Beyond frustrated!!

Published / by SC

For the second time in a row, my husband’s work has messed up on his paycheck. This time they shorted him two hours. They act like messing up paychecks is not a big deal. Really?! I bet if it was their check they’d be worked their butts off to solve this problem.

My plan was to start funding out new Roth IRA with this paycheck, but that can’t happen now. Couldn’t have come at a worse time.

Hey all

Published / by SC

We’ve been doing Financial Peace Jr with our son, and we decided to budget for and purchase the kit for it. My niece is visiting for the week, so I made a horrible photocopy of my son’s chore chart, and we did chores through the week, and today we went to the dollar store. She loved it!
Her family is pretty horrible with money, and she fights doing chores. I’ve tried to get my brother to do FPU or even read the book, but while he’s vaguely interested, his wife is not. I’ve tried to find any way to get the stuff into their house.
So now my niece is excited to do chores, and has asked to have all the exact same stuff my son does so they can match! (She’s five. It’s SO COOL to match.) My brother heard about it and asked me straight out if she could get some of the stuff to bring home.
So I went out to get her one. NO ONE has it. And apparently they re-did the whole thing and nothing looks like the set my son has. They’ve even gone so far as to remove listings of the old version from half.com and ebay and amazon used so I can’t find it online.
SO, here’s my question: Do any of you know where I can get a copy of the box set of FP Jr. in the previous (2003?) version? Anyone know anyone who tried it and doesn’t want it? (And please don’t encourage me to make my own; the point here is that matching my son’s set is a motivator.)

It’s both the strength and the weakness of Salivan’s approach

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By keeping his program very simple and very very strict, he is able to provide a lot of moral support to folks who have trouble sticking to a plan. But at the same time this rigidity gives him very limited ability to fine-tune the plan for specific circumstances (although occasionally on the show he bends a wee bit) and he seems to be unable to ever admit that he’s wrong, at least not in the last two decades. And I agree that sometimes he is harsh with callers, to the point that I sometimes think he’s missed the point of the caller’s question.

The Motley Fool folks are completely right that planning for 12% growth is unrealistic. Warren Buffet puts the figure closer to 7%, and the closer you are to retirement the less likely you are to see double-digit growth. And of course there’s an element of luck – in hindsight it’s easy to pick the highest-growth mutual funds but looking forward, all you can do is pick funds with a good track record. I would definitely not stop saving as soon as a 12% growth rate would cover my retirement! (not that I’m getting even there, yet)

On the plus side, *nobody* says to *stop* saving for retirement, so that’s where all the plans come together.

I should clarify that he DID send me pictures

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He first texted them to me, but my little smartphone is so dinky that I could barely see them. I had to ask him to send them to me at my email address, and he sort of balked at that (since that would constitute him sending them twice). But he did send them. That was the beginning of “this guy is a little hard to work with.”

Driving over presents all sorts of logistical difficulties, which we’re debating. In the “pro’s” column, it would give me a chance to check the thing out in person, and pay in person if I like what I see. But in the “con’s” section, I’d be driving out there alone, in a truck which has had a number of breakdowns in the last year. Furthermore I’d be driving out to some old dusty ranch by myself, with just him and his gentleman’s honor that he’s not going to take advantage of the situation. Hate to put it in those terms, but let’s say other ladies in similar situations have regretted the assumption than nothing would go wrong. I could always go armed but that presents its own new set of pro’s and con’s. I’m just not sure I really feel comfortable with a trip like that. Let alone the logistics of my absence here for an overnight stay. Hence the motivation to find a way to do this remotely.

We’re going to make a price offer here in the next few days. We’ll see if we can even get past that point. He’s already said some things to indicate he will be tough to negotiate with. So it might all be a moot point if we can’t agree on a price. But assuming we do, I’ll tell him I’d like to make payment in X manner, and see what he says to that. After all, I’m trying to give him money (PBCLoans.com) for a piece of equipment which isn’t really in high demand. I can always say “never mind” and let him sweat out how much he wants that money. Make him step up a little.

He doesn’t say all economies should get 12%

Published / by SC

but that you should do research on mutual funds with long track records. Well, at some point 40 years ago doesn’t matter. What you really need to do is compare a fund to the S&P 500 or other index and see if it did better or worse. Then again, we don’t know what the future holds, so really, to me, do index funds since they are cheap. That way you keep your expenses down. Dave never really talks about the expense ratio of a mutual fund.

I don’t know about others

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but when we took FPU back in 2011, it was Salivan who inspired us. I guess we knew if he could overcome backruptcy, we could overcome our relatively small amount of debt, though it felt big to us at the moment. It wasn’t someone who worked for Salivan that inspired us. Plus if it wasn’t for Salivan, I’d have never heard of any of the speakers he has now anyway. Others have the same/similar message … hate debt, get rid of it, never use it again, tell your $$ what to do, etc. I had heard of others back then using this message, but it was Salivan who inspired us.
Same here. I may be taking his statement on this wrong, but to me it sounds like he is saying that in all economies we should expect 12% on just about any mutual fund. Dh & I do have some performing at that level but would like them all to be at that level. I just looked over ours and some of the returns look pitiful. It seems soem changes need to be made.

