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November 13, 2011


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Sometimes hard times CAN last longer than 7 years.

There was the Roaring Twenties - an era of great economic growth and widespread prosperity.

and then ---

After the stock market crash in 1929, it took 27 years to reach pre-crash levels.
The Great Depression began in 1929 and ended in 1941 when America prepared to enter World War II.

This is why Saving and having a large Emergency Fund cannot be overemphasized.

Well put Old Limey, I feel we are in a time that has not been seen since the great depression. Let the spin doctors call it what they want to "the great recesssion" "GD2" or anything else.

These are bad times. Those who have stored will make it through but those who haven't will have problems.

Here's another example:

The Gay Nineties from 1/1/1990 to 1/1/2000
S&P500 APR= +15.29%
Nasdaq Comp APR= +24.46%
Nasdaq 100 APR= +32.36%
Real Estate Market - Rising the whole time

Followed by the Lost Decade from 1/1/2000 to 1/1/2010
S&P500 APR= -2.72%
Nasdaq Comp APR= -5.67%
Nasdaq 100 APR= -6.66%
Real Estate Market - A rise followed by a very big fall.

One's age can make a big difference in what kind of a financial start or retirement you have.

This is a good reason I must save now, even though I am retired. The last few months have shown me how I need my emergency fund. I save it so I can pay cash for another car, if this one goes kerplunk.

However, one long trip, 2 short ones, and car trouble. I went to TN from MO in October. To get to TN took me 3 days and $1200. I have been saying thank you prayers over and over. I am poor beside so many of you, but I am doing well for me. In fact, in my small area, I am well-to-do beside many of the people on low SS & pension, food bank, medicaid, etc. When we know how well off we look to another, it adds blessing on blessing.

I went to and put in my annual salary. I was in the top 6.72% of the richest people on earth. One lady said it was easy for those in foreign countries to feel rich on little. But there they are starving. Here, there is no excuse to. The lady said she sometimes only earned $5k per year. I ran that through the site and she was in the top 14.++% of the richest people on earth. This makes it easy for me to remember and thank God for how well off I am.

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