How do I invest~~~~

Hello My Diva Dahlings,


I know, I know---where Have I been? Well I won’t bore you with details; except that I’ve been spending time with my family and a few dear close friends, traveling here and there with them and taking care of some medical and dental needs as well, as one gets older, things take a bit more maintenance. Not to worry I’m doing fine, just a little older, a little slower but no less a Diva.


I can also assure you that my little diva darling Princess is doing very well and has been traveling with me, Juanita and her family are also doing well, while I’m gone she is free to come and go as she pleases, and she has been making arrangements to have an eye kept on my home.


I have been asked by some of you darling Diva’s, how do I financially live? Well I’m not the “grasshopper” that fiddles away the bounty of spring, summer and fall, I do put away for the winter, and yet I’m not overly working like the ant, but working enough to maintain a life style that is comfortable for me.


Yes Darlings, the operative work is “comfortable”. Depending upon where you live, an income of $150,000 can seem like a fortune, but only if you live in Tennessee or other mid-states, if you live in California or New York especially in the Big City or San Francisco or Los Angeles you are barely middle-class.


I’m not saying I earn that much, as a matter of fact I’m not saying to you how much I earn, but I do live very comfortably. You see it is all a matter of perspective. I’m not a billionaire, no, with that comes headaches. But I’m not on food stamps either. Although I can understand the difficulties of those in which circumstances requires them for government assistance.

I was fortunate, my parents were very savvy people, Dad worked hard, worked his way though college, was smart enough to make very good contacts with people (now a days it’s called networking), lived within his means, saved, did his best to stay out of debt and (here’s where its important) conservatively invested.


Mother too came from a hard working family, went to business school, listened, lived within her means, saved her money, but as I said she listened very carefully and like Dad investigated before investing.



Dad was a lawyer, he handled mostly business contracts and mergers etc, he met Mother and she worked for him, but they had a partnership much like “Perry Mason and Della Street”, they worked as a team. They first became good friends and then discovered they loved each other and married, Mother continued to work for Dad after they married until the first of 3 children came along, but even then she would work in the office part time, making arrangements with Grandma to watch us and then she’d come home prepare dinner and then took over checking our homework and putting us to bed. When we were old enough to go to school, she’d send us off, go to the office and then at 2:30 leave to pick us up.



We children were loved, I’m not saying it was a perfect “Father Knows Best” situation but even we as children were included in any decision making, we were not sheltered, our parents were honest with us.



So how does that describe how I live financially? First it was by example from our parents, I say “Our” because I have two brothers, one older and one 18 months younger, My brothers shared a bedroom and I had my own, Our parents bought a house which was easy to expand if needed and it did go to eventually 4 bedrooms as Grandma (Mom’s mother) moved in with us after Grandpa died.



I and my brothers were immersed though Dad and Mom’s instructions on investing and financial business, Dad would talk frankly to us about business dealings that had developed, in some cases were developing, sometimes he’d put us to work to find things in the investment papers or at the Library going through the out of town newspapers.



Dad told us about the Rothschild’s and Hetty Green (the witch of Wall Street), Andrew Carnegie and other successful business people, although for a woman to be successful was rare and looked at with suspicion, especially in an environment in which women were looked upon as property and not having any business sense. Luckily my parents and Grandparents were not of that mind-set.



In my previous postings I talk about how to learn to be frugal with the “Make do, use it up…etc” routine, and also to not live beyond your income, please go back to those postings as a refresher course.



Dad also told us that even in the Bible (we were and are Catholic) it talks about money, one needs to read both the old and new testament. No I’m not talking about the Biblical Money Code that Sean Hyman speaks of---its there really for anyone to read and learn from, Hyman just uses the biblical teachings to get some real foundations across to us.

Something that was already taught to me and my brothers by our parents.



First off, one has to avoid the “Love of Money” and realize it is simply a means of exchange to buy goods and services, but don’t waste it or horde it, make use of it to make money, but do not squander it either, if you have 2 dollars, save $1, then divide the remaining dollar in half, 50 cents to pay for your daily needs, the other 50 cents to invest in or with.

I call it my thirds rule. With the dollar saved divide that in half, 50 cents into a regular savings account, the other 50 cents into a long term retirement account, by having a regular savings account you’ll build up money for those sudden expenses, like a roofing problem, or car repairs etc. this way you will avoid going into debt by using a credit card, unless it is something very extensive. This is where a Budget rule is important.


O.K. Darlings so from an early age, my Dad played a game with my brothers and I, using pretend money, such as worn out or incomplete card decks, Aces were $1, 5’s =5, 10= 10, Jacks were 20, Queens 50 and Kings 100 dollars. On used envelopes Dad would write down the stocks we’d choose listing the number of shares we’d buy at the amount that the stock was going for per share.


Now as part of our “Homework” we had to investigate the solid foundation of a business whose stock was listed, then we’d watch to see how it would do, if the price per share was low we’d buy, then we’d have to see what it was going to do, and make a decision on it. Also we’d have to watch to see how much in dividends did the stock pay out, those dividends were written on the remaining cards, at the end of a certain period of time, usually 6 months, Dad would note how we were doing. Come January 1st Dad would announce who did the best and would get an increase in their allowance based upon results, those who didn’t do so well, well if they did do fairly well, would get an increase but only slightly, if our stock choices failed, our allowance did not get an increase.


You certainly can see the incentive here.


Hetty Green’s motto was “Buy cheap and sell dear” meaning buy low but sell high, the Rothschild’s based their investments on information gathered, that is how the head of the Rothschild family worked, during the campaign between Wellington and Napoleon, many investors had heard, (incorrectly) that Wellington was losing, but Rothschild had one of his sons near the battlefield and set up a system of immediate information relays, using carrier pigeons and light systems to send signals to him what was exactly happening, so when people were selling in a panic he was buying, and eventually when the real news hit the London exchange, Rothschild was in a position to make a tremendous profit.


Hetty Green was the same, this was told to me by my Grandfather whose brother worked at a bank that Hetty held her “office” in, through various contacts among the working class and clerks Hetty could gauge the worth of a company and therefore its stock value, even if the stock appeared to be going down, Hetty would know of things in the works that would bring a profit to the company, so when the stock price was at its lowest Hetty would buy and then when the company turned a profit and its stock value went up, Hetty would hold and hold until she felt it had reached its possible peak and then sell it at a profit. Grand Dad said that the clerks at the bank were very protective of Hetty, why? She would make small loans to them at a very low interest, and even would extend their time to pay it back, something that is very rarely mentioned in any biographies about her.


