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616-If Missing One Paycheck is a Problem For You, You're Behaving Stupidly
Welcome to radical personal finance a show dedicated to providing you with the knowledge skills, insight and encouragement, you need deliver rich and meaningful life now. While building a plan for financial freedom in ten years or less money. Ms joshua. I'm your host. And today, we talk about making sure that you are not behaving stupidly with your money. So that you will never be in a position of slave who lives in fear of losing a single paycheck. We begin with a short excerpt from this morning's program of morning edition on National Public Radio air, travelers are used to flight delays and cancellations because of the weather maybe mechanical problems. Well, it soon might be the partial government shutdown that is disrupting travel new planes are not being certified to fly security screeners and air. Traffic controllers are working unpaid. Here's more from NPR's David Schaper in Chicago have here Chicago's O'Hare airport. Standing next to one of the large seat. Not eighty scanners. It's essentially a CAT game for your checked luggage. And the TSA officers who operate this machine. They're here at work lifting the heavy and sometimes odd shaped and overstuffed bags onto the conveyor belt to go through the machine. Even though come this Friday, if the shutdown continues, they won't get paid. And that presents a severe financial hardship for many of these officers. I've been here sixteen years. Plus, I am a single mom Christine vitality. The security screener at O'Hare with the son in college. She's trying to figure out how she'll pay his tuition, and I just bought a house. I'm not going to pay my mortgage a lot of the officers. They live paycheck to paycheck. Janice, Casey is president of the union local representing TSA employees in Chicago. And she notes that you're among the lowest paid, federal employees. Some average thirty six to forty three thousand dollars a year but start only in the mid twenties and for some TSA workers in their families the situation. Could get dire rather quickly. If there's no check on the twenty six I have no idea what we're gonna do 36-year-old. You cinders husband is a TSA officer in Portland, we're not using your last name because she fears. He could be fired the two kids a six month old girl in a boy turning four of the end of this month. Yes. Into says, they are planning to buy a few presents and decorations to celebrate. But now they can't Iraq do electric Bill is to our cell phones are now past do you soon to says her husband's hiring by the TSA three years ago helped lift the family out of poverty? Now, she fears the shutdown. We'll set them back and scared, and I'm trying to be okay. His can't be fat everyday mitch's heavy stressed out because it affects how I parent, you know, my husband's stressed out to and you has to go to work and deal with it at work. And you know, he's knows he's working for free, which is ridiculous. Even more ridiculous cinde says that he came home the other day with instructions on how to file for unemployment while he still working forty hours a week. And the situation is not much better for higher paid essential government workers like air traffic controllers at the very high stretch job. And you need to be on your game at all times mic divine is with the national air traffic controllers association in Boston. And he says the shutdown is forcing controllers to make tough financial decisions and it weighs on them heavily. There is a concern that has viscose on that that the human factors aspect of this shutdown. We'll take a toll on the psyche and the concentration level of our members. And they do the best job that they can't each and every day nearly twenty percent of the F as ten thousand air traffic controller that's enough. You get the point of this particular report. Now, don't worry for a moment that today's show will have anything to do. Do with politics. The extent of my political commentary is this. It's ridiculous that the United States of America is going through a so-called partial government shutdown is ridiculous that the government of the United States is dysfunctional. This is just simply an expression of the same dysfunction that has been going on for years. And as far as I'm concerned, you can expect it to continue and get worse. It is ridiculous. Not political commentary done. You don't have to worry for the rest of the show that will talk at all about the government shutdown. What I'm gonna talk about is you if you are living in fear, and you're managing your money in such a way that the loss of a single paycheck. Which if you're a government worker is almost certainly a temporary postponement of a single paycheck. If you are living that way, you are behaving stupidly. You are managing your money stupidly. You are acting and living like an idiot. Stop it. Don't be stupid. Now, this is your first government shutdown, and you are eighteen years old. And you just got your job last week, and your mom just died from cancer your dad just went to prison, you graduated from high school, and you've just got your job making twenty two thousand dollars a year. And you're still broke. I'm happy to extend