Sharing photos, videos, vintage images I've discovered, and -- occasionally -- commentary and thoughts from retired life and travels.

finance

Mini-Depression?

February 27, 2009

store closing

February 27, 2009 — Watching the evening news, it sometimes appears as though the recession continues to spiral downward toward a mini-depression, if not  worse.

Store closures.

Massive layoffs.

Stocks indexes dropping to levels not seen in over a decade.

Bankruptcies.

Reductions in services.

Nonexistent availability of credit.

Continuing high rates of foreclosures and dropping home prices.

We live in an area that has seemed almost recession proof in all of the economic downturns since we moved here in 1980.  Yet, even here, there are empty stores as well as layoffs, foreclosures and higher unemployment.  On the other hand, there are new homes being built, businesses that are adding on or building new, and a few help wanted signs.

Most of the people we know, both here and elsewhere, are weathering the storm fairly well, though not all.  Quite a few people, including two of my brothers-in-law will have to postpone retirement because of losses in their savings and a nephew employed by Circuit City has lost his job.

So far, we have not been impacted, though we have changed some of our spending habits.  In these trying times, it seems better to be frugal and conserve what we have — just in case.

How are things in your area?  Have you made adjustments because of the economy?


Store Closing photo from flickr,  by dpicker, creative_commons creative commons licensing

Mini-Depression?

{ Comments on this entry are closed }

Payin’ down the house

August 6, 2007

Back on February 12, 2006, I posted the following. on an old blog that I am in the process of retiring:

Payin’ down the House

We’re starting to make a bit more on our AdSense ads than we need for paying for internet access, server fees, and other misc. costs and had just been chunking the Google check into checking, with no particular plans for the extra money. Last night, we were talking about my hoped for early retirement and all the different expenses we have to eliminate, reduce and otherwise get under control. Among all of the others was our remaining house payments.

As I was dozing of to sleep last night, the thought occurred to me that we could earmark whatever we get from Google for “payin’ down the house,” a little bit every now and again now to eliminate one more expense later. The way we’re using the money now, it just gets spent. This way, it’s earmarked for something specific and it’s extra money that we really haven’t budget for, so we won’t miss it.

As the year progressed, the momentum towards retiring grew.

We withdrew enough from savings to pay off the house and a couple of other bills.

And I retired at the end of February, 2007.

Comments on “Payin’ down the house”

August 6, 2007

Opal Tribble @ 8:31 am

Congrats Mike! You really should think about writing about the ways you have gone about doing this. I think you would appeal to a lot of readers. You’re approachable and I think you’ll get more to listen to you than some because they will see you as a regular guy who’s making it. Of course your way might not work for everyone but it’s another outlet for people to look at when they want to receive tips about Adsense.


A lost Exit78 post, recovered from Internet Archive WayBackMachine; March 2011


{ Comments on this entry are closed }

All three sell points triggered this week – above $100. Oh, well, at least I don’t have to worry about all of those eggs in that basket any more.

… and my tax on original cost is less that I had thought it was going to be.


A lost Exit78 post, recovered from Internet Archive WayBackMachine; March 2011


{ Comments on this entry are closed }

Target: $127 a share!

May 31, 2007

Entergy (ETRCramer’s TakeStockpickrRating) price target raised at Jefferies to $127 from $125. See higher wholesale power prices in Northeast. 2009 estimates upped to $7.90 from $7.55. Maintained Buy rating.


A lost Exit78 post, recovered from Internet Archive WayBackMachine; March 2011


{ Comments on this entry are closed }

I resolved one of Karen’s big travel concerns last week — and I must admit this fix does make it easier for me, too.

Navigating the truck and camper into some fuel stops can be challenging, especially for someone who doesn’t have a lot of experience towing something quite that large. I had been thinking about a possible solution that would alleviate this, but wasn’t sure how to go about it. Fortunately, the subject came up at one of the retiree breakfasts at Old South where I learned that Walt P____ had already implemented it on his rig as well as where he had it done.

My solution is a 45 gallon auxiliary fuel tank in the bed of the truck. I had it installed at a truck accessories shop in Adkins.

It’s a very simple setup. A line off the bottom of the tank runs to the truck’s normal fill nozzle. There is a ball valve and a check valve in the line. When the ball valve is open, diesel fuel will gravity drain to the normal fuel tank until it is full, when the check valve will stop the flow. (This gravity fill arrangement is prohibited for gasoline fueled vehicles because of flammability issues in an accident.) The tank has an overflow line to accommodate expansion if the fuel in the tank heats up.

A GM fuel system idiosyncrasy can cause problems when using an auxiliary fuel tank.

Apparently, based on fuel usage, the vehicle’s computer predicts when the tank should be empty and, at some point after that, shifts to run the engine in an economy mode, operating on only four cylinders. When running with the auxiliary fuel ball valve open, the level indication for the factory installed fuel tank will not change until the auxiliary fuel tank is empty, long after the engine would shift to four cylinders in operation. The resolution for this fuel system idiosyncrasy is simply to close the ball valve and let the main tank be drawn down and then, at the next travel stop, open the ball valve. The computer will see the rise in level as indication that the truck has been refueled and will reset its fuel tank usage calculation, as I understand it.

My plans are to operate. the valve periodically during the travel day.

Our fuel capacity will now give us at least a 650 mile range without refueling. This is quite a bit farther than we plan on traveling in a day. After we are at our day’s destination and have the camper unhooked and set up, we will refuel without having to navigate the camper through pumps and vehicles at the filling station.

—————-

Update 3/5/2011 – The fuel idiosyncrasy never materialized.  It seems that computer simply resets the fuel expectations each time the engine is turned off.  The only thing I’ve seen strange is that if the economy seems to be improving, at times the fuel gauge will suddenly drop from full to empty and the  low fuel light will come on – always when still running with fuel in the auxiliary tank.

We still have the truck, though we traded the fifth wheel in for a motor home in 2008.  The auxiliary tank comes in especially handy when diesel fuel climbs in price like it is currently doing.  I filled the tanks all the way up a couple of weeks ago when the price was $3.49 a gallon.  It’s now over $3.75 and, since I am not working during the Unit 2 outage, the low price fuel should last several more weeks before I have to refuel.


A lost Exit78 post, recovered from Internet Archive WayBackMachine; March 2011


{ Comments on this entry are closed }

A couple of month’s ago, we stopped at Jay Wellwood’s seafood restaurant in Conway, Arkansas. We had a good meal, a good visit, and, now, I’m finally getting around to posting about it.It’s called Joey’s Seafood & Grill and it’s not easy to find if your only familiarity with Conway is I40, US64 and US65. We didn’t find it the first time we tried to find it, so I’ve included a map of it’s location below. The address is 755 Club Lane.

From the corporation website:

  • Joey’s Seafood and Grill is the only one (seafood chain) catering to the quick casual pace in a full service experience for the seafood diner. It’s a niche with very limited competition and limitless potential.
  • Founded in 1985 by legendary seafood lover Joe Klassen, Joey’s Seafood and Grill is a fresh take on the cozy, neighborhood seafood restaurant.

image

Update: 3/5/2011 – Joey’s was changed to Mickie’s Bluefish Grill after our last visit there and, then, in late November 2009, the restaurant closed “mainly because of the downturn in the economy.”

Comments on “Joey’s Seafood and Grill, Conway, Arkansas”

May 1, 2007

Mark @ 10:04 pm

Thanks Mike,
I am enjoying exploring your blog.
Mark


A lost Exit78 post, recovered from Internet Archive WayBackMachine and updated; March 2011


{ Comments on this entry are closed }