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Archive for January, 2006

Jan 31, 2006

Counter Intuitive

Posted by Clifford under Credit

As we all know, credit scores have been my obsession.  Last week, I had an interesting conversation with the Real Estate Agent.

Clifford:  Yeah I’m all about getting my credit score up.
Real Estate Agent:  That would be good.  We need to get your score bullet-proof.
Clifford:  I noticed that I have some open accounts from 10 years ago.  I think I’ll close them so I don’t have more credit outstanding.
REA:  Are you kidding me?  I closed out a credit card that I never used and my score dropped 15 points!

He’s right.  Closing out old credit cards actually hurts your credit score.  Why?  I’m glad you asked.  The credit score is also based on credit history.  You close out history and your score drops.  Credit Score’s like to see nice long credit histories that are in good standing.

CNN finally wrote something that I agree with.  Their article entitled "Five Ways to improve your credit score" pretty much outlines what I’ve been rambling about.  It also addresses about today’s topic.

Jan 30, 2006

Connecting Part 1

Posted by Clifford under Rant

D
o you remember my article titled “Customer Service”?  The article talks about, or spells out, the fact that Home Depot has almost no customer service.  Zero.

After the arrival of my washer and dryer, I needed several items before they could become operational.  My short list of items, I was told, could easily be found at the “Home Depot”.  Plus, as well as we all know, there is a Home Depot only a few minutes away from my house. 

I arrived at the Depot to find it deserted.  Yes, there were customers wandering around with that lost look in their eyes.  However all of the hired help was missing.  Believe me I looked!  That is until over the loud-speaker I heard “All sales representatives and stock personnel report to the training room.”

“Who has training in the middle of the flipping day?  This is their busiest time!” I said out-loud.  I could feel the anger starting to percolate inside of me.  My orange cart started to shimmy as the perpetual “one wheel” went sideways and ceased to function.

Merde.

I wandered over to the appliances, thinking that what I needed would be located there.  After all, these were appliances that I’m hooking up so the stuff I needed should be located in the appliance section.

Bzzzt!  Wrong answer!!

The one Home Depot employee on the floor, who doesn’t speak English, pointed to the garden section when I asked him where the wash machine hoses were.  Thinking he was confused I said “No, not a garden hose.  A washing machine hose . . . for a washing machine . . . .”  He emphatically pointed his finger at the garden section and gave me a dirty scowl.

Well that little employee was right.  The hoses for the wash machines were conveniently located with the garden hoses in the garden section.  Now that makes perfectly logical sense!  “Hey, I need some window cleaner.  Well, it must be in the lumber section because you make the frames for windows out of wood!”

And, of course, they had the wrong hose.  That’s right.  The wrong hose.  How do you get a simple hose wrong?  Let’s ask Home Depot!

Home Depot:  "We try to anticipate our customer’s needs and then ignore them."

That’s right!  Those morons only (and I mean ONLY) had those stupid ‘Y’ shaped hoses that combine the hot and cold water (for my convenience) into one hose going into my wash machine.

I didn’t feel like grunting a question at “english-less” employee so I just left.  Knowing my luck, he would have pointed me to the “EXIT” sign which is where I should have gone in the first place.

Into my car I went.  Within minutes, I was at Lowe’s.  Surely they must have what I wanted.

Well, the Wal-Mart greeter met me at the door.  That’s right.  Lowe’s is borrowing ideas from Wal-Marts and they now have people that greet you at the door.  He kindly steered me to the aisle where he thought my treasures might be.  At that location, I found this mole-looking man.  I explained to him what I was looking for.  His response to me was astounding.

“I just got a used washer and dryer myself and I need all those things too.  So let’s go get them.” He said from behind his coke bottle glasses.  He turned and scurried off.

As I picked up my jaw from the floor, I saw in big white letters on the back of his cassock “CUSTOMER SERVICE”. 

I smiled and said “Now that’s what I’m talking about!”  Then I noticed that every single employee had “Customer Service” on their cassocks.  Then I realized that “Hey, there are employees!”  But the revelations didn’t stop there.  I almost hit overload when I realized that the employees were actually helping the customers!

I said to Mole-Man, “I think it’s great that you guys actually help your customers.”

He gave me that weird “duh” look and said “Why wouldn’t we?”

I triumphantly smiled and said “Yes, that is an excellent question!”

Fifteen minutes later, I was standing in my wash room with only one tiny question on my mind. 

“How in the name of all that is holy do I hook these things up?”

To be continued . . .

