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	<title>Comments on: Reader Mailbag #32</title>
	<atom:link href="http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/</link>
	<description>Simple, applicable personal finance advice for the modern world</description>
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		<title>By: Max</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-2/#comment-397021</link>
		<dc:creator>Max</dc:creator>
		<pubDate>Sun, 19 Oct 2008 02:21:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-397021</guid>
		<description>Hey Kyle- I wasn&#039;t in a position to do what you were doing when I was 20, but I&#039;ve taken a few month long trips. . .I&#039;m now planning on doing a 6 month to 1 year long trip. . .maybe picking up some language skills but really just expanding my horizons. 

I&#039;ve got confidence that my skills are in need and will continue to be in need when I get back. I&#039;m sure yours are too. 

I like this guys blog about travel http://chrisguillebeau.com/3x5/ but there are plenty of others. You shouldn&#039;t need as much money as you&#039;ve stated unless you spend all of your time in europe. . .</description>
		<content:encoded><![CDATA[<p>Hey Kyle- I wasn&#8217;t in a position to do what you were doing when I was 20, but I&#8217;ve taken a few month long trips. . .I&#8217;m now planning on doing a 6 month to 1 year long trip. . .maybe picking up some language skills but really just expanding my horizons. </p>
<p>I&#8217;ve got confidence that my skills are in need and will continue to be in need when I get back. I&#8217;m sure yours are too. </p>
<p>I like this guys blog about travel <a href="http://chrisguillebeau.com/3x5/" rel="nofollow">http://chrisguillebeau.com/3&#215;5/</a> but there are plenty of others. You shouldn&#8217;t need as much money as you&#8217;ve stated unless you spend all of your time in europe. . .</p>
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		<title>By: Matt</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-2/#comment-395600</link>
		<dc:creator>Matt</dc:creator>
		<pubDate>Fri, 17 Oct 2008 06:26:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-395600</guid>
		<description>Kyle
Dude, You have to travel.  I was in much the same position as you and threw it all in and went traveling for a year.  It cost me about 12k all up, as I did lots of backpacking, camping and roughing it.  But I couldn&#039;t recommend it higher.  Now I&#039;m getting closer to 30, my career and finances are getting more important, but if I was in my early 20&#039;s again, I&#039;d do it over.  Money can be lost or gained quickly, and I&#039;d hate to think I spent my youth worry about money and missed such a great opportunity. Plus, now my career is in full swing, I would find it incredibly difficult to take an entire year off.  So do it while you can!

Matt</description>
		<content:encoded><![CDATA[<p>Kyle<br />
Dude, You have to travel.  I was in much the same position as you and threw it all in and went traveling for a year.  It cost me about 12k all up, as I did lots of backpacking, camping and roughing it.  But I couldn&#8217;t recommend it higher.  Now I&#8217;m getting closer to 30, my career and finances are getting more important, but if I was in my early 20&#8242;s again, I&#8217;d do it over.  Money can be lost or gained quickly, and I&#8217;d hate to think I spent my youth worry about money and missed such a great opportunity. Plus, now my career is in full swing, I would find it incredibly difficult to take an entire year off.  So do it while you can!</p>
<p>Matt</p>
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		<title>By: C</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-2/#comment-394591</link>
		<dc:creator>C</dc:creator>
		<pubDate>Wed, 15 Oct 2008 17:54:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-394591</guid>
		<description>Re: quitting job to travel.

 With my first (and last) engineering job out of school, I worked for a company that sold engineering equipment to Asia. I got to travel 12 times in 5 years, including several 3 week trips to Asia. Some of these countries were too expensive to visit as a tourist (Japan, Hong Kong) but I got employer to pay for it all, and plenty of time to see the sites. Had I been available, I could have had long term expat employment in Singapore, China, or Philippines. 

