I may move out of the country if it gets too bad.
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.
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!!!!
Rob 7-11’s.
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!
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.”
Freedom’s Precious Metals:
Gold, Silver & Lead
We owe 8K on a vehicle and that's it for debt. We rent a home for the time being. We don't plan on taking on any more debt unless we see a screaming deal on a house when we relocate. The only reason we have a credit card is for my 1-3% back and ease of purchase. It also has a little more fraud protection than a debit card.
We are putting a baby on hold until this summer after my training program ends. After that I'm getting an MBA with my company picking up most of the cost. You really can't beat a quality education for an investment. Also plan on learning Spanish through Rosetta Stone. No matter how much we complain about immigrants learning English it isn't going to happen.
Beyond that we try to teach the kids lessons on the law of consequences, how to be a leader, to take care of family first, and responsibility. We pay our tithe every month and try to help people out when we can. A little prayer for a better tomorrow can't hurt either.
This is my first recession as a working adult BTW so take what I say with a grain of salt I suppose.