Power Outage
From a Client who is building his own house bit by bit
Hello Shawn,
.
I’d be happy to email you some info on how we are doing it… basically it requires just saving money for a few months until we reach a goal, and then moving on from there. For instance, the first ‘goal’ was drilling a well on the property, so we saved money for about 3 months to have enough cash. It could have been upwards of $15k for the well, luckily it was only about $5k, that left enough cash left over to immediately move on to the second goal which was having the electric line installed (we are literally in the middle of nowhere, so the electric is very expensive to have lines run)…
.
We are basically slowly poking away at it until we eventually will have it all done and are living in it (paid in full) with no mortgage or loans of anykind… One thing we are doing that is a little out of the norm, is we are having the basement completed FIRST. The basement alone is going to be about 1500 square feet, it has a full size apartment on one half, and the 4 kids bedrooms and a massive ‘play’ room on the other half. We are going to have that completely done next, then move into the basement (I guess like hobbits), then we’ll start work on the upper house once we are moved in… It is going to be 3 floors, the top floor is going to be my full size art studio.
.
If you have any specific questions, please let me know.
.
DA
Eyebrow Commercial
Thanks to: Bryn
Maytag Repairman
Remember those old commercials about the Maytag Repairman?
Well, that’s me today. I came in on Saturday and was up in the middle of the night, so I’m all caught up. The goal is to fill up the remaining project slots for March. Or if you’re not ready quite yet, to get some things cooking.
I still have one (one) slot for the 30/30 special.
Question Answered about Interest- updated
A few days back I asked this question:
If you take the total gross income for an average city in the US (adding up the gross income of all the residents), what percent of that goes towards interest? Any guesses?
I suppose the question could stand for a single household and be just as meaningful.
I got one response:
By “going towards interest” did you mean making payments on interest-laden things (credit cards, loans, etc…)? If so, I would guess 35%. With a house and cars, my parents pay 22% of their income towards interest but they don’t have particularly expensive cars and they don’t keep credit cards so the figure is probably under the average.
This sounds about right to me. I’d say somewhere in the 20-40% range.
As a side note: if you have a comment for the blog you need to email me directly at bluetablepainting@gmail.com The anonymous comments left through Blogger were getting a little strange for my taste.
Now, if I may make a related comment.
Banks engage in a (legal) practice called fractional reserve banking. This means that when you put $100 on deposit, the bank can loan out something like $1000 and collect interest on it.
Let me put it another way. If you get a loan for your home (which we are told you must get because there is no other way to obtain shelter) for $150,000 you will probably pay back something like $100,000 worth of interest on top of paying for your home for a grand total of $250,000.
You will pay this interest because a customer of the bank had $15,000 on deposit. Possibly even you yourself.
Let’s dig a little deeper. How long will it take you to produce the $100,000 worth of interest? I’d say two or three years. Doing nothing except working to pay interest.
I am openly inviting any reader to refine my view on this matter. Do I have my facts straight?
Another Comment from a Reader
I just read your blog on the interest payments… I was stuck in that trap years ago and it was not fun. It felt like half of the money I spent was only covering interest… We now no longer use credit cards, take out loans or worry about interest. We pay for things as we go… We are currently building a house and estimate it is going to take 4-5 years to complete, but when it is done we will have no payments to make on it, we could have taken a loan an had it build in under a year, but that loan would take us 20+ years to pay of, but when doing it up front and in full, it is only going to take a quarter of that time (or less).
.
Something sad I noticed, I went to open house at my son’s school… he is 5 years old, and was showing me the toys he plays with in school. They had a pretend store front, with a register and veggies and cans of food, they are encouraged to “role play” the rolls of the buyer and the cashier, etc… except unlike when I was a kid in school, they no longer use play money. The kids all have pretend credit cards, and everything they purchase is charged to credit. They are teaching the kids about borrowing money and using credit cards to make purchases.
.
It now explains why several months back, I had my son in Wal-Mart, and he wanted to get a lego set. I usually allow him to pick out something each time we go, since we only take the trip into town once a month or so… he picked out a $129 lego set, and I told him he had to get something smaller because I didn’t have that much money on me, that would have to be a Birthday or Christmas gift… his reply was “it’s ok Daddy, just use your credit card so you don’t have to spend any money”…
.
You think things are bad now, wait until our kids are in their 30’s…
Bright Sunday
Question
If you take the total gross income for an average city in the US (adding up the gross income of all the residents), what percent of that goes towards interest? Any guesses?
Khorne-ly Army List
A client sent me this email, thought you all might get some insight:
fyi, here’s my newest tournament list for 1750…thought you might find it fun.
.
1. I know the standard tournament form has plague marines on objectives, berserkers clearing the way, obliterators and lash princes to rearrange the enemy and deal with them. I honestly don’t have a problem with this per say, but I would rather go for a more fluffy army that is still compeditive. As has been said, having been the guy on the other side of the table more than once, The lash combo works, but only so far. I also don’t like going with lists that can be reasonably expected by my opponent and prepared for.
.
2. I’ve sunk a fair amount of change into making this army work and have become rather stuck on a fluffy khorne/berserker army. The more aI read, the more feedback I get the more the army appeals to me.
.
3. I’ve revised the army with the understanding that it isn’t the ideal chaos army but there’s a good bit of synergy and redundancy as well as fluff. What I’d say to those against the dreads is that in a normal army I wouldn’t give them the time of day. The thing is that the world eater list that is both dreadnaught heavy and defiler heavy is unique in that the entire army is focused on getting to combat, meaning that even if the enemy hits one of the 4 heavy walkers or two, a few of them are getting to the enemy. Even if they don’t then 3 squads of berserkers with Kharne will. Either way I win. I did decide, both because of points and theme to go with 2 close combat weapons though to limit fire frenzy.
.
Here’s the new list:
H.Q.
Kharne the betrayer
.
Troops:
8 demons
8 berserkers, icon, champ, powerfist.
8 berserkers, icon, champ, powerfist, Rhino.
8 berserkers, icon, champ, powerfist, Rhino.
.
Elites:
Dreadnaught, extra close combat arm, extra armor
Dreadnaught, extra close combat arm, extra armor
.
Heavy Support:
Defiler, 2 close combat arms
Defiler, 2 close combat arms
Land raider, demonic possession.
.
I really want the terminators, but this list is better than anything I’ve been able to come up with at 1750 with them in it.
.
At 2,000 I’ll add a 10 man unit of chaos space marines, mark of khorne, flamer, champ, powersword, rhino.
.
When we hit 2500 I’ll add a 10 man unit of terminators with 2 heavy flamers, each with a chainfist, a champ with a chainfist, and mark of khorne, plus some other random upgrades for the army.
.
Having some actual games under my belt now in fifth and having been to a tournament, I’ve found that close combat is just head and shoulders more decisive than shooting, and more effective. Sadly, I love shooting, but with the profusion of ways to generate or magnify cover saves, my old favorites, plasma cannons and lascannons just aren’t what they used to be. I’d do a iron warriors list with vindicators and doom siron, Obliterators, lord, terminators, troops and some raptors/bikes, but it just doesn’t call to me. This army feeds my resin addiction and will look good, and might give me a shot at winning a tournament or two, certainly better than my eldar finish.