In the current scary economy, don&#039;t quit a day job! Instead, check out opportunities to work overseas for your existing your company, or others in your field. You might even get a raise for taking on unpopular assignments. If one year overseas is fun, 5 years is even better, right?</description>
		<content:encoded><![CDATA[<p>Re: quitting job to travel.</p>
<p> With my first (and last) engineering job out of school, I worked for a company that sold engineering equipment to Asia. I got to travel 12 times in 5 years, including several 3 week trips to Asia. Some of these countries were too expensive to visit as a tourist (Japan, Hong Kong) but I got employer to pay for it all, and plenty of time to see the sites. Had I been available, I could have had long term expat employment in Singapore, China, or Philippines. </p>
<p>In the current scary economy, don&#8217;t quit a day job! Instead, check out opportunities to work overseas for your existing your company, or others in your field. You might even get a raise for taking on unpopular assignments. If one year overseas is fun, 5 years is even better, right?</p>
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		<title>By: Mol</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-2/#comment-394425</link>
		<dc:creator>Mol</dc:creator>
		<pubDate>Wed, 15 Oct 2008 11:47:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-394425</guid>
		<description>Do you think the horrible economy has made an impact on the success of the Simple Dollar? We have all had to think outside of the box to make ends meet in this recession.</description>
		<content:encoded><![CDATA[<p>Do you think the horrible economy has made an impact on the success of the Simple Dollar? We have all had to think outside of the box to make ends meet in this recession.</p>
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		<title>By: American in NZ</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-2/#comment-394092</link>
		<dc:creator>American in NZ</dc:creator>
		<pubDate>Tue, 14 Oct 2008 23:11:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-394092</guid>
		<description>Kyle -
Just do it. I took time off after finishing up college before getting a &quot;real&quot; job.  I now live in New Zealand.  I am now considering more travel and am saving up to do so.  I do not think traveling will affect my job choices/prospects in any way(I plan on returning to NZ and am a chemist). I am not surprised by the &quot;American&quot; mentality that your job is everything, but do not let them fool you.  The job is just that, a job.  Live your life to the fullest and realize that it is very common all over the world to travel for extended periods of time. Good luck and enjoy!</description>
		<content:encoded><![CDATA[<p>Kyle -<br />
Just do it. I took time off after finishing up college before getting a &#8220;real&#8221; job.  I now live in New Zealand.  I am now considering more travel and am saving up to do so.  I do not think traveling will affect my job choices/prospects in any way(I plan on returning to NZ and am a chemist). I am not surprised by the &#8220;American&#8221; mentality that your job is everything, but do not let them fool you.  The job is just that, a job.  Live your life to the fullest and realize that it is very common all over the world to travel for extended periods of time. Good luck and enjoy!</p>
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		<title>By: Robyn</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-1/#comment-394061</link>
		<dc:creator>Robyn</dc:creator>
		<pubDate>Tue, 14 Oct 2008 22:17:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-394061</guid>
		<description>Kyle - you got us all started now! 10 years ago I took off for 6 months to hike the Appalachian Trail. The only reason it was a problem is that it was, and still is, one of the best experiences of my life, and I&#039;m always wishing I could do it again. Clearly I have not let it go and even started a series the other day about it on my blog:
http://nomadneedles.wordpress.com/2008/10/11/the-appalachian-trail-part-1-of-3/