Jan 27, 2006

To Run

Posted by Clifford under Personal

My parents were visiting a few years back.  I took them into LA to meet some friends of mine.  When we were leaving, I asked them what they thought about my friends. 

My mom said "Cliff, I’ve always liked your friends.  You always pick good friends and you always seem to remain friends."

I didn’t realize exactly the implications that statement would have on me until I opened this email from an old friend, whom I haven’t seen in well over a year.

"I hope that you take one of your sentences (Have a great New Years and
I will definitely see you in 2006.) literally and we will really see
you in 2006."

In my late 20’s, I hit a really dark period in my life.  The road map of life I had in front of me evaporated and nothing was working out like it was suppose to.  I was completely unsatisified.  I was living by someone else’s expectations and I was miserable.  If you’re reasons for being miserable in life start with "Well, I can’t upset this person" or "I can’t disappoint so and so", then there’ something wrong.  And those were the excuses that I gave.

As my 30’s arrived, I found myself sinking deeper and deeper into a depressive state.  I was becoming more and more recluse and spending less time interacting with people.  All of my allotted sick days were burned away because most days, I didn’t even feel like going to work.

In realizing that I needed to be the person I was born to me, I started being and acting like I really wanted to.  You never realize how hard this is if you’ve been doing what others have "projected" onto you your entire life.  I had no idea what I really wanted or liked because I had been told what I should like and what I should want.  This lead to some very dark episodes.  But I needed to find out "Who am I?"

Trying to walk in the shoes that were to be mine was not easy.  And during these times, I fell.  I fell more than once.  And my friends were always there to lift me up and dust me off.  Their patience with me knew no bounds and their help was invaluable. 

One day, a minor miracle occurred.  I learned how to walk in my shoes.  Last year, I learned how to run.  This is a credit to every single one of my friends.

Each and every one of them has a special place in my heart.  I will guard that spot until the end of time.  I’m so sorry that I haven’t spent as much time with you as I should have.  I’ve gone months at a time without so much as a word, save for what I have written here.  But that’s not really communicating. 

I will rectify that.

I am rectifying that.

Jan 26, 2006

Beware of Attack Dog

Posted by Clifford under Personal

Don’t be messing with my man Rufus!

Sic' em!

If you get too close, I won’t be held responsible for him licking you!

By the by, this is not the tenant’s dog.

Some quick updates:

  1. The washer and dryer arrived on Wednesday.  Go me!  Paying $1.75/load to wash is just crazy.  Tack on another 50 cents for drying and you’re going broke!
  2. The appraiser has come.  He claims he did the appraisal on the property last year when I bought them.  However I know the appraiser didn’t do a full-appraisal last year.  He just did it based on other property values that sold in the area.  His first comment when entering the house.  "I just love hardwood floors!"  Cha-ching!
  3. I met with the real-estate agent.  I have several new projects to bring to his attention.  And I also need a Tax guy.  Details are coming!
Jan 25, 2006

Sharpest Tool

Posted by Clifford under Philosophy

In college, I was taking a class called "Aircraft Stability and
Control" . . . which was a nightmare.  However since I thrive on
challenges, I found the class to be equaled to that task.  One day I
found myself sitting in the professor’s office.  I was having problems
with a certain equation.  After some help, I arrived at finding an
answer.

Clifford:  (proudly speaking)  "Ah, the answer is -2."
Professor:  "Excellent.  What does that tell you?"
Clifford:  (puzzled)  "That the number is negative?"
Professor:  "And what does that tell you?"
Clifford:  " . . . I’m not sure."
Professor:
"Cliff, any idiot can crank out numbers.  But the people who can tell
you what the numbers mean are the ones that make the decisions."

I had dinner with my mentor.

We’re moving forward.

During dinner, he started outlining what he is looking for in an
investment.  He threw out a bunch of terminology that I’m just not
familiar with.  More importantly, each new term had a number associated
with it.  Engineering has been my language for a long time.  But
finance terms like "Cap Rate" or "NOI" are beyond me.

As I maintain "I may not be the sharpest tool in the shed but I learn quickly."

I realize that I’m going to have to start paying attention to more
than just the value of the property and whether or not I can afford
it.  If I’m going to become a savvy investor, I’m going to have to
learn what all these little numbers, ratios, percentages, etc.  More
importantly, I’m going to have to understand what these numbers are
telling me.

Since I don’t have a business degree, I’m more or less starting from scratch.

My two numbers from my mentor:  Cap Rate is 10 and ROI is 8%.

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