June numbers are in, and it was a cheap month thanks to our summer workamping gig. Check out our RV Road Trip Budget Expense Report for June 2008 You’ll see in the “Fuel” line item, that we went over budget. But those costs were actually from May, when we had to go to Salt Lake City to get our Motosat dish worked on.
We haven’t spent one single dime on fuel since we got to Lake City. We arrived with a half tank, and we’re trying to see how long we can make it last before we have to drive 55 miles one way, to Gunnison, the nearest town where we can do some real stocking up. Diesel fuel here is $5.01/gallon.
I’ve Got More Faith in My Mattress than The Stock Market
Meanwhile, we listen to NPR’s economy report every day, and just cringe. And today, when I reconciled our retirement funds statements, I wanted to cry. What little money we do have tied up in mutual funds has been whallopped. At this rate, we’re going to be working to support ourselves till the day we drop dead. Jim thinks I should stop looking at our statements for a while.
A long time ago, I asked our retirement planner, “Why should we have faith that the markets will keep growing? Why should we believe that there isn’t going to be some big calamity that will wipe out everyone’s savings?”
She assured us that putting our money in mutual funds, instead of under our mattress, is a much safer bet.
The markets will always have ups and downs, she explained, but historically, they always grow. Stay in it for the long haul, blah blah blah.
Well, we’ve been in it since the mid ’90s, and the interest we’ve gained in the last 10 years is nothing to what I’m guessing the average multimillionaire’s checking account earns in interest in a single day.
Sure, chances are that the interest we’ve lost in the last few months may come back eventually. But what if it doesn’t? What if the worst economic predictions about peak oil’s effects are already happening, and this is just the start?
We think perhaps the time will soon be at hand when we need to get some rural real estate, build a compound, and hunker down for the impending post peak oil, economic collapse. Hang on to your hats, it’s going to be a bumpy ride for all of us.