I made lifelong friends, gained incredible skills and experienced the Appalachian Mtns hiking from Georgia to Maine. You are obviously in good shape career-wise and sharp enough to figure out the next step once you return. Anyone who can travel extensively has the creativity to figure out how find work when they get back. And if a potential employeer doesn&#039;t like it that you took off to travel for so long, would you want to work for them anyway? Doesn&#039;t matter. You will be a changed person when you return. New goals, ambitions, experiences. 
Please do it. We need more people in the world who don&#039;t let fear of the &quot;what-ifs&quot; hold them back.</description>
		<content:encoded><![CDATA[<p>Kyle &#8211; you got us all started now! 10 years ago I took off for 6 months to hike the Appalachian Trail. The only reason it was a problem is that it was, and still is, one of the best experiences of my life, and I&#8217;m always wishing I could do it again. Clearly I have not let it go and even started a series the other day about it on my blog:<br />
<a href="http://nomadneedles.wordpress.com/2008/10/11/the-appalachian-trail-part-1-of-3/" rel="nofollow">http://nomadneedles.wordpress.com/2008/10/11/the-appalachian-trail-part-1-of-3/</a></p>
<p>I made lifelong friends, gained incredible skills and experienced the Appalachian Mtns hiking from Georgia to Maine. You are obviously in good shape career-wise and sharp enough to figure out the next step once you return. Anyone who can travel extensively has the creativity to figure out how find work when they get back. And if a potential employeer doesn&#8217;t like it that you took off to travel for so long, would you want to work for them anyway? Doesn&#8217;t matter. You will be a changed person when you return. New goals, ambitions, experiences.<br />
Please do it. We need more people in the world who don&#8217;t let fear of the &#8220;what-ifs&#8221; hold them back.</p>
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		<title>By: PF</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-1/#comment-394028</link>
		<dc:creator>PF</dc:creator>
		<pubDate>Tue, 14 Oct 2008 21:46:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-394028</guid>
		<description>Regarding exercise:  I live at 9000 ft in the Colorado mountains and I&#039;m committed to staying fit this winter.  About 6 months ago, I invested in an excellent child backpack (Deuter kid comfort III) and I bought a very nice Columbia down snowsuit off ebay.  I will be able to sell both of these down the road for a good price.  My daughter is a couple months younger than yours.  We were rained on on Saturday and had freezing rain/snow on Sunday and we had a great time.  I also have a baby jogger brand stroller from a garage sale ($25) with a plastic rain shield.  I&#039;ve taken her out in horizontal snow and she loves it.  We&#039;re all completely invigorated when we get back home and I think it helps their immune systems.  Go on Trent, get out there!  Winter is not an excuse.  :-)

