Re: 94!

--- [email protected] wrote:
> > I'm on a single income, I get paid well now, and
> could
> > afford mortgage payments a house in the south bay
> area
> > (although it would take most of the income). But
> I'm
> > afraid if I loose a job, I will not be able to
> find
> > one in IT locally that pays as well.
> That will probably  happen. Plan for it. I would
> recomend not living in the 
> biggest house you can afford. Don't swell your
> possessions to match your 
> income. Build assets with that income you save. (A
> house is not an asset).
> 
> Read "Rich Dad Poor Dad"
> 
> > My only solution is to find a woman who makes
> roughly
> > the same so we can support each other when one of
> us
> > it out of work, 
> 
> Call me old fashioned, but I think one parent should
> be dedicated to raising 
> kids. Single/Young married people plan with both
> incomes, therefore, can't 
> make the choice to raise their kids when the time
> comes. 
> 
> > or to start my own business and
> > hopefully make the same amount of money at it.
> Ask people who own businesses. The cash flow of a
> business is much less 
> constant than that of an employee. Much less. Long
> deep droughts. Do like 
> businesses do. Plan to be unemployed half the time.
> When you're working, put 
> away money in preperation for being unemployed.
> Protect your monthly 
> expendatures. Never let them go above a certain
> amount. Try to build 
> savings/investments/assets that cover your monthly
> expenses. Build a wide 
> range of assets. I would much rather have 25 small
> sources of income than 1. 
> What are the odds that all 25 sources of income will
> stop at the same time?


That's a great idea. I'm starting to do that now with
adsense, although it's not much now, over the next few
years it'll grow.

=====
Anthony Ettinger
[email protected]
http://www.apwebdesign.com
Instant Messengers:
1) yahoo im: apwebdesign   2) aol im: apwebdesignxl
3) msn im: [email protected]   4) icq im: 659139

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