Pickering Angels

What are YOU doing to prepare for the bad times ahead?

What are YOU doing to prepare for the recession?

  • I've reduced my spending a lot (less hobbying!) to save up

    Votes: 15 22.7%
  • I've reduced my spending a little to save up

    Votes: 22 33.3%
  • Got enough saved already, business as usual

    Votes: 8 12.1%
  • Nothing, I don't expect anything will happen to me

    Votes: 12 18.2%
  • Nothing, I'd be so fucked nothing I do will help anyway!

    Votes: 9 13.6%

  • Total voters
    66

fuji

Banned
Jan 31, 2005
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I am hearing more and more about layoffs. Just last night I was at a party and people were talking about how their company just laid off 25% of its staff. I open the newspaper and I read that 100k people are going to lose their jobs in the next while. I log onto terb and I find at least a couple of long-standing members talking about how they recently lost their jobs.

Bad times them's a coming...

What are YOU doing to prepare? Anything?
 

kewluke

Kama Sutra Expert
Oct 30, 2001
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FUCK FUCK and FUCK....lol

Enjoy life...and the chicks....
 

new2game

New member
Feb 15, 2004
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If you haven't been living within your means...

...during the relatively good times, you certainly are up shit's creek without a paddle now. What am I doing??...not much different than I have over the last 10 years...paid down my debt,invested in the low risk,secure investments, and made sure I didn't go overboard on the frills and toys. Luckily , my job is quite secure, so having a decent steady income, with no debt load is a pretty good formula to ride this extended storm out...


N2G
 
C

crystalpalace

I was going to change my wheels in Canada by next month but decided to stick with my current car as it still has 2 years warranty left anyways till the sea is a bit more clear and reinvest the money I had set aside in to my portfolio which I now manage myself, cutting loose my buffoon broker with one of the top Wall St firms, opting instead for a direct access discount broker.
 

fuji

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Jan 31, 2005
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I've been living well within my means but I am worried that a bad time would force me to spend my retirement savings and I realized my "emergency fund" was way too low so since September I've basically cut out ALL "luxury" spending and it's shocking without SP's and fancy dinners and expensive dates just how much fucking money I have socked away already.

I plan to keep this up until the end of this year by which point I'll be able to survive at least a year of unemployment (with frugal living) if I had to, without having to touch my retirement savings. That's between what I'm saving, and the package I'd likely get from work if they let me go.

Assuming I still have a job I'll go back to my old habits in the New Year...

January 1st the party resumes!!!
 

W3bster

New member
Dec 22, 2007
539
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I would love for their to be a massive slowdown--that way I can go from working 60 hour weeks to 40 hour weeks.
 

Angela@Mirage

New member
Sep 13, 2006
1,064
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fuji said:
I am hearing more and more about layoffs. Just last night I was at a party and people were talking about how their company just laid off 25% of its staff. I open the newspaper and I read that 100k people are going to lose their jobs in the next while. I log onto terb and I find at least a couple of long-standing members talking about how they recently lost their jobs.

Bad times them's a coming...

What are YOU doing to prepare? Anything?
What i am doing is living in the present, not worrying about the future, just concerned for the now, right at this second. That is how people should live their life;only in the present. If you have a strong and positive perspective on life, and illiminate racketeering so to speak, the future should never really be much of an issue.I have to say that alot of your posts present the redundant aire of total gloom and doom. Live life and be happy.
 

a 1 player

Smells like manly roses.
Feb 24, 2004
9,722
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on your girlfriend
Contracting myself out to companies who are needing guidance in establishing lean manufacturing principles. Hopefully they will spend a little to save a lot.:eek:
 

fuji

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achtung baby said:
What i am doing is living in the present, not worrying about the future, just concerned for the now, right at this second.
Which is fine, you probalby have nothing and no responsibilities to speak of--all the things that make life so fulfilling in the end, like a family to support.

The last ten years have been in many ways one giant long party for me, I've been able to do things most people only dream of, and been lucky enough to do all that within my means, with enough savings so that I'll be able to go on doing it in retirement some day too.

