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Posted: 5/27/2022 4:18:55 PM EDT
[#1]
Sorry op, and while i dont have excess savings built up, my opinion is mixed. By alot of stuff your know your going to use. Its only going up for now for awhile. Money value is going down, and i suspect it's intentional in order to bring about a crisis in order to go to digital currency. Probably a hack on banking system as a criss which leaves people in panic cause not able to but things. Every day were are being robbed by inflation, while price controls are masking it some as well.
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Posted: 5/27/2022 4:19:50 PM EDT
[#2]
My wife and I have paid for and gotten airline tickets for a trip to Alaska. This was a long time in the making. I'm beginning to wish we could cash out cheap and easy. I don't see the next 3 months going well for America. Actually, I don't see the next 2 years going well for America. It is all because of the stolen election and the illegitimate FJB administration. I certainly hope the next election is honest and we get a conservative back in the Whitehouse along with a conservative House and Senate. I am not a republican, I am a conservative.
kwg |
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Posted: 5/27/2022 4:19:59 PM EDT
[#3]
Wilderness Pack?
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Posted: 5/27/2022 4:20:05 PM EDT
[#4]
Quote HistoryQuoted: Most of us GD millionaires don't hate Dave - we're just disappointed he doesn't know the difference between debt and credit and conflates the two as "da debil". It is true that most of America doesn't seem responsible enough to not use credit to get into debt, so Dave still provides valuable service to the economy as a whole. DR is the first person who would tell you there is good debt and bad debt. He OFTEN counsels people to buy a home w/mortgage, assuming they can actually afford it. I have never heard him say "Rent forever because it's better that way." |
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Posted: 5/27/2022 4:20:44 PM EDT
[#5]
Sounds scary.
Me I'm just finished my first week at a new place. 
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Posted: 5/27/2022 4:20:54 PM EDT
[#6]
I’m not saying this is a good or bad idea but I understand that Amerigas will hire drivers right now without CDL’s and pay for the training. It might get you quick work if they need a driver near you.
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Posted: 5/27/2022 4:21:09 PM EDT
[#7]
Quote HistoryQuoted: I'm already a follower of Dave Ramsey. I have almost 0 debt. I put gas on a couple credit cards each month and pay it off. Never paid a cent of interest. Been doing that for quite awhile now. The Tahoe isn't going to be worth more than i paid for it.i bought it straight cash and put 4k into repairs. I could probably get a bit out of it more than i paid. If it comes down to it I'll sell it and get a real cheap beater. I don't want the company and owners getting flak. They're good people and have treated me well over the years. The owner handed me my last paycheck and included an extra weeks worth of pay in it that i won't have to work for. Excellent. Sounds like you had a good boss and he had a good employee. |
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Posted: 5/27/2022 4:21:35 PM EDT
[#8]
Wishing you all the best, been there a couple times myself
 I am in definite agreement - the economy is about to roll over - and I think what is coming will make the 2008/9 financial episode look like a short trailer to full length horror show. |
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Posted: 5/27/2022 4:24:09 PM EDT
[#9]
Quote HistoryQuoted: Sorry to hear op. In all sincerity and this may not sound nice…you worked the front desk at a hotel for 5 years? Did you ever get promoted or look for something else? I’m only asking because I’m wondering if you could do better if you tried or made some changes? That is not meant to be a jab at you. I was damn good at my job doing front desk though near the end i became pessimistic about working there. I was also the night auditor who had to run the systems to balance taxes and accounts receivable. I tried getting into the sales department as well as the front desk manager position, but even though i was tied with having the best end of year reviews i got passed over for promotions. I suspect it was because they had extreme turn over for night auditor positions before i took over the position and they didn't want to lose me. Even though they ended up losing me anyways. |
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Posted: 5/27/2022 4:26:12 PM EDT
[#10]
Quote HistoryQuoted: Exactly this. It's mind boggling how many people think you're lazy and on the dole when you collect unemployment which you and your employer paid for in the first place and you had to actually have had a job to qualify for it. Quote HistoryQuoted: Quoted: If you were laid off you need to use your unemployment insurance asap. It was taken out of your pay don't let pride screw you. Exactly this. It's mind boggling how many people think you're lazy and on the dole when you collect unemployment which you and your employer paid for in the first place and you had to actually have had a job to qualify for it. Should have mentioned this but already in the process of filling out unemployment. |
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Posted: 5/27/2022 4:26:42 PM EDT
[#11]
Anecdotal for sure.....my old friend that runs an automotive repair shop usually gets a fair percentage of payment in cash and checks. It was nearly all on plastic for the last month.
