Lets be positive - what can you win?

sportbeth

Just reading one of the other threads stating that if you can keep your job in a recession you will be a winner.

So, if you do come out of the recession remaining a winner, what can you win?

E.g. if hubby and i keep our jobs and scrape through unharmed we will have paid off a significant debt with our first 8 months mortgage reduction, then paid off a larger amount of equity with the leftover months reduction. We will have also buillt up a significant nest egg (just in case) and will have save a couple of thousand from living Frugally (just in case)

Top that with the commission i will earn from just working my bits off to keep out of the firing line at work and we could potentially have done better than we would have without the kick up the backside the economy has had.

Cannon_Fodder

Hopefully society will win the knowledge to prevent this happening quite so badly again. (at all, would be too much to ask)

Davesnave

I think I'll be able to gain the property I want at the price I can pay, and in the location I prefer. That property will put a roof over my head, provide a small secondary income and allow me to develop some land, to leave something for people & wildlife to enjoy when I'm gone.

purch

- what can you win?

It's probably that question that got us into this mess in the first place !!!!

Generali

sportbeth wrote: »

Just reading one of the other threads stating that if you can keep your job in a recession you will be a winner.

So, if you do come out of the recession remaining a winner, what can you win?

E.g. if hubby and i keep our jobs and scrape through unharmed we will have paid off a significant debt with our first 8 months mortgage reduction, then paid off a larger amount of equity with the leftover months reduction. We will have also buillt up a significant nest egg (just in case) and will have save a couple of thousand from living Frugally (just in case)

Top that with the commission i will earn from just working my bits off to keep out of the firing line at work and we could potentially have done better than we would have without the kick up the backside the economy has had.

The chance to buy stuff cheaper, especially assets (eg houses, shares and land).

Of course if we end up with Protectionist (anti international trade) laws being passed then we're all worse off regardless of keeping our jobs or not.

BlondeHeadOn

sportbeth wrote: »

Just reading one of the other threads stating that if you can keep your job in a recession you will be a winner.

So, if you do come out of the recession remaining a winner, what can you win?

I personally can probably ride this one out, whatever beast it turns into. But I don't think that makes me a 'winner' in any sense of the word. Just bl@@dy lucky!

I can't see anything that seems like a 'win' to me in the coming months - just a bit more or less to 'lose'.....

Or am I just being very pessimistic?

Generali

BlondeHeadOn wrote: »

Just reading one of the other threads stating that if you can keep your job in a recession you will be a winner.

So, if you do come out of the recession remaining a winner, what can you win?

I personally can probably ride this one out, whatever beast it turns into. But I don't think that makes me a 'winner' in any sense of the word. Just bl@@dy lucky!

I can't see anything that seems like a 'win' to me in the coming months - just a bit more or less to 'lose'.....

Or am I just being very pessimistic?

That's pretty pessimistic but it seems we have much to be pessimistic about right now.

BlondeHeadOn

Generali wrote: »

That's pretty pessimistic but it seems we have much to be pessimistic about right now.

Maybe it's just that January feeling.....

Mind you, I felt like this before Christmas as well, so maybe not!

Generali

BlondeHeadOn wrote: »

Maybe it's just that January feeling.....

Mind you, I felt like this before Christmas as well, so maybe not!

It's the middle of summer here and still the papers are full of doom 'n' gloom(TM)

whathavewedone

Good thread.

I was thinking similar. I inherited 30k recently and have around 5k in savings that pre-date that. If it weren't for the recession I would probably have spent most of that on home improvements that really aren't necessary just to have things 100% as I would like them.

I would have stayed at home until the children reach school age at least instead of which I'm looking for a part time job now and intend to save whatever is left over after childcare as at the moment we don't need extra money to live on.

I'm being really thrifty and have cut back hugely on my spending as a result of which we already have money left over each month which is going into savings.

This is all in case oh's business goes tits up (doing nicely at the moment but who knows in these uncertain times) and we end up in negative equity by the end of our 3 year fixed deal (end of 2011) have to go on the SVR and interest rates are much higher.

However, if things don't turn out that badly we will have money behind us that we would have otherwise spent.

housesitter

Generali wrote: »

The chance to buy stuff cheaper, especially assets (eg houses, shares and land).

Basically, the ability to screw the next generation just as the previous one screwed us by buying everything.

Oh I'm 100% with you on your synopsis.