Hard Times? How ‘Bout A Little Perspective?

Posted @ 11:41 pm - Filed under BawldGuy Axiom, Communication, Economy, Market Correction

At a family dinner tonight we had three generations at the table. We were at one of our favorite places, and were enjoying several appetizers. Grandma came up in the conversation as we were talkin’ about the Great Depression. The usual stories were told, but then my daughter asked me to tell her favorite Grandma story.

Here’s some perspective against which you can evaluate our current economic challenges.

In the early parts of the last century, the 1920’s, though history books tell us everyone was in the high cotton, bad times had begun for many areas of the country. We usually hear about the Roaring 20’s with the wild parties, and regular folks makin’ it big time in the stock market.

Waltons

That’s true as far as it goes. Those in ‘fly over’ country were already gettin’ a preview of what was just around the corner. Grandma was the oldest of eight kids. Think it was like The Waltons? Think again. The story is short, and for Grandma ends up being about, of all things, shoes. But for me? It was always about perspective.

Great Grandpa told Grandma he’d seen a flyer in town saying some of the large farms in Nebraska were hiring for the corn harvest. They needed shuckers. They were to catch the next morning’s train headin’ towards Nebraska from Missouri. She was 14. Oh, did I mention it was a freight train?

They arrived safely in Nebraska, were hired, and spent a week or so shucking corn pretty much sun up to sun down. I asked her one time about the shucking. Turns out only a small portion of the harvest was shucked on the farms. Most was harvested, loaded, and shipped to wherever.

They splurged for seats on a passenger train for the ride home. Grandma said the money they earned got ‘em through the winter. Think about that. A man and his 14 year old daughter jump a freight train, spend a week or so workin’ on a farm in terrible conditions, with no indoor plumbing, in order to support a wife and their eight kids — in another state.

Grandma didn’t tell me that story ’till I was over 40. When I asked her why, she said it didn’t seem that big a deal. When I asked Mom why she never told me, she said Grandma had never told her. Geez.

Time out here.

Hoppin' Freight Train

Are you frickin’ kiddin’ me?! That’s how her generation rolled. Something needed doin’, it got done. It was hard? What’s yer point? There were 10 mouths to feed. There’re jobs just a freight train ride away. You go there, take the job, get the mouths fed.

Where do the shoes come in? They’re the only reason Grandma told us the story. She says that was the first year all the kids got new shoes the same year. I can still remember how her face lit up as she remembered all her brothers and sisters getting shoes at the local store — in one trip. She thought they were rich.

The lessons embedded in that story are layered throughout, yet her takeaway is how they all got shoes that year.

Perspective.

Now, imagine you or your daughter at 14 — hopping a freight train to travel to a different state, so you could run yourself down for a week or so in, uh, unpleasant conditions — shucking corn.

I’ve lost two properties in my life. Like most of you reading this, I’ve been through some punishing financial times in my life. I’ve never lived for a week in a leaky lean to with a dirt floor, happy to wake up to yet another 12-14 hours of incredibly low paid, unskilled labor — just so my family could make it through the winter, and I could afford to get all my kids shoes for once.

Perspective.

Wanna know where I get at least half of my ‘axioms’? Grandma. I’ll leave you with my favorite, as it’s always offered layers of wisdom in very few words.

BawldGuy Axiom: About the time the farmer got the old mare to work without eatin’, she died.

Call or email me, and together we’ll get some perspective on your retirement. There’s no time like the present to ensure keepin’ yourself in shoes won’t be a problem when yer done workin’. Have a good weekend. I’m gonna.

This entry was posted on Friday, August 15th, 2008 at 11:41 pm and is filed under BawldGuy Axiom, Communication, Economy, Market Correction. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

11 comments to “Hard Times? How ‘Bout A Little Perspective?”

» Some Heady Saturday Reading on Key Topics….. Redfish Emerging Markets.com: Helping Good Investors Make Better Decisions on August 16th, 2008 at 9:48 am said:

  • [...] Finally, the BawldGuy has some sagacious perspective advice for all.  [...]