We surmised people are floating basic expenses on plastic credit more than before. |
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Posted: 5/27/2022 4:27:23 PM EDT
[#12]
Quote HistoryQuoted: Anecdotal for sure.....my old friend that runs an automotive repair shop usually gets a fair percentage of payment in cash and checks. It was nearly all on plastic for the last month. We surmised people are floating basic expenses on plastic credit more than before. Maybe you can go back until you find something you like better. |
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Posted: 5/27/2022 4:28:04 PM EDT
[#13]
Quote HistoryQuoted: My wife and I have paid for and gotten airline tickets for a trip to Alaska. This was a long time in the making. I'm beginning to wish we could cash out cheap and easy. I don't see the next 3 months going well for America. Actually, I don't see the next 2 years going well for America. It is all because of the stolen election and the illegitimate FJB administration. I certainly hope the next election is honest and we get a conservative back in the Whitehouse along with a conservative House and Senate. I am not a republican, I am a conservative. kwg We be fucked, and no amount of voting is going to alter that outcome to any meaningful degree. |
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Posted: 5/27/2022 4:29:49 PM EDT
[#14]
I got laid off back in late December. Doing construction. Various stone and concrete work in NYC. They said we'd be starting back up in January. At first I figured OK, Christmas and New Year. Not much gets done over that holiday week anyway.
Then the trucker protests got going in Canada. Most of the stone we work with comes from Canada so I figured that was screwing with deliveries. Now end of May and still nothing. I'm told there's a bunch of work just waiting to get started. Allegedly in June it's a go again. Guess we'll see. Had to take another job in the meantime to keep the bills paid. |
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Posted: 5/27/2022 4:30:02 PM EDT
[#15]
Yep. My cousin owns a dress shop. Business has been around almost thirty years and about to close. Weddings, quinceañeras and prom are now luxuries.
An uncle was terminated from a large factory construction management position for refusing the shot last year and still hasn’t found anything close to his old job. I work for a shipping company and it’s telling what and how much people order. There is a huge shift to basic items, precious metals and some of the most prolific farmers in the area are buying survival food in bulk. Volume is down despite people ordering so much more stuff. It’s past the time to start gardening. |
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Posted: 5/27/2022 4:30:13 PM EDT
[#16]
Quote HistoryQuoted: Most of us GD millionaires don't hate Dave - we're just disappointed he doesn't know the difference between debt and credit and conflates the two as "da debil". It is true that most of America doesn't seem responsible enough to not use credit to get into debt, so Dave still provides valuable service to the economy as a whole. Dave Ramsey is an addiction specialist that treats folks that are addicted to spending. He has to use black and white examples because anything else will be misinterpreted and lead those folks back to their bad habits. Imagine an AA meeting where they are told alcohol is the cause of your destructive lifestyle, but it's OK to have a drink now and then at social or business functions. The fail rate for AA would skyrocket. |
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Posted: 5/27/2022 4:31:05 PM EDT
[#17]
Quote HistoryQuoted: sounds like you got fired and you're not telling the whole story I'm quite inclided to take OP at face value. Just sat through some meetings with business strategy leaders for a basic industry I won't go into (and not relevant) for 10 different countries. Every single one of them is planning for a major recession they are expecting to hit in each of their countries in the next few months. I was floored, as I hadn't been paying attention, but apparently everyone who is paid to pay attention, is past looking out for it; they are outright expecting it and planning for it. At the same time, all of them are expecting to see a continued increase in sustainability demands and legislation ("sustainability" is the new word for "green" btw, in case you missed that change) It was eye opening as shit, I'll say that. We're about to go from labor shortage and all the smug posts about how valuable labor is and holds all the cards, to a lot of lay-offs coming. My advise, be very careful "sticking to your guns" and start to focus on "that dude is damned valuable, easy to work with, and cost effective". This afternoon, I walked out of an Eastern European gun store, and asked them: "how many guns a day are you selling right now", oh, it's calmed down, only maybe 5 a day now, it was busier a few months ago? How about ammo sales? That's fine, we have ammo - it was short for a little time a few months ago, but now, no problem. |
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Posted: 5/27/2022 4:33:59 PM EDT
[#18]
If you're 55 or older, look at IRS Retirement Rule 55 and perhaps you can withdraw early, as a last resort.
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Posted: 5/27/2022 4:36:13 PM EDT
[#19]
Quote HistoryQuoted: Everything will be fine The guys about to lose his job and all you Pollyanna's can do is spout "positivity". Of all the different groups out there, y'all are the ones that disgust me the most. |
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Posted: 5/27/2022 4:38:30 PM EDT
[#20]
OP how are old you?
