GUEST POST from Don – Sunk Cost Fallacy

To my readers:Hey!  Last year I shared “Christmas on Blurry Mountain” and several indicated they would like to see more about Blurry Mountain.  I am working on a prequel “The Unsettling” about the family which founded the farm on the mountain.  I’ve gotten them from Wales to North Carolina.  Am working on getting them to the mountains of Tennessee/North …
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GUEST POST from Don – Can I Retire?

CAN I RETIRE? Retirement requires a bit of math.  You’ll need to know your sources of INCOME?  Will you have a pension, business income (even sharpening mower blades), and Social Security?  The more “sources” of income the better.  Are you planning to live off your savings (see if you can delay that)?  You can’t retire until you know how much …
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GUEST POST from Don – Preretirement

PRETIREMENT Stage A – The 7 years before actually laying down the shovel and sleeping in.*Study everything you can find.  Make sure your investments are balanced.  Make sure your types of accounts are balanced.  Double check your future needs and wants.  Stay married or get married (it can be a financial boost).  Consider MOVING to another state… (FL, MS, PA, …
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GUEST POST from Don – Sinking Fund

SINKING FUND Businesses and organizations often create “sinking funds.”  That’s a fancy way of saying “We’re saving up for a huge expense.” This they do to reduce future financial problems, such as needing so much cash they have to take out a loan.  It also saves them on interest (business loans are a higher interest rate than …
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GUEST POST from Don: Settling Estates

(NOTE that Don’s guest posts will be shared on Sundays; however due to illness it is a day late this week.) The NEXT major problem for settling estates We just retired. We have no training in wills, estate planning or investments. However, before retiring my wife and I had to deal with several estate issues. …
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