PMT Forum
How do you want to make money today?

On Investing in the Right Things

ikaela · 5 · 1507

ikaela

  • Forum Tambay 100
  • ***
    • Posts: 130
    • Likes Received: +0/-0
on: Jan 10, 2014, 11:34 PM
Food for thought about growing human capital and investing in the right things. This is an old blog post on WaiterRant.net I read a long time ago; a new thread here on PMT reminded me of it. Not only is it still relevant now, but there is still a lesson or two to be picked up from it. Hope you like it.

A bit of background on the Waiter Rant blog: it's the thoughts, rants, and insights of a man working as a waiter at an expensive restaurant. See dining customers, the food/kitchen, and the restaurant industry from the waiter's point of view.

********************************************************************************************************


Investments

Posted on December 4, 2007 by Waiter

“And last but not least,” I say, wrapping up my recitation of the specials to the party on Table 34, “We have a seafood paella with lobster, shrimp, chorizo sausage, scallops, artichokes, bacon and saffron Arborio rice.”

“How do you remember all those specials?” a female customer asks me.

“Practice,” I reply. “Years of practice.”

“You make it look easy.”

“Thank you Madam.”

“Waiter!” the cranky looking old man sitting next to her calls out. “How much is the Osso Buco special?”

“Thirty four dollars, sir,” I reply.

“Thirty four dollars!” the old man yelps. “That’s too expensive!”

“It’s okay Dad,” the well dressed man hosting the party says reassuringly. “Dinner’s on me tonight. Get what you want.”

“I don’t want you spending that kind of money!” the old man says, panic invading his voice. “Let’s go somewhere else. I don’t want to eat here! I want…..”

“Dad!” the son says, “We’re here to celebrate your birthday. Besides, I’m not going into the poorhouse anytime soon.”

“But….”

“Relax Dad.”

The old man shakes his head angrily. “No, it’s too much.”

I perform a quick visual credit check on the son. The tailoring of his suit and the expensive watch on his wrist tells me he can afford Café Machiavelli’s high prices. The old man on the other hand, looks like he’s in the grip of some kind of dementia. While he’s clean and neat, there are several nicks on his face where he cut himself shaving. I wonder if he needed help getting dressed.

“My Dad’s going to have the Osso Buco,” the son tells me.

“Yes sir.”

“I don’t want it!” the old man protests. “I’ll have pasta.”

“It’s your favorite Dad,” the son says firmly, “And that’s what you’re going to have.”

The old man glares at his son but says nothing. I feel bad for both of these guys. It’s tough when parents and children reverse roles. When I worked in geriatric psych I saw it all the time. Old age, with its frailties and vulnerabilities, makes many elderly people fearful and nervous. One of the most common manifestations of this anxiety is worrying about money. Sure, people on fixed incomes need to be careful, but I’m talking about unnecessary worry. I once knew an old man who lived in a dilapidated old house, never turned on the heat, and, despite being sick, avoided going to the doctor because he was afraid of the bills. After his bloated corpse was found two weeks post mortem, detectives discovered he had close to a million dollars in his savings account.

Everyday I see television advertisements from financial firms pitching “wealth management” to aging Boomers worried about retirement. Maybe they should talk about growing human capital as well. Having a robust financial plan isn’t going to mean sh*t if no one’s around to love you. That was the tragedy of the old hermit. His million dollars might have well been Monopoly money.

I take the rest of the table’s order. The kitchen cooks the food and the runner brings it out. The old man relaxes, enjoys his Osso Buco, and even smiles when I bring out a candle topped tiramisu and sing “Happy Birthday.” He gets a bunch of presents and kisses from his grandchildren. The man’s son pays the check and leaves me a very nice tip. As the grandfather and his family leave I stand by the front door to wish them a nice evening and thank them again.

“Thank you sir,” I say to the son. “Please come again soon.”

“Great job waiter,” the son says. “Thanks.”

“My pleasure sir.”

The old man shuffles up to me. “This place is too expensive!’ he barks. Whatever was bothering him has returned.

