Archive for February, 2008

Trogdor: The Burninator

February 24th, 2008

If you have not see the Strongbad “Trogdor” video, here it is.  I know its weird, but since Homestar Runner and Strongbad tend to be internet icons, I’ll let you decide if the internet is weird before the video, or after the video.  You see: my wife’s relative had her house burn down on Monday last week.  Burninated.  Most everything is gone or destroyed.  It is pretty tough since that sort of event is so life altering.  She’s still waiting on more information about insurance and hasn’t begun (to my knowledge) the process of discovering the costs of rebuilding.

As you can imagine, this post is a reminder to back up documents off-site, or to keep them in a safe-deposit box at a bank/secure location.  I need to do this, too.  Some of the documents that she had are gone forever, some can be had for a fee (reproduction and shipping and handling costs), and some are going to be sorely missed.  Things like children’s first moments, photos, some computer data, and of course various valuables that are destroyed when flames hit them.

Consider her fire as a great lesson for us to learn from.  Consider her blessing in not being home for the fire (and therefore unscathed).  Make sure you have life-important things like wills covered in duplicate.  Make sure you have considered a location to store offsite data (external hard drives or sites that offer low-cost data hosting for such cases are a good idea).  Make sure that you tell your loved ones they’re loved – you never know what might strike, but you do know it won’t be Trogdor.

Note: This post is a tiny bit light hearted because the relative is actually doing pretty well emotionally.  I’m actually feeling kind of sick, but such is life.  Gotta travel tomorrow, so we’ll see how that goes. 

Personal Finance Through the Bible: Genesis 2

February 24th, 2008

Adam & Eve - creative commons http://flickr.com/photos/ko_an/168235820/sizes/s/Genesis Chapter 2 talks about God’s order.  God’s system is in place and there is very little left to Adam other maintaining the garden (Gen. 2:15) and than naming the animals (Gen. 2:19).  God knows that no suitable helper is available for Adam in the animals, but shows Adam this through the animal naming process.  Adam can identify the male and female of the various animals, but there is a distinct hole where his helper is lacking.  Genesis 2 ends with the fulfillment of that need as well as a look into man’s need for a completing partner (some of the best material I’ve heard on the subject can be listened to in MP3 format here check out lessons 6, 7, and 8).I’ve written before and even had guest posts about the relationship of a man and wife and how that impacts personal finance (see: 10 Ways to Use Personal Finance to Strengthen A MarriageA Deeper Look At Marriage and Finance Issues: UnityA Deeper Look At Marriage and Finance Issues: Priorities, and Ten Tips To Prepare for Getting Married).  God had set Adam in charge of cultivating, or growing, the things in the garden.  Adam’s dominion was the garden, his job (for lack of a better word) was working for God and his goal was cultivation.  There were no weeds and the vegetation was fruitful.  Adam did not value the things of the garden in chapter three, but we’re not there yet, so we’ll save that for next week.What we do see in Adam’s tasks in chapter two are clearly some details of valuation: God gives Adam the task of naming the animals and evaluating them.  Adam orders the animals with God’s help.  Vocabulary is created on the fly, the animals are given order.  Imagine, if you will, that when Eve is created she’s a blank slate (though it is clear she has intellect) , and she gets introduced to Adam and she learns Adam has named all of the animals.  That would be quite a thing to explain and go over!  Adam’s job as a gardener is given some time to be interrupted and he is a namer of beasts.  To take dominion over something, you have to have names, you have to have valuations of things.Consider your own life: you have names for places, names for things, names for certain jobs, names for actions.  Your world comes with a sense of order, and yet as humans we desire to be creative and create new things to name to show our dominion over them.  We really do wish to be like Adam.  Our finances are really a valuable lesson in learning about dominion because with our finances we can bring things into our household, we can send things away from our household, and we can gain wealth and increase the potential of our dominion by virtue of buying more property, more stuff, or newer things to replace the things we have that are of better quality.God sets up order in the universe, puts Adam in charge of the Earth, and then Adam gets to participate in further defining a small part of that order.  What a dramatic role that was!  As you contemplate your ordering of things, consider your finances, consider your possessions, and consider how you can respect God’s ordering of things as you go about your life.  It is pretty cool stuff to be given the privilege of ordering things – don’t take it for granted.

