5 Last-Minute Valentine’s Day Tips

 

Guys, you can't go wrong with novelty sports memorabilia. Women love that stuff more than any romantic dinner or lump of jewelry.

It’s crunch time, guys. Just remember, you can never go wrong with novelty sports memorabilia. Women love that stuff way more than any romantic dinner or lump of jewelry.

 

Of course not, you should know by now that we don’t do that kind of garbage. But if it gets a few more halfwits to click through, we can increase our advertising rates minimally and maybe make an extra nickel this year. Hey, we don’t call it Control Your Cash for nothing.

The misleading title notwithstanding, we recently discovered something fascinating: a couple whose marriage is mostly if not entirely utilitarian. Meet Bethany Soule and Danny Reeves, 2 nerds with 2 kids who claim to have decreased or eliminated resentment by asking each other “What’s it worth to you?” whenever a roadblock appears. Every non-sexual act in their relationship has a dollar figure attached. They charge for chores, in a fashion that we can only assume (honestly) goes something like this:

Bethany: [sees FedEx tag on door] Dammit. The ship facility is 5 miles away. I don’t want to pick this up.

Danny: I don’t want to pick it up either. But hey, finders keepers. That includes FedEx tags.

Bethany: You know our agreement doesn’t work that way. You sure you don’t want to pick it up? I’ll give you $5, plus our standard 27¢ a mile.

Danny: I wouldn’t get out of bed for $5 + 27¢ a mile.

Bethany: Neither would I, but someone has to get this. Make me an offer.

Danny: $10.

Bethany: No. You want $12?

Danny: You’re getting there. Wait, what if this is just some stupid legal notice that we already received in the mail?

Bethany: That’s the chance you take. $12 is my final offer.

Danny: I’ll give you $15.

Bethany: [stretches out hand] Love you! [drives away]

It can’t be that simple, can it? Apparently it is. Plus it seems to work, judging by the looks of glee on Bethany’s and Danny’s faces.

They also use separate bank accounts. We don’t know why, but can only speculate that doing so makes it easier to keep score. As Bethany pithily states, money is utility. If you want to do a chore, or pass off a chore, it’s either going to give you a positive or a negative feeling. So why not quantify it? And what better to quantify it with than our universal system of fully fungible pluses and minuses, money?

A radical idea, the future spread of which remains debatable. Still, its progenitors seem to take it past the bounds of reason. “They submitted sealed bids worth several thousand dollars” for their kids’ names. That would be Faire and Cantor, which makes us wonder a) what the winning bids were and 2) what the losing choices were. Moon Unit and Dweezil? Erik and Lyle? Coheed and Cambria?

Okay, maybe we can tie this into Valentine’s Day (or as the Italian kids in our neighborhood always pronounced it, “Valentime’s”) after all:

Fellas, ATTEMPT THIS ONLY IF YOUR SIGNIFICANT OTHER IS A COMPUTER SCIENCE MAJOR. (Even then, don’t suggest it on Valentine’s Day.) Bethany has a master’s in such from Columbia. In other words, God bless her, she thinks like a dude. Trying this with a woman of standard female intellect* would likely mean tears and possibly mean projectiles being thrown. (Fortunately, with the elbow as a fulcrum, so at least whatever’s being thrown won’t be moving that quickly.)

By the way, not only is Danny a computer scientist in his own right, the 2 of them are competitive stair climbers. Of course they are. Again, they’re doubtless happy with this curious system they’ve developed.

Seriously, though, what would the harm be in trying this in your home? You’d have to devote time to the task, every chore that needs to be transacted upon now requiring a discussion, but eventually that would work its way down to mere seconds per chore. And even that isn’t necessarily a cost, because it would supplant the feelings of mild resentment that normally occur when you’re confronted with something you hesitate to do.

Practically speaking, it seems it would help if each partner has similar income and/or net worth. Also, there are inherent differences between the partners. The Soule-Reeves household adjusts the parameters to account for such factors as Bethany being unable to sell or otherwise transfer the cost of her pregnancies.

Here at CYC we wouldn’t dare preach anything that we wouldn’t practice. We’ll implement a modified version of this system in our own household, and see if it (the system, if not the household) doesn’t implode before our next post is scheduled. Which would be next Wednesday. Don’t hold your breath, but we’ll attempt this with an open mind. And a clear heart. And an ignorant disregard of the potential pitfalls. ‘Til next time.

 

*Ladies, you’re offended by that phrase, but there is no way you could explain why. 

Carnival of Wealth, Sioux Falls Edition

 

As you can see, half the international visitors to Sioux Falls will have no problem driving on the left side of the road

As you can see, half the international visitors to Sioux Falls will have no problem driving on the left side of the road

 

South Dakota’s largest city boasts a metro population of almost a quarter-million people. Crimes occur at about half the rate they do across the country, and from personal experience we can attest to the friendliness of the locals. Hotel chains include Staybridge Suites, Holiday Inn Express (2 of them!), Residence Inn, Hampton Inn, Candlewood Suites and dozens more.

The local animal control treats dogs and cats with what we can only assume is traditional American compassion. Toilets in public places are of the single-fixture-to-a-stall variety.

