If people are anti-investing (which a lot of that seems to be the case even on piggington), what’s the alternative for people like this who depend on back-breaking self-employed labor and now are older and probably can’t do the samething anymore?
Some people, if they are wiped out with the savings/investings have the option of going back to work and rebuilding even if they are older…
In this particular situation, this person counted on his job as a contractor, didn’t save/invest. Can he reasonably “go back to work” in what he is doing, given his current age and physical condition? What options does he have?[/quote]
In his case, not a lot judging from his listing on Linkedin. He appears to be attempting to put together a website for victims of motorcycle accidents and pursuing his old business. But, frankly, between his history and the information that he has entered there (lots of errors in terms of punctuation and grammar, etc.) it’s not going to go well. In terms of people like him, they have to realize when they are young that (1) they can’t do physical labor forever, and (2) businesses fail for all kinds of unpredictable reasons (look at Proformance Apparel and Leucadia Pizzeria who were the victims of embezzlement). People in his position need to gain experience or education in an area that is in demand, or run the risk of disaster.
