<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Archive: July, 2013
 

Archive for July, 2013

Quote I Disagree With

July 21st, 2013 at 07:15 pm

You know the quotes that come up on top of the page on SA. Well, there is one that comes up periodically:

"Enjoy your job, make lots of money, work within the law. Choose any two."

I completely disagree! I have thoroughly enjoyed two of my last three jobs (spanning over 10 years) and made very good money. Of course, I don't violate any laws.

This quote is flawed on the surface. Dave Ramsey (sorry to bring up his name again, after the forum wars that I'm currently engaged in) doesn't seem to even be working. He's definitely enjoying his job, making a lot more than lots of money, and not violating the law.

There are many folks who do all three. What about you? Do you enjoy your job? Do you break the law? You may not be making "lots of money," but you're probably doing well enough and most likely making more than many of your peers.

Sorry to vent. It's just been bugging me, and I finally caught it when it came up in the banner.

Stewlash and E-Trade

July 20th, 2013 at 05:47 pm

I finally got around to transferring some funds from an E-Trade account set up by a previous employer. The money has been sitting dormant for about a year. I really should have done it sooner. I've lost out on about 20% gains by not doing so. Oh, well. It wasn't a whole lot of money, but it was still money lost through laziness.

On the Dubai homefront, I made stew yesterday. Then I added a lot of vegetables and a can of tomato sauce, so it is now a stew-goulash crossbreed, which I have coined as "stewlash." It was really good, but as always I used too much black pepper, so it has a bit of a bite.

I ate about a third of it, and put the other two thirds up in the freezer for lunches over the next month or so. I'll make chili sometime this week after I finish cleaning the crock pot. I always soak the ceramic liner for a day before I hand clean it, both of which precede me putting it into the dishwasher. I hate crusty remains from bad dishwashers, and there's no such thing as a good dishwasher in my experience.

DW is getting the house in order. Houston has been getting a lot of rain, so the lawn is coming in nicely where we had to mend the DD2's destructive "improvements." We have mushrooms now, which is not bad, but I asked DW to put down some Daconil (a fungicide) to help prevent future brown patch. I also told her I have Banner (another fungicide) in the shed, and for her to be ready to put it down in a couple of weeks if brown patch encroaches regardless of the Daconil treatment.

While I was doing the E-Trade move, I looked at my Vanguard holdings. They're up about 20% for the year. I know that will dip when QE stops, but it sure is nice to look at it now. I only wish I knew when the dip was coming. Yeah... I know: "Market timing." But you know the dip is coming, as it is unavoidable mathematically.

Porcine Lipstick and Reality

July 14th, 2013 at 12:17 pm

I just got off the phone with DW. She's met with our financial advisor, and of course sent me forms to sign and instructions to follow. She said it might rain today, so we'll save a few dollars on watering the new sod we put in.

DD2 and SIL2 have started the structural changes in their new house, and found that one of the walls she wants to pull down contains the risers for the plumbing upstairs. She's bummed, but they're going to do an archway with support beams (rather than just a stand-alone column to conceal the plumbing) instead of only the breakfast bar with no verticals. I'm sure it will look fine.

The Bank of Mom and Pop has extended the credit line to DD2 and SIL2 to accommodate a new fence. SIL2 had great plans to put in a new fence by himself, but I'm not surprised he's not doing this one. I've done fences before, and even using a two-man auger, postholes are a pain in the butt to put in. He's not all that mechanically inclined, so they got a bid for others to do the fence. The old one is already torn down and the new one should be going in as I type.

DW asked why parts of our house are cold and other parts are not-so-cold. I told her it's because it is an old house, and DD2 doesn't run the ceiling fans, closes all the doors, and blocks all the air flow from the registers back to the inlets. I told her to just leave the doors open and all the ceiling fans running and that things would moderate. DD2 cannot be told anything that doesn't agree with her preconceived notions. She thinks that air conditioning should work according to her desires and not according to physics. I can't wait until she starts seeing the results of her ideas in her new place. Remember that I've done thousands of dollars in energy updates in my 1950's bungalow. She refused to do the updates in her 1970's Brady Bunch place.

