Roy laughs now when he says the only thing his father left them was a mortgage, but it wasn't funny at the time. Yet after a couple of years running the shop and making a good income, Roy had very little to show for his efforts. His mother and sister were being well taken care of, but financially, that was about it. He started reading everything he could on money management. At that time, almost all financial books concentrated on investment alternatives, not on mundane topics like saving, buying a house, and insurance—you know, the common person's concerns.
They all showed what to do with money once you had it, but they didn't tell you how to accumulate it. Roy reasoned that that certainly held true for sports, so it probably held true for just about everything else, too, including financial planning. He went to visit Maurice White.
White was one of the wealthiest men in town. He owned a jewelry store, a huge farm, several 20 A Surprising Referral racehorses, and half the real estate downtown. Included in those holdings was the building that housed Miller's Barber Shop.
White had always liked Roy. He admired him for his loyalty to his family, and he was also impressed with Roy's entrepreneurial approach to increasing business. When Roy told Mr. White why he had dropped by, Mr. White nodded. I'll teach you the golden secret of financial success in one hour.
I venture to say there aren't many barbers who started with nothing and today own a beautiful house on the lake, a large investment portfolio, an office building, and have their retirement well taken care of. What was it? It's not that simple. Roy continued to read and learn about financial planning. His knowledge of insurance, retirement plans, and investments has really helped him. But there's no doubt that hour was the catalyst. I'm not telling you any more, though.
Roy teaches financial planning better than anyone, and I know he'll be more than happy to share his knowledge with you. In fact, I've already told him that you won't be talking just about the Tigers tomorrow. You'll be astonished when you learn how easy it is to handle your finances properly. If you listen to Roy, you'll never have any financial worries. You'll be so wealthy you'll be able to build your mother and me a guest house down in Ann Arbor.
How much do those sessions cost? I bought my own tanning machine,' an embarrassed Cathy replied. I slave all day at the plant to make ends meet and you're buying your own electric beach! If you'd just work on your personality a bit, I'd ask you to marry me. Bigamy is illegal, you know, Tom,' Cathy pointed out. What happened to, 'Excuse me, miss, can I buy you a Porsche?
To meet women, a man's gotta do what a man's gotta do. Besides, that Porsche line has served me pretty well over the years. I had some extra money, and I love being dark. Besides it didn't cost all that much. You must own half of Port Huron by now.
With my car payments, mortgage payments, condo fees, credit cards, and daily living expenses, there's hardly anything left. It never ceases to amaze me. Except for my down payment, my furnishings, and a small IRA, I haven't saved much at all.
I get calls all the time from brokers and insurance agents who want to give me advice, but I distrust insurance agents, and I don't understand a thing brokers say. You won't believe the conversation I had with Dad last night! That's why I didn't go out. I wanted to discuss financial planning. With Sue and me about to have a baby, I want to start investigating things. We're looking for a house now.
I'll need insurance You must be kidding,' Tom scoffed, between mouthfuls of his tenth piece of toast. I didn't know he knew anything about money. Then he learned the basics of financial planning and now he says he's in great shape. And you guys won't believe who taught him—Roy Miller. You know how we figured Roy's wife must have inherited some pretty big money? It turns out the house, the Lincoln, the boat—everything—were all earned through good financial planning.
Roy started from scratch and with only average earnings turned himself into one wealthy barber. In fact, our favorite barber is going to start teaching me this morning. Dad says Roy will tell me all I need to know to gain financial peace of mind. Do you two mind if I tag along today? Maybe one Saturday years from now, we'll be eating brunch on the Mediterranean, remembering this as the most important morning of our lives.
Thacker's shave, if you can call it a shave. I don't think Mr. Thacker has had any facial hair growth since he turned ninety, five years ago. Thacker inquired, looking me straight in the eye. I always get you confused with your brother. You're thinking of—' 'Dear me, what happened to your brother? The poor boy couldn't have been more than thirty! You're thinking of—' 'Oh, yes, I'm sorry. I thought you were one of the Richardson boys, the principal's sons.
