MONEY: Insurance … the proper role

Wednesday, September 30, 2009

http://www.getrichslowly.org/blog/2009/09/23/renters-insurance-peace-of-mind-for-ten-bucks-a-month/

Renters Insurance: Peace of Mind for Ten Bucks a Month Print
Wednesday, 23rd September 2009 (by April) This article is about House and Home, InsuranceThis post is from GRS staff writer April Dykman.

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“We lost everything,” he says. Later they’d find out that it was arson. A former employee of the apartment complex stole rent checks and set the office on fire. Frank was moving into a new apartment in ten days, and the new complex agreed to let them move in early. “We moved in with a plastic bag of groceries, paid for with a $50 food voucher from the Red Cross,” he says. The other 70 displaced tenants stayed in Red Cross shelters.

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This story may be of interest to the “preparing community”.
(1) Notice the lack of a bug out bag in the apartment AS WELL AS the lack of a bug out bag in the car. To be TOTALLY wiped out by a fire? Unthinkable.
(2) Renter’s insurance, and most insurance is cheap. I’m always amazed at all the Wall Street folks who died in 9/11 that had ZERO life insurance. It tells me that people are not thinking rationally about their “risk profile”. Consumers buy “appliance insurance” on a sub 500$ thing; can people even spell “self insurance”.
(3) On the topic of insurance, politicians want to mandate insurance companies to cover “maintenance” items. Like the previous “appliance insurance” discussion, it’s stupid. Like insuring your car’s oil change. Say it’s 50$ twice a year. The insurance company has to administrate the claims and make a profit. 100$ of oil changes probably would cost a $1,000! Sheer stupidity. Insurance should be for catastrophic things.
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MONEY: Your Home Is Not An Investment

Wednesday, August 19, 2009

http://www.bargaineering.com/articles/your-home-is-not-an-investment.html

Your Home Is Not An Investment
from Bargaineering.com by Jim

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There are many benefits to owning a home and I’m a huge fan of it, but don’t justify buying a home by thinking its home is an investment. It’s not.

It is, however, a place to live, a place to make your own, and a place to make yours. It’s a place to put down roots, a place to raise a family, and a place to grow old in. It’s a place to call your own, it’s just not an investment. It’s a home.

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Had this discussion a few weeks ago with an OLDER friend and his family. Couldn’t seem to break thru that “rent” was not “lost”. Sigh.

It’s only an investment if you get rent for it.

Frau is enamored with HGTV and all the renovation, vacation, and first time. (I don’t understand how they can ignore labor cost in the renovations. I don’t understand buying an international vacation home for several 100K$; how many times can you go there? I don’t understand first time buyers who exceed their budget consistently.)

It’s only a legacy.

It’s not an ATM like how people were refinancing to get cash out.

Everything is great when the market is going up; down, not so good.

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INITIALISMS: W E A L T H

Friday, August 14, 2009

http://www.getrichslowly.org/blog/2009/08/12/4b-one-key-to-wealth/

How a Haircut Led to a Handy Acronym
Wednesday, 12th August 2009 (by J.D.)

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I came up with a set of questions that I felt would help me really think through purchases – beyond the want or need aspect.

{Extraneous Deleted}

… but finally I came up with an easy to remember acronym…WEALTH.

* Want or need?

* Ego?

* Add-ons?

* Lifestyle?

* Time?

* Happiness?

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Great contribution!

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INTERESTING: Naked girls plow

Sunday, August 2, 2009

http://www.reuters.com/article/oddlyEnoughNews/idUSTRE56M3G020090723

Naked girls plow fields for rain
Thu Jul 23, 2009 4:35pm EDT

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PATNA, India (Reuters) – Farmers in an eastern Indian state have asked their unmarried daughters to plow parched fields naked in a bid to embarrass the weather gods to bring some badly needed monsoon rain, officials said on Thursday.

Witnesses said the naked girls in Bihar state plowed the fields and chanted ancient hymns after sunset to invoke the gods. They said elderly village women helped the girls drag the plows.

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This struck me as “interesting” on several levels.

(And, no their are no NSFW pics. Like you need a news story to find those on the inet? Please, DMML!)

First, the simple child-like faith that “gods” can be “embarrassed”. If they weren’t embarrassed by our congress critters, then naked girls would be comic relief.

Second, what is there thinking in terms of cause and effect? I suspect some “dirty old man” came up with this idea. If I had the comic skills of Jay Leno, this would be funny.

