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I miss living beyond our means...

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-19-09 03:18 PM
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I miss living beyond our means...
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wryter2000 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-19-09 03:36 PM
Response to Original message
1. LOL, I still live beyond my means
Thanks to the miracle worker who manages to keep my 1982 Subaru running and my dentist, I'm majorly in the red.
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damntexdem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-19-09 03:47 PM
Response to Reply #1
2. Yeah, but all those people who lived within their means, saved, and invested ...
they've got so much money now, right there in the stock market!

Oh, yeah!
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wryter2000 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-19-09 04:00 PM
Response to Reply #2
3. LOL
To quote the freepers, we're all screwn. :rofl:
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grace0418 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-19-09 04:15 PM
Response to Reply #2
4. My husband and I were just saying the other day that we probably did the best
in the current situation. We have no credit card debt, we paid off our cars and our student loans, and our mortgage is affordable even on one salary (good considering I'm unemployed right now). But we also never put a lot of money into investments, something his family held over our heads for years. We've save a little in a regular savings account, and we have 401ks, but not much else. Now his family, the super investors they are, have lost vast amounts in this collapse, but we're not much worse off than we were before.
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JVS Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-19-09 04:18 PM
Response to Reply #2
5. Thank God I procrastinated and just picked up a few CD's when my checking balance got too high.
Next time those babies come up, I'm buying a car and waiting for the dollar to implode from inflation.
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marybourg Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-19-09 06:17 PM
Response to Reply #2
6. They (we) may have lost some of the unrealized profit
that was created by the market during the bubble, but they (we) who've been saving and investing for years haven't lost what they put in nor the increase in value that accrued before the bubble. When I started investing the Dow was 1200. So even at 7500 we've done very well. But it does take a number of years.
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