2 Broadcaster Press September 20, 2016 www.broadcasteronline.com Dave Says Owing On Commercial Dear Dave, My husband and I own three commercial buildings in Boise, Idaho, that are leased out long-term. We owe about $500,000 on one and $400,000 on each of the others, and they earn $190,000. The only other debt we have is a small amount left on our mortgage. I know you don’t like debt, but is it okay to owe on commercial properties that are making good money? Dawn Dear Dawn, I own several commercial buildings, and I don’t owe a dime on any of them. So, I can’t tell you that I think it’s okay to have debt on commercial buildings. I believe the best plan for building wealth is to become debt-free. Now, from the situation you’ve described, that doesn’t necessarily mean you guys should be in panic mode and start selling everything in sight. But I do think that you should systematically work your way out from under these debts over the next few years. If I were in your shoes, I’d go ahead and get the house paid off first. Then, I’d take a look at these commercial properties, and begin working the debt snowball on them. Start throwing as much money as you can at the smallest debt, while making minimum payments on the other two. When you get it paid off, roll that amount over — along with every dime you can dig up —and attack the second largest one. Follow these steps until you pay off all of your commercial properties. It might take up to 10 years in your case, because we’re talking about at least $1.3 million in debt. If you have a bunch of equity in one you don’t particularly like, you might consider selling it and throwing the cash at the remaining two. But whatever the time- Dave Ramsey line, I’d develop a hardcore game plan to get rid of this debt. Wouldn’t it be cool to have all that paid for? Talk about cash flow! — Dave Split It With You Student Communications (2016) Dear Dave, My wife and I are debt-free except for a car and our house. The car is financed through her mom, and her dad agreed to send us By Daris Howard half of the payment each month. We owe $7,700 on the car, and we have enough cash right now to pay off the car in full with plenty left over. Should we do this, even though her dad is making $100 Most of my college students are bright, fun to teach, and of the payment each month? work hard. But each semester I get interesting letters, emails, Dustin phone calls, and other correspondence from a few students. I save these, and, occasionally, I compile them into a column. The last few years I have shared some of these, and, with school just starting, I thought I’d share a few more. I don’t think any of these comments need any explanation, other than to say that I changed or removed any names for anonymity. Also, I pared down a few of them a bit. ***** (Email correspondence) Girl: Did someone by chance happen to turn in a phone to you after class today (Monday)? It’s an iPhone 6 and it’s a rose-gold color. Me: Yes. I have it in my office. Girl: Awesome! Thank you! Will you be able to bring it to class on Wednesday? Me: Yes. Can you live without it that long? Girl: Haha! Yes, I'll be fine. It's too much of a distraction anyway. I do better in my classes without it. I ought to just get rid * Dave Ramsey is America’s trusted voice on money and busi- of it. ness, and CEO of Ramsey Solutions. He has authored seven best***** selling books. The Dave Ramsey Show is heard by more than 12 Dear Professor Howard, I wanted to write to tell you how million listeners each week on 575 radio stations and multiple much I enjoy your class. I have never been good at math and digital platforms. Follow Dave on Twitter at @DaveRamsey and have always struggled to get the concepts. With the humorous on the web at daveramsey.com. scenarios and stories you tell to help us understand the concepts, the class is a lot more fun. I still don’t get the math, but at least I’m enjoying the class while I’m not learning the math. ***** Professor Howard, I am really mad. You said the test was importantly, recognize the right out of the homework, but the problems had numbers using drugs before age 18. power you have to positively changed in them, and I had all of the homework answers memIt is crucial for the health impact your kids. orized. and safety of our children On Sept. 26, do something to ***** that we do whatever we can remind your family how much Professor Howard, I am really ticked off about the test, espeto prevent substance use for you love and support them. cially problem 12. I don’t think it was fair. I know we went over as long as possible. I hope you Find time to play with your it the day of the test review, but I didn’t understand it, and I will consider joining parents kids, eat together as a fam- don’t think it’s fair to put something on the test that I don’t across the country in signing ily or just help your children understand. the Family Day STAR pledge. with their homework. You ***** Commit to spending time can show your own Family Hi Professor Howard, In class today you said that the averwith your family. Talk to your Day activity by taking a selfie age on the test was over 80% . I think that I must have gotten children about the dangers with your family and using the the wrong exam when I went to the test center because I really of drugs and alcohol. Most hashtag #myfamilyselfie on bombed it and was nowhere near 80%. I got in the testing center yesterday, and yes, it was over polynomials and the things social media. Parents and grandparents that we did in class, but I couldn’t figure out a single problem. th Beginning Oct. 4 need to know what is on kids’ It was like nothing I remember doing. So what I’m thinking is minds. It’s the little things – that maybe I got some other teacher’s test and not yours. It did the everyday activities – that have your name at the top as the teacher, but I think maybe the have a lasting impact on chil- computer did that by mistake, too, because as little as I knew dren, and these kinds of activ- I’m sure it couldn’t be the right test. Is there a way I could be ities provide an opportunity given a chance to retake it so I can get the right exam? (I let him retake it just to see if something was wrong and for you to listen to your kids. 