[Andy HoboTraveler.Com Travel Blog Vol II] How Much Money Can You Lose

[Andy HoboTraveler.com]

How Much Money Can You Lose
I have had three conversations in the last few days that has made me even more concerned for the economic situation.

The solution is to save money, the problem is debt.

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Chang Mai, Thailand
Friday, November 7, 2008
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How much money can a person lose before they are spending more money than they earn?

If you wages are reduced by 5! 0 percent, are you ok?

I believe I have misjudged the USA and worlds debt, I now believe that a 10 percent increase in debt or a 10 percent decrease in income can be all it takes to knock over the house of cards.

I am watching the ripple effects and the slow spin down.

I am very grateful to the good Gods I have no debt, and there are room in most countries for 2-3 dollars per day.

How Much Money Can You Lose

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Posted By Andy HoboTraveler.com to Andy HoboTraveler.Com Travel Blog Vol II at 11/07/2008 07:15:00 AM