Originally posted by foamypirate
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Look at how much people are losing in this economy that were making the right choices. Then take that and TRIPLE the timeframe, and you have some industries that people completely neglect.
You can preach the save, save, save mantra all you want, but if circumstances that cause your basic expenses to outstrip your income persist for long enough, ANYONE will fold, no matter what precautions they took.
It is one thing to give advice, and I am not saying that the OP couldn't have done things differently, but your tone is such that it makes it seem that basically anybody struggling fucked up, and in the current state of affairs, that is not necessarily true. Most people in these upside down positions did make the right choices, but because of reality, have watched their retirements, their home values, and their disposable income vanish all at once. At some point, regardless of the level of planning, saving and decision making, the water is going to sink the ship.
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