dancerjodi: (Finance)
dancerjodi ([personal profile] dancerjodi) wrote2007-11-07 10:49 am

Weathering a recession

How would you do? This person has it kind of simplified:
http://marketplace.publicradio.org/display/web/2007/11/06/manion_commentary/

Its a weird balance between comfort and risk. As I've earned more money and purchased more things I've felt more secure BUT also have more to lose. I think I have a healthy understanding of what could be quickly given up - its the debt that's stuck to you (loans, credit cards) that you can't offload easily that can be crippling. I think far too many people consider these niceties as givens or as needs and end up buried (myself included historically).

I'll feel a huge load off my back in the next couple of years when my car loan and student loans are paid off. :)

[identity profile] greylady.livejournal.com 2007-11-07 04:52 pm (UTC)(link)
Well, since I'm still not recovered from the last one, I'd probably end up rocking back and forth in a ditch somewhere.

San Jose 2002, dotcom and biotech crash. Once was enough, thanks. Another 18 months without a job would drive me un-sane.