“Less than a year ago, a recession was the last thing on anyone’s mind. In fact, over the summer, as I was questioning the conventional wisdom, I read an article on my television show that quoted a financial expert as saying, “It is the strongest global market that we’ve seen in the history of measuring these things.”

Not true. Many of us new what was comming, rented instead of buying and loaded up on gold and Euro. The only thing I didn’t see comming was $100 oil, which is funny since I work for an oil extraction machinery company.

“Less than a year ago, a recession was the last thing on anyone’s mind. In fact, over the summer, as I was questioning the conventional wisdom, I read an article on my television show that quoted a financial expert as saying, “It is the strongest global market that we’ve seen in the history of measuring these things.”

Not true. Many of us new what was comming, rented instead of buying and loaded up on gold and Euro. The only thing I didn’t see comming was $100 oil, which is funny since I work for an oil extraction machinery company.

Two years ago, my best friend and I had a falling out. We stopped speaking because I refused to get recruited into her new MLM company (a mortage operation) whose motto was “Make your house work for you. Take out your equity and invest.”

I had a couple of homes already, both with large equity. I wouldn’t do a refi with her to cash out and re-invest. This is partly due to conventional wisdom I got from my father – Pay off your mortgage, have no debts and buy income-producing assets. The other reason was that 2 years ago was a seller’s market and my own wisdom dictacted that one does not buy in a seller’s market.

I’m glad I stood my ground, but it makes me very sad to think how she might be faring now.

Two years ago, my best friend and I had a falling out. We stopped speaking because I refused to get recruited into her new MLM company (a mortage operation) whose motto was “Make your house work for you. Take out your equity and invest.”

I had a couple of homes already, both with large equity. I wouldn’t do a refi with her to cash out and re-invest. This is partly due to conventional wisdom I got from my father – Pay off your mortgage, have no debts and buy income-producing assets. The other reason was that 2 years ago was a seller’s market and my own wisdom dictacted that one does not buy in a seller’s market.

I’m glad I stood my ground, but it makes me very sad to think how she might be faring now.

Two years ago, my best friend and I had a falling out. We stopped speaking because I refused to get recruited into her new MLM company (a mortage operation) whose motto was “Make your house work for you. Take out your equity and invest.”

I had a couple of homes already, both with large equity. I wouldn’t do a refi with her to cash out and re-invest. This is partly due to conventional wisdom I got from my father – Pay off your mortgage, have no debts and buy income-producing assets. The other reason was that 2 years ago was a seller’s market and my own wisdom dictacted that one does not buy in a seller’s market.

I’m glad I stood my ground, but it makes me very sad to think how she might be faring now.

BobS
DH: Don’t be sad. She wasn’t your friend.

BobS
DH: Don’t be sad. She wasn’t your friend.