Hetty was cheap, rotating between just two suits of clothing, living in the most inexpensive rooming houses, buying the cheapest cuts of meat, walking everywhere, even avoiding doctors to treat her son’s injured leg, which he never condemned her for.


To her Money was a weapon to be hoarded, not squandered, she in a way took it to the extreme, but even the Rothschild’s did not live extravagantly.


So let’s look at investing----

Rule one----never invest more than what you can afford to lose


Rule two---never invest all your money into one stock, diversify


Rule three---do your homework, make sure that the company whose stock you’re interested in has a solid foundation to be able to ride out a lot of economic storms.

On Rule three this includes, how well is the business run? Is their management team solid and looking at the future, without over expansion? Is their sales pipeline large and are sales increasing, are their customers happy? Does it have a big market capitalization with plenty of liquidity in stock volume? AND This is the Most Important…is the company worth the stock price you are going to pay.

Remember Darlings buy cheap but don’t buy a cheap company.


Everyone remembers that stocks slide up and down on a roller coaster, so even with doing your homework if there is a stock pull back right after it takes a position that does not mean it’s a bad investment. This is where you have to be like Rothschild so that when it appears that a stock loses value this is where you need to review in your mind why you bought it and hold on. Do not allow Greed or a quick turn over or even fear cause you to panic

And don't buy a stock because a friend, or relative says its a good thing or the latest thing, it could be a disaster if you do not do your homework.  Solendra was one of them.  Fortunately I did not buy into that.

The best way to see how a stock performs is to look back on its track record for the last two possibly three years. For example if a company shows what I have just explained to you as still being solid it is solid.


John Deer Tractors, everyone needs that from the homeowner to the Farmer.


So with Rule Three you are doing a fundamental analysis of an investment


Rule Four---determine when to buy --- this is done after you have completed Rule three. So you turn to a technical indicator called the relative strength index, this will tell you when a stock is being oversold or overbought, on a scale of 100 if its under 30 the stock is getting cheap because people are selling but when it starts going over 80 on the RSI scale then its getting pricey---why? Too many buyers are buying it


Warren Buffett has used these two principals to see how a stock is going to do, it is what caused him to stay away from those start up companies that had no foundation, even I stayed away from Facebook stock when it opened and then it started going down and down, but just to be a little cagey I bought some shares when it looked like it was going to go for a $1 a share, then slowly it began to show its true worth.


So when you see a stock going down on a company, a company that you know has a strong foundation based upon the questions I outlined for you don’t be afraid.


Although I have to admit I did “Take a Flyer” on Facebook.


Because this is where you grab your courage and work outside that box, and that may mean buying companies that people don’t like, when you see massive selling hitting a stock on a company that is solid, that is when to look for the bargain. Don’t allow Greed or the Love of Money or your fear of losing blind you to an opportunity.


This is where you look for large volume spikes and then shows steep declines. Apple is a good example, Steve Jobs dies, Apple stocks went down, panic selling, but now a time to buy at a lesser price, because if Apple is any good it will steady out even without Steve Jobs, because you are looking at the true value of the stock and the foundation of the company.


So Rule Five---Ride out the Roller Coaster, it may take weeks or months but you are in for “The Long Haul”


And that is what my Dad taught us, “Don’t buy for profit, buy for the long haul, for a generally steady income to serve you into your old age and beyond” SERVE YOU; in short have your money make money.


With my Facebook stock once I did my initial purchasing I use the dividends from that stock to buy more stock, the same with Apple. Eventually I will have those dividends be paid directly to me, like my other stocks.

And this is where we come to RULE SIX:

DO NOT LIVE BEYOND YOUR MEANS

Even though I have a very, very good income, I determine how much I will need to live on per month, for that I have 2 checking accounts with separate debt cards, the first checking account will pay insurances, mortgage, utilities, medical/dental. I pay those bills immediately, I do not procrastinate.

The second account is to pay for Food and sundries, including if I want to treat myself and some friends to lunch.

Then I set quite a bit of it aside, for that I have 4 savings accounts, one for emergency repairs, one for fun things like a vacation, one for any increase in living costs so that I’ll have a chance to re-do my budget and one to purchase things as needed such as birthday gifts or replace something in the house etc.

I know that having that many accounts can be a bit mind bending, but I keep cash books on each, and each book clearly labeled, being able to call in to the bank and listening to the auto response is very helpful as well as logging in each evening any purchases.

For that you HAVE to be DISIPLINED.

I know people who have to have a new car every 4 to 5 years, once its paid off they buy a new one and are back into debt, I had my Caddy for nearly 20 years and was only beginning to consider buying a new car if it appeared that it would not pass smog or I had to have it worked on long and hard to pass smog, but that was taken out of my hands when some teenagers stole it for a joy ride and wrapped it around a pole.

My current car I will keep until it is not repairable anymore. Don’t over charge on credit cards, use coupons, watch for deals, on a number of things you can buy at either Target or Wal-Mart, on other things buy quality because you want it to last a long, long time.

Don’t buy a MacMasion when something smaller will do.


I have only 3 credit cards, one of them is a gasoline card, the other two are bank credit cards, one is for any auto repairs or if I’m traveling, the other when I want to purchase clothing or items for myself. On all three I watch my balance very carefully, and pay them down immediately, usually within 3 to 4 months. This is where the savings accounts come in handy.


Really one doesn’t need more than 3 cards plus your debt card(s). One handy device is being able to pay over the phone, I have a small date book that lists when a bill will be due and with the phone numbers of those cards and if I’m traveling I can call the credit companies and pay over the phone without a fee.


Some people prefer auto pay; I do that for the Utilities and the home mortgage.

To be able to balance all of this I look into what I Need to buy or pay, this includes property taxes, medical/dental insurance, auto and home insurance, utilities, home mortgage, Food, medicine. These are NEEDS.


Everything else is WANTS, well I need a good pair of walking shoes, I have them and I have them re-heeled and re-soled and will do it until they are worn out, one does not need 20 coats, a good winter coat, a good raincoat, a light suit jacket, and a lovely shawl, plus a few sweaters, until they wear out.


I don’t drive my car everywhere, I’ll use public transportation, and it works just as well, so it saves on wear and tear on the car, if you have to do a lot of errands then plan on the best use of your gas.


My clothing is classic, so is my jewelry, I go to the Library for recreational reading and magazines, even DVD’s and music, there are some things I do buy but that is because I consider them hobbies. Remember the simple things are always best.


But again always save, determine needs vs. wants, and look for the best deals from food to travel, avoid the credit card use this is where cash money is important by using your credit card you are falling into temptation on buying a “want” and therefore living beyond your means, and don’t be extravagant when there is no need. Network with people who can help you achieve your goals and be genuine.


