PF#120: Elon Musk

Elon Musk was born in Africa in 1971. He grew up being bullied and having family problems, and he moved to North America in his 20’s. He attended college both in America and Canada, and graduated with a bachelor’s degree in economics and a bachelor’s degree in physics. One of the smaller companies that he co-founded was bought by PayPal, and he would go on to use that money found two companies: Tesla and SpaceX. Tesla is the largest manufacturer of electric cars, and is pioneering in reducing pollution in cars as a whole, and setting up charging stations around the United States. SpaceX is the largest privately owned space exploration company in the world, and has been making drastic developments in the world of reusable rockets and cheaper flights. SpaceX has also had contracts to deliver supplies to the International Space Station, and that is where it gets a portion of its funding from.

I admire Elon’s perseverance. There were several times in his career where he was very close to giving up, but he never did. I also admire that Elon worked his way up from a kid who was bullied in grade school to a man who is currently in the process of changing the world.

PF#115: Hidden College Expenses

In case it isn’t obvious, there are more costs for college than the massive tuition required by most colleges. On top of the massive amount of money that has to be paid to even go to the school, that doesn’t include textbooks, board (most of the time), food, clothes, phone bill, vehicle costs, or anything else really. In this essay I am going to quickly summarize some of the college expenses that you don’t generally think about as often.

The first and most obvious of these expenses is textbooks. New textbooks are an outright scam. Oftentimes, they are written by the professor that is teaching the class. Every so often, the will release a new “revised” edition with little to no change from the previous one, and they will encourage students to buy the new, more expensive copy, even if they already have an old copy. On top of that, it is not included with the tuition, and so you are forced to either buy one or do without. The best way to avoid this scam is to buy a used copy and/or and older version of the book to save money, and you will be losing virtually nothing because it is the same book.

Oftentimes, dorm rooms or housing is not included with the tuition of the college, and it has to be paid for separately. This shouldn’t take you by surprise, but it is still a separate expense that has to be paid.

Food, clothes, communication costs, vehicle costs, and other personal costs are all things that you will likely have to pay for during college. If you don’t take these things into account, then you will have some issues later down the line when you do need to pay for them.

PF#110: After High School

For this week’s writing assignment in personal finance, I am supposed to write an essay about the first two-four years after I graduate high school. Because I am thirteen years old and I’m taking this class in my eighth grade year of school, I am only going out two years from high school because it will be a stretch to predict what I’ll do then. I can predict one thing, and that is that lots of things are going to change for me between now and then. For one thing, I will be four years passed coping with that absolute piece of crap that goes by the name “Dignan”. I will hopefully have learned to drive by then, and, in the best case scenario, I will own my own car. There is a chance that I will have had summer jobs and saved up some money. In the event that I do, I will use that and graduation money to jump-start adulthood. Either I will continue living with my parents, and work a full time job to save up for college, or I will already have had enough money saved up to do college. This is based upon if I actually decide to take college, and the only scenario where I think I would do college is if there is a very specific field that I want to go into, and that job requires a degree or would be made much easier if I had a degree. Otherwise I’d probably just move out pretty soon after I turn 18, probably in the fall of that year. I would probably move into an apartment. Again, I’m 13 and I don’t really know what I will be doing then.

PF#95: Buying Old Cars

(For reference later in the essay, I am referring to “old” cars meaning cars of higher build quality from 30-40 years ago). Cars nowadays are very “disposable”. Not in the way that a paper plate is disposable where you throw it away after one use, but in a printer sort of disposable. The constant maintenance can end up costing more than the car itself, whereas if you went back to cars made of higher build quality (made of metal instead of plastic, etc) you would not have to do as much maintenance as often. There are problems with driving old cars, however. The parts can be harder to come by because most people don’t drive thirty year old cars right now. They can potentially be hard to purchase and sell for the same reason. The other thing is that cars from forty years ago generally also lack some of the more modern (and also quite important) features. Still another reason to stay away from cars over 40 years old is that, even though those parts were made to last, they might not still be lasting 40 years later. Plastic gets dented, but metal rusts. Light bulbs still go out, paint still fades, it’s not like old cars are invincible. If I were buying a car, I would go for a used car, but not nearly 40 years old.

In conclusion, I recognize the quality of 30 year old cars, but I’m not sure that they can hold up in a modern environment today, and would probably choose a newer model.

