Category Archives: life

Ada Developers Academy and Life Pivots

I had the amazing fortune to meet the charter class of Ada Developers Academy students when they took a tour of my office today.

Ada Developers Academy is a tuition-free programming school for women. The only pre-requisite (other than “for women”) is that you can’t already be a programmer.

In other words, every woman I met today woke up one morning and said “I’m going to quit my comfortable job (or education-path) and become a programmer.”

In addition, the software industry is dominated by males (unfortunately, for everybody who uses software), so not only did these folks make a risky life-pivot, they also pivoted into an industry where the deck is stacked against them.

This takes an amount of moxie that I may never comprehend, and meeting the class was very inspirational. It got me thinking about how the metaphor of startup pivots (i.e. a course-correction designed to test a hypothesis about the business) can be applied to life.

The common (and incorrect) definition of a startup’s “runway” is “the amount of time a startup has until it runs out of money.” A more accurate definition is “the number of pivots a startup can make before it runs out of money.” In other words, the number of new things it can try, the number of experiments it can run.

Perhaps the “runway” of your life isn’t the amount of time you have left to live, but it’s the number of interesting, experimental things you can do before your time is up?

Just as a business should structure itself to get to each pivot faster (by finding ways to learn at lower cost and in a shorter time), one should structure one’s life to get to get to the interesting parts faster!

How can you structure your life like this? There are probably countless ways, but here are a few that come to mind:

  1. Have interesting friends (and the harsh corollary: don’t waste your time with boring or uninspiring people)
  2. Live someplace interesting where you can make lots of interesting friends (and do interesting stuff with them)
  3. Double-check your life assumptions every once in a while. Who knows what you’ll find?

PS: Registration for the next ADA program is almost open. Check it out if you’re a female in the Seattle area (or willing to relocate).

(I tried something new on this post and didn’t spend much time editing it. The result is probably more raw and train-of-thought, but also closer to the original vision in my head. What do you think?)

The Anti-Accumulation Holiday [Guest Sermon]

not my synagogue Each week, my Rabbi gives a moving and informative sermon. They’re always top-notch, but this week’s was also very topical for Foundry in the Forest. I asked him if he’d be willing to let me turn it into a guest post, and he was kind enough to oblige.

The holiday of Passover is coming up next week, so Jews around the world are doing spring cleaning: literally, to get rid of the bread crumbs in the cupboards, and also metaphorically to try to rid ourselves of the excess in our lives.

The sermon is long but I encourage you to read the whole thing, regardless of your faith, as the message is universal.

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The Anti-Accumulation Holiday
Rabbi Jay Rosenbaum

I have made it known over the years that the most valuable lessons I have learned in life come from television. But, today, I’m not going to limit my comments to TV. I’m going to start with a television show. But, then, I’m also going to talk about an insight into the Exodus story I learned from a Muslim friend, and how it’s connected to the show.

First the show. There is a show on HBO called “Enlightened” starring Laura Dern as Amy. In one of the episodes, there is a five minute encounter between Amy’s mother, Helen, and Helen’s old friend Carol, played by Barbara Billingsley.

Helen and Carol used to be good friends. They were both married to successful husbands, and they ran in the same circles. They run into each other in the store, after not having seen each other for several years. At first, they are delighted to see each other, and they start to catch up on each other’s lives.

Carol tells Helen about her daughter who is married and has two beautiful little children. She pulls out her iPhone to show Helen the photos. Then Carol asks Helen about her children. Well, Helen has one daughter, who has a child, but she hasn’t spoken to this daughter in years.

Her other daughter, Amy has just gotten divorced from Levi. They used to be the envy of everyone in high school—the energetic, beautiful blonde that all the boys wanted to date, and the handsome, star athlete. But, things haven’t worked out for them. And, now Amy has been demoted from her job and is living with her mother, trying to figure things out.

When Helen tells Carol about her children, Carol makes a feeble attempt at sympathy, but change of facial expression and tone of voice reflect a sense of superiority laced with contempt. “You know,” she says to Helen, “my daughter was always jealous of Amy in high school. Everyone wanted to be Amy. She had it all.” And, it was clear that Carol believed she had won the race. She had children, she had grandchildren who were flourishing. And, the former prom queen had nothing. And, she was happy about it.

The whole conversation lasted no more than five minutes, but it was brilliantly done. Because it showed how a simple exchange between two women who were supposedly friends and interested in each other’s welfare, was really about an intense jockeying for power and position. No one pulled out a gun, no voice was raised even a notch. But, this was war. It wasn’t enough for Carol that she had so much to be grateful for in her life. She had to derive additional satisfaction from the fact that her friend Helen had less than she did, and so she had won.

What causes human beings to behave this way? Here I would like to turn to a story we spoke about a few weeks ago, but which I saw differently because of a discussion we had in our Muslim-Jewish dialogue group this week. We were studying the story of the manna. After our people left Egyptian slavery, and we were traveling in the desert, we were anxious about not having enough food. So, God gave us a guaranteed food supply for forty years. But, God only gave us one day’s supply of manna at a time.

