(Originally written August 28, 2007 in Notebook 19)
I am searching far and wide for that elusive BIG IDEA. What can I do to find it? Or should I settle on a little idea and then another and then another and then another and so on until I have a web of interconnected little ideas that engrosses more area than any singular big idea? Which is better, the proverbial bigness or a network of smallness?
Business idea
- Look into the vending machine industry, especially those candy machines. Is this at all worth it?
- Look into buying and selling on craigslist/eBay
- Business Plan writing
- Party/Event Planning
- Memory Books/Scrapbooks, and things: help the busy world remember and cherish their vacation, wedding, anniversary and party memories
Tuesday, August 28, 2007
Monday, August 27, 2007
Beyond Good & Evil 257-259
(Originally written August 27, 2007 in Notebook 18)
Beyond Good & Evil
Friedrich Nietzsche
Part 9 - What is Noble
257
Every enhancement of the type "man" has been made though an aristocratic society, a society which believes in differences in value of men, and one which needs slavery in some sense.
Truth is hard; one must not ascribe to the humanitarian accounts of the origin of the aristocracy.
The noble class was always the barbarian class. The barbarians conquered the weak.
The barbarians were stronger physically and stronger in soul. They are more whole human beings and therefore, more whole beasts.
The good aristocracy sees itself as the justification and the meaning, not the function of the monarch or commonwealth.
The good aristocracy uses the lower classes as instruments, anything else is a corruption.
Society must exist, not for society's sake, but so that the strong can rise to new heights on the backs of society.
259
When a principle of mutual agreement of will is levied between two men of the same stature it is good manners. But, when it is extended to society as a whole it is a will to the denial of life and a disintegrating and decaying force.
Life is essentially the strong overpowering the weak. "Life is simply the will to power" (Nietzsche, 393).
Exploitation of the weak is essential for any living and thriving society. It is not a corruption.
Beyond Good & Evil
Friedrich Nietzsche
Part 9 - What is Noble
257
Every enhancement of the type "man" has been made though an aristocratic society, a society which believes in differences in value of men, and one which needs slavery in some sense.
Truth is hard; one must not ascribe to the humanitarian accounts of the origin of the aristocracy.
The noble class was always the barbarian class. The barbarians conquered the weak.
The barbarians were stronger physically and stronger in soul. They are more whole human beings and therefore, more whole beasts.
The good aristocracy sees itself as the justification and the meaning, not the function of the monarch or commonwealth.
The good aristocracy uses the lower classes as instruments, anything else is a corruption.
Society must exist, not for society's sake, but so that the strong can rise to new heights on the backs of society.
259
When a principle of mutual agreement of will is levied between two men of the same stature it is good manners. But, when it is extended to society as a whole it is a will to the denial of life and a disintegrating and decaying force.
Life is essentially the strong overpowering the weak. "Life is simply the will to power" (Nietzsche, 393).
Exploitation of the weak is essential for any living and thriving society. It is not a corruption.
Financial Notes 3
(Originally written August 27, 2007 in Notebook 19)
Savings/Investment Plan (1 month)
Today: Open Money Market Account with $25
Friday 8/31/07 Purchase 1st Gov Bond (25)
Thursday 9/6/07 Deposit 25-75 f/ D's paycheck into MM
Friday 9/7 Purchase second Gov Bond (25)
Friday 9/14 Purchase 3rd Gov Bond (25)
Thursday 9/20/07 Deposit 25-75 f/ D's paycheck into MM
Friday 9/21 purchase 4th Gov bond (25)
Friday 9/28 Purchase 5th Gov Bond (25)
Never mind, that plan stinks.
Financial Savings/Investment Plan
Phase I - Savings Accounts and Debt Payoff and Bonds
1) BOA Savings account
- Chris invests all of his savings in here until it reaches $3,000. This is our fall back money
- D puts a small amount each paycheck into here: $10-15 or so, depending on bill needs.
