RE: IBM overhauls iSeries for the long haul

So...they have a ton of money. Wonder if they have any fun? I'd rather
spend my money than give it to my son as an inheritance. He'll get the
insurance money, but I want to enjoy the fruits of my labor.

On Tue, 17 Aug 2004 09:48:30 -0700, "John Earl"
<john.earl@xxxxxxxxxxxxx> said:
> 
> > Yea, but do they spend less than they earn or earn more
> > than they spend???
> 
> Definitely the former.  Here is just one example - A couple with a net
> worth of just over $2M.  He's a welder, she is a school teacher.  In any
> given year they never made more than a combined $75K in salary.  They
> didn't inherit any money, and they didn't win the lotto.  They saved
> money every pay period and invested it boring low risk investments.  
> 
> Beyond that, you'll have to read the book for yourself.
> 
> 
> jte
> 
> P.S. And if you like that kind of stuff, then I can also recommend "The
> Richest Man in Babylon".
> 
> 
> 
> --
> John Earl | Chief Technology Officer
> The PowerTech Group
> 19426 68th Ave. S
> Seattle, WA 98032
> (253) 872-7788 ext. 302
> john.earl@xxxxxxxxxxxxx
> www.powertech.com 
>  
> 
>  
> This email message and any attachments are intended only for the use of
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> 
> > -----Original Message-----
> > From: midrange-l-bounces@xxxxxxxxxxxx [mailto:midrange-l-
> > bounces@xxxxxxxxxxxx] On Behalf Of
> > daparnin@xxxxxxxxxxxxxxxxxx
> > Sent: Tuesday, August 17, 2004 9:20 AM
> > To: midrange-l@xxxxxxxxxxxx
> > Subject: RE: IBM overhauls iSeries for the long haul
> > 
> > 
> > 
> > 
> > 
> > Personally, I'm working on my second million.  They say
> > that your first
> > million is always the hardest so I decided to start on the
> > second.  ;)
> > 
> > Dave Parnin
> > Nishikawa Standard Company
> > Topeka, IN  46571
> > daparnin@xxxxxxxxxxxxxxxxxx
> > 
> > 
> > 
> > 
> > 
> >                       John Earl
> >                       <john.earl@powertech        To:
> > Midrange Systems Technical Discussion
> >                       .com>
> > <midrange-l@xxxxxxxxxxxx>@SMTP@CTB
> >                       Sent by:                    cc:
> > (bcc: David A Parnin/Topeka/NISCO/SPCO)
> >                       midrange-l-bounces@m        Subject:
> > RE: IBM overhauls iSeries for the long haul
> >                       idrange.com
> > 
> > 
> >                       08/17/2004 11:17 AM
> >                       Please respond to
> >                       Midrange Systems
> >                       Technical Discussion
> >                       <midrange-l@midrange
> >                       .com>
> > 
> > 
> > 
> > 
> > 
> > Chuck -
> > 
> > The Millionaire next Door.  It's a worthwhile read - based
> > on the
> > authors research, they effectively bust the myths about
> > millionaires in
> > America.
> > 
> > What's the one thing all millionaires (definition: net
> > worth > $1M U.S.)
> > have in common?   They spend less money than they earn!
> > 
> > This is not rocket science.
> > 
> > jte
> > 
> > 
> > 
> > P.S. - And the number one vehicle owned by U.S.
> > millionaires?   Ford
> > F-150 - usually a couple of years old.
> > 
> > --
> > John Earl | Chief Technology Officer
> > The PowerTech Group
> > 19426 68th Ave. S
> > Seattle, WA 98032
> > (253) 872-7788 ext. 302
> > john.earl@xxxxxxxxxxxxx
> > www.powertech.com
> > 
> > 
> > 
> > This email message and any attachments are intended only
> > for the use of
> > the intended recipients and may contain information that
> > is privileged
> > and confidential. If you are not the intended recipient,
> > any
> > dissemination, distribution, or copying is strictly
> > prohibited. If you
> > received this email message in error, please immediately
> > notify the
> > sender by replying to this email message, or by telephone,
> > and delete
> > the message from your email system.
> > --
> > 
> > > -----Original Message-----
> > > From: midrange-l-bounces@xxxxxxxxxxxx [mailto:midrange-
> > l-
> > > bounces@xxxxxxxxxxxx] On Behalf Of Chuck Lewis
> > > Sent: Tuesday, August 17, 2004 7:45 AM
> > > To: 'Midrange Systems Technical Discussion'
> > > Subject: RE: IBM overhauls iSeries for the long haul
> > >
> > > Steve,
> > >
> > > That book sounds interesting (I just hit Amazon). I
> > > personally know 2
> > > (multi) millionaire's and they don't fit that car
> > > scenario. One, two years
> > > ago got rid of his 5 year old Porsche Turbo Carr era and
> > > got a brand new
> > > Lamborghini Diablo :-) The other leases BMW's and
> > Mercedes
> > > and also changes
> > > every couple of years. And then there is me, at the
> > moment
> > > I'm driving a
> > > 1987 Mazda 323 with 167,000 miles on it. Hmmm, better
> > > check my net worth
> > > <VBG>...
> > >
> > > Chuck
> > >
> > > Steve wrote:
> > >
> > > Rob-
> > > It's interesting that you make that point...
> > >
> > > Why?  Because M$ has introduced few features in any
> > > version
> > > of MS Word beyond version 1.0 that I find the occasion
> > to
> > > use,
> > > and I tire of ponying up $$$ every time they come out
> > with
> > > the "latest and greatest" version with all of the
> > > bloatware features
> > > that I know that I'll never use.
> > >
> > > And you know what?  I still miss WordPerfect 5.0 - The
> > > "reveal codes"
> > > feature was nice.  You could actually SEE the control
> > > codes for your
> > > document formatting, if you desired.
> > >
> > > I don't guess you have ever read "The Millionaire Next
> > > Door", have you?
> > >
> > > Did you know that the average millionaire drives a 10-
> > year
> > > old car?
> > > If he does, why would he expect his companies'
> > information
> > > systems,
> > > if based on iSeries - AS/400 to be gutted and replaced
> > > every 2-5 years
> > > just because IBM comes out with new hardware and
> > operating
> > > system
> > > upgrades that obsolete previously working software?
> > >
> > > Or worse yet, impose an "interactive tax" on these same
> > > companies
> > > just, IMO, to squeeze more money out of them or force
> > them
> > > to upgrade/
> > > rewrite their software using Java and Websphere?
> > >
> > > One reason -
> > > IBM is now a service-based company!  They derive a
> > > majority of their
> > > revenue from services, NOT hardware sales.
> > >
> > > In the past, IBM's philosophy was "we will preserve your
> > > investment
> > > in your software".  I heard this mantra over and over in
> > > the 80's and 90's,
> > > every time IBM came out with a new release or hardware
> > > upgrade.
> > >
> > > It should now be revised to say:
> > >  "We will protect your investment in your software as
> > long
> > > as you
> > > are willing to pay us big bucks to stay current with
> > your
> > > hardware/OS
> > > and pay us an interactive tax to keep your old green-
> > > screen
> > > applications working".
> > >
> > > Just thinking about us little guys,
> > >
> > > Steve Landess
> > > Austin, Texas
> > > (512) 423-0935
> > >
> > >
> > > --
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> > 
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