And remember there is Good Credit and there is Bad Credit, Good Credit or debt is paying on a house, Bad Credit (really debit) is having 20 charge cards at rates 15% to 29%, they do not give you any return, whereas paying on a house is a tax write off.

Now my Diva Darlings review what I have posted before, be sure to have a Good CPA who Really knows the Tax Code, keep receipts, keep records, and keep a good accounting of everything. It pays in the end my Darlings


And remember----YOU ARE THE CEO OF YOUR OWN COMPANY—it is called your Life.

And here is where we come to Rule Seven:

Remember those who are less fortunate.  

This means donating to charities to help the needy, like Salvation Army, your Local Food Bank, charity walk for Cancer,  your local Animal Shelter or Nature preserve (yes we need to remember those who cannot speak for themselves),  I donate to "Cover your Cop"  this is to buy bullet proof vests for Police Dogs as well as other charities.  You can even do it in memory of a loved one or a friend.

So just as the money flows in, be sure to have some of it flow out for a good  and worthy cause.
Until Anon, Kisses Darlings

More Budget Ideas....

Hello again Darlings,

I am happy to say that I am making excellent although slow progress, last Sunday I was able to take my little Darling Diva Princess for a walk, granted it was only two blocks, but it was a start.

I am hoping that the weather will warm up mildly; I’ve had just enough of the chill and the wind for one winter.

The other evening I had a wonderful telephone conversation with my Brother Tom, he has invited me and Princess to join him and his wife up to his cabin in the mountains for a few weeks, the grand children will be up as soon as school lets out, they spend a few weeks up there, then off to see a fantastic place like Zion National Park, or historic places, then they come back and spend August with the grand parents. But part of their arrangement as encouraged by their parents is to write a two page essay about each of the places they saw and how it historically created our society. I was very surprised to hear what their parents are doing but they told me it was to help expand their education and awareness---of course they will go to Disneyland, that is their treat for keeping their grades up, poor grades no Disneyland. I think it’s a fair deal.

But even I have found it to be so restful out under the stars, which is why my niece and nephew love to go camping with their children and have them see historic places as well. Good education they say, and I have to agree.

But interesting enough my brother and his wife are going up and staying there for a while because of some legal business, not that he is having trouble but he’s decided to make sure the Homestead on his property is up to date and he is having the land re surveyed to make sure the property lines are still correct.

Then he informed me that he was going in to buy the timber, mineral and water rights as well as any other rights to his land where the family cabin is located plus making sure that the right of way is correct. He told me that the rights were still available, but many people do not realize that when they buy property they forget all these other property rights and the homestead option to protect their holdings.

Especially if you are buying land in the country, by having the homestead and all these rights, no one can get the land out from under you, if nothing else they will be forced by law to pay fair market value, and they will have to pay you for the rights or to lease the rights from you. I don’t know all the ins and outs of this but to you my Dear Diva’s and Diva’s in training one other person to add to your people to assist you is a real estate lawyer or property lawyer.

Never assume that your property is going to be safe, not with the government trying to condemn the land right out from under you and then giving them over to private developers.

Always Darlings protect what is yours, never surrender it without a good fight and then make sure they pay dearly for it.

Hetty Greene, whom some people referred to as “the witch of Wall Street” was a very sharp investor, her policy was buy cheap and sell dear, invest in something that there will be a demand for. The thing of it is, what is it that they will want, that is the trick.

Personally I’ve been looking at food products and products that people will always need, a child will always love to eat Mac and Cheese, so who makes a good product that sells well? Then find out who owns it, and then find out who is the ‘parent company’, that would be the best one to invest in for the long term. Other products as well such as toilet paper, Supermarkets, commodities. But go in for the long run, the sustainable run, not a quick profit.

Gold besides being used for jewelry is used in electronics, dentistry, and other applications, that will always go up. But I also invest in Silver as well.

And how are all you Diva Darlings doing?

I hope you are all doing well. Especially with all the sticker shock that is going around.

My “Business Ladies Who Lunch” and I had a gathering this last week and had been talking about the economy.

We do agree that part of the problem is the cap on oil production with demand increasing especially in China and India. As well as the useless and dangerous concept of using Corn for a Bio-Diesel fuel.

As one of my Ladies said “We can’t all convert to Bio-diesel or buy a Hybrid or Electric Car. Our current budgets simply don’t allow such purchases and there are places we want to go where such resources of that type of fuel, or plug in’s are not available. So we are stuck with gasoline/oil.”

Another said that the use of Corn, a staple of most food products, is financially dangerous, “We should look into other products such as sugar cane, or a form of sedge grass that seems to work well, even soy---something that grows fast, is quickly renewable and is not the foundation of the food economy, even reusing cooking oil from our homes or restaurants, didn’t they do something like that during World War II (yes they did as an oil/glycerin substitute). Looking into what Brazil is doing is important.”

I have to agree but for many people who have cars that run on gasoline, if they do not have a vehicle that runs on diesel such a conversion is not possible, the only thing is to hope for that more people will buy diesel engines, run on bio-diesel and in turn lower the cost of gasoline because the demand will be less.

And currently the investment return on Hybrids would be a long time in coming.

Another of my ladies said that Bamboo is an excellent wood crop for floors, plywood, furniture, and even paper products, etc., it’s fast growing, strong, and quickly renewable

“Cissy” mentioned that she re-discovered her LP collection when she was given as a gift a combination record-player with Radio, CD player and Tape player recorder. She loves it because it looks so old-fashioned.

She began to look over her unused Long Play 33 1/3 speed vinyl records, especially the classics, so carefully cleaning her records she began to play them and tape some of her favorites so she could play them over and over again without wearing out the records, and she tapes some of her favorite songs off the radio. Granted she has to put up with a brief bit of commercials but it’s worth it and again a saving instead of buying the entire CD she gets the music she wants---“later on” she said “I’ll buy the best of ‘so and so’ but I’ll save up my cans and plastic for that.”

Other suggestions were ~~~~

Plans your meals in advance, see what you already have in your pantry and then only shop with a grocery list; avoid impulse buying at the Supermarket or anywhere. Make a check list of your pantry so you’ll know what you have and what you’ve run out of, and only buy store brands if possible and be sure to use coupons.

If you simply have the urge to shop then go to Garage or Yard Sales, but also go with a list, only get what you need. Another suggested Holding a Yard sale at least twice a year, “cleans out the closet and you make money, then what is left over I list and donate and get a tax write off.”

