Here is your weekly edition of Three Thought Thursday – three things I’ve discovered or used this week I thought worthwhile enough to send to you. Enjoy!
Gmail Boomerang – (link)
This is a great add-on to Gmail. Send emails at a later date, have Gmail remind you of important messages, automatic follow-up on sent emails and more.
Health Savings Account – (wiki)
If you have a high deductible healthcare plan (defined here), you can invest up to $3,350 (individual) or $6,750 (family) each year in a Health Savings Account (HSA) which is tax deductible. Withdrawals from the HSA for qualified medical expenses are tax-free at anytime. As long as you keep proper records, you can even reimburse yourself in a later year for medical expenses which you paid out of pocket after you established the HSA. Additionally, after the age of 65, funds can be withdrawn for anything (even non-medical) which are taxed at your tax rate (similar to a 401k). I use HSA Bank (link) and highly recommend them.
Buy Nice or Buy Twice – The Boots Theory
“The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money.
Take boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles.
But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that’d still be keeping his feet dry in ten years‘ time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet.
This was the Captain Samuel Vimes ‘Boots’ theory of socioeconomic unfairness.”