Chick Inn update

We the Chick Inn is coming along nicely. Greg is very clever. Unfortunately the rain is not going to cooperate and it has put progress back a fair bit. I was going to go up to Belmont on Sunday to get some chooks but the pen won't be ready so I can't get any yet - bummer!!!

Oh well - at least it gives Greg more time to complete it and then me time to paint it. It is going to be great. I picked up a screen door I won on Ebay yesterday too, that will make it easier to get in/out of the run.

SAVING MONEY

You can use the money that you save to pay off debt, buy yourself something that you need or want or put it away for your future - anything!!! If you have debt - use every spare cent to pay it off - debt is like a ball and chain around your neck - not good.

We have one debt - our mortgage - that goodness this is all we have. I call this good debt, but it is still BAD. I call bad debt a car loan or credit card debt or store card debt.

Bad debt is debt that you have and the item will only depreciate (go down in value over time). Examples of this are cars, shoes, clothes, appliances, furniture, mobile phones. Bad debt gets a lot of people in trouble and at the end of it all they may feel they have nothing to show for their debt - except an old car that is not worth much, clothes that are out of date, wrecked furniture and a mobile phone that is now not the latest or greatest.

PAY THIS DEBT OFF AS FAST AS YOU CAN - DO NOT NOT NOT ADD TO IT!!!!!

Good debt is debt that you have and (hopefully) the item will appreciate (go up in value over time). Examples of this are houses, investment properties, renovations on the house, landscaping etc.

Although I call debt good and bad, really all of it is bad because you pay interest on debt. That means you pay more than what you paid for the item initially because you pay a premium to be "loaned" the money to get what you want. Unfortunately, most people don't have a spare $500K ++ laying around for a house so we have to do this.

By changing things in your life slowly you can get rid of your debt. By taking your lunch every day to work/school and putting the $$ you save onto your debt, it will reduce quickly. Try it and see - small effort for BIG return!!!!!