My expert advice to Tim Geithner

Tim, Tim, Tim. You've been throwing around a lot of scary words like "disaster" and "hardship" and you seem a little tense. Don't freak out. I know things are looking pretty dark right now, but I promise, even if you've got to default, you'll get through it. I had my very own economic disaster not too long ago that threatened not only my economic future, but that of Citibank, Chase, my landlord, the electric company, ATT my hairdresser, doctor and dentist and guess what? We're all still here. You're a babe in the woods when it comes to financial hardship, so let me guide you through this.

Tap dancing as fast as you can
First your creditors will start calling. They'll leave a recorded message asking you to get in touch for personal business.

Don't call back.

Try to drag this out for a week or so until the phone calls become so insistent, you spend most of your time cowering in the corner, shaking like a whippet . You may consider throwing yourself from a ladder when the phone rings in the hopes you'll break your spine and be able to sue your creditors for causing the accident. Don't do it, it rarely works.

At one point, you'll realize this can't go on and you finally answer the 10th phone call of the day at 9AM. You'll probably get a recording either asking you to pay by phone or online immediately. Hang up and continue not answering your phone for another two weeks.

Now the phone calls should be coming about every 5 minutes from 6AM to 10PM both at work and at home. The only way you'll find peace is to talk to them. Getting really drunk is the best way to prepare yourself.

Expect to wait on hold for anywhere from a half hour to a millennium before you reach a human. When you do, tell them you mailed the check last week. Blame it on US postal service cutbacks and casually mention you'll talk to President Obama about firing the head of the USPS (a little name dropping never hurt).

Ask them to wait until Friday and if they still haven't received it, you'll cancel it and send them a new one. That buys you another week and a half.


Desperate times call for desperate measures.
If after this grace period, there's still no resolution on the debt ceiling thing (or they've reached the wrong one as far as you're concerned), start by trying to work something out with your largest creditors. Remember, the Chinese and Japanese Secretaries of the Treasury are just a regular guys like you, trying to do a job. Don't get mad at them. It's not their fault. They've got bills to pay too. They doesn't want to cause a global economic meltdown any more than you do. Weeping often helps.

A show of good faith can sway some creditors. Show them you're doing everything possible to pay them back. If you don't have the $110 trillion minimum payment on the due date, send what you have, even if it's only $100.00.

Offer them some sort of barter deal... you'll do odd jobs like their laundry or gardening at an agreed upon hourly rate, which can be applied to the debt. Get serious and have the Congress and Senate help. It will give them an opportunity to do something meaningful and truly serve their constituents for a change.

Sure you'll all have to work a little harder, do a job below your education and experience, sometimes at little to no compensation. But you've got to be willing to work a little harder in these trying times. Look at it as an internship program that allows you to learn an entirely new skill. Maybe you'll discover your true calling.

If all else fails...
If you're having problems getting your creditors to cooperate. Maybe it's time to engage a credit adviser/debt counselor.

Sure, a lot of these companies are non-profits that employ advisers who haven't even graduated from a reputable university and have never worked for a Fortune 500 company. Don't worry, their advice can't possibly worse than what you're getting now.

Of course, there are some organizations that only exist to exploit human misery (you may be lulled into feeling like you're working with a bank). That's why reading the fine print is all-important. Don't treat the agreement like your income taxes or TARP...be diligent!

Most of all, remember It's not like it's the end of the world if you're forced to default. Take it from one who knows. As long as you have your health insurance, you have everything.

Unemployed? Unskilled? Unqualified? Your New Career Awaits!

You've tried to ignore all the dire job reports, but it's not working. Small businesses keep closing. Large businesses keep outsourcing and replacing people with technology. How will those lost jobs ever come back?

You're starting to think you may have no other choice but to go back to school, work hard and learn some new skills that will be viable in the new economy. That sort of attitude will get you nowhere except the poorhouse. Education and skills are best left to blue collar workers and immigrants.

Fortunately, there's a boom happening here right under your nose (if that's where your TV remote is). If you get on board now, you could be set for life, or at the very least, 15 minutes. Yes, I'm talking about reality TV.

Reality TV is among the few things left besides financial derivatives and high fructose corn syrup that's still being produced and consumed voraciously in the US. To the modern American, reality TV is what the WPA was to the struggling masses in the 30s (without the socialist government intervention).

There are 800 reality shows out there and more going into production every day. One of them is right for you.

Getting that first gig


Study the casting calls to determine which jobs will meet your immediate needs (ie: cash, free craft services, lodging, a vacation, attention, a nanny, a mini facelift...) I made the mistake of getting addicted to inhalants in order to get a spot on Intervention only to discover they don't pay their addicts (for ethical reasons). Boy, was I bummed! On the bright side, the rehab facility they sent me to is fabulous!!! But I digress.

