All posts tagged money

Apple VP Phil Schiller shilling the iPad Pro

(From Daily Dot, 3/21/2016: Apple exec says using a 5-year-old PC is ‘sad’)

Phil Schiller, Apple’s Senior Vice President of Worldwide Marketing, took the stage in Cupertino, California, to explain some of the new features and specs on the new iPad Pro.

Between showing off a new display and camera, Schiller also took some digs at Windows and PC users, specifically calling out those users who are on computers more than five years old.

Schiller said that 600 million people are using PCs that are over five years old. “This is really sad,” he said.

The audience in Cupertino laughed and applauded, but many of those watching the livestream did not.

I don’t applaud the VP’s statement either.

Mindless pursuit of the latest consumer goods can be detrimental to your financial health.

Default retention and expansion of expensive cable/satellite services can also be bad.

My feelings and thoughts about money were crystallized by a book I read in 1992: “Your Money Or Your Life” by Joe Dominguez and Vicki Robin.

The book’s thesis is that achieving Financial Independence (FI) is a feasible and a highly desirable goal.

Also, you can consider money as something you receive in exchange for your “Life Energy”.

In view of the fact that you have a finite amount of life energy, it makes sense to consider whether each prospective purchase is worth the life energy you would expend to pay for it.

Every unnecessary, unfulfilling purchase you make delays the arrival of FI for you.

(It also clutters up your living space; my favorite book on this topic: “Not For Packrats Only“.)

The book, at least as originally written, supposed that we dislike our jobs and want to be free of them.

"The Bow-Wow Affair"

Kuryakin and colleague

(As the great Russian philosopher Illya Kuryakin once said when asked by colleague Napoleon Solo if he was free for an assignment: “No man is free who works for a living. But I’m available.”)

I had been working at American Airlines as a realtime programmer for over three years by 1992, and was still thrilled to be doing what I was doing. So I didn’t agree with that supposition at all, then.

However, 20+ years including a spin-off, an outsourcing, an acquisition, a boomerang, and an overall deterioration of corporate culture later, the job’s luster significantly diminished for me.

At that point, I was glad I had been diligently putting the book’s general philosophy into practice all that time.

The book’s specific financial advice was lacking. I didn’t invest in 30-year Treasury bonds as it recommended.

That was because I had previously read the book, “A Random Walk Down Wall Street”.

Though I participated in an investment club in the mid-1990s, the main thing I learned was that I didn’t want to be spending my time researching stocks.

“Random Walk” had already revealed to me that a monkey throwing darts at a newspaper stock listing outperforms professional investment advice over time.

Besides, a monkey charges only peanuts for his services.

Buying and holding index funds (a way to automate the monkey) and not attempting to outguess the market is an easy, low drama way to invest.

(Being mindlessly on autopilot in this realm is not such a bad thing once you have set a general course, as over-attention can lead to taking financial actions at the wrong times.)

My computer setup in its entirety cost less than the cheapest iPad on the screen behind the Apple VP (skip the following if it bores you).

As part of TCC’s Wavebreak Cloud Computing program, I was issued a now-8-year-old dual-core Dell laptop for free. It was upgraded first to Windows 7, then to Windows 10 at no cost. I am typing on it at this moment.

My mom (who had loaned me the “Your Money Or Your Life” book) unloaded a now-7-year-old weak Celeron processor-powered desktop Windows 7 PC on me when she switched to a laptop. I realized I could use the built-in Windows Media Center software and a USB TV tuner to turn it into a PVR (personal video recorder) for the media room. It has since been upgraded for free to Windows 10 as well. It runs headless (no monitor).

Our newest PC is a 5-year-old PC bought used from a friend, who bought it at an estate sale. Of the four, this is the only one with significant CPU power (quad-core i5). It does all the heavy transcoding of DVR’d broadcast TV for the free Emby server software, which streams to smartphones or Rokus. It quickly converts DVDs to .mkv files usable in Plex or Emby. Likewise, it was upgraded from Windows 7 to 10 at no cost. It also runs headless.

The oldest is about 11 years old. It also has a weak Celeron CPU, is still on Windows Vista, and won’t be upgraded. It still has some use as a Plex and print server. With monitor and free VNC software, it serves as a window into the desktop environments of the two headless home theater PCs. It was the most expensive of the lot!

I also have three Linux-based Raspberry Pi computers costing $35 each.

I strap one of my wife’s cast-off Android smartphones to my arm as a music player while running and working out. Another one, I use as a wifi-only smartphone around the house and other wifi-enabled hangouts.

When I retired early, I found that I did miss one aspect of my old job: some of the actual work, researching and solving computer problems, and writing about them. Cord-cutting has given me opportunities to do both.

I’ve had a lot of fun doing it, not the least aspect of which is the large savings of “Life Energy” on cable TV.

So, Mr. Apple VP, I will take your opinion of old computers “under advisement”, and “going forward”, will most likely ignore it.


You do not need PCs at all to cut the cord. A TV and an antenna can completely suffice.

Maybe add a Roku box for Netflix, Amazon, YouTube, etc., if the TV isn’t “smart”.

Maybe add TiVo (and leave off the Roku) if you want an onscreen program guide and DVR.

That’s all you need to start saving a lot of “Life Energy”.