Third, how about some education and science for these folks? Never mind some clean water and water storage projects. This is a gooferment failure. Guess the national and state governments like the current state of affairs.

Fourth, it’s really good for the USA that so many countries put their women in unproductive situations. It’s like going into a fight with half your brains tied in a sack.

Fifth, how do these women feel? Hard to imagine. Dumb? Like cattle? Unappreciated?

Now these folks should have the freedom to believe whatever they want. But I wonder how they got to this level of thinking.

Stupid, stupid, stupid. It’s our own thinking that kills and enslaves us.

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GOLDBUG: Myths, Misunderstandings, and Outright Lies

Tuesday, July 21, 2009

http://www.cmi-gold-silver.com/gold-confiscation-1933.html

Myths, Misunderstandings, and Outright Lies

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Well worth reading BEFORE buying or selling anything gold, silver, or other “valuable stuff”.

As a veteran “gold bug”, I knew this stuff, but it’s well written refresher.

It’s long, but let me summarize: If you see it on TV or hear it on radio, be afraid. Be very afraid!

If Wall Street is a casino, then a lot of the gold dealers are just fraudsters.

Fore warned is fore armed.

Now can I interest you in Nigerian Gold Shares?

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GOVEROTRAGEOUS: Brainwashing future voters

Monday, July 20, 2009

http://www.reason.com/blog/show/134551.html

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Public schools are filled with eager, fresh-faced youngsters, and prisons contain many rough-looking adults with uninviting personalities. But put aside that difference, writes Steve Chapman, and you find some important similarities between the two places—government-run facilities where individuals are held for a specific number of years without their consent, at the mercy of their custodians. So it was a mild surprise last week to learn from the Supreme Court there are some abridgments of freedom and invasions of privacy inflicted on children that the justices will not tolerate.

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And, why does a freedom loving America permit the gooferment to brainwash future voters?

Notice where Obama sends his children for their education.

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JOBSEARCH: Here’s good advice; has nothing to do with “coaching”

Saturday, July 11, 2009

http://hoopscoach.wordpress.com/2009/07/04/starting-line-in-coaching/

THE COACHING STARTING LINE
Posted on July 4, 2009 by hoopscoach
(Part 4 in a series on the coaching profession)

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For the past few days I have been blogging about the coaching profession. I have touched on a few different topics Improvement, Work Ethic and Why We Coach. Every experienced coach has their own personal story on how they entered the business. Most stories are very interesting. Next time you are talking with a peer, ask them how they got their start?

{Extraneous Deleted}

If you want to enter coaching at the collegiate level, you better try and get with someone who is good. You better be ready to start at the bottom and have a small pay check (if you’re lucky enough to get paid). Entering coaching, there is no surefire, direct way. Everyone has their own story (as mentioned before). You can start as a team manager and become a sponge. Learn everything you can about the business. Maybe you played for a guy in college who is a head coach and he hires you. Maybe you know someone who knows a head coach looking for someone. However you get in, it’s a growing process-don’t be in such a hurry to advance. There are no short-cuts.

Write letters to coaches, pick their brains. Ask to work their camp in the summer. Make calls, shoot off e-mails and introduce yourself. Let people know what your aspirations are. Attend clinics and try to speak with the coaches after it’s over. In the beginning of your journey, be prepared to work hard.

If you are lucky enough to get in, don’t be afraid to get down and dirty. You may have to wipe up sweat off the ground, hand water out to players and rebound for them late into the night. Look for things to do.

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Seems like that’s a success formula for anyone starting out in ANY line of work. IMHO!

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JOBSEARCH: A fellow blogger picks up my favorite story

Thursday, June 4, 2009

http://misspinkslip.wordpress.com/2009/06/04/lets-unleash-the-experts-pay-it-forward-with-your-job-search/  

Let’s Unleash the Experts: Pay It Forward With Your Job Search
June 4, 2009 · 1 Comment

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I’ve been trying to tell you how important it is to be “nice”. It works. I promise. Read the following story from a guy we’ll call “The Big Turkey”:

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Wonder who this “The Big Turkey” could be? ROFL.

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JOBSEARCH: Build An Alumni Network

Tuesday, May 19, 2009

http://www.goarticles.com/cgi-bin/showa.cgi?C=1609743

Build An Alumni Network by fjohn reinke

As an “old alumni”, I’ve learned the value of “networking”. College alumni have an easy natural way of building one. Unfortunately, few people realize the need for it.

