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So how are we all doing - really?

Old 04-11-2008, 06:24 AM
  #21  
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Default Re: So how are we all doing - really?

Personally, I am doing fine. I have positioned myself in a way so that I have very little risk in terms of income from work, even though I gave up some upside potential. For me, slow and steady wins the race. I have only lost about half as much as the market has lost this year, but after 5 years of averaging 20%+ returns, and not blowing it on consumption, I have no complaints.

My only complaints are with the direction of the country, and the lack of recourse to fix it. We are being screwed royally by the government and their corporate benefactors, whether you look at energy, medical, education, insurance, or taxes. Fortunes are being made by insiders while the market trades sideways, and the structural problems we have with core programs like SS, Medicare, and trade & budget deficits are ignored. We are reaching a point of no return in fixing them. The current administration and congress are doing nothing but enriching themselves while they still can. The changes to the Federal Reserve mission and the overall banking system are also rather alarming. They do not have the best interests of the country in mind. We are losing the cultural war, and that strikes at the very heart of this country’s success and prosperity.

My sense is that we are cashing out as a nation, so my mission is to leave my daughter with enough financial resources to live a good life in spite of it.
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Old 04-11-2008, 06:36 AM
  #22  
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Default Re: So how are we all doing - really?

I am doing quite well and know very few peole who are hurting enough to have to make serious changes in their lifestyles. I think lots of people would have a better feeling about their situations if they stopped listening to the news broadcaster until after the November elections. I notice that most people here are not hurting too much but feel that others are.
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Old 04-11-2008, 07:01 AM
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Default Re: So how are we all doing - really?

Doing pretty well here. I'm also in IT at a company that's doing very well so my job is as secure as can be ( I can hope at least). I have baby #2 on the way in a month (#1 is 19 months old). I bought my first house 4 years ago at the age of 26 with a nice low interest rate FIXED 30 year mortgage so I'm pretty well ahead. Seems like house values haven't hit our area as bad as others. We bought for $280K and my neighbor sold his smaller in worse shape house for $330K 2 months ago. Not bad.
I've been going crazy trying to finish my basement before #2 gets here... It'll make for a nice home theater/office/bar area for me... OH WAIT!! Reality check. It'll make a nice PLAY room for the kids...
I do have more credit card debt than I'd like, but I'm doing my best to pay them down.
Well... at least the weather here in CT is getting nice so I can take the tarp off the boat and start getting her ready. I sure am glad I have a full 100 gallons in the tank! That'll last me a little while before I have to worry about filling up. Especially with #2 on the way.
I am really disappointed in how this country is progressing. I moved to the USA when I was 5 and somedays I sure am glad my parents retained my Polish citizenship.
Good luck to all!!! Thanks for asking!
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Old 04-11-2008, 07:01 AM
  #24  
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Default Re: So how are we all doing - really?

I'm not sure that this site is the best place to get an overall glimpse of what the actual pulse of the nation is on economic issues. It's a BOATING forum. We all (?) own boats. Many of us own very nice, expensive boats that we are able to afford because we are hardworking, intelligent, contributing members of this country. Unfortunately, there are lazy, undeducated, ignorant individuals who reside here who have a more difficult time leading a productive life. When those individuals are aided in their endeavors by banks that allow them to enter into mortgages that are way over their heads, and by credit card companies who dangle the "buy it now, pay later" carrot, it creates a huge problem for all of us.

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Old 04-11-2008, 07:04 AM
  #25  
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Default Re: So how are we all doing - really?

I'm doing fine. My business is still doing well although sales are a little down from last year at this time, but still decent. My two sons are my business partners and are doing a terrific job and therefore, I'm getting an extra day off per week to go fishing. My youngest son is getting married in Charleston SC and about 200 friends and family are going to Isle Of Palms for a week in July to enjoy it. My wife of 36 years and I are both healthy and I'm 8 months from my house being paid off. No debt other than that so life is pretty darn good, thank you Lord!
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Old 04-11-2008, 07:18 AM
  #26  
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Default RE: So how are we all doing - really?

Seems that life is just doom and gloom for those living on the left side of the street. Must be something in the water over there.
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Old 04-11-2008, 07:26 AM
  #27  
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Default Re: So how are we all doing - really?

