price includes any harm to my girls I’d walk in a heartbeat.

But it happens so slowly, building over time, you probably never see it coming. Heroes need more than our admiration; they need our support. When we see one of our heroes, role models, begin to waver we need to take action. Most of us had no ability to help Bourdain. But there are people around you who may need your help: role models, heroes, parents, friends, our children. It is your responsibility to be the hero, the role model, when they do.



Wealth Building Resources

Personal Capital is an incredible tool to manage all your investments in one place. You can watch your net worth grow as you reach toward financial independence and beyond. Did I mention Personal Capital is free?

Medi-Share is a low cost way to manage health care costs. As health insurance premiums continue to sky rocket, there is an alternative preserving the wealth of families all over America. Here is my review of Medi-Share and additional resources to bring health care under control in your household.

PeerSteet is an alternative way to invest in the real estate market without the hassle of management. Investing in mortgages has never been easier. 7-12% historical APRs. Here is my review of PeerStreet.

QuickBooks is a daily part of life in my office. Managing a business requires accurate books without wasting time. Quickbooks is an excellent tool for managing your business, rental properties, side hustle and personal finances.

A cost segregation study can save $100,000 for income property owners. Here is my review of how cost segregations studies work and how to get one yourself.

Amazon is a good way to control costs by comparison shopping. The cost of a product includes travel to the store. When you start a shopping trip to Amazon here it also supports this blog. Thank you.

Making the List

396px-a_list_of_the_names_of_all_the_adventurers_in_the_stock_of_the_honourable_the_east_india_company_the_12th_day_of_april_1684A reader of The Wealthy Accountant recently offered me lunch. I have a weakness when it comes to food. Offer me a free meal and I am virtually a prostitute.

I accepted the offer of lunch for three reasons: 1. He is a local reader; 2. He asked nicely; 3. He wanted to discuss quitting his current job and starting a bookkeeping business as a side hustle. The last point is what got me. A local guy who wants to do bookkeeping is also a guy I might build a strategic alliance with to handle some of my bookkeeping work.

As we talked I shared stories like I do here. Eventually I got to a story I like to tell a lot, but failed to mention on this blog so far. I am not sure where to fit it in, but the story is so powerful it needs sharing. So I decided a story about making a list would be perfect for the Christmas holiday.


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I’ll Tell You Why You’re a Failure




8226451812_88007f08df_bBuying a car is like marriage to me; it is until death do us part. So far she has been the one dying and I remain to keep the memories alive. In 2009 I bought a 2007 Toyota Camry from the local credit union to help them clean up a bad loan. I have never had serious problems, but periodically I have to invest a bit into the vehicle so the ‘ol girl makes it to 20. The Camry had one of those days.

The exhaust pipe broke near the head next to the catalytic. The metal was too thin to weld so replacement was the only option. My neighbor across the road (how convenient living out in the country), Roger, has a lift in his garage and handles most minor repairs for me. I still change the oil so I can brag this accountant gets his hands dirty now and again.

The replacement part had the cat in it so it wasn’t going to be cheap. I went over the O’Reilly Auto Parts for the replacement. It set me back $184. Roger charged me $25 to change it. I knew it was going to be a bit more than a simple muffler repair. When I picked up the section of exhaust pipe the kindly clerk asked me if I was a member of their rewards club. I said I was now. It works like this: for every $150 you spend they send you a $5 coupon for a future purchase. Read More

American Dream: Interviews with Industry-Leading Professionals




51dnv9taxjlI received an ARC from Jason Navallo, author of American Dream: Interviews with Industry-Leading Professionals. As I suspect with most personal financial bloggers, I get an above average number of requests to review books in advance. Most get put to the side for a later reading, if I get to them at all. American Dream caught my eye because Navello asked politely if I would review the book and he provided a small amount of background in the initial email.

What intrigued me from the beginning is the interview format with six very successful professionals from a variety of unrelated fields. I am a sucker for success stories so I made time to read the book. It blew my mind! American Dream is not a long book which is a good thing because I could not put it down. Navallo used a simple format with each professional. He started by asking each professional interviewed to providing some background on their early life and how they came to lead in the industry they are in. Depending on the path the interview took, he would explore unique characteristics to each professional’s path to success. He ended each interview by asking about their belief in the Power of Attraction, favorite quotes, favorite books, best lesson in life, the key to success, and if they believed the American Dream was dead. The answers surprised me. Read More