Once you've narrowed it down ask yourself what you really want to be doing for the next 13 weeks. Do you want to work for Diddy? Lose 500 lbs? Find your soul mate? Get a shot at love? Be Paris Hilton's BFF? Become a REAL Housewife (as opposed to the pretend one you've been all these years) and get some new clothes, a facelift, boobs and a tummy tuck? Breed prolifically? The job of your dreams is out there.

You'll need to make a short video about yourself (and your family if they're a part of the deal). Include a headshot (if you don't have one, your most recent mug shot will do). They may ask you to tweet them your resume.

If you're a woman and don't have massive boobs, don't worry, you can still get cast on a reality show. Heidi Montag started out with nothing, but used The Hills as a platform to acquire all the massive boobs she wanted. As a rule, the only mandatory requirement to get on a reality show is stripper pole experience.

Don't bother applying to MTV if you're over 18 (your IQ, I mean).

Onward and upward



When you first start a reality show, the hours and competition can be grueling. You may be asked to perform distasteful tasks like eating bugs or sleeping in a bunk bed. Hang in there! Unlike other jobs, it will invariably lead to bigger and better things.

Consider your role an entry level position to some of the best opportunities in America -- from singer/songwriter, to author, to businessperson, to designer, to product endorser to pundit to correspondent to talk show host to basketball player's wife. Heck, Wall Street is even recruiting top execs from Vegas Virgins and Face the Ace (gambling reality shows).

Establish your area of expertise, even if you don't have one. Call yourself "countess" or "doctor," "a businessperson" or "a good mother." If you say something enough times on TV, it will be true.

At the very least, you'll get a book deal. And if a whole book seems like too many words, follow the example of Kim Kardashian who was reportedly paid $10,000 for a single tweet. That's $72 a character, or $357 per five letter word. Without a reality show, she'd be lucky to get $75 for 500 words on "how to shoot a home movie" for Demand Media like everyone else.

Study the trajectory of Kate Gosselin. She has managed her career admirably, starting as a wife and prolific breeder, to Jon and Kate Plus 8, to author (and expert on raising children, to betrayed wife, to Dancing with the Stars, to a correspondent job on the E network. Now she can afford a nanny so she'll never have to spend time with her rugrats again. The woman is a genius!

Become a part of America's cultural lexicon
Entertainment has always provided escape to stressed Americans in times of financial duress. During the last depression, Hollywood transported us with masterpieces and larger than life talent. The entertainment industry is doing it again now, without talent of any size. And just think, one of the principles could be you!

Take a look at how some of those timeless performances are being reinterpreted today:

Unforgettable singing performances


Amazing dance routines


Epic love stories


New friends journey together in search of their hearts' desire.


A patriarchal figure struggles to provide a decent life for his girls.

Now, get to work!


***

Read about real housewives in France.

Champale on a tapwater budget

I don't care how little disposable income you have, sometimes you've got to pamper yourself. Whether it's a little "me time", buying yourself a luxury item, taking a mini-vacation or getting a lap dance in an S&M club, studies show that these occasional indulgences are rejuvenating and can even help with self-esteem.

You don't have to be a Wall Street executive, major sports figure, or a GOP strategist to partake in these blissful moments of pure, luxurious self-indulgence. You'll just have to adjust your definition of luxury a wee bit.

SPA TREATMENTS

Massage therapy

I learned this trick while taking care of a 21 pound cat named Ralph who gave me the best massage I ever had. If you don't have a cat, borrow one, the bigger the better. Wear something you don't want ruined (a vintage Armani jacket, or cashmere sweater for example), or just drape it over the affected muscle. It's only a matter of time before the cat will start kneading it. If you don't have any good clothing left, a piece of carpet or sofa fabric will also work. If the cat hasn't been declawed, you also get free acupuncture!

Here's another idea taken from the animal world: I've seen cats, dogs, horses and cows do it. Find a solid, well-anchored object that protrudes (ie: a fence post, doorknob, parking meter, mailbox or erect penis) . Lean the muscle or nerve that needs attention onto the object and adjust the pressure as you see fit.

Hot tubbing

There's nothing like a soak in churning hot water to melt away the stress of watching CNN all day. If you're really resourceful, you can create your own jacuzzi out of a dumpster and some garden hoses.

For those who lack engineering skills , I've found that a tub, hot water and a hand beater (or a wisk in a pinch) does the trick. It's also a great work out for the upper arms and pecs. One word of warning: although you may be tempted, do not attempt this with an electric mixer.

