When this goes live, I’ll be on the road to the Financial Bloggers Conference outside of Chicago. That translates to a day off here.
Monday, I’ll be back with a whole bucket full of bloggy goodness.
How to Die Well
Most people don’t die quickly.
As much as I would rather die suddenly–while putting a smile on my wife’s face–the odds are that I will spend my last hours or days in a hospital, unable to make the decisions about my care.
Will I be doing my vegetable impression after a car accident, or be left unable to speak during a botched Viagra implanantation in my 90s? I don’t know.
There is one thing I know about the end of my life. I do not want to linger for months, blind and deaf, on a feeding tube. I don’t want my family to spend the last few months of my life secretly ashamed of hoping for my burden to end. I’d like my end to be quick enough that the emotions they are feeling aren’t a sad combination of guilt and relief, just sadness at my passing and happiness at having had me.
That’s the legacy I’d like.
The problem is making my wishes known. If I’m lying in a hospital bed, asking to be allowed to die, they’ll consider me suicidal instead of rationally considering my request. If I’m completely incapacitated, I won’t even be able to ask.
I can certainly make my wishes known beforehand, but how will my family be able to communicate my desires to the doctors in charge and how will they convince the doctor that they aren’t just after my currently imaginary millions?
That’s where a living will comes in. A living will, also know as an advanced directive, is simply a formal document that explicitly states what you want to happen to you if you are too out of it to make your wishes known.
Aging With Dignity has put together an advanced directive called Five Wishes that meets the legal requirements for an advanced directive in 42 states.
The Five Wishes are:
1. Who is going to make decisions for you, if you can’t? For me, the obvious choice is my wife. She appears to like me enough to want me around and love me enough to do what needs to be done, even if it’s difficult. On the chance that we end up in the same car accidents, matching vegetables on a shelf, I’ve nominated my father for the unpleasantness. I don’t think I’ve told him that, yet.
2. What kind of treatment do you want, or want to refuse? When my Grandpa was going, he made sure to have a Do Not Resuscitate order on file with the nursing home, the clinic, and the hospital. He knew it was his time and didn’t want to drag it out.
3. How comfortable do you want to be? Do you want to be kept out of pain, at all costs, even if it means being drugged into oblivion most of the day? Do you want a feeding tube, or would you rather only receive food and fluids if you are capable of taking them by mouth?
4. How do you want to be treated? Do you want to be allowed to die at home? Do you want people to pray at your bedside, or keep their religious views to yourself? Some people want to be left alone, while others are terrified of dying alone. This wish also covers grooming. Personally, if I soil myself, I’d like to get cleaned up as soon as possible. I’ll have enough to deal with without smelling bad, too.
5. What do you want your family to know? This includes any funeral requests you have and whether you’d like to be cremated, buried, or both, but also goes beyond them. Do you want your family to know that you love them? You can also take this section to ask feuding family members to make peace or ask them to remember your better days, instead of the miserable few at the end.
The last 3 wishes are unique to the Five Wishes document, but they are excellent things to include. The most important part of advanced directive is the advanced part. You have the right to want whatever works for you, but your wishes don’t matter if nobody knows about them.
How about you? Do you have a living will? Does your family know what you want to have happen if the worst happens?
Huh?
Am I the only one who just noticed that it’s Wednesday? The holiday week with the free day is completely screwing me up.
Just to make this a relevant post:
Spend less!
Save more!
Invest!
Wee!
Happy Form
If you don’t know why you are hear, please read about the 21 Day Happiness Training Challenge.
Requiescat In Pace
Today, I am sitting at a funeral. My oldest friend’s dad died on Sunday.
Mark had an amazing ability to make anyone feel like family, from the moment he met them. The day I introduced him to my wife, he taught her to throw a tomahawk, and she still talks about it, 10 years later.
I don’t have a post in me today.
Mark Wayne Dwire, 61, was accepted into his father’s arms surrounded by his family June 24th. Mark was born to Wyman
(Jack) and Donna (Hasbrouck) Dwire on March 25th, 1951 in Park Rapids, MN. Mark graduated from Walker/Hackensack High School in 1969. He was married to Sherry (Garbers) Dwire on July 31st, 1971. Mark was a business entrepreneur. He started as a logger when you could still make a living with a chainsaw and a tractor.
Mark was proceeded in death by his father, step father Robert Dwire and stepfather Patrick Harrington, his brother Kerwin Dwire.
