Thursday, August 04, 2011

My advice to you...

Do not buy a house. Do not buy a house, or other permanent living space, unless you can pay 50-100% of the cost and can finance, if necessary, the rest at a loan for not more than 5 years.

In other words, if you have a ton of cash available because you've been making good financial decisions like staying out of debt and saving a big portion of what you earn and/or living a greatly scaled down lifestyle and you want to do something with the cash and you don't mind the risk of being tied down to one location for a while, then go ahead and buy a domicile.

Otherwise, seriously consider renting something sensible in the general area you want to live in. It doesn't have to be the perfect home; you are only renting and can move on to a better place pretty much any time you want. And forget about equity, which is a fool's dream anyway as many of us have learned over the past 20 years. Since your place is a reasonable size and the infrastructure is someone else's problem to maintain, you can be saving and/or investing (also a bad idea, but a lecture for another time) and keep your funds available and hopefully intact through lucre and not property.

Wednesday, August 03, 2011

Pro and Con for Joe


Pro - you are writing. You are probably writing with an audience of at least a few friends or family. You are writing and everyone's standards for this sort of writing are pretty low, because it's BLOGGING, for crying out loud. Teenagers without the ability to spell small pronouns do this. And because the standards are low, you are perhaps writing more often and more frequently and therefore getting better or maybe more comfortable and that's good for word production and creative stimulus. You are writing and the members of your currently small but with the potential for growth audience that love and support may provide visible support and that will encourage you to keep writing.

Con - you are writing words out into a medium that you really cannot control. There are ways to restrict viewers to your blog, but then you are undercutting one of the key aims - to get your writing out there where others can see it. You are writing and have to consider that your high school English teacher may see it (not mine, she died while I was in college and I'm still upset about it), or your mother may see it (and I know she will since she's a subscriber), or your boss (not likely), or a member of the community whom you do not necessarily want to see your true opinions on big life issues (also probably unlikely at this time, but it could happen). You are writing but may upset others with your writing and then have to consider whether this is the way you want to go with your writing endeavors.