The concept of cans and plastic for money was also brought up---Crush them (cans) so you can store more, but be sure to spray for ants and such, they get attracted to the sugar.
One of the ladies said that she was sure if she saved the money from turning in the cans and plastic she could save up for a nice vacation.

Another said that when she bicycles she carries several bags with her to collect the cans she finds (wear gloves as well). She also is fairly close to her grocery store, so she bicycles there, she found a place that sells second hand sports items and she found what she calls a tag-a-long, mostly people put their kids into them, but she found that it works well to carry her groceries, especially that she uses the recyclable cloth bags from the store. It works very well but put a flag on it so people in cars can see it since it rides low and follow all the vehicle laws, don’t just blast through a stop sign and stay to the far right of the road.

She saw someone who didn’t follow the rules, run a stop sign and got hit by a car, she told the police that the bicyclist was in the wrong, which ticked the bicyclist off, but as she said---he broke the law.

Several of the ladies said that the idea of Ipods and other portable electronic equipment are “…just useless” with the exception of the cell phone, “… there are times when you have to be in touch with the office and your clients…or if the car breaks down….emergencies…..if you can write if off as a business expense that would be good, check with your tax person…it’s stupid to use that at your main means of communication with friends to just ‘chat’ that’s what e-mail and land line phones are for…..I still need my lap top for my job but to write that off in taxes would be good.”….this was all the round-robin talk on electronics.

But one of the ladies mentioned a news article that appeared in the May 25, 2008 issue of the Los Angeles Times that said that the old services that most people had abandoned are coming back, railroads, Steel Companies, mining concerns, and agriculture, what is old is now new again.

All the tech. industry has offered things that occupy our minds and entertain us but it seems that in the long run people are now running back to that which you can hold, whether its cotton, cooking oil, or metals like copper or steel or fertilizer for food crops. In comparing U.S. Steel to Microsoft, Microsoft has flat-lined while Steel has shot up 1,000% in recent years.

Now I had told the ladies several years ago just after the dot coms had deflated that in time the old-fashioned tried and true will become the new wave of the future, I had been saying one needs to look to what is China demanding, what China demands is the wave of investments of the future.

I kept my U.S. Steel stock because it was given to me by my grandfather and I held it out of sentiment and just allowed it to grow and do what it does, granted it’s fortunes have been up and down and when it was down is when I bought more stock, and just let the funds come in.

Yes there are towns in the mid-west that are dying, but they can be re-vitalized with the new demands in solid tangibles, mad cow disease be damned. Although it could be at the expense of the coastal areas, unless one invests in shipping or Ports, the U.S. can increase its export potential.

The only problem is that job growth in these sectors is slow and in some areas jobs have been lost. The ladies believe that it’s because of improved ways of farming that use less labor.

But it’s much more---If any of you can, do read this article from the May 25, 2008 Los Angeles Times it is written by Peter G. Gosselin, and he’s right---one just needs to look at the raw materials demands of China, India and Brazil which the U.S. is rich in.

That may be the wave of the future and a possible bull market for 20 to 40 years, even if the U.S. dollar maybe slow to bounce back.

In the meantime, the ladies and I are still looking for ways to budget and cut back, another thought is overextended consumerism.

One of the ladies is going to try for a year to only buy food, medicine, hygiene products, just pay bills, insurances, purchase only what is needed for the upkeep of her car, and see about getting for free her magazines, books, DVD’s and CD’s at the Library and avoid buying clothes. Of course she does need to maintain her hair cut, and she will get her shoes re-heeled and such. But she’s going to try to put some of our suggestions into action and see what happens.

As a matter of fact all of us are going to try to do the same, it will be interesting to see how much we can save.

But in the meantime I’ll also be packing and selecting my clothes for my little vacation, it will be nice to be out under the stars and enjoying peace and quiet.

Until Annon Darlings, Kisses.

Easter Wishes~~~

Hello My Diva Darlings,

Well I still have my heart problems, and the Doctor is planning on testing me with some sort of devise to see how my heart action is over a 48 hour period, as I understand it, it will determine if the pace maker will be needed.

Right now I'm at my brother's house in San Francisco for the Easter celebration,  the weather has been going from warm to cold, to warm and now possibly rain.   But that is the Bay Area for you.

Much of the family will be joining us tomorrow and I'll be so happy to see them, I just hope I don't get too tired.

On the investment front, Obama talks about bringing business back to the US, but frankly is he strong enough to do it, is my question.

One of my great nephews has been accepted at the college in San Jose, he wanted to go there because they have an excellent course on electronic engineering, not electrical engineering but electronic, there is a difference.

Because if you think about my Dear Diva's, everything has electronics's involved from planes, to trains, to Automobiles, elevators and the automatic coffee maker.  An acquaintance of my brother said that is an excellent field to get into as we do not have enough electronic engineers.  So it is quiet possible that my great nephew will be making a nice salary. 

And in terms of job or career opportunities that is where a very smart Diva in advance looks into what is the most needed that has the least number qualified, that can be a growth market.  And then the minute you start making a salary, start saving for retirement immediately, don't wait and say "Oh I want that fancy car"...the car will only last 10 years at the most, but retirement funds is a difference between living very well and living at poverty level.  Frankly I prefer living very well, even if it does mean I have to have a pacemaker.

But now I must go my brother is going to treat us to a little outing.

Have a very Happy Easter My Dear Diva's!

Until Anon.  Kisses.

Being "Frugal and Hunting Bargains" are in Style~~~

Hello All You Darling Divas!!

I know Darlings; I’ve been away for just too long. And don’t I realize that!

But so much has been happening in my life. Where do I start?

First, I am now an adopted Grandmamma, Juanita’s daughter Constance gave birth to a beautiful, healthy baby girl on October 30. The baby was a surprise to everyone, and a welcomed one.

And why am I an adopted Grandma? Constance and her husband have medical insurance but it doesn’t quite stretch to meet all the bills and although she was and is working full time, he had been out of work for a while but getting by with temporary and odd jobs and now finally has a full time job, so with 4 other children to feed and clothe it does get hard, yes 2 boys and 2 girls. As Manuel says quite a full house, so I’m helping to pay the medical bills for the baby.

When Constance came home with the baby I gave Juanita time off to help get Constance settled in with the new baby, and what I’m doing is having Juanita have more days off to be with Constance so she can rest and get into a routine with the baby.

One thing has Constance and Manuel worried is baby care because Constance can only take 4 months off from her work. She took the final month of her pregnancy off and will only have 3 months to be with the baby before she goes back to working as a secretary/ receptionist at her job and with the economy being the way it is she doesn’t want to lose it.

