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SVTPerformance's Chain of Restaurants
Road Side Pub
Anyone financially savvy?
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<blockquote data-quote="_Snake_" data-source="post: 16057243" data-attributes="member: 159147"><p>This. </p><p></p><p>A number of years ago, my position was eliminated and I wasn’t even close to being ready. Basically enough in savings to cover one month’s payment on the mortgage and car loan. I lost the house in foreclosure and my credit score dropped from 800+ to something in the high 400’s. I was so poor I couldn’t even pay attention. I was able to dig my way out: no credit card debit, my wife’s truck is paid off, my credit score went over 780 last month, my mortgage is half of the home’s appraised value, and I’m maxing out my 401k. Much more importantly, I have cash for 5 months worth of bills sitting in savings because I have zero desire to go through that shit again. </p><p></p><p>I know the question on everyone’s mind - how long did it take me to dig out?</p><p></p><p>Ten incredibly long ass years. I was RIF’d in 2008.</p></blockquote><p></p>
[QUOTE="_Snake_, post: 16057243, member: 159147"] This. A number of years ago, my position was eliminated and I wasn’t even close to being ready. Basically enough in savings to cover one month’s payment on the mortgage and car loan. I lost the house in foreclosure and my credit score dropped from 800+ to something in the high 400’s. I was so poor I couldn’t even pay attention. I was able to dig my way out: no credit card debit, my wife’s truck is paid off, my credit score went over 780 last month, my mortgage is half of the home’s appraised value, and I’m maxing out my 401k. Much more importantly, I have cash for 5 months worth of bills sitting in savings because I have zero desire to go through that shit again. I know the question on everyone’s mind - how long did it take me to dig out? Ten incredibly long ass years. I was RIF’d in 2008. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Anyone financially savvy?
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