Simple economics . . .

Well, it looks like my run as an internet blogger is coming to an end, due to simple economics.

When we first moved to this area, we had a fairly reasonable rate for internet service, and we were happy enough with the provider that when I cancelled my cell phone we called them up and got internet phone for the house, using the same number.  The main problem is that they have been the only broadband internet provider we could use in this area.

Over time our internet cost has escalated to where it is no longer affordable.  It is now nearly 50% higher than it was when we started with them, and the quality of service has declined noticeably.  The last 3 months in a row, the bill has gone up every month.  There is another provider that has started moving into the area, but they can’t provide service to our address yet.

So, I’m going to call Cox in a few hours, to see if we can get a slower package, or find some way to reduce our bill.  If we can’t, it will be time to pull the plug on our internet, and that might take our phone with it.

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Freaky . . .

After several days in a row with bad weather and migraine complications dumping on each other, I was desperate for some sleep yesterday as my wife left for work.

I actually went to sleep rather quickly – but it didn’t last long. About 2 hours later, I was sitting up from a dream that was so bizarre, and uncannily realistic, that I couldn’t get it out of my head. I spent the rest of the day playing video games to distract myself, yet even when my wife got back home, I still felt as if I’d just awakened from the dream.

It started off as simple as it was ominous. My wife had lost her job because the state had made huge cuts to it’s total budget for higher education. Because she’s tenured, her contract required a year’s severance pay, and she had a year to continue her work while polishing her resume’ and looking for a new job. Still, without a guaranteed income, we were faced with loosing our house. Then, out of the blue, I got a phone call from a childhood classmate. The little 1-traffic-light town I grew up in (founded by a war veteran just after the US Civil War) had lost touch with it’s roots, and I was the only honorably discharged veteran of my age group. In fact, there was only one other veteran my age, total. Such is the fact of life in a small town. So, they needed me to “come home”.

I told the caller that I’d consider the idea, but I had 2 conditions. First: I wanted a full-time job as a cop on the city police force, with appropriate benefits. The second was that there had to be a full-time job for my wife in the city annex of the county library (since the county seat is 24 miles away). It only took them 20 minutes to agree to both conditions. That was the end of the dream.

Then things got even more surreal. When my wife got home, she was fit to be tied. Just before she left work, the university president sent out an email to all university employees stating that, because of revenue shortfalls, the state was facing a $1.5 – 2 Billion financial crisis, and as a state regent’s college they had to be prepared to make some painful cutbacks.

I still didn’t get any more sleep until after 1:30 AM this morning.

More on Debt Freedom . . .

Back on December 16th, I wrote a long diatribe about the need to begin making the USA debt free, and that begins with making ourselves as individuals debt free. I’ve been researching this for the last 2 years, and have found some very usefull online resources that will help each and every one of us do just that – Barbara & I have already done it.

The very first thing you need to do is re-think your consumer debt. Basically, don’t use credit for anything. Why pay someone else 6% interest (or up to 24% on some credit cards) when the most you can earn in a savings account is 1.25%???? You automatically give yourself a net pay raise by just eliminating the drain of interest charges!

Next, make sure that you are “paying yourself first” every payday. That means that you are taking at least 5% of your GROSS pay (not net, or after-tax) and putting it aside for your future well-being. You don’t spend it for anything – this will be the money you use for your investments, once there is enough there to start investing. When you become debt free, increase this to at least 10% of your Gross income, and when your finances are better off, I’ve heard of people who pushed it up over 40%. It should be as much as you can comfortably afford to make it, but never less than 5% to start with. This isn’t the money put into Social Security for you by the government, either. This is money YOU set aside, YOU control, and YOU invest. This is about YOU being responsible for YOUR future.

Now, when you have money to invest, what do you do with it? Well, I have a few sources I’ve looked to over the past 3 years that have proven to be far more valuable than all the books, tapes, and self-help seminars put together. These sources are self-made multi-millionaires who made their money entirely by investing. I include contact info below so that you can check them out yourselves.

The first I would recommend is called “Early To Rise” – yes, it’s a daily, and it is edited by Michael Masterson.

To BECOME AN EARLY TO RISE MEMBER, please visit: http://www.earlytorise.com or email support@earlytorise.com

The next is called “Investment U” – and is edited by Dr. Steve Sjuggerud (the Dr. is because he has a doctorate in economics – not an M.D.)

Dr. Steve Sjuggerud is the editor of Steve Sjuggerud’s True Wealth and has been a member of the OC Investment Advisory Panel for more than six years. http://www.InvestmentU.com

If you would like more info about True Wealth: http://www.truewealth.com/

Good luck on making your dreams come true!