09-21-2008, 09:18 AM
quote:
Originally posted by james weatherford
Costs. Jobs. Debts. ...
I will give an example - my pops all the way out in Honomu and on DIAL UP ... is making so far this year way way more than 10%on his investments as of 9/18. Yes he is retired and spends a few hours moving things around and he is smart too, and well I guess lucky too. (Luck = opportunity meeting preparation). Little debt at all. All their property is making money because they are old mortgages - some even paid off this year. The only worry he really has is costs - but again being retired he plans his two trips to town a week very well. Still coupon shops. And drives a car that is paid off with very low miles on it. Keeps electric low. They rarely use the clothes dryer. Flys standby on his son's passes. Full boat med insurance paid for by former employer as part of retirement pkg.
His outlook is based on being a depression era baby. So this recession is a been there done that kinda thing.
He told me if he was thirty years old with 3 kids today instead of in 1964 he would be scared to death.