80/20 The Bank of Smith

I know that it has been few days since last note.  With the world the way it is I got a flash of brilliance from the CEO/CFO of the Bank of Smith A. Smith.  Hmmm, really it is common sense more than a flash of brilliance.  Get ready for the down turn and pay off all of your debts now!  It is not that I am abandoning rosy colored happy financial days however;there is practical truth to where the money goes in a prolonged downturn.

80/20= 80% to debt acceleration 20% to insurance and savings

 

SD

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