That doesn't mean I haven't had a plan for my life, I think what you are missing is the "work hard" part of "work hard, play hard". You do need a plan for your life, even as you enjoy every moment of it.

A plan is incompatible with what you just wrote.

I have to say that alot of your posts present the redundant aire of total gloom and doom. Live life and be happy.
Grow up. Just because you're missing the things I've got doesn't mean they're worth nothing. You just don't know.

Why you think this post is doom and gloom I don't know--my response isn't doom and gloom. By New Years day I'll have put any worries about the economy behind me because I'll be ready for whatever. I have people I need to look after that I care about that I would be letting down if I didn't make sure of that.

On December 31st I'm gonna be having more fun than you are, because I'm gonna be having a wild care-free party--living in that moment yes, but also able to with ease because I'll know I'm prepared for whatever may come too.
 

fuji

Banned
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tbevel said:
Congratulations fuji....did you start this lame ass thread to pat yourself on the back, or just so you could read the responses of others that will pat your back for you?

Yawn....off to bed. :)
No, just to piss you off honestly; that and I was wondering whether I'm the only one that's cutting back for a bit.
 

papasmerf

New member
Oct 22, 2002
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I took a look at a V10 Excursion yesterday.
 

lawyerman

Active member
Nov 24, 2005
3,844
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I am doing things as I normally would.

Why should I have the negativity around me affect me? I think people should really think about what I'm saying for a minute.

If it hasn't affected me or will not affect me, why should I be concerned?

I do feel badly for people being laid off and what not but the fact of the matter is it doesn't make a difference to me.

I am working (smarter, not harder) and like the work that I do, my better half is doing great, my family doesn't have any major issues so why should it matter?

I think it's great that people are doing the same (if not better) now than they were before. I read on this thread that people are looking at cars or even boats for that matter. I love that.

Being positive and manifesting you positive thoughts will make a world of difference.
 

hairyfucker

Turgid Member
Sep 10, 2005
1,550
3
38
yes
I did not vote because you did not have an option for what I and many others are doing.

I am looking to capitalize on this downturn. When things are great people can make money. When things are bad people can make even more money.

The concept is that when things are bad the ability to leverage is gone and you need the basic capital to start. So if you have or have access to the capital you can get better deals which will only profit more as things turn around.
 

club69

Member
Jan 10, 2004
220
0
16
crystalpalace said:
... and reinvest the money I had set aside in to my portfolio which I now manage myself, cutting loose my buffoon broker with one of the top Wall St firms, opting instead for a direct access discount broker.
excellent idea, most brokers are moron and not much better than used cars salesman!
 

Angela@Mirage

New member
Sep 13, 2006
1,064
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fuji said:
Which is fine, you probalby have nothing and no responsibilities to speak of--all the things that make life so fulfilling in the end, like a family to support.

The last ten years have been in many ways one giant long party for me, I've been able to do things most people only dream of, and been lucky enough to do all that within my means, with enough savings so that I'll be able to go on doing it in retirement some day too.

That doesn't mean I haven't had a plan for my life, I think what you are missing is the "work hard" part of "work hard, play hard". You do need a plan for your life, even as you enjoy every moment of it.

A plan is incompatible with what you just wrote.



Grow up. Just because you're missing the things I've got doesn't mean they're worth nothing. You just don't know.

Why you think this post is doom and gloom I don't know--my response isn't doom and gloom. By New Years day I'll have put any worries about the economy behind me because I'll be ready for whatever. I have people I need to look after that I care about that I would be letting down if I didn't make sure of that.

On December 31st I'm gonna be having more fun than you are, because I'm gonna be having a wild care-free party--living in that moment yes, but also able to with ease because I'll know I'm prepared for whatever may come too.
Thank you for your response. I am a single woman who has alot of responsibilities, works for an incredible enterprise, I also currently work as a service provider, just because i truly love it, pursuing a great education, and have enough funds and current money to live a great life such as yourself. I think it is awesome that you have created a good foundation for your family. There is enough negativity concerning the markets on tv. Let's keep it there. Let's talk about how fun hobbying is or posts some reviews of some ladies. Isn't this truly what this board is about?
 
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