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Posted: 5/27/2022 4:41:31 PM EDT
[#21]
Quote HistoryQuoted: I agree that there's a lot more pain to come. However, as a GD millionaire, I'm prepped and stacked, and don't worry about the economy, usually.  Your purchasing power is going up in smoke. Even at a steady 2% inflation rate it will be cut in half in 36 years.End the FED before it ends you! |
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Posted: 5/27/2022 4:42:37 PM EDT
[#22]
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Posted: 5/27/2022 4:42:54 PM EDT
[#23]
I'm sorry to say that I think there is a lot more of this ahead unfortunately. A downswing has been held back by artificial means for so long that there is most likely a heavy correction coming.
I would encourage everyone to prepare - knowing a useful skill in the job market should always be a huge asset. There are so many ways to learn new things now a days - wise use of time to learn things from online classes, youtube, etc can be very helpful. There is so much that you can learn solely from youtube. There is a crazy amount of information out there to be had for free basically. I encourage folks to take advantage. Maybe a new job won't keep folks at the same lifestyle level, but will provide for necessities. I'm thinking that a lot of folks are going to have to take a serious look at what are necessities vs wants. On the flip side, in my area, the economy seems super strong, lots of jobs, lots of business being transacted. I haven't seen the downshift yet. different parts of the country will experience this differently though. |
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Posted: 5/27/2022 4:45:33 PM EDT
[#24]
Quote HistoryQuoted: Yeah we are feeling the effects of inflation. As money get tighter people aren't going to buy luxury items. They'll spend money only on what they really need. That's why I got into plumbing. Can't be outsourced and people need it. That's job security ...and that's also why I'm an Electrician. I always have work. 
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Posted: 5/27/2022 4:50:05 PM EDT
[#25]
Quote HistoryQuoted: OP how are old you? I'm 29. |
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Posted: 5/27/2022 4:51:54 PM EDT
[#26]
Quote HistoryQuoted: I'm sorry to say that I think there is a lot more of this ahead unfortunately. A downswing has been held back by artificial means for so long that there is most likely a heavy correction coming. I would encourage everyone to prepare - knowing a useful skill in the job market should always be a huge asset. There are so many ways to learn new things now a days - wise use of time to learn things from online classes, youtube, etc can be very helpful. There is so much that you can learn solely from youtube. There is a crazy amount of information out there to be had for free basically. I encourage folks to take advantage. Maybe a new job won't keep folks at the same lifestyle level, but will provide for necessities. I'm thinking that a lot of folks are going to have to take a serious look at what are necessities vs wants. On the flip side, in my area, the economy seems super strong, lots of jobs, lots of business being transacted. I haven't seen the downshift yet. different parts of the country will experience this differently though. Luckily I'm good for a few months on food preps. So that expense is well taken care of. I tend to already live frugally due to my living situation growing up. |
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Posted: 5/27/2022 4:53:51 PM EDT
[#27]
I think "smart guys" running businesses are falling into a group think about the horizon of the US consumer market and they are creating a self fulfilling prophecy.
A guy I know says the business he works at is going ham and slashing 30% to 50% of the manufacturing work force in ANTICIPATION of lower sales coming soon even though they can't keep up with current demand. Everyone knows inflation, Biden, Putin, Xi, mother nature, aliens and the illuminati are all out to get us so bad things are coming, but I argue that it's been that way forever. Confidence is low in aggregate so things are going to trend toward shit until something comes and changes confidence to the future has to be better than this mode. |
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Posted: 5/27/2022 4:56:40 PM EDT
[#28]
Quoted: Awesome! His "niche" is millions of Americans who have gotten in over their heads. I'm not one of them, but I don't have to be to appreciate his wisdom at the most basic economic levels. "We're debt freeeeee!" Yep. I disagree with him on a bunch of stuff. Just finished "Total Money Makeover" and while it had some nice advice, the advice wasn't for solidly middle class people looking to get ahead. Quoted: Most of us GD millionaires don't hate Dave - we're just disappointed he doesn't know the difference between debt and credit and conflates the two as "da debil". It is true that most of America doesn't seem responsible enough to not use credit to get into debt, so Dave still provides valuable service to the economy as a whole. I think YTs "The Money Guys" is a better fit for GD. Ramsey has you throwing away your employer match and building even a small wave of retirement. He also overestimated earning and withdrawals compared to every other person. One other thing that bothers me about almost all financial help groups is the expectation of working until you are 65-70. DR does this a lot with his estimations. "You start saving at 40 and by 70 you have X." Most jobs I know of will not be something someone hitting 70 will be readily able to perform outside of just cubicle or C-suite work. |
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Posted: 5/27/2022 4:57:08 PM EDT
[#29]
Sorry to hear OP. Best of luck on finding something.
