Homeowners Insurance: To Claim or Not to Claim?
The answer to that question will go a long way toward determining whether your homeowners insurance will ultimately cost you more or even get canceled. Read more: http://ow.ly/3NMwc
If you hit the bulls-eye everytime, the target is too close….
Leaders understand that activity is not necessarily accomplishment… GREAT PASSION + CLEAR MISSION = FOCUSED ACTION (Acts 6:1-7). Enjoy!
A mathematical formula calculated by a British university professor has found that time actually is money. According to the equation, the average British minute is worth just over 10 pence (15 cents) to men and eight pence (12 cents) to women. The formula is: V=(W((100-t)/100))/C, where V is the value of an hour, W is a person’s hourly wage, t is the tax rate and C is the local cost of living.
It shows that there is no such thing as a free lunch or even a free dinner, while brushing your teeth for three minutes uses up 45 cents in “lost” time, and washing a car by hand has a hidden cost of $4.50. The formula allows people to figure whether they are getting a fair rate for overtime, or judge the financial cost of takeout vs. the time it takes to cook dinner, or the cost of using a taxi or the bus. In Britain, the formula means that an hour for a man on average earnings is $8.99/ hr. which is very close to the American minimum wage. The study found that the typical cost of cooking dinner, including the value of time spent and ingredients, was $15.72. The average cost of ordering a take away meal was $7.31. By looking at salaries against taxation, the cost of living, and regional variations, we can see how much an hour of our time is worth whether at work or home. One can now understand why people are paying to save time, like having someone to cut the lawn or clean the house.” (CNN, 5/29/02)
I never advise my clients to pay off their home, why…. because you lose your tax write-off, and you could tie up your cash in a depressed market. The mortgage interest deduction is the single largest credit an individual can take on the tax return. It often offsets tax liabilities. Click the pic to read full CNN article.
On April 18, 2011 HUD will increase the Annual Mortgage Insurance Premium by 25 basis points. This will increase the monthly payment of FHA borrowers whose case numbers are assigned on or after April 18, 2011. Here’s the feds again, making it harder to obtain “the American dream”. Sounds more like a “dream deferred”.
Set your home thermostat too high and your furnace wastes money. Set your water heater thermostat too high and your washing machine, dishwasher and every faucet in the house wastes energy. Worse, you or your family could suffer serious burns. Each year about 3,800 injuries and 34 deaths occur in the home due to scalding from excessively hot tap water, according to the Consumer Product Safety Commission (CPSC). Try these strategies for being smarter and safer with hot water. To read more click here.