Posted on 02/12/2009 11:08:41 AM PST by wilco200
Having read FR for a few years now, I've found it to be extremely enlightening,educational and a fountain of information and entertainment.
I've often discovered great nuggets of advise and opinion from various posters. During these tough Obama times, i was wondering if it would be useful to solicit thoughts and ideas from Freepers on how to make it through.
I know this is not an investment site and all advise should be taken with a grain of salt, but I for one am just curious about the strategies other taxpaying, hard working, american citizens are using to maintain their hard earned wealth (large and small)
Like: Stay in the market, it will turn, liquidate, invest in gold, buy gold coins, bonds, CDs, etc etc.
Any opinions welcome.
I may move out of the country if it gets too bad.
I’ve heard that promise from libs before. We’re better than that.
we are, but not today.
Finally, live life such that, at the end of each day, when you stand in front of the mirror you like the person you see.
Buy lots of guns and ammo.
4 years can come and go. Our senior Freepers withstood 4 yrs of Carter and 8 for Clintoon.
Don't see another country right now that fits the bill, but I've considered it.
You need to diversify. Not just in financials but also in how you live. By all means, you should possess gold and silver coins, just in case the dollar collapses. You will be able to use it for bartering for good and services. Make sure you have a large stash of food and water, (like rice, beans, wheat, etc) stored in 5 gallon pails. Make sure you have firearms and ammo to protect yourself and family. You will need these things when the government goes bankrupt. Try to think about how the Amish people live. This knowledge will be needed when society collapses. It’s just a matter of time. This country is headed for a true Mad Max scenario.
Pull every cent you have in your 401 k out of the market- take your lumps- pay the taxes and penalties and put the CASH into Mason jars into a 800# gun safe in your garage.
Buy a couple of upright freezers—Fridgerdaie at Loes’a -simple- dial-no computer stuff- $398 plus tax.
Fill above freezer and stock up on non-perishables. ( I have more peanut butter & jelly on hand than I have consumed in the last 30 years.)
Find every single penny that you can cut from your living costs. Pay down to the bone your credit cards. Pay extra principal on your mortgage every month you can.
Look hard at joining Netflix instead of going to the local theatre for movies. You cannot get out of there for less than $25-30 bucks for only 2 people, unless you ate plenty before you got there. Netflix is $8.95 a month- and it goes in and out of your mailbox. No last minute trips to Blockbuster.
Don’t even think about buying a new car. Find a competent machanic and have him do the repairs and maintenance you cannot do yourself. You will save money in the long run. Insurance, license fees will also drop as vehicle gets older. More $$$ saved.
Look hard at the clothes your kids have outgrown. If you are done having babies- donate clothes & toys to a local organization and GET THE RECEIPT for your tax return.
Remember the local women’s shelter can use both clothes and toys. They are very grateful, also.
Get off the bandwagon that says you just have to have the biggest, newest, flashiest piece of “home entertainment” or vehicle or jewelry, etc.
Put your whole family onto a budget and have the kids understand why. Starbucks only became famous because they did a good job of selling the idea to America that a $$ cup of coffee was ever so much more important than the stuff you make at home or get at McDonalds.
If you have kids who light up the house like an airport runway- fine them from their ‘allowance’ for every time they walk out of a room and leave the lights on. That got drilled into us kids years ago, and we still do it.
Don’t leave the doors open with heat or A/C on, and the refrigerator is a place of storage——NOT A LIBRARY SHELF MEANT FOR BROWSING!!!!
LOL! You ought to give credit to Jack Bauer for that line.
Rob 7-11’s.
Hi, all...I’ve been an FR lurker for years - this is like my 2nd post.
In tough times like these, I take to heart the sages words of that all-knowing philosopher John “Bluto” Blutarski: “My advice to you is start drinking heavily.”
Also, it's going to be very important to understand as much economics as you can in order to maintain the value of your savings, much less make money, during the zero years.
Most importantly, stay on top of things and get yourself in a position to move into and out of various investments quickly. For example, treasuries are safe now but there's clearly a bubble there and so they could drop quickly. They're going to try every trick in the book to take your money, so watch 'em carefully and be nimble!
;)
If I were younger, just starting out, I'd be planning that move now. I'm still hopeful we'll see a ballot box revolution in 2010. If it doesn't happen, especially if it's another blowout for the bad guys, it may be time for me to start considering this too.
Deteriorata
(You are a fluke of the universe.
You have no right to be here.
Deteriorata, Deteriorata)
Go placidly amidst the noise and waste, and remember what comfort there may be in owning a piece thereof.
Avoid quiet and passive persons, unless you are in need of sleep.
Rotate your tires.
Speak glowingly of those greater than yourself; and heed well their advice, even though they be turkeys.
Know what to kiss - and when.
Consider that two wrongs never make a right, but that three do.
Wherever possible, put people on hold.
Be comforted, that in the face of all irridity and disillusionment, and despite the changing fortunes of time, there is always a big future in computer maintenance.
(You are a fluke of the universe.
You have no right to be here.
Whether you can hear it or not,
The universe is laughing behind your back.)
Remember the Pueblo.
Strive at all times to bend, fold, spindle, and mutilate.
Know yourself. If you need help, call the FBI.
Exercise caution in your daily affairs, especially with those persons closest to you... That lemon on your left, for instance.
Be assured that a walk through the seas of most souls would scarcely get your feet wet.
Fall not in love, therefore, it will stick to your face.
Gracefully surrender the things of youth: the birds, clean air, tuna, Taiwan - and let not the sands of time get in your lunch.
Hire people with hooks.
For a good time, call 606-4311, ask for Ken.
Take heart in the deepening gloom that your dog is finally getting enough cheese.
And reflect that whatever misfortune may be your lot, it could only be worse in Milwaukee.
(You are a fluke of the universe.
You have no right to be here.
Whether you can hear it or not,
The universe is laughing behind your back.)
Therefore, make peace with your god, whatever you perceive him to be: hairy thunderer or cosmic muffin.
With all its hopes, dreams, promises, and urban renewal, the world continues to deteriorate.
GIVE UP!
(You are a fluke of the universe.
You have no right to be here.
Whether you can hear it or not,
The universe is laughing behind your back.)
My grandfather once told me, “Buy land. It might go down in value but it never goes down in acreage, and you can grow food on it too.”
Don't see another country right now that fits the bill, but I've considered it.
Here's some to consider.
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