Saturday, March 14, 2009

Dinner Plan B

In the book 'Millionaire Next Door',  a book that explores the hidden multitude of Millionaires in America, the common thread among Millionaires was that they almost all said that their spouse was more frugal than they are.
My wife is frugal when she has to be, she more or less doesn't care about money.  She likes it when she has it and she copes when she doesn't.
When my wife and I were first dating, I was just finishing my MBA I was living in a friends spare room, my car was intermittently quitting.  I had just gone through the last of my student loan money, my credit card was maxed out, and my paid assistantship was over.  I was broke during 1994, right before the tech bubble really got started, I was stuck in Terre Haute, Indiana a place that has historically high unemployment.  Clinton had just won the presidency on the slogan, "It's the economy, stupid."
Anyway, I just finished my MBA, I was deathly ill, it was Christmas Eve and everyone I knew had gone home.  I didn't have the money, or the reliable means of transportation to travel the 100 miles or so to my home.  I heard a knock on the door at 1:00 AM it was the police, they said that my car's window had just been smashed (why I still don't know.)  I had no food, no medicine, no money, and now because it was zero degrees outside, no car.  I sounded so bad my mother tried to drive to my rescue, but couldn't because of a massive winter storm that made the roads impassible.  I had what the alcoholics called "hit bottom", without even taking a drink.
Anyway, I called Ellen, whom I had been seeing for a few months.  I just wanted some sympathy, an ear to listen to me whine.  She cut her family vacation short, got behind a snow plow, and drove 10 hours from Kansas City to rescue me...
I knew then, that she wasn't after my money....
She has been my wife now for 14 years.  She is still my best friend, and the love of my life.  I have the luxury of knowing that if she could love me when I was down, she would love me forever.   So, like Carl, in the movie Caddyshack.... I got that going for me....
Anyway, I told you that story to tell you this story.
My wife, has the remarkable ability to salvage any meal.  Burnt meat, cut off the carbon, make a sauce from the drippings, coat meat.   Cries of joy at the beautifully prepared meal.  Over salt something, it gets turned into soup.  Got a can of peas, some chicken and a bag of egg noodles, suddenly a feast appears.
My wife bakes bread from scratch like a high end bakery, she makes her own croissants, a three day process using only  butter, flour, yeast and salt.  Jesus, I couldn't make library paste with those ingredients, much less flaky croissants.  Right now, I am enjoying some home made pancakes.  What Ellen and I have discovered through the years, is that the cheapest foods, when prepared right, are the best foods in the world.  You listen to the French speak honestly about the food, and they always said, well we stewed this because we couldn't sell this bit of the cow.  Or, we just waited until everything else sold at the market, and offered a tiny amount for what was left over, which generally tended to be what was in season, what was abundant and healthy and what was abundantly grown and raised in that area.  Well, like I said, when we were first married we lived on about 15,000 per year for two people.  Which was more money than I had ever seen before, and was still technically teetering on the edge of the poverty line.  
How well did we eat...we ate great!  We had home made pizzas, spaghetti with every kind of sauce, roasts, turkey on Thanksgiving, and Ham at Christmas.  We always had nutritious filling food, that was also cheap.   We were living on $100/month for food, and I was getting fat.  In fact, the kroger that we frequented had a program that if you spent $25.00 per week for 12 weeks you got a free turkey at Thanksgiving, and a Ham at Christmas.... so we scrupulously worked that promo, to make sure we had a main meal.  Our bible was the cheapskate handbook, by Amy Dacyczyn (Pronounced 'Decision') We read it and took comfort in her words that we would be OK, it was our bible, and our coach when we felt low.  
From her, and other sources, we learned to make our own bread, our own yogurt, our own beer, our own soymilk, our own tofu, cheese, pickles, and even how to age a ham.... an experiment in progress.  We have found that homemade cleaners work as well as store bought at a fraction of the cost.  That we can made red beans and rice, as good as a any chef in New Orleans for about a buck fifty for a family of four.  Not that we didn't have failures along the way, but that's part of the fun.  Our breads, and pickles and beer is the wonder of the neighborhood.  One little neighborhood boy when asked what he wanted for his birthday, he nearly shouted he wanted homemade croissants!    I have eaten in some of the finest restaurants in the country since then, and always when the food was memorable, I couldn't wait to try to make it at home, sometimes with very poor results, but sometimes the remade version at home was better than the original.
I guess, if I have a point it's this.  Marry someone when you are poor and make sure they can cook.  Eat cheap, because cheap usually means it is abundant fresh, and local.  Don't be afraid to experiment, even when it's bad, it will give you some insight into the beauty of good food, and if nothing else, it will give you a good story.

