As I’ve mentioned many times before, I’m not afraid of the current economic conditions. I simply don’t buy into the fear that is constantly being touted during most news reports about the economy.
Several readers have followed up with me extensively on this.
This started off as an email to a reader, but I thought that many other readers might find this of some value.
Recently, I received a long email from a very distraught woman (that I’ll call Mary) who has finally come to the realization that she will not be able to retire in seven years as has been her plan all along.
My three year old son has officially graduated to the “Why?” stage.
Most parents - actually, anyone who has spent much time around a three year old - know exactly what I’m talking about. He’s basically asking “Why?” about everything that happens, from the simplest mundane household things to complicated issues like the nature of life.
In other words, there’s a lot of explaining going on around the clock here at the Hamm household.
When I first started writing The Simple Dollar, I was working at a very stable 9-to-5 job that paid quite well. My wife and I lived in a very small apartment with our one child, a boy who wasn’t even a year old yet.
I thought it would be fun to start off 2009 by making a handful of predictions as to what the coming year will hold in terms of your money and your lives. We’ll check back at the end of the year to see how I did.
The Dow will not go below 8,000 this year. I believe the stock market has already hit its “bottom.” Generally, when you see a long leveling off period even in the face of some bad economic news, the market is full of roughly equal numbers of buyers and sellers, and as soon as the news turns good, the sellers will disappear, leaving only buyers.
When I started working on this post, I was trying to make a list of Christmas (or other winter holiday) gift ideas under $10 that would be great to give for family gift exchanges, as stocking stuffers, and so on. I easily made a list, but then I realized when I read through it that I actually would not like it if I received most of this stuff. If I wouldn’t like these frugal gifts, why would I ever recommend these things to you?
So I threw out the list and started over.