Thacker had started for the door. He knew who you were the whole time. It's all an act. He figures I won't ask him to pay if I think he's losing it. If I gave a free cut to every weirdo who came in, I'd be broke in a month, and you two boys wouldn't have paid in years. I myself didn't find that line particularly funny, but it got a couple of knee-slaps from Jimmy, who was reading the paper in the corner.
I heard it was ninety-eight degrees down there yesterday. He'll be on a liquid diet for sure. I always go before Tom, who insists on making sure that Roy is warmed up before he'll go near him. With Sue and me about to buy a house and have a baby, I figured it's time I learned a few things. Dad told me you know more about financial planning than anybody, so Cathy, Tom, and I are hoping you can teach us the basics. He came to see me several years ago himself, and we put him on the right track.
That's good news. But he had some money to invest. I'm not sure you'll be able to do much for me. The only money Sue and I have is what we've saved for our down payment. Financial planning is really nothing more than the proper handling of cash flow and assets to meet your objectives. Oh, there are wills and insurance and a few other things, and we'll talk about all that later, but basically, how you handle your income and assets will determine your success.
Most young people don't have any assets, except maybe a home. So, it comes down to managing your cash flow. Everybody's terrible at that. Very few people have become financially successful through budgeting, and the ones who have aren't much fun at parties.
I sure never have any left at the end of the month. I spend everything. The better business gets, the more I spend. I admire your enthusiasm, but let's slow down a bit. I've done it for lots of people, these clowns included,' Roy said, nodding at Jimmy and James. Seven months from now, you'll be on the road to prosperity, and you'll tell everyone that Roy Miller is the greatest man who ever lived. I mean, Roy, you really are working with novices. Tom and Dave and I are financial idiots! You'll have to worry about the other part yourselves.
Trust me—good financial planning is nothing more than common sense. These are the average American's goals. Especially if you start young. Time is your greatest ally. If you three start now, I guarantee you that you will exceed all your goals—dramatically. I'm a barber, for crying out loud! I'm proud of my business, but I'm the first to admit that I'm not pulling in a doctor's salary.
Far from it. Yet you'd be hardpressed to find many professionals with better financial statements than mine. I hope it doesn't sound like I'm bragging. It's just that it's important for you to know that if someone as simple as me can become wealthy, it's certainly possible for you geniuses. Maybe a bit slow, but not simple,' Tom wisecracked.
Your dad and I talk about this all the time. Our schools don't teach money skills. Our family members don't talk money. And just as important, there are very few places that an aspiring learner can turn to. But when you're originally developing your plan, you must take responsibility for your own future.
As I said earlier, the great thing is it's not hard. What is it? I'm saving that for next month. If you only pay attention once in the next seven months, let it be next month. If you follow that lesson, even if you do everything else poorly, I guarantee you that someday you'll be rich. I'm taking care of her for the afternoon. Emily's only three years old and I don't want to scare her off men for the rest of her life.
Roy had really piqued my interest. I've known him all my life, and he has always come across as a very modest man. The matter-of-fact confidence he displayed when discussing Tom's, Cathy's, and my financial futures was out of character—and contagious. I had no doubt that I had taken the first step along the road to financial prosperity.
A north wind had come up and was blowing at fifty miles an hour. That, combined with a torrential downpour, had caused most people to stay inside. Most smart people, that is. There was no way Tom, Cathy, and I were going to miss out on the golden secret.
We had been looking forward to it for a month. We were so excited, we even skipped breakfast at the Thomas Edison. As usual, I drove. My parents' house has indoor access to the garage and both Tom and Cathy have underground parking so, surprisingly, it was possible to remain perfectly dry until we arrived at the shop. On the way there, Cathy suggested that Roy might be closed because of the weather.
Tom and I just laughed. Roy hasn't missed an entire day of work in thirty-seven years for any reason. He had even opened on the morning of his daughter's wedding. With so few people venturing out, we were able to get the parking spot right in front of Miller's.
Between our umbrellas and his awning, we managed to get from the car to the shop door relatively unscathed. Clyde, with his Florida tan, was standing on the other side peering out through the glass.
We've got coffee brewing,' he chirped in his reedy voice. By this time, we were starting to get pretty wet. And annoyed. The angle of the rain was such that it was impossible to protect ourselves completely, even with the help of the awning and umbrellas. Tom and I stood stoically. Clyde shook his head and let all of us in.
