With Trump as POTUS are you going to change anything in your life?

[Woodznutz]

Me neither. I'm doing everything the right way now.

 

[JoeB131]

Yes, I am going to do all my economic planning around the assumption a recession will hit some time next year.

Which means no unnecessary expenditures, no taking risky investments.

 

[Darkwind]

No, but I do plan to try and retire by the end of this year.

 

[progressive hunter]

Yes, I am going to do all my economic planning around the assumption a recession will hit some time next year.

Which means no unnecessary expenditures, no taking risky investments.

see trump made you a better person,,

 

[Woodznutz]

Yes, I am going to do all my economic planning around the assumption a recession will hit some time next year.

Which means no unnecessary expenditures, no taking risky investments.

That's been my lifestyle for years.

 

[1srelluc]

Yes, I am going to do all my economic planning around the assumption a recession will hit some time next year.

Which means no unnecessary expenditures, no taking risky investments.

Yeah, I'd hold off buying steak with your EBT card if I were you.

 

[task0778]

2 things matter to me: taxes and inflation. I believe the tax cuts expire this year so my taxes will go up next April if the gov't doesn't do something about it. It won't be Trump's fault if they don't, IMHO. Inflation is another story, if they extend the tax cuts then inflation might bump up a little bit depending on the size and distribution. Also, I'm not a big fan of tariffs, if enacted for any length of time then that too is a little bit inflationary.

 

[Scoutster]

Yeah, I'd hold off buying steak with your EBT card if I were you.

 

[White 6]

Yes, I am going to do all my economic planning around the assumption a recession will hit some time next year.

Which means no unnecessary expenditures, no taking risky investments.

You mean, you weren't already?

 

[Crepitus]

Me neither. I'm doing everything the right way now.

I have pulled back on some spending I was going to do. Gotta wait and see just how bad he fucks over the economy first.

I suspect it's gonna be pretty damn bad here in a few months.

 

[Crepitus]

No, but I do plan to try and retire by the end of this year.

I honestly wish you good luck with that, but urge caution. Things may not be looking so good in a few months.

 

[Crepitus]

2 things matter to me: taxes and inflation. I believe the tax cuts expire this year so my taxes will go up next April if the gov't doesn't do something about it. It won't be Trump's fault if they don't, IMHO. Inflation is another story, if they extend the tax cuts then inflation might bump up a little bit depending on the size and distribution. Also, I'm not a big fan of tariffs, if enacted for any length of time then that too is a little bit inflationary.

Inflation is already on the way up, and it's not likely to be in anything resembling a small way.

 

[JoeB131]

see trump made you a better person,,

That's retarded even for you.

I'd much rather have the economic stability we had under Biden where I could buy a new home and invest in a new business. (Which I did both of).

 

[JoeB131]

You mean, you weren't already?

Naw, actually, we purchased a business for my wife and bought a new home, both of which have improved our quality of life.

This is not something I would not do with Trump in charge. He's going to fuck things up.

Thankfully, I'm in a reasonably good position and I'm economically diversified.

 

[JWBooth]

Nope

 

[Woodznutz]

I have pulled back on some spending I was going to do. Gotta wait and see just how bad he fucks over the economy first.

I suspect it's gonna be pretty damn bad here in a few months.

There's always bargains out there regardless of the economy.

 

[JGalt]

Nope

I can go back to wearing camo pattern clothes without looking like a geek or making a target out of myself.

 

[White 6]

Naw, actually, we purchased a business for my wife and bought a new home, both of which have improved our quality of life.

This is not something I would not do with Trump in charge. He's going to fuck things up.

Thankfully, I'm in a reasonably good position and I'm economically diversified.

I hear you. I am not at the age, I will not be purchasing new (or different) home, with mortgage. Our stocks and savings are in either slow growth or in bonds or funds backed against some benchmark guaranteeing not the highest returns, but that principle is safe from being touched.

Will my life be much different with Trump as President. Most likely not, have set up multiple retirement income streams, and having reserves capable of sustaining lifestyle, well beyond the years expected to be left among the living. Gas price fluctuations, no problem as no daily commutes. Food price increases, no problem as we have no debt and plenty of marginal income to redirect toward food prices, he was not able to affect in a positive direction, as I knew he would not be able to affect.

So, pool openings will be based on the weather as usual and done by me, as has always been the case, never hiring, what I can do myself in spare time, which I have a lot of in retirement. Kayaking will be based on temperature and river levels, as usual. Vacation at a resort (this time in upstate Michigan, paid 7 months in advance. Regional day trips, no problem. Routine maintenance for multiple vehicles, strictly maintained to military standards, avoiding the purchase of new vehicles. If there is an occurrence requiring large sums on the quick and it would have to be pretty dammed large, will handled on open balance (presently $0.00) 2% home equity line of credit, avoiding credit card debt, as we have ever since retirement. Our set up, to report for consumer finance reporting, though basically borrowing from ourselves, in order to maintain high credit rating, whether using any actual consumer credit or not.

The only time, we have ever been affected by what Presidents did or did not do, as far as policies, was the last year of SonovaBush and the crash. I learned from that and took the proper steps to make sure we were bombproof for the future. We will not be affected.

 

[Independent thinker]

Yes, I am going to do all my economic planning around the assumption a recession will hit some time next year.

Which means no unnecessary expenditures, no taking risky investments.

You do realize that is because Biden's stock market went up because he fueled it through deficit spending and growing government while people who paid for things paid the price for it? Yes, there will be a recession by getting our fiscal house back in order and people will be paying lower prices because of it.

 

[sartre play]

With Musk having TO MUCH influence,
ALL should be looking at the damage a few young untrained peoples
lack of government knowledge of how it should or should not work.
Not ok.