Friday, April 13, 2012

ROL: It's Just Stuff.

ROL (Return on Life) is derived from the metric ROI (Return on Investment). Just as changes (hopefully small) to investment increase profitability (hopefully disproportionately larger than the increase in investment), small incremental changes in behavior can greatly increase QOL (Quality of Life). This week's ROI is about stuff.

Monday was a day of contract work. Monday was also part of the seemingly endless spring break for my kids. Work is about 70 miles away. I take the kids to Grandma and Grandpa, about halfway to work. On the way home from the Grands, we saw black smoke in the sky. I thought one of the local farms was doing a seasonal burn, but the winds seemed way too high and gusty for a land burn. As we approached our subdivision, it was obvious the smoke wasn't from a land burn. Luckily for my family, all the activity was two blocks away.
April, 10, 2012
The fire chief estimated the damage to the house at over $150,000 including the loss of personal property. My wife and I think the fire chief is at least $100,000 short. The siding on both neighboring houses also buckled and will need to be replaced.

When the fire started, the owner of the house and her two dogs were on the back deck. There were no injuries to the owner, her dogs, the neighbors or the fire fighters. Once the fire started, no injuries to anyone is the only outcome required.

When a family heirloom, a car or even a small kitchen utensil is broken, it can be very frustrating. Sometimes, the loss of property can go beyond frustrating and be a monumental pain in the neck. But in the end, it's just stuff.

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