You should seek professional help. It's terrible out there,' Roy commented. And miss our long-awaited, eagerly anticipated first lesson? You've got to be kidding! I'm not sure why I always use James Murray's given and family names. You should know that by now,' Roy replied as he straightened up the counter. My financial situation is getting worse instead of better,' Cathy began impatiently. As your father has probably told you, I took over this shop thirty-odd years ago when my dad died.
I got lucky and a few of my ideas paid off. After a couple of years, I was making a pretty good income. Very good for a barber. I added a couple of chairs in 31 The Ten Percent Solution the other room and, all in all, things were moving along well.
I knew my income from the shop was respectable, but it was never going to make me a rich man. That bothered me because, frankly, I wanted to be wealthy. I grew up poor and, believe me, it's something you don't acquire a taste for. I didn't want to live in town in a tiny, one-bedroom home—I wanted to live on the lake. I wanted to own this building, too. I wanted a nice car, trips to Europe, and some of the other fine things life has to offer. Or, at least, that's what I thought.
So, I developed a budget: so much for rent, so much for food, so much for clothes, so much for savings. Two years after starting to budget, I had very little to show for it. Sure enough, at the end of each month I'd end up saying, 'So much for savings,' but, unfortunately, it didn't mean what I had hoped it would mean.
It was pretty depressing. I didn't have a father to turn to, so I went to a person who I figured must know a lot about money, he had so much— Old Mr.
I told him what I wanted to achieve. Ts it possible? If you follow that one simple guideline, someday you'll be a very rich man. I felt the same way myself. I wasn't very impressed when Mr. White told me, either. My budget was already designed to save even more than ten percent and, at that point, it 32 The Ten Percent Solution wasn't working and I was far from wealthy. But Mr. White went on to explain a few things that I'll tell you now. I don't know I'd say two hundred thousand.
Maybe not quite that much,' Cathy concluded. The answer is one point four million dollars,' Roy declared. When he realized that Roy was serious, he paled. And where am I going to get fifteen percent? For that matter, where am I going to get two hundred dollars a month? Dave, you try one. If you had started putting thirty dollars a month away, the equivalent of a dollar a day, at age eighteen and you continued until age sixty-five, averaging a fifteen percent annual return, how much would you end up with?
Thirty dollars a month is three hundred and sixty dollars a year, times fortyseven years. Anybody have a calculator? I'll say around seventy thousand. The magic of compound interest. The eighth wonder of the world. Thirty dollars a 33 The Ten Percent Solution month, a dollar a day, will magically turn into more than two million. And do you know what's even more impressive? You know someone who has done it,' Roy said proudly. I have achieved just under a fifteen percent average annual return.
In addition, as my income rose, my ten percent savings component rose accordingly. Thirty dollars a month became sixty dollars, then a hundred, and eventually hundreds of dollars a month. Roy Miller, a millionaire? To the best of my knowledge, I'd never met a millionaire, and I sure didn't expect my first to be my barber. Roy was clearly deriving great pleasure from the disbelief on our three faces.
But if they had invested that money at eight percent interest, today their investment would be worth trillions of dollars. Take your dad, Dave. If he had started his program at the same time I did, you'd be looking at a big inheritance down the road.
C'mon, Roy, you've got to be kidding! Saving money is never easy. No one—and I mean no one—has devoted more time to developing a budget than Susan and I. Yet every month, apart from our down-payment fund, we haven't managed to save a cent. As for investing, the only investment I've ever made was in a penny stock. I lost six hundred dollars in one week.
Six hundred dollars that I couldn't afford to lose. Six hundred dollars that I needed for my tuition. But not a devastating one.
In fact, inflation is all the more reason to save. Things are going to get more expensive. Lakefront properties are going to continue to rise in price. Lincolns are going to cost more. But, believe me, if you save ten percent, you'll be parking your Continental beside your vacation home someday.
Remember that your wages will continue to rise too, as will your ten percent savings. My original ten percent stake was only thirty dollars a month; yours will be much more and so will your total wealth. That will do a lot to offset inflation. If you handle your savings wisely, your growth rate should far exceed the inflation rate.
