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I work half the day. The first 12 hours or the last twelve hours.
Thursday, 16 August 2007

FROM THE FDIC WEBSITE:

Payable-on-death (POD) accounts – also known as testamentary or Totten Trust accounts – are the most common form of revocable trust deposits. These informal revocable trusts are created when the account owner signs an agreement – usually part of the bank's signature card – stating that the deposits will be payable to one or more named beneficiaries upon the owner's death.

The FDIC insures the interests of each beneficiary up to $100,000 for each owner if the beneficiary is the owner's spouse, child, grandchild, parent, or sibling. Adopted and stepchildren, grandchildren, parents, and siblings also qualify.

 

For More Information http://www.fdic.gov/deposit/deposits/insuringdeposits/index.html 

 

 

EX: When you set up a Certificate of Deposit (CD) at the bank and make it Payable on Death  (POD) it sounds to me like you have set up a revocable trust. So does that mean your kid has a trust fund? 


Posted by celeb2/business at 10:36 PM EDT
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God has not given us a spirit of fear but of love and power and a sound mind.

Posted by celeb2/business at 6:50 PM EDT
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Tuesday, 10 July 2007
Comments made in the year 1955
"I'll tell you one thing, if things keep going the way they are, it's going to be impossible to buy a week's groceries for $20."

"Have you seen the new cars coming out next year? It won't be long before $2000 will only buy a used one."



"If cigarettes keep going up in price, I'm going to quit. A quarter a pack is ridiculous."



"Did you hear the post office is thinking about charging a dime just to mail a letter?"



"If they raise the minimum wage to $1, nobody will be able to hire outside help at the store."



"When I first started driving, who would have thought gas would someday cost 29 cents a gallon. Guess we'd be better off leaving the car in the garage."



"Kids today are impossible. Those duck tail hair cuts make it impossible to stay groomed. Next thing you know, boys will be wearing their hair as long as the girls."

"I'm afraid to send my kids to the movies any more. Ever since they let Clark Gable get by with saying 'damn' in 'Gone With The Wind,' it seems every new movie has either "hell" or "damn" in it.



"I read the other day where some scientist thinks it's possible to put a man on the moon by the end of the century They even have some fellows they call astronauts preparing for it down in Texas ."



"Did you see where some baseball player just signed a contract for $75,000 a year just to play ball? It wouldn't surprise me if someday they'll be making more than the president."



"I never thought I'd see the day all our kitchen appliances would be electric. They are even making electric typewriters now."

"It's too bad things are so tough nowadays.

I see where a few married women are having to work to make ends meet."


"It won't be long before young couples are going to have to hire someone to watch their kids so they can both work."



"Marriage doesn't mean a thing any more; those Hollywood stars seem to be getting divorced at the drop of a hat."



"I'm just afraid the Volkswagen car is going to open the door to a whole lot of foreign business."

"Thank goodness I won't live to see the day when the Government takes half our income in taxes. I sometimes wonder if we are electing the best people to government."


"The drive-in restaurant is convenient in nice weather, but I seriously doubt they will ever catch on."



"There is no sense going to Lincoln or Omaha anymore for a weekend. It costs nearly $15 a night to stay in a hotel."



"No one can afford to be sick any more; $35 a day in the hospital is too rich for my blood."



"If they think I'll pay 50 cents for a hair cut, forget it."



Know friends who would get a kick out of these? Pass it on!


Posted by celeb2/business at 7:42 AM EDT
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Friday, 12 August 2005
How the Patel's came to this country and became wealthy
It is your typical immigrant story...but one we who were born American, don't seem to understand.

They come here with nothing...and having nothing, they share willingly what little they have with family and friends...They might live several to an apartment or to a house so they can save as much money as possible to buy a home or start a business. When they get that business sometimes they will live in the back of the business and make do.

Oh, we call them cheap never dreaming that they have a goal....and if you are going to have to be poor during a period of your life it is smarter to do it when you are young and get it over with...as you look for ways to lift yourself up. They enjoy family and have a great time with them. As they get older they move up to the bigger houses. They still keep the family close but in a 7000 sq ft house who cares if thre are two huge master suites...one for mom and dad and one for son and his wife. They rely heavily on each other for advice instead of thinking they are too smart to need anyone to tell us what to do.