2) Money Market Account
- D invests her paycheck savings here
- Savings from photography goes in here
- The purpose of this account is to achieve high interest for our savings and is usable for mid-range, long-range goals
- There is no maximum on this account because it will eventually be a place for us to get our down payment on the house
3) CC #1
- Pay this off as quickly as possible from D's paycheck. $200-300/check
4) CC#2
- $212 and change is automatically withdrawn from the account months until December and it is paid off
5) CC #3
- Chris pays this off with tips
6) J.A. Cambece
- Pay $25/mo from account until paid off, pay more if possible
7) Bonds
a) EE bonds and purchase $50 EE bonds from BOA account for $25 whenever that account reaches the next highest $100 mark (example purchase it wen it hits $400, $500, $600... $2900, $3000)
b) Since this money comes from the BOA account it is paid out of Chris' tips
c) Once the BOA account hits $3,000 purchase EE Bonds ($50) as often as possible until we reach $2500 in EE Bonds
End of Phase I - Target date mid-2008
Net Worth: $7,000-$8500
Phase II Bonds & DRIP
Bonds
- continue purchasing EE Bonds until we reach $5,000 in par value or 100 $50.00 EE Bonds.
DRIPS
- Purhcase Kellogg's and invest $25-$1000 and then $25.month and let the dividends accrue.
End of Phase II Target Date: December 2008
Net Worth: $11,000-$15,000
Phase III Bonds, DRIPs, IRA
a) Bonds continue with bond investing until we hit $7500-$10000
b) continue with Kellogg's and add one or two more drips
c) Open up IRA
d) Continue to invest in MM account
Savings/Investment Plan (1 month)
Today: Open Money Market Account with $25
Friday 8/31/07 Purchase 1st Gov Bond (25)
Thursday 9/6/07 Deposit 25-75 f/ D's paycheck into MM
Friday 9/7 Purchase second Gov Bond (25)
Friday 9/14 Purchase 3rd Gov Bond (25)
Thursday 9/20/07 Deposit 25-75 f/ D's paycheck into MM
Friday 9/21 purchase 4th Gov bond (25)
Friday 9/28 Purchase 5th Gov Bond (25)
Never mind, that plan stinks.
Financial Savings/Investment Plan
Phase I - Savings Accounts and Debt Payoff and Bonds
1) BOA Savings account
- Chris invests all of his savings in here until it reaches $3,000. This is our fall back money
- D puts a small amount each paycheck into here: $10-15 or so, depending on bill needs.
2) Money Market Account
- D invests her paycheck savings here
- Savings from photography goes in here
- The purpose of this account is to achieve high interest for our savings and is usable for mid-range, long-range goals
- There is no maximum on this account because it will eventually be a place for us to get our down payment on the house
3) CC #1
- Pay this off as quickly as possible from D's paycheck. $200-300/check
4) CC#2
- $212 and change is automatically withdrawn from the account months until December and it is paid off
5) CC #3
- Chris pays this off with tips
6) J.A. Cambece
- Pay $25/mo from account until paid off, pay more if possible
7) Bonds
a) EE bonds and purchase $50 EE bonds from BOA account for $25 whenever that account reaches the next highest $100 mark (example purchase it wen it hits $400, $500, $600... $2900, $3000)
b) Since this money comes from the BOA account it is paid out of Chris' tips
c) Once the BOA account hits $3,000 purchase EE Bonds ($50) as often as possible until we reach $2500 in EE Bonds
End of Phase I - Target date mid-2008
Net Worth: $7,000-$8500
Phase II Bonds & DRIP
Bonds
- continue purchasing EE Bonds until we reach $5,000 in par value or 100 $50.00 EE Bonds.
DRIPS
- Purhcase Kellogg's and invest $25-$1000 and then $25.month and let the dividends accrue.
