Originally posted by: MrChad
Originally posted by: purbeast0
<div class="FTQUOTE"><begin quote>
Originally posted by: multiband8303
you guys are lucky.....</end quote></div>
I like to call it ... financially smart.
To be fair, luck has something to do with it. People can rack up debt when they lose their job unexpectedly or have massive medical bills. Being fiscally responsible is a big part of staying (relatively) debt free, but there is a little bit of luck involved too.
QFT!
I've lost everything I had twice in my life, both times to inopportune medical emergencies.
The first time, I had little, so rebounding was not so difficult.
The second time, though, was a killer: I had my own Company, doing quite well, even to the point of seeking tax shelters. BAM, daughter gets sick, way underinsured, and soon it's all gone. I managed to save only my Farm, a truck, and one household worth of furnishings (well, of course clothes and other essential items).
But this time, I rebounded with a fury, thanks to a caring neighbor who bought me my first herd of Beef and wouldn't take payment for them until I sold them and a lot of hard work (Luck), scrimping and saving, and do-it-yourselfing, etc.(Fiscal responsibility)
Of course, I really try not to get too comfortable with what I have, as I know what could possibly happen again. (Wife had breast cancer 3 years ago, and although we have the best Health Insurance possible, I was still out-of-pocket nearly a years salary before it was over)
Remember, you could be only one medical emergency away from homelessness.
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