Comments on: Plan Z: How to Survive the 2009 Financial Crisis [FREE]

By: eric

eric — Tue, 14 Jul 2009 09:23:06 +0000

Will try to check it out!

By: Mat

Mat — Wed, 08 Jul 2009 22:04:43 +0000

Looks interesting, I just downloaded it and will give it a read.

By: Robert Pagliarini

Robert Pagliarini — Wed, 08 Jul 2009 20:19:08 +0000

@Santos In a perfect world, we’d all be financially successful and independent. We’d all have 12 months of living expenses in cash, a secure job, a well-managed investment portfolio, and kids who listened to their parents. But alas, we do not live in this world.

Question for you . . . if you had no savings and you lost your job, would you rather be debt free, hungry, and homeless, or would you rather have a few grand in the bank to pay rent and buy food while you try to get back on your feet? I’d rather be in debt than homeless.

Should everyone get a loan to buy crap they don’t need? Obviously not. The faux fund are for those who are already on the edge and concerned that if they get laid off they will be out on the street. That person, and I’d argue society as a whole, is much better off if they get the loan and have the opportunity and time to get a job. I’m not sure where you live, but the homeless I see are not benefiting themselves or society.

By: Santos

Santos — Wed, 08 Jul 2009 20:04:12 +0000

This is the kind of advice that will get the poor souls who follow it deeper in the hole. No wonder financial planners have such bad reputation! Sure, go take a loan to have a “faux emergency fund”. Maybe the only one dimmer than the one taking out the loan is the one loaning the money.

By: Robert Pagliarini

Robert Pagliarini — Wed, 08 Jul 2009 03:59:30 +0000

@Dee My pleasure!

@Damon So glad you enjoyed it, and even more importantly, that you’re going to set up that cash reserve! Happy to connect with you on FB/Twitter…

By: Damon Day

Damon Day — Wed, 08 Jul 2009 03:55:35 +0000

just downloaded it and read the whole thing. Awesome book Robert. It certainly makes a heck of a lot of sense. It is refreshing when other professionals will actually come out and tell people the truth even if it doesn’t toe the main stream line. Especially to come out and say these things in the main stream press. You are right on target though. What good are you if you lose your job and have no money and no credit. Everyone must focus on setting up cash reserves and do it now!!. Kudos Robert. I will be looking you up on Facebook and Twitter. Keep the good stuff coming.

By: Dee

Dee — Wed, 08 Jul 2009 03:42:30 +0000

Thanks for the ebook!

By: Robert Pagliarini

Robert Pagliarini — Wed, 08 Jul 2009 01:19:20 +0000

You’re the best Jim! Thanks for being part of this.