to you as much sympathy as you need, I'll buy groceries, I'll lend you money to get your rent through. I'll help you out and all of your neighbors on every side of you will do exactly the same thing. So we'll every family member. So we'll anybody in your community. They will get you through. But if you are a government employee, and you're freaking out about the postponement, the temporary postponement of a single paycheck. This should be a giant slap in your face to recognize that you are living stupidly. You're managing your money like an idiot. Now, if you are not a government employees don't all of a sudden think well, I'm gonna save because I'm not a government employee. It's especially bad for government, employers, employees, what number of government shutdown is this in the last couple of years in the last five years come on this at this point. It's it's it's a habit. And if something happened the first time, the very first government shutdown then maybe again. Hey, well, maybe I didn't never know. This was possible. I thought I was working for the government. I can't be fired. I can't be laid off. I'm just going to collect this Jack. Everyone says it's a great stable job after all the US government backed by the full taxing authority of the United States. Okay. Maybe you maybe you were in a situation where you thought that you were totally safe, but come on do you not read a newspaper. Are you not aware of the fact that a government shutdown as signaled months in advance? Did you never conceive that somehow the politicians who have been using this as a standard operating procedure for resolving conflicts for the last increasingly again, and again and over the last few years. Did you not think it might happen again? Why are you not paying attention to what's in front of you? Now back again, if you're not a government employees. Do you not recognize that making payroll is tough for most employers? Do you not think that it could also be you working in the private market? You might miss a paycheck your employer might be late. Many employers all across the United States of America when they go into the week on Monday. They don't know how they're going to make payroll on Friday. I don't know the percentage, I I don't know any way we could find out the percentage, but I do know that the number is many. I've talked with a lot of business owners. I have been that business owner trying to figure out how do I pay? How do I make my payments? You face as a non government employees, an even bigger risk than a government employee of not making you're not being paid this week or next week or whenever you're next payday is. And here's what's worse at the current stage of the collapse of the US American financial system. There is almost no possibility that the government workers who are currently furloughed and currently not being paid will not actually be paid. It is almost inconceivable that this particular phase of the financial problems that the United States is in will not result in everybody being paid back pay. That's always what happens or so it's happened. So far in these particular situations, the government workers always get their money. They'll be paid the backpay. Once the problem of the conflict comes to an end once congress passes their budget and spending resolutions, they will be paid. Now will that be the case in five years twenty five years? I don't know. I wouldn't be so confident of it if it were twenty five years from now, but in today's world that is almost certainly the case, which means that all of these people who are facing the loss of one of their paychecks. We'll eventually be paid. But for you, a private sector employees. You have no such guarantee. You may show up for work on Monday morning, and there's a chain around the front door of your office over the weekend. Your employer filed bankruptcy. Are they gonna pay you your back pay? Are they going to make the paycheck? Happens all the time. The answer is no or if it is there's no certainty of it like the government employers have that virtual certainty employees skews me had that virtual certainty. You don't have that virtual certainty, and if you do get paid it'll probably be quite a way into the bankruptcy proceedings. Feel free to file your claim with everyone else. The point is we are all vulnerable to disruptions in our income. Now think with me for a moment about how utterly ridiculous. This particular. News story is a first of all. Indulge me for a moment. I find a very hard time. Have such a hard time hearing employer. Sorry reporters. Try to engender sympathy by describing that somebody's job is hard. After all these TSA employees have to lift heavy and odd shaped packages in boxes and luggage through the machine. What did you think the job was? That's your job is picking up heavy suitcases that people's belongings that they're trying to get through the airplane. Why don't you feel the same sorry for the people who calling them? It's a ridiculous. That's why you hire people. Who know my job is to pick up heavy things or the the the the workers in an a air, traffic controller. Oh, it's a stressful job. Of course. It's a stressful job anyway continue back to money. We live in the most of us the predominant audience of the