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Scott Francis Baker


December 17th, 2008

Economic Downturn @ 02:38 pm

I just upped my mortgage payments in light of the economy being down. I'm dumping a bunch of money in my 401k and watching it plummet every month. I figure I'll stop putting as much money in my 401k, and put that money towards my mortgage instead. I'll wait 6 to 9 months and then I'll move the money back if things have picked up.
 
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From:(Anonymous)
Date:December 17th, 2008 10:59 pm (UTC)

Foolish

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You are foolish to believe that things are going to turn up in as short a period a time. Try 3-10 years. This is a massive re-organization of the world's economy... pay off debt as fast as possible, and stop buying useless crap.
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From:monkeyhole
Date:December 18th, 2008 03:22 am (UTC)

Re: Foolish

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Wow, you've been visited by Glass-Half-Empty Claus. Enjoy your lump of coal!

Scott Francis Baker