RE: RE: Uncertainty can be a Growth Booster
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RE: Uncertainty can be a Growth Booster

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Hope for the Best, Prepare for the Worst

The first is easy. The second, well, can also be sort of easy, but it depends what 'worst' actually means.

For instance, I prepared for the worst by having enough liquid funds to provide me a super low cost life cost. Eventually, buy a minivan, or yurt; Find a farmer somewhere to put the van or yurt; Rent or even sell my apartment and other assets. This will deal with job lose and not able to get hired for a new job.

But

What if the national currency inflates tremendously, going hyperbolic while I am pushed out by my employer, when AI takes over most of our jobs, including mine, and the fiat system breaking down? Where my government is not able to support me with some form of unemployment benefits? I scenario that is possible. Perhaps not in the coming 5 years, but in the coming 20 years perhaps? Such worst scenario is more difficult to prepare for, although I have to start doing so.

@edje: Hope for the | Ecency