Thursday, March 12, 2009

Plan B, part C

Ah poverty, what a relief it was.... well not really. I have good memories of being poor. Not just poor...but desperately poor, in the hole for about $70,000, and earning about $7.00 an hour. Actually it was less. I think I graduated with an MBA and could only find a job for minimum wage at the local sewer department in Terre Haute Indiana.... If you know Terre Haute Indiana you can make up your own joke here.

My wife and I had student loans of about 55k, and a car loan for about 11k, and about 4k in credit card debt. What assets did we have? We had a pick-up truck, a beat up escort with 150k miles on it....and (sigh) love......

We lived in a converted motel, it looked a lot like the motel in psycho, except our rooms weren't as nice. Next door was the city graveyard.... again, make up your own joke here. Ellen was finishing up her bachelors and I was finished with my Masters degree. However, there were no jobs, nada, nil. Sort of like now, but worse.

For fun we would walk our dog through the graveyard. One time, as we were walking through the graveyard I turned to her and said: "You know, we are going to look back on this time in our life as one of the happiest times in our life." She looked at me like I had two heads, and smiled and said, "You are probably right."

Damn tooting I was right.

I think people are made for impossible tasks. It makes us give up hope, and simply survive. Buddhism has nothing on futility for peace of mind. I didn't have to stare at my naval to submerge my ego. I had the sewer department of Terre Haute Indiana. Oh by the way I was let go of that job.......

Wednesday, March 11, 2009

Plan B, Part B

Plan B
Well, there are actually several plans B. It just depends on how bad the economy gets. My first Plan B is to stop spending money. Period. No cable, no dinners out, no shopping except for food. No entertainment budget, no booze, nothing. Just good old fashioned boredom.

My second Plan B is to start a business.... since I was in staffing and personnel before, maybe not the best idea where every company has a hiring freeze.

My third Plan B is to get a survival job, until things turn around. My god I don't really want to do this.... but I could probably find a crap job that would pay for my small mortgage and the utilities. It might even be fun... but I doubt it. I haven't really worked for anyone in a decade.

My fourth Plan B is to do all of the above... a shotgun approach, save the money, start a business and then work a crap job to survive. Oh good, subsistance affluence.

Tuesday, March 10, 2009

Why Plan B

....since primordial cave man, there has always been a plan B:

Day 1
(Caveman) --- Honey, I'm going hunting with the guys.....
(Cavewoman) --- That's fine dear, hey you know before you go, could you plant some of this wild wheat close to the cave so I don't have to go down to the river... it's a long walk... besides it's scary down there.
(Caveman) -- (sigh) OK Honey

Day 2
(Caveman) -- Honey... is it OK if I go out hunting with the guys today.
(Cavewoman) --- Sure dear, but first, could you get some of that fire that burned down the forest and bring it into the cave, it would make the cave nice and warm.... not a lot of fire, just a little fire, and put it right there.
(Caveman) --- umm... well, I guess so, isn't that really, really dangerous?
(Cavewoman) -- not if it's just a little fire.... thanks dear.
(Caveman) -- (looking dubious) ...umm...ok............?!?

Day 3
(Caveman) -- (sneaking away with spear looking over his shoulder.....)
(Cavewoman) --- Oh good your going hunting....
(Caveman) --- !HUH!...yes....yeah.... bye dear!
(Cavewoman) -- Hey Before you go... could you build a you know a building or something to hold the wheat for when we harvest it... and maybe a place where we can stay, you know.....inside of the, building, instead of this damp old cave?

...and on and on until we reach the Moon and develop Rice-a-roni.... Yes, you guessed it all of civilization is just a giant Honey-Do list.

What I am saying is that in some way or another we all have to live Plan B.
There is no shame in Plan B, in fact without Plan B, we would all still be hunting and gathering and living in caves. In fact, hunting and gathering has become our new plan B. But before that begins, I would like to discuss my own personal Plan A and Plan B.

Plan A: Get an MBA, Help a buddy with a business, sell the business 10 years later, put all the money into the stock market and retire at 40, to raise a lovely small family.

Ok...well... I think you see my problem.... and it's not that children are little animals, which surprisingly they are..... lovely little animals, but still. My problem is that I have retired at 40, with all of my money into the stock market, just three years before the stock market has declined the most since the great depression.

I am not boo-hooing over my mess. In many ways I am quite lucky, I do have savings, I do have a great deal of equity in my home. My family is healthy. I can pay my bills....for now. My wife still loves me, and the kids are clever little monkeys. Also, I have lived poor, really poor, and even though it is frightening, it's not the end of the world. In fact, when my wife and I were first married, we were so poor and so deeply in debt that I had a hard time keeping the faith that we would ever survive. It was the happiest time in my life......more about that later.

Well, anyway, I have to go now. What about Plan B? Next time.... next time.