Wednesday, 19 August 2009
One of the best ways not to get caught in the trap of negative equity is not to buy at the top of the market. Given that no one - admit it - has any idea about markets, a more realistic way is to so love the place you live that you don't want to move any time soon. Buying for love is also a pretty good guarantee that someone else will love it too, a good insurance against falling markets.
There is a parallel here with jobs. Dominic Lawson points out that the demographic timebomb - the fact that there won't be enough people to earn the money to pay all our pensions - will dwarf the impact of the credit crunch by about 10 to 1.
There is a solution to this one too. Find a job that so absorbs you and that so enhances your life that you don't need to retire. Working beyond retirement age is going to be a reality for most of us and in any case, it keeps us healthier and happier. And despite the recession, the opportunities for reinvention continue to abound.
The fact is both the opportunities and the need to find meaningful work have never been greater, so what are you waiting for?