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Message
re: Serious question about long term planning.
Posted on 4/11/14 at 5:50 am to Traffic Circle
Posted on 4/11/14 at 5:50 am to Traffic Circle
quote:Best answer yet
1. Turn off Fox News;
2. Quit worrying about Obamacare.
3. Join a Country Club;
4. Have a kid or 2; (this will take care of any spare cash);
5. Eventually die like the rest of us.
1
Posted on 4/11/14 at 5:54 am to Bayou Tiger
quote:
1. Turn off Fox News;
2. Quit worrying about Obamacare.
3. Join a Country Club;
4. Have a kid or 2; (this will take care of any spare cash);
5. Eventually die like the rest of us.
Best answer yet
Yep. Get your wife to write you a script for a chill pill.
This post was edited on 4/11/14 at 5:59 am
Posted on 4/11/14 at 7:59 am to lilsnappa
Assuming you're serious and have already made up your mind about all of this, I'd get rid of the gameday condo and put that in bullion. If shite gets bad, that condo will be impossible to unload. I wouldn't take it any further than that though.
Posted on 4/11/14 at 9:42 am to Bassmaster
This guy can't be serious. No fricking way. I'm gonna start doing my own medical work on my family so I can save a few bucks like this guy.
Posted on 4/11/14 at 9:55 am to Broke
I think the most realistic answer is, as someone stated, to go find a "prepper" and partner up with him and/or her.
You are a doctor, so they will gladly welcome you. Provide them with the medical tools you need and store them in their shelter. It gives everyone skin in the game.
Financially, if the US collapses, then literally no form of investment or currency is safe. So, let's just hope that doesn't happen.
You are a doctor, so they will gladly welcome you. Provide them with the medical tools you need and store them in their shelter. It gives everyone skin in the game.
Financially, if the US collapses, then literally no form of investment or currency is safe. So, let's just hope that doesn't happen.
Posted on 4/11/14 at 10:04 am to Broke
Sounds like you need a bunch of land, guns, and an off the grid house.
You can always buy a bunch of steel shipping containers and make a castle for protection if needed.
You can always buy a bunch of steel shipping containers and make a castle for protection if needed.
Posted on 4/11/14 at 1:59 pm to eng08
Doc you seem like a smart guy, well educated, you would need to be to have everything you have at this point.
Which is why I don't understand your current line of thinking. Sell everything and go underground? I don't know about that.
I think you just need to make sure you keep doing what you have been doing. Live under your means. Diversity. Don't put too much cash or other assets in one place. If you are really concerned about a collapse, invest in a few things that would help you if one occurs - some guns and ammo, survival food and kits, land in the country, etc. Buy a good safe and keep some cash at home, that sort of thing.
Just don't be like an old client of mine, who believed like you did, bought a couple of million worth of gold coins and kept them in a bank vault. As I told him, if there is a collapse, how are you going to get into the vault?
Which is why I don't understand your current line of thinking. Sell everything and go underground? I don't know about that.
I think you just need to make sure you keep doing what you have been doing. Live under your means. Diversity. Don't put too much cash or other assets in one place. If you are really concerned about a collapse, invest in a few things that would help you if one occurs - some guns and ammo, survival food and kits, land in the country, etc. Buy a good safe and keep some cash at home, that sort of thing.
Just don't be like an old client of mine, who believed like you did, bought a couple of million worth of gold coins and kept them in a bank vault. As I told him, if there is a collapse, how are you going to get into the vault?
Posted on 4/11/14 at 3:04 pm to SECdragonmaster
If you truly have excess income and substantial savings, just start accumulating the things you would need in your apocalyptic scenario with it. (as others have mentioned, land, gold/silver, a safe, MREs, arms, etc.) There's no need to liquidate to do so. Just start building your empire and live your life.
Is your wife on board with these shenanigans? What type of medicine do you both practice?
Is your wife on board with these shenanigans? What type of medicine do you both practice?
Posted on 4/11/14 at 10:07 pm to LSUFanHouston
quote:
ust don't be like an old client of mine, who believed like you did, bought a couple of million worth of gold coins and kept them in a bank vault. As I told him, if there is a collapse, how are you going to get into the vault?
dont ever keep money in a vault that you dont own.
want to really hide money put it in a below ground safe that is water proof and bury in the ground and get the gps coordinates and keep them in a few places in case you cant get to them. also in a few emails in different email accounts. dont label it money gps coordinates.
