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Page THE HERALD OUTLOOK Saturday October Wise investors can have a house and money ITS YOUR MONEY Do you believe it s possible to pay for your house end up with a pile of money have an extra in come for the same cost as your neighbor same value house who ends up with only a house It certainly is possible if you ap ply some of the basic financial rules to your life rules which are really simple but understood few Let s take a mathematical ex ample Two people each purchase a home for 100 putting down and taking a mortgage of at 11 per cent One decides to take a 15year amortization costing per month principal and interest Well call him Mr Normal After all there are dozens of articles written that tell you ho much you will save b paving for your house but all ignore how much you will lose by not building what this v riter calls a 2nd income The other decides to take a 25 year amortization period costing per month principal and interest and save 119 11 per month in mutual funds where he averages 15 per cent per year compounded monthly His total payments amount to 721 plus 11 per month exaclls the same as Mr Normal s We call him Mr Saver Over the next lo years both will have paid out times 180 months Mr Normal would have paid it all on his house and it would now be paid for Mr Saver would have paid 721 times 180 months 129 on his house and times mon would have been in vested at 15 per cent But Mr Saver still has 10 years of payments to make on his house you say It going to cost him that much more You are right there are still 10 years of payments left for Mr Saver but he decides he s not go ing to make one more payment from his wages You see the he saved and invested each month averaging per cent per vear over those 15 years would now have a value of 80 Mr Saver now decides to use that pool of money to provide him with a 2nd income and starts a mutual fund withdrawal program of per month having the pro ceeds sent directly to the mortgage holder every month to make his payment He makes no payment whatsoever from his 1st income his wages If it is a mutual fund withdrawal program and you haven used up your tax free capital gains holiday that in come comes to you almost free of any tax liability Mr Saver s pool of capital is worth By taking a monthly withdrawal of he is taking a 10 per cent withdrawal to pay that mortgage If the 80 621 con tinues earning 15 per cent and he s only taking out per cent that 80 000 will also grow b j per cent per year growing in 10 vears to over Now that 25 vears elapsed let s look at the results Both Mr Normal and Mr Saer paid out in that first exactlv the same amount 381 Neither committed one penm more in wages to the program But Mr Normal ends up with his house free and clear Mr Saver ends up with his house free and clear plus and if he wants to keep a per cent income coming from his pool of capital it would be l 000 a month additional Both paid out the same from their wages For a free Illustration of the ask for Can Tell The Difference Between These Two Houses contact Peter C 10 Fagan Drive Georgetown or phone Paul J Rockel is the author of the best seller I Inest in Mutual Funds and is President of Regal Capital Planners Ltd Watch out for pedestrians this Halloween HAC cautions Theyre pigging out is 1947 and prominent zcnsofBradford England a banquet at the Grand Hotel to the of Princess Elizabeth to Philip Mountbatien Food rationing is still in force and while most Britons are biting the bullet the ban organizers are fatten ing up a black market pig for the royal do After all dis guests including the lord mayor can pected to dine on tinned salmon Gilbert Michael Palm a chiropodist and his wife Joyce Maggie Smith who try as she may can tgain them an ounce of weight on the social scale And let s not forget Joyce dolly old live in mother Liz Smith whoiscon eating Have had my tea Joyce You don give me my proper As Gilbert l client toenails hi is not ol tin black market goings on organisers for Gilbert and when he spots them at a local farm his cur sil s aroused He licenced and in a moment of weakness Joyce who has ways wanted the top of the town now has ihe ammunition she needs It Gilbert she squeals It power And hat she off to bring home the bacon For comedy at its Br best don miss A Pi nan Fumtun airing on Sat 10 10pm RITERION- RUG CO LTD V SALES SERVICE INSTALLATIONS CARPET VINYL TILE 126GUELPHST Georgetown Ont 4168771012 Halloween provides the increas ed potential for automobile involving young pedestrians Though many costumes are certain to resemble Batman and the Joker the Hamilton Automobile Club offers some suggestions that should not be taken lightly The HAC maintains that the best advice for drivers out on Hallo ween night is to be aware of the unexpected Headlights should be clean and turned on at the first sign of dusk Drive carefully limiting speed on residential streets to 25 km per hour Be on the lookout for children darting out from between parked cars A right