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[bobf <bobford79 AT yahoo.com>]

Yes Cathy, those are the basic rules.  Though I would edge them up a bit to 
include such activities as buying rental properties at a modest price at a 
fixed rate of interest to provide income stream, once the other rules are 
satisfied, as an example.  Or not having to feel reposnible for competing 
against those who, though unqualified, were given the largesse of the fedearl 
gov't to do the same.

I used that example because I have never owned rental properties.  But it is 
an example of where a hard working person with adequate handyman schoool 
smight have invested his 'after expenses and debts' money to provide for his 
family extra income, rather than invseting in the riskier markets, though, 
once again, without manipulation, people who invested modestly in the markets 
are not to blame for the manipulations of politicians and their favored 
classes.

Some of us were worried enough to hedge with financial vehicles to take away 
most of the risk.  The vehicles did not work properly once the gov't (where 
the politicians have beem bought by special interests) intervened in the 
markets and changed all risk/reward ratios.

But, yes again.  Your rules are the primary rules................

p.s.'good to hear from you again.  I hope you have had a fun holiday season, 
so far, in North Florida :-)

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--- On Mon, 12/29/08, Cathy <goosecreekfarm AT gmail.com> wrote:

> 
Work hard, be frugal/live modestly, buy with cash, spend less than you
make, donate to charity, plan for inevitable expenses, set aside for rainy
days, buy/pay off the house, save for the future.  Should you have the good
fortune to have enough to invest, remember that the stock market is a gamble 
and invest prudently.
> 
These are the rules I learned.  If I had followed them instead of flaunting
several of them, all other things being equal, I think I'd probably be
pretty well situated for the mess we're facing.  Are these the rules you're
referring to?
> 
> Cathy
> _______________________________________________