of the radical personal finance base in the United States, America. Okay. Missoula the people profiled in the story live in the richest country. Not on the continent. Not on their side of the world the richest country in the world. Not only the richest country in the world the richest country in history. There are all of recorded human history. There has never been as wealthy and affluent a society as the United States of America. We live in the richest country in the history of the world with an economy that by all objective metrics is doing better than it's ever done. Unemployment rate is extremely low employers all over the place are hiring people stock market is mostly up with a short exception over last few months. Consumer confidence is decent. Living at the height of a boom. The height of an economic financial boom. So you live in the richest country. In the history of the world and a great economy, and you are managing your money in such a way that you can't make it a single paycheck. If you are doing that, you are acting stupidly now stop. Tot- show you in just a few minutes. I'll show you how to stop behaving stupidly. But the first thing that you have to do is recognize that that's what you are doing. It does you know, good to blame your problems on a dysfunctional congress. Arana president of the United States. You can blame their problems on them. You can talk about the dysfunction that's going to happen because of them. But it does. No, you know, good to blame your financial problems on them because guess what? They don't have financial problems the members of congress. They don't have financial problems. They're managing their money in such a way that they're not dependent on their incomes. So you should do the same thing. And this is not hard. Here's what's utterly ridiculous. You have had time to figure this out. Let's talk about the two ladies profiled in the story from this morning's National Public Radio one of them. A single mom has worked for TSA for sixteen years. According to the report this morning. If you have worked at a job for sixteen years. And you are putting your child through college. And you've just bought a house. Do you not have ample opportunity to have saved money? You've had a steady job for sixteen years or the same for the thirty six year old woman profiled with two children. Her husband was hired three years ago. You've not been able to save a few thousand dollars over the last three years. That is crazy that is a crazy way for you to live. And if you continue living that way, you will always be a slave to other people's decisions, and you will never achieve even a modicum of financial freedom. You will never achieve even a little bit of financial security. You're telling me you have worked a job with a stable paycheck for the last three years for the last sixteen years, and you haven't saved five or ten thousand dollars. That is called being foolish. That's called behaving stupidly. Now, I hope you notice the fact that I'm using adult language in this podcast because adults face the facts and admit and recognize when they're wrong and change. And that's your job. So if you now recognize that you have been behaving stupidly that you have been handling your money in a crazy way. I'd like to give you some suggestions in some advice that will help you. Number one, pay attention to what's happening around you. Pay attention and gather all of the information that you can gather about things that will affect you. Don't be stupid. So as to not even collect a little bit of information about what's happening. This is the most absurd in the fact, if you work for a government agency, it would be slightly understandable. If a Volna Rable employees showed up to work on Monday morning who works for a private small, family owned enterprise and finds the doors chained on Monday morning, that would be understandable. Because after all how it a low level employee dockworker a warehouse worker, how would they know what's happening financially with that employer? That would be hard. I so I would understand that. But you when you work for the government of the United States where all of the information. Nation is not only publicly available the entire fiscal situation of the United States of America is publicly available. You can read the Congressional Budget Office reports just like I can so not only is the information available, but the information is reported day in and day out. You don't even have to buy a newspaper. You don't have to pay for an internet connection. All you need to do as walk by the front of a newspaper stand and see what headlines are above the fold. A government shutdown is telegraphed weeks and months in advance. And if you are so naive as to have missed the fact that this is now a regular bargaining tool. Among politicians, you're doing it wrong. You are being ignorant. You are willfully ignoring information that affects your life. Stop it pay attention to what's happening. Pay attention to what's happening at your company pay attention to what's happening in your industry. It should be no surprise whatsoever to you when your employer declares. Hey. By the way, we are getting out of the business. We're declaring bankruptcy because you should be paying attention