September’s Financial Retard of the Month

 

We’d like to take the credit for giving this photo the Roy Liechtenstein treatment, but that’s all Trent.

 

We try to mix it up, really we do. But sustained excellence is something to be cherished and noted, not downplayed. In 1997 the NBA named Karl Malone its most valuable player for no better reason than the voters were tired of giving the award to Michael Jordan. Malone’s Utah Jazz met and got eviscerated by Jordan’s Chicago Bulls in the finals that year, and the following one, leaving one to wonder what might happen to that poor (literally and figuratively) chubby self-indulgent whore from So Over This were she to square off against Trent Hamm in this year’s Financial Retard Championship Series.

Yes, the sage behind The Simple Dollar is our honoree yet again. For those of you unfamiliar with Trent Hamm’s act, he’s a socially inept hypermiser who tells his mouth-breathing minions to save money by making their own toothpaste, not turning the oven light on, and swimming in their underwear. (That sentence sounds like a hyperbolic attempt at humor. We swear on our account balances that every word of it is literally true. And we’d link to the offending stories, but it’s easier for you to just go into the search box at the top right of this page and enter “Hamm”.)

Having conquered the realm of personal finance, Trent Hamm is now going to take on relationships. He and his lovely wife have figured out the way to eternal happiness, and in between the child-rearing and collecting of rocks by the roadside (another literal truth, search our archives), it involves some wildly unimaginative gestures:

One of the most effective ways to cement our relationship and keep it strong is something incredibly simple that costs almost nothing and is something people have been doing for hundreds of years.

I just write a little note for Sarah and stick it somewhere where she will find it later.

The more of Trent Hamm we read, the more we’re convinced that his father used to beat him with a giant wooden nickel. No one can hate/fear money that much without having a lasting reason. Don’t just send notes because it’s something couples do, do it because it’s cheap!

Later in the same post, just in case you missed the part about how cost-effective leaving notes can be:

 It takes a few minutes to do and it’s practically free.

So once you’ve written a note, you should gingerly place it atop the summit of K2 or inside Fort Knox, right? Or perhaps you should seal it inside a bottle, toss it into the ocean and hope for the best?
Wrong:

stick that note somewhere where your partner will discover it. Drop it in a purse. Tuck it in a wallet. Stick it in the console of their car.

You see, if you place the note per Trent’s directions, the object of your note will then find it. Finding the note is the key to having it read.

The above tip has nothing to do with personal finance, evidence that Trent might be slipping in his dotage. The old, hungry Trent would have given stationery prices and explained much you can save on ink if you don’t dot the i’s in said love notes.

It takes more than just a sappy and pointless observation to qualify someone for Financial Retard of the Month status, however. Earlier this week Trent went on a rant about “mindfulness”, in response to a “reader” (named Trent) who “wrote an email” (that is, thought to himself) about how to be frugal. Of course. Here’s Trent on mindfulness:

Let’s say I’m thirsty. We’re on a long road trip and I’m feeling a little drowsy, too. We stop for gas at a gas station, so I head inside looking for a beverage, since our cooler is empty.

If I’m not mindful, I’d just glance for the first high-energy drink, buy it regardless of the cost, and happily head out to the vehicle. It’s tasty, it’ll give me an energy boost, it’ll quench my thirst – why not?

There are a lot of factors involved, though. Is it healthy? Is the package just going to get tossed in a trash bin? What does it cost? Will I actually feel better after consuming it or just get jittery? Do I respect the company that makes the product? Am I setting a good parental example?

The superfluous words in his sloppy writing never get old. “We stop for gas at a gas station”, as opposed to stopping for gas at a hardware store.

You want to know how to be miserable, indecisive, morbidly obese and stuck in Iowa? Ask yourself half a dozen questions before doing something as routine as buying a drink while your Prius fuels up.

How does this nut make it through the day? What happens if he finds a drink that’s healthy, and that comes in an decomposable and/or edible package, and that’s inexpensive, and that will make him feel better after “consuming”* it, but that comes from a company he doesn’t respect, and that makes him set only an indifferent parental example? That’s 4 out of 6, right? A passing grade.

The only thing more depressing than our nation’s $16 trillion budget hole is that Trent Hamm has 92,675 readers (according to the latest Feedburner data.) If you’re one of them, and God help you if you are, get out now while you can. If spending 99¢ on a bottle of Aquafina requires that much conscious thought, think about what you’ll be getting into if you ever have to buy a house. As for how to buy a house, read Chapter VIII here. You’re welcome.

*He means “drinking”, for all you conversational English speakers out there. Trent is also the only person on Earth who routinely says “children” instead of “kids” and “automobile” instead of “car”.

August’s (Financial) Retard of the Month

 

HC (artist’s conception)

 

This is probably a parody. This has to be a parody. No one can be this self-unaware, can he?

