My husband and I would like to add on to our house

We’re in debt to Sallie Mae (29,000)and the mortgage (104,000). We have a healthy
emergency fund (33,000.) Our housing expenses (mortgage, property taxes, home owner’s insurance,and home maintenance sinking
fund(153/mo) all add up to 18% of our take home pay.
Initially, my dh did not want to pay the student loan with our EF, butnwanted to use the EF money (20,000 of it) and a loan (60,000) to pay
for an addition (80,000.) He thought we’d just pay Sallie Mae forever. Ahhhh….
I don’t want to borrow money for an addition, and would like to wait till we saved up the money for the addition. I may have successfully convinced him that it’s a good idea. But…He now believes we could pay more toward the student loan and pay it off in 2yrs. In that 2yrs we’d save as much as possible to pay for the addition. Then after being debt free except the mortgage… take out a loan for 22,000 (80,000 minus how much we’ve saved in the past 2yrs(38,000) and 20,000 in our EF). Our housing expenses would still be under the 25% of our take home. That would include a first mortgage, second mortgage, higher property taxes, higher home owners insurance and higher home maintenance sinking fund (210/mo). He doesn’t want to wait the extra year to save up all the money for the addition, so this is his way of meeting me half way here. I’m open to his ideas, but don’t want to go ahead with a bad idea. The option to pay off student loan and buy a bigger house that is 25% or less of our take home crossed our mind, but it’s actually a lot cheaper (70,000 savings) to do an addition in our situation/location. Plus, we’d have to sell our house first and most of the houses in our neighborhood are selling at reduced prices. And, I’m an architect and would rather design the addition for the way we live. Also, we are estimating the higher property taxes, insurance and home maintenance sinking funds… Does anyone have any advice on getting more exact numbers before we do the addition? I’ve thought about calling the county tax collector, insurance co, but I’m not sure how much to put in a home maintenance sinking fund. I just thought it’d be about 1% of the value of the house divided by 12 months. Oh, and should all these costs be included in the 25% of our take home? I’d rather be conservative with my calculations, and not be surprised later with being house poor.

LOVE the hybrid idea!

Like right now we should be putting in I think it is $4 for this week, but dh is working some major ot this weekend, so it would be a good thing to do the $50’s when that money comes in and save the $5 on up for tighter times. BRILLIANT! Jan who is currently rebuilding her BEF and thrilled the OT hit in OK.
example: It was a good week? Save $52 and cross off week 52….Not a great week? Cross off week 1 and save $1 or week $10 and save $10—whatever works for you. No particular order of weeks here—just pick the week you want to pick and save that amount—keeping it mind–once crossed that week is not available again…..(so maybe you save 1 through 10 for “emergency weeks”)
Again—I personally like and choose to do the hybrid method–especially since we get paid every 2 weeks around here.
Just an idea to make this easier for you,
PS I took a zippered money pouch and am labeling envelopes with the week I put in there….so example, when I put week 12 in—I write week 12 on a small white envelope, put $12 in, seal it and put it in the money pouch—-after 3 weeks–I now have 3 envelopes in there.

That’s the first five days of the challenge

to myself, As you can see it adds up to just a little bit of extra to feed the gazelle with and none of them are huge, but by putting the payments on BOA, which figures interest on your average daily balance, as soon as we can each time we save some we will save in interest and that bill will leave quicker. So anyone else willing to challenge themselves? Even if you feel you have “cut to the bone”, could you shave even a few more cents off your day to day living with just simple changes? Share with us what you are cutting back on to shave even a few pennies from your budget. Jan who is using shampoo from dh’s various business trips today rather than the shampoo she normally would have to buy for today’s “savings challenge” in OK

Once I got all this sorted out I asked about medicare for me

Because I have been a sahm/w for over 40 years I do not have enough units/credits to draw on my own ss and because we are looking hard at retirement and its costs within the next couple of years we wanted to verify I would have insurance, or at least have an idea of what it would cost. Because we have been married over 9 months (just slightly 40 wedding anniversary is in March) I will draw ss off of dh and that qualifies me to be covered under his medicare as well. My card will have his number and a B on it, not to be confused with group B. Unless he is deceased and then it will have his number with a D or W on it. Had I been married to my first for over 10 years then it might actually have had a D1,2 or W 1,2 on it (deceased or widow)—thankfully I got out of that abusive marriage after just 3 years so that won’t be a problem.
I do not qualify for medicare until two things happen 1-dh turns 66 and is drawing his ss again (not a problem he’ll be nearly 67 when I turn 65) and I must be 65. So while we do our retirement planning we need to include full coverage insurance for me until I turn 65 and then take out the medicare plus the supplemental B and D. B, according to Belinda if congress doesn’t change anything will be at a discounted rate for me since I will be filing under his social security, D will be up to the insurance company we get it through. BTW not getting D within a certain time comes with some penalties too.
Now if you aren’t totally lost you catch on quicker than I did because I had to ask a few of the questions a couple of times of both Belinda and Sarah today to make certain I had everything right.
So the long and the short of it Medicare is NOT free, just part A is and that only covers hospital STAYS, not ER, not out patient, not doctors and NOT the rx’s. Part B currently costs a minimum of $314.70 for three months. However, if an individual makes higher than $85,000 or couples $170,000 and under certain circumstances it could be higher. They check your IRS records to determine this. Part D for rx’s is a separate policy and you have to get that through an “pre-approved” company to get the rx coverage. You can have it deducted monthly from your ss check prior to receiving it though. NONE of these policies are 100% coverage.
Right now, after Feb 1 if dh is hospitalized BCBS of OK would be the primary and medicare group A would be his coverage. And I don’t have to fork over the $314 every three months until he retires.