to what's happening in your industry. If you see the fact that the that the the warehouse that you work in is I'd alling machines constantly that there have been several rounds of layoffs. If you see the fact that your town is dying that your industry is falling apart pay attention to that and expect to the fact that you are going to be out of a job. If you notice that the economy is starting to do poorly and the unemployment rate is starting to pick up. And there are new unemployment claims being filed constantly expect to the fact that you could probably lose your job. And that's the time to start preparing. Pay attention to what's happening around you. How can you be an adult and be so naive as to miss the fact that the government shutdown his imminent? Pay attention. Now, you say, well, I don't know what to do. Maybe you were paying attention. You expected it to happen. But you didn't know what to do. We'll stop right now where you are. Take out a piece of paper write down all of your bills, right down all the money that you spend. And then say if I had to live on half the money I have now. How would I make ends meet? What would I do make that plan today? No, I'm serious. Stop what you're doing. If you've never done this stop what you're doing. Hit pause on the podcast. Take out a piece of paper write down your bills, right down your expenses and ask yourself. How would I live on half the money that I have here? What's your plan? Seriously. If you haven't done it, stop and do it. Because you need to have a plan long in advance of a situation like this. Here's what happens people don't plan. They don't think they don't pay attention to what's happening around them. Then all of a sudden the worried about the fact that they might lose a paycheck, which I'm not actually sure I need to go and look in figure I don't know that anyone's actually lost a paycheck yet. We're thinking that particular story. It was published on January nine two thousand nineteen. But the the second woman just cinde who was being interviewed talks about. You know, we were going to have do bills being due on the twenty six, and what are we going to do if we miss a paycheck on the twenty six I think that that would have been recorded back just prior to the Christmas vacation. So I don't think this is quite linked up with the actual facts. But regardless the point is people don't they haven't thought about situation. That is such a juvenile approach to life an adult pays attention to what's happening around them. Looks at the things that might happen and makes a plan. Now, your plan must be unique to your circumstances. For example. Let's just send a mentioned that her cell phone Bill is now passed to her cell phone Bill and her husband cell phone Bill is now past do. Now. Should you pay your cell phone Bill when you don't have any money? What pens if I were working as a real estate agent? And my cell phone was how I earned my income paying my cell phone Bill would be one of the first things that I would ever pay. But if I'm working for TSA, what need to have in my say that I'm working for TSA and my daughter needs a life saving medication. She needs insulin dependent cell phone Bill will be gone immediately. So that I can keep the medication coming in to keep my daughter going. Now, if you don't have an insulin dependent daughter, of course, your your circumstances are going to change. But nobody's coming to save. You. It's your job. So pay attention and think about what's going to happen. You will have to go through your list, and it yourself about what you would cut and how you would do it. Now, the most straightforward thing that you can do right away. Even if you don't have any money, you don't have any savings, the most straightforward thing that you can do is to cut expenses and cut expenses like a crazy person. Don't goof around with this stuff and wait cut expenses, like a crazy person. Let me give you some suggestions. And let's walk through some specific scenarios. Now, some expenses are hard to cut, for example, just in dimension that she doesn't know how she's going to pay her rent. Well, that's the hardest because moving is expensive and figuring out where you're gonna live and cut your rental expenses. These are all difficult now in this situation. This is easily solved, and the fact that you are a government worker, and the reason for your job loss is plastered all over the newspaper and all over the homepage of every site on the internet. So it should be relatively simple for you to go to your landlord. And explain to your landlord that look I work for the TSA. They've sent this nice little letter home with me telling me how to negotiate with people that don't have the money to pay. We are going through a government shutdown. I'm gonna lose my paycheck this month. And I'm not going to have enough money to pay you. Now, I understand that. You can go ahead and start filing foreclosure of vixen procedures against me. I would ask you for a little bit of leniency, obviously, the political pressure. That's happening across the United States of America is going to be brought to bear more and more on the houses of congress and the executive branch of the US government, and what has happened every single other time that this