Maybe not every year, but certainly on average. Let's talk about saving the money first. When people think about saving, they think 35 The Ten Percent Solution about budgeting. I'll allot so much of my income for this, so much for that, et cetera, et cetera, and at the end of the month, I'll have so much left over. But as each of us knows all too well, something goes wrong. Money keeps running out before the month does.
When I took over the shop, it was obvious that cost management hadn't been one of my father's strengths. I designed a detailed budget that covered all my potential expenses. I stuck to it like glue. That budget played a major part in my early success. To this day, I still do a shop budget once a year.
And I still stick to it. I discussed the situation with Old Mr. I'll never forget his reply. It's in the best interest of the business to limit those needs as much as possible. An individual, on the other hand, must budget for both needs and wants. It is a rare person who can do that successfully because, for too many people, a want becomes a need. Did I need a new car in my second year of business, or did I just want one? Cathy, did you need to get away to Europe last winter, or did you just want to?
Tom, did you need, or just want, the best stereo available? It's human nature to spend our entire disposable income and to rationalize all those expenditures as needs. One of the reasons I make money is to spend it on things I like,' I argued.
That's exactly what I said to Mr. Child theme is a theme inherits its functionality from a theme Parent theme. If you are not using child theme, you are making all tweaks and customizations in your main theme. Just fill the child theme generator form , Download the zip theme file it generates, Upload the theme file and activate it. This is not a plugin, you can Generate child theme without using Plugins. This child theme zip file contains 'style.
The first episode was criticised by the TV critics of two British newspapers for lacking jokes. That rather seems to miss the point. I found it far funnier than they seem to have done, and often it is the small, almost insignificant points which are so telling: the casting of peripheral characters is masterly and hints at the essence of Twenty Twelve. This is not in the first instance a comedy but satire which sends up mercilessly the attitudes, dishonesty and outright nonsensical babble of recent times.
But it is done in such a straight-faced manner than perhaps some miss its nuances. My favourite character is the utterly vacuous air-headed Siobhan Sharpe, on secondment from the PR company Perfect Curve as the Olympic deliverance committee's Head of Brand, but that is just a personal choice and it would be unfair to single her out. I have met all the characters portrayed in real life and, oddly, they are not at all exaggerated.
With luck - and the Games being just over a year away - this one will run and run. FAQ 2. Do Ian and Sally end up together? If this a docusoap, why are people so open and things put on TV don't become common knowledge? Details Edit. Find more information about each Kontakt library below.
You can also learn how to install third-party Kontakt libraries and how to get a Kontakt crossgrade. Available for free download from Native Instruments as part of the Komplete Start bundle, it delivers a versatile set of sampled instrument sounds. Kontakt Factory Selection provides a valuable starter kit of acoustic and electronic instruments. Actually, my favorite part of the Kontakt Factory Selection is the African percussion patch that is perfect for building percussive loops. Twenty Five is an epic free Kontakt library that Native Instruments released in celebration of their 25th anniversary.
It covers everything from bass sounds to pianos and soundscapes. Access the advanced control panel to control the built-in sequencer and manage the macro controls.
Twenty Five is a rather large 2. Kontakt Play Selection contains 10 presets from each library. As we already mentioned, the easiest way to get Kontakt Play Selection is to add the Komplete Start bundle to your Native Instruments account. You can then use the Native Access license manager to download and install the library.
It is based on a collection of toy samples. The sampled source sounds were used to create more complex patches with the help of some clever processing powered by the Kontakt engine. The Free Orchestra is a collection of cinematic orchestral samples for the free Kontakt Player plugin.
It covers a range of orchestra sounds, from string staccatos to brass clusters and symphonic percussion. The library was free for a while, but a recent update introduced Kontakt Player compatibility. This means that you can simply install it and use it with the free Kontakt Player plugin without any workflow restrictions. The Free Orchestra comes with a customized user interface for Kontakt Player. It provides a limited set of on-screen controls for the most essential sound engine parameters and performance options.
You can quickly fine-tune the volume envelope, the filter, sample reverse, and the built-in effects. The user can also choose whether the dynamics are controlled by the modulation wheel or note velocity.
Soniccouture is offering a selection of free Kontakt libraries in the Free Stuff section of their website.
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