3.5” xconversation could end 30 pt got this note.) One 2.5” | Maximum Font Size: then Professor Howard, I went up making Maximum Font Size: 30 pt 3.5” x 2.5” |all the difference. in to take the test again and it was the same test, and I didn’t understand it anymore than I did before. Maybe I should come see you for some help. ***** Hi Brother Howard. You Curt Robinson know that project quiz that Financial Curt Robinson Advisor Patrick M Higgins Curt Robinson had one true/false question. I Financial 23 Market Advisor Advisor Street Financial Advisor Financial SD 57069 Vermillion, did it and got it wrong. I was 23 Market Street 23 Market Street 605-624-2028 23 Market Street wondering if there was any Vermillion, SD 57069 SD 57069 Vermillion, SD 57069 www.edwardjones.com Vermillion, 605-624-2028 605-624-2028 way you would reopen it for 605-624-2028 www.edwardjones.com www.edwardjones.com www.edwardjones.com me because I’m sure I know the right answer. (I wrote her back and said Member SIPC that if she would show me her work, I might give her partial Member SIPC credit, and she said no, it was okay. She thought she would skip it.) ***** A fellow teacher shared this communication from a female student: Dear Teacher, Is it possible that I could turn the assignment in another day? I have had a relapse with my cold/flu and I am having a Lemon Basil Granita hard time constipating, but I (adapted from my friend, will get it done. Dear Dustin, If her father had agreed to send you guys $100 each month, ask him to continue doing that for the duration of the agreement. Then, you guys pay off the car now with your cash. There’s nothing dishonest about this, as long as you explain the plan to her parents and they’re agreeable. The reason for this approach is two-fold: it gets the debt paid off, and then you can get the car put in your name. Plus, a situation like this represents drama just looking for a place to happen, if it hasn’t already. Family relationships take on a weird vibe when money has been loaned and borrowed. If they’re not agreeable to the idea, that’s okay. All you can do is ask. But one way or another, I’d be out of this situation before the sun goes down! —Dave Celebrating Family Day In South Dakota By First Lady Linda Daugaard: On Monday, Sept. 26, Dennis and I will celebrate Family Day. Family Day is a national initiative created by The National Center on Addiction and Substance Abuse to promote family engagement as a way to help prevent substance abuse. It’s no secret that even in South Dakota we live in a time when our kids and grandkids are pressured to participate in unhealthy activities. Smoking, drinking and using other drugs often begin in adolescence and can lead to addiction. According to The National Center on Addiction and Substance Abuse, nine out of 10 Americans who meet the medical criteria for addiction started smoking, drinking or Have 403(b) Have 403(b) questions? Let’s talk. questions? Let’s talk. . . 4th 4 th Annual 2nd A nnual Betty Smith’s lovely dessert) “Run from the POLICE” “Run with the POLICE” 2 cups of water 1 cup sugar 2 Tablespoons lemon or lime juice 2 cups diced lemon or lime basil Boil water, sugar and lemon juice together. Pour the heated mixture over the diced herb and let it steep for 10 minutes. Strain. Place in refrigerator Grace Freeman, RN until cooled. In a brownie pan, pour is owner and operator of a the mixture to evenly distribute. Place small market garden farm in freezer for exactly one hour. Use a northwest of Vermillion. fork to gently ‘fluff ’ the mixture as it is She sells herb plants, and freezing, when that hour is up. Place fresh herbs at the Vermillion back in freezer for another hour. Take Area Farmer’s Markets on out and ‘fluff ’ again with a fork. Place Thursday afternoons at the in freezer for one more hour. This Clay County Fairgrounds off time ‘fluff ’ the mixture with your fork of Cherry St. in Vermillion. and place into serving dishes to serve immediately as a refreshing dessert. Or can be transferred into a plastic tub and kept in freezer until necessary. Thursday, September 29 Saturday, September 27th Sauteed Greens with Fresh Tomatoes (from Madison Wisconsin’s CSA cookbook, from Asparagus To Zucchini) 5K fun run th Registration atat 8:00am with the run startingat 8:00pm @ Prentis Park Registration 7:00pm with the run starting at 8:30am @ Prentis Park $20.00 registration includes a T-Shirt (while T-Shirts last) Any runner “caught” by by a cop will “arrested” at the finish line. Any runner “caught” a cop will be be “arrested” at the finish Arrestees will have have to make a minimum donation of line. Arrestees willto make a minimum donation of $5.00 to to F.O.P to be out. All proceeds go to the . $5.00 to the F.O.P the be bonded bonded out. Vermillion F.O.P. go to the Vermillion F.O.P. charity which All proceeds charity which supports the Vermillion area. supports the Vermillion area. Come see if you’re faster than the Vermillion area’s finest! All proceeds go to the local Vermillion Fraternal Order of Come see if you’re faster than the Vermillion area’s finest! Police. All proceeds go to the local Vermillion Fraternal Order of Police. Come run/walk with us and have some fun! Come run/walk with us and have some fun! ForFor more information or to Pre-register contact more information or to Pre-register contact Deputy Kyte at Kyte at 605-677-7100 or dkyte@fop.net Deputy 605-677-7100 or fop5krun@gmail.com 1 sliced onion 3 Tablespoons olive oil 1 cup chopped tomatoes ¼ teaspoon fresh chopped basil 1 teaspoon fresh chopped oregano 2 pounds of greens: kale, collard, or Swiss chard, diced 1/3 cup parmesan cheese Sauté onion in oil. Add tomatoes and herbs, sautéing 5 minutes. Add greens and simmer on low for 15 minutes, stirring as needed. Add ¼-1 cup of water as needed to keep greens from sticking to pan. Serve hot as a side dish. Topping with a teaspoon of cheese. Salt and pepper to taste. If you or someone you know would like to be featured in Cook’s Corner please contact micki.schievelbein@yankton.net Don’t get left out in the rain! The Broadcaster has all the deals you need to keep you high and dry! 624-4429 www.broadcasteronline.com | 605-624-4429 201 W. Cherry Street | Vermillion, SD broadcasteronline.com