But we "True" Americans...we want it all...we want to have our own place as soon as we get a job or finish school ...taking on big honking mortgages that come with lots of expensive amenities we have to keep up...fools that we are....we spend every dime we have and use credit to pay for the rest...making sure that the poor time in our life will be hanging over us all of our life as we struggle to pay our bills and stress over them....harming our health as we work long hours to be able to have the expensive toys that we don't and won't ever have time to play with.

Now watch the Mexican's.....they too are living many to an apartment....hitting the garage sales....watching their money....they too are succeeding...look how many have construction companies....are cement contractors and home builders...restaurants....they aren't scared to try...they WILL be the next rich.

Maybe we could learn a thing or two?

Would we be willing to buckle down for a period of time that we set for ourselves....say 5 years...to maybe drive our cars longer....eat out only once a month...use the water and ice from the door in your fridge....it's healthier than soft drinks!


Posted by celeb2/business at 10:42 PM EDT
Updated: Saturday, 13 August 2005 1:34 PM EDT
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debt free




HOW TO GET OUT OF DEBT FAST

The following is a simple plan shown to me by an accountant:

For the sake of brevity, lets focus on 3 bills. First, write down your debts from the smallest to the largest, along with their monthly payments. Utility bills are not "debts", since they can not be "paid off".

Example:
(1) Credit card $40.00 per month
(2) Automobile $200.00 per month
(3) House $400.00 per month

Second, while continuing to pay each bill monthly, for the agreed amount, decide on how much extra you can pay each month. (This may mean taking your own canned pop instead of buying it at work. Or taking your lunch instead of going out every day.) Let's assume you can come up with an extra $100.00 per month.

Next, apply the extra $100.00 each month to the first bill (the credit card) along with your regular payment of $40.00. Be sure and specify that the extra $100.00 per month is applied to the principle only. Continue to do this each month until the first debt is paid in full.

Once the first bill is paid off, take the $140.00 that you have been paying on the first debt and apply it to the principle of the second bill. In other words, at this point you will be paying a total of $340.00 on the second debt (the automobile).

Then, when the second bill has been paid in full, apply the $ 340.00 you have been paying on the second debt, and pay on the principle of the third debt. Your payment on the third bill (the house) would then go from $400.00 per month to $740.00 per month.

If you follow this plan faithfully on all your obligations, it will not be long before you are completely debt free.

Think about having your home completely paid for...maybe you bought it for $90,000 and it is now worth $150,000....so if you use the above to get out of debt....and get it paid off... it is like having $150,000 in the bank...and becoming worth more every year!


Posted by celeb2/business at 8:03 PM EDT
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Wednesday, 13 July 2005
Sheriff's auction
Try to get in here as it is quicker http://tcso.org/auctionsale/Public%20Auction%20Report.html

If you can't, go here http://tcso.org/auctionsale/AuctionOptionsPage.htm

Posted by celeb2/business at 8:57 PM EDT
Updated: Wednesday, 13 July 2005 9:01 PM EDT
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This has updates on the Girl Scout murders http://www.geocities.com/welkerlots/scouts.htm

Mullendores http://www.geocities.com/welkerlots/mullen.htm

Posted by celeb2/business at 1:10 AM EDT
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I’d be glad to have less stuff if that meant that I’d enjoy what I had a little more.
I used to get a thrill out of the smallest stuff: a new issue of a magazine, the shows on PBS on Saturday afternoon, a simple, meandering drive in the country. But a new magazine now feels more like an obligation than a joy; the programming on PBS seems so irrelevant to my life (like it wasn’t when I was in college?); a drive in the country just means bouncing madly from radio station to radio station looking for some programming which doesn’t make my skin crawl. I buy books and don’t read them for months; I buy CDs and listen to the first three songs; I make plans for an afternoon of much-needed rest and relaxation, then find myself so twitchy and bored that I go to work halfway though it. markhasty.com/archives/2004/03/04/creative-deprivation/


