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Reply #55: You hit that nail on the head [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
ProudDad Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-29-06 01:44 AM
Response to Reply #26
55. You hit that nail on the head
"To those who are comfortably employed (from an old guy who has seen countless people crash and burn): PREPARE FOR THE WORST. If you haven't already, crunch your lifestyle down to the bare minimum and save, save, save if you can possibly do it. Don't rest until you have zero debt (besides mortgage) and at least one year of living expenses socked away. And then keep saving as if you'll lose your job tomorrow. You won't regret it. You cannot trust this economy to provide a living wage. Some will make it, but many won't. Assume the worst and prepare as best you can."

From another older guy whose job has been "outsourced" out from under 3 times in the last 5 years, learn to live with a simpler, cheaper life style...hell, you'll be happier not trying to keep up with the Jones's anyway!

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