The puppies are loving the yard, still. I, on the other hand, mopped the floors this evening. I miss the vacuum cleaner aspect of those two.

Credit Score update

July 13th, 2013 at 01:50 pm

I was going to go to bed, but I checked my credit score on Credit Karma just now. In my April 20th post about credit scores, I said that DW had a credit score approaching "deity," while mine was close to 100 points lower than hers. Her score was so high, I'd think that folks would PAY her to borrow from them.

When we went to the US, we got a new car for her. This put two new inquiries onto my account; that should've been just one, but I'm not worried about the inquiries. Inquiries are "negative" in effect on credit ratings. We also borrowed a healthy amount, increasing our debt-to-income ratio, which is another "negative."

So, what was the result of adding two negatives to my credit record? The score went up to nearly DW's level after nearly six months of just sitting where it had been.

As I said in the comments to the April post: I just don't understand credit scores or how they work.

Back in Dubai

July 13th, 2013 at 09:56 am

Well, the hectic trip was "hecticker" than I imagined it would be. We made it to DS's wedding and met his bride's family. They seem to be really nice folks. Almost all of the older men at the wedding were US military veterans, from both sides of the family.

My parents were not able to make it to the wedding. I was warned that my mother has symptoms of dementia, but when we flew to VA to see them, I found out the brutal truth of the situation. My mom remembered me, but she kept asking my wife who she is. It is really quite sad, but my father is coping with it well. Luckily, they are well-set financially for their retirement, so his only worries are taking care of my mom.

DD2 and her hubby (SIL2) have closed on their house. They haven't moved in yet as they are having a lot of work done before they move in. They are replacing all of the floors and painting. I suggested they replace the windows and put in more attic insulation, but instead they are doing the cosmetic changes.

I helped SIL2 put in some purlins in the attic (like there would be purlins anywhere else). I left my nailer and compressor at his place and showed him how to determine if a wall is load-bearing. I also showed him how to brace back to a load-bearing wall for the additional purlins he's going to have to put in. DW is working with DD2 this weekend to help her paint the inside.

Their contractor has finally given them prices for some of the interior changes. His prices are in line with the amount of work to be done. In addition to our house-warming gift of $2K, we're making them a substantial "Bank of mom and pop" loan as well. We're making them sign some papers, but that's more so that everyone knows the terms than for any legal purpose. I seriously doubt that we'll do any legal action if they don't pay us back. Of course, I'm sure they will pay us back, else I wouldn't have approved of the loan.

I spent the remainder of my time doing repairs on the house DW will be staying in. She insisted on a new Tahoe, and I made her get the LTZ model. If you're going to have a new car, you might as well get a good one. We financed it with our CU, who offered 1.49%, but after negotiating the deal, the dealership asked what our interest rate was. He said he could beat it, and therefore our rate is actually at 1.19% through Capital One. That's not a bad rate, in my book. DW should have it paid off in about 1.5 years by the amortization schedule we worked out.

Homes in my neighborhood have fully rebounded from the "soft" hit they took during the downturn. Empty lots are going for exorbitant levels. The house beside ours is listed for $1250 per month as a lease, and it is significantly smaller and less well-kept than ours. Rental estimates for our place are about $2K. I have considered selling it, but every time I look at its value, it has gone up yet again. Right now, it has increased by over $60K in less than a year. Although those are unrealized gains, there's no way I'm going to sell until that pace of increase abates.

So, now we have a car payment again. I can't say I'm happy about that, but at least DW has a safe car to drive in. This trip also put our house payoff schedule back a few months. It looks like we won't have it fully paid off until the first quarter of 2014 now. Oh, well, the best laid schemes of mice and men oft go awry, as the Burns poem states.

I'll be back at work in the morning, and have already received about 10 phone calls about minor issues that needed my input. I guess I'll need to get back into office-work mode this evening. I won't be taking any more time off for at least 6 months.

Ramadan started this month. "Ramdan Kareem!" to those of you who follow the tenets of Islam.