Hello My Peoples,
I know it has been a while, but I am a hard working brother and have to make that money. Now that being said, I make my money from other things than financial advice. This separates me from the other cats on the internet blog sites. I am not trying to make money off of you, just spreading good frugal advice and love for my people. As my mother used to say, "People who love you will tell you what you need to hear not what you want to hear." SO AGAIN as I yell at you. Beware of people trying to make money off of you. Now don't get me wrong, you should protect your family with insurance and you should invest for your future, but you can research and do this for yourself without paying hefty fees. You can check this blog, ask questions, and seek out your library for some good books. Yes, as frugal fans you are going to have to read for yourselves. I am not your quick answer guy but we can have a healthy discussion once you educate yourself a little. I need you to join the ranks of the Frugal Franks On the Black Side, which means I am probably going to rename this site because I believe in the empowerment of black women and we need strong sisters and brothers. Now, just because I love my people don't mean I am against others. I love the human race, but my people sometimes get neglected. So, as I write this blog on Mother's Day, I have to give much love to my deceased mother who was a symbol of strength in flesh. She could pinch pennies like nobody's business and still do better than neighbors making twice as much as she.
So here is a list of the attributes of Frugal Frank OTBS fans:
1. They drive used Volvos, Honda Vans or Subarus
2. They take mini-vacation weekends using sites like Groupon instead of exotic ones
3. They invest in their children's education instead of clothes
4. Men wear Keenes, Clarks and Rockports
5. Women wear Keenes, Birkenstocks, and Danskos
6. Have 15 year home mortgages
7. Have assets of $1 million and are maxed out on 401K's and 403B's
8. Shop at Lands Ends, LL Bean, Thrift Shops and hit Tag Sales on weekends
9. Should be invested in some Berkshire Hathaway
10. Do not have Bitcoin (because we don't understand it yet, although Ripple is interesting)
11. Don't plan to retire-we will talk about this in the next blog
12. Send their kids to public school if they can
13. Don't Tithe but support the church not because of guilt but through love
14. Have switch to Apple Computers, software and tech is just better
Well, time to go. After All it is Mother's Day and Tiger Woods and Harold Varner III are making history making as the only two blacks on the LeaderBoard at the Players Golf Tournament.
Peace Out,
Frugal Frank OTBS
Sunday, May 13, 2018
Thursday, December 14, 2017
For Christmas,Buy Your Kid a Junior Golf Membership
Hello my Peoples,
I am in the holiday spirit and feel like blogging away. I am originally from a good old black southern environment and this time brings back special memories. We were kinda of poor but never knew it because my mom was the ultimate spendthrift. We knew what we were getting for Christmas in June because my mom would layaway Christmas gifts 6 months early and it was mainly clothes with like one toy. My toys were always Tonka, because they were hard to destroy. I am talking about the old Tonka vehicles made of metal not these plastic ones today. My mom worked 6 days a week and during Christmas the department store where she worked would stay open until 9 pm. On Christmas eve, it would close at 5 pm and that's when the fun for us but added work for mom would begin. She would cook all night long and wrap gifts before we woke up. In the morning we would wake up to the smell of country ham, cheesy eggs, biscuits and salty herring(never knew how the fish mixed in).
We made it because my father and mom had built our home and paid it off before he died when I was young, so that allowed my mom to raise 5 kids on her check and Social Security from my father. When mom wanted to buy furniture or clothes she would lay them away, but she bought the best. She would always say "If you buy quality goods like the white folks, then it will last." That is one thing she learned working in the houses of wealthy white people, they don't waste money just because they have it. When she was recommending something, she would say "That's what they are......." which meant that is what the white folks are doing. But, you know what; her philosophy got me into some of the best colleges, great organizations and allowed me to traveled to Europe and have a heck of a good life.
So, why do I say for Christmas, buy your kid a junior golf membership? Because, "That's what the white folks are doing." They have almost surrendered basketball and football for now until they can figure out how to change the rules of the game. Has anyone noticed how the free little leagues that we grew up with are being replaced with high priced travel teams? They are pricing us out. Now a days if you don't pay for kid to go to the expensive summer camps your kid better be the next Lebron because the high school and college coaches recruit from the camps for soccer, football and basketball. They are on these coaches radar in middle school. The game is changing and we don't know the new rules. But, let's talk golf.