I’m in the OG industry as a subcontractor and right now things are good but I still try to live like it was for us in 20&21’ Oil & gas can flip over night. |
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Posted: 5/27/2022 4:58:51 PM EDT
[#30]
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Posted: 5/27/2022 4:59:42 PM EDT
[#31]
Where in OR OP? I know some good call center jobs there. I'd be happy to tune your resume to make you a good candidate.
I was laid off in December and still looking myself, so I can empathize. Finally have some traction on a couple different roles here in the last couple weeks. |
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Posted: 5/27/2022 5:00:34 PM EDT
[#32]
Hope the property market stays up long enough to move mine.
I was in the private sector during when wutang hit, had a friend working the county. They were getting taken care of vs us seeing the writing on the wall. I took a pay cut and work for the county now. You should look for a state or county job, unrivaled benefits and guaranteed retirement. |
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Posted: 5/27/2022 5:01:20 PM EDT
[#33]
Get yourself some education/training in a field where you can set yourself apart from the pack.
From a reputable school that has a good job placement record. Do a lot of research. Find something interesting that is recession proof and immigrant proof. Talk to a lot of people. Talk to a lot of schools. Stay away from the trades. The trades will break down your body and keep your wages under the rate of inflation. You eventually will be replaced by an immigrant anyway. Many, many years ago, I was disgusted with my trade (drywall). I looked into going back to school at DeVry Institute of Technology. They were mostly into electrical engineering and that sort of thing, but they also had an accounting program. That's what interested me. The cost was $27,000. I was told there was grant money available to help adults that were returning to school for a career change. It still seemed outrageous to me, so I didn't do it. 35 years later, I regret my decision. |
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Posted: 5/27/2022 5:04:38 PM EDT
[#34]
You can't stop what's coming
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Posted: 5/27/2022 5:08:57 PM EDT
[#35]
I wish you luck. Sell the Tahoe and get and LLC company setup for around $100. Start selling stuff on ebay to raise the funds needed to get buy and start up your own sewing mfg. Msg sent.
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Posted: 5/27/2022 5:11:35 PM EDT
[#36]
Quote HistoryQuoted: I'm 29. |
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Posted: 5/27/2022 5:13:01 PM EDT
[#37]
Quote HistoryQuoted: ...and that's also why I'm an Electrician. I always have work. 2008 did not do me well as an electrician, I have my masters and was over qualified. No one wanted to hire me due to the possibility of stealing work, or even give me a chance because a better deal would come next week. So I basically went self employed doing what ever I could, I got real good at plumbing. |
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Posted: 5/27/2022 5:13:21 PM EDT
[#38]
Construction is still going insane.
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Posted: 5/27/2022 5:13:55 PM EDT
[#39]
Quote HistoryI hate to say it but hotel front desk and a book bag manufacturing job doesn't ring high on the list. Good luck and I hope you have some decent interview skills. |
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Posted: 5/27/2022 5:14:16 PM EDT
[#40]
Quote HistoryQuoted: ...and that's also why I'm an Electrician. I always have work. Quote HistoryQuoted: Quoted: Yeah we are feeling the effects of inflation. As money get tighter people aren't going to buy luxury items. They'll spend money only on what they really need. That's why I got into plumbing. Can't be outsourced and people need it. That's job security ...and that's also why I'm an Electrician. I always have work. Not true at all. I have been kicking the trade since 99 and disagree. IF you work in/on houses you are fucked. There is no nice way to put it. You can look back in on the 2008 timeframe and see it and 2001 before that. Real Electricians will continue to be employed and the pay will go up. The house guys will get left in the dust to people who already have experience in the areas of Mfg-automation, Energy, educational building, government work, and oil/gas-automation.  Attached File |
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Posted: 5/27/2022 5:17:00 PM EDT
[#41]
Quote HistoryQuoted: Yeah i have some savings. About 7k or so. Would have 17k but stupidly bought a Tahoe last spring. Quote HistoryQuoted: Quoted: Hope you socked away some savings, I think it's going to bad in 3-6 months Yeah i have some savings. About 7k or so. Would have 17k but stupidly bought a Tahoe last spring. Perhaps you should sell it. Quickly. Good luck OP. Try to get a job quickly. It’s going to be a game of musical chairs when the music stops. |
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Posted: 5/27/2022 5:17:48 PM EDT
[#42]
