Apr
28
2012

  Excited for T

T's new startup, ChartIQ, has been selling about a dozen copies of their app per day since it was released in the app store. This didn't sound like much to me, but he said was better than they had expected. The exciting part is what this could mean for projected sales for their actual charting app, which will be useful for a broader audience than their practice trading program.

When T told me the projected sales for the next year last night, I high-fived him and said that was good news. But the extent of the good news didn't really hit me until today. I had been putting the sales figures in AFS terms, where there was a whole office full of employees and other partners. But today I remembered that his new company is primarily T and his partner D, plus a graphic designer. That's it. No NYC office rent, no health insurance, no business expenses of any magnitude. The sales of their app is all profit! I re-did the math in my head.

I had another conversation with him today, to make sure my understanding was correct. If all goes well, we might be able to resume an executive lifestyle! We can take the kids and a nanny on a luxury vacation! We haven't been anywhere exotic since taking W to Manhattan Beach in 2009. I haven't been agitating for a nice vacation since on some level it is gratuitous-- do we really need a vacation from our pretty low-stress life here on the farm? We do go to NYC every year, so it's not like we never leave home. But I do miss travel a bit, and wouldn't mind a trip to Europe at some point. Or at least a luxury beach resort. I haven't been to Naples, FL in years now, but I still miss it. It's very tony for a beach town in the states. Especially if you stay at the Ritz. . .

And we could totally hire out a lot of work here on the farm. The trees alongside the driveway are really getting out of control, and T is afraid of using a chainsaw so they just keep getting bigger and bigger. I need to call in some tree guys and just have them chop down and mulch several dozen of the worst offenders, and we can put in an allee of nicer trees in the fall.

Plus I wouldn't feel bad about spending more on babysitters. We went out a lot after W was born, but when we analyzed our budget after that year we hadn't realized what a ridiculous percent of our expenses that had become, so we cut back. If we actually had some real INCOME rolling in, we could live a lot higher on the hog. We've gone all survivalist since realizing that with the stock market in this sideways pattern and interest rates less than 1%, we would run through our retirement money way earlier than we anticipated.

T is so prudent. My plan is generally to just do what I want, and when the money runs out, come up with a new plan. T is in awe of the way when I was in my 20s and sick of the dead-end temp job I was in, I used my savings to pay off my rent and bills in advance for a few months and took off cross-country with my boyfriend. When we got back, I blithely hung out with him and our self-employed (or unemployed) friends during the day, having a grand old time. It was only when I got to $200 left in my bank account that I decided I needed a plan, since my next rent payment was $320 and in two weeks. I just got another temp job, knowing I'd get paid at the end of the week, and all would be well. T said he would have been waking up vomiting every morning with worry until he had something lined up. He couldn't fathom just hanging out having a good time until the money ran out. We're a good team that way. I help him loosen up. And it's not like I go into debt, I'm very good with money. I just never WORRY about it. I just trust something will work out. So I've been telling him, eh, so well run out of retirement money before we get old. You've got YEARS to figure something out. Relax.

But it's just not in his nature. So he hatched this money-making plan well in advance of our projected insolvency. And if it goes well, we'll be able to have a few more spendy years before we have to go back to relative austerity. And if it goes REALLY well, weight not have to return to austerity so soon. On the other hand, once we've made a few capital improvements, which will be expensive, we don't have a lot of high-priced
needs. I mean, if we get this farm into the shape of a luxury country resort, and we LIVE here, how austere can it be, really? We don't want to eat out every night of the week anyway.

Well, all of this is still just in the excited anticipation phase at this point. Until the second and third apps are fully rolled out we can't count on anything. But I am going to start making some phone calls to see if I can get some contractors out here for quotes. One thing I've learned about T is that he's generous with approving large expenditures when there is ample cash flow, but he clamps down on everything once we're burning through principal (so I'm glad I got all my nice jewelry back when the getting was good, I haven't gotten so much as a simple chain since he retired!). So if the income starts coming in, I have to be prepared to spend it quickly. . .