particular tactic of negotiation has been used is as soon as a spending Bill is passed. We're paid all of our backpay, so dear Mr. landlords since I've been a good tenant for you. Would you consider please working with me? And I will try to pay you just as very soon as I can. Now, it's hard for me to imagine a landlord who would not be open to that conversation. I can't imagine a landlord who with appropriate documentation of the fact that look here's my paycheck from the TSA. Look, here's my letter that they sent home with me. I can't imagine a landlord who is saying who would say, okay, I'm gonna kick you out right away. Now, if you're a private sector employees that'll be a little bit harder for you. If you've just lost your job. You've just missed a paycheck. You don't have all of those bargaining tools that a government employee has you can't take today's newspaper in and talk to your landlord. So that'll be a little bit harder. But changing your rent or your mortgage is the most difficult circumstance to be in. There are other difficult bills to change, for example, if you have a car payment, that's a hard Bill to change. Now, you could call the lender, and you should and have the same kind of discussion. But it's harder to do that. But many of the other bills are just a matter of you making a change, for example. Let's say that you can't pay your car insurance Bill. Well, it's time to park one of the cars and move pull the insurance off of it. Or it's time to park both of the cars or the only car you have and pull the insurance off of it and take the bus to work for the next couple of weeks. This is a short term thing, and you can ride the bus to work for the next couple of weeks. You can get a bicycle you can peddle it down the two miles to the bus stop. You can get on the bus pay them their dollar thirty-seven take the bus to work ride your bicycle to the office. You probably should have done that a long time ago. And you didn't do that. That's why you don't have any money to get you through a single paycheck. But now it's time to get on your bicycle park. Your cars and drop the car insurance that will save you money. A bicycle is a very effective form of transportation and your city has a bus system use it get rid of your car insurance that also by the way, we'll help you get rid of your gasoline expense. And if you can't ride your car around, you'll probably spend less money, which would be helpful. Now what else can you do? What else can you cut? Well, you don't need a cable Bill. You don't need a satellite. TV bill. You don't need a TV Bill at all. You don't have time for entertainment because you're not getting paid. So you might want to continue working for TSA right now. But you also need to go and get a job. So you don't have time to sit around and watch TV, cancel your cable. Cancel your satellite. You say, but I have a contract that was stupid. Did you not think about that? Why would you sign up for a contract committing yourself to making a series of payments over the next two years when you don't have any money to make those payments? Turn off the cable turn off the satellite turn off the internet. If you can't pay your phone bills. Get ready your cellphone, turn it off. So we'll have a contract there. That was stupid. You can get as much phone access as you need in the United States of America. If you're not getting the free system under the federal phone housing allowance popularly known as a Bama a Bama phones. But of course, the program was enacted under President Reagan. So obviously, the Obama phone is just a kind of a rather rude partisan slur, but you can get even if you pay for it. You can get phone access for five or ten dollars a month. Deasy easy, you can install free apps on your phone and use your neighbors internet access to make all your phone calls. So this would be a good time to learn about how to do that. If you can't pay your electric Bill. I concede that you shouldn't have your trinity shut off. I concede that. But you can shut off every light in your house. You can unplug your TV. You can turn your thermostat to a more energy efficient number whether your heating or cooling you can put on a sweater. If you're in the cold country, you can go outdoors spend more time outside and let your kids play at the water park or put the hose out front. Keep them cool during the day. This is not abuse. This is called normal life and US American sit around and pretend like well. I'm just a victim of the circumstances. I'm a victim. I can't take too hot showers a day. My children will roast if we have to set the thermostat above seventy eight degrees. They will just die. We can't put on sweaters. Do you know how bulky and uncomfortable a sweater is? It's ridiculous. Stop digging so many showers cut your water Bill turn off your sprinkler. Whatever you have to do do it to get your expenses as low as possible. That will help you can do that right away. Even if you have no money now what else do you do? Look for help. Just cinde. I think it was just cinde in the in the in the. The NPR report says why think it's ridiculous that my husband should go and file for unemployment. Yes. It is ridiculous. It is utterly and completely ridiculous. So is the idea that the US federal government