And, there were rules. We were not allowed to save any manna for the next day. We were to take only as much as we needed and no more. And, the Torah tells us that no matter how much we gathered, every one of us had just enough, but no surplus. So, clearly, many of us tried to grab as much as we could, but to no avail.

Many of us tried to save the manna for the next day, but it spoiled. We were only allowed to save the manna once. That was on Friday, when God gave us a double portion, so we wouldn’t have to gather on Shabbat. But, that didn’t prevent the Jewish people from going out the next day and looking for more.

Why did God choose this particular method of feeding the Jewish people at the moment we had been released from slavery? What would have been wrong with allowing us to save up some of the manna, and relieve us of the anxiety that we wouldn’t have enough for tomorrow?

When we were studying this story in our Muslim-Jewish dialogue group, one of the Muslims, David Suissa, remembered that in the Joseph story, there was an opposite scenario. Joseph was the ultimate saver of food. He presided over the saving of food in Egypt during the years of plenty so that when the famine hit, there would be enough to feed everyone.

That sounds so sensible. But, what actually happened? Joseph controlled the entire food supply for Egypt. He rationed out food as he saw fit. Initially, people bought the food. When they ran out of money, they sold their land to the government in exchange for food. When they ran out of land, they sold themselves to Pharoah in exchange for food. Now Pharoah controlled all the land in Egypt and he had a huge slave force.

When we look at life as a zero-sum battle for scarce resources, the result will be slavery. In our fear that we will not have enough, we will want to grab as much as we can. We will horde, we will try to corner the market. And, the result of that kind of unbridled competition is always going to be that a small number of people are going to control a disproportionate share of the resources, and a huge population is going to have little or nothing. The resource could be land, money, oil, water, and even things like friendship, or sexual partners.

The Torah traces human oppression to the propensity of every human being to take more than we need. It’s why the Torah says of the king, ‘The king was not to accumulate too much gold, too many horses, and too many women.’ Because if the criterion of a successful life is having more and more and more—if the more we have, the better we are, that’s a recipe for gross inequality and mass human misery.

When the Jewish people left Egypt, the goal was to create an egalitarian society, How do you do it? You attack the source of inequality—our human tendency to want more than we need. If God had allowed the Jewish people to collect as much manna as they could, there would have been a fierce competition, with the Jewish people stepping on each other to grab as much as possible.

The result would be that a small number of people would control the majority of the food supply. They could sell it at any price they wanted. And, now, once again, you have a slave society. By forbidding the Jewish people from even saving for one day, God was reversing what went wrong in the Joseph story, where hording led to slavery.

And, the way we celebrate Passover is a reflection of this philosophy. In the month before Pesach, it’s a liability to save. You’ll end up throwing things out.

Passover is the anti-accumulation holiday. To get ready for the holiday of freedom, we have to un-save, we have to un-accumulate. We have to get rid of all the extra stuff that we don’t need. It’s a way to rid us of the insecurity that leads us to horde and take as much as we can. Because it’s this compulsion to take more than we need that leads us to be blind to what others need.

It’s no accident that the most popular song at the Seder is Dayenu, which means “We have enough.” To create a truly just society, it is essential that each of us master the ability to take what we need, and no more. Passover challenges us to ask ourselves: what do we really need to be happy and fulfilled?

And, not just in regard to material resources. There are many ways to play the hunger games. We can hunger for attention. We can hunger for applause. We can look at life as a bank account in which we have to continually pile up credits to our name. In our mussar class in the Fall, Ann Trail called them merit badges. The more badges we have, the more worthwhile we are. When that hunger to accumulate becomes obsessive, even in the most polite society, we can end up taking joy in our neighbor’s unhappiness.

Passover encourages us to live more simply, to live more modestly, not only in our physical needs, but in our emotional needs, too: to take for ourselves enough attention, enough praise, enough appreciation, but not more.

Passover encourages us to sing Dayenu, not only at the Seder, but in our lives, as well.

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Who knew that the main theme of Your Money Or Your Life (having enough) has its roots in an old Jewish Passover song?

Thank you to Rabbi Rosenbaum for allowing me to publish his sermon. Happy Passover, Happy Easter, Happy Spring, no matter what you celebrate!

Cow Number 2

car full of meatLast weekend we bought our second full cow from 3 Sisters Farms. We kept 1/4 of it (about 150 lbs) and divvied the rest up between a few other families. The first one lasted us 18 months, which means we ate just over 1.5 pounds of beef per person per month. I’ve heard a healthy red meat portion is 6-oz, so if we were eating right-sized portions each time (I probably ate more than my fair share), that comes to 4 servings of meat, or once a week. That’s probably about the optimal frequency for consuming red meat. However, we often brought the meat to potlucks and entertained guests with red meat dishes, so not all of it was actually consumed by our family.

If you compare the picture above to the one I took for the blog post about our first cow purchase, you can see how much better I’ve gotten at efficiently loading up the back of the car with boxes:

18 months ago

You can also see the difference between an old camera-phone, and Mrs. Foundry’s nice DSLR.

