Comments on: 5 Ways to Get Ready for Worse Times Ahead http://www.fiscalfizzle.com/2009/11/preparing-financial-downturn/ Spicy Thoughts on Personal Finance Thu, 11 Mar 2010 02:30:08 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Friday Links - Canadian Finance Blog http://www.fiscalfizzle.com/2009/11/preparing-financial-downturn/#comment-9517 Friday Links - Canadian Finance Blog Fri, 20 Nov 2009 10:02:18 +0000 http://www.fiscalfizzle.com/?p=2709#comment-9517 [...] Fiscal Fizzle suggests 5 ways to get ready for worse times ahead. [...] [...] Fiscal Fizzle suggests 5 ways to get ready for worse times ahead. [...]

]]> By: Wojciech Kulicki http://www.fiscalfizzle.com/2009/11/preparing-financial-downturn/#comment-9432 Wojciech Kulicki Wed, 18 Nov 2009 01:56:16 +0000 http://www.fiscalfizzle.com/?p=2709#comment-9432 Interesting observation about the "threes." Although things don't often happen "all at once," they do seem to happen in bunches, don't they? Interesting observation about the “threes.” Although things don’t often happen “all at once,” they do seem to happen in bunches, don’t they?

]]> By: Wojciech Kulicki http://www.fiscalfizzle.com/2009/11/preparing-financial-downturn/#comment-9431 Wojciech Kulicki Wed, 18 Nov 2009 01:53:26 +0000 http://www.fiscalfizzle.com/?p=2709#comment-9431 Architecture. I guess I'm a little biased with the recent downturn, as we've been severely affected. I don't believe we'll ever regress that far, as you point out. But that is the reason why I think I am so thankful for what I have... Architecture. I guess I’m a little biased with the recent downturn, as we’ve been severely affected.

I don’t believe we’ll ever regress that far, as you point out. But that is the reason why I think I am so thankful for what I have…

]]> By: Financial Samurai http://www.fiscalfizzle.com/2009/11/preparing-financial-downturn/#comment-9429 Financial Samurai Wed, 18 Nov 2009 01:45:50 +0000 http://www.fiscalfizzle.com/?p=2709#comment-9429 Wojo, I'm pretty confident the US won't regress to the point of a 3rd World Country. Gotta have faith! What industry do you work in? Bc, Goldman paying 600-700k/worker this year doesn't happen in a "worst case scenario!" :) Keep the faith everybody. Wojo, I’m pretty confident the US won’t regress to the point of a 3rd World Country. Gotta have faith!

What industry do you work in? Bc, Goldman paying 600-700k/worker this year doesn’t happen in a “worst case scenario!” :)

Keep the faith everybody.

]]> By: MoneyEnergy http://www.fiscalfizzle.com/2009/11/preparing-financial-downturn/#comment-9419 MoneyEnergy Tue, 17 Nov 2009 20:06:52 +0000 http://www.fiscalfizzle.com/?p=2709#comment-9419 Great post - I like your point about tough times usually coming upon us slowly, rather than all at once. Even if it seemed like the financial crisis hit all at once in Sept. 2008, it really didn't. That was a major slide, but there were other slides before and after that, too. Same with personal finances - negatives can come in threes, or they can come in stages - good to stay flexible and keep planning as you go. Great post – I like your point about tough times usually coming upon us slowly, rather than all at once. Even if it seemed like the financial crisis hit all at once in Sept. 2008, it really didn’t. That was a major slide, but there were other slides before and after that, too. Same with personal finances – negatives can come in threes, or they can come in stages – good to stay flexible and keep planning as you go.

]]> By: Wojciech Kulicki http://www.fiscalfizzle.com/2009/11/preparing-financial-downturn/#comment-9413 Wojciech Kulicki Tue, 17 Nov 2009 18:51:25 +0000 http://www.fiscalfizzle.com/?p=2709#comment-9413 Not only during the bad times, but it's also a great way to put away a little extra during the good times so you're ready for any unforeseen circumstances. Not only during the bad times, but it’s also a great way to put away a little extra during the good times so you’re ready for any unforeseen circumstances.

]]> By: Wojciech Kulicki http://www.fiscalfizzle.com/2009/11/preparing-financial-downturn/#comment-9412 Wojciech Kulicki Tue, 17 Nov 2009 18:50:30 +0000 http://www.fiscalfizzle.com/?p=2709#comment-9412 I love options! So much in fact that I'm planning to write a whole book about them. More to come... I love options! So much in fact that I’m planning to write a whole book about them. More to come…

]]> By: Wojciech Kulicki http://www.fiscalfizzle.com/2009/11/preparing-financial-downturn/#comment-9411 Wojciech Kulicki Tue, 17 Nov 2009 18:49:14 +0000 http://www.fiscalfizzle.com/?p=2709#comment-9411 Based on my own experience at work, I think we are in agreement that things are getting better. I definitely hope we can experience that "bonanza" you speak of soon! On the other hand, I have to say I disagree that this is the worst things could possibly get. Having grown up overseas and in contact with a lot of friends and family both there and in other parts of the world, I count myself and everyone else in the modern world as pretty darn lucky. Not to mention the survivors of the Great Depression. I don't know about you, but I can still put food on the table. That's a lot more than many people can say right now. Anyways, my two cents... Based on my own experience at work, I think we are in agreement that things are getting better. I definitely hope we can experience that “bonanza” you speak of soon!

On the other hand, I have to say I disagree that this is the worst things could possibly get. Having grown up overseas and in contact with a lot of friends and family both there and in other parts of the world, I count myself and everyone else in the modern world as pretty darn lucky. Not to mention the survivors of the Great Depression.

I don’t know about you, but I can still put food on the table. That’s a lot more than many people can say right now.

Anyways, my two cents…

]]> By: Financial Samurai http://www.fiscalfizzle.com/2009/11/preparing-financial-downturn/#comment-9400 Financial Samurai Tue, 17 Nov 2009 13:20:44 +0000 http://www.fiscalfizzle.com/?p=2709#comment-9400 The "things r gonna get worse" crowd are living with their heads in the sand, sorry. NOTHING could be worse than what we've experienced over the past 18 months, and for that, I'm excited. This is one big bull market, and next year will be a job market BONANZA since firms over fired in the downturn. The “things r gonna get worse” crowd are living with their heads in the sand, sorry. NOTHING could be worse than what we’ve experienced over the past 18 months, and for that, I’m excited.

This is one big bull market, and next year will be a job market BONANZA since firms over fired in the downturn.

]]> By: Miranda http://www.fiscalfizzle.com/2009/11/preparing-financial-downturn/#comment-9370 Miranda Mon, 16 Nov 2009 15:30:21 +0000 http://www.fiscalfizzle.com/?p=2709#comment-9370 I try to keep my sources of income relatively diverse in the types of work I do, and who I do it for. I also like your point about reducing obligations. The fewer obligations you have, the more options you have for your money. I try to keep my sources of income relatively diverse in the types of work I do, and who I do it for. I also like your point about reducing obligations. The fewer obligations you have, the more options you have for your money.

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