But then, it seems like a tremendous amount of work for a parody, and to what end? It’s not like the author has the reach of the Onion, or even of the Fargo-Moorhead Observer.

Or does his sponsor, Care One Credit, really want to associate itself with someone so hopelessly profligate?

This month’s honoree is Our Debt Blog, which you can tell from its title alone is yet another in the endless revue of diaries empty of content and incorrectly labeled as personal finance blogs. We’ve reached the tipping point; the people who yammer in blog form about their debt now outnumber those don’t. There are 3.5 billion of the former, and just under 3.5 billion of the latter. Financial responsibility, it was nice knowing you.

What makes the Our Debt Blog founder different is his brazenness. From a few weeks ago:

As most of you know I’m 33 and extremely materialistic. I have to drive a luxury brand. I have to have the latest and greatest gadgets. I think I’m the only PF blogger out there who just loves stuff. I often wonder if there’s something wrong with me but this is who I am. Even growing up as a kid I loved collecting stuff. I had an amazing coin collection. I also collected key chains, stamps, sports cards and other stuff I’m too ashamed to mention here.

Today I have another addiction I need to confess. I love collecting watches. I often wonder why I have to have so many watches:

First of all, Ace, speak for yourself. Plenty of us, at least the materialistic miscreants at Control Your Cash, “love stuff”. What we don’t love is taking possession of it, or even entertaining the notion of doing so, if we can’t afford it.

He had an “amazing” coin collection, and a stamp collection, yet somehow attracted a woman. If anything, that’s what he should be blogging about. “HS” (use your real name, coward) also has the charming habit of thinking that the “$” that precedes a number is just a null sign. His blog is peppered with phrasing such as “$150 dollars”, which is pronounced “one hundred and fifty dollars dollars”. From his “About Us” page:

This blog has been a great experience and I hope it inspires others to get out of debt.

Oh, you filthy and reprehensible liar. The blog has been an awful experience, at least on the reader side, and you don’t hope it inspires others to get out of debt. Exactly what inspiration would even the most gullible of readers get from this?:

I think we are about to do something stupid. We are planning to have an In Vitro fertilization procedure done this month. As some of you know, the wife’s biological clock is ticking and I really want a baby, boy or girl I really don’t care at this point.

The cost for this procedure is somewhere around $16,000 dollars!!

If you’re tens of thousands of dollars in debt, and you’re physically incapable of having a child, give thanks to God for the gigantic favor He’s doing you. 

Yes, that’s a lot of money and money that, as you probably already know we don’t have. Over the last two years we’ve spent most of our savings (10 to 15k). We’ve charged up the credit cards again and we can’t seem to control our spending. The income is good but it just becomes a number in bank account that comes and goes.

That sounds like the kind of responsible adult who should reproduce and be accountable for the care and upkeep of another human being, doesn’t it? Wait, here’s the punchline to one of the most hilarious if unconventional standup routines we’ve ever heard:

It feels like most of this reckless spending over the last couple of years has been due to infertility.

Did you catch that? It’s not having a kid that costs money, it’s not having a kid that costs money. HS spends money to assuage the pain of being childless. He continues:

I simply cannot take it anymore and part of me knows this is not going to work. So the plan is go in to more debt and see what happens.

Just…nothing. There’s no comment we can make that’s caustic or vitriolic enough to point out the stupidity of that line any better than the line itself does. It continues. Oh GOD does it continue:

I’m looking at this as a new car I’m not going to buy or that next vacation we’re not going to take. My only fear is that we won’t conceive, we will have more debt and once again go crazy and spend money we don’t have in order to heal some of the pain and stress infertility can cause.

Our blogger will “go crazy” and continue to spend recklessly because he’s an emotional plane crash. We’re not sure which spouse is the infertile one; whether it’s Mr. HC’s sperm that isn’t working, or Mrs. HC’s cervix that’s barren. But before they go the in vitro route, instead they should try implanting a fertilized egg up Mr. HC’s clearly discernible vagina.

If America is indeed on the verge of collapse, or lack of global prominence, there are several factors to blame. An overly regulated economy, a populace that’s more interested in gratification than in principles, etc. But there’s one that doesn’t get anywhere near enough attention – Americans’ propensity to treat the first-person singular pronoun like a chew toy. Every other word of Our Debt Blog is “I”, “me”, or some variant. As a rule, the less one has to say, the more he needs to wrap it around himself.

Speaking of conserving resources, it’s time for us here at CYC to take our own medicine and reduce our consumption of these fruitless, insulting, counterproductive blogs. Reading them gets the systolic number way into the red zone. Time to cut back, and read them less often until the pressure subsides.

