The Daily Rave

[catherine]

Catherine, I agree that your dream of living on 60,000 social security money, with 250,000 in the bank and no mortgage, is imminently reasonable. It is a solid plan. I also think the more you can relax about the work, the more creative you will become in figuring it out, either getting more clients or morphing the business into something else. You are extremely good at this and an excellent planner. Maybe things are slowing down so that you can have the energy and time to go in the new direction.

Thank you, Tybee, for the encouragement. I need it.

[Teacher Terry]

Catherine, wouldn’t selling your house to your son meet the criteria you have set for retirement? What’s the plan to make that happen?

[catherine]

Catherine, wouldn’t selling your house to your son meet the criteria you have set for retirement? What’s the plan to make that happen?

Q.1: Nope. it would only go toward the savings part, but we don't have that much equity in the house. I will not be able to draw down any of the house money for living expenses. It will only be for emergencies.

Q.2: My son is getting a bonus in October and we will have made the transaction by year's end. We have renegotiated the price upwards to account for the dead time and rise of the market

[iris lilies]

Q.1: Nope. it would only go toward the savings part, but we don't have that much equity in the house. I will not be able to draw down any of the house money for living expenses. It will only be for emergencies.

Q.2: My son is getting a bonus in October and we will have made the transaction by year's end. We have renegotiated the price upwards to account for the dead time and rise of the market

Thank goodness the price of your house will reflect recent market gains. Not being a fan of real estate as investment, I was more than a little worried about that. The sale price doesn’t even have to be top of the market I am just happy that your son is not getting a family discount at your expense.

[Teacher Terry]

That’s good news Catherine!

[rosarugosa]

Catherine: Is your DH generating any earned income at this point? It sounds like he is such a people person that I could envision him enjoying seasonal work at a local shop for example, and that would help move you closer to achieving your goals.

[iris lilies]

Catherine: Is your DH generating any earned income at this point? It sounds like he is such a people person that I could envision him enjoying seasonal work at a local shop for example, and that would help move you closer to achieving your goals.

I thought that too. I can see the DH doing exactly that, and enjoying it, and, adding value to the business he works for. But I don’t think the DH, as delightful as he is, shares financial goals. I think of him more as the “it will all work out. “approach to finances.

[catherine]

I thought that too. I can see the DH doing exactly that, and enjoying it, and, adding value to the business he works for. But I don’t think the DH, as delightful as he is, shares financial goals. I think of him more as the “it will all work out. “approach to finances.

Yeah, he definitely is completely clueless when it comes to finances. Definitely when it comes to ant vs grasshopper, he is the grasshopper in the family. He did mention maybe getting a job this winter... his problem is that he had his own business for so long it makes him a very difficult employee. He went for a job at the boat marina last spring, which on paper was such a great idea!! One of the guys there suggested he should apply for manager, and he just ran with that. He wrote up a whole plan for how he could improve the marina, but unfortunately, what he didn't do is ask his prospective boss what THEY wanted. This marina is a very low key operation, and DH presented plans for building a restaurant, renting tubes and other pool toys, having leadership sessions with the deck hands... I think he scared the marina owner off..

If he finds the right position in which he could exert a little of his big shot personality without being too demanding as an employee, I think he'd be great.

[iris lilies]

I have discovered a new sub species of feline:


Felis silvestrus catus subsp antiboxus

My cats are of this antiboxus sub. They do not like boxes. They have no interest in boxes. They walk by boxes with no curiosity.

[Tradd]

IL, that’s very funny.