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Message
re: Serious question about long term planning.
Posted on 4/10/14 at 8:17 pm to SECdragonmaster
Posted on 4/10/14 at 8:17 pm to SECdragonmaster
I'm thinking along the same lines as Midnight. If there is a collapse to the proportions that you're speaking of here. A collapse so immense that you don't even want your house, what makes you think cash will be worth anything?
Gold and silver? Sure I could see those being valuable, but are you planning on living inside a gold and silver house?
Also, as Midnight said, your great income and retirement date really mean nothing if there indeed is a collapse.
Clean water, food, guns, ammo, and medical supplies would be the most valuable things I guess.
Gold and silver? Sure I could see those being valuable, but are you planning on living inside a gold and silver house?
Also, as Midnight said, your great income and retirement date really mean nothing if there indeed is a collapse.
Clean water, food, guns, ammo, and medical supplies would be the most valuable things I guess.
1
Posted on 4/10/14 at 8:39 pm to rintintin
All good points guys and I guess I will need to provide a little more detail.
1. I am not interested in living in a country where I need ammunition, supplies, and a bunker. If things get that bad, I am out of here. (I do not think it will get that bad).
2. I am planning on buying a much smaller house and paying cash. Not living in a tent or anything like that. Just working a salaried job with a low cost home that I can essentially walk away from if the economy is trashed.
3. Both my wife and I are full time physicians. Our jobs will ALWAYS provide more than we need to live on, even in the most barren economy. I am not worried about making money to live on day to day. Not here or in any country. You would be surprised to know how easy it is for physicians to relocate to any country of our choice.
4. What I am trying to plan for is if we have a US Economic collapse. I know that will impact the world, but not every country equally. I would like to have a large LIQUID nest egg that the US government cannot touch to help me move to another country and practice medicine there. (this is all legal money that I have paid taxes on, I am hiding nothing at all).
5. My fear is that if the economy crashes, my bank would freeze all my cash, my index funds would be worthless, and I could not sell my house, office, condo, etc. I would be stuck here like everyone else.
Does that make more sense?
1. I am not interested in living in a country where I need ammunition, supplies, and a bunker. If things get that bad, I am out of here. (I do not think it will get that bad).
2. I am planning on buying a much smaller house and paying cash. Not living in a tent or anything like that. Just working a salaried job with a low cost home that I can essentially walk away from if the economy is trashed.
3. Both my wife and I are full time physicians. Our jobs will ALWAYS provide more than we need to live on, even in the most barren economy. I am not worried about making money to live on day to day. Not here or in any country. You would be surprised to know how easy it is for physicians to relocate to any country of our choice.
4. What I am trying to plan for is if we have a US Economic collapse. I know that will impact the world, but not every country equally. I would like to have a large LIQUID nest egg that the US government cannot touch to help me move to another country and practice medicine there. (this is all legal money that I have paid taxes on, I am hiding nothing at all).
5. My fear is that if the economy crashes, my bank would freeze all my cash, my index funds would be worthless, and I could not sell my house, office, condo, etc. I would be stuck here like everyone else.
Does that make more sense?
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