tag:blogger.com,1999:blog-1937170202895477126.post6744013248708867280..comments2024-03-25T16:44:35.555-04:00Comments on Sixbears in the Woods: Economic Depression and YouSixbearshttp://www.blogger.com/profile/15572224383041421400noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-1937170202895477126.post-3031602834299066072016-05-09T21:59:23.963-04:002016-05-09T21:59:23.963-04:00Normalcy bias can be our biggest foe. It can kill...Normalcy bias can be our biggest foe. It can kill. <br />Sixbearshttps://www.blogger.com/profile/15572224383041421400noreply@blogger.comtag:blogger.com,1999:blog-1937170202895477126.post-91918905241749218172016-05-09T18:35:48.252-04:002016-05-09T18:35:48.252-04:00Great post. You hit on one of the biggest problem...Great post. You hit on one of the biggest problems I see when folks hit hard times. Normalcy bias and denial kick in and they aren't ready to let their old lifestyle go.<br /><br />It's hard to face the fact that things might not get better soon. As a whole, Americans are fairly optimistic people and we wait for the lucky break, divine intervention, the hero to win, etc.<br /><br />Sometimes, things just suck.<br /><br />The sooner you embrace the suck, the better. <br /><br />There is less downside in implementing emergency contingency plans early than not. If you downsize early in a depression, you can maximize your resources. If things get better earlier than expected, you can claw your way out quicker.<br /><br />As always though, easier said than done. It's hard to eat humble pie and accept that things have gotten beyond your control.<br /><br />Idaho HomesteaderAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1937170202895477126.post-15615039742089152272016-05-09T13:48:13.454-04:002016-05-09T13:48:13.454-04:00Indeed it does. Indeed it does. Sixbearshttps://www.blogger.com/profile/15572224383041421400noreply@blogger.comtag:blogger.com,1999:blog-1937170202895477126.post-15388531833673483992016-05-09T13:47:32.857-04:002016-05-09T13:47:32.857-04:00That's a long time indeed. It'll be rough...That's a long time indeed. It'll be rougher in some ways as hardly anybody lives on a farm and can't feed themselves. Sixbearshttps://www.blogger.com/profile/15572224383041421400noreply@blogger.comtag:blogger.com,1999:blog-1937170202895477126.post-59155128026409299042016-05-09T13:45:59.466-04:002016-05-09T13:45:59.466-04:00Smart move. Staying ahead of any budget shortfall...Smart move. Staying ahead of any budget shortfall.Sixbearshttps://www.blogger.com/profile/15572224383041421400noreply@blogger.comtag:blogger.com,1999:blog-1937170202895477126.post-52612507912625459332016-05-09T13:43:59.638-04:002016-05-09T13:43:59.638-04:00Being on a lake is great, but I'm taxed pretty...Being on a lake is great, but I'm taxed pretty high because of it. NH has high property taxes because they have no sales or income tax.Sixbearshttps://www.blogger.com/profile/15572224383041421400noreply@blogger.comtag:blogger.com,1999:blog-1937170202895477126.post-3027317797767157622016-05-09T13:43:07.322-04:002016-05-09T13:43:07.322-04:00I've some unexpected bills to clear up myself....I've some unexpected bills to clear up myself. I'm happy that I can do that right now and still live comfortably. Nothing ever seems to stay fixed. :)Sixbearshttps://www.blogger.com/profile/15572224383041421400noreply@blogger.comtag:blogger.com,1999:blog-1937170202895477126.post-58332048954421064262016-05-09T10:49:38.491-04:002016-05-09T10:49:38.491-04:00I've been "economically depressed" f...I've been "economically depressed" for years. It ain't a lot of fun, but it DOES help you sort priorities.Gorges Smythehttps://www.blogger.com/profile/08777621500611603786noreply@blogger.comtag:blogger.com,1999:blog-1937170202895477126.post-18509742852259516662016-05-09T10:16:56.619-04:002016-05-09T10:16:56.619-04:00"...but economic depressions don't last j...<i>"...but economic depressions don't last just one year."</i><br /><br />True that. For my Father and his family the Great Depression lasted from 1930 to 1948, that is a long time to just get by. They were a farm family so they didn't starve but that is about the only thing that worked in their favor.<br /><br />Most folks I know have little or no savings, they live their lives one or two paydays away from the poor house.<br /><br />The next major depression and/or disaster should make for some real interesting times.<br /><br />-MoeMoehttps://www.blogger.com/profile/09464046406342523552noreply@blogger.comtag:blogger.com,1999:blog-1937170202895477126.post-8876471618393618462016-05-09T07:23:22.611-04:002016-05-09T07:23:22.611-04:00Since my wife retired in December we have cut back...Since my wife retired in December we have cut back where we can. We take day trips in the mountains instead of going out of the area and have really ratcheted back on bills where we can. It hasn't hurt our quality of life and preserves our resources.Harry Flashmanhttps://www.blogger.com/profile/05071021900005041592noreply@blogger.comtag:blogger.com,1999:blog-1937170202895477126.post-67305517384327186002016-05-09T07:07:00.820-04:002016-05-09T07:07:00.820-04:00So true - lots of people think that if the home is...So true - lots of people think that if the home is paid off, it's theirs. Your state really owns it, your land and your water if you don't pay for the privilege of living there through taxes.Chickenmomhttps://www.blogger.com/profile/02978826295959619815noreply@blogger.comtag:blogger.com,1999:blog-1937170202895477126.post-43376000591382057782016-05-09T00:57:34.893-04:002016-05-09T00:57:34.893-04:00thanks. deep in debt and lots of medical issues he...thanks. deep in debt and lots of medical issues here.<br />age catches up with you.<br />take sixbears advice and downsize now, pay off those credit cards.<br />and pray for the rest of us who have to deal with the same mess.<br />thanks.deb harveyhttps://www.blogger.com/profile/05110992898072146282noreply@blogger.com