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To: DB

>>All I can say is hold on and survive.<<

It is a bit late for some, but the way to survive is to live well within your means and stock up on cash when you do have employment. The bigger the nest-egg, the better you’ll breath. Those who are currently employed should act as if they won’t be tomorrow. I have 9 months gross pay in a special account (sadly, you can’t get squat on CDs or Interest checking accounts but I want to able to tap it at a moment’s notice). But has taken me 10 years to accumulate it.

Pay cash for everything, do without that which you can’t buy for cash. Use a very few cards (it is almost impossible to operate today without them), get the points and use them like cash — always pay them down to zero.

All the ideas here to stretch dollars should be strongly considered.

FWIIW, that is what people with money do. I read last week that the popular car for millionaires is a Toyota Camry.


26 posted on 06/01/2011 7:18:33 PM PDT by freedumb2003 (Herman Cain 2012)
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To: freedumb2003

“Those who are currently employed should act as if they won’t be tomorrow.”

Great advice, but it has become difficult to follow as stagnant wages meet inflation. Whatever Americans could put aside from their paychecks 3 years ago would be needed just to buy the same necessities you only needed 80% of your check for back then.


170 posted on 06/01/2011 10:03:54 PM PDT by kearnyirish2
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