Just a short announcement, you guys.
I'm applying for a mortgage.
This is not a drill. |
Even the pig is laughing. |
Just a short announcement, you guys.
I'm applying for a mortgage.
This is not a drill. |
Even the pig is laughing. |
Here's a little story about principal and interest, and the economy of time.
Chapter I: The Past
The company I work for IRL used to offer a traditional benefit of paid vacation and sick days. An employee of less than five years' tenure (like me) would accrue 10 vacation days and six sick days per annum. Sick days were "use it or lose it," but vacation days rolled over to the next year if you didn't use them all. If you left the company, any unused vacation would be paid out to you in cash. Pretty standard stuff in the U.S.
If you stuck around the company for a few decades, you would eventually accrue something like six weeks of vacation a year, most of which you were probably too "indispensable" at work to use. (In other words, if you hopped on a conference call while you were "on vacation," that day magically became work time instead of vacation time. Tenure has its perks.) And under this system, there was no upper limit to the amount of vacation time you could accrue. And so the company routinely saw people retire after 20 or 30 years of service with literally months of unused vacation hours saved up, which they received in a lump sum on their last day. That time was paid out at their most recent pay rate, by the way, even if they'd accrued it when their salary was considerably lower. Quite a tidy payout.
For readers outside the U.S.: Yes, I know this model is inconceivable to you. Yes, our paid time off is pathetic compared to what your country provides. Yes, I know your government mandates a certain level of paid time off and doesn't leave it up to the whims of individual companies. I have the internet. Thank you for your concern.
Chapter II: Accounting
Fun Fact - Accrued vacation time is considered a financial liability. It's a debt on the company books. Large companies (and at least one bloated former POTUS) may routinely operate from a position of indebtedness, leveraging it in ways I don't really understand nor care to, because business is stupid. But to a smaller, privately held company like my employer, that kind of debt may not be useful or attractive, and there are also tax implications that again I don't give a flip about but they do.
The upshot is that as my company grew, its liabilities grew. And as it has always prided itself on cultivating long-term employees, it had to find a way to manage a potential debt of millions of dollars of unpaid vacation time.
Therefore, a policy change was made.
Chapter III: The Present
Last year my company went to a PTO system. Instead of accruing a little annual sick time that expired and a little vacation time that didn't, we now get a "bucket" of time off that can be used to cover vacation, illness, doctor's appointments, bugging out early on Friday, etc. For me, that amount is currently 160 hours, or four weeks a year.
It's twice as much time as I was getting under the old system, which basically means twice as much time that I rarely get to use because every hour of vacation means an hour of playing catchup when I return. Being indispensable has its downside. Unfortunately, the days of stockpiling months of time (or salary) are now gone. Under the new system, only 120 hours of unused PTO roll over from year to year. No matter how long we work there, no one will ever accrue more than three weeks of paid time off. So much for saving up time for a three-month backpacking tour of Europe. And for younger employees, so much for an extended paid maternity or paternity leave.
Like most American companies, when my employers say "benefit," it means there's a benefit to them.
On the other hand, if I end up with more than 120 hours of PTO at the end of the year, the excess time doesn't just go away. I get it in cash, just like the old system, except I don't have to leave the company to earn the payout, and it's never going to be a windfall of months' worth of salary. Fair enough.
Or, in my case, more than fair, if I play my cards right.
Chapter IV: The Goal
This past week I reached an important milestone at my place of employment: I achieved a stockpile of 120 hours of PTO. I started accruing time mid-2020, when the new system began. There wasn't enough calendar time to reach 120 hours, so it all rolled over. I've also taken a couple of random days off in 2021. Now, with just over six months left in the year, I've reached the point where every hour of earned PTO represents a potential cash payout.
In other words, those 120 accrued hours are now principal, and they're simply earning interest until the end of 2021.
I'll accrue another 80 hours of PTO between now and December. If I don't take any more time off, I'll get it back in cash at the end of the year. That's assuming I don't need to take sick days, of course, which I can't totally control. But I'm more than willing to forego any voluntary time off for the rest of this year. Even if I end up being sick for a full week at some point, that still leaves me a payout of 40 hours to look forward to. And I'll go into next year with the same 120 PTO hours in the vault.
I don't plan on touching my 120 hours of principal. Ever.
Chapter V: The Future
Starting in 2022, I'll earn 160 hours of PTO over and above my banked time. That means I can take a full two weeks off and still get a cash payout of two weeks' salary at the end of the year. After I've been with the company for five years, I'll get an extra week of PTO, which means either an extra week of time or an extra week of pay every year. I'm guessing I'll choose the money most years, and here's why.
You guys, barring a lottery win, I plan to retire in 14 years. I'm in nest-feathering mode. I'm not planning any long vacations or sabbaticals, because my focus is on trying to make up for the years when I was married and wasn't able to save. Five years ago I exited my marriage without a dime to my name. Right now my net worth just scrapes six figures. That's not very much for where I am in my lifespan. I don't expect to live to a ripe old age, but I would like to have a few years of comfortable retirement with my darling Drummer Boy and a little nest egg to leave to Precocious Daughter.
