Comments on: Readers Weigh In: Your Worst Financial Nightmares http://www.fiscalfizzle.com/2009/08/worst-financial-nightmare/ Spicy Thoughts on Personal Finance Sat, 31 Jul 2010 12:23:48 -0700 hourly 1 http://wordpress.org/?v=3.0.1 By: Wojciech Kulicki http://www.fiscalfizzle.com/2009/08/worst-financial-nightmare/#comment-564 Wojciech Kulicki Mon, 15 Feb 2010 23:15:51 +0000 http://www.fiscalfizzle.com/?p=1988#comment-564 Losing your home is a big one! I live in a water-exposed part of Florida (not hard to do), so it's almost an expectation here that your home will flood sometime in the next 100 years (hence, the creation of flood zones and flood insurance). Kind of scary to think about, but I guess for the weather we get, it's worth the risk. Losing your job is also a big one! People got used to being able to take on "fall-back" jobs in case they were ever laid off or fired, but even those jobs have mostly been scooped up these days! It's scary out there. Losing your home is a big one! I live in a water-exposed part of Florida (not hard to do), so it’s almost an expectation here that your home will flood sometime in the next 100 years (hence, the creation of flood zones and flood insurance). Kind of scary to think about, but I guess for the weather we get, it’s worth the risk.

Losing your job is also a big one! People got used to being able to take on “fall-back” jobs in case they were ever laid off or fired, but even those jobs have mostly been scooped up these days! It’s scary out there.

]]> By: Treii http://www.fiscalfizzle.com/2009/08/worst-financial-nightmare/#comment-563 Treii Mon, 15 Feb 2010 22:51:56 +0000 http://www.fiscalfizzle.com/?p=1988#comment-563 My worst nightmares are losing my current job and not being able to find work - at all! I cant stand for long hours at a time, so most retail/fastfood/service related jobs are out of the running for me. Another nightmare I have is losing my home due to fire/flood or oher natural disaster. My worst nightmares are losing my current job and not being able to find work – at all! I cant stand for long hours at a time, so most retail/fastfood/service related jobs are out of the running for me.

Another nightmare I have is losing my home due to fire/flood or oher natural disaster.

]]> By: JvW http://www.fiscalfizzle.com/2009/08/worst-financial-nightmare/#comment-562 JvW Fri, 21 Aug 2009 20:39:36 +0000 http://www.fiscalfizzle.com/?p=1988#comment-562 My worst financial nightmare is to have no income and no way to fix the problem. In the nightmare, something happens to one of us - usually an accident leaving us unable to work, or a disease that costs tons of money - and we have extra bills and expenses and no way to earn any money. We do have excellent health insurance right now, but to be honest I don't even know if we have disability insurance. My worst financial nightmare is to have no income and no way to fix the problem. In the nightmare, something happens to one of us – usually an accident leaving us unable to work, or a disease that costs tons of money – and we have extra bills and expenses and no way to earn any money. We do have excellent health insurance right now, but to be honest I don’t even know if we have disability insurance.

]]> By: ontheroadto1m http://www.fiscalfizzle.com/2009/08/worst-financial-nightmare/#comment-561 ontheroadto1m Fri, 21 Aug 2009 11:51:30 +0000 http://www.fiscalfizzle.com/?p=1988#comment-561 My worst financial nightmares: 1) buying a home in California and having it destroyed by an earthquake -I guess this is related to your unforeseen catastrophe. 2) Being in such need of money that I'm obliged to work long hours in a job that I don't like, missing out on time with the family. I'd never thought of the opportunity costs, I think you may just have added a new one to my list! My worst financial nightmares: 1) buying a home in California and having it destroyed by an earthquake -I guess this is related to your unforeseen catastrophe. 2) Being in such need of money that I’m obliged to work long hours in a job that I don’t like, missing out on time with the family.

I’d never thought of the opportunity costs, I think you may just have added a new one to my list!

]]>