Re: Hard Times - Saab General Bulletin Board - Saabnet.com
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Re: Hard Times
Posted by Tim (more from Tim) on Wed, 25 Aug 2010 20:34:03
In Reply to: Hard Times, No Snaab, Wed, 25 Aug 2010 19:01:17
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It's the nature of our wildly fluctuating bubble-crash economy. Many families previously made decent amount of money are feeling the pain. I have seen my own primary business' income decline by 30% per year for three years! No, that's not 90% off overall, but 70% off, so it's back to 5-digits again.
I always sort of suspected that the bubble couldn't possibly last, so never levered myself up to McMansions or Aston Martins. I saved and invested 3/4 of after-tax income when the money was rolling in. The good news is that now I finally have the time to buy a convertible and enjoy the driving . . . whereas back in 2006-7, I had to pay people to drive me around in my own car because I didn't have time to drive.
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