is going to be able to pay all the money that it's promised that was also ridiculous. And yet you believe that. So yes, it is ridiculous that you should go while working forty hours a week for the Transportation Security Administration that you should go and file for unemployment that is ridiculous. But what's also ridiculous? The fact that you wouldn't go and take money from the federal government when they're saying here go and get money from this particular federal agency after all your behind on your rent. You can't pay your electric Bill and your cell phone Bill is passed do. So yes, it is ridiculous. But it's also ridiculous for you to not go and file for unemployment because then you could pay your cell phone Bill. You can pay your electric Bill, and you're gonna make a partial payment on your rent. So it's ridiculous at that entire system exists. The whole thing is ridiculous. But don't be an idiot and ignore your situation. Go file for unemployment take the money. And now guess what you'll have free money when the US federal government pays you back all your back pain. In the meantime, you have money to buy food for your children. So they're not screaming all the time because they're hungry. You know, it's ridiculous. Do you know how many mothers all around the world? Worry constantly because their children haven't eaten in days. Thankfully, a lot fewer than a couple of decades ago, but many of them. Been there. I've seen them you can walk down to any one of your neighbors and say my children are hungry. And your neighbors will say hop in the car, we're going to the grocery store. You don't have a thing in the world to worry about. Every mother in the world should be so fortunate. You can go to any church in your area and say, my children don't have food. We don't have food. Can you help? And you'll be overwhelmed with generosity that has shown to you. There are government run and financed and subsidized food banks in your town where you can go and get food. Go get them. They're there for people who are in need you live in the richest. If none of those things to work go and start going through dumpsters. Go start looking on the trash pile and you'll find plenty of food to feed your family. I'm too proud to do that. Well, that's your problem. There is so much food available. That having food for your children. Is not a problem. Stop whining get to work. Don't talk about how unfair it is. Recognize the fact that your mother was right. Life isn't fair. Go file from employment. Take the money and use it wisely on the bare essentials if you cut expenses, and you file unemployment you'll have enough to keep things going forward, especially if you negotiate a couple of big Harry payments like your rent now, if you can't pay your son's college tuition. What do you do you go down I to the college, and you say to them, look, I work for the TSA. Here's today's newspaper. We can't pay the money because I'm not getting a paycheck. Are you willing to work with us? And guess what? They'll say, yes, we're willing to work with you. Because you're going to get your backpay. Don't pretend like you're never gonna get paid. You're going to get your backpay. So they'll work with you just go and face, it tackle it and solve the problem. Now, if you're a private sector employees, there's no guarantee you're going to get the back pay. So what do you do you? Call your son, and you say son, I can't make the tuition payment. So either you have to make it or you need to quit school and get a job. That's what you do. It's simple. What else could you do? Well, if you have time. If you didn't just lose your paycheck. You could try saving money. It's it's a time honored way of basically, not being broke. And the way that you do it is you don't spend all the money that you make. So what you do is. When you get a paycheck. You don't spend all that money. You save some of it. And saving means. You don't spend it. So that means you take money, and you move it somewhere else where you can save it and not spend it. That's how you save money. Now, sometimes is hard because you wanna spend money, but you look, and you say do I have any money and you recognize no, I don't have any money. So I'm not going to spend it, and you don't buy it. There's kind of a good skit on of all places aturday Night Live that you can go and find out this financial advice. It'll help you. Just go on YouTube and search for Saturday Night Live credit cards, and I think it will come up. So if you just don't spend all your money, then you'll have money. Now, here's what's cool. If you to save a little bit of money like, you know, I'm your ten percent. A mere ten percent of your income. Every ten months, you'll have an extra month. I've expenses which means that if you have been working for thirty six months by the end under cintas husband who's been working for three years for the TSA. If you've been working for thirty six months, and you've only save ten percent of your income. That means that you now have three point six months of income saved. Now, it's cool about that is your actual expenses are lower than your income. Because after all you're saving some of your income. So that's probably at least four or four and a half months of current expenses. Which