“I know,” I reply, smiling. “I can’t even eat here.”

“C’mon Dad,” the son calls out, “Time to go home.”

The old man snorts disgustedly and walks off. The son’s wife looks at me and winks.

“Thanks again,” she whispers, patting me on the arm.

“Good night Madam.” I reply,

I watch the old man shuffle into the night air. One of his grandchildren, a teenage boy, gently takes him by the arm and starts guiding him down the street. I smile to myself. That old man might be a cranky old codger – but somewhere along the way he invested the right things.
« Last Edit: Jan 17, 2014, 01:01 AM by ikaela »


bauer

  • VIP 4500
  • *****
    • Posts: 4,857
    • Likes Received: +12/-0
Reply #1 on: Jan 16, 2014, 01:42 PM
^ Nice story.


ferrariEverest

  • VIP 5500
  • *****
    • Posts: 5,593
    • Likes Received: +4/-0
Reply #2 on: Jan 16, 2014, 10:24 PM
Kakaibang story. Nakapagbasa ako nung isang araw, mejo nag-iba na sila, waiterrant.net na hindi na .com. Yan rin siguro yun.


ikaela

  • Forum Tambay 100
  • ***
    • Posts: 130
    • Likes Received: +0/-0
Reply #3 on: Jan 17, 2014, 01:00 AM
^So it is, .net and not .com. Thanks for catching that, will update my post to the correct URL.


jmces

  • PMT Idol 1000
  • ****
    • Posts: 1,109
    • Likes Received: +2/-0
Reply #4 on: Jan 17, 2014, 09:09 AM
 :applause:


 


