STOCK MARKET WATCH -- Wednesday, 8 February 2012

[AnneD]

45. Morning Marketeers....

and lurkers.

Economic Armegeddon To Do List:

1. Reduce Debt...almost done
2. Reduce Expenses...done
3. A. Set Money aside...in progress, but have a retirement option
B. Have full years food storage as reserve
4. Start a side business. Hubby has one. I have skill sets to burn if I desire a second job.
5. Grow a garden... Looking for suitable land to retire on but have container garden now.

I will add this additional note. While we have a pension provided by the state of Texas, I put very little faith in the political system or corperations to safeguard our pension. At this point I do not trust fiat currency or investments such as the Stock Market. I put my wealth in tangiable things at this point.

I shifted gears in my thinking as a 'consumer' in 20003. We were so in the hole in debt it was a tragedy. We had a teaspoon to dig our way out. We started small but got control of our debt by 2008. We saw the winds shifting and redoubled our efforts to save. I always use the example of the pantry. Yes, we were spending money but we saved more by purchasing at lower prices. We can be more selective and wait to get good bargins. This year, we will be taking courses at our Leisure Learning facility to learn about sustainable farming, livestock, and water and energy so that we will be ready for our relocation. We have a kitty to look at property this Spring Break.

This did not happen overnight, but I do believe we all still have some time left to prepare for what ever blowback happens. We are still in the halftime show. You may not get to prepare as much as you want, but any preparation is better than no preperation (which is what I fear will happen to most).

Happy hunting and watch out for the bears.