Posted on 4/11/14 at 10:26 pm to brbowhunter
More money more problems huh?
Maybe invest in a Virgin Galactic flight if you are planning the U.S. economy and eventual world economies demise.
Maybe invest in a Virgin Galactic flight if you are planning the U.S. economy and eventual world economies demise.
Posted on 4/12/14 at 7:20 am to jsquardjj
I appreciate the serious advice so far.
As far as the smart aleck comments (I expected) let me clarify again.
1. I am not talking about going underground and living in a bunker. Not talking about prepping or anything like that. If it gets to that, I would rather be dead and with my maker.
2. I am not talking about selling everything to live underground or rent. I am talking about selling all the expensive things I own and buying a much smaller and cheaper home that I would not care if I had to walk away from it and let it rot.
3. I am talking about using the equity I have in my home, office, condo to put a nest egg of cash/metals that I can access if I need to go to another country to practice medicine.
4. Again, not talking about living life as a hermit or recluse. Wife is on board with a simplified life including smaller house, etc.
5. Do not watch FoxNews. Have not watched since they cancelled Hannity and Colmes which I thought was the only good political show on TV. Now all it includes is Obama bashing.
6. Do not care about Obamacare. I think it is a mistake to replace greedy corporations with an even more greedy government but that is a topic for another thread. Obamacare has no impact my income or practice at all. Without giving details, I do not deal with medicaid/Medicare etc.
Again, thanks for the serious advice. I was really snooping for ways to protect and access resources if the economy crashes. Just like it did in the Great Depression in America. It has happened before so it is not radical to think our borrowing habits could cause it again. In fact, I think many other countries will be fine and I would want to live there. (IF it happens). But for now, this country has been great for me and is the best place I could hope to live if nothing gets worse. I am not gonna move away or hide in a hole waiting for the end and miss out on a great life I have built for myself. I just wanted advice on how to be more liquid when if it all goes down.
As far as the smart aleck comments (I expected) let me clarify again.
1. I am not talking about going underground and living in a bunker. Not talking about prepping or anything like that. If it gets to that, I would rather be dead and with my maker.
2. I am not talking about selling everything to live underground or rent. I am talking about selling all the expensive things I own and buying a much smaller and cheaper home that I would not care if I had to walk away from it and let it rot.
3. I am talking about using the equity I have in my home, office, condo to put a nest egg of cash/metals that I can access if I need to go to another country to practice medicine.
4. Again, not talking about living life as a hermit or recluse. Wife is on board with a simplified life including smaller house, etc.
5. Do not watch FoxNews. Have not watched since they cancelled Hannity and Colmes which I thought was the only good political show on TV. Now all it includes is Obama bashing.
6. Do not care about Obamacare. I think it is a mistake to replace greedy corporations with an even more greedy government but that is a topic for another thread. Obamacare has no impact my income or practice at all. Without giving details, I do not deal with medicaid/Medicare etc.
Again, thanks for the serious advice. I was really snooping for ways to protect and access resources if the economy crashes. Just like it did in the Great Depression in America. It has happened before so it is not radical to think our borrowing habits could cause it again. In fact, I think many other countries will be fine and I would want to live there. (IF it happens). But for now, this country has been great for me and is the best place I could hope to live if nothing gets worse. I am not gonna move away or hide in a hole waiting for the end and miss out on a great life I have built for myself. I just wanted advice on how to be more liquid when if it all goes down.
Posted on 4/12/14 at 9:48 am to SECdragonmaster
The kind of crash you are concerned about would almost certainly be accompanied with a major devaluation of the US dollar. If that is the case, you don't want cash you want assets (as in a big house is better than a small house). You will be able to trade assets back for a lot more of the devalued currency or the all together new currency.
People tend to want to prepare for mass pandemonium, but a situation more like Russia after the Soviet Union collapsed is far more likely. I am not saying it is likely, but total anarchy is way less likely. If the dollar collapses the value of assets relative to one another will be much more constant than there value relative to dollars. You will still use currency to trade from one asset to another, but you would not suffer the losses of those that were holding the currency.
People tend to want to prepare for mass pandemonium, but a situation more like Russia after the Soviet Union collapsed is far more likely. I am not saying it is likely, but total anarchy is way less likely. If the dollar collapses the value of assets relative to one another will be much more constant than there value relative to dollars. You will still use currency to trade from one asset to another, but you would not suffer the losses of those that were holding the currency.
This post was edited on 4/12/14 at 9:50 am
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