Reply to people being hit super hard

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[quote=Anonymous]OP again. I read a great article in the post magazine a few years ago about a guy who went home to visit his parents, who live on a farm. In the course of his stay, he emptied a mouse trap of its victim, and later, when his parents asked what he did with the mouse trap, he said he had thrown it away. The look of disappointment and horror they gave him was the departure point for this very well written story.

The author described his parents way of dealing with money, probably the result of hard lessons learned by the depression, which was: save, and buy only what you can afford. They build their own house, and added to it when they had saved enough to do so. They lived below their means, and as their means grew, they did not change their ways.

As a result they had what few people now have: substantial savings, no debt, peace of mind.

The hard lessons I personally have learned will change everything about how we spend in the future, how we teach our child to plan for the future, and hopefully if its too late for it us, it will still not be too late for her to know this peace of mind.

The book "Millionaire Next Door" talks about prodigious accumulators of wealth, who live cash only, buy only used cars (cash) [i]spend as iittle as possible and put away as much as possible.
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I think this is going to the way people are once again forced to operate. The ones smart enough _and_ fortunate enough to be able to convert to this model pre-emptively will reap the most benefit.

To the PP who felt it necessary to comment that my calling or thinking about something as a windfall is "the problem": you do not know _any_ thing about my specific situation or type of business I have and therefore you cannot assess "the problem" based on anything other than asumptions about my case. (I didnt post to discuss my case anyway. This is way beyond _me_. This is our nations and indeed our entire world's problem, not my personal problem.)

To the PP who felt that "most people" the poster knows who are in bad situations made bad decisions to get there because of ignorance or whatever else, you simply are looking at too small of a sample size.

There are forces beyond one's control that can come in and [b]change everything.[/b] And any of you who in the back of your minds think that could happen to you, it could. But then, I would think most people looking at this post might in fact be the very people I wanted to address: people already being hit super hard. Which is _a lot_ of people, and depending on how far you pull out the lens, most people.

If you're doing great, and make more money than you need, and spend below your means, have no personal debt or consumer debt, own your property and cars outright, have actual net worth and have all the retirement plans guaranteed and set up and a great health care plan as well as a supplementary catastrophic plan, then CONGRATULATIONS.

Everyone else: take this time to learn what you can so that you never find yourself in a bad spot, again, or ever.[/quote]

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