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Time to prepare for the worst.
reviews. I had a few months of ill timed unemployment at the tail end
of the .com boom, which now I look back in retrospect as one of the
best things that happened in our marriage, since it forced us to get
on the financial straight and narrow. Definitely no financial expert,
but we're doing okay.
Oh, and a handy subscription to The Economist is recommended - you
UKers have a better take on politics and global finance than any US
magazine. They called the housing bubble quite a while back (2005) http://www.economist.com/displaystory.cfm?story...
The truly wealthy can sustain their lifestyles indefinitely without any job at all. Their assets cover their monthly expenses, or more. Few of us ever get there, but there isn't a good reason for that. We just all chase the "dream" a little too much.
Great insights into the current crisis. I have friends who think the world is coming apart. I have others who don't see how a few bankrupt Wall Street jerks effects them. You strike a nice balance in between.