As long as you are ACTIVELY employed

the key word being ACTIVELY and have medical coverage with your employer then you are not required to pay for the part B through SS. You cannot simply have insurance through your employer as part of your retirement package, you must be ACTIVELY employed as in going to work 40 hours or more per week. From the last day of that employment you have 8 months to start paying for the part B through ss or face the penalty. If you fail to do it during that time period and later want it you cannot file for it except in Jan-March of the calendar year and then it would not kick in until July of that year. In other words you would be paying six months for it at a penalty rate and have zero part B coverage prior to July 1.
It is suggested that you start filing for it two months prior to leaving your job if you can so there is no lapse in coverage.
Now here is the kicker I never would have thought of if beautiful Belinda hadn’t warned me to check. SOME not all insurance but SOME will NOT cover your group B benefits even if you are paying full premiums once you turn 65. Belinda had me call BCBS of OK to verify that dh would be covered for out patient, ER, minor emergency etc with the BCBS group we were in prior to notifying SS that we did not need group B through them. Have I lost you yet?
BCBS of OK said that as long as dh was ACTIVELY employed (there is that phrase again) he would be covered by them as our primary insurance and medicare would be considered our secondary. I have reference numbers and such if a problem should ever occur on this. But only because of the level of Blue Option we have. Should we change our level that could change…I don’t know about you but it’s a good thing I took copious notes as I was talking to them—I am a person whose eyes glaze over where insurance is concerned.
They too said they would not cover if dh got it as part of a retirement package and was not working.

This post is a classic

Its a more detailed pitch than most with a standard disclaimer at the end. It has most of the classic phrases you find with MLMs. Forgive me, but to my eyes, it certainly looks like you are trying to make a case for GDI – And judging by your comments about Hard Core Anti-MLM sites, I suspect you must know this is one of them. So I really have to question your motive for the long an detailed post (pitch?). (My comments are in (parenthesis) )

I will cut and paste some parts of your e-mail to illustrate – most of them are classic MLM speak.

Wow, it has been a very long time since I posted here!

GDI never really tells you about the limitations you find yourself weighed down with when you buy a .ws domain.

The first cover up is the B.S. about .ws meaning “web site”.

It’s not. That’s just marketing propaganda. It’s Western Samoa, which imposes tight restrictions on what you can do and can’t do with domains in their domain space. (Visit Samoa.nic and see for yourself.)

You can’t just transfer .ws domains to the host of your choice, either.

GDI isn’t a domain registrar, either. They’re a reseller. So their costs are higher — and so are yours. Add on the cost of supporting all those levels of payouts and it soon climbs steeply.

GDI’s prices are a LOT higher than other domain hosts, too, for the same reasons.

In a nutshell, GDI targets the exact same market as SkyBiz2000 (the biggest illegal pyramid scheme in history) — people who want a cookie-cutter approach to having a web site, who don’t have a clue about competitive pricing, and who swallow promises of online riches from flogging the same deal to others.

It’s just not blatantly illegal like SkyBiz2000 was.

If you’re happy to sell ignorant people overpriced, restrictive package deals, go for it. If you have a conscience, there are plenty of other opportunities to sell competitive package deals that offer a whole lot more for a whole lot less money.

Ah… but then you can’t rake in the BIG bucks at the expense of the ignorant and desperate.

What a dilemma!

Exactly! As Jacie said, you ARE one of the smart ones

It took me a very long time to see that most of those I inducted into my MLM, would by design fail. They must fail in order for the MLM to work.

Imagine if MLMers told the truth when soliciting (heck, I’d bet a majority of them don’t KNOW the truth…I didn’t)? “You probably won’t make any money but you’ll spend a lot of it, and it’ll take up a lot of your time”. lol.

Why pay $10 a month for something you can get for a good deal less if you just shop around?

And what the heck if a vanity domain? I have,,, and, all names I specifically picked out. How much more of a “vanity” domain can one get?