Paula</description>
		<content:encoded><![CDATA[<p>Regarding exercise:  I live at 9000 ft in the Colorado mountains and I&#8217;m committed to staying fit this winter.  About 6 months ago, I invested in an excellent child backpack (Deuter kid comfort III) and I bought a very nice Columbia down snowsuit off ebay.  I will be able to sell both of these down the road for a good price.  My daughter is a couple months younger than yours.  We were rained on on Saturday and had freezing rain/snow on Sunday and we had a great time.  I also have a baby jogger brand stroller from a garage sale ($25) with a plastic rain shield.  I&#8217;ve taken her out in horizontal snow and she loves it.  We&#8217;re all completely invigorated when we get back home and I think it helps their immune systems.  Go on Trent, get out there!  Winter is not an excuse.  :-)</p>
<p>Paula</p>
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		<title>By: oldmiter</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-1/#comment-393936</link>
		<dc:creator>oldmiter</dc:creator>
		<pubDate>Tue, 14 Oct 2008 20:06:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-393936</guid>
		<description>I don&#039;t believe that Scotty&#039;s response (#28) is correct...like in the sense that he must be a collection agent.  50 cents on the dollar is CRAZY high after so many years.  Anyway, I think it&#039;s deplorable to buy something and not pay for it, but as the saying goes, stuff happens.  After your state&#039;s debt limit has passed you are free and clear from that debt (at least legally), and it must be removed from your credit report.  It makes no difference if it was bought and sold a million times, you are only responsible for the first debt.  Yes, the debt collectors will hound you for it, but as long as you never promised payment during the time, you&#039;d be done with it.  It also must be removed from your credit report in a timely fashion, but they&#039;ll try to convince you that you still owe it to get you to agree to send some form of payment, which will restart the time clock on the debt limit back to zero.  To the OP, be sure to get advice from someone who understands the laws in your area on this matter, and don&#039;t talk to the debt collectors at all.</description>
		<content:encoded><![CDATA[<p>I don&#8217;t believe that Scotty&#8217;s response (#28) is correct&#8230;like in the sense that he must be a collection agent.  50 cents on the dollar is CRAZY high after so many years.  Anyway, I think it&#8217;s deplorable to buy something and not pay for it, but as the saying goes, stuff happens.  After your state&#8217;s debt limit has passed you are free and clear from that debt (at least legally), and it must be removed from your credit report.  It makes no difference if it was bought and sold a million times, you are only responsible for the first debt.  Yes, the debt collectors will hound you for it, but as long as you never promised payment during the time, you&#8217;d be done with it.  It also must be removed from your credit report in a timely fashion, but they&#8217;ll try to convince you that you still owe it to get you to agree to send some form of payment, which will restart the time clock on the debt limit back to zero.  To the OP, be sure to get advice from someone who understands the laws in your area on this matter, and don&#8217;t talk to the debt collectors at all.</p>
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		<title>By: Luke</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-1/#comment-393876</link>
		<dc:creator>Luke</dc:creator>
		<pubDate>Tue, 14 Oct 2008 18:20:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-393876</guid>
		<description>Here is my question.  My wife is pregnant and our first kid is due in April.  It really is a miracle but obvious money is always on the mind.  Would it be better to:
1.) Buy life insurance in case something happens
2.) Start saving for their college
3.) Pay down our house payment to rid ourselves of the devil called PMI
4.) Pay down our very low (less than 2%) interest student loans that my wife and I have (25 g or so)</description>
		<content:encoded><![CDATA[<p>Here is my question.  My wife is pregnant and our first kid is due in April.  It really is a miracle but obvious money is always on the mind.  Would it be better to:<br />
1.) Buy life insurance in case something happens<br />
2.) Start saving for their college<br />
3.) Pay down our house payment to rid ourselves of the devil called PMI<br />
4.) Pay down our very low (less than 2%) interest student loans that my wife and I have (25 g or so)</p>
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		<title>By: Tanika</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-1/#comment-393857</link>
		<dc:creator>Tanika</dc:creator>
		<pubDate>Tue, 14 Oct 2008 17:24:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-393857</guid>
		<description>I have a question. I am a 32 year old mother of 2. Stable employment w/ the same company for 12 years, in school, own my 1st home, been working on paying off charge cards, braces and an auto loan. I am getting ready to go kick my partner out of my home and my life, which will leave me w/ just my income. I can&#039;t make ends meet w/ all of the bills alone. My partner started using heroin a year ago and I have been doing my best to keep on her w/ her methadone treatment program and have spent all of my savings and am now in debt trying to save her. She wrecked my brand new car. I lost $17,000.00 in equity w/ that accident. She keeps getting fired and now I have simply had it. I can&#039;t stay afloat. I put my home on the market. I am going to take a huge loss of close to $50,000.00 w/ this sale. I have to move as soon as I send her packin... How and what do I do to keep paying the bills?</description>
		<content:encoded><![CDATA[<p>I have a question. I am a 32 year old mother of 2. Stable employment w/ the same company for 12 years, in school, own my 1st home, been working on paying off charge cards, braces and an auto loan. I am getting ready to go kick my partner out of my home and my life, which will leave me w/ just my income. I can&#8217;t make ends meet w/ all of the bills alone. My partner started using heroin a year ago and I have been doing my best to keep on her w/ her methadone treatment program and have spent all of my savings and am now in debt trying to save her. She wrecked my brand new car. I lost $17,000.00 in equity w/ that accident. She keeps getting fired and now I have simply had it. I can&#8217;t stay afloat. I put my home on the market. I am going to take a huge loss of close to $50,000.00 w/ this sale. I have to move as soon as I send her packin&#8230; How and what do I do to keep paying the bills?</p>
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		<title>By: Elizabeth</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-1/#comment-393829</link>
		<dc:creator>Elizabeth</dc:creator>
		<pubDate>Tue, 14 Oct 2008 16:22:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-393829</guid>
		<description>When I was 30, I quit my job and took a year off by getting married and calling it a honeymoon.  I wouldn&#039;t trade it for anything. There&#039;s something about the experience of having open-ended possibilities that no 2- or 4-week vacation can come close to.  

Some thoughts:
I had no problem getting a job when I came back, and my husband started his own business rather than looking for a job. This was possible because both of us had built up stellar credentials and lots of contacts before leaving. Something to ask people in your field:  what could I achieve in the next couple years that would make everyone want to hire me when I come back?

We also made sure that we saved up enough ahead of time not only to fund the trip but also a very large cushion when we came back in case the job hunt hadn&#039;t gone so well -- I think we had enough saved to cover more than a year&#039;s worth of expenses.  That was the level we needed to really make us comfortable completely quitting our jobs and doing this thing that is considered so crazy in US culture.  

