| Jane Chin | shares | economy sucks and prices keep rising; what is your current strategy for planning for the future? |
Aug 13, 2008 -
06:59PM
| Jane Chin | shares | economy sucks and prices keep rising; what is your current strategy for planning for the future? |
| kingz jewel | pray ... alot |
| DebInAustin | says | trying to spread my clients throughout the country so I don't rely on any one economy. I am worried that Denver's economy will take a dive |
| DebInAustin | says | after the DNC, so want to make sure I am not just rooted here in Denver. |
| patricksweeney | says | putting my head between my legs and kissing my ass goodbye! Nah, just trying to get my head above water for now. |
| AnitaK | stop eating and driving? I wish I had cash to put into stocks now... |
| DaisyΜ∞n | says | go no where, wear old clothes, eat nothing  Seems to be the only way to survive some days |
| Gramma Annie! | Daisy - if you eat nothing, you'll need new clothes!  |
| Gramma Annie! | I stay home a whole lot more. I also planted a vegetable garden this summer. |
| Jane Chin | you think stocks are a good way to go bc prices are low and for sure they'll go up? |
| Jane Chin | hm... my 401k keeps dropping and i stopped looking at the #'s. too depressing. |
| RenegadeScribe | says | I'm thinking of stealing gas and selling it on the black market. |
| SandyBBerry | says | we are cutting back on eating out. |
| Lloyd Lemons | says | simplify (even more) drive less, bike more, diet, fewer restaurants, no malls, maybe sell a car |
| RenegadeScribe | says | Seriously, we've tried to minimize driving, lessen the amount of times we eat out, make sure to buy gas at Costco, and put the thermostat |
| RenegadeScribe | says | up almost to 80 |
| Maarmamute | says | no A/C in the summer, heat set at minimum of thermostat in winter, recycle clothing and try to reuse materials where possible. |
| Maarmamute | says | Also trying to find at least one if not three more jobs to provide more income. I can sleep when I'm dead. |
| Jane Chin | DebInDenver is your biz conductive to remote operations? I think PR should be. |
| DebInAustin | says | yes Jane, I could pretty much work anywhere, with some travel required. I try to meet as many journalists as possible to keep the |
| DebInAustin | says | relationship going. And now that I am doing more SM, want to meet as many people as possible at conferences, etc. |
| kingz jewel | i have foregone seeing my family (an hour away), eating out, going far for groceries, and not going to my son's jiu jitsu class (30 min) |
| kingz jewel | there have been other sacrifices, too. i see this might become a blog post |
| DS♥ | die young  |
| LChamp | says | I planned for many years to retire early. retired at 55. now is the time for me to preserve capital not gamble on the markets. no concern |
| Walter | thinks | far too many Americans spend their money on depreciable toys. |
| iheartbobbyb | says | Not going to lie, the future of the nation scares me to death. It's scary where everything is heading... |
| D.D. | says | ............ sigh ... so wat can we do now? |
| LChamp | says | iheartbobbyb: the future is in your hands...don't just stand there, do something!  |
| D.D. | says | is it true that the worst is yet to come? :S |
| iheartbobbyb | says | LChamp: this is true. you're right, I |
| iheartbobbyb | says | *I've got to do something about it! |
| Nexeus | says | make. more, money |
| Walter | says | in all of human history, there's only been a middle class for the last 60 years. And now it's shrinking. Yikes. |
| D.D. | says | wat do u mean, Walter?  it sounds scary |
| Jane Chin | i saw on news that many people who bought houses in 2006 may actually have "negative" equity right now |
| Walter | says | Jane, not just "many" -- it's more like 1/3! tinyurl.com/55y36z |
| Jane Chin | CA as usual tops 'em all - lose 80+% of equity - I remember a few yrs ago inland empire was being developed like crazy, many moved there |
| Walter | says | daringd: It's called the middle-class squeeze. And yes, it is scary. is.gd/1rBC |
| Jane Chin | hm... i'm checking willow; and one home in our neighborhood sold for $805K built in 1989. that's not bad I guess. |
| Jane Chin | i.e. buying cars you can't afford, home too big for your budget, new wardrobe every season, vacations and cruises etc on credit. |
| D.D. | says | haiz... |
| LChamp | says | It's called personal responsibility. I am responsible for my actions. If I buy something I can't afford, I can't complain about it. |
| Walter | says | it is primarily due to personal choice, compounded by changes in global economic factors, allowing less room for errors in our choices. |
| Walter | says | it used to be easier to dig out of debt. But now with millions of off-shore workers willing to do our job at 1/3 the cost, it isn't so easy. |
| Jane Chin | s who CAN make cheaper prices possible. which gives? |
| Jane Chin | also, it depends on the type of biz. manufacturing gets hit the hardest, bc of fixed COGS and offshoring prevents increased prices |
| D.D. | says | there's always opportunities in time of crisis, what do you think the opportunities that exists or will exist in near future? |
| Walter | says | We over-consumer. Consume less, and you don't need to demand lower prices. |
| Walter | says | I'm totaly cool with giving jobs to the those who can do it the least expensively. That's good for everyone. |
| Walter | says | (Except for the union guy who was getting paid $50k a year for sweeping a factory floor.) |
| Walter | says | having visited approx 40 different manufacturing sites, both union and non, I can say unions have done significant harm to US manufacturing. |
| D.D. | says | significant harm? why is it so? |
| D.D. | says | hmmm.... nvr see it that way. not many union thingie in Singapore |
| D.D. | says | hahaha..... :p except for certain industry like the airline. they sure have hehe. :p |
| D.D. | says | oh!!! tat's true. hmm .... Singapore is a v biz oriented country. As long as it makes profit , that matters in the end. |
| ForgeAus | says | Walter wasn't quite right, they also spend them on disposable goods not just depreciable toys lol! |
| Walter | ForgeAus Right! They'd better enjoy their Starbucks now, because they'll be drinking McCafe in retirement. |
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