Unless you’re dealing with a need for back-end software on a website, I just can’t see paying $10 a month for a domain with email. In that case, I’d go through Directnic, which I’ve been using for years (maybe as long as a decade by now). I can register a domain for $15 a year, which is a fair price, and I can host it there for $15 a year. That’s $30 a year for a domain with multiple email address, including hosting so I can put up a web site compared to your $120 a year.

I think I’ll use the extra $90 a year I save to buy a few good bottles of wine so I can have a glass at night before I go to sleep.

So why should I pay an extra $90 a year and give up the wine? That’s 9 pretty decent bottles or 6 better bottles, or 4 higher quality wine bottles. (I’ve found that once you go above $15 a bottle, the wine quality doesn’t go up as much as the price does.)

You wanted to be talked out of it (as you say below). This should do it. And the argument about paying more gets more service is void. See below where I discuss that. My advice: drop it. It’s way overpriced.

Multiple streams is a good idea. It’s how I make my income, but I also make sure I provide a product that is either competitive in price or an exclusive product. You’re dealing with selling an item that many people don’t want and a lot of people that do want it know how to get it for only 25% of the price.

There are much better affiliate programs out there offered by web hosting companies. I’m one and get $95 for each referral that signs up with my hosting company. Actually, that’s more than 50% of what the hosting company will get in the first year for many sites – bad credit for payday loans with 100% guaranteed approval!! Oh, yes, a hot chick will check out your email address before she checks out anything else. That’s the one thing that she’s looking for that’ll make sure you get lucky.

I’ve been using my own domains and custom email addresses for years. Sure, it’s nice to have it when you hand out the first 5-10 business cards, but, honestly, it’s not a big deal after that unless you don’t have much else going on in your life.

It has been my experience

that when people get into MLMs they get so excited about the “opportunity” that they forget some basic manners. This then gets reinforced by their uplines (” ‘no’ means ‘maybe’ “) so they become pests. After all they think they are trying to do you a HUGE favor.

My preferred method – telling them to eff off has the disadvantage (as PW has pointed out) of not really getting anywhere – and it especially wont help them get out of the MLM.

I have had recent opportunity on two occasions now to try a different approach. I merely said to each of them that I was sorry to hear that they had become mired in such a tawdry little forum and I certainly wished them all the best personally. I then went on to say that I was being polite and that they should return the favor and be polite too. That would mean they would never, ever phone me about MLMs again.

I actually managed to say it in a friendly voice and neither has called me about their MLM again.

Thank you so much for the warm welcome, jacie!

It is so nice to know that I am not alone! I feel so much better since I have quit. I didn’t realize how much it was consuming my life (even though I wasn’t in for that long) until now. I realize how annoying MLM people are now too! I’ve been getting rid of my stuff and sold my Dani Johnson CD’s on e-bay. There was an issue with the shipping and trying to be a good seller, I gave my phone number for any questions. Well, this woman has been calling me not about the purchase, but her MLM. I tried really hard to be nice, but wanted to tell her what I really thought and not to quit her day job! IT is sad all the false hopes they give people. But as for my self, lesson learned and thanks again for the welcome. I look forward to getting to know everyone.

Hi, my name is Niary and I am glad I found this.

Haven’t looked through too many posts yet, but here is my intro. I thought that I was one of the “smarter” ones investgating the company I was with for two months before signing on. I was however, convinced that because I was a hard worker and determined I would do well and eventually live the life that so many others in the company seemed to be living. Instead, what I got was a huge sense of failure. But then again I don’t because I realize that in order to be a part of the “two percent” club, I would have to set 98% of the people that I talked to up for failure and I just wasn’t willing to do that. Looking forward to being a part of the forum!

I wish I had a good answer

I have a friend too who got sucked into MLM — it was scAmway for him. He is now in really deep. I wish I had worked harder at first to keep him from getting in, but I don’t know if it would have helped. I keep thinking if I would have kept him from going to that recruitment thing.. but then again, the friend who got him in probably would have tried to get him to go to a different one. At first, I didn’t know for sure what it was — because, of course, they never tell their potential recruits the name of it. That’s because people me would go ballistic on those trying to recruit our friends and hopefully stop it.

I’m not sure what all you can do. In many cases, once they’re in, the harder you protest against it, the more they dig their heels in.

Hi, this is my first post to the forum

I am concerned about a friend. She is a newly single mom who has a great job but is being sucked into and MLM. I am trying to talk her out of it as hard as I can. She went to a recruitment rally and is GUNG HO. I need some help as to what to say to her. She can not afford to lose any money. What can I say to her to wake her up and understand what a MLM is. The company is Advocare and OMG the crap they preach is horrible. I have tried my damdnest to tell her the facts of any MLM not just this particular one.

Can anyone please help me with information on what a bad move this is. She is all about it. I cant say anything at this point that she does not come back at. I have searched and searched on the web for any bad stuff on Advocare. I cant find much. I found this forum during my search so I am hoping someone can help me.

She is totally enthralled at this point.