Even fewer people can define what “networking” is, or the objectives of it. Everyone can tell you what the want out of it; instantly! Everyone wants to “network” when they are out of work. Everyone wants a new or better job from “networking”. Everyone wants. Nobody understands about “helping, before being helped”.

I personally believe that “networking” is NOT some open ended wishy washy ‘connect to everyone’ of Facebook or LinkedIn. Or even worse: Myspace or Plaxo. I’m an attendee at the “church” of networking is a “structured activity”. I particularly like Lucht’s definition of “networking” as a formal meeting. In counseling my “turkeys” (i.e., out of work executives), I structure it as: a five minute howdy, five minutes about listening to the target, five minutes for the “networker” to describe their search or need, ten minutes to listen to the target give their wisdom, and five minutes to extract two more names. Input one name; output two names. And, another “listen station” is enable to alert you to opportunities.

But how do you get to that point?

If the predecessor activity is “first help, then be helped”, how does one know who to help? You have to “seed the field”. There’s where Facebook, LinkedIn, MySpace, Plaxo, or anything else can be useful. It allows you to connect with people easily and casually. So the model is: “Seed the field”, “First help, then be helped”, and then “Use structured networking meetings to seek help”.

At no time in our lives are we able to “seed the field” than in our college days. Even after being out for a while, one can still recapture the “seeding”. I always thought “alumni” was a great way to setup a granfalloon — http://en.wikipedia.org/wiki/Granfalloon — strange idea. A very important concept in “job search”. You can use your “alumni” connection to create a granfalloon. That will allow you to know who needs help. Of course, know that you have to help. But that’s usually the easiest part. Then, after helping, you have a person ready to help you when you need it.

So, we have moved the problem back to “seed the field”. Does your school have a vibrant alumni society? Most schools have something. Unfortunately that “something” is organized around raising money for the school in the form of alumni donations. That doesn’t necessarily help the alumni. Services are all oriented to satisfy a different master. That’s really perfect for the person who wants to “seed the field”. A Yahoo or Google group, a free WordPress blog, or such can form the nucleus of an alumni news service. “Seeding this particular field” is a small effort in three areas: Identify the alumni in the news, collect alumni email addresses, and operate a small daily news cycle. Sounds like a lot of work, but it really isn’t today.

Google news has the ability to present links that satisfy the news requirement. Let say that an alumni of “Ye Olde University” want to “do” this. Dashing to the free, and unequaled wordpressdotcom site, this alum creates a blog called “TheGreatUnwashedAlumsOfYeOldeUniversity”. (Free!) Then, this alum goes to Google news and searches for “Ye Olde University”. This alum can then request email or an rss feed. Then, check the news about and for alumni. Copy news from the source to the blog and post. Zip over to Legacy, the obituary site, and do the same thing. You’re now a font of news and information for your fellow alums.

As time permits, you identify your fellow alumni. And, invite them to read your blog. Capture demographic info as you can in a spreadsheet or document. Name, Email, Class Year, DOB, Address, Phone, and other background data. Try to categorize their characteristics – doctor, lawyer, indian chief, teacher, finance, pharma, etc. etc. Geography. Organizations. Whatever you can. Finally be sure you ask them how you can help them? Setup a plan to “ping” them every so often, quarterly, but at least yearly. Use Facebook, LinkedIn, MySpace, Plaxo, Cardscan, or anything you can think of to find and connect. Each connect can be reported in your blog as an “update”. Note: Do NOT post email addresses, phone numbers, or street addresses in the blog. Spammers and scammers abound. Become the “Paul Revere” connector that Malcom Gadswell describes in his books. While there is a good reason not to post this information, it does allow you to be the “clearing house”. Just report that you heard from “Jones, Joe (Class of XYZ)” and some further information if you have it.

So, you now have a field being “seeded” for your future use.

Use this as input to “First help; then seek help”. Try to “help” everyone you can. Match needs with resources. Collect information about your fellow alums. It will snowball quickly. When time comes for you to ask for help, you’ll have a field of “plants” ready for harvest.

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MONEY: Watch an old quizz show

Sunday, May 3, 2009

Just for an “economics lesson”, watch an old “Let’s Make A Deal” on Game Show Network. Pick any episode. They’re all from the Sixities. Watch for the final prize giveaway. It’s usually a car. Guess the price?

A beautiful Buick LeSabre. Base price 3,000 dollars.

Different dollars!

It makes you laugh!

But, it should make us all cry.

Some store of value.

In 40 years, will people be looking back wistfully about what a dollar could buy!

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