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re: How did the 2008 financial crisis affect you?
Posted on 11/17/20 at 4:30 pm to CorkRockingham
Posted on 11/17/20 at 4:30 pm to CorkRockingham
Lost about 1/3 of investment value. Had a friend committ suicide because some of his financial dealings went south. He left behind a good woman and two adorable girls. Sad.
0
Posted on 11/17/20 at 4:31 pm to CorkRockingham
It was a few months away from altering the course of my career in a really bad way. But I snuck into my job as a cheap labor just before the lock and took advantage from there.
Posted on 11/17/20 at 4:31 pm to CorkRockingham
1. Made it really hard for me to find a part time job in hs/college
2. Made my father delay his retirement by several years.
2. Made my father delay his retirement by several years.
Posted on 11/17/20 at 4:32 pm to windshieldman
quote:
too broke to notice
I was in med school. I had nothing.
Posted on 11/17/20 at 4:34 pm to CorkRockingham
Lost my job as the company shut down the whole division. Whole industry collapsed. Weren't any jobs worth getting so I switched careers.
Posted on 11/17/20 at 4:35 pm to CorkRockingham
I had gone back to school and finished an advanced degree and graduated into the worst job market ever in the field I went to school for. So that sucked. It all eventually worked out though. Guess it was that white privilege doin' its work.
Posted on 11/17/20 at 4:35 pm to CorkRockingham
A girl I was dating at the time father built a massive multi million dollar place in Aspen in 2010. He was up there with Merrill Lynch in New Orleans. I always thought that was strange.
Posted on 11/17/20 at 4:38 pm to CorkRockingham
Mortgaged while they were estimating real estate at ridiculous levels (to pay off debts and get a clean slate).
Was quickly underwater when real estate reset.
Was quickly underwater when real estate reset.
Posted on 11/17/20 at 4:39 pm to CorkRockingham
I was a sophomore at LSU...never had to downsize from the sweet townhouse in lake beau pre I shared with my roomates, so I guess I made it just fine 
Posted on 11/17/20 at 4:48 pm to CorkRockingham
I had a small dividend growth fund that I had since I was 15 quietly growing. My brokerage firm changed 4 times and ended up in Wells Fargo. The frickers charged a non preferred fund fee over the years and took all the value. I never checked the statements as it was only $2500, but Wells Fargo found a way to take it. Worst financial company ever.
Posted on 11/17/20 at 4:54 pm to CorkRockingham
I was a contractor for DirectTV averaging $300/day. They canceled all contractors in east Alabama and I went from clearing 75k to 0.
Couldn't pay for either credit card or new cub cadet i for some reason decided to finance ( i was 22)
Im 2010 I joined the USMC. In 2012 Inpaid off all my debts while on my second deployment. I now have a 792 credit score and no debt but 14k on my 2020 car I bought in july and financed for 36 mo. I make just under 50k but I live in a paid for double wide. Life is decent.
Couldn't pay for either credit card or new cub cadet i for some reason decided to finance ( i was 22)
Im 2010 I joined the USMC. In 2012 Inpaid off all my debts while on my second deployment. I now have a 792 credit score and no debt but 14k on my 2020 car I bought in july and financed for 36 mo. I make just under 50k but I live in a paid for double wide. Life is decent.
Posted on 11/17/20 at 4:54 pm to CorkRockingham
Led to my parents divorce...
Posted on 11/17/20 at 4:55 pm to CorkRockingham
It was bad but nearly as bad as my the great divorce of ‘09.
Posted on 11/17/20 at 4:59 pm to CorkRockingham
Nary a bit. Retired in 2006.
Posted on 11/17/20 at 5:04 pm to CorkRockingham
I was/am in real estate. It went from feast to famine very quickly. I’m a saver and my wife makes great money so we were fine, but a lot of my coworkers and friends lost everything. It was hard to see.
That said most of not all have rebounded over the past 7 years and are back working and doing well.
That said most of not all have rebounded over the past 7 years and are back working and doing well.
Posted on 11/17/20 at 5:15 pm to CorkRockingham
I was working in the mortgage industry and for one of the only times in my life, really enjoyed what I was doing and was making pretty good money.
When housing prices crashed and lending underwriting tightened, I lost my job along with a whole lot of others.
Things bounced back for that business but I had already taken a different direction and couldn't really go back at that point.
When housing prices crashed and lending underwriting tightened, I lost my job along with a whole lot of others.
Things bounced back for that business but I had already taken a different direction and couldn't really go back at that point.
This post was edited on 11/17/20 at 5:18 pm
Posted on 11/17/20 at 5:15 pm to CorkRockingham
My dad lost his job in 09 and had to take a lesser paying one for a few years. Because of this I had to take out some student loans for school.
Posted on 11/17/20 at 5:16 pm to CorkRockingham
Dad lost his job, went to the school with the best scholarship I was offered.
Posted on 11/17/20 at 5:18 pm to CorkRockingham
Expense account was powered down and I went from playing golf with clients 3-4 times a week (weather permitting) to taking someone to lunch 1x week.
So minimal.
So minimal.
Posted on 11/17/20 at 5:20 pm to JudgeRoyBean
Worked for Lehman at the time. It was a really great time to be alive.
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