Who Should Certify Competence?


“When I go looking for someone to run some aspect of one of my businesses, I never ask him about his academic attainments. I want to know his performance on the job.”

Except in environments run by dillusional beuracracy out of touch with reality, results are the prime proof of competence. I was never formally educated to run real estate and hotels (ie. College degree). It has not stopped me from destroying my competition and running an efficient operation.

I shake my head inside when I meet students studying to receive a degree in Hospitality Management. They’re better off saving their money and working in the industry gaining real world experience with a driving ambition toward management. No smart business person would give a management position to a fresh graduate without any real world experience. How brainwashed have students become to believe their college degree somehow guarantees them a job?

Yet in the military world, a fresh officer out of the Academy, “pulling rank” as a fresh “butter bar” has more lehal authority than a seasoned 20 year veteran. Ignorant 21 year olds somehow out rank 80% of the veterans in the force and have the legal authority to condemn the lives of their subordinates in their inexperience simply because of a “commission.”

This, along with numerous other nonsensical “traditions,” permeate our armed forces and government beuracracies. Due to State monopolies, these archaic and inefficient practices remain in existence with no real pressure for change. If there was real competition, these government functions would be forced to discard wasteful practices or become extinct. In the mean time, mediocrity reigns supreme in the world of government beuracracy and individuals that are the “best and brightest” get frustrated and stifled out of government work into the private sector where efficiency is valued.

15.3% Combined Employer / Employee Payroll Taxes


As an employer, I just finished processing my quarterly payroll taxes, reminding me that the government confiscates 15.3% (combined Employer and Employee expropriations) for Social Security and Medicare alone. This doesn’t include Federal Income, State Income, Sales, & Property taxes.

Imagine the good you and entrepreneurs could do with 15.3% more money to spend & save.

15.3% more is equivalent to one more job for every 6.5 employed individuals.

The best way to create more jobs is to stop punishing the job creators (AKA Small Business Owners), siphoning their profits for wasteful government programs, and allowing them to reinvest their savings into creating more jobs.

QuickBooks Pro 2013 OLSU-1022 Error Message Solution


I did a fresh install of QuickBooks Pro 2013 on a new machine and noticed I was getting an error message when I was trying to “Set Up Online Services”.

An Error occurred while updating the branding files!

Please restart the Online Banking Setup Wizard to initiate the update process again.

Then I’ll hit the “OK” button only to proceed to this error message:

An unexpected error occured. A critical file that contains the financial institution data is not in the correct format or missing.

Error message number: [OLSU-1022]

Press OK to have QuickBooks download this file for you. After the download, restart the Online Banking Setup Wizard.


The QuickBooks given solution didn’t work for me. Then I remembered I had perfectly working files on other computers, so I just copied the files from the working computers to mine.

Download the four files I’ve shared here:

  • FIBlueprint.xml
  • PopularFIs.ini
  • index.ini
  • fidir.txt

Go to the following folder on your computer and move your downloaded files to that directory:

C:\ProgramData\Intuit\QuickBooks 2013\Components\OLB\branding\filist

Right click the four selected files in the designated folder in STEP 2 and select “Properties”. Then make sure the “Read-Only” option is checked, and you should be good to go!

Many of my banking institutions don’t have QuickBooks files (.QBO) to use Quick Connect with and only offer the Quicken files (.QFX). I’ll cover how to convert QFX files to QBO files in a different post.