I chose the collapse in 2008 to be a lesson learned on what could/did happen. I paid off any debt and built this house in the fallen market (for half the cost so they could close out their build in this area) and paid it off. I have no debt.
I bought some prime stocks last year on March 20th when the Market crashed. It scares me to think of the position the government has put people in by allowing them to collect more money by not working than by working. All that free money. Did they really think there would be no payback?
There is no such thing as a free ride. Eventually, you will run out of gas.
It's not too late yet for people to try to get rid of some of that debt. Even if only to not accumulate anymore.
One day....
If I remember correctly - some cruise ship stocks? I bought a little BTC on my birthday a few days earlier.
All that free money. Did they really think there would be no payback?
It seems that no one thinks that far ahead. A year ago, professional economists were saying "inflation doesn't matter" ... and the media supported it, people believed it.
I actually bought about 5 different ones, but, here we are again today as I watch the market going into the toilet. I think this will be an ugly ride down.
Yes, the bitcoin was a great deal~!!