Robert Cote on August 16th, 2008 at 1:34 pm said:

  • I was going to say how tough times are now but posting from an iPhone at a southern California ice skating rink in August kinda contradicts the whole idea.

BawldGuy on August 16th, 2008 at 1:40 pm said:

  • That comment makes my day. :)

Joshua on August 18th, 2008 at 9:12 am said:

  • I don’t watch the news anymore. All I hear is stocks are crashing, home prices are falling, gas prices are up, vacations are down, job losses are rising, the wars are getting hotter, add nausea. Blood, violence, and victim stories are the order of the day, they attract eyeballs, bring in the dollars.

    I’m sure most of you reading this have seen the show “To Catch A Predator” starring Chris Hansen. I doubt with absolute conviction that he does the show to make the world a better place. I think he’s doing it to win an award and gather more fame and fortune for himself.

    The side affect of his show does help but it’s his real motive that’s troubling.

    Anyway, I got off to a rant there. What I want to say is that I’m not seeing it. I don’t know anyone who can’t feed their baby easily, I don’t know anyone who’s walking to work now because they can’t afford gas, I don’t know anyone who’s lost their job.

    Its people like you both that even in a “down” market can make money. If the sky is falling then grab a cloud, wring out the moisture, and have yourself a drink. Besides, it’ll lighten the load and float back up.

    There’s an opportunity in everything. The only people depressed were the ones that didn’t have a Purposeful Plan, moved with the herd, and never heard of Sominex. I’ll let Jeff get into that one in more detail.

BawldGuy on August 18th, 2008 at 11:45 am said:

  • Josh — What’s amazed me, as I’ve had countless stories told me about the Depression, is the attitude of the story tellers.

    They are inevitably matter of fact. It’s almost like, “The lawn was a little to high, so I mowed it.” The day to day hardships they faced, lasting for years, will be an experience for which my generation will probably never be able to empathize.

    Then, after a decade of making do, they went to war, putting their lives on the line for our very freedom. Thousands of them paid that price.

    Their ‘Sominex’ account was their character, integrity, and courage. So much of what’s incorporated in my every day practice comes from the lessons learned from that generation. That’s why you read about Grandma and Grandpa on these pages so often.

    Our debt to the folks who emerged from the Great Depression can’t ever really be repaid. God bless all of them.

Joshua on August 18th, 2008 at 1:01 pm said:

  • Very nice with the ‘Sominex’ account part. Beautifully writen!

Marian Brown on August 20th, 2008 at 12:25 am said:

  • I’m greally glad that I exposed both my kids to their grandparents and that they learned to appreciate them. Once I heard grandma [my mom] ask him a question that he was heard pressed to give her an answe, but answer her he did. His comment: wht grandma wants, grandma gets and I always agree with her. She left us all with quite a heritage. He forgot to tell you about the 14 mules she used to drive at 14 when they where reaping wheat in Kansas. She always told us that story when we complained about any chore she gave us to do…like the old “I walked 5 miles in the snow to school” stories…Jeff’s mom

BawldGuy on August 20th, 2008 at 10:06 am said:

  • Hey Mom — I did forget that one. Dang it! It’s still hard for me to visualize a 14 year old girl behind 14 mules in the fields all day. Jumpin’ on a freight train to merely shuck corn must’ve seemed like a vacation after that. :)

SOB Business Cafe 08-22-08 - Liz Strauss at Successful Blog - Thinking, writing, business ideas . . . You’re only a stranger once. on August 22nd, 2008 at 6:23 am said:

  • [...] Hard Times? How ‘Bout A Little Perspective? [...]

Cath Lawson on August 22nd, 2008 at 2:00 pm said:

  • Hi Bawld Guy – I found you through Liz Strauss’s Successful Blog. I love this story. When we think we’re going through hard times, it makes us realise how well off we really are.

BawldGuy on August 25th, 2008 at 12:37 am said:

  • Cath — Sorry for the delay, as I was in Durango the last few days.

    I’m so happy you like the story. Hard times is a relative concept, isn’t it.

    Thanks for coming by, and don’t be a stranger.

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