The Best Get Rich Scheme You’ll Read About All Day

Huffington Post-like tabloid headline alert. By “best” I mean “only”, by “get rich” I mean have a little more money leftover at the end of the month, and by “scheme” I mean partner with your neighbor-friends to buy in bulk.

The Byrnes family likes them some guacamole. Avocados are usually $1.50 at the local grocery store, but are sometimes on sale for 99 cents. At Costco, six are $4.99. I believe in slow-mo, one 83 cent avocado at a time, financial improvement.

The problem of course is eating them before they go bad. One Costco shopper offered this tip in an on-line forum, “My technique is to put the newly purchased bag in the fridge for a week, and then take out one avocado and put it on the counter and keep a close eye on it. As soon as it feels a bit soft I use it up and take out another avocado. I’m surprised at how well this works for me.”

Overtime, buying avocados and many other consumer goods in bulk can lead to serious savings, but if you’re one or two people, or even a smallish family, avoiding waste is always a challenge. Which makes me wonder, why don’t individuals, couples, and/or families form informal neighborhood-based cooperatives to buy things much more cheaply in bulk? For example, someone buys two gallons of milk, six avocados, and a case of beer at Costco and walks over to their neighbors and gives them one gallon of milk, three avocados, and twelve bottles of beer for a few dollars savings.

Not a life-changing transaction, but it illustrates the concept. The key of course, is scaling the bulk buying up, and thereby, extending the savings.

There are a few imminently surmountable reasons for why this networking isn’t more common. People may not have close friends near by. Or people may have nearby friends, but be hesitant to buck the deep-seated individualism that’s ingrained in American life. Can we come together on which beer? Or maybe people don’t feel it’s worth taking non-working time to coordinate group Costco runs. Or like a solo car commuter whose resistant to join a carpool, maybe people don’t want to give up the freedom to shop on their own schedules.

It’s ironic that people’s wages aren’t keeping up with inflation and we’re living in the midst of a social media revolution and we don’t partner up more often to buy in bulk. Maybe necessity is the mother of invention. Maybe as young, tech savvy people struggle to achieve economic independence, informal bulk-buying neighborhood cooperatives will naturally bubble up.

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Green goodness

Costco’s Math Smoke and Mirrors

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Time to come clean. I’m addicted to these.

It started innocently enough in Chengdu, China in 2003. Each week while grocery shopping I was intrigued with all the Chinese women who would gather around the giant pistachio bin and fill their plastic bags with the very best one or two hundred. After spectating for a few weeks, I joined in. This brought furtive glances and embarrassed smiles.

How was I supposed to know real men don’t pistachio shop? Upon returning Stateside (love using that term, makes me feel cosmopolitan), imagine my delight when I learned Costco had picked them out and packaged them for me.

I can be too frugal for my own good. Given that, it’s nice there are at least two products for which I’d spend almost anything—iPads and iPistachios.

This theory has been tested lately as Costco’s California pistachios have skyrocketed in price. $14.99 for 4lbs, who cares, toss em’ in. $15.99, $16.99, $19.99. Yikes, now they’re just taking advantage of a helpless addict. The price increases have probably had little to do with supply and demand. More likely, they’re a Schwarzenegger state budget screw up surtax.

When I glanced and grabbed last week, I did a double-take. What?! $14.99?! Sweet! The last time they were $14.99 the President had stolen the election. Then, a second later, “What the hell, that’s a 3 pounder!”

Here’s how I imagine it going down at Costco headquarters in Issaquah, WA. Executive Meeting. Agenda item: Pricing limits of California pistachios. A suit does a quick PowerPoint presentation showing a precipitous decline in sales of California pistachios at the $19.99 pricepoint. What to do? Discussion ensues. The consensus, instead of selling 4 pounds for $19.99, let’s sell 3 pounds for $14.99, and hope people don’t really notice the math smoke and mirrors. Brilliant. A collective sense of accomplishment descends and the meeting is adjourned.”

It might just work. No, it will work on whomever lacks numeracy. And on addicts like me.

Bonus picture. What a minimalist, who asked for nothing, received for Christmas.

Perfect Christmas

Name Your Price

I’m way too frugal for my own good, but there are a few products I’m willing to pay whatever the seller asks. Take Costco’s California Pistachios for instance. They continue to climb in price but I don’t care because I’m addicted. Just take my wallet and give me back whatever you think is fair. The second is the much rumored Apple Tablet. Hurry up and bring it to market Steve. Here’s my credit card, ring it up for whatever you think is fair.

From MacRumors.com

Foxconn to Manufacture Tablet for Q1 2010 Launch?

Wednesday October 07, 2009 09:18 AM EST
Written by Eric Slivka

Mac Rumors

DigiTimes reports that Foxconn Electronics has been named as Apple’s manufacturing partner for its much-anticipated tablet and that the device is expected to launch in the first quarter of 2010.The device is expected to hit the market in the first quarter of 2010, with initial shipments from Foxconn being in the 300,000-400,000 range, the sources said.

The device will have a 10.6-inch display, and the sources speculated that perhaps Foxconn could secure panels from its subsidiary Innolux Display.

While a number of rumors have previously pegged the display on Apple’s device in the 7-to-10 inch range, this report of a possibly slightly larger display than previously thought nearly matches recent claims of a 10.7″ screen. Speculation that Innolux may provide screens for the new device conflicts, however, with earlier reports that Wintek had already been tabbed as the display provider.

Finally, the report notes that the device will place an emphasis on e-Book functionality, echoing claims that Apple is aiming to redefine print media with the device. Apple’s extended-life battery technology such as that found in recent MacBook Pro revisions, Internet connectivity, and Apple’s typical attention to user interface detail are all expected to be featured in the new device.