Another TBB post featuring the most eclectic links around the web such as the new tax deductions, AI bubble, the 10 most haunting hikes, Amex empire of plastic, US wealth by generation, the value of advice, the murder guide book, the scale of life website, the human stain remover dude, the 50 best restaurants, the geeky world of plane spotting, the best photography links and of course always all of the most important developments in the crazy world of frequent flyer miles and points at the lower half of the post. Enjoy the weekend and stay cool.
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BLOG HOUSEKEEPING
This is truly a one man labor of love operation, enjoy it while it lasts.
“Every day you live, you make a difference. You matter. You’re here for a reason. Find the reason. And do your bit. Then, we can save the world.” – Jane Goodall, RIP
PERSONAL FINANCE
Brace for all the New 2025 Tax Deductions. I can see many law-abiding challenged employers trying to get around the new regulations of what constitutes overtime. And tips income #goingtobewildoutthere.
I am adding this link because I am biased, full disclosure. The Emotional and Time Value of Advice. I think having a good financial advisor is well worth it. And I quote:
Using a survey of 12,443 investors (including 7,746 advised clients), we found that:
- Advised clients are less financially stressed than self-directed investors. Advised investors are roughly half as likely (14%) as self-directed ones (27%) to experience high levels of financial stress.
- Advice delivers emotional value to clients through more peace of mind. 86% of advised clients report having greater peace of mind when thinking about their finances, compared with managing them on their own. Advice improves investors’ positive emotions and seems particularly effective at lessening negative emotions regarding personal finances, such as feeling overwhelmed and worried.
- Advice saves clients time. 76% of advised clients say advice saves them time — namely, a median of two hours per week (or over 100 hours per year) — from thinking about and dealing with their finances.
- Advice saves employers time through employees’ reduced financial stress. Workers in employer plans report spending an average of 3.8 hours per week distracted at work by financial stress, leading to a yearly productivity loss for employers of $5,950 to $6,775 per employee. Half of the advised clients in employer plans say advice reduces financial stress at work. Overall, advice saves clients almost two hours per week at work (over 100 hours per year), improving worker productivity by $2,200 to $5,850 per year.
Okay, I swear, this is the last link about Jonathan Clements. I think. Anyway, the best was left for his friend (and successor columnist at the Wall Street Journal) Jazon Zweig to write about Jonathan In Memoriam. And it is a wonderful tribute indeed:
His pen was sharp as a needle, but he wielded it with humor, grace and a confessional, personal touch. Readers felt they knew him—because they did. More than any commentator before or since, Jonathan made personal finance personal.
He knew, from painstaking reporting and exhaustive research, that the claims that were central to the financial industry in the 1990s and 2000s were not only bogus but bad for investors. [Count me in as one of those whose investment philosophy was highly influenced/changed by Johathan. And it is so absurdly weird how all those heretical beliefs back then are now treated as gospel, amazing.]
In Jason’s article, he includes Jonathan’s first ever “Getting Going” column from way back in 1994, it is an absolute gem.
Ok, one more, I can’t help it. Here is a collection of the Best of Jonathan’s HumbleDollar Posts.
Saw this somewhere online (Bloomberg article I think) that blew my mind:
There are 19,000 private equity funds in the US. There are 14,000 McDonald’s in the US.
Visualizing America’s Wealth by Generation
SCAMS/CRYPTO/AI/TECH
Crime pays. As in getting locked up for years. The final chapter of obnoxious Charlie Javice who managed to trick Chase Bank to buy her flawed startup through brazen fraud: Charlie Javice Sentenced to 85 Months in Prison for Fraud. When Chase Bank sued her, she chose to hire expensive lawyers to counter sue and go on the offensive showing absolutely no signs of remorse. She changed her tune at sentencing with:
“I accept the jury’s verdict and take full responsibility for my actions,”…“I have remorse deeper than I knew possible,” Ms. Javice said during the hearing on Monday. She tearfully apologized to JPMorgan shareholders, its in-house team, her parents, her boyfriend and Frank’s employees who she said were “in some way stained by their proximity to me.”
But don’t cry for her yet. She will appeal and did manage to lower the sentence from the 144 months prosecutors had requested. And I think she stays free until the appeal.
Excellent podcast about what we are all pondering these days: This Is How the AI Bubble Could Burst.
This graph in this article shows where we are these days…








Good you are getting used to watching marathons and not breaking something!
Last week I gave the class an AI assignment. Ask AI a question to which we have a photo of the answer. I did not say which AI program. About half the answers were wrong. Moral? Diversify!
Maybe we need index funds approach to AI
Thanks for the links!
