Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I didn't know it was a collapse either? Lol, I thought it was a severe recession. Although in some areas of the country I'd have to say even a mild depression for a period of time.
What did I learn from it? That Warren Buffett is a very smart man. When he said to "be fearful when others are greedy and greedy when others are fearful"... that quote makes perfect sense now.
I plan to live beneath my means until I retire. Before the "crash" or whatever you want to call it, I'd live beyond them and worried too much about keeping up with the Joneses, buying stupid things I did not need.
I also learned the value of purchasing commodities at the right time. Gold is a pretty solid bet long-term but you have to know how to jump in at the right time. I have a feeling that eventually the dollar will either decline or simply collapse under the weight of inflation. Why? Too much manufactured money, debt, and interest rates not in line with reality. That's when you'll see the SHTF for real. 2008 was a walk in the park compared to what's coming.
I didn't know it was a collapse either? Lol, I thought it was a severe recession. Although in some areas of the country I'd have to say even a mild depression for a period of time.
What did I learn from it? That Warren Buffett is a very smart man. When he said to "be fearful when others are greedy and greedy when others are fearful"... that quote makes perfect sense now.
I plan to live beneath my means until I retire. Before the "crash" or whatever you want to call it, I'd live beyond them and worried too much about keeping up with the Joneses, buying stupid things I did not need.
I also learned the value of purchasing commodities at the right time. Gold is a pretty solid bet long-term but you have to know how to jump in at the right time. I have a feeling that eventually the dollar will either decline or simply collapse under the weight of inflation. Why? Too much manufactured money, debt, and interest rates not in line with reality. That's when you'll see the SHTF for real. 2008 was a walk in the park compared to what's coming.
A really good book I'm reading now. Basically demonstrating why the USD is so strong in the world, and why this won't and can't change very quickly or anytime soon.
That when I had a gut feeling in 2006 and 2007 that houses can indeed go down in price when everyone around me said that never happens, I was....right!
For what? The pharaoh of Egypt was financially wealthy but couldn't spend it on antibiotics and couldn't buy a photograph or listen to an old CCR track . I am well positioned too, financially, but it doesn't look like I'll be able to spend it on as much progress as we could have because money now flows to the best scams.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
