by seahorse » Fri 18 Jan 2008, 20:35:16
THIS IS AN UNPRECEDENTED CREDIT CRUNCH!! A credit crunch hasn't happened since the Great Depression. There is no place to invest your money if you are living month to month. Do not even waste it trying to pay off debt. BUY FOOD! Fill your pantries. If you lose your job, you will at least be able to eat. You work to eat anyway. Food prices will continue to rise, buy it now, with free money, while you can. This credit crisis will be full blown within 2 years, very likely much sooner. Jobs will be lost. Invest in Maslow's most basic need, the only one that really matters, your actual survival - especially if you have a spouse and friends depending on you. Take that money and buy as much food as possible. All canned goods are manufactured to last 2 years (minimum). Buy bulk rice, bulk beans, canned beans, dry pastas (all these will last virtually indefinitely if kept dry and at room temperature (cooler the better). Buy honey (indefinite shelf life),; spam last indefinitely and is cheap. Tuna last at least 5 years. Buy some vitamins. Peanut butter last two years, requires no cooking, full of fat, carbs, and proteins. It is the perfect survival food.
Dont' worry about your debt anymore, especially if you are already up to your ass in debt. Don't give this money to the credit card companies or the banks that are going under and taking you with them. Invest in the only thing that matters, which will get you through the next two years. That, and a good sleeping bag.