Thanks to my employer's PTO policy, and my admitted lack of a life, I can give myself a 4% bonus every year provided I stay healthy and employed. I can invest it and make even more. I can't dwell on where I'd be now if I'd been able to do this in my 30s instead of in my 50s. This is all about the path I'm on, not the ditch I've had to crawl out of.
Epilogue
There's every chance that my plan won't pan out the way I've envisioned it. The economy could tank, my employers could change their policy to close the loophole I'm counting on, or the trickster god could throw any number of flies into my ointment. That's life.
But hell, I'm going for it while I can.
As of this week, I'm fully vaccinated against COVID-19. Technically, I'm still in the "two weeks before the vaccine is fully effective" phase. But I've been jabbed twice.
My side effects were minimal. A sore arm both times. That's all. I feel fortunate.
Precocious Daughter also got her second jab this week. That makes me happy. Coincidentally, she finished up her junior year of college on the same day she got the shot, and I now have confidence that she'll be able to enjoy a mostly normal senior year. The last fifteen months or so have been tough on her, far more so than on me. In fact, the biggest hardship I've suffered as a result of the pandemic has been watching her struggle and not being able to provide much help.
As an aside, when I started writing this little blog PDaughter was just starting fourth grade, and now she's about to be a senior in college. I can't process that right now, other than to marvel at how much she's changed while I've merely transitioned from early middle-age to somewhat later middle-age.
Anyway, I'm not really writing about any of those things today. I'm just putting them down here so I can deal with them later.
In fact, I'm not really writing about anything today. I'm just making a list of things I might write about later. I'm giving myself permission to do that, because my concentration isn't great this morning. Maybe that's a side effect of the vaccine, after all.
So here are some ideas I might flesh out later. Comments are welcome.
1. I bought some temporary wallpaper a couple of months ago in hopes of creating an accent wall in my apartment. I've been hesitant to put it up because it will likely be a comedy of errors. That could result in an entertaining post and a really crappy-looking accent wall. Is it worth it? Discuss.
2. I got a small raise at my IRL job this week. I earmarked most of it to increasing my 401(k) contribution. My life is just that dull. Also, this might allow me to retire nearly a month earlier than I originally planned. FML.
3. Last week I commented on one of Maureen McCormick's tweets, and she liked and replied to it. Marcia Brady, you guys. I plotzed. Also, the tweet I replied to featured one of the best gifs I've ever seen:
4. Have you seen those commercials featuring people who were born in 1996, saying that that was the last year comprehensive Internet regulations were passed? Those people are 25 years old and have never known life without the Internet. Meanwhile, 1996 was the year I established my first personal email account and created my first online presence, which eventually morphed into this very virtual rag you're reading now. For the record, I support updating those regulations, and also I am old.
5. Also, on the topic of adding to my apartment decor, I'd like to add to my collection of decorative bones. My last addition was a monkey skeleton (fake, but realistic). What should I get? Discuss.
6. My balcony-garden spinach is growing like gangbusters, thanks to a combination of sunny days and seasonal rainstorms. I'm still not posting pictures because I don't want to jinx it. But if I ever get to harvest any of it, I'll write 1,000 words on the joys of a really fine spinach salad.
7. Last but not least: I've achieved six months without drinking, but at the same time my sugar cravings have returned after a seven-year hiatus. I'm wondering if I should swap vices. Discuss.
And here's a random picture so my link will be more interesting:
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(Photo by Oleg Doroshenko) |
Longtime readers of this blog...
...wow, thanks, I can't believe you still come around. I'm overwhelmed.
Anyway, for not-so-longtime-readers: the oldtimers know that I'm somewhat obsessed with singerie. Basically, art depicting monkeys in clothes doing people things.
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Yep, it's a whole thing. |
Over the years I've done numerous posts highlighting various singerie artists. Like this one. And this one.
Go check them out. They'll make you happy. Because monkeys wearing clothes, you guys.
Today I'm going to highlight a subset of singerie that is very cool and also totally freaking awesome to say: singerie chinoiserie.
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It's pronounced "Throatwarbler Mangrove." |
Chinoiserie is a French term meaning "in the Chinese style," specifically referring to embellishing Western art or decorations with Eastern motifs. Singerie, of course, is French for "monkeys wearing plumed hats." No! It's even better: It actually means "monkey trick," which is totally going to be the name of my Lancelot Link and the Evolution Revolution tribute band (look it up, kids - I can't link to everything).
But I digress. Put it all together, and singerie chinoiserie is decorative art featuring monkeys dressed up in Chinese-style clothing. This is a thing that exists, and I am here for it. In these times of global pandemic and the heretofore fucked up response thereto, monkeys in Chinese-style clothing doing people things is the joy we all need. Trust me.
This is an entire rabbit hole that can be dived into (into which can be dived...dove...forget it), so I'm going to focus on decorative figurines today. Oh, you can get monkeys painted on vases:
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You can even get vases that are mostly made of monkey:
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This one is by a South African artist and will set you back 2,750 euros. |
You can also get bowls to hold your lemons.
