Prepped financial planning

[user 7704]

Mom actually mentioned to my brother that he needed to call the agent and apologize for his attitude.

 

[user 7704]

Pride is one of the 7 deadly sins...

I was going to post that I believe Pride is one of the worst, but knew how most on this board feel about religion.

 

[user 7704]

She is moving some of her money to Tennessee and I'm going to ask her if we can at least get the type that requires double signatures over a certain amount.

 

[Brent S]

I am reading about more and more financial advisers are saying we are likely heading into higher inflation and food costs and that getting your financial affairs in order is wise. Primarily by working to get out of debt. I know no one has a crystal ball to predict exactly what will happen in the future, but it is good advice all the time anyways.

 

[user 7704]

Hope this isnt a double post.

I've got a new tale today.

Mom asked my brother if he would put something in his safe. She pulls out bundles of $100 bills. She had $10,000 in her underwear drawer.

In case she died or had a stroke, we would not have had a clue. This is getting scarier by the day.

If I posted this before, I apologize. My mind is spinning. Need some valium . Lol

 

[Brent S]

Hope this isnt a double post.

I've got a new tale today.

Mom asked my brother if he would put something in his safe. She pulls out bundles of $100 bills. She had $10,000 in her underwear drawer.

In case she died or had a stroke, we would not have had a clue. This is getting scarier by the day.

If I posted this before, I apologize. My mind is spinning. Need some valium . Lol

At least she has the two of you to look after her. Being alone in your last years isn’t good.

 

[Mountain trapper]

I am reading about more and more financial advisers are saying we are likely heading into higher inflation and food costs and that getting your financial affairs in order is wise. Primarily by working to get out of debt. I know no one has a crystal ball to predict exactly what will happen in the future, but it is good advice all the time anyways.

We have been experiencing higher inflation and food costs for years. Look at the price of fuel and your grocery receipts compaired to 1, 5, 10, 20 years ago. The financial "experts" have a way of manipulating the numbers to make the rising inflation look less than it really is.
If you look at an inflation chart from the 1700's to today, you would see virtually zero inflation, except for a few small blips, until about the time we went off the gold standard.
It's almost guaranteed that we will see a financial crisis in the future. Just look at the past. Nobody knows for sure when a crisis will hit. Just be prepared for it when it does.
I agree 100% to get out of debt, and stay out. I view debt like gambling. Never borrow, or gamble, unless you have the cash put away to cover your losses/debts.

 

[DrPrepper1]

I am reading about more and more financial advisers are saying we are likely heading into higher inflation and food costs and that getting your financial affairs in order is wise. Primarily by working to get out of debt. I know no one has a crystal ball to predict exactly what will happen in the future, but it is good advice all the time anyways.

Gas prices sure are going up.
What time line do the advisors give for the increase? I do my best to stay out of debt, but if there were to be an increase, it would be harder for sure. We have had major tax increase due to all the Californians moving here.

 

[Brent S]

Gas prices sure are going up.
What time line do the advisors give for the increase? I do my best to stay out of debt, but if there were to be an increase, it would be harder for sure. We have had major tax increase due to all the Californians moving here.

I didn’t read anything specific on a time, but the consensus was prices of most things were going up. If it was just luxury items then it wouldn’t bother me, but when they are talking about food, clothes and basic necessities it will be harder for most people. Couple this thought with the survey that the vast majority of Americans can’t handle a 400.00 emergency and it’s kind of scary.

 

[user 7704]

Update: Got mom back down here when the $$$.

Opened her an account here and everyone is happy.

Funny part: we were talking about money and she actually said "Robin, when it comes to money, I know what I'm doing". I almost fell out of my chair. Last week she was giving away $30k. Yeah, she's on top of it

 

[Kevin L]

I rarely, if ever, gamble.

I occasinally buy a few lottery tickets, and on rare occasions (twice in five years) I go to the dog track

My rule is that I'm out to have a good time, and never spend more than I would spend on a night out on the town.

My dad knew several compulsive gamblers, and a few had their bodies worked over by gorillas who were hired by the bookie.

One guy had two broken legs, broken ribs, internal bleeding, and a serious concussion when he couldn't pay back the vigorish on his markers.

I've had enough vices, and I thank God that I've never been a compulsive gambler.

 

[Brent S]

I rarely, if ever, gamble.