MINI VACATIONS

My vacation photos (4/6/10): Me next to a Bernini statue in Rome; me on the beach in Bali; me at Macchu Pichu

To me, there's nothing more restorative than a trip to a new, foreign destination.

Now that I can't even afford the fare to little Italy, Chinatown or Berkeley, I take Google vacations.

Just type in the destination of your choice and within seconds, you're there. Zoom in and it's just like being there without the jet lag, shots, expense, cultural immersion and worries about getting stuck next to Kevin Smith on the flight home.

Yesterday I visited, Macchu Pichu (without the altitude sickness), Bali, and Rome (how I love clicking down those ancient cobbled streets!). I topped it off with a visit to my favorite coffee shop in Amsterdam and still made it home in time for "American Idol."

GETTING YOURSELF A LITTLE SOMETHING

I don't have to tell you that buying yourself some small luxury item can be a salve to the battered soul of the working warrior. For some people it's shoes, for others it's electronic gadgets, for me it was lipstick. But non-working warriors need balm too.

I was fortunate in that I was able to see my crisis coming and scale back slowly, sparing me the pain of going cold turkey and the shock and indignity of downsizing too fast.

My financial meltdown in lipstick


From left to right: cle de peau $60; Guerlain Rouge G $45; Chanel $30; NARS $22; mac $14; Revlon $8; Wetnwild $1; cherry Chapstick $.69; a flattering shade of lollipop $.20; wild berries free

By studying the timeline above, you'll see how you can make the transition from Chanel Raspberry Crush to crushed wild raspberries painlessly. Find the shade of berry that's right for you.

The same principle can be applied to any type of product. Gadget freaks might start with an iPad and work their way down to another groundbreaking invention (in its time), the paperclip. Similarly, a shoe lover can go from Prada Gladiator Sandals, to Michael Kors to Steve Madden to Aerosoles to Keds to Old Navy flip flops to the drawstring from a Hefty Cinch Sak wrapped around the ankles and legs.

ALTERING YOUR CONSCIOUSNESS

For some people, all it takes is a nice cocktail, joint or little pill to take the edge off and feel like all is right with the world. But even these mental vacations have gotten pricey.

If you're lucky enough to have terrible vision like I do, I've found that removing my glasses or contacts has the same effect as two cocktails or one joint without the calories or munchies. This is also a great time to look in the mirror.

If you have perfect vision, borrow or steal glasses from someone with terrible vision. Do not attempt to drive or read the instructions on heavy machinery while under the influence.

Some people have reported that hyperventilating and getting up too quickly also works.

***

Economic indicators suggest that this might be a good time to read my blog about being broke in France.

The Jobs report

Sure, the recent employment figures don't look good. But the evidence in front of apple stores this weekend tells a different story. Unless there's a Cash for Kindles program that I'm unaware of, the economy is finally getting back on it's feet.

How else can one explain the fact that the lines for the iPad debut were longer than those at the unemployment office? You'd think they were passing out government cheese (with an apple logo on it, of course).

700,000 iPads sold in two days. Which means last weekend the American consumer spent almost $500,000,000* for a product they don't need.

We're back!!!!

* calculated on a 2008 Macbook Pro calculator application, so that figure may be obsolete)

Affordable real estate ideas for when you're ready to buy

I understand the desire to own your own home. It's the American dream. The problem is, if you have to borrow to buy it, you don't really own it, the banks own you. We've seen how that works out.

Yet some people haven't even been kicked out of their foreclosed homes and they're are already talking about improving their credit score so they can borrow to buy a new house. Which begs the question, are you insane?

If there's one thing to be learned from my own financial crisis, it's pay as you go. If you don't have the full price in hand, don't freaking buy it. If you do, you're just pouring money in the terroris...I mean, banks' pockets.

Now you're probably thinking I'm insane. Even with the declining price of homes, how the heck will you come up with the full price of a home or plot of land? It's possible, you just have to think within your means. That 4500 square foot home with a movie theater in the west wing was a little excessive anyways.

For example, you can get a nice 4x9 funeral plot for less than a thousand dollars (depending on the property and location). That's room enough for a bunk bed and you can always build on (or in) it later. Guaranteed you'll have quiet neighbors.



You might want to check and see if you've already got a plot in your family. A friend of mine discovered a family mausoleum his grandfather built and has set up residence there. All my grandparents left were urns which serve no earthly purpose except to take up space in my shopping cart.

You can also get a basic starter doghouse for only $59.00, or something as lavish as a sprawling two floor Spanish hacienda for $30,000 (rumor has it Lloyd Blankfein's dog has one of these).