So Moi made a suggestion, my house is right on the way to where Constance’s job is, she can leave the baby with Juanita, we can have a complete set of baby things at my home, including disposable diapers, and Juanita can watch the baby during the day and then Constance can pick the baby up on the way home.

Juanita was worried that she might not be able to do things for me at the house, but I said that with the two of us and with “Molly Maids” from time to time, we should be able to give Constance peace of mind. It’s not like I’m a handful to take care of and I’m quiet capable of grocery shopping, taking things to the cleaners and such, although with having Juanita around it does make it easier in case a repair person is needed and I have to leave to take care of business.

And Constance’s older daughters and the boys can watch the baby while Constance is preparing dinner and they can help around the house as well. Which as I understand it, is not a problem since that is part of their responsibilities anyway.

So it’s a matter of adjusting our routines. And I have another little one to spoil as well.

Now about the economy-----Well Darlings, I don’t have to tell you that it is in “the toilet”. And such changes that are happening, even I have a hard time to keep up with it.

Fortunately my “Ladies Who Lunch” still get together and so far they have been riding out the ups and downs fairly well, with adjustments.

Can I tell you what to do in general about things? Sad to say No I can’t, because each individuals situation is unique, but there are some general things that you can do.

An important thing is to pay attention to the business reports especially about banking policies; recently it came out that two banking institutions were in the process of charging fees on good customers. How ridiculous is that!

One of my “Ladies” told me that the minute she heard about that she started looking into another institution that doesn’t do that.

Another told me that she left her credit union because they wanted her to keep more in her savings than before and if it went below a certain amount she would be charged a “maintenance fee”, what also aggravated her is that the closest branch closed and moved away from the business hub to a less accessible location for her, and the ATM is never properly maintained, I would say that is reasons to quit that institution and go with another.

So all you Diva Darlings, always keep a close eye on those extra fees that they are charging, and always read those little extra mailers that they send you that “tell” you of those changes, they are required by law to do that. And if they don’t, COMPLAIN AND COMPLAIN LOUDLY---if need be take it up a notch---speak with a supervisor---demand quality service---they are making money on your money anyway---the money that you put into their banks they use to make investments and purchases, so keep an eye if they are investing wisely.

One of my “Ladies” whom happens to know my dear friend “Mean Kitty” took a very hard hit, the bottom line is husband divorced her and left her in serious debt, she is of course trying to get some recourse, but it has been two years in the process, so she was forced to declare bankruptcy.

In a way she was lucky, she was awarded it, but she sold almost everything, there were no children involved, but she did find out that he had fathered a child by another woman who is going to be “new wifey” having seen an engagement ring with a rock big enough to choke a Shetland pony.

She met the woman in a friendly meeting, saw the baby, knew at once it was going to be an ‘ugly child’ and would need a lot of help, my “lady” told me that she hoped the child was ‘brilliant’ to help make it’s way in the world. Her words not mine.

Of course she didn’t say that to the Mother, no need to be cruel, but said that she hope the Mother and her Ex had an interesting life together. But also told her what her Ex-had done to her and warned the Mother to be on her guard with him and that she was compelled by law to seek some restitution from her Ex because it was not properly divided since this is a community law state.

She apologized to the new wife of her Ex and mother of his child, but said that it was the law, and she was only seeking that which is fair, and said she had no animosity towards the new wife and especially not to the idea of her Ex having a child.

She said that if the Ex would simply let their respective lawyers handle all the arrangements it would be nice to avoid court costs with the exception of the final judgment by the Judge and allow each of them to get on with their lives, and that either way her Ex would still come out of it in good shape. She even said that she would not seek any portion of her Ex’s retirement fund, if he allowed the lawyers to do “their thing”.

My lady told me that she at first thought that “new wifey” to be would become very upset, but instead was very reasonable, especially when she told “new wifey” about some of the hidden assets the Ex had that “new wifey” to be didn’t know about.

The final results were that she got what she wanted to make things better for herself, and she and “new wifey” are secret friends behind Ex’s back.

But because of the bankruptcy taking a hit on her credit score she cannot hold a credit card.

But she found out that check debt cards work like a credit card, so what she did is open a second checking account with the same bank and has been depositing extra cash into that debt card and maintaining running book keeping on it. She also has it linked to a savings account so that every month at the end of the month $25.00 is shifted into her savings.

She has found that with her no longer having to worry about those debts that she had, she has more freedom to exercise her choices on what she needs, or wants. And that is the difference.

One always has to discerned between the difference of a need and a want----

A NEED is something that you need to have if you want to have some function in life,--- for example if in your job it’s important to have a laptop, a DSL line or Wifi and a cell
Phone That is a NEED. Having an Iron and Ironing Board to press out your clothes is a Need. Being able to buy food is a need, having medical and dental insurance is a Need.

A WANT is something you desire, but is NOT necessary for you to function in life----

Example: a cell phone with all sorts of Apps so you can get onto Twitter and Face book, since that is not really necessary in your life it is only a Want. Expensive crystal wine glasses are a Want not a need. Buying a Gucci Handbag is a Want not a need. A plasma screen T.V. that is 72 inches is a Want not a need. Having a Mani-Pedi every two weeks is a Want not a need, when you can get by having it only once a month or not at all.

Another thing as all agreed upon by my “Ladies Who Lunch” being Frugal and hunting for Bargains is the new “In-Thing” even among those who can afford things.

One of my Ladies told me she got a CVS card with the CVS stores that use to be Longs in our Area; she gets coupons with purchases that she makes, especially if she purchases CVS products. She also buys her milk at CVS anyway because where she’s at it’s $2.49 a gallon compared to $2.99 at most grocery stores, and when she uses her CVS card it drops to $2.29 a gallon, and if she has an extra discount coupon that says “Real California Cows” she can get 50 cents to a $1.00 off a gallon of milk.

She has also discovered the 99 cents Hallmark cards, and uses them for birthdays, and special occasions, yes she does have to pay 44 cents for postage but she says that she enjoys the personal touch with a card.

She has also used the $20 dollar coupon from Wal-Mart that says you can buy a Thanksgiving dinner for 8 for $20 this includes a 12 pound turkey; she has used it and says that turkey is going to be used for dinner, soup, casseroles, and sandwiches.

So the word is to all you Darling Divas the New In Thing is being FRUGAL AND HUNTING BARGAINS.

But frankly my Dear Divas, as being a Diva that should also be your Mantra.

Must go my Dears Irma has come by to take me out to Brunch and since Juanita is at Constance’s home spoiling the baby, my time is my own.

Until Anon, Kisses.

An Update

Hello Darlings,

To some of you who know me personally, yes, I have not posted for some time, it is because so much has been happening in my life.