Trent Hamm at The Simple Dollar, we owe you an apology. You may be fastidious about unimportant things, but at least you’re not parading your debt around for everyone to see, and then adding to it in the process. Frugality, no matter how extreme, beats the asininity of this month’s Retard of the Month any day of the week.

P.S.: HC has an emergency fund, the simpleton’s counter to investing. An emergency fund, because whatever situation he’s in now is something other than an emergency.

Financial Retard of the Month: The Simple Dollar Does It Again

This picture will make perfect sense in our next expose

 

He’s making it too easy for us. That self-important oracle, Trent Hamm of The Simple Dollar, created another fictitious mailbag out of the myriad emails he receives. Or as he puts it on his main page:

I do receive hundreds of questions per week,

Or as he put it a few weeks ago,

I’ll go very quickly through the thousands (yes, I do mean thousands) of emails built up during the week 

In this feature we’re not just going to make fun of the dull or pointless things he says, because if we did there’d be no room for anything else. Instead, we’re going to focus strictly on the dumb and the false. Here’s an email Trent recently concocted received:

I’ve read that you shouldn’t pay more than 25% of your monthly take-home pay for housing costs.

Background info: I have an emergency fund of $7,000, I have no debt, I am 26, female, and I currently rent (living alone), paying $860/month for a one-bedroom apartment.

We’re not sure why “her” sex is relevant, or why “she” mentioned it at all, especially since “she” signed off with a woman’s name. Anyhow, “she” also gives some other information about her finances, and as women and Trent do, takes 4 paragraphs to get to the point: wanting to know if she should rent or buy a place to live.

Trent’s sage advice includes:

From my perspective, if you’re putting much more than 25% of your income toward your housing, you’re starting to put yourself in a risky situation.

No way! “Lauren” repeated a piece of folkloric homespun wisdom, and Trent seconded it exactly! Kind of like the time Control Your Cash ran a question from the woman who’d heard that male personal finance bloggers are extremely well-endowed, and wanted confirmation.

Anyhow, Trent recommends that “Lauren”

get a mortgage quote, then run some calculations on it. 

Really? So if a person wants to choose between items A and B, and knows how much A costs, you believe she should determine how much B costs before she proceeds?

We can’t argue as to whether Trent or “Lauren” is the bigger imbecile, since they’re the same person. However, we can have a legitimate debate as to whether Trent/”Lauren” or Trent’s average reader is stupider. Anyone who finds any of the advice in Trent’s mailbag to be actionable is clearly forgetting to exhale once in a while.

He’s not done. Here’s the next (and final) line, with nothing omitted:

The housing market is depressed enough right now that I would not look at a home as an investment in the short term.

YES, BECAUSE WHY WOULD ANYONE WANT TO BUY WHEN PRICES ARE LOW? Does his helper monkey even proofread this stuff for logical coherence before pressing “Publish”?

How about loosening another belt notch on your husky Today’s Man slacks and writing something that makes sense? Don’t worry, we’ll do it for you:

The housing market is depressed enough right now, and mortgage rates similarly low, that there will never be a better time to buy a house. Or houses. A passive income stream will do more for your bottom line than all of my penny-shaving recommendations combined.

In any other blogger’s mailbag, that’d be the most laughable response of the week. But this is Trent Hamm, proprietor of The Simple Dollar. He probes depths that the bathyscaphe Trieste wouldn’t plunge to:

My 75 year old mother is in mediocre health. She’s losing the place she’s living in and needs to move in the new year.

I will be earning a big chunk of money in the first part of the new year and would like to buy a home for her to live in…

Pretty straightforward, right? Well, it’s straightforward if you edit out all the irrelevant details that Trent puts in to make the “reader” sound more human. This one’s another female, by the way. Why any woman would seek his advice after he told the entire distaff half of the species to swim in their underwear, we have no idea. Anyhow, he tells “Sheila” not to worry because time is on her side:

I would rent an apartment for her. If her health is slipping, it’s likely that the period of time you would rent would be limited.

We’ll get to the obvious objection in a second, but is Trent’s reading comprehension so awful that he can’t remember what his own blog said just a few lines earlier? “Mediocre” means average. It’s static, and doesn’t imply a direction. Trent took it to mean “slipping”, which makes us wonder exactly where he graduated among the cab drivers and slaughterhouse workers in his ESL class.

And oh yeah, he just told a reader that a great way to save on housing expenses is to wait for your mother’s imminent death.

We’ll ask this now, before the inanity of The Simple Dollar becomes a weekly feature: is this all an intricate joke, and we’re the patsies? If you were a resourceful online comedian who wanted to create a parody of an everyman dispensing financial advice, wouldn’t you give him a forgettable work history, a green golf shirt, 2.3 kids and a home in Nowhere, Iowa? No real person can be this earnest, this humorless, this insipid, this cheap, and this consistent about it.  Here, read an entertaining mailbag instead.