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On Creative Deprivation http://www.simpleliving.org/Archives/TreasCeleb/TOCGiftGiv.html
Several years ago, Colman McCarthy's article about "Creative Deprivation" appeared in The Washington Post. McCarthy's belief that "children have little need for marketplace temptings" still holds true today. The only difference is that the marketplace gurus work harder at convincing our children that they "need" that toy, that article of clothing, that new computer program. These marketers are skilled, pervasive, and in the long run, destructive to family harmony. There seems little recourse (other than heading for the hills) than to meet them with equally pervasive tactics.

McCarthy wrote:

By definition, to creatively deprive children means to keep their senses and minds free of material goods that overwhelm them, the kind soon to be washing in from the immense commercial ocean of Christmas. How can children not be emotionally drowned when wave after wave of toys rolls over them?
How can a child have a sense of value for any one toy when so many are given at once? How can the potential of one gift be explored when the attraction of so many others is pulling? The whisper of newness becomes a deafening roar. It is hard to imagine how this surfeit of Christmas toys can lead to new levels of playfulness.

It may sometimes feel as if you are standing alone holding your finger in the dike. But there are two factors that can help you. One is a supportive community of like-minded people. The other is to become more involved in offering alternatives.

While a computer game, for example, may stimulate a child for a time, eventually, it can be mind-numbing. On the other hand, a walk in the park with corn kernels in your pocket and your child in tow, can be a rewarding and wondrous event for both of you. (Not to mention that it allows you to get some air and exercise.) Before bedtime, reading about whatever creatures you happened to meet there prolongs and enriches the experience. Drawing or writing about the walk can put the proverbial icing on the cake.

Einstein once said that imagination is of more value than knowledge. It is good to remember these words when raising children. They are born with imagination in abundance. Some commercial gadgets and toys can stimulate, of course, but so can a walk in the park, helping to build and maintain a bird feeder, and so on. A well stocked dress-up box can be the greatest gift to the imagination. (Adults like them, too!)

Creative deprivation also teaches children that there are limits - to resources, to what they can ask for, and to what you can and will give. Certainly, debt-ridden and anxious parents are not the gifts that children want. They want and need your attention and love. They want you.


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The thinking behind creative simplicity in the 70s and 80s, perhaps, was ahead of its time. There is no question that the lifestyles described are necessary and welcome.


Creative deprivation -- the idea is that if you have treats less often, they will be more special to you and you'll appreciate them more.
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Economist E.F. Schumacher, in Small Is Beautiful, "Only by a reduction of needs can one promote a genuine reduction in those tensions which are the ultimate causes of strife and war."
"Creative deprivation" for children makes good sense for adults as well. It keeps the senses and mind free of material goods that overwhelm us, in order to have room to experience creative uses of the imagination.



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When our first child was a newborn, I came across the notion that parents use "creative deprivation" in raising their children. The idea appealed to me, having myself been raised in a small, isolated town surrounded by a large extended family. Although I never had much to do, my childhood was rich with relationships and direct contact with nature, contact that I'd never have sought out if I hadn't been "bored, there's nothing to do." With my own family, my husband and I chose to live in a place where our children could walk to school, walk to their friends' houses, walk to their music lessons, walk to the library. Now that they're older, they bicycle, too. When they wanted to take on an activity that would have required considerable driving, we talked about whether it was worth it, and frequently decided that it wasn't.

Our children will not be hurt if they are treated as if they are not the center of the universe. I think we should spend time with our children, create with them, cook with them, play basketball and bicycle with them. But drive them for hours each week from one activity to the next? No way. It's been easy for us to say no to them because we willingly set those same limits on ourselves. And frequently there is a positive opportunity in saying no to car travel. We're not going to do that far-flung orchestra, but who would you like to play with right here in town? We won't drive to the Jersey shore, but how about a week-long family bicycle trip to the ocean? Limiting car travel with our children means that they probably will miss some wonderful activities and opportunities; but it can also help them gain the confidence and skills to find and add to the unlimited richness in the local and near at hand. http://www.friendsjournal.org/contents/2002/09september/feature2.html




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A balanced, down-to-earth, Christ-inspired simplicity of family lifestyle. This is what we call "creative deprivation."