My Dear Friend Irma is currently very depressed, her older sister Iris, whom I bought her house last year, passed away in her sleep a couple of weeks ago and Iris and her husband are dealing with what is left of her estate and legal things.

This is really not giving Irma much chance to mourn and so I've been her shoulder to cry on. We only knew that Iris was feeling more tired than usual, but till the very end would dress and join the other members of her senior community for meals and events, but of late she had been passing on the events and started giving Irma her personal jewelry with notes as to which child to receive it.

This of course upset Irma, but I told her that it's possible that Iris was feeling something very subtle in her health that is not detectable by the usual exams and to just reassure Iris.

Little did we know that Iris was feeling the end to her life approaching, the good thing is that she passed away in her sleep after having a wonderful visit by Irma and her husband and Iris's two grown children.

I think it's just the suddenness of it that has Irma so upset.

I hope that when my time comes I'll be able to pass away peacefully like Iris.

And my attention is also turned towards my older brother who lives in Santa Barbara, I am worried for his and his wife's health and safty. My brother still has his house in the hills but he bought a house on the ocean side just south of Santa Barbara and is renting his hillside home. He'd been selling a number of his things that was in the house, just decided that it was for the best after the last fire.

But the minute he heard about the fire he called his tennant and advised him to get everything that was important and everyone out of there after setting up the watering fire system, to not hesitate.

His renter has done so and is safe, and my brother has been calling the house to see if it has burned but as of one hour ago he is still getting the answering machine so the house is still intact. He has insureance on it, but said that if it burns he will not rebuild and instead sell the property once it's been cleared off.

He has had enough and preferrs the sea breeze instead of the worry of fires. He also owns a Pied a terre here in San Francisco where he has put a number of things that he still owns, his grand daughter is currently living there while looking for a home to buy.

So I know that my brother and his family are safe which is important but these fires are just so frightening.

Even here in my little city there was a terrible fire last month, granted it did burn down an abandoned building, but the smoke from it made it hard to breathe.

And our weather has been hot, then cold, then rain and now muggy and getting hot again, at least I have serveral large walk in closets where I can pick and choose what I'll wear and not have to put anything into storage, except my furs.

Oh now Darlings don't be jealous, if you do as I have done to earn the "Diva Bucks" you too will be able to have several large walk in closets as I do.

I've been walking my little diva Princess, the little thing is doing so well, and fortunately so has my ankle that I injured last year, we still enjoy our walks to and along the beach.

Lately I've taken to shopping at several wonderful consignment stores, I find wonderful jewerly and things. It's wonderful to spoil oneself without breaking the bank, not that I have to worry about breaking my bank, but it does pay to be thrifty as much as possible.

I've given Juanita a few days off since this is Mother's Day weekend and told her to not come back until Tuesday, after losing Iris I felt that it was important for Juanita to spend as much time as possible with her family. I even had a third phone line installed dedicated for her use to talk to her family as often as she can.

I have two for myself plus internet access.

And now Princess is demanding her walk, and the weather is just fine.

Until Annon Darlings, Kisses

A Quick Note~~~~~

Hello Darlings,

I know I have been very neglectful here, but as with life I've been very busy, even my dear friend "Mean Kitty" has been busy.

But I haven't been stagnating either.

Taxes are done, thank goodness, I'm still holding Sunday luncheons with my "Business ladies who lunch" but we've decided to make it twice a month for now, but we still meet on Thursdays in the City. I am happy to say that everyone is doing well, and holding their own.

Juanita is going to become a grandmother again, and she is sooooo happy, it was a surprise even for her daughter, they did the amenosis test and the baby is healthy, I have offered to pay for any bills that are not covered by their insurance plan, I want this baby to come into this world with a chance---I know me! Me who has never had children---but there is something that makes my heart "mushy".

Juanita and her family have been good to me and I know times are tough for them.

Her Daughter and Husband were worried about losing their house because of the high interest rates, but I did this, with my lawyer I negotiated with the bank and took over their mortgage, so I hold the deed, But I lowered the rate to 4.50% to improve their cash flow, but what I am also doing is that if I should die, their loan is forgiven and they receive their house free and clear. It's a bit more complicated but since I was in a better position to re-fi than they were, we were able to work it out.

And I've been busy in other ways, I've had several large bond come due, so I'm buying property, property that can make a good investment income for me, in resort areas for summer and winter. And now I'm looking at property down near Montery, I'm a bit concerned about Santa Cruz especially after that earthquake that almost destroyed down town, but there is some property there that is built on very solid ground, Yes Darlings, if you have the funds and with the interest rates so low, this is the time to buy.

Land will never lose it's value as long as you buy it at the right time.

Hetty Green the so-called "Witch of Wall Street" (by the way you should read her biography) always said "Buy cheap and sell dear" meaning buy low and sell high.

And that is what I'm doing right now darlings, there are stocks that no matter what are recession resistant, not proof but resistant and that is what you should look for, the product will never go out of style, and I am in a position to do that.

Remember that Darlings.

Now I must go Darlings, I'm treating dear Betty to Lunch today in the City and we are going to do a little shoping, although it is very windy, warm coats and scarves recommended.

Until Anon, Kisses Darlings

More Budget Ideas....

Hello again Darlings,

I am happy to say that I am making excellent although slow progress, last Sunday I was able to take my little Darling Diva Princess for a walk, granted it was only two blocks, but it was a start.

I am hoping that the weather will warm up mildly; I’ve had just enough of the chill and the wind for one winter.

The other evening I had a wonderful telephone conversation with my Brother Tom, he has invited me and Princess to join him and his wife up to his cabin in the mountains for a few weeks, the grand children will be up as soon as school lets out, they spend a few weeks up there, then off to see a fantastic place like Zion National Park, or historic places, then they come back and spend August with the grand parents. But part of their arrangement as encouraged by their parents is to write a two page essay about each of the places they saw and how it historically created our society. I was very surprised to hear what their parents are doing but they told me it was to help expand their education and awareness---of course they will go to Disneyland, that is their treat for keeping their grades up, poor grades no Disneyland. I think it’s a fair deal.

But even I have found it to be so restful out under the stars, which is why my niece and nephew love to go camping with their children and have them see historic places as well. Good education they say, and I have to agree.

But interesting enough my brother and his wife are going up and staying there for a while because of some legal business, not that he is having trouble but he’s decided to make sure the Homestead on his property is up to date and he is having the land re surveyed to make sure the property lines are still correct.

Then he informed me that he was going in to buy the timber, mineral and water rights as well as any other rights to his land where the family cabin is located plus making sure that the right of way is correct. He told me that the rights were still available, but many people do not realize that when they buy property they forget all these other property rights and the homestead option to protect their holdings.