The Swamp Thing

February 23rd, 2008

I have been buried in work this last week. I have hardly had time to sleep, let alone blog. I did manage to write up a guest post at GenXFinance before fully submerging in the code that is for a presentation next week at a client’s conference in Texas.  I’m not dead, I’ve got some ideas for the next video in the podcast series, and I’ve just got to wrestle some time free from the swamped time monster and then I’ll get them wrapped up.  In fact I might just shoot some video in Texas.

The good thing is that I’m working, the bad thing is that my time is limited.  I hope to be back in the swing of things in the upcoming week while in Texas.

Playing House: Everyone at the Card Company is Lying

February 15th, 2008

If you’ve seen the television show ‘House’ then you’ve probably heard the lines about everyone lying.  In each episode something goes wrong with some patient and they have to find out what is causing the ailment.  Often the problem has to be ‘dug’ into and they have to find out who is lying about information so that they can get to the truth of the problem.  They don’t take ‘no’ from anyone.

If you have tried to get a lower interest rate from a credit card company and they’ve said no to lowering your rate and you’re paying anything like 18%: they’re lying.  Don’t take no for an answer.  Dig deeper.  Go up the chain of command until you’re speaking to Warren Buffet’s cousin.  Get to the person who can and will say yes.  Don’t put it off, don’t delay, call now.  Get a lower rate and save yourself some big cash!

Excuses that drones at the card companies will use include:

  • Your rate is the best we can do – that is not possible
  • Your account has been locked for rate reductions because of late payments – this is a totally bogus issue that is policy.  Policy that can be over-ridden by a higher up manager
  • Your card offers you rewards, those rewards are funded by your interest rate – bull pucky.  Those rewards are paid for by any number of things – but the interest rate doesn’t fix things.  If you have to switch card companies now may be the time to do it

Kick the credit card interest rates in the butt.  We got our interest rates dropped twice and each time they dropped the rate we saved $50.o0 in interest per month!  Of course we’ve got enough debt that we’re paying a lot anyway.  However, getting the lower rate will help us pay it off faster.

Monetize

February 15th, 2008

I’ve added ads into my RSS feed – if this bugs any of my readers (with any of the readers that readers read with) let me know and I’ll pull it out.  There are a few places that rip feeds from my site and are publishing them externally and I thought I might as well try to get a pence from them here and there.  Again, if you find that you’re getting bugged by the ads, send a message to randy@watchmymoneymaker.com and I’ll pull them – I’d rather have readers than money :)

Five Ways To Tell Your Valentine You Love Them for Free

February 13th, 2008

We don’t celebrate Valentines day at our house.  We celebrate February 16th because it is the day that I asked my wife out when we were in high school.  Its kinda goofy but on February 14th I told her I liked her, but I didn’t have the guts to ask her to be my girlfriend.  Without this escape you’ve probably still got to tell your special someone they’re special, and here’s a quick list of things you can do that says, “You’re special.”  Without shelling out $100.00 or more in love stuff.

  1.  Write a letter experessing your feelings.  Don’t get a card from the store, but write a hand written letter.  If your  hand writing is as poor as mine, this means a lot of time spent doing it carefully, time means something in many cases – especially if your loved one knows you are normally hard to read.  Take time to think through it and consider writing multiple drafts if you have time.
  2. Plan a time to massage feet, hands, head, face or some part of their body that is not intended as a lead in to other things.  Just help your sweeheart to relax.  Make sure that they know you love them with a great time of relaxing and you giving of yourself.
  3. Use a dry erase marker on the mirror to write a love note.  I haven’t done this in some time, but it works great because the marker will wipe off of the mirror (check in a hidden part of the glass just to make sure).  That way when they look in the mirror they’ll be surprised by the great reminder of your love.
  4. Make a mix tape, iMix or special track listing on an MP3 player or home made CD.  This sure is fun and if its with music you have already, it says you took time, but it doesn’t have to cost you more than the price of electricity or the CD.  Dance with your Valentine to the music.
  5. Run a hot bath with candles around the room and read poems or the love letter you wrote to your Valentine.  If you’ve not got a great bath to do this in, consider at least setting up a space in your home where you can set the mood for romance.  Read the letter because it will mean even more then.  I recommend practicing just a little bit so that you don’t start crying (I do, but I’m a sap) and so you can add the right inflection and look up at the right times to make sincere eye contact.

These are just a few ways you can spend almost zero dollars and have a million dollar Valentines day.

Go Read This: Stop Stimulating Me

February 13th, 2008

My buddy, friend and pal, Trint, has written up a great post about the Economic Stimulation Checks.  In short he’s indicated that the stimulation is a problem.  Of course the few comments I’ve had on my own post have definitely indicated that the masses aren’t stimulated.