I have to say that after months of traveling I was feeling rootless and ready to be home.  Two things in our travels fought against this phenomenon:  1) schedule big blocks of open time, but also have some anchor points -- e.g., we had to be in Oaxaca on a certain date to meet my father-in-law, we had to be in Austin on a certain data for a reunion, etc.  2) schedule some times that you will spend an extended amount of time in a single town, getting to know people and either learning something (a language, a skill, a spiritual practice) or volunteering.  Others have noted that this makes your travels more explainable to future employers, but for me (and even more for my husband), being ONLY on vacation for a year straight actually has the potential to be soul-sucking and lonely.  In contrast, the month we spent living with a family and going to language school was one of the highlights of our whole year off.

In summary -- get really ready, then go for it!</description>
		<content:encoded><![CDATA[<p>When I was 30, I quit my job and took a year off by getting married and calling it a honeymoon.  I wouldn&#8217;t trade it for anything. There&#8217;s something about the experience of having open-ended possibilities that no 2- or 4-week vacation can come close to.  </p>
<p>Some thoughts:<br />
I had no problem getting a job when I came back, and my husband started his own business rather than looking for a job. This was possible because both of us had built up stellar credentials and lots of contacts before leaving. Something to ask people in your field:  what could I achieve in the next couple years that would make everyone want to hire me when I come back?</p>
<p>We also made sure that we saved up enough ahead of time not only to fund the trip but also a very large cushion when we came back in case the job hunt hadn&#8217;t gone so well &#8212; I think we had enough saved to cover more than a year&#8217;s worth of expenses.  That was the level we needed to really make us comfortable completely quitting our jobs and doing this thing that is considered so crazy in US culture.  </p>
<p>I have to say that after months of traveling I was feeling rootless and ready to be home.  Two things in our travels fought against this phenomenon:  1) schedule big blocks of open time, but also have some anchor points &#8212; e.g., we had to be in Oaxaca on a certain date to meet my father-in-law, we had to be in Austin on a certain data for a reunion, etc.  2) schedule some times that you will spend an extended amount of time in a single town, getting to know people and either learning something (a language, a skill, a spiritual practice) or volunteering.  Others have noted that this makes your travels more explainable to future employers, but for me (and even more for my husband), being ONLY on vacation for a year straight actually has the potential to be soul-sucking and lonely.  In contrast, the month we spent living with a family and going to language school was one of the highlights of our whole year off.</p>
<p>In summary &#8212; get really ready, then go for it!</p>
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		<title>By: Michelle</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-1/#comment-393804</link>
		<dc:creator>Michelle</dc:creator>
		<pubDate>Tue, 14 Oct 2008 15:32:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-393804</guid>
		<description>As for the Indian thing. Your ancestor HAS to be on a document (well, set of documents really) called the Dawes Rolls. It was a census done between 1893 and 1907 where people had to register as Indians. Keep in mind that only about 20-30% of those eligible to sign the Dawes Rolls did for various reasons, including stigma, residency requirements, etc. There are two different things that have to happen in order to claim membership in a tribe and both are based on your ancestor being on the Dawes Rolls. If your ancestor is not on the Dawes Rolls then you are NOT eligible for tribal membership or recognition as a Native American. If your ancestor is on the Rolls, then you have to prove, through documentation that you are related to that person directly. It can&#039;t be your great-aunt who is on the Rolls, it has to be your great-grandmother. 

Once you&#039;ve proven that you are a direct desecendant of someone on the Rolls, you have to apply with the Bureau of Indian Affairs for a Certiticate of Degree of Indian Blood (CDIB). That will have your blood degree, which you will need to give your tribe in order to gain membership. Some tribes have strict rules as to how much Indian blood you need to be a member. 