--where luxuries remain as luxuries, and necessities are properly provided for, as the Lord would have it. The quantity and quality of food, clothing, shelter, and other human facilities, including energy, should become the objects of critical discernment. Healthy food need not be the "best' food, decent clothing need not be the most expensive, a comfortable home need not be the envy of the neighbors, and energy conservation can become second nature to us all.

The same goes for forms of recreation and relaxation. Back-to-nature activities are more healthy and creative. Ways of celebrating significant events like birthdays, weddings, Christmas, and New Year can be more simple, more creative, and much less expensive. The amount of money that went up in firecracker smoke this past New Year’s Eve, among the rich as well as among the poor, and for hours and hours on end, simply depressed me rather than ushered me joyfully into the New Year. Balance and moderation were far from the consciousness of people. http://eapi.admu.edu.ph/eapr003/ruben.htm



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And I thought Creative Deprivation was something new! (Click to see the original one that has been going around.) Creative Deprivation --

At a yard sale I attended, a ten year old kid was barely visible behind a table pile with GI Joe paraphernalia. Along with about 30 Joe dolls, he was selling his Joe tanks, Joe Bazookas, Joe Rocket belts, and Joe you name it.

What struck me was what contempt he seemed to have for the stuff--he was practically giving it away. It was clear that this huge collection, which must have cost several hundred dollars to buy, was not an immense bore to him. When I commented to his parents about the good deals at their son's table, they just rolled their eyes as if to say, "That's kids for you."

Increasingly, I see this trend toward excess in children's lives. A friend, who has one child, says his son is so bombarded with toys from friends and relatives that "I don't tell him to clean his room--I tell him to shovel it out."

While we, as kids, might have been devastated to lose a favorite toy, kids today don't even bother to keep track of their stuff. When a friend found an $80 hand-held video game, in his house, he was unable to learn whose it was. Six months later, the ten-year-old owner spotted her toy during a visit. She casually remarked, "Oh, I was wondering where I left that."

And the excess problem is not just toys. The average kid spends more than four hours parked in front of a TV each day. If there's nothing good to watch on TV (or cable), they have an unlimited supply of video movies and games.

As a result of all this stuff and stimulation, kids regard overload as a normal condition. Anything less--a walk in the woods, making cookies, or sitting in a classroom listening to a teacher--is boring.

In contrast, using a concept I call "creative deprivation" is, in my view, a healthier way to raise children.

The idea behind creative deprivation is that every event should have space around it, so that the event can stand out and be appreciated. A simple example is a frame around a picture, which provides a space to make it stand out from the busy wallpaper.

Until this century, the space occurred naturally. Entertainment and material goods were hard to come by, so they were appreciated when they came along. A child cherished his few toys, and music was a special event, because it could only be heard when musicians were assembled.

The challenge of modern life is that we have to actively create the space. With mass production, toys are cheap enough to swamp even poorer families. With TV, videotapes, and video games, flashy entertainment can come into every home 24 hours a day.

That's why the best parents understand that their kids can have too much of a good thing. They place limitations on the stuff and stimulation. They are tough enough to slow down the flow of goodies.

Often, people think we refuse to a avalanche our kids with toys because we're tightwads. But saving money is not the main reason. I just feel there's nothing sadder than a jaded eight year old.

Conversely, it's delightful to see a kid thrilled by a simple pleasure.

During a rare trip to a mall a few years ago, , we popped into an ice-cream shop and ordered a junior cone for each child, which they consumed in complete silence, savoring every drip. I was very proud of my brood and their ability to enjoy these little treats.

Many parents, seeing their children appreciate junior cones, would buy them cones during each trip to the mall. Soon, seeing the kids enthusiasm waning, they would assume they must wow them with banana splits. When those no longer produce the desired effect, they would move up to the jumbo deluxe sundae..and so on, until the kids became impossible to please.

