Comments on: what desperation looks like http://www.bripblap.com/what-desperation-looks-like/ thoughtful personal finance, career and health advice Sun, 05 Feb 2012 07:46:58 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Lindsay http://www.bripblap.com/what-desperation-looks-like/comment-page-1/#comment-29759 Lindsay Thu, 11 Dec 2008 10:06:25 +0000 http://www.bripblap.com/?p=659#comment-29759 "What all of these people fail to realize is that the instability they feel in uncertain times like these arises from their own lifestyle, and not from the government or the corporations or 'the economy.'"<br><br>Well, I do believe the deck is stacked against us. And I say that as someone who is financially well off and makes a living from her websites (aka multiple streams of income). :) <br><br>If you haven't seen Chris Martenson's Crash Course, it is well worth the time it takes to watch. There's a reason it's harder to make ends meet today (and this will just get worse in the future), and it does indeed have a lot to do with the government and the banking system.<br><br><a href="http://www.chrismartenson.com/crashcourse" rel="nofollow">http://www.chrismartenson.com/crashcourse</a> “What all of these people fail to realize is that the instability they feel in uncertain times like these arises from their own lifestyle, and not from the government or the corporations or 'the economy.'”

Well, I do believe the deck is stacked against us. And I say that as someone who is financially well off and makes a living from her websites (aka multiple streams of income). :)

If you haven't seen Chris Martenson's Crash Course, it is well worth the time it takes to watch. There's a reason it's harder to make ends meet today (and this will just get worse in the future), and it does indeed have a lot to do with the government and the banking system.

http://www.chrismartenson.com/crashcourse

]]> By: Lindsay http://www.bripblap.com/what-desperation-looks-like/comment-page-1/#comment-26712 Lindsay Thu, 11 Dec 2008 03:06:25 +0000 http://www.bripblap.com/?p=659#comment-26712 "What all of these people fail to realize is that the instability they feel in uncertain times like these arises from their own lifestyle, and not from the government or the corporations or 'the economy.'"<br><br>Well, I do believe the deck is stacked against us. And I say that as someone who is financially well off and makes a living from her websites (aka multiple streams of income). :) <br><br>If you haven't seen Chris Martenson's Crash Course, it is well worth the time it takes to watch. There's a reason it's harder to make ends meet today (and this will just get worse in the future), and it does indeed have a lot to do with the government and the banking system.<br><br><a href="http://www.chrismartenson.com/crashcourse" rel="nofollow">http://www.chrismartenson.com/crashcourse</a> “What all of these people fail to realize is that the instability they feel in uncertain times like these arises from their own lifestyle, and not from the government or the corporations or 'the economy.'”

Well, I do believe the deck is stacked against us. And I say that as someone who is financially well off and makes a living from her websites (aka multiple streams of income). :)

If you haven't seen Chris Martenson's Crash Course, it is well worth the time it takes to watch. There's a reason it's harder to make ends meet today (and this will just get worse in the future), and it does indeed have a lot to do with the government and the banking system.

http://www.chrismartenson.com/crashcourse

]]> By: fathersez http://www.bripblap.com/what-desperation-looks-like/comment-page-1/#comment-26706 fathersez Wed, 10 Dec 2008 12:54:54 +0000 http://www.bripblap.com/?p=659#comment-26706 You are right about the desperation part. When in Ghana, there were a couple of times (actually more than a couple) when we had to pay salaries late. The Ghanaians took it well. (we always explained). The Malaysians who were with us in Ghana, some of them went just short of beserk.<br /><br />It shows just how razor thin the income minus expenditure equation is for so many people.<br /><br />Hope your situation turns out ok.<br /><br />Regards You are right about the desperation part. When in Ghana, there were a couple of times (actually more than a couple) when we had to pay salaries late. The Ghanaians took it well. (we always explained). The Malaysians who were with us in Ghana, some of them went just short of beserk.

It shows just how razor thin the income minus expenditure equation is for so many people.

Hope your situation turns out ok.

Regards

]]> By: vilkri http://www.bripblap.com/what-desperation-looks-like/comment-page-1/#comment-26436 vilkri Thu, 20 Nov 2008 11:36:44 +0000 http://www.bripblap.com/?p=659#comment-26436 Great post. I am in a similar position as you are. I already got laid off. I should be ok for at least a year, which now gives me the opportunity to work on an income stream I have been developing over the past two years. Like you I was ready when I got laid off. During the past two years I have spent many hours (and lots of money) on this project in addition to a full-time job, commuting, 5 children - mom works -, and running a personal record in my most recent marathon. Great post. I am in a similar position as you are. I already got laid off. I should be ok for at least a year, which now gives me the opportunity to work on an income stream I have been developing over the past two years. Like you I was ready when I got laid off. During the past two years I have spent many hours (and lots of money) on this project in addition to a full-time job, commuting, 5 children – mom works -, and running a personal record in my most recent marathon.

