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LookieNoNookie -> RE: "pessimism porn" ? new term for guys like me (4/25/2009 6:54:49 PM)
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quote:
ORIGINAL: pahunkboy
http://www.youtube.com/watch?v=4wTDm8G5Ics
In one regard there is something to be said about thinking doom. Yet- one can not dispute that the dollar has long been weakened as has our standard of living in this country-in particular- if one was born at the end of the baby boom or later.
My favorite guru is Bob Chapman. While I like to identify a problem, I am more interested in possible solutions. Indeed when my entire town is on doom or riot- then to redirect to a focused solution will be in order.
Sometimes people talk about world events as we dont have much control of them. I can change the room I am now in- but to change the world is another matter.
The sorry mainstream media - tho- flatters itself. Even if rose gardens galore was the forecast- more and more people take the MSM as shallow.
..after all- in todays world we are just a number. We are not tribal- where the village elders handle our concerns for the settlement. Indeed in recent years I dont think we are governed by consent.
So- as one hits 40- one sees the world cynical. Surprise.
I've never been a cynic, nor have I ever bought into whatever the current mainstream paranoia was or is.
There's a very simple way to obviate all of the above; Prepare....regardless of the situation....prepare.
Plan for the worst, hope for the best.
That doesn't mean living on rice and Spam...it simply means...live below your means (or income), invest in things that provide an income....as opposed to those things that drain your resources.
Most people that make 20K a year, spend 30. Most that make 150K, spend 200. Most that make 500K spend 700.
Since I was 17 I invested in things that paid me as opposed to those that I had to pay. While most bought (in 1980) a $95,000.00 house and struggled to fill it with furniture....I spent the same amount on 4 studio condos, lived in one, much smaller than I'd have preferred and sold them all 10 years later for 80K apiece.
Most of my friends told me back then they "refuse to live in an apartment" (their reference to the fact that I had people living above or below me). When I sold those units, I bought a very nice home for cash and at the same time used the remainder as a down payment on a 12 unit apartment building....which I later sold for enough to buy my first commercial building....for cash.
At no time did I ever pay (after income from the properties was accounted for) on a monthly payment basis more than my friends were paying for their homes.....which, by the time I paid cash for my office building....they had remortgaged several times.
The shit is hitting the fan at the moment....but the shit always hits the fan....this is just wayyyyyy the hell bigger shit....and a vastly bigger fan.
No one has to be broke.
Most, however, choose to be.
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