Bob Norton Consulting - July 2018

www.bobnortonconsulting.com 877-799-3736 info@bobnortonconsulting.com JULY 2018 NORTON NEWSLETTER EASE OF MIND • AVAILABILITY • FLEXIBILITY • INDIVIDUAL APPROACH • EXPERIENCE • TAX SAVINGS OPPORTUNITIES THE REAL ESTATE TAX PRO ™

FROM THE DESK OF Bob

Have you ever seen the movie entitled “The Money Pit” with Tom Hanks? That’s how I’m feeling as I write this in the first week of June. Penny and I closed on a new house in early May, with the hopes of moving into it by the beginning of June. Our plan was to do some cosmetic updates on the new house so that we can move in and then rent out our old house. Well, just like in the movie, every time we begin to work on something, we find something else that we should fix first. And we’re finding that all the “little” things add up fast .

ADULTING101 6 L ife S kills to T each Y our K id B efore T hey M ove O ut

The day is finally here. After 18 (or so) years, your child has reached adulthood; they’re ready to spread their wings and leave the nest. Whether your kid is going to college across the country or moving into their first apartment across town, this can be a bittersweet time for families. While parents are often proud to see their children entering the “real”world on their own, it can be nerve-wracking at the same time. As parents, we constantly worry that we haven’t done enough to prepare our children for adulthood. Doesn’t it sometimes feel like we’re still learning ourselves? If you’re worried about your kid not being self-sufficient, here are the most important life skills to teach them before they leave home.

Fortunately, the new house is not as bad as depicted in the movie!

As an entrepreneur, I want things done yesterday. However, contractors and suppliers have lead times for getting the material ordered and the work done. Penny likes to paint, so she’s been repainting the interior walls. We have the electrician, plumber, and flooring scheduled. Now, it looks like we’ll move in by July 1.

COOKWITHOUT A BOX

You may not want your child living on ramen noodles and boxed macaroni and cheese for the first year after they move out. Cooking can seem intimidating at first, but let your kid know they don’t have to be a French chef to prepare decent meals for themselves. In addition to learning how to read a recipe and handle a stove, you also want to make sure your child is practicing basic kitchen safety. Find a safety checklist at thespruceeats.com/top-kitchen- safety-tips-481834 .

CHANGE A TIRE

Everyone gets a flat tire at some point. When your child inevitably ends up stranded on the highway, you don’t want to hope the guy who stops to help them really is a good Samaritan. Changing a tire is a basic life skill that can be a lifesaver in an emergency. Make sure your kid has the necessary tools in their car at all times, and ensure that they know how to put on the

-Bob Norton

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