End of Phase II Target Date: December 2008
Net Worth: $11,000-$15,000
Phase III Bonds, DRIPs, IRA
a) Bonds continue with bond investing until we hit $7500-$10000
b) continue with Kellogg's and add one or two more drips
c) Open up IRA
d) Continue to invest in MM account
Sunday, August 26, 2007
Beyond Good & Evil 248-256
(Originally written August 26, 2007 in Notebook 18)
Beyond Good & Evil
Friedrich Nietzsche
248
There are two types of genius:
1) That which wants to beget (man)
2) That which wants to give birth (woman)
These two types of peoples and genius search for one another looking to combine (as with man and woman) but, as with man and woman they often misunderstand one another.
249
"What is best in us we do not know - we cannot know" (Nietzsche 375).
250
Europe owes many things to the Jews, both good and bad.
Above all Europe owes the grand style of morality, infinite demands, infinite meanings; these we owe to the Jews and it is both the best and worst they have offered.
Nietzsche seeks to initiate a revolution process. He uses the Jews as a model on how to do so while disagreeing with the values they have set.
251
The Jews are the strongest and purest race in all of Europe. They prevail in hardships and change when they wish to.
The Jews have a faith that stands unembarrassed in the presence of modern ideas.
The Jews, if they wished, could take over all of Europe.
But rather than conquering the Jews wish only to be admitted and assimilated into a nation's culture.
The task which Nietzsche is serious about is the cultivation of a new caste that will rule Europe.
252
The English are unphilosophic as a race. Bacon is an attack on the philosophical spirit. Hobbes, Hume and Locke have amounted to a debasement of the value of philosophy.
His characteristic of an unphilosophical race is to cling to Christianity. The English need Christianity for its discipline, its power to moralize and its power to humanize.
The English person lacks a musical sense. The movements of their bodies and souls completely lack rhythm and dance.
253
There are truths that are recognized by mediocre minds at best.
The spirit of respectable, albeit mediocre, English minds like Darwin, John Stuart Mill and Herbert Spencer is becoming fashionable in middle Europe.
These mediocre minds are necessary at times. For they are knowledgeable, but the higher man is a man who "can"
The disparity between 'know' and 'can' is great. In fact, a high mind must be able to do something starkly new and innovative. Their focus on new and can may demand that he not know as much.
254
The French are a semi-successful blending of the North and South cultures.
255
We must rise above the good and evil, and as the sun sets on the moral world it becomes hospitable and profound enough for fugitives.
256
"Europe wants to become one" (Nietzsche, 386).
Beyond Good & Evil
Friedrich Nietzsche
248
There are two types of genius:
1) That which wants to beget (man)
2) That which wants to give birth (woman)
These two types of peoples and genius search for one another looking to combine (as with man and woman) but, as with man and woman they often misunderstand one another.
249
"What is best in us we do not know - we cannot know" (Nietzsche 375).
250
Europe owes many things to the Jews, both good and bad.
Above all Europe owes the grand style of morality, infinite demands, infinite meanings; these we owe to the Jews and it is both the best and worst they have offered.
Nietzsche seeks to initiate a revolution process. He uses the Jews as a model on how to do so while disagreeing with the values they have set.
251
The Jews are the strongest and purest race in all of Europe. They prevail in hardships and change when they wish to.
The Jews have a faith that stands unembarrassed in the presence of modern ideas.
The Jews, if they wished, could take over all of Europe.
But rather than conquering the Jews wish only to be admitted and assimilated into a nation's culture.
The task which Nietzsche is serious about is the cultivation of a new caste that will rule Europe.
252
The English are unphilosophic as a race. Bacon is an attack on the philosophical spirit. Hobbes, Hume and Locke have amounted to a debasement of the value of philosophy.
His characteristic of an unphilosophical race is to cling to Christianity. The English need Christianity for its discipline, its power to moralize and its power to humanize.
The English person lacks a musical sense. The movements of their bodies and souls completely lack rhythm and dance.
253
There are truths that are recognized by mediocre minds at best.
The spirit of respectable, albeit mediocre, English minds like Darwin, John Stuart Mill and Herbert Spencer is becoming fashionable in middle Europe.
