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Taco Seasoning

A few weeks ago, Edward at If You Can Read, You Can Cook sent me a jar of his taco seasoning to try.

Yum.

He’s got four flavors: hot, medium, mild, and sweet cumin. Since I’m the only one in my family who likes spicy food, I asked for the sweet cumin.

This is a jar of pure taco flavor, without any of the burn. Tacos, burritos, omelettes, or Rice Krispies, nearly anything could benefit from a dose of this stuff.

Seriously, we’re done with the little paper packets from the grocery store. From now on, Edward is getting our taco seasoning business. We do large batches of tacos 2-3 times a month, so I’m looking forward to trying the other flavors, too.

http://www.ifyoucanread.com/if-you-can-read-you-can-cook-taco-seasonings-original-page-2/ I was not compensated for this post, other than getting a free jar to try. It’s just good.

Becoming a Landlord

Business

Over the weekend, I had some family and friends over to my mother-in-law’s house to price things–thousands of things–for the upcoming garage/estate sale. If you’ve ever felt a need to own 30 identical paring knives, you should stop by.

While we were over there, I had my contractor look at the house (Thanks, Dad!). Shortly after the sale, we want to start working to bring the house up to date.

Here’s the list of repairs so far:

Replace storm windows all around the house, since all of them have had the screens and screen frames vanish.
Trim the windows that are missing trim and replace the trim on the windows that have oddly colored trim.
Put locks on all of the windows.
Trim the window between the kitchen and the living room that used to be an actual window. Add a shutter.
Trim the archway between the dining room and living room.
New linoleum in the kitchen.
Remove two cabinets in the kitchen to open up counter space.
New ceiling panels in the kitchen.
Sheetrock and plaster repair all over the main floor.
Remove linoleum from the dining room.
Sand/buff/varnish hardwood floors under the dining room’s linoleum.
Replace attic access panel.
Seal bathtub surround.
Replace front screen door.
Replace back door
Install ceiling tiles in basement.
Finish basement bathroom.
Finish basement walls. They are sheetrocked, but not mudded, taped, or painted.
Paint basement floor.
Paint basement steps.
Paint the entire main floor.
Install spare cabinets in the basement for a utility area near the washer and dryer.

While that’s happening, we’re having the outside landscaped. We also need to take the city-mandated landlord class and file for the business license that will allow us to rent a property that we aren’t inhabiting.

The good news is that we have potential renters already. Assuming they are still ready to shack up when her lease is up in February, we won’t have a tenant hunt. My wife has known the couple for years and is positive they’ll be responsible people. If not, that’s what a security deposit is for.

A Problem With Life Insurance

Finance

It’s pretty common for someone to buy a life insurance policy and make a minor child or grandchild the beneficiary.

English: $10,000 life insurance policy for Pre... — English: $10,000 life insurance policy for President James A. Garfield, the twentieth President of the United States. Discovered in a family scrap album dating from the late 1800’s. (Photo credit: Wikipedia)

Bad idea.

The reasoning is usually something along the lines of making sure the money goes with the kid, no matter where he ends up, but that money is mostly worthless until the kids grows up. With the UGMA/UTMA (Universal Gift/Transfer to Minors Act) laws, depending on your state, it can be nearly impossible to access that money or use it for the support of the child.

For example, in Minnesota, I would have to go through the following steps:
Complete a Petition for Appointment of Guardian and Conservator with a $322 filing fee and request it be reviewed without a hearing.
Notify any interested parties.
Consent to and pay for a background study.
Establish a custodial account at the bank and maintain separate accounting for the money.

That’s just to access the money. As a conservator, I’d be able to use the money for “support, maintenance, and education”, but that does not include investing in a 529 college fund. I could theoretically invest in ultra-conservative growth funds, but if the investments shrink, I could be on the hook for the difference. I’d be a “conservator”, charged with conserving the asset.

After all of that, when the kid turns 18 (or 21 depending on the setup), the money is his to do with as he pleases.

Have you ever met an 18 year old who made really good decisions about money? I had a friend who had a settlement trust pay her a lump sum at 18, 21, and 25. Each time, she bought a new car and partied with her friends for a month before the money was gone. That was nearly $100,000 down the drain.

It’s a much better idea to visit an attorney and set up a trust. Make the trust the beneficiary of your life insurance policies. Then, define who will be the trustee under what circumstances. That way, you can make sure your kids and grandkids can actually be supported by your money.

Dreams

Finance, Life

Ever since she was a little girl, my wife has wanted to be a horse. Err, work with horses.

The problem is that most jobs working with horses pay horse-crap. It’s hard to raise a family on a stablehand’s income.