I think you should try and get tribal membership if you can. You can recieve free health care, and some tribes even distribute gaming revenue among the membership (I mean, you get a check from the tribe). It just takes some time to fill out the paperwork, and the benefits are great. I&#039;m a member of the Chickasaw tribe, and I take a great deal of comfort knowing that even if my husband lost his job and all his benefits, that the tribe would take care of us.</description>
		<content:encoded><![CDATA[<p>As for the Indian thing. Your ancestor HAS to be on a document (well, set of documents really) called the Dawes Rolls. It was a census done between 1893 and 1907 where people had to register as Indians. Keep in mind that only about 20-30% of those eligible to sign the Dawes Rolls did for various reasons, including stigma, residency requirements, etc. There are two different things that have to happen in order to claim membership in a tribe and both are based on your ancestor being on the Dawes Rolls. If your ancestor is not on the Dawes Rolls then you are NOT eligible for tribal membership or recognition as a Native American. If your ancestor is on the Rolls, then you have to prove, through documentation that you are related to that person directly. It can&#8217;t be your great-aunt who is on the Rolls, it has to be your great-grandmother. </p>
<p>Once you&#8217;ve proven that you are a direct desecendant of someone on the Rolls, you have to apply with the Bureau of Indian Affairs for a Certiticate of Degree of Indian Blood (CDIB). That will have your blood degree, which you will need to give your tribe in order to gain membership. Some tribes have strict rules as to how much Indian blood you need to be a member. </p>
<p>I think you should try and get tribal membership if you can. You can recieve free health care, and some tribes even distribute gaming revenue among the membership (I mean, you get a check from the tribe). It just takes some time to fill out the paperwork, and the benefits are great. I&#8217;m a member of the Chickasaw tribe, and I take a great deal of comfort knowing that even if my husband lost his job and all his benefits, that the tribe would take care of us.</p>
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		<title>By: Scotty</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-1/#comment-393774</link>
		<dc:creator>Scotty</dc:creator>
		<pubDate>Tue, 14 Oct 2008 14:34:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-393774</guid>
		<description>Regarding the reposessed car question - I find it important to point out that you&#039;re not necessarily free-and-clear after 7 years. Creditors and debt-collections companies can re-post items on your credit report after the 7 years is up. If the debt is outstanding, many companies will repost. The good news is that you can often bargain with them and clear up the debt for a big discount (after 7+ years, it&#039;s long since off their books). You can usually clear up for at least 50 cents on the dollar, sometimes way more.</description>
		<content:encoded><![CDATA[<p>Regarding the reposessed car question &#8211; I find it important to point out that you&#8217;re not necessarily free-and-clear after 7 years. Creditors and debt-collections companies can re-post items on your credit report after the 7 years is up. If the debt is outstanding, many companies will repost. The good news is that you can often bargain with them and clear up the debt for a big discount (after 7+ years, it&#8217;s long since off their books). You can usually clear up for at least 50 cents on the dollar, sometimes way more.</p>
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		<title>By: Johanna</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-1/#comment-393731</link>
		<dc:creator>Johanna</dc:creator>
		<pubDate>Tue, 14 Oct 2008 13:11:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-393731</guid>
		<description>@K: True, you can&#039;t see everything in a year, or even in a lifetime.  But you can see more things - and at a deeper level - in a year than you can in a few weeks.  I guess I would be more inclined to believe your claim (that you only &quot;need&quot; 2-3 weeks per continent) if someone were to pipe up and say, &quot;I went abroad for a year, and I wish I hadn&#039;t - I should have spent only 2-3 weeks per continent.&quot;