PMT Shoutbox

Refresh History
  • Post only questions or comments here. Advertisements NOT ALLOWED.
  • oragon: :applause:
    May 20, 2019, 03:53 PM
  • FutureGizmo: Thank you for reporting those spam posts, oragon! Spam posts now deleted.
    May 20, 2019, 01:59 PM
  • oragon: Admin kindly monitor some peps! posting and sharing inappropriate nude photos and website links
    May 20, 2019, 01:52 PM
  • @culinary10: Hello I am new here! Regarding sa bdo life insurance for 8 years, pwede pa kaya ma refund yung binayad ko na 50k last year? Gusto ko sana icancel kasi lack of financial na, last may 15 2018 po un nag start ako ng life insurance, pinili ko annually kaso etong may 15 2019 wala nako ma ipay so gusto ko sana icash out, may alam ba kayo kung pano marerefund?
    May 17, 2019, 07:56 PM
  • FutureGizmo: Hi Sonny, the posting issue is now resolved. Thanks for informing us! We're currently testing a new, mobile-ready theme so let us us know kung may problema pa sa Forum. :)
    Apr 04, 2019, 10:40 AM
  • sonny.wapak: Nakaka receive din ba kayo nito pag gawa ng new post? "Please try again. If you come back to this error screen, report the error to an administrator."
    Apr 03, 2019, 10:56 PM
  • leonine_zafiro: what product nun?
    Apr 01, 2019, 10:25 PM
  • dhondiex27: hi
    Mar 30, 2019, 10:55 PM
  • lusart: jayrob i agree 200%. hulog ng langit organico. legit na legit
    Mar 29, 2019, 09:08 AM
  • palemelch: Hi
    Mar 28, 2019, 04:08 PM
  • O.C.W._AK: Magandang Araw sa Lahat! Blessings! (",)
    Mar 28, 2019, 08:42 AM
  • thor15: hello everyone, newbie here
    Mar 25, 2019, 01:47 AM
  • captjaylo: present newbie here
    Mar 22, 2019, 10:06 AM
  • balboagilbert26: hello Guys .. Newbie here
    Mar 21, 2019, 10:55 PM
  • businesswoman2019: @jefsanity nag inquire na po ako pero di sila nagdidisclose. Yung branch po kasi na target ko, currently building pa.
    Mar 21, 2019, 04:27 PM
  • jefsanity: @businesswoman2019, much better inquire ka na lang sa admin nila.
    Mar 21, 2019, 01:51 PM
  • businesswoman2019: Hello! Any idea how much ang stall sa waltermart. 2m x 2m
    Mar 21, 2019, 08:28 AM
  • John Neil: Looking for an accredited iron foundry
    Mar 17, 2019, 03:19 PM
  • jayrob: Mark_Lee ung organico legit po yan..  Member din AQ..
    Mar 17, 2019, 12:57 AM
  • perlymelad: Hello po! Need advice, why my new MLM leaders failing?
    Mar 14, 2019, 08:51 PM
  • perlymelad: Present
    Mar 12, 2019, 07:53 PM
  • kennethmauricio: Hi saan po dito pwede mag post ng for sale properties?
    Mar 11, 2019, 07:58 PM
  • jefsanity: @mark_lee isipin mo anu passion mo at skills mo...
    Mar 11, 2019, 06:52 PM
  • sniperaj09: BAGO LANG
    Mar 10, 2019, 11:16 AM
  • mark_Lee: magandang investnent ngayon sa 30k suggest naman keo mga boss
    Mar 10, 2019, 03:07 AM
  • perlymelad: E-BOOK PO SIR @JEFSANITY
    Mar 09, 2019, 05:40 PM
  • perlymelad: @jefsanity Good Morning Po
    Mar 09, 2019, 05:39 PM
  • perlymelad: Good Day everyone
    Mar 04, 2019, 06:24 PM
  • jefsanity: anu ang small business na yan?
    Feb 28, 2019, 07:40 PM
  • perlymelad: Good Day Everyone
    Feb 28, 2019, 03:31 PM
  • perlymelad: Hello everyone, CAN ANYONE HELP ME SUGGEST ANY SIDE TOPIC  / PROBLEM OF  STARTING SMALL BUSINESS?
    Feb 28, 2019, 06:58 AM
  • perlymelad: Present, 1st time po
    Feb 25, 2019, 06:17 PM
  • jd2281: newbie po
    Feb 25, 2019, 12:26 PM
  • ejllantino: present... 1st time
    Feb 24, 2019, 07:14 PM
  • rheiel: present. first time
    Feb 24, 2019, 11:04 AM
  • MELVIE: thanks po
    Feb 24, 2019, 12:50 AM
  • steph123: hello po, ask lang po, ilang months po ba ang hihintayin after mo ma process ang mga documents para maitama ang mali sa NSO?
    Feb 11, 2019, 03:13 PM
  • Deborah: newbie here.thanks
    Feb 08, 2019, 02:17 PM
  • marj0503: hello im newbie here
    Jan 31, 2019, 10:53 AM
  • yan24: any one here planning to start a tesda skill training center
    Jan 26, 2019, 12:07 PM
  • manzjon: Forex trading forum
    Jan 25, 2019, 02:16 PM
  • Lizette Ramos: Pwede po bang patulong... Maganda po ba ang gasul retailing business?
    Jan 24, 2019, 09:14 PM
  • Imnobody: Hi sino naghahanap ng casino financer dito?
    Jan 16, 2019, 09:59 PM
  • Odlanyer22: Good day!
    Jan 16, 2019, 09:55 PM
  • maryen: at kung sakaling may somobra sa food na nailuto.. dapat po bang bayaran ng client un .. or ipapa take mo na sakanila?...
    Jan 16, 2019, 03:52 PM
  • maryen: HI! GOOD DAY! newbiz lang po... question lang po regarding sa catering.. if may 50pax po ako dapat lang po ba na sakto ang serving ng food?
    Jan 16, 2019, 03:50 PM
  • mark_Lee: cno na nag organico dito scam po ba yun or legit
    Jan 09, 2019, 03:04 AM
  • kuray08: Have a Prosperous New Year to all..
    Jan 06, 2019, 09:27 PM
  • ethan: Sino po may auto supply business dito? How profitable po ba ito in terms of monthly income? Lalo na kung meron na one or two na competition.
    Jan 04, 2019, 11:34 AM
  • Niel Jhacoubs: HAPPY NEW YEAR!
    Jan 02, 2019, 04:37 PM