In other words, Sioux Falls is a far better place to hold the Olympics than the site the principled, honorable, incorruptible International Olympic Committee ended up selecting without any regard to payoffs or bribery. Sioux Falls even has a skiing venue, kind of. The Olympics in general are the worst thing ever – cost overruns, Palestinian terrorists, the 1972 men’s basketball gold medal game, pretending the Republic of China doesn’t exist, wishing Israel would disappear, Matt Lauer. Each time, it’s 7 years’ worth of obscene capital expenditures for 2 weeks’ worth of glorified track meet. The U.S. could set an example by bailing out, given that we’re already home to the world’s most elite leagues in several sports. We could leave the Olympics to Cameroon, Niger, Malaysia…nations whose pride really is contingent on this overblown biannual get-together. If the Olympics really are important to your country, your country is thus by definition second-rate.

Onto the submissions. Last week we ran a post from Chris, the semi-functional Mongoloid who runs Easy Extra Dollar. This week, he sent us the exact same post. The blame lies with us, because we failed to notice last week that the post is a year old: it celebrates its birthday on the 20th. The excerpt we ran in the previous carnival was the best illustration we could find of his profound illiteracy, so it’s all we can do now to show you the 2nd-best example of such:

Part times jobs before were hunted by many people who don’t have any stable job. So, these people use to have 3-4 part times jobs and use it as their source of income for them to pay their household bills. With this reason, many of the plentiful part time jobs were already not able in your locality.

Chris claims to have an MBA. He also has a wife and 2 kids, both of whom would be better off being raised by feral dogs than having this moron for an authority figure.

It’s not that he’s stupid. There are plenty of stupid people. It’s that he’s so stupid, he doesn’t even know his role. If he’s smart enough to know to put a picture of his face on his About Me page, as opposed to, say, a picture of his elbow or a rhododendron, how is he not smart enough to think, “Maybe writing down my incoherent thoughts and paying a web hosting service to help me share them with the world is not something I should be doing”? How does he remember to feed himself? Or to alternate inhaling with an exhaling, instead of doubling up on one or the other? Alyssa Lommel loses all 10 fingers, but Chris is still able to pound away at a keyboard with impunity until sort-of words come out. If this is a just universe, Chris will end up frozen on his doorstep while 10 shots of tequila course through his bloodstream. At least he doesn’t need alcohol to feel no pain in that overmatched brain of his.

(Post rejected because it comes from 2009Tax.org. Another guy whom we berate every time for making a mockery of the proceedings, and yet he continues to mock away. Why do we do this again?)

We’re still deep in the woods. Jon Haver at Pay My Student Loans sends us a month-old post about how to stretch out your loan payments to 20 years. Loan methadone.  Government programs to mollify the effects of the other government programs you took advantage of to get in this mess in the first place. The bureaucrats win on both ends, as do the mindless millions who indirectly support them and thus help perpetuate this nonsense. You’ll never get out of student loan debt. Stop pretending that you ever might.

Joshua Rodriguez at CNA Finance discovered thin air, the substance that the Federal Reserve creates “quantitative easing” out of. And can we stop using euphemisms? QE is the name of the process under which the Fed trades cash reserves to banks for bonds. The Fed isn’t printing money so much as it’s creating liquidity. The problem is, it isn’t working. You know, this really warrants a post of its own rather a hastily scribbled paragraph in what’s supposed to be a summary of Joshua’s post.

Mark Ross Canaoay at Money Saving Dude reviewed The Millionaire Next Door.

Time for the heart of the order. Paula Pant at Afford Anything received an email from an ambitious emailer. Instead of giving him* general advice, she asks him to assess his life situation, income potential etc. first. Paula also recommends creating an emergency fund, but we’ll gloss over that.

Every week, we can count on Jason at Hull Financial Planning to fit at least one $10 word seamlessly into his post. This week that word is “psychophysical”, used to explain why humans become perversely more numb the greater the tragedy. Honestly, which affects you more – a paper cut, or the conflict in the Niger Delta? (Google it.) Also, we’re better at addition than we are at division:

When asked whether they wanted to pick from a jar that had 1 winning red jellybean and 9 losing white jellybeans or 7 winning red jellybeans and 93 losing white jellybeans, people invariably chose the latter bet.

We are a dumb, dumb species.

Are you saving too much for retirement? Or to rephrase the question, are you too hopeful about how long you’ll live? PKamp3 at DQYDJ.net dispels the idea that advice created for the masses must therefore apply to the outliers, many standard deviations from the norm.

Justin at Root of Good explains that reaching any financial goal, particularly full independence, isn’t a discrete event. It’s a process, hopefully one that takes less than most of your life.

Finally, Harry Campbell at The 4 Hour Work Day asks how much your time is worth. He doesn’t call it such, but his post demonstrates Ricardo’s Law of Comparative Advantage.

When I was young, my dad’s favorite line to get me to do something that he didn’t want to do was, “You’re young, your time isn’t worth as much as mine.”

Then why are old people so damned slow? They should be driving faster than the rest of us, and trying to get through the checkout lane as quickly as possible. Come on, is time precious or not?

Did we mention we’re on Investopedia? Because we are. The Stacking Benjamins podcast too. See you next time.

 

*We don’t know what sex the emailer is. We would have assumed female but that means we’d have written “Instead of giving her general advice…”, which makes it sound as though Paula, the presumed antecedent of the pronoun her, has a reservoir of general advice that she taps to answer every emailer’s questions with.