And even then, psychological differences between people mean that no one travel style is optimal for everyone.  Some people find long trips exhausting and prefer shorter ones.  Some people prefer to minimize the disruption to their day to day lives, whereas other people don&#039;t mind it.  Kyle says his dream is to travel for a year - shouldn&#039;t he know what he wants better than we do?</description>
		<content:encoded><![CDATA[<p>@K: True, you can&#8217;t see everything in a year, or even in a lifetime.  But you can see more things &#8211; and at a deeper level &#8211; in a year than you can in a few weeks.  I guess I would be more inclined to believe your claim (that you only &#8220;need&#8221; 2-3 weeks per continent) if someone were to pipe up and say, &#8220;I went abroad for a year, and I wish I hadn&#8217;t &#8211; I should have spent only 2-3 weeks per continent.&#8221;</p>
<p>And even then, psychological differences between people mean that no one travel style is optimal for everyone.  Some people find long trips exhausting and prefer shorter ones.  Some people prefer to minimize the disruption to their day to day lives, whereas other people don&#8217;t mind it.  Kyle says his dream is to travel for a year &#8211; shouldn&#8217;t he know what he wants better than we do?</p>
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		<title>By: K</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-1/#comment-393695</link>
		<dc:creator>K</dc:creator>
		<pubDate>Tue, 14 Oct 2008 12:05:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-393695</guid>
		<description>Johanna - Kyle couldn&#039;t experience EVERYTHING even with a year.  It depends on why he wants to do it.  If he wants to visit every country then sure, he would need more time.  But if he just wanted to get a taste of different cultures he could pick 2 locations on each continent and stay for a week or 2 in each.  I spent a month in Europe and spent a week each in Britain, France, Italy, and Germany and then also saw a few other countrues in between.  That was plenty of time for me.  I guess another suggestion would be to think about what you want to see/do.  You don&#039;t have to plan out every second but get a general idea of what you want to experience and how much time you would need.</description>
		<content:encoded><![CDATA[<p>Johanna &#8211; Kyle couldn&#8217;t experience EVERYTHING even with a year.  It depends on why he wants to do it.  If he wants to visit every country then sure, he would need more time.  But if he just wanted to get a taste of different cultures he could pick 2 locations on each continent and stay for a week or 2 in each.  I spent a month in Europe and spent a week each in Britain, France, Italy, and Germany and then also saw a few other countrues in between.  That was plenty of time for me.  I guess another suggestion would be to think about what you want to see/do.  You don&#8217;t have to plan out every second but get a general idea of what you want to experience and how much time you would need.</p>
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		<title>By: Scott</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-1/#comment-393458</link>
		<dc:creator>Scott</dc:creator>
		<pubDate>Tue, 14 Oct 2008 06:03:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-393458</guid>
		<description>Kyle,

Down the road, which would you regret more? Not following the opportunity of a lifetime or not being able to work for a year?

Some of the answers here are so entrenched in the American &#039;live to work&#039; mindset - it&#039;s depressing.</description>
		<content:encoded><![CDATA[<p>Kyle,</p>
<p>Down the road, which would you regret more? Not following the opportunity of a lifetime or not being able to work for a year?</p>
<p>Some of the answers here are so entrenched in the American &#8216;live to work&#8217; mindset &#8211; it&#8217;s depressing.</p>
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		<title>By: Gigi</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-1/#comment-393381</link>
		<dc:creator>Gigi</dc:creator>
		<pubDate>Tue, 14 Oct 2008 03:26:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-393381</guid>
		<description>For your first dinner party, do a simple Italian (spaghetti and meatballs, or sausage) or Mexican (burritos or taco bars are fun, particularly if you fry your own corn tortillas, not that hard and much better).  And then when people ask you what they should bring (and people usually love to bring things), tell them to bring a simple dessert - cookies, bars, etc.  Then you have a nice dessert bar.  I don&#039;t mind making desserts, but they always take up so much room either in the frige or on my limited counter space.  This solves this problem and people love having a variety of sweets to choose from.</description>
		<content:encoded><![CDATA[<p>For your first dinner party, do a simple Italian (spaghetti and meatballs, or sausage) or Mexican (burritos or taco bars are fun, particularly if you fry your own corn tortillas, not that hard and much better).  And then when people ask you what they should bring (and people usually love to bring things), tell them to bring a simple dessert &#8211; cookies, bars, etc.  Then you have a nice dessert bar.  I don&#8217;t mind making desserts, but they always take up so much room either in the frige or on my limited counter space.  This solves this problem and people love having a variety of sweets to choose from.</p>
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		<title>By: Kyle</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-1/#comment-393352</link>
		<dc:creator>Kyle</dc:creator>
		<pubDate>Tue, 14 Oct 2008 02:52:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-393352</guid>
		<description>Hey everybody!

Thanks for all of the great insights and comments.  I understand why Trent says the comment forum is what makes his website special.

@Johanna/Betsy - I would definitely use this trip to learn and not just lay on the beach.  The things I want to learn would not be &#039;professional&#039; related per se.  I want to spend 6 weeks in spanish speaking nations to learn Spanish.  I want to volunteer in less-developed countries for 2-3 day projects.  But, I really just want to learn what makes different cultures tick.

@tom - Thanks for your advice.  Do you think traveling will hurt my &#039;work reputation&#039;?  Perhaps I can apply for grad school (MBA) and then defer for a year to travel.  Would this be a better idea in your opinion?