]]> By: The Fab Five: “Hotlanta” Gone Cold Edition | Frugal Dad http://www.bripblap.com/what-desperation-looks-like/comment-page-1/#comment-26434 The Fab Five: “Hotlanta” Gone Cold Edition | Frugal Dad Thu, 20 Nov 2008 11:00:56 +0000 http://www.bripblap.com/?p=659#comment-26434 [...] What Desperation Looks Like. Here’s a guy who is not afraid of being laid off, because he has already figured out that living paycheck-to-paycheck is not a path to prosperity. [...] [...] What Desperation Looks Like. Here’s a guy who is not afraid of being laid off, because he has already figured out that living paycheck-to-paycheck is not a path to prosperity. [...]

]]> By: tammy http://www.bripblap.com/what-desperation-looks-like/comment-page-1/#comment-26430 tammy Wed, 19 Nov 2008 22:57:38 +0000 http://www.bripblap.com/?p=659#comment-26430 Isn't it funny how creative we can get when faced with financial uncertainty? Being able to create side hustles, alternate income sources and additional money has always been a part of my life since becoming self employed. I'm very fortunate to do what I love and to be able to manage my fluctuating income. <br>Who would have thought frugalism would be hip? (haha) <br>Love your post! Isn't it funny how creative we can get when faced with financial uncertainty? Being able to create side hustles, alternate income sources and additional money has always been a part of my life since becoming self employed. I'm very fortunate to do what I love and to be able to manage my fluctuating income.
Who would have thought frugalism would be hip? (haha)
Love your post!

]]> By: AnnJo http://www.bripblap.com/what-desperation-looks-like/comment-page-1/#comment-26426 AnnJo Wed, 19 Nov 2008 18:20:04 +0000 http://www.bripblap.com/?p=659#comment-26426 There never was such a thing as stability. And a one income family forty or sixty years ago was likely to be living in a 900 square foot home heated with an oil furnace, with one telephone (if that), one TV (if that), no appliances other than a stove and refrigerator, homemade clothes, and the experience of dining out once a month (if that). If you wanted to live like that today, you could easily afford it on a single income. There never was such a thing as stability. And a one income family forty or sixty years ago was likely to be living in a 900 square foot home heated with an oil furnace, with one telephone (if that), one TV (if that), no appliances other than a stove and refrigerator, homemade clothes, and the experience of dining out once a month (if that). If you wanted to live like that today, you could easily afford it on a single income.

]]> By: Weekend Linkage - November 16, 2008 http://www.bripblap.com/what-desperation-looks-like/comment-page-1/#comment-26395 Weekend Linkage - November 16, 2008 Mon, 17 Nov 2008 05:14:34 +0000 http://www.bripblap.com/?p=659#comment-26395 [...] blap: what desperation looks like It could be even worse when you DON’T have a [...] [...] blap: what desperation looks like It could be even worse when you DON’T have a [...]

]]> By: Weekly Roundup - Vacation Edition | Cash Money Life http://www.bripblap.com/what-desperation-looks-like/comment-page-1/#comment-26391 Weekly Roundup - Vacation Edition | Cash Money Life Mon, 17 Nov 2008 02:02:42 +0000 http://www.bripblap.com/?p=659#comment-26391 [...] what desperation looks like. The economy is hitting some rough patches and there are a lot of people being laid off, including Steve, from Brip Blap. [...] [...] what desperation looks like. The economy is hitting some rough patches and there are a lot of people being laid off, including Steve, from Brip Blap. [...]

»crosslinked«

]]> By: Weekend Personal Finance Links (sore muscle edition) http://www.bripblap.com/what-desperation-looks-like/comment-page-1/#comment-26388 Weekend Personal Finance Links (sore muscle edition) Sun, 16 Nov 2008 22:15:33 +0000 http://www.bripblap.com/?p=659#comment-26388 [...] What desperation looks like by Bripblap. [...] [...] What desperation looks like by Bripblap. [...]