My wife, son and I are doing great. about seven years ago i decided to stop investing in the market, and get my house paid for before i turned 40. as of may of 07 i don't owe anybody anything.(god it is a great feeling) in 06 i sold my sedan bridge and downsized to a 21 wac, i also bought a travel trailer that we stay in at the marina. last year i sold my gas guzzler jeep and bought a vibe( almost doubled my mpg). so i guess you could say i changed my life style to meet current economics. the funny part is we don't miss the big boat at all. the travel trailer has twice the room inside of are old boat, and now i can trailer the new boat two different places. we are towing it down to destin next week to try our luck at cobia fishing and cruising.
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Old 04-11-2008, 07:59 AM
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Default Re: So how are we all doing - really?

Through our church we're studying a book called "One Month to Live: Thirty Days to a No-Regrets Life" by Kerry and Chris Shook.

I'd recommend it for anyone who's feeling trapped in the hampster wheel.

And we're doing fine, thanks. We have our God, each other, our children and grandkids, and our health.
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Old 04-11-2008, 08:36 AM
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Default Re: So how are we all doing - really?

NJFISH - 4/11/2008 4:29 AM

Sounds like all those silly Christmas time "family update" letters...
Now THAT is damm funny! That said, every day on the right side of the grass is a good day...

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Old 04-11-2008, 09:34 AM
  #30  
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Default Re: So how are we all doing - really?

My wife has been gaining weight.
My oldest son is failing at school.
I have a rash.
I refinanced 7 times, owe $1.4 million on my $960k house.
I can't lose weight.
Hillary is gonna be president.
My car said it should get 21mpg but it gets 18.
The foreskin around my penis has been tightening up as of late, which is uncomfortable.
My landlord is raising my office rent.
My wife started wearing MOM jeans.
One of my dogs went blind. The others are destroying the furniture.
I keep having this recurring death dream.
Another son of mine has started wearing girls clothing.

Other than that things are golden though. I paid my taxes today



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Old 04-11-2008, 09:37 AM
  #31  
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Default RE: So how are we all doing - really?

I fired a guy yesterday......life is good.
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Old 04-11-2008, 09:37 AM
  #32  
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Default Re: So how are we all doing - really?

Firstmate2 - 4/11/2008 9:01 AM

I'm not sure that this site is the best place to get an overall glimpse of what the actual pulse of the nation is on economic issues. It's a BOATING forum. We all (?) own boats. Many of us own very nice, expensive boats that we are able to afford because we are hardworking, intelligent, contributing members of this country. Unfortunately, there are lazy, undeducated, ignorant individuals who reside here who have a more difficult time leading a productive life. When those individuals are aided in their endeavors by banks that allow them to enter into mortgages that are way over their heads, and by credit card companies who dangle the "buy it now, pay later" carrot, it creates a huge problem for all of us.
I understand your point, but this is still a good barometer when trying to gauge how accurately the media reports represent the country at large. If things were truly dire, even those that have traditionally been able to afford boats would be affected by the backwash from those that overextended themselves.

Based on this sample, it doesn't look like that is happening, though we may only be hearing from those that are not doing badly.

As I have mentioned before, energy prices are a much more pervasive economic problem than real estate for the country at large. The extra 400 billion a year we are paying for oil works out to an average of almost $4,000 per family. That 400 billion in annual cost will also work its way into equities at a multiple of at least 5-7 times – e.g. an annuity, taking trillions off of the US stock market equity capitalization. These two phenomenon hit anyone that has investments and anyone that uses energy – a much larger population than the ever-extended idiots, who had nothing to lose to begin with.

Yet, no one talks about this, other than to pay lip service to the storyline du jour about why oil futures are up or down on any given day. Where is Howard Beale when you need him??
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Old 04-11-2008, 10:02 AM
  #33  
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My business has been bad for a while (about 8 months now), I'm in an impulse buy/discretionary money business. Where people would eat pizza on average every 7-10 days, now it's about 14-18 days. I have had some descent weeks. Sales are down between 16-27 percent and cost are up over 13 percent. It's not always about price either, we have some very aggressive offers and people are just not responding as they used to, when things get tight we (restaurants) are one of the first things people cut back on. So as compared to most of the rest of you, I guess I'm going in the SHITTER
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Old 04-11-2008, 10:14 AM
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Default Re: So how are we all doing - really?

Brother died last year, Dog died last week, my buisness is slow, due to the economy!, trying to sell a house in a bad market, so I can buy or rent in good market. Trying to relocate, and move a buisness, to a place where its a big( ? ), of wether it will do good or bad. My friends think we are nutz to give up what we have to relocate.