Especially if you are buying land in the country, by having the homestead and all these rights, no one can get the land out from under you, if nothing else they will be forced by law to pay fair market value, and they will have to pay you for the rights or to lease the rights from you. I don’t know all the ins and outs of this but to you my Dear Diva’s and Diva’s in training one other person to add to your people to assist you is a real estate lawyer or property lawyer.

Never assume that your property is going to be safe, not with the government trying to condemn the land right out from under you and then giving them over to private developers.

Always Darlings protect what is yours, never surrender it without a good fight and then make sure they pay dearly for it.

Hetty Greene, whom some people referred to as “the witch of Wall Street” was a very sharp investor, her policy was buy cheap and sell dear, invest in something that there will be a demand for. The thing of it is, what is it that they will want, that is the trick.

Personally I’ve been looking at food products and products that people will always need, a child will always love to eat Mac and Cheese, so who makes a good product that sells well? Then find out who owns it, and then find out who is the ‘parent company’, that would be the best one to invest in for the long term. Other products as well such as toilet paper, Supermarkets, commodities. But go in for the long run, the sustainable run, not a quick profit.

Gold besides being used for jewelry is used in electronics, dentistry, and other applications, that will always go up. But I also invest in Silver as well.

And how are all you Diva Darlings doing?

I hope you are all doing well. Especially with all the sticker shock that is going around.

My “Business Ladies Who Lunch” and I had a gathering this last week and had been talking about the economy.

We do agree that part of the problem is the cap on oil production with demand increasing especially in China and India. As well as the useless and dangerous concept of using Corn for a Bio-Diesel fuel.

As one of my Ladies said “We can’t all convert to Bio-diesel or buy a Hybrid or Electric Car. Our current budgets simply don’t allow such purchases and there are places we want to go where such resources of that type of fuel, or plug in’s are not available. So we are stuck with gasoline/oil.”

Another said that the use of Corn, a staple of most food products, is financially dangerous, “We should look into other products such as sugar cane, or a form of sedge grass that seems to work well, even soy---something that grows fast, is quickly renewable and is not the foundation of the food economy, even reusing cooking oil from our homes or restaurants, didn’t they do something like that during World War II (yes they did as an oil/glycerin substitute). Looking into what Brazil is doing is important.”

I have to agree but for many people who have cars that run on gasoline, if they do not have a vehicle that runs on diesel such a conversion is not possible, the only thing is to hope for that more people will buy diesel engines, run on bio-diesel and in turn lower the cost of gasoline because the demand will be less.

And currently the investment return on Hybrids would be a long time in coming.

Another of my ladies said that Bamboo is an excellent wood crop for floors, plywood, furniture, and even paper products, etc., it’s fast growing, strong, and quickly renewable

“Cissy” mentioned that she re-discovered her LP collection when she was given as a gift a combination record-player with Radio, CD player and Tape player recorder. She loves it because it looks so old-fashioned.

She began to look over her unused Long Play 33 1/3 speed vinyl records, especially the classics, so carefully cleaning her records she began to play them and tape some of her favorites so she could play them over and over again without wearing out the records, and she tapes some of her favorite songs off the radio. Granted she has to put up with a brief bit of commercials but it’s worth it and again a saving instead of buying the entire CD she gets the music she wants---“later on” she said “I’ll buy the best of ‘so and so’ but I’ll save up my cans and plastic for that.”

Other suggestions were ~~~~

Plans your meals in advance, see what you already have in your pantry and then only shop with a grocery list; avoid impulse buying at the Supermarket or anywhere. Make a check list of your pantry so you’ll know what you have and what you’ve run out of, and only buy store brands if possible and be sure to use coupons.

If you simply have the urge to shop then go to Garage or Yard Sales, but also go with a list, only get what you need. Another suggested Holding a Yard sale at least twice a year, “cleans out the closet and you make money, then what is left over I list and donate and get a tax write off.”

The concept of cans and plastic for money was also brought up---Crush them (cans) so you can store more, but be sure to spray for ants and such, they get attracted to the sugar.
One of the ladies said that she was sure if she saved the money from turning in the cans and plastic she could save up for a nice vacation.

Another said that when she bicycles she carries several bags with her to collect the cans she finds (wear gloves as well). She also is fairly close to her grocery store, so she bicycles there, she found a place that sells second hand sports items and she found what she calls a tag-a-long, mostly people put their kids into them, but she found that it works well to carry her groceries, especially that she uses the recyclable cloth bags from the store. It works very well but put a flag on it so people in cars can see it since it rides low and follow all the vehicle laws, don’t just blast through a stop sign and stay to the far right of the road.

She saw someone who didn’t follow the rules, run a stop sign and got hit by a car, she told the police that the bicyclist was in the wrong, which ticked the bicyclist off, but as she said---he broke the law.

Several of the ladies said that the idea of Ipods and other portable electronic equipment are “…just useless” with the exception of the cell phone, “… there are times when you have to be in touch with the office and your clients…or if the car breaks down….emergencies…..if you can write if off as a business expense that would be good, check with your tax person…it’s stupid to use that at your main means of communication with friends to just ‘chat’ that’s what e-mail and land line phones are for…..I still need my lap top for my job but to write that off in taxes would be good.”….this was all the round-robin talk on electronics.

But one of the ladies mentioned a news article that appeared in the May 25, 2008 issue of the Los Angeles Times that said that the old services that most people had abandoned are coming back, railroads, Steel Companies, mining concerns, and agriculture, what is old is now new again.

All the tech. industry has offered things that occupy our minds and entertain us but it seems that in the long run people are now running back to that which you can hold, whether its cotton, cooking oil, or metals like copper or steel or fertilizer for food crops. In comparing U.S. Steel to Microsoft, Microsoft has flat-lined while Steel has shot up 1,000% in recent years.

Now I had told the ladies several years ago just after the dot coms had deflated that in time the old-fashioned tried and true will become the new wave of the future, I had been saying one needs to look to what is China demanding, what China demands is the wave of investments of the future.

I kept my U.S. Steel stock because it was given to me by my grandfather and I held it out of sentiment and just allowed it to grow and do what it does, granted it’s fortunes have been up and down and when it was down is when I bought more stock, and just let the funds come in.

Yes there are towns in the mid-west that are dying, but they can be re-vitalized with the new demands in solid tangibles, mad cow disease be damned. Although it could be at the expense of the coastal areas, unless one invests in shipping or Ports, the U.S. can increase its export potential.