Mark is survived by his wife Sherry, his mother Donna (Hasbrouck) Harrington, children Jesse, Jason, Terra Fine (Andrew), Jeremiah (Tanja), and Daughter-in-law Elizabeth. Mark loved his grandchildren Cameron, Emily, Madelyn, Lydia, Faith, Elaina and Ellery. He was fondly referred to as ‘Super Papa’. He is also survived by many siblings, nieces, nephews and cousins.
Why You Should Invest in Oman? Tapping the Help of International Banks
This is a guest post.
The Sultanate of Oman is located on the southeast coast of the Arabian peninsula, bordered by the Kingdom of Saudi Arabia, the United Arab Emirates, the Republic of Yemen, the Strait of Hormuz and the Arabian sea. Oil is an important source of revenue here. According to an article reported in Arabian Business, Oman’s average daily oil production rose 4% to 918,000 barrels per day (bpd) from an average of 884,900 bpd in 2011. However, as reported in the Al Arabiya News, British oil firm BP estimated that Oman’s oil reserves will run out in 17 years unless the country raises its output from the current levels. To reduce its dependence on oil, the Oman government is diversifying its economy into the non-oil sector and encouraging foreign direct investment in order to enhance the economic growth of the country. Here we will find out why the Oman government is encouraging foreign investment, which non-oil industries present attractive investment opportunities and how international banks can assist and advise foreign investors.
Employment
The unemployment rate of Oman is one of the issues faced by the government. The International Monetary Fund has estimated the unemployment rate at more than 20% of the workforce. According to Muscat Daily, since the last census in 2010, the total population has increased by 38% to 3.83 million at the end of February 2013, of which 56% are Omanis and the remaining 44% are expatriates. The expatriate population has increased by 106.4% while the Omani population has grown by 9.7% per cent since 2010. The number of Omanis employed in the private sector remained fairly unchanged, with only 1.7% increase since 2010.
On the one hand, the Oman government needs to maintain global competitiveness by attracting foreign talents to diversify the economy such as developing large industrial and infrastructure projects. On the other hand, the Oman government is struggling to create enough jobs in the non-oil public and private sectors for Omanis. The ruler of Oman, Sultan Qaboos bin Said, pledged to support citizens in establishing small and medium-sized enterprises (SMEs) through the creation of a 70 million rials fund that will be increased by 7 million rials each year. In order for new start-up SMEs to gain a more competitive edge, the Sultan also ordered state land to be given free to entrepreneurs. In addition, the Oman government is hoping that foreign investment will create more employment opportunities for Omanis.
Investment opportunities in Oman
Oman’s Vision 2020 and Oman’s eighth Five Year Plan (2011-15) set clear objectives for economic diversification and development of Oman’s business and investment potential. Oman’s Public Authority for Investment Promotion and Export Development (PAIPED) is the government-run authority whose main mission is to facilitate investment in Oman and promote exports of Omani products and services to overseas markets. PAIPED’s 2009 Oman Investment and Promotion Strategy has proposed some industries that would meet Oman’s goal of economic diversification. These include automotive, infrastructure, ports, manufacturing, logistics, ICT, management and professional institutes, venture capital, financial services, international trade, insurance services and tourism.
Due to its strategic location, archaeological and historical remains, varied climate conditions and numerous sightseeing attractions, the tourism sector is an important and growing industry that offers lucrative investment opportunities. According to Albawaba Business, the chairman of Sundus Investments and vice chairman of National Bank of Oman, Mohammed Mahfoodh Al Ardhi, said that the Oman government is committed to boosting the tourism sector by investing in prestigious projects and encouraging foreign investment.
There are many benefits of investing in Oman, including a world-class infrastructure, incentive packages, attractive corporate tax and tax holidays, competitively priced industrial and office space, free zones and ports and a talented multilingual workforce. The Oman government also encourages foreign investors to collaborate with local companies in utilising its untapped resources, facilitating technology, innovation and management skills transfer and opening new markets for Oman products and services.
Roles of International Banks
Companies and entrepreneurs seeking to set up, expand and relocate to Oman should use international banks, which offer a range of products and services for corporate customers such as trade services, treasury services, corporate credit cards, and custody and clearing services.
If you are an exporter and need a loan to fill the gap in trade financing, you can apply for export financing in Oman to transport your products overseas. For example, with HSBC Bank, you can get pre-shipment finance to bridge the cash-flow gaps as well as post-shipment finance. If you are an importer, you can apply for documentary credits to help reduce the risks associated with international trade.
While there are numerous opportunities in the non-oil sector in Oman for foreign investors, the benefits and risks should be weighed before venturing abroad.