means that if you do budget cuts as in change, the thermostat, cancel your CV Bill and all the rest of the stupid expenditures that you're doing you could probably live on your savings for six months or eight months, and if you have unemployment coming in and you go down to the food Bank, and you get some food. You could probably live for ten months now when you live in the richest country in the world. In the richest time in human history during a fantastic economic period when there's no recession. There's no depression. There's not high unemployment don't you think it's reasonable that. If you're working a job, and you've been working there for three years, you could least of saved. He's five ten thousand dollars. That's how you avoid being a slave to your job you save money. And then when you have savings when you don't get a paycheck. You can pay for the things that you need. Here's what else I'd recommend. You should always stash stuff that you need to live on. So you should have plenty of food in the pantry at least a month released a couple of months of food in the pantry. Because can you imagine the pain of having look at your children and say, no sorry. You know, two year old your four year old could could understand. You look at your four year old and say sorry. We don't have any food because mommy and daddy didn't think to buy some extra groceries in case someday. We didn't have food. Obviously, your six month old is not gonna understand that language, but your four year old. Will you magic how absurd that is? Can you imagine looking at your four year old and saying no, we're sitting here in a dark apartment with no lights on because I bought an iphone? And I'm paying a hundred twenty dollars a month for unlimited data plan. So I can watch Instagram stories, but we don't have any food in the house because I didn't think to buy some extra groceries. This is not strike you as a little bit here responsible a little bit absurd. This is why you stash the stuff that you need. If your daughter's on insulin. You should have. And I'm using that because it was in the news stories, but because that's the kind of thing that is the most difficult situation for a parent, but if your daughter's on insulin, you should have a refrigerator with as much of the stuff stored as you could possibly get your hands on because what would you do if you didn't have an income, and you couldn't go out and buy insulin to keep your daughter alive. Of course, obviously with insulin. You also need a generator and fuel to make sure that your plan to make sure that you can keep that insulin. Colds doesn't spoil on you. But no doubt you've already gotten there. If you are dealing with those kinds of things, but the point is think ahead store food store. Water store gasoline for your car. Save money stash cash. And then you're not living on the razor edge. Do you know what it's called? When you're employing doesn't pay you a paycheck. It's called normal life. The idea that somehow everyone just sits around and the money flows. In sugar keeps on giving is a very vanishingly unique era in human history. Normal life is poverty hunger, cold death disease. That's normal. Normal. Life is bankruptcy broke companies broke governments that's normal. The opposite of those things are unusual. Now, I think there's every reason that things could continue on very, well, there's no reason why you have to live broke while you have to be bankrupt. While you have to deal with death and disease all around you can change. Recognize that normal life is not just money flowing in food flowing in and free cell phones flowing in. Won't last that much longer. Which brings me to this. Now, you scape? This stuff. Goertz better. Why would you keep working for a federal government that can't even pay its own bills? That is not a good long-term plan. Why don't you? Go work for somebody who will pay your bills. Is it well because they're going to give me a retirement someday? He so sure about that. Have you checked the funding level of your pension plan? How's that working? That would be a good place for you to start. Now don't think you need to do today. Don't next month or whenever you'll start getting your paychecks. Again. You get all your back pay. You can go payment to your landlord, but win that money comes in don't behave stupidly with it. Don't spend it all. Rather keep your expenses low get rid of any debt. Keep your budget at those low levels until you can start to stash cash make sure that you don't sign up for those contracts that lock you into expensive lifestyle. Start developing other streams of income develop a household business. Build up a back source of income. Then start looking at your pension plan. Ask yourself the question. Hey, how long is this thing actually gonna keep going? And walk away. From a bad employer. Can't even make your who can't even pay its own bills. Go find a better one. At least if you're gonna go through difficult situation. At least learn the lessons necessary. As the old axiom says fully once shame on you. Fool me twice. Shame on me. Government shutdowns are nothing new. So if you got fooled by this one well shame on the US federal government. But if you get screwed by the next one shame on you.
Radical Personal Finance