Just curious to get some feedback here. My wife and I have a combined income of about $200k before taxes and have one child with another due in the Fall. Up until this year we’ve maintained decent savings but as of Jan 2025 we’ve really begun to feel a squeeze on our financials. We’ll be fine I think as I have a decent stack of physical silver (and by eliminating non-essential spending we’ll recoup some monthly funds) but I genuinely hope we’ll be feeling some relief soon.
How is everyone else here doing? After paying in $6k in taxes this month I’m really hoping for an end to the IRS soon :/
Pre-Covid (2019) had plans in the works for a $1.5M expansion of our bar/restaurant. Business was booming prior to 2019. Business had been in a free fall since they took away our dining room. Sales down over $500k in 2024 alone.
Over the last few years, sold cars, home, tore thru all savings. Closed biz permanently last month. 30 years of savings and hard work gone. Now living in a shitty studio apt with spouse and 3 animals. No car, no healthcare, little savings and just landed a 40 hr job for $17 per hour. Sucks. Especially when you’re in your mid 50s and staring at no safety net left, all investments sold off and very little left in savings. But What ya gonna do. Just keep swimming. Right. Currently working on a new recipe to make lemonade out of the lemons the Byden admin gave me.