Recession Busters - Part 1

The two topics, which have been consuming unreasonable reels of newsprint & airtime on news channels off late, are Terrorism & Recession.  While terrorism could be quite a sensitive topic to blog about, recession is already sensitive. So thought of starting off a series of posts on various ways to bust the recession. Obviously in the style that suits me the most. So lets get rolling.

Hoard your Monies

While we hear stories of people getting retrenched, laid-off, kicked-off & think, lucky us to have made it through another day, I think it’s a good idea to start hoarding our monies before the pink slips make us go red in our face & elsewhere. So here are a few tips & ideas to help us hoard truckloads of money, for those dry days.

• Pick the damn phone, call your insurance company & stop investments in all your pension plans. Needless to say the pension plans are planned to get you monies after 15, 20, 25 years. But it really does not put monies in your pocket in the next 15, 20, 25 days or worst 15, 20, 25 minutes. You never know whats gonna hit you in these times, so might as well have the money lying with you rather than the insurance company

• A friend of mine at Infosys was talking about how his boss decided not to buy a car he was planning to buy & rather settle down for a bike instead. After a few days he decided to not buy the bike as well. He obviously wanted to hoard that money for unforeseen days ahead. So all of us who are already using public transport to commute, hats off to their foresight. If we could probably cycle it down to our work places or walk down, we could save on the monies spent at the health club & add it to our ‘Hoard Fund’

• Liquid is the buzzword here my friend. Stay liquid at all times no matter what. Obviously not referring to martinis or cognacs or tequila or any other form of fluid, me talking about cash baby. So go ahead sell off the piece of inherited land in your home town, withdraw the Provident Fund stuck in your previous company, liquidate the low interest paying FD you got into a few years back, sell your old car lying unused in your garage, the old camera, the old denim jacket from your college days (which does not fit you any longer), the old music cassettes and any other vintage & antique (fancy names for old & useless) stuff you think might fetch you a few bucks to add to the ‘Hoard Fund’. Ebay it man, just inacse you are feeling lost.

•  Any other money hoarding ideas that come into your mind while you read this post, are to be strictly adhered to. If you think your idea is smart enough do not hesitate to share it with your colleagues or me. Happy Hoarding.