I occasinally buy a few lottery tickets, and on rare occasions (twice in five years) I go to the dog track

My rule is that I'm out to have a good time, and never spend more than I would spend on a night out on the town.

My dad knew several compulsive gamblers, and a few had their bodies worked over by gorillas who were hired by the bookie.

One guy had two broken legs, broken ribs, internal bleeding, and a serious concussion when he couldn't pay back the vigorish on his markers.

I've had enough vices, and I thank God that I've never been a compulsive gambler.

I have always felt I worked too hard to piss my money away gambling. I went to a casino once and lost 20.00 in the first five minutes, I remember thinking ‘this was fun?’ as I walked out the door. I do occasionally buy a lottery ticket too, but rarely since they changed the games and made the odds even worse. Luckily, most of my hobbies have been productive most of my life.

 

[user 7704]

I have always felt I worked too hard to piss my money away gambling. I went to a casino once and lost 20.00 in the first five minutes, I remember thinking ‘this was fun?’ as I walked out the door. I do occasionally buy a lottery ticket too, but rarely since they changed the games and made the odds even worse. Luckily, most of my hobbies have been productive most of my life.

After losing $20, I feel like I'm just wasting money. Not worth it to me.

 

[DrHenley]

I lost my Christmas bonus on a poker game once. That cured me from gambling. I bought one lottery ticket in my life...When the lottery got close to a billion dollars. I thought "Why the hell not? If I win I can buy my own island somewhere."

 

[jimLE]

I rarely buy a lottery ticket.and i go to the casinos and play poker even less.the last time i played poker was in the late 1970's.last time i went to a casino. Was inbetween 2000 and 2004 if i remember right.

 

[brandx]

Since her bank is in KY and she spends most of the year here in TN, my brother has POA over her checking account. He doesn't have POA for her savings such as Cds and bonds.

She did it that way on purpose.

Does he have the paper from the attorney that is signed by her and by the attorney that gives him POA? If not, then he is only listed on the account at the bank and it is not a POA. I stick with my advice see an elder care attorney asap.

 

[Brent S]

This is the definition of insanity;
National debt is about to roar back to life as a pressing issue - CNN https://apple.news/AaZoCnFK1S1qKl1ycffxS4w

 

[Kevin L]

This is the definition of insanity;
National debt is about to roar back to life as a pressing issue - CNN https://apple.news/AaZoCnFK1S1qKl1ycffxS4w

I'm glad that reefer seems like it's going to be legal.

This news is so frightening, that I think the only way to deal with it is to prep, and stay baked.

 

[DrHenley]

Not that it isn't important, it is. But there is a reason it's back in the news...

The "Trump colluded with the Russians" crusade has gotten nowhere.
The "Trump slept with a woman twelve years ago" crusade mostly got yawns.
The "Trump's separating families at the border" crusade backfired.
They are running out of ammo and need a new Cause du jour...

 

[tmttactical]

Here this will help the budget. Eliminate all Welfare. Department of Education (return control back to the state), 3 strike law criminals (that will reduce prison costs), Only give college loans in the amount the students can earn in 1 year after graduation (teachers earn $40,000, -- maximum loan for entire degree $40,000) Eliminate all grants to colleges / universities. No grant money for special studies ( to find out why the dung beetle likes to roll dung) or any other stupid government wastes. Require a balance budget and tie the pensions of teh politicians to the budget being balanced. Oh there is a trillion ways to cut spending and put out a balanced budget, is it going to happen, heck no. The deficit is only an issue now because a different party is in power, switch roles and it would be the GOP screaming about the deficit. Just like Mikey, talk, talk, talk when do we eat. Plan. Prep because it is going to become due and there will come a time when the debt cannot be kicked down the road. Roast mule anyone, dog and cats will already be gone.

 

[Brent S]

I'm glad that reefer seems like it's going to be legal.

This news is so frightening, that I think the only way to deal with it is to prep, and stay baked.

Lol

 

[Brent S]

Not that it isn't important, it is. But there is a reason it's back in the news...

The "Trump colluded with the Russians" crusade has gotten nowhere.
The "Trump slept with a woman twelve years ago" crusade mostly got yawns.
The "Trump's separating families at the border" crusade backfired.
They are running out of ammo and need a new Cause du jour...

Those are all points that would have impeached most presidents. Hell, they made ol bill describe what he did with a cigar in public....