]]> By: Financial Fellow http://www.bripblap.com/what-desperation-looks-like/comment-page-1/#comment-26382 Financial Fellow Sat, 15 Nov 2008 23:58:31 +0000 http://www.bripblap.com/?p=659#comment-26382 This article really resonated with me, Brip Brap. I admit as an employee of a Fortune 500 company its scary as hell to think about being laid off. If it were happen to me tomorrow I would probably be in trouble. Given that, I have taken the steps to build up more short term savings and develop alternative income streams - as you discussed. <br><br>One thing is for sure. Money = Freedom. This article really resonated with me, Brip Brap. I admit as an employee of a Fortune 500 company its scary as hell to think about being laid off. If it were happen to me tomorrow I would probably be in trouble. Given that, I have taken the steps to build up more short term savings and develop alternative income streams – as you discussed.

One thing is for sure. Money = Freedom.

]]> By: Studenomist http://www.bripblap.com/what-desperation-looks-like/comment-page-1/#comment-26371 Studenomist Fri, 14 Nov 2008 04:55:22 +0000 http://www.bripblap.com/?p=659#comment-26371 Personally I feel that consulting is great business to get into. The problem is that it is by no means passive income nor is it scalable. I am unfortuneatly in a position where I have a steady paycheck I rely on and only one source of passive income. My ultimate goal in life is to not have to worry about looking for a full time job, and to have many streams of passive income. Will this happen? Only time will tell I guess. Personally I feel that consulting is great business to get into. The problem is that it is by no means passive income nor is it scalable. I am unfortuneatly in a position where I have a steady paycheck I rely on and only one source of passive income. My ultimate goal in life is to not have to worry about looking for a full time job, and to have many streams of passive income. Will this happen? Only time will tell I guess.

]]> By: bripblap http://www.bripblap.com/what-desperation-looks-like/comment-page-1/#comment-26362 bripblap Thu, 13 Nov 2008 18:00:03 +0000 http://www.bripblap.com/?p=659#comment-26362 @deepali - certainly from a philosophical point of view, living in the moment and refusing to worry about stability, or lack of stability, or too many choices, or lack of choices, etc. would make anyone a happier person. It's not in most people's nature (not me, for sure)! I work on it, but I do have my blap moments... @deepali – certainly from a philosophical point of view, living in the moment and refusing to worry about stability, or lack of stability, or too many choices, or lack of choices, etc. would make anyone a happier person. It's not in most people's nature (not me, for sure)! I work on it, but I do have my blap moments…

]]> By: bripblap http://www.bripblap.com/what-desperation-looks-like/comment-page-1/#comment-26361 bripblap Thu, 13 Nov 2008 17:55:07 +0000 http://www.bripblap.com/?p=659#comment-26361 @plonkee: You've probably made one of the biggest arguments against full-time employment if you're looking for multiple income streams: it takes up a LOT of time to commute, work, etc. and then turn around and work on side projects. Trust me, I know, that's why I consider myself in transition - once I can replace 60-70% of my consulting income I'd leave my consulting gig, but making 60% "on the side" of what I make as a consultant is tough given the limited time. It's a bit of a catch-22, which is why I almost welcome these pauses between contracts. @plonkee: You've probably made one of the biggest arguments against full-time employment if you're looking for multiple income streams: it takes up a LOT of time to commute, work, etc. and then turn around and work on side projects. Trust me, I know, that's why I consider myself in transition – once I can replace 60-70% of my consulting income I'd leave my consulting gig, but making 60% “on the side” of what I make as a consultant is tough given the limited time. It's a bit of a catch-22, which is why I almost welcome these pauses between contracts.

]]> By: bripblap http://www.bripblap.com/what-desperation-looks-like/comment-page-1/#comment-26359 bripblap Thu, 13 Nov 2008 17:53:04 +0000 http://www.bripblap.com/?p=659#comment-26359 @WC: I'm a victim of the same paycheck mentality in a lot of ways - I've got one foot in and one out so far. My consulting is somewhat transitional - not quite an employee, not quite a solo practitioner/entrepreneur. And I'd certainly second the idea that some people aren't cut out to be entrepreneurs, just as some aren't cut out to be employees. I guess my only point would still be that you THINK you have stability in a job, but the real stability comes from having multiple sources of income, not a steady paycheck (although I guess you could argue that could be one of the sources). @WC: I'm a victim of the same paycheck mentality in a lot of ways – I've got one foot in and one out so far. My consulting is somewhat transitional – not quite an employee, not quite a solo practitioner/entrepreneur. And I'd certainly second the idea that some people aren't cut out to be entrepreneurs, just as some aren't cut out to be employees. I guess my only point would still be that you THINK you have stability in a job, but the real stability comes from having multiple sources of income, not a steady paycheck (although I guess you could argue that could be one of the sources).

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