This year, the farmers weren’t making trips into the city so we drove to Whidbey Island to pick up the meat. Originally, I thought it was going to be a hassle (and negate the savings of buying bulk meat), but we made it into a fun day trip with Rose from Our Lady of Second Helpings and her son who’s about the same age as our youngest. We had a picnic lunch at Deception Pass and rode the ferry, so even though we logged over 150 miles onto the car (more than I drive in 3 months) I think it was well worth it to meat…I mean meet the farmers and the future hamburgers. The animals were well treated, and seemed very happy. The pigs had an unobstructed view of Puget Sound, and as much as I love the view from our back deck, I must admit I was a little jealous of those porkers.

The price went up compared to 18 months ago ($4.25/lb vs $4.00/lb last time) but that’s about the pace of inflation. To make it an even better deal, they threw in the organ meat (heart and liver) along with some dog bones that we gave to the other families who have dogs (and kept some for ourselves to make soup stock…shhhh).

Maybe I should have put a warning at the beginning of this post for vegetarians to skip over it? Nah.

PS: Happy Birthday to my sister, Mindy! I won’t divulge her age, but as of today, it now ends in a zero!

What do you think of this new tagline?

oxygenNot that it makes a huge difference in the whole scheme of things, but I put a new tagline up at the top of my blog. Here’s why…

I figured that there are a thousand frugal blogs out there (even though this was the only “frugalism” blog), so I needed something more unique and inspiring. The new tagline is:

Work to earn. Earn to save. Save to invest. Stop working.

It was inspired by this awesome article on what “retirement” means in this day and age. The full context is:

I demonstrated a very typical Generation X attitude to finance. Rather than thinking of it as having a pension plan, getting vested, putting in my time, and making monthly installments on my defined contribution plan, I looked at the “rules” of the game. How does the money system work? Should I work to earn and earn to consume? Or should I work to earn and earn to save and save to invest so I can stop working?

I broke it into four sections that are really the four main topics of Foundry in the Forest

  1. Work to earn means Maximizing Income. Reading your average frugal blog has a diminishing return on your time, since there’s a limit to how little you can spend (Jacob, the guy who wrote the above article, seems to have found that limit, $7k a year per person). On the other hand, there’s no limit to how much you can earn. That’s why I recommend most people focus their efforts on maximizing income. Once you’re past 6 figures, you’re probably good in this department.
  2. Earn to save means Minimizing Spending. Figure out how much is enough and don’t spend a penny more. If you increased the frequency of your breathing, you could gulp up so much more oxygen. But you don’t because you have all the oxygen you need.
  3. Save to invest means Educating yourself about Investing. I wrote a series of posts on this topic that will help start your investing education. But never stop learning!
  4. Stop working means Becoming Financially Independent, and no longer requiring paid employment. That part should be self-explanatory. But maybe not, since smart people are still re-working the definition of “retirement” these days.

So that’s the new tagline. What do you think?

Foundry Goals

Once you’re past Freshman year of Frugal School, you’ll understand the importance of setting goals. What you might not have learned is that one effective way to stay accountable to your goals is to publicize them.

Like the old management quote says, you can only change the things you monitor.

In this spirt, the goals for my family and this website are listed on a new area called Foundry Goals. Just like in a role-playing game, each goal has levels that are more challenging then the previous ones.

You’ll note that there are no dollar signs to be found on these goals. That’s because the amount of money the Foundry makes is somewhat irrelevant. What’s more important is keeping a high savings rate by minimzing spending and maximizing income, which in turn will drive up the amount of investment income our savings can provide. When investment income matches spending, you don’t require paid employment any more, if you don’t want. While it’s important to track and optimize spending/income (which are measured in dollars), they aren’t goals in and of themselves.

I’d love to hear suggestions for other goals, or hear about your goals.

See the Foundry’s Goals here.

FOMO and Facebook Stock

I couldn’t help but hear that tiny little violin playing while reading these first-world sob stories about people losing money by buying Facebook stock:

Some blame themselves for embracing the hype over a company whose underlying value likely didn’t merit the price at which it went public. But many accuse Facebook and its underwriting banks of setting the price too high and for trying to sell too many shares.

Others are pointing fingers at the Nasdaq stock market for botching buy and sell orders on opening day. Or they’re angry over brokers who pushed them to buy.

In fact, the article serves as a pretty good guide of now NOT to invest, and how to blame everyone but yourself for your own money mistakes. Let’s take a look:

  • Don’t invest in individual stocks, including Facebook (FB). It’s fun to play around with picking stocks, but it should be done with spending money (i.e. money you’d use for gambling at a casino), not investment money. Trying to beat the stock market is gambling. Instead, invest in low-cost index funds.
  • Don’t fall victim to emotions, especially FOMO (Fear Of Missing Out), when it comes to your money.
  • Don’t pay someone to manage your money, since their motivations aren’t aligned with yours. Unless you want to pay me to manage your money. I’d be glad to do that for you, skimming 1% off the top.