 

[Brent S]

Here this will help the budget. Eliminate all Welfare. Department of Education (return control back to the state), 3 strike law criminals (that will reduce prison costs), Only give college loans in the amount the students can earn in 1 year after graduation (teachers earn $40,000, -- maximum loan for entire degree $40,000) Eliminate all grants to colleges / universities. No grant money for special studies ( to find out why the dung beetle likes to roll dung) or any other stupid government wastes. Require a balance budget and tie the pensions of teh politicians to the budget being balanced. Oh there is a trillion ways to cut spending and put out a balanced budget, is it going to happen, heck no. The deficit is only an issue now because a different party is in power, switch roles and it would be the GOP screaming about the deficit. Just like Mikey, talk, talk, talk when do we eat. Plan. Prep because it is going to become due and there will come a time when the debt cannot be kicked down the road. Roast mule anyone, dog and cats will already be gone.

Both sides of the aisle claim the other side is responsible for the out of control debt. In reality they are both equally as bad. I do agree, donkey may be on the menu down the road since no one seems to control spending others money.

 

[Dani]

Those are all points that would have impeached most presidents. Hell, they made ol bill describe what he did with a cigar in public....

Why are all those grounds for impeachment? No collusion found as of yet. He slept with a woman 12 years ago (as in, not even in office) and the separating of families was already in the books before he was even elected. He just enforced law already in place.
Sorry Bud, but old Billy did what he did in the oval office with a woman who was not even his wife.

 

[Brent S]

Why are all those grounds for impeachment? No collusion found as of yet. He slept with a woman 12 years ago (as in, not even in office) and the separating of families was already in the books before he was even elected. He just enforced law already in place.
Sorry Bud, but old Billy did what he did in the oval office with a woman who was not even his wife.

I was mostly referring to character or morals. Something no one seems to care about anymore.
As far as collusion, come on, anyone who doesn’t believe trump didn’t know about the meeting is delusional. I will give you the point on bill being in office, like literally, he did this in the office! The separating families thing was horrible and wrong, period. I’m fine with putting the whole family on a budget plane immediately and send their butts back to their capital, but not kids alone in detention. Not to mention those detention camps were ALOT more expensive per day than an airfare.

 

[Dani]

Sorry about the kids being separated but the parents were the ones that came over illegally. That is a crime plain and simple. If the parents really cared, they would legally immigrate into this country and not become a criminal and have their kids taken cause that is what happens in the real world where people break laws. Sorry, I put this on the parents choice coming over, not the President.

 

[brandx]

This is the definition of insanity;
National debt is about to roar back to life as a pressing issue - CNN https://apple.news/AaZoCnFK1S1qKl1ycffxS4w

Sort of expecting this after doing so much reading about the causes of Venezuelas mess.

 

[brandx]

Both sides of the aisle claim the other side is responsible for the out of control debt. In reality they are both equally as bad. I do agree, donkey may be on the menu down the road since no one seems to control spending others money.

There are too many dependents, that is government dependents, and those who are elected want to keep their jobs. If they cut spending they get voted out because people have the attitude of entitlement. "Ask not what your country can do for you, but what you can do for your country." Is a very tiny part of our society. Therefore, the writing is on the wall. We are doomed. Study the fall of democracy and it is very apparent. This is why there are people like us who associate here. We use our eyes to see what is happening and we use our intelligence. The masses have their heads in the sand. There isn't that much to discuss, it is going to happen and their isn't much we can do about it. Just keep writing our politicians,vote, try to educate people and pray.

 

[DrHenley]

Sorry, I put this on the parents choice coming over, not the President.

And that is exactly why it backfired. Most Americans see the parents as the ones responsible (or irresponsible) Not some policy that Trump inherited FROM OBAMA and just enforced.

All the pictures of children in cages were from the Obama years from what I understand. Typical fake news journalism!

 

[brandx]

And that is exactly why it backfired. Most Americans see the parents as the ones responsible (or irresponsible) Not some policy that Trump inherited FROM OBAMA and just enforced.

All the pictures of children in cages were from the Obama years from what I understand. Typical fake news journalism!

The news is only what they report as being news. We don't get the REAL news. I just finished Ted Koppel's book and he discusses how news reporting has changed and created division in the American people because news is reported with a slant and not just the facts. He was and is a real journalist and by reading his book you can decipher that he doesn't sugar coat, or put a slant, but reports what the research indicates clearly. Oh, yea the book is "Lights Out", I will be reading a second time due to the complexities of the subject matter.