In February the NYTimes began a series about how strapped Americans are addressing the Long Recession. “Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits.” Thus begins the first article in the series.
I’m very interested in two things:
1. How ARE you adapting, adjusting, rethinking, retooling, reschooling, etc.? And to what? Foreclosure? Job loss? Moving to follow the money? Please post comments below so we all can learn from your stories, no matter where you are in the process.
2. If you’ve heeded Your Money or Your Life in some way, has it made a difference in these hard times? I has for me…I do have enough income, though one income stream disappeared and I needed to replace it (which i have two times over). Thank you FI program, not only for the sacred nest egg but for FI thinking that allows me to think outside the box and find income where others would find none. I’m also a super-saver and no matter how much income I have, I am always under that in terms of spending. It’s become so natural to me that it’s like surfing. I feel under my feet where the slop is in my system and simply postpone purchases or substitute pleasures and somehow stay on the board. This, too, is FI habits, deeply ingrained over 30+ years of practice. Third, I’ve invested in community these last five years which provides entertainment, shared resources and a deep sense of security. I highly recommend such an investment program – keeping an eye out for how you can invest life energy in other people and establish networks of mutuality.