I mean when we are talking money in 2007, it is primarily data so it is not unlike email.  We send email instantly over the internet no matter the location.  In fact, many times the respondent responds nearly instantly (almost like IM).

If we can do that, then why does a transfer of money from a bank account to a Paypal account take 5-7 days – especially when similar transfers have happened in the past and have validated the pathways, accounts and all the necessary data connections.  After 3 days, we got a notice that the money was withdrawn from our bank account but it was not deposited to the Paypal account for another 2 days.  This sounds like a scheme to earn micro interest instead of stream lining a system.  Clearly efficiency is not part of the goals behind money transfers in the Paypal system.

I eventually got the money and was able to pay for my items but it seems like Paypal and perhaps all financial instituations (banks) are abusing technology because they don’t believe we can understand what they are doing.  They are wrong!

Post from: Glenn's Daily Script (c)2007 Glenn Thompson. For Downloads, Pictures, and other great content go to Glenn's Daily Script. See Glenn's Daily Script Legal Information Page for Disclosure, Fair Use, Copyright, Creative Commons notices.

Ebay and Paypal

This year though, at least for us, some unplanned for stuff hit us. We are working with a tax guy who seems to be bright and asking us good questions and telling us about stuff – both good and scary stuff. We are the decision makers so it ultimately comes down to what we want to do but at least we are more informed.

Some of our issues, the short term stuff, is definitely better off. The longer term issues are still up in the air. I’m a bit worried about it. Ain’t money and taxes grand?

Post from: Glenn's Daily Script (c)2007 Glenn Thompson. For Downloads, Pictures, and other great content go to Glenn's Daily Script. See Glenn's Daily Script Legal Information Page for Disclosure, Fair Use, Copyright, Creative Commons notices.

Taxes – scary stuff

Because of this, we decided to hire a tax person. We didn’t want an inexpensive tax guy (HR Block). We wanted someone who will certainly help us lower our taxes for this year, if possible. More importantly though, we wanted someone who will help us address our financial issues so that we can minimize these unexpected issues in the future.

We found someone through a friend and met with him. He has some very credible ideas. I find him a bit aggressive which in turn is hard to deal with but at the same time, it is good to have someone who is not afraid of bad news and will deliver that bad news with the necessary action recommendations.

We got some bad news today. We got some good plans. We got some preliminary ideas that we will vet further in the coming months. Overall, we began something that will probably make our overall savings and portfolio healthier in the long run though there might be some scary stuff going in it for the short term to get it cleaned up.

We’ll also have to see how we work these changes with our current Financial Advisor. It is likely changes are going to be made. I’m not sure how these changes might occur given that I’m not clarvoyant. It could be smooth and everything is great and our FA does everything smoothly and has some positive and cooperative things to add. It could be negative and we could choose to change FA’s. Likely it will be somewhere in the middle.

Stay tuned!

Post from: Glenn's Daily Script (c)2007 Glenn Thompson. For Downloads, Pictures, and other great content go to Glenn's Daily Script. See Glenn's Daily Script Legal Information Page for Disclosure, Fair Use, Copyright, Creative Commons notices.

Adding a another financial consultant