by EnergyUnlimited » Tue 27 Jun 2006, 11:03:17
$this->bbcode_second_pass_quote('rexxz', 'I') think my largest concern, though, isn't really of losing all of these nice little commodities that my life has to offer right now. My biggest, and worst fear is being unable to even survive in a post-peak oil environment. All I want is to retain some degree of stability, nothing more. And of course to do as much as I possibly can to improve the situation as a whole. But right now, I am not having much hope for this.
I fear that because of my financial situation right now(jobless, 18 years old, no credit, no experience, no education) will only make things so much more worse than they can be.
That is a very good starting point.
Because you do NOT own much, than you will NOT lose much either.
One thing less to worry about.
It is imprtant, that you do NOT have any credit capability.
This will only help you, because it will prevent you from incurring debt on yourself (and on your further family).
If you convince your girlfriend not to incurr debt as well, than you have already won big chunk of the game.
However you will realize, that it may be extremely difficult to convince your girlfriend NOT TO go into debt.
Girlfriends are tending to be wasteful and shortsighted, but it is still worth trying...you may succeed...or find another girlfriend.
When PO related mess strike, those in debt will be hit hardest.
Not only their earning capability may be REDUCED quite a lot, but also interest rates will go UP.
Properties prices may also take a tank (due to plenty of properties from repossessions on the market).
A lot of bankruptcies are expected and many peoples will lose EVERYTHING.
Shortly: If you must take a loan, mortgage etc, the amount borrowed should be as low as possible, it MUST be FIXED RATE deal and it MUSTN'T be for consumption but for a reasonable investment only (say SMALL property in promising area, SMALL fuel efficient car etc.).
Depending of state where you will live such loan should be secured or not as bankruptcy law vary from state to state (ask local lawyers, they will help you to decide).
BUT REMEMBER: THE BEST LOAN IS THE ONE YOU DO NOT TAKE.
Job: Military, police and FEMA should do reasonably well and any jobs there would be quite secure.
Energy sector (including nuclear and renevables in particular) will also be seen as critical and much funds from goverment will go there without doubt.
In addition to main job it may be advantage to master any useful craft. This may keep you going for long time (or indefinetely) after a peak.
Best place to live: Small town with STRONG local economy and well organised community. You should live within biking distance from the place, where you work.