Comments on: Even A Decade Long Recession Will Be Okay

By: karla (threadbndr)

karla (threadbndr) — Thu, 06 Nov 2008 22:25:06 +0000

My mom, who was a teenager/college student during the Great Depression has a “survived it once, will survive it again” attitude. Like your friends, staying the course left her parents and her much better off financially.

My Grandfather actually lost his farm, but my Grandmother had used her dowry money to buy land and a rental property for cash, so they moved and prospered. I grew up in that house.

By: marci

marci — Mon, 27 Oct 2008 04:45:31 +0000

As the old saying goes, “When the going gets tough, the tough get going.”

Hang in there, and keep on a-truckin’.

By: carlota

carlota — Sun, 26 Oct 2008 02:10:19 +0000

Your post enlighten me. I can let my hubby to buy the stocks now. Thanks.

By: Karina Harris

Karina Harris — Sun, 26 Oct 2008 00:23:18 +0000

The current economic crisis in the US is certainly sparking a lot of controversy and people are beginning to feel very lost when they can no longer lean on their employers or big business to help them through the tough times. With the amount of people being laid off and fired from their jobs not many people know that home-based businesses thrive in this type of financial crisis. It saves gas money, airfare, and also eliminates the tension when thinking about if and/or when you may be laid off from your 9 to 5 job.

By: Joe

Joe — Sat, 25 Oct 2008 18:06:03 +0000

Great post David.

I’m just grateful that I’m in my mid 30’s and have the opportunity to take part in this once in a lifetime equity sale.

By: Vik Dulat

Vik Dulat — Sat, 25 Oct 2008 06:22:34 +0000

I agree with Fatherlyours. It is a good time to buy stocks right now. Sooner or later the stock market will be back. I guess time will tell as to when it will come back.

By: Shadox

Shadox — Sat, 25 Oct 2008 01:15:43 +0000

The most important thing to worry about (financially) is your monthly cash flow. As long as you have a job and are making more money every month than you are spending, you are in OK shape. Focus on keeping your job and not making any stupid / rash decisions.

By: Fatherlyours

Fatherlyours — Fri, 24 Oct 2008 22:44:17 +0000

Yeah, you are right. A friend of mine even told me that buying stocks at this time is even a wiser decision.

By: Joy Ball

Joy Ball — Fri, 24 Oct 2008 17:50:14 +0000

Wow, you make me calm again. I’m very worried right now but like what you said, not to panic. You’re right we should work hard instead of worrying so much. Thanks for your great article. You are very positive person.

By: Donny Gamble

Donny Gamble — Fri, 24 Oct 2008 16:47:13 +0000

I don’t believe that the recession will last for an entire decade because the emerging markets will recover from this crisis a little bit after the United States and this should take about 3 to 4 years.