What's Your Problem?


I was a freshman in college when September 11th happened and was immune to the economic effects. Natty Lights still cost the same, my immediate family all worked for the government and were fine, so I mourned with the rest of the country without any real personal implications. 


Fast forward to 2008, I'm a second year mortgage broker making more money than my parents and boom, Lehman collapses, the markets eat 'isht and I ate my first real piece of humble pie. I was 25, way overextended given my DTI (that's a mortgage abbreviation for "debt to income") and it was the best thing that could have happened to me. 


Sure I had a brand new Escalade that I took a bath on, I had to tap into my newly funded 401k to make the move to NYC, and I liquidated all my other bachelor pad assets (pool table, treadmill, leather sofas) as I was downsizing from 4,000 square feet to 400. 


Point being, this didn't happen to me at the time when I had a mortgage, a family, substantial retirement savings, responsibilities I do have now. So fast forwarding again to today I was prepared, my house is in order, no pun intended.


If you're now experiencing your first real economic downturn and having a holy isht moment, good. Better now than later when you have real obligations. Remember this time and prepare for the next one, because it will come again. 


Lastly, don't stress. That means your family, your boss, your employment status, whatever. Here's a helpful visual on why:  https://en.dopl3r.com/memes/dank/do-you-have-a-problem-yes-no-can-you-do-something-about-it-no-then-dont-worry/142959


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