Thursday, May 31, 2018

Molten rock is hot ........amazing.............

The Big Island under siege

Clear and Cut.......... Liberalism, truly a mental disorder...........

Roseanne Barr - Diagnosed With Personality Disorder - On Ambien - Haphazard Dumb Tweets Without Supervision - Fired Immediately Samantha Bee - No Known Diagnosis - No Known Drug Use - Comments Approved By Show Employees and Staff - Still Employed

Tuesday, May 29, 2018

On getting rich in New York

When I worked in New York in 1982 I thought owning a NYC taxi medallion was the way to riches.  A seat on the NYSE was sheer wealth and outside of being a partner at Goldman Sachs or a salesman for Michael Milken it was clear sailing.

Eventually all boats get beat up in a storm.   This looks to be the storm of all storm for NYC taxi drivers.

  https://www.zerohedge.com/news/2018-05-29/5-nyc-taxi-suicides-5-months

New York City in 1982

Question for FED watchers........

Has any Central Banker, anywhere on the planet, chosen a path to provide for fiscal responsibility?

The best way for any American to understand the role of our Federal Reserve Bank is to read "FED UP", a book written by Danielle DiMartino Booth from Dallas, Texas.

I wonder how many employees of the Federal Reserve Bank have bought the book and read it cover-to-cover behind closed doors?   

Monday, May 28, 2018

2018

It was the fall of 2011.  He was the kid with long blonde hair who came home one weekend and called a family meeting.   His girlfriend at the time was upstairs in his room.  Pam and I weren't certain what was about to come down but we sat at the kitchen table and he told us.

He was going to join the United States Air Force.

On the surface we were happy.  We knew he doesn't do things on the spur-of-the-moment and had thought this through.  He was going to attempt to do a 4 year ROTC program in 3 years and graduate on time with a mechanical engineering degree.

It wasn't long and Pam and I had one of the greatest experiences of life in pinning Officer bars on his shoulders at the commissioning ceremony after graduation from Georgia Tech.

A couple days later found us on the road to Vandenburg AFB in Lompoc, CA for his ICBM training.  It was the longest trip of my life.  All those miles of thinking where the years went, all of the mistakes I made and wishing that parenthood had do-overs.  As he slept I kept the truck and trailer on the road with misty eyes.

There were tears saying goodbye that sunny, cloudless California morning in Lompoc.  Tears from both of us and nary a word was spoken.  A new chapter was about to begin.

Months later I was in Lompoc for graduation.   As is typical, he never told us he was graduating from Tech with highest honors or that he was graduating #1 in his training class at Vandenburg!   It was a special time and I could feel my own Dad's presence with us.

Now at 26 years of age he has had a great start to his military career.  His security clearance is top-secret; his awards as winner of the 2015 and 2017 Global Strike Command Challenge competitions have opened up some interesting opportunities.  Today his role is instructing young officers in preparation for launching nuclear warheads capable of delivering ICBM missiles anywhere on earth in 30 minutes.

As one of very few Air Force Officers who have qualified as Expert Marksman on the firing range I like to think I had a small part in his career! 

Pam and I are proud to announce that Hunter is now a CAPTAIN in the United States Air Force.

Congratulations Hunter!

     

     

Sunday, May 27, 2018

Examine your fiscal life!

