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To: OwenKellogg
Funny, not one mention of becoming debt free or saving. Just “Get good credit” and become “valuable” to your employer.

This is typical of the new Amerika. Totally dependent on the Urban lifestyle and the very system that caused all of this in the first place.

34 posted on 05/14/2011 11:28:25 AM PDT by PSYCHO-FREEP (Always Remember You're Unique.......(Just Like everyone Else.))
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To: PSYCHO-FREEP

Funny, not one mention of becoming debt free or saving


I came away with a different impression: minimize debt and maximize cash.


36 posted on 05/14/2011 11:34:05 AM PDT by OwenKellogg (Defund Elmo, TOTUS, and GOTUS)
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To: PSYCHO-FREEP

Refinancing a home mortgage doesn’t guarantee ownership, only paying it off ensures ownership.
Arranging lines of credit is stupid - because credit lines can be canceled and there’s no guarantee you can pay it back. Working an extra shift at McDonalds is a better use of your time than “lining up lines of credit” - $50 cash plus a free dinner will pay for dinners later on.
Making yourself more valuable to an employer is not bad advice, but you’re still stuck if your employer goes under.
Stock up on cash and valuable items that are still valuable if the economy tanks - soap, gas, precious metals in trade-able amounts (silver, gold, lead in your favorite gun compatible form) and tools you and others can use.


37 posted on 05/14/2011 11:41:12 AM PDT by tbw2
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To: PSYCHO-FREEP; OwenKellogg

“Funny, not one mention of becoming debt free or saving.”

I think those were covered in the 2nd and 3rd points, unless I’m reading incorrectly:

“Second, you must start to build your funds if you are able. By establishing some cash reserves, you are reducing the risk of you becoming one of the first casualties of the collapse.

Third, you should consider paying off all short term credit card debt and minimize the use of credit cards unless you have the financial resources to pay for your spending. “

Financial resources to pay for your spending reads as “Don’t go into debt to me.” Building cash reserves = “Save money” to me too, but I could be misreading.


50 posted on 05/14/2011 1:57:53 PM PDT by JDW11235 (I think I got it now!)
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