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Living in a post-bailout America
Well the bailout has passed. Hurray for Fascism! Is it going to save America? No. It probably means that we hit the trees rather than slam into the side of a cliff. Either way, the plane is coming down…hard.
So what can you do about it? Not much on a macro level, but you can do a lot at the micro level. Here’s my post-bailout check list:
- Pray and live a good life.
- Do your part to NOT be part of the problem (meaning pay your bills, stay out of debt, etc).
- Get up and go to work every single day. Do your very best at work!
- Don’t get caught up in the media’s hype.
- Have at least three months of food and water on hand.
- Cut out needless expenses and reduce your overhead.
- Educate yourself on hyper-inflation and currency conversion.
- Stop thinking of the Dow Jones Industrial average as an indicator of how well or bad things are going.
- Go to church and read the scriptures - have faith!
- Pull some emergency cash out of the bank but NOT all your cash.
- Where possible, reduce your debt to just your mortgage. Get rid of that too if you have the means.
- Don’t procrastinate getting the important things done like dental check ups and fixing problems with vehicles.
- Rollover your 401k into gold. Stay out of the stock market. Its now officially worse than Vegas.
- Vote out the bums in November.
- Laugh and keep a positive attitude.
I want to reiterate that last one: LAUGH!!! Most people want to bitch and complain about the things they can’t control in their life. I say laugh at it. Find the humor in everyday BS situations you can’t control. You’ll live longer. I was talking to my buddy, Justin McHood, on the phone last night. He has been living through the carnage of the mortgage meltdown. We sat on the phone for 30 minutes and laughed hard about how everything has gone strait to hell. Its all you can do and its one of the only things that will keep you sane.
So live life, LAUGH, be happy, be SMART, and be a good person! It will all work out in the end.
Nice pose Chris, but you got things out of order.
No. 14 should be No. 1 - and No. 2 and No. 3.
I also disagree with No. 13. Stocks are on sale. Yes they have gone down, but there are numerous companies that are doing well. The people who bought in after the crash in 1987 made a killing - the LDS church included. Do not go into debt to invest, but pulling all of your money out of the market will push the market down further and will leave you out when things rebound.
The only thing we have to fear is:
Hi, I’m from the government and I am hear to help.
Left by Rand on 10/06/2008Chris,
Please correct “hear” to “here”
Left by Rand on 10/06/2008@Rand:
A couple of thoughts on the stock market. In the long run you might be right but the dynamics of the market have changed dramatically since 1987. I say right now is the right time to be out. I think the Dow will hit 8k by the end of October. Then might be the right time to buy but I think we;re in for a prolonged recession if not depression. The market will go no where for years to come.
Left by Chris Knudsen on 10/06/2008