H8#95: American Entertainment

In this essay, I’m going to talk about the origin of some of the popular forms of entertainment in America around the early 1900’s. I’m going to regurgitate information about the origins of football, baseball, basketball, and the modern Olympics. I’m also going to talk about my favorite author, Edward Stratemeyer, as well as the invention of movies.

First up, I’m going to talk about sports. Football originally came to America in the form of Rugby, which I did not know was a thing until two days ago. From my five minutes of research on the topic, I think it is sort of like a cross between modern American Football and modern Soccer. It developed into these different sports in different places. In Europe they developed it into Soccer (as we Americans call it) and in America it developed into American Football. Football is one of (if not the most) popular sport in America, with the Super Bowl being almost universally watched in the country, and getting almost as many views as Mr. Beast’s videos.

Baseball is my teacher’s favorite sport, so naturally we spent extra time studying that, so I’m going to give it the least amount of space in my essay because I care for it the least. Baseball has its roots in cricket and other rudimentary forms of the game. When Alexander Cartwright left for California during the Gold Rush, he spread the knowledge of baseball to the west. The first traveling baseball team was the Cincinnati Red Stockings.

Basketball was invented by James Naismith in 1891. He wanted it to be less injury prone than football. The game began with throwing a ball into a peach basket, but it developed into the rules we have today fairly quickly. Basketball has taken the world by storm and is now an Olympic sport today.

Speaking of the Olympics, the ancient Greek Olympics were revived in the 1800’s. A stadium was restored in Athens, and the Olympic Game were held in 1870 and 1875. Before long the International Olympic Committee was organized. They were to oversee future holdings of the Olympic Games. There is now a Winter Olympics and a Summer Olympics, each spaced four years apart, and two years apart from each other.

After talking about all those sports, let’s talk about the early forms of movies. The first short films were in black and white and didn’t have any audio, and were very short. They were made by a small, little known inventor who went by the name Thomas Edison. Others copied his idea and started making movies of their own. Movies would go on to become a very popular form of entertainment around the world, and with the invention of streaming services, almost anyone can have access to movies.

Last but certainly not least (it’s the best of the bunch) I want to talk a little bit about my favorite author, Edward Stratemeyer. Stratemeyer pioneered dime novels. Stratemeyer is the author of many classical children’s stories. His different series included Tom Swift (my personal favorite), The Hardy Boys, Nancy Drew, and others. He founded the Stratemeyer Syndicate, which was an organization where he would provide ideas and pay other authors to write the books because Stratemeyer didn’t have the time to write all the books for all the different series.

In conclusion, American Entertainment was developed in lots of different ways and aspects during the late 1800’s and early 1900’s, including several different sports, the inventions of movies, and developments in the world of books, thanks in part to my favorite author, Edward Stratemeyer.

H8#90: The American Industrial Age

The American Industrial age was marked with many scientific advancements, made by many different people. In this essay, I’m going to give a brief summary of the lives of some of the people that were important to the American Industrial Age.

To begin, I’m going to talk about the people that we learned about this week, before I move on to actual inventions. Please note that I am going for quantity over quality and length for these summaries, because I am attempting to cover a lot of people, so bear that in mind as you read these next few paragraphs.

Cornelius Vanderbilt grew up in New York, helping his father work on his ferry. At sixteen, Cornelius had bought his own ship and had begun working as a ferryman himself. Vanderbilt began to acquire other companies after his initial success in his ferry business. Vanderbilt had some very interesting tactics to get rid of competition. He would use a lawsuit to shut them down, buy out the other company, or they would partner. He was able to get control of most of the shipping market because of this. In a risky endeavor, he sold off all of his shipping stock, and then spent the money on railroad stock. This ended up being a smart move for Vanderbilt, as he profited greatly.

John D. Rockefeller was another of the most wealthy American entrepreneurs. In 1863, Rockefeller invested in his first oil refinery. By 1870 he had founded Standard Oil, and he would buy out small company after small company, until his company grew to control 90% of the kerosene industry. He was an innovator, and built pipelines so that he didn’t have to transport the oil by rail anymore. Because the government decided intervene with Rockefeller’s business, he had to break up his company. He spent the rest of his life giving away his massive wealth, and started several charities.