These mediocre minds are necessary at times. For they are knowledgeable, but the higher man is a man who "can"
The disparity between 'know' and 'can' is great. In fact, a high mind must be able to do something starkly new and innovative. Their focus on new and can may demand that he not know as much.
254
The French are a semi-successful blending of the North and South cultures.
255
We must rise above the good and evil, and as the sun sets on the moral world it becomes hospitable and profound enough for fugitives.
256
"Europe wants to become one" (Nietzsche, 386).
Friday, August 24, 2007
Financial Notes 2
(Originally written August 24, 2007 in Notebook 19)
Ch. 2 - Credit Unions
Ch. 3 - Uncle Sam & Savings Bonds
Series EE Savings Bonds
Purchase Price = 50% of bond's face value
Values: 50, 75-100, 200, 500, 1000, 5000, 10,000
Costs: 25, 37.50, 50, 100, 250, 500, 2500, 5000
Bonds stop earning interest at final maturity date and then should be redeemed or rolled over into HH bonds
Purchase these at www.savingsbonds.gov
Ch 5 - Money Market Funds
Ch. 2 - Credit Unions
Ch. 3 - Uncle Sam & Savings Bonds
Series EE Savings Bonds
Purchase Price = 50% of bond's face value
Values: 50, 75-100, 200, 500, 1000, 5000, 10,000
Costs: 25, 37.50, 50, 100, 250, 500, 2500, 5000
Bonds stop earning interest at final maturity date and then should be redeemed or rolled over into HH bonds
Purchase these at www.savingsbonds.gov
Ch 5 - Money Market Funds
Wednesday, August 22, 2007
Beyond Good & Evil 240-247
(Originally written August 22, 2007 in Notebook 18)
Beyond Good & Evil
Friedrich Nietzsche
Part 8: People and Fatherlands
240
Richard Wagner's overture to the Meistersinger best expresses Nietzsche's thoughts on Germans: "They belong to the day before yesterday and the day after tomorrow as yet they have no today" (Nietzsche, 364).
241
One day the stronger will become master over the strong and with the spiritual flattening of one people there will be compensation in the spiritual deepening of another people.
242
Europeans are becoming more and more similar to one another in a physiological effect of the democratic movement.
They are becoming detached to their climate and class, which is the origin of race.
The new man of Europe is characteristically nomadic and possesses the power of adaptation.
The modern ideas will have disastrous consequences: it will lead to the leveling of man and hence, the mediocritization of man.
The democratization of Europe is preparing a people that are only fit for slavery.
243
The sun is moving towards the constellation Hercules, we men should follow the sun!
244
The German soul is a hodgepodge of diverse origins.
The German people elude definition.
One is rarely completely wrong about the Germans.
The German soul is disorderly with an air of mystery.
The German is contradictory in essence: He is good-natured and vicious.
The German is a man of disguises.
The Germans are the "deceiver people".
245
Mozart was the end of the "good old time". Beethoven was a period of transition. Whatever came after him was romanticism.
Romanticism is superficial; the transition form Rousseau to Napoleon.
With Romanticism came the danger for the Germans (and German music) to cease to be the voice for the soul of Europe and to slink down to mere fatherland-ishness.
246
Books to Germans are like words said to the deaf, they are wasted on them!
247
Until recent clumsy attempts the only rhetorical eloquence in Germany came from the pulpit.
Only the preacher knew how to deliver words that had the correct sound and meaning.
Only the German Bible, Luther's Bible, grows in the hearts of Germans because no one else knew how to use the words.
Beyond Good & Evil
Friedrich Nietzsche
Part 8: People and Fatherlands
240
Richard Wagner's overture to the Meistersinger best expresses Nietzsche's thoughts on Germans: "They belong to the day before yesterday and the day after tomorrow as yet they have no today" (Nietzsche, 364).
241
One day the stronger will become master over the strong and with the spiritual flattening of one people there will be compensation in the spiritual deepening of another people.
242
Europeans are becoming more and more similar to one another in a physiological effect of the democratic movement.
