Your economic outlook for next 5 years

[sweeps]

Re: Your economic outlook for next 5 years

I solve it by not reading the papers! Save money too. I have certain news topics sent to my desktop which keeps me in the loop for current events, but I don't have to wade through all the bad news to get to things that I'm interested in following.

I think President Bush does the same thing.

[PrincessPerky]

Re: Your economic outlook for next 5 years

On the outlook, for the next 5 years I have a better finance brain on my hea, so whatever happens I will be better off than the last 5 years.

[jmjj215]

Re: Your economic outlook for next 5 years

Perhaps this is a bit unrelated, but there's an interesting article in the WSJ about the Federal Budget. We should take a look at the federal budget, and make sure our budgets aren't anywhere near similar. They have very little room for discretionary spending, something like 84 cents of every dollar is already committed to one of these segments of the pie. This will have an effect on our personal economies in the next five years.

[jmjj215]

Re: Your economic outlook for next 5 years

Notice how the 'supplemental funding' for Iraq and Afghanistant aren't even included in the Defense and Homeland security pie. $217 billion every year just to service our debt.

Um, this is kind of funny. Looking at the print edition, the Medicare-Medicaid section is $415, but online, and in the image above, it's $582. What gives there? Hmm, also the Other category in the print is $498, while in this image above it's $300.

[Fern]

Re: Your economic outlook for next 5 years

I solve it by not reading the papers! Save money too. I have certain news topics sent to my desktop which keeps me in the loop for current events, but I don't have to wade through all the bad news to get to things that I'm interested in following.

you might enjoy this site,

https://www.happynews.com

[sweeps]

Re: Your economic outlook for next 5 years

you might enjoy this site,
www.happynews.com

Funny site! The market is down today so there's a warning plastered over the stock quotes: "Warning! Unhappy news alert! Click at your own risk!"

I also like today's horoscope: "Good news! The stars don't control your destiny. You do."

[Bluezy]

Re: Your economic outlook for next 5 years

I like that

[frugalfarmwife]

Re: Your economic outlook for next 5 years

My outlooks is going to stay positive even if it kills me Seriously we are secure and are working on many things for our own security, looking into wind power (fantastic wind through the valley here), we're working on being more self sufficient, will have cattle to sell soon to bolster the income. (there is always a market for home grown hormone free beef!). As our mortgage goes down our worth goes up, as the town grows our land value goes up, so life is looking up.

And our farm is our retirement (along with pension plan and other investments) We plan on working hard for the next 20-25 years and then retiring, selling out, buying a small hobby farm and spending it all!) No kids and the nieces/nephews are NOT going to get it, sorry but have seen the result of unearned money waste in the current generation of this family so their parents have already been told don't look to us for their kids, we're gonna spend every last penny and ENJOY all the hard work that went into it

kj

[Ima saver]

Re: Your economic outlook for next 5 years

Frugal, that sounds like a good plan for me. I don't plan on leaving anything much to my grandchildren and I have already spent way to much on a daughter that just calls when she wants money.
I plan to take everything on a happy and positive note and save as hard as I can. I know I have come a long way from a 20 year old who only had one pair of shoes (and they had holes) so i believe I can go a lot further.
I know I probably made a mistake when I turned 40. We lived a whole year on our savings while we built a new house in a new state, but it was an adventure and my husband says it was the best year of his life. So I am glad we did it!!

[frugalfarmwife]

Re: Your economic outlook for next 5 years

Frugal, that sounds like a good plan for me. I don't plan on leaving anything much to my grandchildren and I have already spent way to much on a daughter that just calls when she wants money.
I plan to take everything on a happy and positive note and save as hard as I can. I know I have come a long way from a 20 year old who only had one pair of shoes (and they had holes) so i believe I can go a lot further.
I know I probably made a mistake when I turned 40. We lived a whole year on our savings while we built a new house in a new state, but it was an adventure and my husband says it was the best year of his life. So I am glad we did it!!

Ima one thing I've really recently learned is don't look back for mistakes, Your hubby said it was the best year of your lives so it was well worth it! I spent about a year beating myself up for letting myself go with the "we'll take care of it tomorrow" mentality but have just recently realized it's not worth the agony, it's over, we enjoyed the time and now we move on!

Life needs to be fun no matter how frugal, heck fun for hubby and I is doing chores together, walking down to get the mail, walking our land and appreciating the beauty of it, and since he's learned to STOP with the "one day we'll build this, add that, etc, etc" and just enjoy the moments we're doing great!

kj