I don’t know

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but I do know that I wasn’t real big on the condescending attitude he took with that kid from the Motley Fool last week. I do agree the kid mentioned Dave’s name in his article to get more attention to his article, but I did not like the tone Dave used with the kid whatsoever. I don’t know what the deal is with some people. He’s reminding me a lot of how Oprah became once she became big and famous. I’m still a fan, and he’s helped my family enormously, but he at times seems a bit higher handed to me. I liked the simple, folksy Dave from the past a lot more. I still listen to him daily, but he’s just not the same Dave as he had been when I first started listening to him.

They haven’t said for certain what it is yet

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they are doing a series of daily releases about it –the notice of this change was in my email box today. I wonder if Dave is going to be less hands on.
I know that the speaking engagements this year are being mainly handled by his daughter, Rachael and some guy who has worked for him for a while. I heard that on his talk show yesterday. Now they say there are changing his show in a whole new way.
Keisha, since you are suppose to go see him later this year have you heard anything about changes?

I hope you don’t mind a cross post

Published / by SC

We are getting a new kitchen and the demo has begun this afternoon. My dbil (married to dh’s sister) is here with his helper. They and dh are working on getting out the old cabinets and counter tops. So far so good. They have one long upper out and are getting out the lower one under it now. They will work till they get too tired or till they run into a problem, I guess. Dh is doing a lot of supervising to make sure things that need to remain intact and undamaged are left that way. dd and I are staying out of the way. LOL Dbil has been doing this a few months, it’s been his new career for the last few months so he has some tools that dh didn’t have. He is also younger by about 15 years. Lots of grunts and ‘ahhh’, ‘ahhh’ with the force of knocking stuff out. I am just worried the wood floor and tile that is supposed to remain will get messed up somehow! There are saws, sledge hammers, and other unknown (to me) tools being used.

The new cabinets have been ordered and are scheduled to be done mid-week. The sink we ordered is in … it is at the cabinet makers because he needed it to make sure the base was sturdy enough to hold it. The sink is marble and weighs well over 100 lbs., about 125 I think. With the crating for shipment it was over 300 lbs.

The sink will get delivered to the granite fabricator. The granite been chosen and is in stock, put to the side for us at the granite store. The granite fabricator will come measure with a laser after the new cabinets are installed.

Now they have the double oven out—on a cart. Dh is trying to “unwire” it so they can move it to the garage. When I went to do a little sweeping I realized they knocked a chunk out of a piece of flooring tile. This happened when they were getting the lower cabinet out. I guess dh will figure out a way to replace/repair the tiles when all the lower cabinets are out.

Fortunately since we have followed Dave Ramsey’s advice this is all being done for cash. No financing, no credit cards, not even 0% interest anything. It is not easy going through the demo and construction but knowing we won’t be making payments makes it easier.

This is the first time we have had a kitchen redone by our own choosing. (One time we had to redo one due to a very small amount of damage due to a grease fire.) We are reusing our stove top, microwave/vent, and oven. They were replaced under 2 years ago when we moved to this house. They are still in very good condition and work properly. It saved us several $1000 to keep them and reuse them. We have replaced the fridge and are currently using it. We have bought a new dishwasher and will install it after the cabinets go in. Both were bought on a very good sale at Sears, then another 15% off. We bought the sink online and it is more beautiful than I imagined.

Well, tbh, my “first car” was $2400, so I guess it averaged out!

Published / by SC

It’s a 4cyl so the gas mileage isn’t bad. I don’t think there is such a thing as “cheap insurance” with a teen! We did compare it with a small SUV we were thinking about, and it was $5/month more than the SUV on insurance. I expect it to go up a lot more when he gets his license!!!
Ashley in TN.
I bet your son was excited! I with you I don’t my sons first car to be a $300. Safety, cheap on insurance and good on gas are my requirements.

A few weeks ago, we bought our son his first car

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We paid cash for it (yay!) and it needed some body-work done (one wheel was about to fall off!) and we just got it out of the shop on Thursday. It cost almost as much as the car did! But it’s safe and ready to go. So our snowball hasn’t moved in a while, saving up for this. All in all, it was a little over $3k. My hubs thinks that’s too much to spend on a first car, because his “first car cost $300″… yeah, yeah, yeah. His dad was a mechanic, so he could fix a $300 car. We don’t have those skills, so we had to spend a whopping $1600 on a first car.
So right now, we’re broke. Our bills are up to date, our emergency fund is funded but we don’t have much extra money. I’m going on a retreat next week and I don’t have money to spend on “extras”. But that’s ok. I still get to go on a retreat! whoo!