Coffee heat rising

Today while the blossoms still cling to the vine…

Cassie the Corgi decided the crack of dawn was too late to start the day, and so began campaigning to spring to life at ten to five. Gronk! After wringing her out and finding myself still being importuned to get up, I put her on the bed, in hopes that would quiet her down. You don’t put a dog on the bed when you do that. You put a 23-pound puffball of fur on the bed — one that wriggles. So…we’ll be washing the bedding this morning, among other activities.

Precious few blossoms are clinging to vines here at the tail end of summer. When the power went out the other day, it shut down the irrigation timer, and so quite a few of the blossoming critters in my yard are parched. The weather has been surprisingly balmy this year: only a few 115-degree days. We’re supposed to have a heat wave this weekend, with temperatures predicted at around 110, although just now it’s quite lovely outside.

Thank goodness we get an “extra” paycheck this month! Last week’sfurniture-buying exploitoverspent my Diddle-It-Away savings by about $200. Truth is, the money could come out of ordinary cash flow, but that maneuver would engross this month’s payment into the Renovation Loan paydown fund. A couple hundred bucks out of the paycheck of the 29th will do no harm.

I vacillate between taking the $9,500 now accrued in the paydown fund and applying it to principal right now and keeping it in savings to double as emergency fund cash. One thing to be said for paying it toward principal right this minute is that it will keep me from spending it on anything else. Another thing, of course, is that it will cause a much larger chunk of the regular monthly payment to go toward principal, which would be good. On the other hand, with the economy as iffy as it is and the university busily laying off its employees, I hesitate to let those dollars out of my hands.

This is gunna be a hectic weekend. I’ve got to hand over an indexing project to my sidekick for proofreading no later than Tuesday noon; at the moment two chapters and an endless series of narrative endnotes remain to be marked up, and then I have to type, format, and organize the entries. That job alone will take at least an entire day. The author is paying us a premium to do a rush job, so in fact we each will earn more than enough to pay the extra $200 needed to cover the entire furniture adventure. But horrors! It requires me to (shudder!)work! Meanwhile, food needs to be purchased, laundry laundered, floors and furniture cleaned, pool tended to, yard plants rescued….where will the time come from?

TheHealth & Wealth rafflehas had its first two drawings. So far the organizers have not awarded me the million work-free dollars to which I feel I am entitled. One more drawing is slated for September 26. Surely at that time the money will be deposited to my checking account.

And so, to work.

If I won a million dollars . . .

All right. I confess: I succumbed to the impulse to buy a lottery ticket. A raffle ticket, actually, but the IRS regards it as a kind of lottery. For a hundred bucks, the Health & Wealth raffle gives you a 1 in 18 chance of winning something, most likely a $100 bauble. You get about a 1 in a zillion chance of winning a million bucks. The C-note you toss to the winds lands in the coffers of Barrows Neurological Institute, a world-class hospital specializing in brain and nerve injuries. So it’s far from a total waste.

Go ahead. Click on that link. I dare you to not buy a ticket. Just look at that Mercedes roadster, that stack of cash…hot dang! There are 106 cash prizes ranging from $500 to $1 million. Then there are the cars, which could be resold for hefty amounts. Some are so extravagant that even selling at a deep discount would leave you a nice contribution to the retirement fund: two Mercedes vehicles in one prize, a combined value of $154,000, a Jaguar, a Lexus hybrid. They’re giving away 24 cars plus a motorcycle and several other small contraptions.

There are also a couple of large TV sets that are probably worth a couple thousand. And all those trips. Questionable whether you could sell a Mediterranean cruise, but the contest rules allow you to donate your gift back to Barrows. Obviously, a $30,000 tax deduction would do good things for your finances. Indeed. That’s almost two years’ worth of taxes for me. All very nice. But what I’m going for is that $1 million bag of money. I want the million dollars.

So…let’s indulge our fantasies. What would you do if you won a million bucks? It would translate to about $500,000 net, after taxes were extracted.

Pour moi, five hundred grand would guarantee that I could retire and have enough to support a middle-class lifestyle through the end of my life-no matter how long I do live.

  • I could pay off the Renovation Loan instantly.
  • I’d probably keep my job for another two years, until I can collect Medicare, since I likely can’t get health insurance as an individual. But…that much cash in hand would allow me to take COBRA, which would carry me through 18 months. So I could quit about in December and go on COBRA until I can switch to Medicare.
  • I could sell my house and move to a better neighborhood.
  • I could move to Prescott.
  • I could move to Santa Fe!
  • I could pay off the mortgage on the Investment House and then sell it to my son, collecting principal and interest payments to support myself and then put in my will that the loan is forgiven when I die. This would guarantee that all he puts into it would come back to him as principal, should he decide to move…and then some, if he stays there until die.
  • I could send my son to graduate school.
  • I could give away one of those Mercedes Benzes as a gift on my blog.

Jeeminy. Light a candle to the Goddess!
Are you prepared for the day you win a million dollars? What’s your plan?