The only problem is that job growth in these sectors is slow and in some areas jobs have been lost. The ladies believe that it’s because of improved ways of farming that use less labor.

But it’s much more---If any of you can, do read this article from the May 25, 2008 Los Angeles Times it is written by Peter G. Gosselin, and he’s right---one just needs to look at the raw materials demands of China, India and Brazil which the U.S. is rich in.

That may be the wave of the future and a possible bull market for 20 to 40 years, even if the U.S. dollar maybe slow to bounce back.

In the meantime, the ladies and I are still looking for ways to budget and cut back, another thought is overextended consumerism.

One of the ladies is going to try for a year to only buy food, medicine, hygiene products, just pay bills, insurances, purchase only what is needed for the upkeep of her car, and see about getting for free her magazines, books, DVD’s and CD’s at the Library and avoid buying clothes. Of course she does need to maintain her hair cut, and she will get her shoes re-heeled and such. But she’s going to try to put some of our suggestions into action and see what happens.

As a matter of fact all of us are going to try to do the same, it will be interesting to see how much we can save.

But in the meantime I’ll also be packing and selecting my clothes for my little vacation, it will be nice to be out under the stars and enjoying peace and quiet.

Until Annon Darlings, Kisses.

What to Read to be a Diva

Hello Darlings,

I do not know where all of you live, but if you live here in the San Francisco Bay Area, I do hope you have been enjoying the Sunshine.

My little Diva Darling, Princess and I have been enjoying our early evening walks along the beach, but I do confess that towards evening it still gets a bit chilly.

I know that some of you are wondering what have I been doing for the last week or so, well Darlings, working with my Tax preparer and getting the Taxes filed, such work and making sure I have all the information, but it's done.

On Valentines day my other speical friend Kenneth and I had a wonderful dinner at a delightful restraunt in San Francisco, but I can't remember the name it was such a surprise.

And of course the mundane, grocery shopping with Juanita ( I really let her plan the menus, and shopping with her can be an adventure, if it's not up to par we go somplace else or we will find it at Andronico's), and having some men replace a damaged gutter that the high winds managed to bend, it didn't harm the house but it needed to be fixed.

Now Darlings, I’m going to talk to you briefly about reading materials, yes Darlings reading materials.

Now remember what I said the last time I posted that I use the public library. Well I still strongly recommend the library to save you money, think of all the subscriptions you do not have to buy, the DVD’s and CD’s and books you do not have to rent or purchase when you use the public library. As long as you return it on time it is a savings. Make going to the Library part of your shopping day, that is shopping for things for the home.

I prefer Thursdays myself, all the sales have started.

But there are subscriptions that you should think about getting and these are a few suggestions especially if you plan to invest.

Kiplingers Personal Finance (they also have a monthly news letter called Kiplingers Retirement report)

Money Magazine

Now if you live in the San Francisco Bay Area and are thinking in terms of Real Estate or businesses there is the San Francisco Business Weekly and the East Bay Business Weekly (one covers San Francisco and the other the East Bay side of the Bay)

Investor’s Business Daily this is a daily newspaper that covers the business investment news

Business Week

The Economist

Now if you want something to cover Society and Fashion I recommend these 2 two of them are local and 2 you can find on the news stand.

The news stand ones are Vanity Fair and Real Simple. Now why those two, well Darlings Vanity Fair has the most wonderful articles much better than Vogue and it is always up to date on fashion. Real Simple has wonderful ideas on almost everything which can be inspiring.

The two that are locals are really for those wonderful Darlings that Live in the San Francisco Bay Area the first of course is San Francisco Magazine, it will tell you all about the Society events and wonderful places to go to as well as some very interesting articles that could lead you to wonderful investments.

The other magazine is a bit trickier, it depends upon where you live this is a local publication that will cover the city or county that you live it and it will have the name such as Oakland magazine or Diablo magazine etc. This will cover the events and list places to consider on your free evenings or days. And it will keep you up to date and in the know about who is who.

Now if you are those wonderful Divas that live outside of the Bay Area such as Los Angeles, Santa Barbara, San Diego, Chicago, New York etc. You will find comparable magazines of the same time in your local area, but the ones for investing you will find almost anywhere, unless you are living in a cultural desert for which I can only suggest to get out as soon as you can and only go back there just for mental vacations.

Because just as it is important about what you know it is equally important about who you know. But never forget where you came from and the family and friends that have supported you and have given you solid life values remember them always and cherish them.

Just as a “side-bar” although I have become very wealthy, that for my late husbands sake I cultivated social connections, I never forgot all the wonderful things that my parents did, the hard work my father did to get to a point of financial and social promince, my mother still being an old-fashioned home maker but getting use to the idea of having staff to assist (we never-ever called them ‘servants’ they were Staff always remember that my dear Divas) and still making time to always have family fun together, going to church every Sunday and always being aware that not everyone was as lucky and fortunate enough as us, that there were people for whom fortune did not always smiled upon but that within themselves they were as precious as gold.

My parents were right, there were several young people that I knew and became friends with and because I suggested to my father that it might be a good idea to help them out, one became a successful inventor, another a well-established artist and the third an editor for a publishing company, and we are still friends, even if we are still living in various parts of the world. Always remember that Darlings.

Now Darlings if you do not have the funds to subscribe to all these magazines do not worry, by going to your public library you can see which magazines would fit your needs and just subscribe to a few, while the others you can read in the library or photocopy those articles that will have the information that’s needed even at 15 cents a copy that is far cheaper than paying $4.95 for the whole magazine.

Investor papers such as Value Line, Morning Star, Mergent and the Standard and Poor’s stock guide should be available at your library and again you can photo copy those pages to see about the progress of a stock that may have your interest.

There are always books on how to read the financial pages, how to invest, but if you are still unsure about yourself, look for seminars or classes offered by schools or colleges that you can take classes in. It is possible that you can audit a class as a guest without having to sign up for college itself.

Now I have several young friends who are getting established in life and they want to know how they can have the Diva Look while they are still trying to get the Diva Bucks.

The first is avoid using your credit cards, only use them occasionally and pay it off with 3 payments, remember credit cards is a bad debt, whereas owning and paying on a home (that has been reasonably purchased) can be a good debt, now why is that? Very simple Darlings, the interest on a home loan can be taken off in taxes but not the interest paid on a credit card---interest paid on a credit card is money lost. Interest on a home loan is money gained.

There are many other things that you can do and I will cover that in another Blog.

The Sun is out and shining my darling friend Kevin and I are going to an estate sale auction that starts at 2 p.m. and being the hungry man that he is, he doesn’t want to miss out on the appetizers that they will be serving.

Until Anon Darlings, Kisses.