This coming Monday, 1/3/11, go to the bank and rip the money out of my IRA and stuff it into my savings account with the funds I’ve saved up to pay land taxes with. That will give me more than enough to draft out the cash I need to pay the land taxes. Especially as I’m only $120 away from having it already. That $120 won’t be taken out until the 15th however.
But with the taxes already paid I can instruct the bank to make the deposits to my savings from checking $140 starting with the one this month. That should give me a little over what I need to pay taxes next year. Even if I spend all of the IRA money (less the amount needed to finish off paying the land taxes, of course) that is left after uncle sugar gets his out of it.
Otherwise, I will have to have the bank pull $150 from my checking into my savings for next years taxes for the months of Feb. through Dec. just so I can have a little more than enough to pay the same amount again. That would give me the leeway of another full month (January) to get any extra on the tax bill into savings. Unless I’ve left almost every cent the government leaves me of that 21 thou in savings and not spent it, just so I can have that cushion against higher land taxes.
Oh, yeah. The bank will be getting a chunk of that IRA as well as I won’t be waiting until the 8th of March when it’s officially time to decide if I want to keep it there or roll it somewhere else.
But with the taxes already paid I can instruct the bank to make the deposits to my savings from checking $140 starting with the one this month. That should give me a little over what I need to pay taxes next year. Even if I spend all of the IRA money (less the amount needed to finish off paying the land taxes, of course) that is left after uncle sugar gets his out of it.
Otherwise, I will have to have the bank pull $150 from my checking into my savings for next years taxes for the months of Feb. through Dec. just so I can have a little more than enough to pay the same amount again. That would give me the leeway of another full month (January) to get any extra on the tax bill into savings. Unless I’ve left almost every cent the government leaves me of that 21 thou in savings and not spent it, just so I can have that cushion against higher land taxes.
Oh, yeah. The bank will be getting a chunk of that IRA as well as I won’t be waiting until the 8th of March when it’s officially time to decide if I want to keep it there or roll it somewhere else.
OR
I’m sure the bank would be much happier if I pulled $120 from my A-line account and used that to get the taxes paid earlier. It would take me about two months to pay that loan off. I could still have the bank up the amount going into savings to $140 this month so I could have the tax money saved up by Dec. I’d be pinched for the next two months but it’d work. Then I could wait until March 8th to rip that cash out of the IRA without having to pay the bank didely. I would only have to pay the IRS.
I’m thinking the last paragraph above is my best bet. Even if I decide to leave my IRA totally alone.
Now another question I need to answer.
Okay. Let’s say that I do rip that money out of my IRA come March 8th , knowing that it will be less because the gov. will get it’s share! What do I do with it. Why am I taking it out instead of adding to it like I am to my savings account?
Well, duh. I’m not adding to it as I am to my savings account because I just don’t have the bucks! Unless I win that PCH money between now and then! (HA!!)
Ummm. Another thought just intruded. What if I stashed the savings account money into the IRA then drew enough out of it to pay the gov. taxes on the IRA funds and the banks fee for early withdrawal of funds. Then told them to stash that $140 in the IRA instead of a savings account? Ummm. No. Probably would not increase my IRA’s earnings enough over the next year to make it worth it. Or would it? Guess I’ll have to ask the bank folks and hope they don’t finagle me.
Okay. Let’s just say I will get that cash out of the IRA. To what end?
I need a more reliable truck. Or some other kind of transport that can haul at least 6 bags of feed and a couple of square bales. I need a way to get out into my pasture, damn it! I haven’t been out there in at least 2 or 3 years!!
So that would be a good used truck or SUV and maybe an electric golf cart or gas guzzling 4 wheeler.
Could I profit from this? I see no particular profit in this idea other than making me feel better.
So that would be a good used truck or SUV and maybe an electric golf cart or gas guzzling 4 wheeler.
Could I profit from this? I see no particular profit in this idea other than making me feel better.
OR
Go back to college, to TAMU-C and get yet another degree. This time in Environmental Science. And go to those Permaculture classes in Ft. Worth. How would I USE that though. I’m sick of never using any of my degrees!! Sick of wasting the time and money used getting them. I’d still need a reliable ride and maybe DSL to take those on line courses I’d likely have to have.
