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shockey80

(4,379 posts)
Thu Mar 26, 2020, 10:29 AM Mar 2020

I'm not waiting, I am preparing for a great depression.

I am going to put in place an 18 month plan for me and wife to survive the virus and the economic disaster. It is going to be very difficult but I am determined to do it.

I had to take myself out of work, unpaid leave. It was not safe. I have to assume I will never go back. I do not know if I can collect unemployment? I have an idea but I don't know if it will work, yet.

I was lucky and I mean very lucky, I started an emergency fund when Trump was elected. I saved enough to last at least 6 months. I have to find a way to stretch it out farther. I also have a 401k I can draw from. I am not going to do it now. I 'm going to wait and use it later. Credit card can be used as a last resort. Next year I can start collecting SS. Until then, We are putting ourselves on a very strict budget.

I am going to search for a way to make money where I do not come in contact with other people. A very interesting, difficult problem to solve. Under the table money if you know what I mean, nothing illegal.

My wife and I are self isolating. We only go out to grocery shop, get gas, etc. We are prepared to do this until there is a vaccine. Luckily we get along. We like each others company. This virus is going to stress out a lot of marriages.

!8 months from now things will be turning for the better. We will have a new president working to repair all the damage and hopefully we will have a vaccine.

Something could happen to change things for the better before we get a vaccine. Perhaps a treatment that doesn't cure the disease, but it helps people survive the illness. I can't count on that.

Prepare for the worst and hope for the best. That's what I am going to do.

6 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
I'm not waiting, I am preparing for a great depression. (Original Post) shockey80 Mar 2020 OP
Preparing is a good idea Sherman A1 Mar 2020 #1
Glad you are forming a plan. MLAA Mar 2020 #2
what are you doing for health care? n/t Locrian Mar 2020 #3
Just curious, but what's your life plan if none of that comes to pass? HarlanPepper Mar 2020 #4
I really want to do the same thing. Mr West pnwest Mar 2020 #5
You were seriously far more responsible than the corporations who didn't sock away six months or JudyM Mar 2020 #6

Sherman A1

(38,958 posts)
1. Preparing is a good idea
Thu Mar 26, 2020, 10:43 AM
Mar 2020

This will not begin to be over until a vaccine is widely administered. Anyone that believe otherwise is simply whistling past the graveyard.

I too am making preparations, but of a different kind as I have doubts of my survival should I contract the virus. It is time to put affairs in order and while I hope that it will not be necessary I must be prepared.

pnwest

(3,266 posts)
5. I really want to do the same thing. Mr West
Thu Mar 26, 2020, 11:57 AM
Mar 2020

thinks that’s a bit much, even tho he started to take this whole mess seriously before I did. But now my dread and worry has surpassed his. I can see another Depression coming as well. And even tho I’m a LWNJ, I think ammo is required, too. There’s going to be hordes of homeless, hungry people.

JudyM

(29,225 posts)
6. You were seriously far more responsible than the corporations who didn't sock away six months or
Thu Mar 26, 2020, 10:31 PM
Mar 2020

even close to it.

Good luck!!

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