Quote HistoryQuoted: 2008 did not do me well as an electrician, I have my masters and was over qualified. No one wanted to hire me due to the possibility of stealing work, or even give me a chance because a better deal would come next week. So I basically went self employed doing what ever I could, I got real good at plumbing. Quote HistoryQuoted: Quoted: ...and that's also why I'm an Electrician. I always have work. 2008 did not do me well as an electrician, I have my masters and was over qualified. No one wanted to hire me due to the possibility of stealing work, or even give me a chance because a better deal would come next week. So I basically went self employed doing what ever I could, I got real good at plumbing. There is a lot of truth to this. I kept my Journeyman's license for a couple of years after getting my master's for this issue. I never had to mess with it but it did worry me out of the gate when I picked up my Masters license. |
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Posted: 5/27/2022 5:18:26 PM EDT
[#43]
Quote HistoryQuoted: Not true at all. I have been kicking the trade since 99 and disagree. IF you work in/on houses you are fucked. There is no nice way to put it. You can look back in on the 2008 timeframe and see it and 2001 before that. Real Electricians will continue to be employed and the pay will go up. The house guys will get left in the dust to people who already have experience in the areas of Mfg-automation, Energy, educational building, government work, and oil/gas-automation. /media/mediaFiles/sharedAlbum/deOINby-52.gif Been in construction since 91 and fully agree here. it's why you save a large nest egg or savings. Life becomes so much less stressful when you have serious fallback money |
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Posted: 5/27/2022 5:19:05 PM EDT
[#44]
Package delivery is starting to drop off here. Not a super wealthy area, but definitely well off. Not looking good. I could see some of the loose end drivers being let go in the near future.
Double whammy for me. Less work plus rising costs of everything. I used to be able to save and invest a bit but I swear the last month or two I’ve been breaking even. |
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Posted: 5/27/2022 5:19:12 PM EDT
[#45]
Quote HistoryQuoted: I'm 29. Quote HistoryQuoted: Quoted: OP how are old you? I'm 29. Tough break but look at it as an opportunity. Figure out what you really want to do and go fill steam ahead. Things are bad but don’t make excuses. Get out there and get it until you can’t. Praying for you dude. 
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Posted: 5/27/2022 5:19:46 PM EDT
[#46]
Quoted: While I'm not going to name the company i worked for i will say we manufactured high end hunting packs for ourselves and another company that has a more well known brand. That is to say everything we made would be considered luxury items. Since the beginning of the year sales of our own branded stuff slumped quite a bit but that didn't hurt us too much. The packs we manufactured for the other company and other clients was still selling well. Unfortunately our biggest client just put a stop to all orders for the foreseeable future and a few of our other clients have recently drastically cut down on orders. In conclusion in my mind consumer discretionary spending is tanking hard. As for me i don't really know what I'm going to do myself. I worked front desk at a hotel for almost 5 years then for the last 6 I've worked in manufacturing making hunting, fishing, and an assortment of other packs. I don't see these two fields surviving well when the economy tanks. It is what it is i guess. Sorry to hear that OP. I was let go back in September after 19 years as a VP. They state work is prevalent but damn it's a hard search at the moment. A lot of the hiring managers are coming back and stating they closed the position due to uncertainty. |
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Posted: 5/27/2022 5:21:38 PM EDT
[#47]
Quote HistoryQuoted: Construction is still going insane. Its slowing. I had a couple Zip ads up over the last few months. The last one got a shit ton more applications than the one before and the one before. I took it down a week or two ago and I bet somewhere on the list is a sparky still looking for a job. I have a friend who works for a very large contractor in the DFW area that have reduced their hours (still hitting 40 but cut some OT) and have stopped/slowed hiring. |
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Posted: 5/27/2022 5:22:07 PM EDT
[#48]
Quote HistoryQuoted: I agree that there's a lot more pain to come. However, as a GD millionaire, I'm prepped and stacked, and don't worry about the economy, usually. Same here. And I have a harem of beautiful young women and the cock to get the job done. |
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Posted: 5/27/2022 5:22:10 PM EDT
[#49]
Quote HistoryQuoted: Stimmy checks and depression will keep you going. I did read the stripper index has gone negative (empty clubs, no makin it rain) so I do think FJB depression is coming  |
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Posted: 5/27/2022 5:22:22 PM EDT
[#50]
OP isn't wrong.
Within months this be a whole different country, I hope we make it until November to take back the House and Senate and put a screeching halt to Xiden's destruction of America. |
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