by patience » Thu 03 Jul 2008, 06:51:12
I gave up on steady employment in 2003. (Auto Industry, Engrg.) We started a repair shop at home, thinking it would take a while to get established. After 2 years it was making some money, and now have a good customer base, but that customer base is eroding as I write. It will endure as a business, but vastly changed into heroics to keep critical stuff going. There are shades of that already, as $5 diesel bites farmers, loggers, and truckers.
How long? I hope for as long as possible, but realistically, I see serious pain locally as fuel prices climb this year. People have already cut out discretionary driving and purchases, tried to find cheaper transportation, and poor people buying hamburger helper at the discount grocery are also buying canning jars. Gardens proliferate. Local firewood cutters are busy NOW, ahead of the usual fall sales. Petty crime is up, stealing metal for salvage sale.
I expect that by spring, 2009, for the country in general to be in deep recession/depression, and scambling for answers. My prep timeline is to try for everything I can think of to be up and running this year. I'm behind, of course.
I don't really want to look much further than that at this time. At 62 this fall, I'd like to draw some of the money extorted from me by SS. Mostly, I'm planning to leave something worthwhile for our kids.
Local fix-it guy..