How could I profit from this? I could agitate for a Permaculture course to be taught at TAMU-C or at one of the nearer Jr. Colleges with me as the instructor. If I were officially and legally a Permaculturalist (?) I could teach classes in it here in Hunt County, or actually do design work as a Permaculture designer (or whatever they are called), and be paid for it. I could offer my services to Lone Oak at a reduced rate. I could also maybe apply the Permaculture stuff to my place in a more rational and organized manner (with better knowledge of what to actually do), and thus reduce what I have to pay for power, food and water. Becoming more sustainable and independent myself.
How could I profit from this? I could agitate for a Permaculture course to be taught at TAMU-C or at one of the nearer Jr. Colleges with me as the instructor. If I were officially and legally a Permaculturalist (?) I could teach classes in it here in Hunt County, or actually do design work as a Permaculture designer (or whatever they are called), and be paid for it. I could offer my services to Lone Oak at a reduced rate. I could also maybe apply the Permaculture stuff to my place in a more rational and organized manner (with better knowledge of what to actually do), and thus reduce what I have to pay for power, food and water. Becoming more sustainable and independent myself.
OR
I could just haul off and do what I presently see as what needs to be done to my place to make it sustainable with that money. I could put a metal roof on the house with a rain water collection system added to it. I could top that with some solar panels and a small windmill out between the barns. There would of course be rain water collection systems put in place on every metal roof on my land. Ummm. Might not have quite enough for all of that.
Where would I profit from this? Save money on water/sewer bill. Maybe, if I demonstrate that I have pared down to zero trash I can get out of paying the garbage pick up. I’d Grow a lot of my own food and thus not have to spend money for it. I’d also slash at least some off of my power bill
Where would I profit from this? Save money on water/sewer bill. Maybe, if I demonstrate that I have pared down to zero trash I can get out of paying the garbage pick up. I’d Grow a lot of my own food and thus not have to spend money for it. I’d also slash at least some off of my power bill
OR
I could just chuck it all and go on a cruse or a trip to somewhere I’ve always wanted to go. Maybe buy a Motor home and go to all of the National Parks I’ve always wanted to see. Taking along a lot of empty canvases and full pant bottles with more than enough paint brushes, etc. Who knows. Maybe I could sell what I painted. I’d certainly have to do something with them as I have no freaking place to store them.
OR
I could decide to really go big into the goat biz. Buy electric fencing that I can move easily, along with equally mobile watering/feeding troughs, and shelters (igloo dog houses?), and start advertising to “clear your overgrown, brushy, bramble ridden land and organically fertilize it in one week to one month depending on the size of the land.” Then where ever the land is, I go out, set up the electric fence around it, put in the dog houses, and the water troughs; then add the goats, and let them get to work. I could use the doe’s and kids only, holding the boy back for working on cleaning up my place.
What would I need? Besides the fencing, the dog houses, and the water and feed troughs? Something to keep the kids from sliding under the fences. Perhaps a solar charger for the battery that would run the fence. A reliable vehicle and trailer to move all the equipment and the goats. Some occasional help. (Hell! I’d need a strong and physically active partner!)
I’d also might have to cut a fence line around the area the customer wanted cleared. A clear place to set up the electric fence. Then depending on how long the goats had to stay there I’d have to mow along it to keep it clear, and the fence working. Unless the customer already had a goat proof fence. Might be smart to also have a guard donkey.
Would I need insurance? In case something; like a coyote, feral dog or bob cat got to the goats, or the goats got out, and hit by a car/truck, or ate a car/truck/garden.
What would be my profit? Where could I pull in money from such and operation? From renting out my goats as organic land clearing machines. From having to feed them less. From selling baby goats I didn’t want to keep. (All the male ones. )
He he he. I could get two big castrated male goats to keep the smaller breeding billy company. And then try to train the big ones to pull a small cart. A small cart I could use in parades or around town just to advertise the business.
What would I need? Besides the fencing, the dog houses, and the water and feed troughs? Something to keep the kids from sliding under the fences. Perhaps a solar charger for the battery that would run the fence. A reliable vehicle and trailer to move all the equipment and the goats. Some occasional help. (Hell! I’d need a strong and physically active partner!)