1 – The fiscally-fit crowd considers “paying yourself first” sacrosanct.
They passionately believe that saving is equally as important as paying fixed expenses like rents or mortgages. This rule has been a part of their lives early on. Back to their youth. They never compromise this habit.
The “pay yourself” mindset is the foundation to their overall financial success. Whether a specific dollar amount or a percentage of income is directed monthly into savings or investments, the action is as important as the money itself. It represents a display of control which in turn enhances confidence.
2 – Thinking in monthly payments is detrimental to long-term financial health.
The fiscally-fit are not compelled to take on recurring obligations because they can afford the payments. The long-term financial impact of the liability is a deciding factor. For example, a $30,000 auto loan at 3% interest for 3 years results in a monthly outlay of $872.44. A 5 year loan calculates to $539.06. Many consumers gravitate towards lower payments. This crowd is motivated to pay less in total interest charges. With a saving of $937 over the life of the loan, the 3-year obligation is favored.
3 – Money is a consistent and healthy “worry.”
Like a low hum in the background of their lives, worry is a factor that resonates throughout the minds of the fiscally fit. A dose of worry is perceived as healthy since it fosters discipline, encourages patience and prevents this group from becoming complacent when it comes to monitoring financial progress. Professionals who preach a “don’t sweat it I’ll make the investment decisions,” mantra and come across as overconfident are dismissed. Financial advisors especially are sought as partners and sounding boards. Decisions are not made in haste.
4 – Unforeseen risk is right around the corner.
These individuals anxiously plan for risks that can hurt their financial standing no matter how remote the possibilities. They perceive disabilities, accidents or deaths as foreseeable threats. They prepare through formal insurance planning, usually in partnership with an objective financial professional. Insurance benefits available at work are maximized first. From there, additional coverage is purchased to cover spouses and fill in gaps that employer benefits do not. Term and permanent life insurance options are popular.
5 – Credit card debt is anathema.
Credit cards are popular to gain rewards and perks. Although having access to credit is important, debt is paid in full monthly to avoid usurious interest rate charges. Travel benefits are especially attractive. NerdWallet has identified the best travel cards. At the end of the year, credit card statements which consolidate expenditures and organize them by categories are utilized as a self-check on spending patterns and areas of overspending are target for correction.
6 – Planning especially for retirement, strengthens financial success.
Formal planning validates good habits, uncovers weaknesses and outlines actionable steps to meet goals. There’s no fear or denial when it comes to facing money truths that emerge when a written plan is developed. A clear plan should prioritize financial life goals that motivate the fiscally fit to achieve results based on personalized return benchmarks and not some comparison to an arbitrary stock index.
There’s little discouragement when monetary changes occur as a good plan allows flexibility for various outcomes. Occasionally, expectations need to be tempered as progress doesn’t meet expectations. I’ve known members of this set who have taken radical steps to secure a strong financial future including massive shifts in spending and impressive downsizing in lifestyles.
7 – Paying retail is not an option.  
They’re not cheap, just savvy shoppers. There’s no such thing as immediate gratification when it comes to purchasing goods and services like autos, appliances and furniture. Even organizing vacations is an assignment in frugality. This group does their homework and are endless seekers of deals. They favor used and are known to scoop up floor models. Even “lightly damaged” items are not out of the question. Blemishes are usually cosmetic in nature and prices too attractive to pass up on washers, dryers, refrigerators and other durables. They do not fall for long-term “no-interest” offers unless the debt can be paid off before interest charges are applied.
8 – Money mistakes are forever lessons.
Financial mishaps are never forgotten. The fiscally-fit do not languish in the past. They take responsibility for mistakes and never repeat them. Whether it’s an investment “too good to be true” that busted or lending money to friends or family that was never paid back, they are not afraid to say no, mark financial boundaries and move on without guilt.
9 – Emergency reserves are a priority.
There’s a passion, a slight paranoiato preserve capital for emergency spending. Anywhere from three to six months of fixed living expenses is optimum. If reserves fall, resources are re-directed even if it means postponing retirement funding until replenished. Online banks are increasingly popular compared to brick-and-mortar options due to higher yields, no monthly fees and surprisingly easy access to funds when needed. Want to run with this elite financial pack? Examine NerdWallet’s list of top high yield online savings accounts.
10 – A 401(k) isn’t all that.
The fiscally fit use several investment vehicles that complement tax-deferred accounts like 401(k) plans. This provides flexibility when distributions are required at retirement. Having various buckets that allow retirees to blend tax free, capital gain and ordinary income results in greater tax control and can make a difference to how much Social Security is taxed.
Financial success comes down to good habits.
These habits are common sense forged to simple actions applied long term.
However, simple is never as easy as it sounds, is it?
Don’t fret.
Small improvements lead to big results over time.

Wednesday, May 23, 2018

The NFL takes a knee!

It's just been fantastic theater and yet another win for the Don.
Spoiled millionaire players arguing with billionaire owners over what rights they have when under an employment contract with the owners while outraging paying customers! 

Thursday, May 17, 2018

Liberal methodology to lose elections....................

Create false investigation into Russian collusion in Trump campaign Promise a porn star was paid by campaign funds Swear Hamas attacks on Israelis were peaceful protests Declare MS13 aren't animals despite brutal carnage Promise to raise taxes

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