Hey Buzz-
Fridays are the highlight of my week as you bring the madness back in focus.
I saw a concert years ago with Nine Inch Nails opening for David Bowie. Intermissions are for sissys-about 75 minutes into NIN’s set, they played a long song, smoke pouring on the stage and the roadies switched the instruments from NIN’s to Bowie’d. He then walked out from the smoke and sang the last verse of the same song as NIN members walked off. Tough to describe but way cool to watch.
I need to read that AI article as I need to see how AI is viewed as risky (other than being overvalued).
I read that FM article on Amex and thought ‘right on’. Now that Chase has tossed me in the trash, I think Amex is a better source of transferable points anyway.
Leff wrote this week, seeming to agree with Southwest changes. The logic is that the old SW had run the course on free bags, open seating and credits that don’t expire. He didn’t explain why I’d ever want to fly them again.
Good afternoon Buzz,
Thanks for another great post. Looking forward to the reading this weekend especially the links for Mr Clements.
Charlie, what an utter waste of talent, and the grifter will probably only do a year or two I imagine. 144 months is too short, just sayin.
Sorry that you will only be a spectator, but a brisk walk goes a long way to your health all around Buzz.
Have a great weekend!
Woot! Lots of great stuff again! Many thanks. Catching up from having company. Love to see people but god does it throw a wrench into a regular schedule. Phew! Thanks so much and good luck on scheduling all the trips for family.
On the topic of wild real-life stories made into movies: there’s a movie opening next week called “Roofman” based on something that happened here in Charlotte, and it was filmed here as well. This dude named Jeffrey Manchester did a whole bunch of robberies, though apparently was generally a polite robber. He was eventually caught and sentenced to 45 years in jail. He escaped and secretly lived in a Toys R Us before moving into an empty Circuit City next door. He started planning a big robbery while also becoming a member of a local church and dating someone there, telling her he had a secret government job. Wild stuff, here’s the Wiki entry:
https://en.wikipedia.org/wiki/Jeffrey_Manchester
The movie’s getting decent reviews so I’m hoping to see it in the theater.
Way too much going on so I will get back to the comments…soon.
Quick question:
Should I book a UA award to get me back to the US from KUL on….Ethiopian Airlines business class, KUL-ADD-IAD both on the Dreamliner? 3 hours stop in ADD.
Apparently Ethiopian makes a1/5 stops in both SIN and LFW in first two flights!
Maybe I should make it a place holder, thoughts?
Update on applying for the 125k Amex Schwab Platinum:
After applying in 3 different browsers/methods and getting the dreaded popup…today I applied via Chrome incognito and got “your application is pending further reviews”!!! So, do I call recon now or wait it out? I would wait it out with Chase, not sure with Amex, been away from this camp for a while 🙂
Never give up!
Following! Curious the outcome on this one!
I assume those ‘pending review’ messages mean the algorithms didn’t knock me out. I usually wait since I can call after a rejection to offer ‘additional information’.
Follow up on my Amex Schwab Platinum application:
Received an email with link to check my status after “the decision”.
I was expecting an outright denial.
Instead, at first, I had visions of hope seeing “provide requested information”. But after clicking on that I got to the actual decision letter:
————————————————————–
Dear __,
Thank you for applying for Platinum Card® from American Express Exclusively for Charles Schwab.
We value your Membership and appreciate your interest in another American Express® Card.
We regret we are unable to approve your application.
The reason for our decision is we have received multiple applications from you recently and you have reached the maximum number of applications we will accept.
blah blah blah
———————————–
There is a phone number that I will call tomorrow Monday but don’t expect much.
So, moral of the story. Once you apply and get the dreaded popup, go back and lay it off while you increase some spend on Amex branded cards. And try again the next month. And so forth….unless you find that elusive link with no lifetime language and maybe that works, going incognito most likely.
Let me know if you have any thoughts.
Will respond to comments later today.
Sorry never got to the comments over the weekend. After watching my AEL FC soccer team suffer one of its worst home losses ever on Saturday I just did not feel like posting here. Anyway, team is in crisis, this young coach we had proved to be way in over his head and he was fired along with his staff…
So, here we go:
@ DML: Yeah, we’ll see where this AI stuff goes. Still feels so weird me being the observer of marathons and not being in them.