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$150 on eBay; doesn't say if the lemons are included, which seems a significant omission. |
Now, monkeys carrying bowls on their head is a notable theme in chinoiserie.
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When life gives you monkeys, make lemonade. |
Don't like lemons? Fortunately, the possibilities are endless.
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Believe it or not, this one is from Walmart and sells for $178. You OK, Walmart? |
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A bargain at ninety bucks. |
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I'm worth it, bitch. |
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Swanky boys. |
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The vases are adorable. And I'm pretty sure those monkeys are high. |
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And goes for $900. Reading is fundamental. |
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I don't really understand monkey economics. |
Just going to think out loud a bit here. I can do that, it's my blog.
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And I'll blog if I want to. (Early 60s musical reference for you youngsters) |
So this week I was the target of a potential poaching. That's right, someone tried to simmer me in a white wine sauce over low heat until I -
Oh, wait.
Not that kind of poaching. I am not a piece of salmon, silly.
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Aside: I think that sauce has reduced a tad too much. Time to deglaze. |
Obviously I mean that someone tried to hire me away from my IRL job. This happens all the time, albeit not to me because I'm generally worthless. I find recruiters annoying, and when I was answering phones for my office, I routinely sent them straight to the voicemail of whoever they were calling. Yes, they're just doing their job. But to call a company's main number, sometimes five times a day, with the sole intention of offering its people different employment on company time? I'm not saying these are the same guys (and they're always guys) who carry roofies when they go out drinking, but...
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If I've offended any overconfident d-bags, I don't care. Come at me. |
Anyway, I wasn't approached by some random corporate headhunter, but by my former boss. He hired me for my current job a few years back. He's an awesome person, and we clicked right from the start (unlike my previous boss, who literally threatened to beat me with a hammer when I made a mistake, but I digress...)
When the pandemic hit right around this time last year, my company did a (fortunately limited) round of layoffs. Unfortunately, my boss was among the layees. It was pretty devastating, as he was universally beloved by everyone whose job wasn't deciding who to lay off. He landed on his feet, though, and now works for a competing firm.
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Meanwhile, ol' Maxwell Edison still has his job. (Late 60s musical reference.) |
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No lucrative book deal for you. |
I'm going to cut to the chase here: I respectfully declined.
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Now might be a good time for that hammer, after all. |
Why? Why did I turn down what seemed to be - hell, what undoubtedly was - a solid opportunity?
Self-sabotage is a reliable go-to answer for a question like that. At least for me it is; I have a long history of self-sabotage. It's kind of my brand.
But I don't think that's the case here.
It's not loyalty to my current company. It's a good place to work. It's not a great place to work. I've had maybe two great workplaces in my entire life, and one of them was a video store in the mid-80s. I realized long ago that nothing will ever top that, so I don't use it as a comparison criterion for selecting new jobs.
It's not salary and benefits. As I said, I undoubtedly could have negotiated a higher salary from my former boss than I currently get. My pay is sufficient, but my company is stingy with raises unless they accompany a promotion. My job has few opportunities for promotion - it's a nonzero number, for sure, but there just aren't many rungs on my career ladder. The company does offer an obscenely generous 401(k) and decent health insurance.
It's partly location. I know plenty of people who commute long distances every day. But for me, not sitting in traffic for two hours every day is a huge quality of life issue, and my current commute is relatively short and stress-free. The potential new job would have required me to drive downtown from my cozy suburb. For me, that's a nightmare scenario. Down the road I could see myself moving to the city, which would make a downtown commute a non-issue. But for various reasons that's not an option right now, and every time I tried to convince myself otherwise, my inner voice wisely told me to cut the crap and be realistic about my life.
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My inner voice is much saner than I am and is probably pissed that it didn't get the outer voice gig. |
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Even an actual salmon wouldn't name a kid Salmon. That would be like me being named Functional Alcoholic. |
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I have no idea if anyone actually called Abraham Lincoln "Babe." But I would have if I'd been there. |
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Use this Matthew Brady photograph. Also, his less-possessed side looks a lot like the late Peter Boyle. |
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Not gonna lie, that was pretty damn cool. |
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Eighteen more payments and he's mine, you guys. |
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Me, IRL. |
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Plus complimentary chips and salsa, and I really don't know why the Powerball folks don't advertise that perk more. |
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Or unless I can successfully sue this little minx for stealing the catchphrase that I totally coined in... oh, let's say 2007. |
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Not this, however. |
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It leads to feelings of revulsion and disgust. Eating eggs, I mean. *yuck* |
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I'm udderly indefatigable. Hehe. I kill myself. NOT literally. |
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I am from sausage-loving stock. |
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Probably Lin-Manuel Miranda is the hero Gotham deserves, and also is adorable. |
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For one thing, it stinks. |
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Seriously, click that effing link in the preceding paragraph. DO IT. |
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I-HECKIN-CONIC. |
This. |
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Hey, if Jerry Lewis says so... |