Andrew Carnegie’s second job in the workforce was his first important one; He became a telegraph operator. He would go on to become one of the fastest telegraph operators in his area, and would become known for that. His mentor taught him how to make money from investing in stocks and also advised him to build a major road across the Mississippi River. Carnegie built the bridge out of steel, introducing him to the industry that would make him famous. Carnegie would go on to build a steel mill and produce his own steel for his company. He began to manufacture steel for other companies as well. Carnegie would go on to spend his money on all sorts of charities.

J.P. Morgan owned one of the largest banking firms in history, and was the richest man for a time. He got rich off of “remorganization”, which is reorganizing multiple smaller firms into one larger, more powerful firm. He would later go on to buy Carnegie Steel for millions of dollars. Through all of this, Morgan made lots of money which he would give away to charities later on in his life.

Henry Ford was the famous founder of the automobile company Ford, which is still a common car manufacturer today. He was the mind behind the Model T, and also the assembly line. He also gave his workers a great wage in a time when there were not many labor laws, and so he had a great employer retention percentage.

In conclusion, all of these rich men played a pretty large role in the industrial age of America, and have shaped some of the industries that they worked in.

H8#85: Immigration to America

Ellis Island was the one place where people from foreign parts of the world had to go in order to immigrate to the United States. In this essay I’m going to talk about immigration to the states, Ellis Island, The Statue of Liberty, and the Washington Monument, the memorial to the greatest general of the war.

New York harbor was the most important port in America. Before the cultivation of Ellis Island, it was little more than a bit of sand outside of New York Harbor. It was actually owned privately before it was bought by the federal government. It’s first non-Indian owner was the Dutchman named Michael Paauw. It would go on to be bought by Samuel Ellis, where the island gets its name. The government of New York bought the island from Ellis’ family in 1808. The federal government then bought the island from New York, and then they went on to begin the construction of the Ellis Island Immigration Station. It opened in 1892 to the public. Almost any white male (why those restrictions?) was allowed to immigrate and become a citizen after staying there for two years. People flocked to America for all sorts of reasons, mainly economic or political reasons, but also because America had basically no religious restrictions.

Located near Ellis Island is Liberty Island, called Bedloe island before the Statue of Liberty was placed on it. The statue was designed by Frédéric Auguste Bartholdi of France. In 1876, a century after the signing of the Deceleration of Independence, the people of France decided to send a gift to the United States, celebrating the victory of the United States over Britain, and their ideals of liberty. Liberty is actually just the shortened version of the statue’s full name, “Liberty Enlightening the World”. The French built the statue in France, dissembled it, shipped it to America, and then, on the pedestal built by the Americans, it was rebuilt. The statue of liberty was actually made of copper, meaning that it was reddish-brown copper color when it was built, and has since oxidized into the blueish-green that it is today. In 1933, the statue became an official American monument. In 1937, the island’s name was finally changed from Bedloe to Liberty, and it is now called Liberty Island. Eventually, in 1982, President Ronald Reagan had the statue repaired and restored so that it can last much longer. The statue is mostly hollow, so the supports inside were also updated at this time. The statue is still standing to this day, and whenever somebody was immigrating through the Ellis Island Office, they would also see the statue. Today, Ellis Island is a national museum combined together with the Statue of Liberty.

The Washington Monument is the last thing I am going to talk about in this long, boring essay. It was erected in 1884, and was the tallest structure in the world for a short period of time. For most of its existence, it has been open for public touring. It is located at the national mall in Washington D.C.

In conclusion, Ellis Island has long been the nation’s main office for immigration, and is now a museum. The Statue of Liberty is one of the nation’s largest tourist attractions. Finally, the Washington Monument is a very large and impressive monument for a very important president. Washington was one of the most important men, not just in American history, but also in history in general.

H8#100: Amendments Sixteen Through Nineteen

In this essay, I’m going to talk about the sixteenth, seventeenth, eighteenth, and nineteenth amendments to the constitution of the United States of America. Amendment sixteen made income tax allowed, amendment seventeen clarified the rules of the senate, amendment eighteen banned liquors, and amendment nineteen allowed women to vote in elections.

Amendment sixteen was probably one of the worst amendments to the constitution. Literally its only purpose is to make the income tax allowed. It was the first amendment to give congress power instead of giving it to the people. This was one giant leap in the wrong direction, and gave Americans an income tax that would only get bigger as time goes on. Income tax is one of the many taxes that have to be filed to pay for all sorts of things, many of which should be privately funded instead of funded by taxpayers (eg. public schools, exploration for alien life, and other government nonesense). Basically, income tax should not be legal.

