Hey, I just met you, and this is Lazy... get these fast finance fixes and mail me, maybe?

Emptying the Recycle Bin of My Mind

Written by

Over the last few weeks, I've been collecting some links and thoughts. It's time to finally clear up some Firefox tabs and put them out there.

  • I can't decide what is better, having Monday off or the quick week that follows it.
  • I can't decide what I find more depressing... the title of Social Security healthier than your 401(k) or the information inside the article that assets will be exhausted when I turn 61 (2037).
  • I've been loving CNET's Cheapskate. If you love technology, the site is either evil or a godsend. It's evil if you are trying to control your spending. It's a godsend if you are already spending a lot on technology and want to save some money. With $60 GPS systems and $133 Blu-Ray players, I almost buy something every day.
  • The next 8 days are going to pass really slowly. The Palm Pre can't get here fast enough. I'm readying the iPod tombstone. Then again, I often exaggerate rumors of death
  • I find Madonna's $10,000 a month water habit amazing. The water itself is $5 a bottle. I wonder how much the shipping is. If it was free, she'd go through more than 66 bottles of water a day. Even if the shipping is $5 a bottle, that's over 16033 bottles of water a day. There's a limit to drinking water to lose weight (not that she needs it).
  • Watching television yesteday, I shed some man-tears for Tony Rakoczy. Today we found out that it was his ex-wife, Bonnie Sweeten, that abducted their daughter. I can't imagine how you could go through more extreme emotions in 24 hours than he did. It's been rumored that financial problems might have been behind the abduction. File that as reason 57,932 why to have your financial house in order...
  • ... but be careful not to go overboard with that financial house. I suppose that "overboard" is relative to where you live. For instance, a little domestic violence is acceptable for spendthrift wives.
  • When I hear that song, it gives my ears hell. Truth be told I'll miss it when it's replaced with another top 40 hit. Truth be told I'm lying. :-)

Posted on May 28, 2009.

This post deals with: ... and focuses on:

Random thoughts

Don't forget to these five minute financial fixes to save thousands!

10 Responses to “Emptying the Recycle Bin of My Mind”

  1. Jim says:

    “that assets will be exhausted when I turn 61 (2037).”

    In 1997 they expected the trust funds to run out in 2029. Now 12 years later we’ve got until 2037. If that trend continues in 2037 they’ll be saying it will run out in 2057.

  2. Lazy Man says:

    Except for the fact that (according to the article) last year assets were expected to be exhausted in 2041… this would mean things are moving in the wrong direction.

  3. I wouldn’t worry too much about the title of the Social Security article. It’s a moronic and shortsighted article.

    I wish I could find it again, but there is a place on the SS web site that has tables to show you projected rate of return based on age, earning, and marital status. For my situation, I think it was something like 2.3% (note: this is the return on the combination of the employee and employer shares).

    If I stumble across the table, I’ll post a link. I’m just not able to figure out the magic Google combination today.

    Over the long term, my 401(k) is going to blow that away.

  4. Matt says:

    Having a hard time following your math on Madonna’s daily water usage.

    Am I missing something.

    At $10 bottle (after shipping), isn’t that 1000 bottles/month or 1000/30 = 33 bottles per day?

  5. Lazy Man says:

    Yep my math was faulty. My original number saying that it was 330+ bottles was off. That lead to the poor math of the 160 bottle number.

    Still, I would think that 33 bottles a day is a little excessive.

  6. Traciatim says:

    “I can’t decide what is better, having Monday off or the quick week that follows it”

    You know what’s even better… taking Wednesdays off. No one really expects it, but it’s pretty similar to taking the whole week off. Monday you come in and just ramp up catching up from the weekend. Tuesday you are ramping down already making sure work gets taken care of on Wednesday, then you’re off. Thursday-Friday is just like Monday-Tuesday. There are never any peak days all week long, it’s fantastic.

  7. Traciatim – you’re right about Wednesdays. With my work schedule, I get 1 day off every two weeks. It’s Mondays now, mostly because with a family, Monday (or Friday) make the most sense. When I was single, I took Wednesdays off for a while. Having 2 mini weeks was nice.

  8. Matt says:

    “Still, I would think that 33 bottles a day is a little excessive.”

    True. But when I first read it, I was thinking, “How is that even possible to drink 160 botles in one day, everyday?”
    33 bottles is a lot of water, but at least it seems possible.

  9. Jim says:

    Lazy, yes the SS funds have been moving in the wrong direction. But keep in mind this is a projection about what will happen 3 decades from now. A decade ago they were guessing a number that they’ve since decided was a decade off. Its got a big margin of error. If their guess 10 years ago was 10 years wrong then what confidence should we put in their guess today?
    This number is also based on moderate assumptions about the economy. If the economy performs a little better then we’ll never run out of money.

    If/when SS trust does run out of money that doesn’t mean SS benefits will stop. They’ll just not be able to fully fund the obligations without taking out debt (they aren’t shy about doing that) , reducing benefits or raising taxes.

  10. Lazy Man says:

    I don’t know if I’m that concerned about them getting it right by a year or two. I’m sure the projection won’t be entirely accurate. Yet, I’d like to see a plan in place that secures assets won’t be depleted for those paying into the system now… and it should project for a lot longer than that.

    The article was quick to mention that SS wouldn’t stop… just that the current assets would be depleted.

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous: Pathetic Propane Portions
Next: Last Day For CollegeAdvantage Free Money (and Some Personal Finance Links)
Also from Lazy Man and Money
Lazy Man and Health | MLM Myth | Health MLM Scam | MonaVie Scam | Protandim Scams | How To Fix | How To Car | How To Computer