Posts Tagged finance

Golf, anyone?

A few years ago, I took the plunge and purchased a (weekday-only) membership at the golf course near my house. I had been considering it for several years and then they offered a special, low-initiation deal. Effectively, it cost about the same as it would to play once a week at any of the slightly cheaper courses in the area, plus, any guests playing with me got a slight discount such that the cost of their round would be comparable to the other courses as well. And, of course, I could stop in and play 9 holes after work for free. (Or late afternoons on weekends, which was included in the weekday membership.)

Nice theory. In practice it didn’t really work out. It wasn’t too bad in the summer, though I rarely did better than break even for any given month. And even though it’s possible to play golf year-round in Texas, the early morning golf that I typically play isn’t very pleasant during the winter. And, of course, it does rain on occasion. Really, the only thing that kept me going with the membership was the fact that without it we would really have to play a differnt course, which would be much less convenient.

Well, for various reasons I didn’t even play once last month. I did play yesterday, but I just didn’t feel it. I decided to cancel my membership, so I turned in my 30-day notice before leaving the course. I think that’s probably going to turn out to be pretty good timing as winter approaches. Plus, even though it’s a nice course, and plenty challenging, I’m kind of tired of playing the same course more than 90% of the time.

To be clear, I still intend to try to play golf at least once a week, even though my game has really fallen apart over the last few years. And, if history is any indication, playing at other courses has a very good chance of allowing my game to return to its previous glory — or at least rise from the depths in which it has floundered lately.

Now I just need to try to get some good use out of my last month of membership. Anybody wanna play some golf?!


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Credit Crisis Is Good

I have read a lot of commentary about the pending $750 Billion Bill to “fix the frozen credit market”. Most of the commentary seems to be targeted at either the unfairness of bailing out Wall Street or that it is really Main Street that will suffer if the bill is not passed.

Total debt dollar value: today vs 1957

Total debt dollar value: today vs 1957

My problem with this analysis is that it ignores what I consider to be the fundamental issue. The credit markets need to be much more restrictive than they have been for the last two decades. Also, I simply do not believe that the credit markets will become completely frozen — at least not for very long. Much more likely is that it will simply become more difficult to get credit, which is a good thing. Admittedly, it may become a bit *too* difficult in the short term, but that is not likely to last as lenders look to find some way to earn at least a modest return.

The chart I’ve included here is from America’s Total Debt Report, an analysis put together by the Grandfather Economic Report. There are many other interesting charts in that report, along with a good description of the situation.

I have heard a few commentators complain that we need this bill because we cannot quit our debt addiction cold turkey. The problem I have with that viewpoint is that debt begets debt. Ask any financial planner how to get out of debt and step one is stop borrowing.

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BBL (Blog-Blog-Love)

Watch One

Yesterday, Wayne (easily the most prolific commenter on my blog) sent some blog love my way. (Thanks Wayne!) I tried to follow this meme back to its source, but ran into a receiver that didn’t seem to link back to the giver and thus I couldn’t follow any further.

Do One

I’m supposed to nominate seven other blogs. That might be tough as I don’t read all that many blogs to begin with and many of them are family or friends IRL that I’m not at all sure want their blogs shared that way, but I’ll see what I can do.

I’ve got nothing to say …

Ben is a good friend of mine that writes about a variety of things. Like me, there are occasional long gaps between updates, but I think that’s perfectly OK — when life gets in the way of blogging that’s probably a good thing.

The Meming of Life

I guess this is really a celebrity blog as it is written by the author of Parenting Beyond Belief. I find it to be a very thought-provoking blog.

2million – My Journey to Financial Freedom

This is a “personal finance weblog” that I find to be a very frank self-biographical examination of a young couple’s attempt to manage their finances in such a way as to allow them to retire early (in their 40s, I think).

Cool Mom

Another celebrity blog, this one by Daphne Brogdon, that features almost daily 1-minute videos that I usually find hilarious and often quite insightful.


What can I say, David’s writing and drawings are highly entertaining, but you probably already know that.

Musings from Manhattan

Dee Anne is one of my second cousins, the only one I know of that blogs (though I have several first cousins that do). I enjoy reading about her garden, her teaching and her opinions about television shows. I hope she isn’t bothered that I’ve linked her here.

Hmm… that’s only six. Close enough, I suppose.

Teach One

So, here are the rules:

  1. The winner can put the logo on his/her blog
  2. Link the person from whom you received your award
  3. Nominate at least seven other blogs
  4. Put links of those blogs on yours
  5. Leave a message on the blogs that you’ve nominated.

As far as I can tell, #5 is not followed very often, and I don’t think I’m going to follow it either. I guess that means I fail as I only completed 60% of the steps.