- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Serious question about long term planning.
Posted on 4/10/14 at 8:39 pm to rintintin
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?
4
Posted on 4/10/14 at 9:05 pm to SECdragonmaster
quote:
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).
Well - if you don't want it seized, you better hide it.
I don't know what else to tell you, Doc. If you leave it in the open - under your name and citizenship, anywhere in the world, Uncle Sam can reach it. Perhaps you should just move now and beat the rush.
Posted on 4/10/14 at 9:10 pm to SECdragonmaster
quote:
Does that make more sense?
It does make more sense but I still have to wonder what makes you think we will have a crash of the magnitude you imply.
quote:
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 think you are underestimating what impact a total collapse of the American economy would have on the entire worlds economies.
quote:
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.
If this does happen then the NWO (NEW World Order) crowd has been right all along and I'm not sure where I'd rather be than the swamps of South La.
Posted on 4/10/14 at 9:15 pm to SECdragonmaster
You and/or your wife will always be able to make money as doctors in many different countries. You are in great economic shape, so my advice is to diversify but loosen up and live a little bit. You only live once so stop worrying about a US economic collapse. You will be able to start over fairly easily if something crazy like that happens.
Posted on 4/10/14 at 9:51 pm to SECdragonmaster
quote:Sure, if you're a borderline paranoid schizo.
Does that make more sense?
Just diversify. Have 6-9 months of cash on hand, stock up on MRE's if it makes you feel better and keep helping ill people with your talents.
There has not been a single time in recorded human history where there were no people predicting the end of civilization.
Can it happen? Sure it can.
But if it does the least of your worries will be "Damn! I wish we had sold our vacation home!"
This post was edited on 4/10/14 at 9:55 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News