Golf country clubs are looking to increase participation in the sport and the fertile territory is the young. If they get them introduced to the game, they have players who will pay for 40-50 years and will also draw in parents. The normal annual membership to the average golf club can range from $1000 to $20,000, but junior memberships can cost as little as $200 a year. Of course, you need to get the kid lessons with a pro(not too expensive,check out First Tee), but this will be the best investment you ever spent. You will introduce your child to a whole different world and, if they play in junior tournaments, to some of the best golf courses in the country. They will meet future pro golfers and make great connections. If they are good, they can receive full scholarships to some of the best colleges. You guys should follow the other black guy on the PGA Tour(besides Tiger), Harold Varner III. This brother graduated from East Carolina and made about $2 mil last year. So even though I like team sports like football or basketball, golf and tennis are the best defenses against bias and racism. In team sports, your playing time depends on whether the coach likes you or thinks you can contribute to the team. So many talented players waste their time on the bench with dreams deferred. But with golf and tennis, you don't need permission. Your destiny is in your own hands and if you hit enough balls and play enough tournament, you will get better. Now, I do have to warn you that at times you and your kid will be the only black faces in the clubs and tournaments, but this only teaches your kids tenacity and by the most people are polite and helpful. The Asian parents will embrace you also. In golf , the one with the lowest score wins. No one can prevent your kid from playing and its a lifetime sport and it is never to late to start them. Trust me, you will have a better time walking 18 holes with your kid rather than watching him ride the bench for 10 minutes of playing time. Parents, if you have girls, golf is where it’s at. The sisters can dominate. Trust me they can do more with golf than cheerleading. My boss never asked me to go cheerleading after work. You will be raising strong sisters. Did you know that a black woman owns the golf course that the Arnold Palmer Invitational was played at and tha Condolezza Rice is a member at Augusta National, one of the most exclusive golf club in the country.
So, for Christmas, go get that golf membership and don't forget the clubs.
Finally, because you are reading this blog, I know you will have a frugal Merry Christmas.
Happy Holidays and remember what James Brown said, "Santa Claus goes straight to the Ghetto",
Frugal Frank OTBS
I am in the holiday spirit and feel like blogging away. I am originally from a good old black southern environment and this time brings back special memories. We were kinda of poor but never knew it because my mom was the ultimate spendthrift. We knew what we were getting for Christmas in June because my mom would layaway Christmas gifts 6 months early and it was mainly clothes with like one toy. My toys were always Tonka, because they were hard to destroy. I am talking about the old Tonka vehicles made of metal not these plastic ones today. My mom worked 6 days a week and during Christmas the department store where she worked would stay open until 9 pm. On Christmas eve, it would close at 5 pm and that's when the fun for us but added work for mom would begin. She would cook all night long and wrap gifts before we woke up. In the morning we would wake up to the smell of country ham, cheesy eggs, biscuits and salty herring(never knew how the fish mixed in).
We made it because my father and mom had built our home and paid it off before he died when I was young, so that allowed my mom to raise 5 kids on her check and Social Security from my father. When mom wanted to buy furniture or clothes she would lay them away, but she bought the best. She would always say "If you buy quality goods like the white folks, then it will last." That is one thing she learned working in the houses of wealthy white people, they don't waste money just because they have it. When she was recommending something, she would say "That's what they are......." which meant that is what the white folks are doing. But, you know what; her philosophy got me into some of the best colleges, great organizations and allowed me to traveled to Europe and have a heck of a good life.
So, why do I say for Christmas, buy your kid a junior golf membership? Because, "That's what the white folks are doing." They have almost surrendered basketball and football for now until they can figure out how to change the rules of the game. Has anyone noticed how the free little leagues that we grew up with are being replaced with high priced travel teams? They are pricing us out. Now a days if you don't pay for kid to go to the expensive summer camps your kid better be the next Lebron because the high school and college coaches recruit from the camps for soccer, football and basketball. They are on these coaches radar in middle school. The game is changing and we don't know the new rules. But, let's talk golf.
Golf country clubs are looking to increase participation in the sport and the fertile territory is the young. If they get them introduced to the game, they have players who will pay for 40-50 years and will also draw in parents. The normal annual membership to the average golf club can range from $1000 to $20,000, but junior memberships can cost as little as $200 a year. Of course, you need to get the kid lessons with a pro(not too expensive,check out First Tee), but this will be the best investment you ever spent. You will introduce your child to a whole different world and, if they play in junior tournaments, to some of the best golf courses in the country. They will meet future pro golfers and make great connections. If they are good, they can receive full scholarships to some of the best colleges. You guys should follow the other black guy on the PGA Tour(besides Tiger), Harold Varner III. This brother graduated from East Carolina and made about $2 mil last year. So even though I like team sports like football or basketball, golf and tennis are the best defenses against bias and racism. In team sports, your playing time depends on whether the coach likes you or thinks you can contribute to the team. So many talented players waste their time on the bench with dreams deferred. But with golf and tennis, you don't need permission. Your destiny is in your own hands and if you hit enough balls and play enough tournament, you will get better. Now, I do have to warn you that at times you and your kid will be the only black faces in the clubs and tournaments, but this only teaches your kids tenacity and by the most people are polite and helpful. The Asian parents will embrace you also. In golf , the one with the lowest score wins. No one can prevent your kid from playing and its a lifetime sport and it is never to late to start them. Trust me, you will have a better time walking 18 holes with your kid rather than watching him ride the bench for 10 minutes of playing time. Parents, if you have girls, golf is where it’s at. The sisters can dominate. Trust me they can do more with golf than cheerleading. My boss never asked me to go cheerleading after work. You will be raising strong sisters. Did you know that a black woman owns the golf course that the Arnold Palmer Invitational was played at and tha Condolezza Rice is a member at Augusta National, one of the most exclusive golf club in the country.
So, for Christmas, go get that golf membership and don't forget the clubs.
Finally, because you are reading this blog, I know you will have a frugal Merry Christmas.
Happy Holidays and remember what James Brown said, "Santa Claus goes straight to the Ghetto",
Frugal Frank OTBS
Subscribe to:
Comments (Atom)