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Jims5543 Jims5543 is offline
I'm with Bill
 
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Join Date: Feb 2005
Location: Jensen Beach, FL
Posts: 13,028
This is why I paid my Mortgage off and OWN everthing I have outright.

If it comes down to it I could get by on $500 a month if need be. I predicted that in 2 years from the election the economy will be mush.

I see a big recession right around the corner. I own my own business that depends on good interest rates to keep busy. I remember in the late 80's my old boss predicting the recession and warning all of his employees to tighten up their home budgets. I sold a "toy" car and simplified my life and did well as my hours and pay was cut through the "Reganomics Fallout" of the late 80's Early 90's.

I have made the same suggestion to my employees now. I told them that in 2 years (now 18 months) to have their financial affairs in order and prepare for a huge slow down in the economy. I am almost ready 6 more months and I am prepared to flip burgers for a living if I have to.
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Old 04-17-2005, 06:35 PM
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