I’d also might have to cut a fence line around the area the customer wanted cleared. A clear place to set up the electric fence. Then depending on how long the goats had to stay there I’d have to mow along it to keep it clear, and the fence working. Unless the customer already had a goat proof fence. Might be smart to also have a guard donkey.
Would I need insurance? In case something; like a coyote, feral dog or bob cat got to the goats, or the goats got out, and hit by a car/truck, or ate a car/truck/garden.
What would be my profit? Where could I pull in money from such and operation? From renting out my goats as organic land clearing machines. From having to feed them less. From selling baby goats I didn’t want to keep. (All the male ones. )
He he he. I could get two big castrated male goats to keep the smaller breeding billy company. And then try to train the big ones to pull a small cart. A small cart I could use in parades or around town just to advertise the business.
OR
I could choose to become a ‘professional’ writer. Use the money to get DSL put in and maybe an extra ‘business’ phone line. The problem there would be the continuing costs associated with that. Then I could get another, top of the line computer loaded with the same kind of programs as those of most publishing houses use. Plus one that will let me switch or translate formats from what one publishing house might want to what another uses. I could dive in and actually research these folks and find the one (or two!) that might be the best fit as well as an agent. I could also use some of the money to go to some of those writers events. Hell, maybe even a comic con or two.
Where would any income come from in this? Book sales. Speaking tours…Uh-oh. I’d have to take a class or two in public speaking for damn sure. And of course that magic word : residuals. Trouble is this would take some time. Maybe more to get started on than the goat idea.
Where would any income come from in this? Book sales. Speaking tours…Uh-oh. I’d have to take a class or two in public speaking for damn sure. And of course that magic word : residuals. Trouble is this would take some time. Maybe more to get started on than the goat idea.
OR
I could just leave that money where it is. Keep the status quo. Keep the truck I’ve got, the computer I’ve got, the situation I’m in.
Problems with that? This house in uninsured because I haven’t got the extra income needed to pay for insurance. I also haven’t got the extra income to make even the minor repairs that already are needed. I can’t afford to pay anyone to mow my front yard and I haven’t the money for the stuff to set up the irrigation system I’d need to turn it into an edible garden, much less for the stuff I’d need to get what can’t be found, made, or southern engineered into what I’d need for such a garden. Not to mention the seeds and / or plants. I doubt that truck of mine will last, besides with gas going up I won’t be able to afford to drive it much longer anyway. It’s also obvious that this health insurance company I’m with is likely going to keep raising it’s premiums on me and that the government will likely never raise what it pays me again. I wouldn’t be surprised if it decided to cut all SS payments. (After they gave themselves another raise, of course, for being so fiscally responsible!) Therefore, I have to get some more money SOMEWHERE! And I’m way to old to sell my ass on the street corners. There fore, despite the risks inherent in all of the idea’s above I HAVE TO DO SOMETHING!!!!
Problems with that? This house in uninsured because I haven’t got the extra income needed to pay for insurance. I also haven’t got the extra income to make even the minor repairs that already are needed. I can’t afford to pay anyone to mow my front yard and I haven’t the money for the stuff to set up the irrigation system I’d need to turn it into an edible garden, much less for the stuff I’d need to get what can’t be found, made, or southern engineered into what I’d need for such a garden. Not to mention the seeds and / or plants. I doubt that truck of mine will last, besides with gas going up I won’t be able to afford to drive it much longer anyway. It’s also obvious that this health insurance company I’m with is likely going to keep raising it’s premiums on me and that the government will likely never raise what it pays me again. I wouldn’t be surprised if it decided to cut all SS payments. (After they gave themselves another raise, of course, for being so fiscally responsible!) Therefore, I have to get some more money SOMEWHERE! And I’m way to old to sell my ass on the street corners. There fore, despite the risks inherent in all of the idea’s above I HAVE TO DO SOMETHING!!!!
But what!? Pick one? Mix them up and do two at once or try to? The only thing going for me right now is that my little heard of six goats has, in the last week of December, doubled in size with the addition of six cute little kid goats.
Anybody want to buy a baby goat for Easter? For Valentines?
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