They are becoming detached to their climate and class, which is the origin of race.
The new man of Europe is characteristically nomadic and possesses the power of adaptation.
The modern ideas will have disastrous consequences: it will lead to the leveling of man and hence, the mediocritization of man.
The democratization of Europe is preparing a people that are only fit for slavery.
243
The sun is moving towards the constellation Hercules, we men should follow the sun!
244
The German soul is a hodgepodge of diverse origins.
The German people elude definition.
One is rarely completely wrong about the Germans.
The German soul is disorderly with an air of mystery.
The German is contradictory in essence: He is good-natured and vicious.
The German is a man of disguises.
The Germans are the "deceiver people".
245
Mozart was the end of the "good old time". Beethoven was a period of transition. Whatever came after him was romanticism.
Romanticism is superficial; the transition form Rousseau to Napoleon.
With Romanticism came the danger for the Germans (and German music) to cease to be the voice for the soul of Europe and to slink down to mere fatherland-ishness.
246
Books to Germans are like words said to the deaf, they are wasted on them!
247
Until recent clumsy attempts the only rhetorical eloquence in Germany came from the pulpit.
Only the preacher knew how to deliver words that had the correct sound and meaning.
Only the German Bible, Luther's Bible, grows in the hearts of Germans because no one else knew how to use the words.
Financial Notes 1
(Originally written August 22, 2007 in Notebook 19)
On a completely different subject, I broke down and bought an investing book. Who am I? Where is the youthful Chris Linehan?
How to invest $50-$5000
Nancy Dunnan
"Waiting means never getting started"
"Plan out your goals"
The rule of 72
Divide 72 by the interest rate and you wind up with the number of years it will take you to double your money.
a) 72 divided by 3.5% is 20.5 years
b) 72 divided by 6% is 12 years
caveat: the rule of 72 does not account for taxes
Ten Dumbest Mistakes People Make About Money
1) Being ashamed to invest small amounts
2) Having inadequate emergency savings
- Solution: stash 3-6 months of living expenses in a money market fund or bank CD
3) Leaving cash in a bank savings account
4) Operating too many accounts
5) Confusing income with appreciation
6) Avoiding financial goal setting
7) Failing to diversify
8) Procrastinating
9) Ignoring savings plans at work
10) Failing to have a will
Personal Finance Calendar
Call (800) 829-3676 and request IRS publication #535 and #463
January:
- Buy holiday cards and wrapping paper
February:
- Shop president's day sales for winter clothes
- outletbound.com -> outlet shopping
May:
Book summer vacation!
June:
www.summerjobs.com
July:
start an investment club (www.better-investing.org)
Ch. 1
Find a bank where interest is compounded daily, not quarterly
On a completely different subject, I broke down and bought an investing book. Who am I? Where is the youthful Chris Linehan?
How to invest $50-$5000
Nancy Dunnan
"Waiting means never getting started"
"Plan out your goals"
The rule of 72
Divide 72 by the interest rate and you wind up with the number of years it will take you to double your money.
a) 72 divided by 3.5% is 20.5 years
b) 72 divided by 6% is 12 years
caveat: the rule of 72 does not account for taxes
Ten Dumbest Mistakes People Make About Money
1) Being ashamed to invest small amounts
2) Having inadequate emergency savings
- Solution: stash 3-6 months of living expenses in a money market fund or bank CD
3) Leaving cash in a bank savings account
4) Operating too many accounts
5) Confusing income with appreciation
6) Avoiding financial goal setting
7) Failing to diversify
8) Procrastinating
9) Ignoring savings plans at work
10) Failing to have a will
Personal Finance Calendar
Call (800) 829-3676 and request IRS publication #535 and #463
January:
- Buy holiday cards and wrapping paper
February:
- Shop president's day sales for winter clothes
- outletbound.com -> outlet shopping
May:
Book summer vacation!
June:
www.summerjobs.com
July:
start an investment club (www.better-investing.org)
Ch. 1
Find a bank where interest is compounded daily, not quarterly
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