Well, I finally did it. I pulled up my skirt a little and bought a second place. We’ve been wanting a summer home of our own at the lake that our family has a cabin near. We bought a place from a friend of ours that isn’t finished. Basically, another friend of ours is going to help us build the place and we’ll just keep
Making Financial Decisions to End or Extend Your Life
Here’s an interesting article on the costs of keeping someone alive, and when it might not be worth it. My personal opinion on this is that I would not sacrifice the rest of my family’s life and money to try to stay alive a little longer. http://www.cnn.com/2006/HEALTH/08/15 What would you do if the doctor said, “You’ve got 3 months to live. We might be able
Door to Door Meat Sales
Some things seem like good ideas and some just don’t. This falls under the “don’t” category. I’ve told my wife, “If I ever buy meat from a door to door salesman, please just shoot me on the spot”. TACOMA – You might buy candy or cookies from someone selling door-to-door, but would you buy meat? Is it safe? And what are you really getting? Door-to-door
Doomsday Ahead for Many With Adjustable Rate Mortgages?
I keep reading about all the people that are one step from doomsday. Most of these people are dealing with adjustable rate mortgage increases. Why did they get an adjustable rate mortgage in the last couple years? From a purely financial perspective, it seemed like a riskier approach because interest rates were some of the lowest in 40 years. I can appreciate that the low
Can A Country Boy Survive?
Awhile back I watched a series called “Country Boys” on PBS. The series was about two young men who were dealing with life in Kentucky. One guy, “Chris” lived in what I would call utter poverty. His family lived in a single wide mobile. His dad was a lifelong alcoholic that ultimately died of liver disease. His mother was an uneducated woman who drifted from
I Need to Stop Subscribing to Magazines
I don’t know why I do it to myself. I think I’m subscribing to the wrong magazines. I was so excited to get 4 years of Road and Track for something like $12 on Ebay. Four years!! That was a bargain, or at least it seemed so at the time. You see, I’ve always loved cars. The only problem is now I see every car
Adjustable Rate Mortgages
I keep reading articles about ARM’s. Man. As interest rates climb, I can’t help but think that many, many people are going to find themselves in trouble. Even if they aren’t in trouble, they will most likely be seeing more and more of their income go towards mortgage interest. With inflationary fears floating around, it isn’t hard to imagine rates going even higher. I’m eating
All Time Favorite Debt Article
This is an article that I read a couple years ago. What’s interesting is that the numbers they point out are actually worse now. I noticed that they had the savings rate at about 2% in 2004. Now it’s a negative number. I believe that people’s debt load might have increased too. Anyway, check out the article. It’s great!! http://www.csmonitor.com/2004/0816/p14s01-wmgn.html Here’s a paragraph from the
Emigrant Direct Not Doing So Hot
I left a comment over at Jonathon’s MyMoneyBlog and decided it was really worthy of a post on my blog. Since I work in IT, I’m pretty familiar with server loads and things of that nature. Most IT architectures I’ve seen, usually count on a percentage of Users accessing the server at any one time. In the case of web servers, that means you expect
Seeing a Trend in Housing Prices
It wasn’t long ago that I was sitting in amazement at the price of housing in my neighborhood and I’ll admit I was a bit giddy. Sure, I knew the party could end and kind of expected it would due to interest rates rising and other economic factors. Well, the party appears to be over. For the last couple years, I’ve had some saved housing