Go Read This: An Info-Graphic is Worth $1,000.00 Words

February 13th, 2008

I found this fantastic info-graphic at the New York Times.  Definitely check it out.

Clicky-Clicky.

Those who get paid well in this chart seem to also save well.  Imagine that.

Pantry Survivor: Introduction And Two Days

February 12th, 2008

Organized PantryMy wife and sister came up with the idea of the Pantry Survivor competition wherein they would attempt to go to the store once in an entire week (at the beginning of the ‘stunt’) and then combine that with whatever was already stashed in the pantry to create meals for the family for as long as possible.  The super-challenge in all of this is that it is four adults and two children (plus one on the way – no, not us, my sister).  As previously stated somewhere my sister and her husband are staying with us until they can move into a new condo they’re buying.  So the food needs to feed the whole family and last as long as possible until they just have to go to the store.  The competition stands to see what they can create, what they can make stretch, and what they can concoct out of substitutes as needed.

The first step was to organize the pantry and make sure that there was an inventory.  My sister handled this, which was good because we had a pretty crazy pantry.  I unfortunately only have pictures of the post-organizing results.  My sister, whom I will refer to as ‘Preggers’, had a pad of paper and listed item-by-item what was in the pantry and fridge so that when she and my wife went to the store they could only buy what was needed for some basic meal preparation.  Preggers is actually a great cook, as is my wife, so this isn’t a huge challenge because they have a lot of ideas between the two of them.  The challenge is that they had to have enough of a plan to have bought enough food at the store to complement what we already had to make up enough meals to last a targeted ten days with one meal having company of another family of three.

PorkDay One:  Smoked Pork ‘Que
Alton Brown of the food network enticed me to put together my own frugal smoker last year and so we smoke meat every couple months.  This last week we smoked some Pork Butt and it has been a cheap way to add protein to salads, sandwiches, and in this case, a barbecue pork sandwich.  I have directions and recipes for those who are interested – just shoot me an email to randy@watchmymoneymaker.com.

Chicken Pot Pie FillingDay Two: Chicken Pot Pie a la ‘Preggers’
My sister made a tasty variation on chicken pot pie, but instead of making an actual pie, she made a chicken soup type dish and some tasty, tasty crust rounds with a cookie cutter. You placed the soup in the bowl and garnished them with the crust ‘cookies’ (not sweet, but oh, so tasty. Have you noticed I think they’re tasty?).  Preggers did a great job with this dish, but since she made it up I have no recipe.  It did contain white pearl onions which are one of my favorite soup ingredients.

By the time anyone reads this we’ll be on day three with a week left to go.  I don’t know what we’ll run out of, but I’ll post the results as we go through the experience.  I challenge you to try the same and see if you can clear out any old ‘stuff’ that you have in your pantry to keep your budget frugal, and your frugal budget interesting in the kitchen.

Propaganda: Going Up $385.00 a Year For 20 Years

February 11th, 2008

The home owners association in my neighborhood is trying to improve the appearance of the neighborhood I live in by getting taxes levied so that the city can build a nice brick fence around the neighborhood and make it look much, much nicer.  I’m actually all for it.  It’ll cost $385.00 more a year in taxes, but that’s a mostly good thing.  You see my neighborhood is older, its almost forty years old and it needs some gentrification pretty badly.  There’s very little about its older state that would draw people in other than low cost housing.  That is, in fact, what drew us into the neighborhood.  The Denver metroplex is very expensive and I haven’t got the money to live in the high-priced parts of Denver proper.  This house works just fine for me and my family.

The community is pretty split on this fence issue because the rise in taxes means some older folks on fixed incomes would suddenly find their homes going up in value (potentially) and their taxes going up.  The folks who want their properties to go up or maintain value want the fence, and those who want to keep their taxes low just want to leave things ‘as is’. One problem is that there has been a propaganda war going on and I got a flier this last weekend stating that “Property taxes will go up an average of $385 per year for 20 years.”  This is blatantly false.  The accurate statement would be that your property taxes will go up by $385.00 until the fence is paid off in 20 years.

Propaganda is nasty, its is like marketing from the devil :)   If you find yourself with an issue that impacts your finances and involves a community like this make sure that you fairly represent the scenario, it will be good for you, it will be good for the community, and it will allow you to be honest no matter which side you’re on.