The future looks like a hand at blackjack,....and ,were doubling down!

The good: its just me and my wife and we have a blast no matter where we go!
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Old 04-11-2008, 06:19 PM
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Business is great. I have a job, a wife 19 years younger than I am. My wife just had our second child a healthy 8 lb 2 ounce girl. Also have a two year old boy that is healthy. My dogs haven't dug any holes in the yard lately. My trees and shrubs are putting on new growth. The front yard is green and freshly mowed. The beer in the fridge is cold. Life is good. My son from my first marriage just got accepted to NC State. I have no complaints. Thanks for asking. Oh yea , I have the next 9 days off from work.
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Old 04-11-2008, 07:16 PM
  #36  
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Default RE: So how are we all doing - really?

I own 2 IT companies, and frankly we are booming, BUT we are 90% medical, which if medicare would leave well enough alone we would be doing even better.

BUT I live in Charleston SC, and I know personally real estate agents and builders going bankrupt. I also have a few non-medical businesses, that are not dying but are having a hard time paying their bills.

I know in this area, there are people hurting and I don't mean people that bought houses they could not afford but people who are suffering because of the downturn in housing, and also folks who are suffering from the high energy costs, that affect their business.

This is a weird downturn in the economy because it is affecting certain sectors more then others. But you had better believe that it will affect all of them if it keeps going the way it is. All of the folks that post on here they are doing fine, because they are employed and not the owners of the business, really can't say whether they are or are not, because they probably don't know the situation their business owners are in. I don't think a quick turn around is in order, why because I talk to small business owners everyday and they are all worried, they know that operating costs are up and business is not. Time will tell but I think things will get worse before they get better, and that is not doom and gloom but the facts I see from talking to people in the trenches every day.
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Old 04-11-2008, 07:16 PM
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No complaints here other than trying to figure out how I am going to stop working before 60, but I've got 20+ years to figure it out. Work is good, economy doesn't effect the healthcare segment I am in and the hours are OK as well. Spent today cleaning up the boat and getting ready for launch in 2 weeks. Wife is 8 weeks pregnant with #2, Jack who is 3 is awesome and everyone in the extended family is good too. Pool cover comes off in two weeks and uncle sam owes me 19K so tonight I am happy. Sure the boat hasn't sold yet but I really don't care if it does. We're all looking forward to spending lots of time on the water this summer on the boat.

--JK
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Old 04-11-2008, 07:56 PM
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Debt free, bayboat, camp in the LA marsh. Wouldn't dared dream it not so long ago.
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Old 04-11-2008, 07:57 PM
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Like Menzies, I'm pretty much in a holding pattern.

Kids are on the verge, but not yet independent. (20 and 22)

Five more years until retirement. (Gotta have health insurance!)

I work for the U. S. Army, so the pay isn't going anywhere. (I'm not a contractor) I only work weekends, but have a tough time finding people to go boating/fishing during the week. I have the privilege of taking care of the wounded returnee's from Iraq/Afghanistan. Great people.

This is an election year and we all have our favorites, or the one's we love to hate. All the politicians on federal scene aren't worth one injured private who was just doing what he was told to do. God Bless them.

Wife's seriously in the "pause" Flashing, cranky, hotheaded, moody.

Out on the boat there's no work, no phones to speak of, beer, the wind, and the birds. I just love it.

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Old 04-11-2008, 08:33 PM
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Things not to bad here. The temps have warmed up so we're thinking about takin down the Christmas lights, or not. No one is buying the boats so we have been cutting them up to heat the house in the colder months. Son got sick from noxious resin fumes but recovered quickly when we put him in the garage with the dog. My painful rectal itch returned but my unfaithful wife of 12 years got a topical creme from a Doc she is screwing at work. Stuff is like magic but my breast have been puffy and I cry a lot more. Youngest daughter is knocked up again and in rehab looking forward to being a grandad and hoping social services won't get invloved this time so we can keep this one. Lord knows I could use some help stealing the neighbors gas and newspaper. Finally Thunderbolt Donnie got the meter jumped and getting free electric for now the money saved sure helps with the kids bail fund. Busy planning a summer junket to Glen Burnie and hopin the vega wins the burnout contest this year. LIfe is good write back when ya can.
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