91–100 of 100 posts
It’s already here. However recessions have been getting shorter and shorter every time they occur.
Recessions only seem short if the KPI is stock market indices. It's easier for the Fed and Treasury to prop up financial markets than it is to pass bills that help Main St recover.
Nothing to do with “propping up” anything.
- aggressively trim unnecessary expenses like media subscriptions, the "extra coffee", immaterial luxury goods. you don't have to live like a monk, but all of us could easily trim our fun spending by 20-50%. - have 6-12 months of emergency cash that can sustain you if your main source of income fails. something will always happen, whether it's an appliance or car that breaks down, or an unexpected medical expense. sl…
for many, it's been buy high, sell low. it's always a gamble.
- aggressively trim unnecessary expenses like media subscriptions, the "extra coffee", immaterial luxury goods. you don't have to live like a monk, but all of us could easily trim our fun spending by 20-50%. - have 6-12 months of emergency cash that can sustain you if your main source of income fails. something will always happen, whether it's an appliance or car that breaks down, or an unexpected medical expense. sl…
imagine being able to save for 6 months
I’ve been paranoid since before you were born ;) Here is what I did long before the current downturn. * Cleared up credit card debt (actually all debt) 25 years ago * Paid off mortgages * Sold office and bought farm with year-round creek * Stored lots of freeze-dried food * Bought precious metals * Kept my coding and writing skills up to date * Moved some investments to cash positions so we have 1 year of expenses (a…
What are you up to date about now?
I’ve been paranoid since before you were born ;) Here is what I did long before the current downturn. * Cleared up credit card debt (actually all debt) 25 years ago * Paid off mortgages * Sold office and bought farm with year-round creek * Stored lots of freeze-dried food * Bought precious metals * Kept my coding and writing skills up to date * Moved some investments to cash positions so we have 1 year of expenses (a…
> Kept my coding ... skills up to date What are you up to date about now?
Earlier quoted context omitted.
That's good to know (no sarcasm intended) - I was intending on holding onto my modest stash of diesel for a few months at most, but probably worth finding out a bit about how quickly it goes off!
Yeah, fuel degrades over time. There are different numbers out there. Exxon [1] says up to six months. "In general, gasoline should be used within a month of purchase. When the engine will not be used for an extended period of time, it’s best to drain the fuel tank and then run the engine until it stalls. If you choose to store gasoline and follow proper storage guidelines, the gasoline can be expected to remain of g…
More: this was a 1997 car with gas not diesel.
- Bought real estate. - Got a remote-first job outside of crazily inflated tech money while still asking for tech money because the market for developer was crazy hot a few months ago. The previous one wasn't too bad personally. I can't say I ever had problems finding a job, no matter the market. Network aggressively, sell yourself well. Invest in people skills if you suck at it and you won't have problems landing a…
Someone will always pay for a highly effective person, but if you can't demonstrate why you are, you will be in trouble.