Grand Theft Auto 5 is the upcoming gaming title developed by Rockstar Games, set in the . Grand Theft Auto has been a perennial classic and the definitive gaming series for Rockstar Games, creating the modern urban sandbox game and similar gaming titles such as Saint’s Row. The release date for GTA 5 was originally planned at the beginning of the year in spring 2013, but was pushed back to September 17. Does moving release dates have any noticeable effect on the sales of video games?
Late Pass: Insurance for the Terminally Ill?
This is a guest post.
Uh oh. Not only have you put in decades of loyal service for a company that does not offer a life insurance policy to employees, now you have a terminal disease that has numbered your days. You always meant to get a life insurance policy at some point, but it was just one of those things that there was never enough money left for at the end of a month after bills, groceries and just enough fun to make worthwhile.
Your life is one that needs insuring to protect your family following the now-inevitable, but has that ship sailed? Is it possible to make up for lost time by obtaining a life insurance policy as a terminally ill patient?
You already know that insurance companies are experts at assessing risk. Each potential policy holder is effectively examined to determine their likelihood of living a reasonably long time, and a terminal illness is an obvious negative in this department.
Many insurance companies will be hesitant to offer a comprehensive policy that they know they will have to pay out in fairly short order, but you may be able to get a type of life insurance known as graded premium life insurance.
With graded premium life insurance, you pay a monthly premium to retain coverage. If your illness should terminate within two years, your family will receive all the premiums you have paid as a benefit. Should you last longer, the insurance provider pays the full value of the policy. This is a compromise that gives you the peace of mind that a life insurance policy can provide while allowing the insurance provider to minimize their risk.
These policies typically have cash values ranging from $10,000 to $50,000, so while they might not guarantee the permanent stability of your family, it will offer them much-needed assistance through what is sure to be a difficult time in their lives. Premium amounts vary by age and relative health, but generally the closer you are to qualifying for a payout, the more it costs to enter the lottery.
Life is unpredictable except for its certain end, and sometimes this reality leaves us less prepared for the future as we would like. Fortunately, a terminal illness does not make a person completely uninsurable in most cases. Of course, it is much easier and less expensive to get life insurance as a person who is not dying, so the best strategy may be to invest before your health becomes an issue.
Prepping for an Estate Sale
At the end of the month, we’re having a massive garage/estate sale. When my mother-in-law died, she left us a lot of stuff.
A lot.
Really, when I say “lot”, I mean it. When most people say they have a lot of stuff, they mean they’ve got a closet to clean out. That’s similar to looking at a “scale of the universe” app and comparing a grain of salt to the Oort cloud. We’ve donated several truckloads of blankets, jackets, and toiletries to a homeless shelter and more than 80 rubbermaid containers full of clothes to the Salvation Army. That’s on top of two dumpsters(big enough to park a truck in) full of garbage of things we didn’t think were worth salvaging. That has still left us with several rooms packed full of stuff.
When I say ” a lot”, I mean it in a visceral, oh-my-god-can-this-be-over-or-should-we-consider-arson kind of way.
Now, it’s time to get rid of the stuff that’s left.
The things that have sentimental value have already come home with us.
The things that look unique, rare, or collectible–like the 1970s Pepsi glasses–have been set aside for more research. They may end up in the sale, or on eBay, depending on what we find out.
From here, I think I can just follow my garage sale guide.
We’re going to run the sale on Friday, Saturday, and Monday of Labor Day weekend, to maximize traffic.
We’ll advertise in the paper and put up some signs. The house is on the busiest street nearby, so passing traffic should be high.
The nice thing about having an emptied house is that setup can be completely done ahead of time. We’re setting up tables and starting to price it all this weekend.
On the days of the sale, we’ll have at least 2 people working the entire time. One will be inside, while the other will be outside for the tools and furniture that are getting sold. Both will have money and be able to make change.
Outside, we’ll have the bigger pieces of furniture, tools, and some kid stuff to draw in passerby. Inside will be the appliances, jewelry, and the small and/or valuable items. We’ll only be setting up in the living room and dining room, with the back hallway and kitchen roped off, to control access and visibility.
We’ve got a bit of help available at different times over the weekend, so we should be able to handle the entire sale, including breaks, relatively smoothly.
Have you ever run an estate sale? Anything I’m missing?
Clearing Up Social Debt in 3 Steps
Debt can be thought of as a disease–probably social. Most of the time, it was acquired through poor decision making, possibly while competing with your friends, occasionally after having a few too many, often as an ego boost. Unfortunately, you can’t make it go away with a simple shot of penicillin. It takes work, commitment and dedication. Here are three steps to treating this particular affliction.
1. Burn it, bash it, torch it, toss it, disinfect. Get rid of the things that enable you to accumulate debt. If you keep using debt as debt, you will never have it all paid off. That’s like only taking 3 days of a 10 day antibiotic. Do you really want that itchy rash bloodsucking debt rearing its ugly head when you’ve got an important destination for your money? Take steps to protect yourself. Wrap that debt up and keep it away.
