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Is a Depression better for Aspies?

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go_around
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08 Mar 2009, 9:01 am

IdahoAspie wrote:

Yes, true. But if you have college student loans and debt, inflation is good because it causes me to be able to pay it off more quickly and get out of debt.


My dad advised me to hold on to my student loans for as long as possible because inflation will definitely outpace my 3% interest rate. I thought he was a bit crazy, but honestly, I'm starting to think he's right. He also told me that his generation (he's one of the earliest boomers) "stole" the wealth of the previous generation when that generation started to age, and now we younger people will take the wealth of his generation, and that I should expect an economic shift that destroys my wealth and benefits my children and grandchildren someday. I'm also starting to think he's right about that. He also believes that older people such as himself should accept this as part of the natural course of life.

In an extension on that, my boyfriend started puberty in Russia right during the collapse of the Soviet Union. He talks about seeing peoples life savings become nothing in the course of months. He won't save cash because he says cash only has the value we give it, and that he won't waste the little time he has in this life on something that could end up having no value. He worries not about being poor, because he considers it inevitable (just like my father), but rather about having lived a life he doesn't consider worthwhile. I worry about being old and destitute, but honestly, I worry about having never lived a little bit more.



IdahoAspie
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08 Mar 2009, 9:18 am

go_around wrote:
IdahoAspie wrote:

Yes, true. But if you have college student loans and debt, inflation is good because it causes me to be able to pay it off more quickly and get out of debt.


My dad advised me to hold on to my student loans for as long as possible because inflation will definitely outpace my 3% interest rate. I thought he was a bit crazy, but honestly, I'm starting to think he's right. He also told me that his generation (he's one of the earliest boomers) "stole" the wealth of the previous generation when that generation started to age, and now we younger people will take the wealth of his generation, and that I should expect an economic shift that destroys my wealth and benefits my children and grandchildren someday. I'm also starting to think he's right about that. He also believes that older people such as himself should accept this as part of the natural course of life.

In an extension on that, my boyfriend started puberty in Russia right during the collapse of the Soviet Union. He talks about seeing peoples life savings become nothing in the course of months. He won't save cash because he says cash only has the value we give it, and that he won't waste the little time he has in this life on something that could end up having no value. He worries not about being poor, because he considers it inevitable (just like my father), but rather about having lived a life he doesn't consider worthwhile. I worry about being old and destitute, but honestly, I worry about having never lived a little bit more.


You have some very good points and wise father, I think. I have always thought it best to pay off college loans last and everything else first considering the interest rates.

I do fear, as you say, not living life to its fullest. But I also know having AS I am cheated out of a great deal, like many friends, perhaps a life partner.



TheDoctor82
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08 Mar 2009, 10:28 pm

go_around wrote:
TheDoctor82 wrote:
I'm not bothered by it, cause my goal is to succeed, regardless of the circumstances. I don't care what most people tell you...they TELL you their goal is to succeed..but that's only as long as everyone else does things properly by them. Not buying it. I expect nothing from others, so I push harder than anything for my own sake.


You're full of sh** if you think you have any control over it at all.

I don't think anyone benefits from a recession. As others have noted, people on the bottom of the totem pole end up with nothing during a recession. The idea that aspies are more successful in a recession is based on the idea that richer people become poor but poor people don't become destitute, they simply remain poor. Well, it's likely that poor people will be pushed lower and become destitute, at which point being happy living on $1000/month will still be out of reach. I'm opposed to living outside of your means as well, but still, I can't see how this situation is going to be any better for anyone.



I concern myself with what I have control over, and don't concern myself with what I DON'T. And before you whine about how "things aren't going to be any better for anyone", may I remind you that some people DID GET RICH during the Great Depression. Besides if it were true that everyone gets screwed even during a recession, there would've been no rich people in the '70s and early '80s, or really no rich people PERIOD, due to how many recessions and whatnot we've gone thru thus far throughout history.

To quote Warren Buffett( who I'll confess, I'm otherwise not a big fan of, though he knows his stuff, financially): "When everyone else gets stupid, YOU get greedy".



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09 Mar 2009, 10:31 am

Some soft drinks went up by a little. I am otherwise not heavily affected.