Sunday, May 06, 2018

But for the grace of God, there go I

(Via the Drudge Report)

Over the years I've been blogging, I've written about finance, both macro and micro. I've also written about prepping in all manner of situations, including as you age. This combines both of those themes.

The story is of a man who once walked the corridors of power, and who now walks the streets. I don't really know anything about the people he worked with and for except Rudy Giuliani, and I only know the least bit about him to be honest. Perhaps this man is reaping what he sowed, perhaps he is the victim of his own poor choices and perhaps he is simply one more unfortunate person living a life of quiet desperation, waiting for salvation or the end.

For our purposes, he is probably deserving of a word of prayer if you tend toward such, and some consideration in light of your own circumstances no matter how you tend. I can tell you from personal experience that it is very easy to go from being on top of the world to on top of the trash heap, and it can happen all too quickly. You should devote some of your planning time to this concept, because it isn't as far-fetched as you might want it to be.

1 comment:

Zendo Deb said...

Far down in the piece you link it says "$2,100 per month" of social security or other benefits.

4 years ago, when I was still trying to convince myself to stick to the landlord game, I had a 3 bedroom 2 bathroom house that I rented out, in a fairly nice area of suburban Cincinnati, for 1300 bucks a month. I didn't own apartments, but I'm guessing they could be had for less than $1000 in some areas. And it wasn't the cheapest area (or the most expensive).

Now I realize he doesn't know anyone in Cincinnati - or Dayton, or Appleton, Wisconsin, or Springfield, Missouri - but there are MUCH cheaper places to live than New York City. You question the choices he has made. The most basic - location.

There are more choices than "Florida" or a 1 room apartment in NY City.