2. Quit buying stuff. Chances are, you have enough stuff. Do you really need that Tusken Raider bobble-head or the brushed titanium spork? They may make you feel better in the short term, but after breakfast, what have you gained? A fleeting memory, a bit of cleanup, and an odd ache that you can’t quite explain to your friends. Only buy the stuff you need, and make it things you will keep forever. If you do need to indulge, hold off for 30 days to see if it’s really worthwhile. If it’s really worth having, you can scratch that itch in a month with far fewer regrets.
3. Spend less. This is the obvious one. The simple one. The one that makes breaking a heroin addiction look like a cake-walk(My apologies to recovering heroin addicts. If you’re to the point that personal finance is important to you, you’ve come a long way. Congratulations!). Cut your bills, increase your income. Do whatever it takes to lower your bottom line and raise your top line. Call your utilities. If they are going to take your money, make them work for it. If they can’t buy you drinks or lower your payments, get them out of your life. There’s almost always an alternative. Don’t be afraid to banish your toxic payments. Eliminate your debt payments. This page has a useful guide to debt and how to clear it off.
Update: This post has been included in the Festival of Frugality.
You’re Gonna Die, Part 1
If you knew you were going to die tomorrow, what would you do today? How would you spend your last hours? Would you go skydiving before the chance evaporated forever, or would you spend the day talking with your loved ones?
If you knew you would die in a month, what would you do? Would you plan a trip to the one place in the world you’ve always wanted to see? Would you look up all the friends you’ve been too busy to see?
What would you regret? Is there something you have always wished you’d done, but have put off for some reason or another? Do you want to write a novel, or backpack Europe, or watch a shuttle launch? Far more people regret opportunities missed than those they’ve taken. If there is something that you could do that would let you die happy, take steps today to make that a reality. Remember that you are probably not going to die in a day or a month, but don’t let your entire life slip away without doing the things that matter most to you.
Our lives are short. Far too short to waste time on the things that add no value. Everything you do should advance your happiness, either short-term or long. That doesn’t mean you should waste your life pursuing hedonism. Lives need meaning. Chase that meaning.
Find out what gives your life meaning. What do you do that lets you go to bed with a smile on your face? Those are the activities that you should maximize. What is wasting your time? You can probably shut off the news and never miss it. It’s just too much information that doesn’t add anything to your life. Does obsessing over Charlie Sheen’s latest antics ad any value to your life? Take that time and write a screenplay, take a walk, smell a flower, hug your kids, anything that provides actual value for you. Don’t waste your life on meaningless activities that do nothing more than kill time. Time is the one thing we have that we will not get back.
Many people go to their deathbeds thinking, “I wish I had X.” What is your X? What would you wish you had done?
You’re Gonna Die, Part 2
You know that, at some point, you’re going to shuffle off of this mortal coil.
You will die.
Hopefully, you’ll have lived your life is such a way that the even won’t be easy for your heirs, but you can do a bit to make the process less painful for them. Do you want them gutting your house trying to find out if you have a will, or does the idea of a treasure hunt for a life insurance policy make you smile?
Assuming you don’t intend to sit in the afterlife giggling about how difficult you’ve made life for your offspring, the first thing you need to do is find a spot to put your important paperwork. This should, ideally, be a fireproof safe, which you can get for under $50. You’re looking for something big enough to hold the things that matter, while being able to withstand a bit of fire, in case the part of “Grim Reaper” is being played by an arsonist.
The next thing you need to do is put your important papers in the safe. Seriously, this beats both filing your insurance papers in a telephone book stacked in the corner and wrapping an envelope full of cash in a 10 year old newspaper and storing it with your recycling. It’s also superior to tucking an insurance policy in a coupon mailer and losing it the cracks of a chair.*
Important papers include:
- Your will
- Life insurance policies, including accidental death policies
- Bank account information, but don’t forget to remove these if you close an account
- Safe deposit box information
- Car titles and lien releases, if applicable
- The deed to your house
- Investment accounts
- Retirement accounts
Things that are not important papers for your heirs:
- The last 30 years of your monthly gas bill
- The last 30 years of your electric bill
- Home Shopping Network receipts
- Child support filings for your 33 year old daughter who has 3 kids of her own
- Coupon mailers
- Credit card offers
- 10 year old angry letters to the police department about that guy in the silver car who ran a stop sign in the grocery store parking lot
The final thing you need to do to make this all work is tell someone about it. Don’t hope somebody will find a book that has “In case of death, my will is here” scrawled inside the cover, buried in your kitchen. Really. And if that is your plan, don’t move the will later, without updating the book.
Your homework over the weekend is to gather up your important papers and put them in a box. Then tell someone about the box.
*I wish I was making this up.