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Investments > Investing Science > Re: How to surv...
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Re: How to survive the depression...

by Straydog <arthures@[EMAIL PROTECTED] > Apr 8, 2008 at 06:19 AM

visualseep...@[EMAIL PROTECTED]
 wrote:
> On Apr 8, 12:32=EF=BF=BDam, Straydog <arthu...@[EMAIL PROTECTED]
> wrote:
> > I'll give a few of MY ideas on how to survive.
> >
> > 1. Have a secure job (eg. govt civil service in an essential area,
> > tenure in academia, etc).
> > 2. If you lose your job, be able to find a new one quick.
> > 3. Besides 1 and 2, the next thing is to have enough money in the bank
> > so if you lose your income, then you can still pay the rent and buy
> > food until things get better.
> > 4. Become rich so you can utilize option 3.
> > 5. Find out where the soup kitchens are, where the park benches are
> > (or bridges) so you can sleep under them at night, in case you can't
> > use options 4, 3.
>
>
> All this is useless advice.

Now I know, for sure, that you are stupid.

> Especially number 4.  Does anyone set out to become poor that you are
> advising them to 'become rich'?

I have read the biographies and histories of a number of rich people.
Most of them decided, very early in their lives and when they were
still young, to start as soon as possible and emulate the behaviors of
people before them who became rich.

> Worst advice is #1.

I know a number of people who had very nice, very cushy, very nicely
paid, very healthy benefits government jobs. (these jobs are getting
harder to find now because many govt jobs are no longer civil service
jobs but contract jobs). One guy was in DoD and now has five pensions
(he is retired, and went back to work for fun, programing in C, and
makes $50/hour). He is a personal friend. Another guy I know, all my
life, worked in a govt lab, as a BSME, and at retirement, at least as
of a few years ago, is making $85K per year off his pension. Plus
lifetime govt sponsored health plan which is VERY generous.

> US govt is
> going bankrupt

I have read more economic history than you. Can you name any
government, no matter what debt level, no matter where, and besides
revolutions (such as Marx in Russia in 1917, Iran in '70s, Ferdinand
Marcos in Phillipines back 2 decades ago, and stuff like that) where
all the govt employees got flushed out of their cushy jobs and onto
their *****?  I think the vast majority of govts, if they go default
on foreign loans, all get bailouts and all those cushy govt jobs get
protected first, before the underlings.

> so anyone foolish enough to think there is a gravy
> train waiting for him the day he sets foot in the civil service has
> something else coming.

If you can stand the bull****, and if you do your homework, and not
make stupid mistakes, then you, too, like many people I read about in
our local newspapers, working all their lives in local (county and
state govt, and even the guys I know in fed govt with real civil
service bureacracy jobs), all come out with fat, juicy, cushy pension
plans and high benefits in health plan sponsored by the govts, and all
indexed to inflation.

>
> How about one simple piece of advice "be the best in your field or at
> least move towards that goal and you will (maybe) survive this
> recession".

This is YOUR big mistake. And, it fits into cor****ate propaganda. The
first proof that you are wrong is this: You can be the best in your
field but it does no good if there are ten guys who are best in the
field and there are only five jobs and that means that five "best in
the field" don't get jobs. The second proof that you are wrong is that
what you think is "best in the field" may not be what the employer
thinks is "best in the field." I have seen jobs out there, in my life,
go to relatives (who are not the best) or sons or daughters, or they
go to ***y blond who does blow jobs instead of ugly you who gets work
done.

> All the rest of the advice from trying to climb onboard some
> government gravy train hoping someone else's brain power & labor will
> pick up the slack to sleeping under a bridge is just BS.

You have this idea about castles-in-the-sky, and I'm telling you what
I have actually seen, and I've probably hired more people than you,
and helped other people get jobs, and helped people avoid mistakes.
Also, I formed my own small cor****ation in 1995 and this year I am
disolving it to fully retire. I was president. A few years ago, I
hired my wife as vice president.

> How about you try sleeping under a bridge sometime.

No thanks, but for a few months when I was in college, long ago, I had
no money in my pocket and it was not a nice feeling.

  If you are not
> robbed & killed by drug addicts or freaks through the night, its a
> bonus.

You have to know the safe places to sleep at night, too. You can also
get robbed and killed by drug addicts, etc., living in your own nice
home. I read the police re****ts in our local papers on all the break-
ins where the people living there are assaulted, robbed, beaten, and
sometimes killed, too. You don't have to be in the park to get
killed.

Now, if you want, I can expand on my suggestions how to survive the
depression, or give some new ideas.

I'll advise some bad ideas now:

1. Play the lotto, horses, gambling, etc.

Here are more good ideas:

1. Use food coupons, look for sales, discounts.
2. Find any books that help you save money in life.
3. Start a Roth IRA
 




 1 Posts in Topic:
Re: How to survive the depression...
Straydog <arthures@[EM  2008-04-08 06:19:11 

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tan12V112 Wed Dec 3 19:02:57 CST 2008.