turn on red is especially dangerous as excited pirates wizards and witches may run unexpectedly across the in tersection Parents or older siblings are ad vised to accompany younger children on their tnckor treat rounds A parent can keep track of homes visited guide the children across the street and make cer tain they don wander from the immediate neighborhood Because older children usually prefer to travel with friends safety rules should be discussed before leaving home Among the rules HAC recommends that children should tnckor treat in familiar neighborhoods only agreeing with parents on the area visited and designated route Pick well lighted streets and stop only at those homes where the outside lights are on Walk on the sidewalk and not on the street If there are no sidewalks walk facing traffic far off the roadway surface Costumes should be light in color and fit correctly Use retroreflec tape to outline and decorate a costume for greater visibility Children should also be able to see clearly in all directions Face makeup and a properly worn hat will not obstruct a child s vision Halloween can be a fun time for everyone children and motorists alike says the Hamilton Automobile Club All it takes for a safe fun filled Halloween is ade quate preparation and shared responsibility on the part of both motorist and pedestrian Halton wants deposit on cans bottles Halton Region voted last week to join Ontano municipalities in peti Honing the Ontano ministry of the environment to put a deposit on cans and bottles A Regional staff report at a coun cil meeting last week asked only to receive a letter from the Township of Front of Young near Ontario But Milton Coun Bill Johnson asked other councillors to endorse that township s petition The petition sent to all municipalities in On tano contains a resolution to ap prove the can and bottle deposit It works very well with beer bottles and it works very well with cans Coun Johnson said last week Oakville Coun Liz Behrens said if the cans are not returned to the manufacturer they will inevitably still go to the landfill sites It is with those deposits that we will see them taken out of the waste stream Coun Johnson said bottles and cans are a significant problem They are a small component by weight but not by volume Johnson said discarded cans and bottles are found near lakes and on the roadsides Put a deposit on them Give them some value he said If you had a deposit on these bottles and beverage cans you t see half the rubbish Coun Pat McLaughlin said if users don t their recyclables back to the store people with plastic bags will pick the con Rural house will be numbered for emergencies Fire trucks ambulances and police cars will find houses easier with a street number than with a rural route number The town will spend an estimated to advertise the house numbers and explain where they can be obtained and how they should be posted Some councillors said delivery of the signs should be provided by the town Opposing councillors said the signs and delivery should be paid for by the rural residents Emergency vehicles and lost visitors to rural homes in Halton Hills will soon be able to find their way The town will spend for reflective house number signs to be next summer The estimated signs will have a green background and white reflective numbers Rural houses on private roads will not be affected by the new rural signs Town administrator Dan said the signs will meet emergency needs in the rural areas An addi tional will be spent on emergency phone number stickers for telephones in rural homes GEORGETOWN SPA FITNESS CENTRE EXCLUSIVELY YOURS 8771 924 tamers up and return them for found problems with putting a deposit on cans and bottles Cer tainly we don t want to reduce our population to a bunch of scavengers And we don t want to hurt the Blue Box situation She said the Blue Box program is sue cessful with its inclusion of recyclable cans and bottles Lionesses hold KMs for coins The Georgetown Lionesses will hold a Kilometres of Coins for Kidney Dialysis Camps at the Miracle Mart plaza on Nov from 10 a to 3 p Those who can t attend can watch for Lioness bottles in local LACES if N THINGS FREE Catalogue 4162413640 Lacei Things 210 Gary Drlv it Out Pegasus Christmas Craft Salet GARAGE SALE fabric forum Prepared as a consumer education service by the International Fabncare Institute Dont Get Hung up on Your Hangups Most draperies can be and will come home clean and fresh Exceptions ire fiberglass drapes with rubber izcd backing Your dryclcancr may have a problem drapes that have been wet by condensa or rain from an open win Moisture can cause yellow or brown sizing streaks that can be difficult to remove Sometimes draperies come out of cleaning damaged be cause age and sunlight have graded the fabric The weakened areas shred when exposed to the agnation of cleaning The of mage on the outside folds where sun exposure i was greatest is your clue tin sun tendering 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