Amendment seventeen confirmed that there were two senators per state, and that the term of each senator lasts six years.

Amendment eighteen banned the manufacture, sale, and transportation of liquor, basically banning the entire existence of liquor in the United States of America. I guess you could still drink liquor if you already had it, but that’s it. Of course, people still did it illegally. This would go on to be reverted in the twenty-first amendment, which made it so it was legal again.

Amendment nineteen allowed all citizens of the United States of America to vote, regardless of sex. The fifteenth amendment had already stated that all races could vote, so now, anybody who was taxed was allowed to vote. There is not much more to be said about this amendment.

In conclusion, two of these amendments were good, and two of these amendments were bad. The confirmation of the rules of the senate were good because they could get rid of some confusion. The ban of liquor was bad, not because I think it is good to drink, but because government restrictions are almost never a good thing, and people were still going to do it illegally. Income tax is very bad, and legalizing it is also very bad. There should be as few taxes as possible. Lastly, allowing every citizen of the United States of America to vote is very good, because that means everybody can get representation in the corrupt American government.

E8#88: Experiences

This topic is going to be really hard for me to write about because I have not had very many experiences in my short life, but I am going to try my best with this essay. My prompt was to compare simple joys with complex experiences, mostly in the view of personal value. To state that more simply, I am supposed to determine if simple joys are more valuable to me than complex experiences.

Personally, I have not had many complex experiences. I am first going to attempt to state some of my experiences that might be categorized as “complex”. The essay prompt says that learning a new skill, finding a solution to a problem, or overcoming a great obstacle are all “complex” experiences, so I’m going to group mine into one of those three categories. I really only know three really practical skills that I use on a somewhat daily basis. To nobody’s surprise, only one comes from school, and the class is math. Learning how to use spreadsheets was a complex experience, and I learned a skill that I use quite frequently. Another was 3D modeling. That was mostly self taught and taught a little by my dad. That was definitely a complex experience that is of value to me. Lastly, we have eBay selling, mostly the first learning curve. That was also a very important experience for me, especially the initial first time that I did it.

I’ve found the solutions to several problems in my life, mostly small. Several of them were in 3D modeling, and several others were in Minecraft, which just goes to show that I don’t have very many problems that I am able to solve. When I do solve a problem, it is very fulfilling, and so I would count that as a valuable experience. This also includes overcoming great obstacles. The only great obstacle that I would also count outside of problems would be overcoming 7th grade math, which I do not want to dwell on.

After writing those things out on paper, I’ve decided that I find complex experiences more valuable than simple ones in general. There are some things on the prompt under simple experiences that are not simple for me, like hanging out with friends. That, my friends, is overcoming a great obstacle.

E8#87: Enthusiasm

Enthusiasm is when people show intense excitement for something, or they have an intense enjoyment of it. Enthusiasm often motivates people to progress their enthusiasms (things they are enthusiastic about) more than they would have if they weren’t enthusiastic about that thing. A good example of this is my Science course. I hate my Science teacher with a burning passion because of this, but he basically poops out random topics for me to learn badly, in the hope that one of them sticks. He just likes to throw random spaghetti at the wall to see what falls and what doesn’t. If I find enthusiasm in one of my topics, the hope is that I’ll run with it and turn it into something useful. This method helped me find one singular topic that I am enthusiastic, at the cost of learning less science than my youngest brother who is taking a newer course in 3rd grade. Basically, it’s a trade-off. I don’t learn anything useful for four years, but during the five lessons that I actually become aware of something that I am enthusiastic for, I get a new hobby and grow my skills in that hobby on my own. All that is to say, I am enthusiastic about 3D printing and I have run with it ever since I first learned about it, but all my other topics that I don’t have enthusiasm for have been a waste of time.

Personally, I don’t think there is such a thing as too much enthusiasm. You just need to exercise prudence in pursuing your enthusiasms. You can’t run in blindly. I don’t think enthusiasm is blinding; I think that if you are being imprudent in pursuing your enthusiasms, it isn’t the fact that you are being enthusiastic, it’s that fact that that you are being imprudent.

In short, enthusiasm is when you are are intensely excited by something, generally something you do, like a hobby. I don’t think you can have too much enthusiasm because you can never be too excited for something. You simply have to exercise prudence when you are enthusiastic about something so that you don’t rush in blind, just like you have to do with anything you do.