Her alternative was to own horses. This comes with a different set of problems. The biggest problem is that we live on 1/8 of an acre in a first-ring suburb. That’s not a lot of room to graze, though I would be willing to give up my spot in the garage.

I rock like that.

Boarding a horse costs a minimum of $200 per month. Two girls means two horses, otherwise, they won’t both be able to score in the saddle club. For the math challenged, that’s $400 per month, plus about $300 in preventative vet care per year.

$5100 for a year of boarding an extremely obsolete car.

Then, you need a trailer to get the horse to shows. You need saddles and reins and and short-legged stirrups and feedbags and muck-rakes and brushes and combs and hoof-cleaning-thingies and other stuff that will catch me by surprise for years to come.

Expensive.

My rough estimate is that it costs at least $10,000 to get into horse ownership, and that’s not counting the horse itself.

You can buy a horse for well under $1000 if you aren’t concerned about registration or speed. A 15 year old horse can last 10-15 more years, so it’s not money down the drain.

That’s $12,000 to get in and $5100 per year to stay in. Minimum.

Never let it be said that I’m not a pushover. Last month, we bought an SUV that can pull a horse trailer. Last weekend, we bought the trailer. That’s two major steps towards making my wife’s dreams come true. The rest of the plan culminates in a hobby farm in the sticks.

There are several steps in between.

I just need to put the brakes on every other step. We’ve been offered the free use of one pony next season, and we may be able to get another for the same price. Beyond that, we need to be patient. There will be no ponies purchased until the new truck and old mortgage are paid.

Period.

My Favorite Present

Parenting

My favorite Christmas present this year was the one I gave to my 13 year old son.

Allow me to walk you through his evening….

First, he opened one of his presents. It was just a small box, about 3 inches by 4. A Japanese puzzle box. Inside the box was a note that read:

Closed off in the smallest room you will find a clue to bring you closer to your prize.

When he checked the cabinet below the sink in our basement bathroom, he found another note that sent him to my business website one a page with a url that contained “the square of my children”. When he eventually figured out that I meant their ages, not their quantity, he found a clue on my website.

This lead him to a section of his Minecraft server. It’s effectively a no-man’s land because he and his friends set off a nuke and turned it into a giant pit. They fall down and die there. Inside the pit was a cave. Inside the cave was a clue. The clue read:

Grandma and Grandpa love you.

What do you do when someone says they love you? You either get scared of the commitment and end a perfectly good relationship, or you say “I love you, too”. When the kid finally called his grandparents to tell them he loves them, they told him to give his parents a kiss.

I’m a jerk.

He came over and gave me a hug and a kiss. I handed him a piece of paper. When he looked at it, he asked if it was supposed to be torn in half. I reminded him that he has two parents, so Mom got a hug and a kiss, too. The resulting clue read:

The Answer to the Question of Life, the Universe, and Everything

Naturally, this points to The Hitchhiker’s Guide to the Galaxy, but the boy hadn’t read far enough into the book to understand the reference, so he had to hit google. After spending time looking for chapter 42, he finally thought to look at page 42, which had this clue:

My Little Pegasus

Two steps to the right

Two steps forward

Two steps up

This clue started at the My Little Pony I set next to a Pegasus in my daughters’ room. The boy was in dense mode because he had to ask his sister what a Pegasus was. She also had to suggest he open the closet door when one step forward made him bump his nose on it.

For all of that work, he got the Ticket to Ride game. He laughed the entire way through the treasure hunt, then decided he hated the whole process. However, for two nights running, he’s stopped the video games to play his new game with his family.

It’s a present he’ll remember forever.

Oklahoma Tornadoes

News

English: A radar image of a supercell thunders... — A radar image of a supercell thunderstorm, which was producing tornado that was passing through Moore, Oklahoma at the time of the image. (Photo credit: Wikipedia)

My heart goes out to all of the victims of yesterday’s tornado in Moore, Oklahoma.

I couldn’t imagine hearing that my kids’ school was demolished around them. Twenty or more dead children in any community is devastating.

On top of the sheer horror of dead children, the town is nearly wiped off of the map. Will they rebuild or cut their losses?

I hope everyone in the town was well insured, but that’s never the case. There will be many in the town that will have lost everything: their homes, their families, their jobs. Family is irreplaceable, but so is your home, if you don’t have insurance. To lose it all and not even have a place to mourn….

Have you checked your insurance policy to make sure you are covered in the event of whatever natural disaster is common in your area?

To help the victims, text REDCROSS to 90999 to make a $10 donation. It’s the least you can do.

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