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March 19, 2005
A Family Affair
The President held a town-hall discussion in Florida yesterday that included his brother and his hyper-popular mother.
Naturally, the idea is to reassure all the retirees in the Sunshine State that their checks will continue to arrive.
I hadn't realized before that with a birthdate after 1950, I'll actually be eligible for the private accounts. Which will presumably have a much higher rate of return than Social Security.
But one doesn't want to count on either. My plan:
1) get rich (come one; how hard can it be?)
2) buy lots of real estate;
3) get richer.
I'm not saying there won't be some bumps in the road, but you have to admit that it's a solid gameplan.
(Via Lucianne.)
Don't wait until you're rich to buy that real estate, especially if you and your hubby are good with minor repairs, painting and, perhaps, landscape.
While my wife and I pissed our saleries away on raising kids a coworker of mine did the smart thing, bought a home, got some equity and leveraged that into going to the Sheriff's auctions and buying houses that needed repair, doing every bit of those repairs that they could themselves. By being somewhat careful about what they boght, the rent they collected was much higher than the mortgage payments. They usually built up equity fast enough that they eventually got to the point where they could buy two or three houses a year.
By ten years of this they were paper millionaires, by the time he retired from the Sheriff's Department at twenty they were actual multimillionaires.
Of course doing that will really cut into your blogging time.
There are some tricks that help a lot with their method, be choosey about the property you buy, get an early relationship with a bank, a real estate management company and a group of licensed contractors, electrical, plumbing, roofing and foundation.
They're rich, I've got a bunch of grown kids that never call. Sigh. Shoulda sold the kids to the Arabs back when they would have brought something.
"Let the issues be the issue.
About Joy W. McCann: I've been interviewed for Le Monde and mentioned on Fox News. I once did a segment for CNN on "Women and Guns," and this blog is periodically featured on the New York Times' blog list. My writing here has been quoted in California Lawyer. I've appeared on The Glenn and Helen Show. Oh—and Tammy Bruce once bought me breakfast.
My writing has appeared in The Noise, Handguns, Sports Afield, The American Spectator, and (it's a long story) L.A. Parent. This is my main blog, though I'm also an alumnus of Dean's World, and I help out on the weekends at Right Wing News.
My political philosophy is quite simple: I'm a classical liberal. In our Orwellian times, that makes me a conservative, though one of a decidedly libertarian bent.
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