RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Expecting a Storm? Plan-Ahead Tips for Property Owners

July 15, 2016 1:12 am


Preparation is vital for property owners that stand to be impacted by an impending storm—so much so that it can be life-saving even after storm conditions have subsided.  Post-storm cleanup, especially, can be made less challenging with precautionary measures.

“Preparing for bad weather is always wise,” says Kris Kiser, president and CEO of the Outdoor Power Equipment Institute (OPEI), an internationally-recognized association. “While everyone thinks about buying milk, bread and toilet paper before a storm, many people forget about making sure their outdoor power equipment is in order “It's important to keep your equipment in working order, have the right fuel for your generator or chain saw, and know where your safety gear is.”

Kiser and the OPEI suggest property owners plan ahead for a safe cleanup by:

Taking Stock – Take a look at the property and consider what-if scenarios:

• Will the buckling deck survive the storm?
• Will the shed withstand high winds?
• Will that tree fall?

Inspect the equipment you do have and purchase other items, such as a chain saw, reflective clothing or safety goggles, if needed.

Fueling Up – It is common for fuel stations to close in the days following a severe storm. Stock up on the fuel needed to power any outdoor equipment you may be using, including a generator. Bear in mind that for outdoor power equipment, it is illegal to use fuel containing more than 10 percent ethanol.

Reviewing – Before the storm hits (and the power potentially goes out), take time to review operator’s manuals of any outdoor power equipment you plan to use for post-storm cleanup. Reviewing this information can help reduce safety risks when operating the equipment.

Staying Safe – To minimize hazards during cleanup:

• Exercise extreme caution when using a chain saw. A chain saw can “kick back” when the chain touches an object, so stand with your weight evenly distributed to both feet, away from the blade. Do not use a chain saw with one hand.

• Keep stable footing when using a pole pruner or saw. Ensure any bystanders and power lines are at least 50 feet away from the area.

• Ventilate portable generators. Do not operate a portable generator inside the home or the garage—doing so can cause buildup of carbon monoxide, which can be lethal. Place the generator outside of the home, away from windows, doors and vents.

Remaining Aware – Note the area surrounding the cleanup zone. Do not allow others (pets, included) in the zone, even if cleanup is just beginning. Stay abreast, too, of physical limitations. Keep hydrated and take breaks, if needed.

Source: Outdoor Power Equipment Institute (OPEI)
 

Published with permission from RISMedia.


Tags:

3 Tips from the Rich to Build Wealth

July 14, 2016 1:12 am


The overwhelming majority of affluent Americans accumulated their wealth not through inheritance, as is commonly believed, but through earned income and investments.

The financial editors at Money Magazine recently interviewed a sample of well-off individuals, coming up with three universal tips that may help average folks to build wealth:

1. Get There Slowly – While some attained wealth fairly quickly by starting the right business at the right time (or developing a killer app), most entrepreneurs say you can amass the better part of $1 million if you start to earn at a young age and remain persistent about saving for the long haul.

A 25-year-old beginning at $40,000 a year, for instance, who gets 2 percent annual raises and contributes 12 percent of his/her salary each year to a 401(k), would end up with an account worth more than $1 million at age 65, assuming a 6 percent annual return and an employer match of 3 percent per year.

2. Stick with the Basics – Many wealthy people own non-traditional investments, including hedge funds, timberland, and art, but when they were asked by Money how they made their greatest investment gains, 89 percent said traditional stocks and bonds.

3. Don’t Try to Out-Guess the Market – With pundits constantly predicting which stocks are heading up or down and which sectors will sizzle or fizzle, it’s easy to get the impression that success lies in shrewdly shifting your money around. The majority of the rich don’t buy that.

Just 14 percent asked by Money said they made the bulk of their investment gains by timing the market; the other 86 percent credited their success to good old buy-and-hold investing. They key, they said, is investing in a diversified mix of stocks and bonds, and riding the long-term upward sweep of the market.
 

Published with permission from RISMedia.


Tags: