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I've only recently started earning enough money to save a bit every month, but pay is not that high at all. I have little credit, about two months worth of savings. I took a job out of college to get industry experience to go to grad school next year, but all the doom certain people are talking about make me worried. I must say that if the economy crashes, the business I work for will fail. My family is not in the most stable position either, both of them work in the tourism industry, and they have significant debt and little saving.
I do rent a property that allows me to have a garden, but all it is suitable for is some herbs and tomatoes, but not a self-sustaining homestead. Furthermore, I lack a car. I did have a few thousand dollars saved up, but I did need new hearing aids and those are slightly expensive.
As for my skills, I am a mathematician that also took some classes in the sciences, but I have no experience in trades except for lawn service.
Don't tell me I should have done things differently, but tell me what do from here should the economy crash when the default happens. Naturally, I would rely on my folks, but I am not exactly a welcome character for a certain family member there.
But that assumes I have a few years. Some people claim that economic crisis is immediate.
In that case bend over and put your head between your legs and kiss it goodbye and reslize you had bad timing. The 17 the is less than two weeks from now
In that case bend over and put your head between your legs and kiss it goodbye and reslize you had bad timing. The 17 the is less than two weeks from now
That answer isn't really good enough for me. I'm not really experienced in these sort of things, though.
That answer isn't really good enough for me. I'm not really experienced in these sort of things, though.
Based on your scenario and timing it could be a reality. You only have a little over a week to prepare and if it is economic collapse with your variables .......... On the other hand you could talk to different people and find an alternative life view.
As for my skills, I am a mathematician that also took some classes in the sciences, but I have no experience in trades except for lawn service.
but tell me what do from here should the economy crash when the default happens. Naturally, I would rely on my folks ...
What does "crash" mean?
Very, very precisely, in real practical terms, what does "crash" mean?
If the economy "crashes", how would relying on your parents help? Wouldn't they be involved in the same crash?
Perhaps by "crash" you mean that you would lose your job.
The US will not default, it is just political theater. Nor do I think that some kind of catastrophic crash, involving the whole economy whereby there is a widespread shortage of fuel and food, is a high probability.
So stop worrying about that.
It seems more likely that you fear losing your job over the next month or two.
Over a longer-term perspective (two-three years?), mathematics is a good basis, perhaps consider combining it with actuarial studies and seek a career with a large insurance company or some other branch of mathematics applicable to finance with a large bank. Just a suggestion.
Of course there are applications to industry. But you do not specify what industry you now have some experience in.
At any rate, generally speaking, the key is to master two, at most three, marketable skills and apply them to a specific industry; in my case it was a combination of economics/finance/business and languages, applicable mainly to the banking/investment industry. Nowadays just one skill doesn't cut it.
With a math degree. if that's what you have you have a leg up in teaching I am guessing. Private schools will take you without a state teaching certificate. You prob. will have to relocate tho'.
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