Tool and storage sheds can be quite economical if you get a kit (from $150 to $500). If your tastes demand something more luxurious, consider having yours custom ordered for $1,500 and up.

If you love the outdoors and live in a warm environment, a gazebo may be right for you. You can get one with UV Guard-protected polyester taffeta side panels to keep out harmful ultraviolet rays for $274 on amazon.com. Target also has several choices, from sleek to rustic. Don't buy the first one you see. Attend a few open houses to get a feel for the market.

Happy hunting!

Assessing your real estate options

If you're anything like me, right now you're trying desperately to ignore the vague fear that you can no longer afford to continue your current housing situation. You probably keep hoping you'll get a new job, inherit a fortune, the government will intervene or that Armaggedon will strike before your next bill is due and you won't have to deal with it.



Here are a few clues that it may be time to confront the situation head on: You consider housing and utilities an either/or situation. Your home payments are eating into your insurance premiums. Your home has been padlocked and there's an armed guard at the door.

Now that you realize the gravity of the situation, you may be asking yourself "how will I find a new place to live when I have no income, cash or credit rating? Seriously, where the f*$k will I go?" Don't panic. Let's calmly and rationally go over your options.

Move in with family


If you have a parent, child, cousin, or a third niece removed who has a home or dorm room, moving in with them makes good economic sense.

For some families, it's an ideal way to bond and reconnect. I left my parents' home and moved 3,000 miles away when I was an angry teenager. Moving in with them so many years later allowed us to reconnect and let them get to know me as an angry adult. It's also given me an opportunity to understand why I'm angry.

Of course, living in such close proximity to family can reawaken old dysfunctions and unresolved issues. It may not be right for you if:

• This is all their fault!

• You have sibling rivalry with the family dog.

• The first time you heard the story of Oedipus, you thought 'woah, did Sophocles know my family?'

• At the last family Thanksgiving dinner you broke out in stigmata.

• The sound of their breathing really bugs you.

• You're off your medication.

• They're off their medication.

• You have to give the Menendez brothers credit for standing up to their parents.

It's a squatters' market!

There are already 19 million vacant properties in America. The number is rising, as "for sale", "for rent" and foreclosure signs dot the landscape with more frequency than Starbucks. It's the perfect storm for squatters!

If you're a soon to be ex-homeowner, you can always squat in your own house after the bank kicks you out. But now is a great time to trade up.

Have you been longing to live in a nicer neighborhood? Dreamed of owning a pool and tennis court? Maybe you just want a more modern kitchen or a playroom for the kids. Your dream house is out there, you just have to keep your eyes open and be ready to stake your claim before someone else beats you to it..

There are also schools, hospitals, factories, stores and restaurants that are move-in ready. It's almost like a government incentive program for people who want to start their own business!

Here are some great resources for potential squatters:
A website devoted to squatting.
Top abandoned towns
Brokers' guide to vacant property.

Become a troglodyte

Maybe neanderthals had the right idea. Most caves are larger and better equipped than my NYC apartment was, without the nasty landlord, loud neighbors and rent.

There are caves available to suit almost every lifestyle. If you can't let go of your grandmother's armoire, your 48" flatscreen or treadmill, find a spacious cave with lots of storage space. If you're trying to cut back on stuff, grab a quaint, cozy cave with built in fireplace.

They're usually sound-proof and very private, making them the choice of several rich ex-Saudis who can afford to live in palaces. Some come with fabulous built-ins, like shelves and tables (how cute would those Liberty of London mugs they're selling at Target for only $5 look on them?). Some have indoor pools. Art lovers can even find caves with their own built in art collections.

The only real downside to living in a cave is since they're often in remote locations, internet access and phone reception can be limited. Of course, this can be a plus if you've got creditors, the IRS or FBI after you.

Guide to caves in the US and cave locator by zip code.

Container dwelling

There was a time when it was considered pathetic to live in a refrigerator box or container. Now it's environmentally correct and a chic choice for anyone who lives in a city. I'm a fan of refrigerator boxes (especially sub-zero), but I'm single and somewhat nomadic.

For those who prefer a more stable home, shipping containers, dumpsters old railway cargo cars make a fine abode. I believe they may be the next housing bubble, so act now!

Remember, as demand rises, it'll become harder and harder to trade up. This is no time to settle. And when you find your dream container, grab it without hesitation. There are several people already interested in it and who knows when you'll find another one you like half as much.

If you have 100 bucks or so a month to spare, you might want to consider renting storage space in a public facility. 10x10 is enough space for a bed and mini-fridge. Not recommended for anyone who suffers from claustrophobia, it's a great option if you're broke, but really need to live in a gated community




***

Economic indicators suggest that this might be a good time to read my blog about being broke in France.