But I see diminished appreciation as a barometer that shows when kids have had too much. Instead of moving up to the banana split, I decrease the frequency of the junior cones.

While it's true I don't raise my kids this way to save money, saving is a natural by-product of creative deprivation. Not only do I save on the constant expense of the ever-increasing amount of stuff and stimulation, but when I do treat the kids, they get the same wow for far less money.

Creative deprivation does have a few rules. Limit the things kids don't need, but don't limit the things they do need--such as good nutrition and parenting attention. Second, provide them with alternatives. Our kids have their own "office" in my office where they do artwork, a tree house they can build on with scrap wood, a playhouse in an attic, and a selection of Legos and other toys that demand creativity. If you limit passive entertainment, kids eventually get beyond the boredom and begin to be creative.

Incidentally, this insight isn't new. About 2500 years ago, the Chinese philosopher Lao-tzu wrote:

Guard the senses
And life is ever full...
Always be busy
And life is beyond hope.

Finally, creative deprivation works for adults, too. If you seem to need increasingly expensive thrills and gadgets to keep from being bored, I suggest you step off the merry-go-round. Though this might seem more boring at first, eventually you'll come to enjoy a game of checkers with your nine-year-old or trying a new bread recipe.



************************************************** *******
That most of us are considered poor is no disgrace, but does us credit; for, as the mind is weakened, so it is strengthened bya frugal life." Minucius Felix, third century A.D.

Posted by celeb2/business at 1:09 AM EDT
Updated: Friday, 12 August 2005 7:56 PM EDT
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To realize
The value of a sister
Ask someone
Who doesn't have one

To realize
The value of ten years:
Ask a newly
Divorced couple.

To realize
The value of four years:
Ask a graduate.

To realize
The value of one year:
Ask a student who
Has failed a final exam.

To realize
The value of nine months:
Ask a mother who gave birth to a stillborn.

To realize
The value of one month:
Ask a mother
who has given birth to
A premature baby.

To realize
The value of one week:
Ask an editor of a weekly newspaper.

To realize
The value of one minute:
Ask a person
Who has missed the train, bus or plane.

To realize
The value of one-second:
Ask a person
Who has survived an accident.

Time waits for no one.

Treasure every moment you have.

You will treasure it even more when
you can share it with someone special.

To realize the value of a friend or family member:
LOSE ONE.

Posted by celeb2/business at 1:07 AM EDT
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Allstate has fired a manager because he expressed his Christian beliefs concerning homosexuality. Matt Barber was a manager in Allstate's Corporate Security Division. On his own time, and without identifying himself as an employee of Allstate, he wrote a column posted on several websites which was critical of same-sex marriage.

An outside homosexual group complained to Allstate about the column. Because of their support for the homosexual agenda, Barber was immediately fired and ushered off company property.

The message is clear: To work for Allstate one must not publicly express their Christian belief in the Bible's teaching on homosexuality. Barber was fired because he did. Homosexuals can criticize and condemn the Bible's teaching and they are welcomed, but Christians must remain silent.

To read the complete WorldNetDaily.com article, http://www.wnd.com/news/article.asp?ARTICLE_ID=3D44961

TAKE ACTION
Allstate has sent a message to all their agents: If you are a Christian and believe the Bible's teaching on homosexuality, you will be fired. While Allstate touts its diversity, that diversity does not include Christian beliefs on homosexuality.

First, send Allstate Chairman Edward M. Liddy an email to register your complaint demanding both a public apology and reinstatement for Mr. Barber with back pay.

Then call your local Allstate agent and tell him or her you will not be purchasing any insurance from them. You can find a listing of Allstate agents in your area http://agent.allstate.com/ Tell the Allstate agent you will tell your friends about their disdain for Christians who believe the Bible's teaching on homosexuality.

To Email Allstate Chairman Liddy Now! http://www.afa.net/Petitions/TakeAction.asp?id=3D134

Sincerely,
Don
Donald E. Wildmon, Founder and Chairman
American Family Association
P.S. Please forward this e-mail message to your family and friends.



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Posted by celeb2/business at 1:06 AM EDT
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