@ Sam: That sounds like a cool concert indeed. I am calling Amex today to recon my Schwab Platinum card, maybe I can talk my way through them and get it along with the 125k points. Went from the popups to “you applied for this card too many times”. These banks are not that easy to figure out lately…And with Chase going that once in a lifetime rule has me…looking at paid Business Class tickets and not flinching at the prices I am seeing…Not that I am pulling the trigger yet but this is progress 🙂
@ David: Thanks again for the 5 coffees. Just read an article about the even more high powered attorney she hired for her appeal. I won’t be shocked if she does not spend a single day in prison 🙁
@ Carl: The only time we clean the house is when we invite others…it appears lol.
@ Nick: I will look out for the Roofman movie, sounds very interesting. And I do remember that dude living in a Circuit City store, I think I blogged about it here, certainly BC (Before Covid).
You all have a great week. Material for next Friday post is adding up…
Amex phone followup about my Schwab Platinum application:
What a waste of my time. I poured on my charm and rep would not budge other than “you can reapply after 7 days”. Told her “Look, I was not approved because of the…we have received multiple applications from you recently…blah blah so not sure reapplying is not going to force the same decision automatically again”. She says I can reapply in 30 days again then LOL.
Anyway, I could not get my app in front of two eyes to take a look at it. All computer algorithm based now I guess.
Moral of the story, do not apply every day! Minimum once a week. Preferable every after 30 days.
I even asked to give up the 125k SUB and she gave me the whole spiel again like outlined above. I may apply next week one more time, will stick with Google incognito. If not, in early November (but cutting in too close to my Thailand departure date which I wanted to avoid).
Keeping the crappy Amex Business Platinum for now I guess…
Sorry to hear it turned out like this – that sucks. Good thing is that the Schwab card runs these high bonuses every so often, so maybe best to just wait for that next go around. I have the Platinum card currently, so will wait to cancel that as I’m sure they won’t approve me for the Schwab one while holding that. Sucks they added the lifetime language to that card.
PointsYeah found a Business class ticket you guys…just one woohoo.
Sadly, it is all on Ethiopian Airlines with, please sit down:
KUL-SIN-ADD-LFW-IAD-DTW
On 787-8 Dreamliners…
My initial gut feeling is to avoid…any thoughts?
Rakuten to Bilt:
Blogger who got bought by Bilt marketing team —-> Game changing [LOL]
Me—–>Who cares!
BREAKING NEWS: NEW video finally uploaded in the TBB YouTube channel, please Like and Subscribe 🙂
https://youtu.be/qJhJk_QRPrk
My latest upgrade in the Thessaloniki Hyatt Regency.
Every blogger is out with the “news” of the 100k Citi Strata Elite card offer right now. Yes you guessed it, all this means there is an affiliate offer for it. So, let me know if you need a link so I can close the loss year to date in this blog business of mine, thanks.
Samui is fantastic! I just booked BKK-CNX on Bangkok Airways using 6000 qatar points + 120B so be sure so use that to get down there as Samui is a private airport with only BKK Airways serving, as you probably know. And always pricey!
Apparently you can get creative with JAL as well (Cap1->JAL promo), but JAL’s website is awful. Was really easy to book with Qatar.
As for Samjui: Lamai is the chill spot. Chaweng the party spot, way too busy. Expats live up north in Bophut, but I hate the big busy road there. I got stuck in Lamai for 5 months during COVID and had a $250/mo villa, ahh the good old covid days.
In Lamai: Tropical Toe Knees has some great ribs and brit food, just what your wife wants to eat I’m sure. Crystal Beach is also really great there. Hungry Wolf in Chaweng has an amazing burger. Secret Garden up in Bophut has great ocean beach views and a wonderful breakfast.
Samui is really wonderful but there’s not really much that stands out. Typical Thai same-same. I think the Taxi Mafia is still strong there so I’m not sure if Grab or Bolt are working yet, which makes it hard to get around. The drive around the island would be a fun day-trip either rent a car or hire a driver. Or maybe you’d just run 🙂
If ya head over to the mainland, there’s lots of interesting things. In January I did this totally fun and quite local trip on a floating bamboo raft with Thai Moogatai (hotpot) over near Khao Sok national park. Khao Sok is insanely beautiful, as is the whole area around Krabi. https://www.youtube.com/shorts/5zFsP-oFz2c
I’ll be up north riding my motorcycle end of October till Thanksgiving so if you make it up that way let me know!
I did not know about Qatar points on Bangkok Airways, thanks. And hell no I am not playing with the JAL website ever again, I am still traumatized by it lol.
Thanks a lot for all the Samui tips, took notes!
Just booked a rental car from Sixt for the duration in Samui.
Chiang Mai and Krabi are on the list but likely next year. I haven’t even been to Pattaya yet. Then again, maybe that is a good thing lol.
Will be in Bangkok for a while and Samui around Thanksgiving.
And wear your helmet 🙂