@Kris - That is pretty much my current mindset in a nutshell.

@K - I like the work abroad idea quite a bit.  I&#039;ll look into that.  I do, however, agree with Johanna later that I need a lot more time that 2-3 weeks per continent.

@Jared - I might have to pick your brain about your travels...what worked, what didn&#039;t, etc.  Want to grab lunch?  Haha.

@Jessica - Health and Medical is a good point.  I didn&#039;t really think about that.  Do you have any suggestions?  Also, I&#039;m not really concerned about getting &#039;my old job&#039; back.  I am flexible about where I live when I return and who I work for.  I don&#039;t &#039;have&#039; to work at the same company.  I know that my current position is not &#039;my passion&#039;, and hopefully I can find out what that is on part of this sojourn.</description>
		<content:encoded><![CDATA[<p>Hey everybody!</p>
<p>Thanks for all of the great insights and comments.  I understand why Trent says the comment forum is what makes his website special.</p>
<p>@Johanna/Betsy &#8211; I would definitely use this trip to learn and not just lay on the beach.  The things I want to learn would not be &#8216;professional&#8217; related per se.  I want to spend 6 weeks in spanish speaking nations to learn Spanish.  I want to volunteer in less-developed countries for 2-3 day projects.  But, I really just want to learn what makes different cultures tick.</p>
<p>@tom &#8211; Thanks for your advice.  Do you think traveling will hurt my &#8216;work reputation&#8217;?  Perhaps I can apply for grad school (MBA) and then defer for a year to travel.  Would this be a better idea in your opinion?</p>
<p>@Kris &#8211; That is pretty much my current mindset in a nutshell.</p>
<p>@K &#8211; I like the work abroad idea quite a bit.  I&#8217;ll look into that.  I do, however, agree with Johanna later that I need a lot more time that 2-3 weeks per continent.</p>
<p>@Jared &#8211; I might have to pick your brain about your travels&#8230;what worked, what didn&#8217;t, etc.  Want to grab lunch?  Haha.</p>
<p>@Jessica &#8211; Health and Medical is a good point.  I didn&#8217;t really think about that.  Do you have any suggestions?  Also, I&#8217;m not really concerned about getting &#8216;my old job&#8217; back.  I am flexible about where I live when I return and who I work for.  I don&#8217;t &#8216;have&#8217; to work at the same company.  I know that my current position is not &#8216;my passion&#8217;, and hopefully I can find out what that is on part of this sojourn.</p>
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		<title>By: Dawn</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-1/#comment-393294</link>
		<dc:creator>Dawn</dc:creator>
		<pubDate>Tue, 14 Oct 2008 01:22:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-393294</guid>
		<description>Graybee--At some places, you can retire, take your pension and then come back as a consultant working part or full time, especially if they cannot easily replace you.  That might assist you with finding health insurance.</description>
		<content:encoded><![CDATA[<p>Graybee&#8211;At some places, you can retire, take your pension and then come back as a consultant working part or full time, especially if they cannot easily replace you.  That might assist you with finding health insurance.</p>
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		<title>By: SP</title>
		<link>http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/comment-page-1/#comment-393285</link>
		<dc:creator>SP</dc:creator>
		<pubDate>Tue, 14 Oct 2008 01:18:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/reader-mailbag-32/#comment-393285</guid>
		<description>Everyone has advice for Kyle!

I don&#039;t have particular advice, except I think his career can handle it.  I too have an engineering degree, and while those who are fast tracking to management might get hurt by a year off, most people won&#039;t.  And what are you going to regret?

Advice for others still in college:  DO STUDY ABROAD, even if you think you can&#039;t afford it (you can!).  You will never have such a perfect opportunity to travel and really experience another country.</description>
		<content:encoded><![CDATA[<p>Everyone has advice for Kyle!</p>
<p>I don&#8217;t have particular advice, except I think his career can handle it.  I too have an engineering degree, and while those who are fast tracking to management might get hurt by a year off, most people won&#8217;t.  And what are you going to regret?</p>
<p>Advice for others still in college:  DO STUDY ABROAD, even if you think you can&#8217;t afford it (you can!).  You will never have such a perfect opportunity to travel and really experience another country.</p>
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