Wednesday, June 15, 2011

Wednesday 6/15/2011

Wednesday

Wrote this this morning and forgot to post it, lol.

The boasting and gloating is over. That's exactly what I call those people that picketed the Wisconsin state house and finally "won" a victory through a judge. They now lost, though I don't wonder if the thing will be pushed through to a higher court.

From what I have seen of unions, at least the ones in the news, they are extremely petty, extremely selfish and have no interest whatsoever in the companies or entity's well-being that they are working for.

They don't seem to care even if it pushes a company to the point of bankruptcy or even insolvency in their actions to strike against companies because of "unfair" benefits or not enough pay. These people seem to live in la-la land - the economy has tanked, there are millions of people out of work, yet here they are, pushing their agenda: we are unfairly paid and we want MORE!

Join the rest of the crowd - the people that aren't in unions and fend for ourselves. I don't get a pension when I quit my current company. I don't expect to have X amount of percentage added to my pay every year, though I will certainly fight for it. These people, however, are "entitled".

The thing that got me on the fast track to greatly disliking unions is when that Boeing machinists union, I think it was, effectively shut down a giant company who losses because of it were in the hundreds of millions of dollars range.

Whatever. I upped my deduction for 401K earlier this year to 5% and am considering either adding 2 more percent to it or doing a 2% automatic savings plan. There is so much on the internet now from all kinds of sources saying we simply do not save enough money and we end up getting caught red-handed at the "end" - retirement years - meaning having to work longer and longer. Well, frankly, I have no guarantees that I am going to be physically CAPABLE of working at the age of 70, and to be even more frank about it: I am sure I won't WANT to work a full-time job at that age.

It means, to me, that I am going to really have to get my deductions up to at least 10%. I'm beginning to sweat this one: I'm 47 years old and I only have 12k in my retirement account. By now, I should have 200k or more in savings.

I don't know what else to do - at least within my means. I've thought about having another structure built on my property - either a rental unit or my new living quarters and either rent that out or rent out my master bedroom. Take that money and save it. I could get $500 per month for my master bedroom because it has it's own bathroom and walk-in closet, something that people really like and will pay more for.

To that end, I am going to start getting all my tax documents re-assembled and get into an accountant's office and have redo everything and get my money out of that house fire. I'm guessing we're talking another 10k.

Further, there are all kinds of out of work carpenters looking for rooms to rent for free or greatly reduced in exchange for work around the house. As long as they could prove that they are who they say they are in the realm of expertise, the carpentry for the structure would be very cheap. The biggest expense would be the materials and the plans that would have to be submitted to the city along with permits.

This is an idea that is getting more of my attention. With cheap labor plus some of my connections for materials - I work for the company that is the largest, contractor's plumbing supply outlet in the country, or if not, certainly in the top 3, and the fact that I get all that material at cost, the numbers go down in terms of costs.

There is quite a bit of plumbing both in a house and leading up to it.

This is no longer a pipe dream with the money that I already have from taxes and the money I am looking at getting. The other option is to looking at getting another property entirely. Such as the one across the street.

Well, no time to go into all of that now, just something that is "swirling" around in my head and gaining traction as I am finding my paperwork and thinking about getting something going. I don't trust that the money I am going to earn from work and save is going to be enough for retirement, I never have and I have to find some other means to get me there.

_____________

Home from work. At a 260 calorie sandwich this morning, but sorta blew it on around 500 calories of something else later on. Well, that still isn't that many calories, really. I went for a hike up into the mountain after work. Nice and hot out there. No one else hiking in those conditions!

That's it.

G'day.

ben

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