"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."

Sunday, February 22, 2009

TEN WAYS TO SURVIVE WITHOUT A BAILOUT

From this article at U.S. News & World Report:
If you haven’t qualified for a bailout by now, your chances are sinking fast. Washington has spent just about all the money it can stomach for awhile and done its best to give something to everybody. If you’re not in a line for a tax cut or housing rebate or mortgage modification or green-energy job, you may have little choice but to wait for the next financial meltdown.

But who says the whole solution has to be about jobs and money? There are plenty of ways to while away a recession and maybe even bail yourself out in the process. Such as:...
Number 10 is the bottom line, literally and figuratively:
10. Help fix capitalism. Spend your money smarter. Pay as you go. Ask a million dumb questions until you’re sure you understand what you’re getting into. Take intelligent risks, but ask yourself what could possibly go wrong – and have a plausible backup plan in case they do. Shame the deadbeats by outperforming and outmaneuvering them. Most of all, solve your own problems instead of hoping that somebody else will. Because there will never be a bailout big enough to cover everybody.
But also check out Number 3. Heh.

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