Are You ready For an Economic Collapse?

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Unless you have your head buried in the sand, you should see that an economic collapse is a very real possibility. Either it's personal, national or global, the way you can get ready for the event of an economic collapse is very much the same. Each one of us have unique circumstances to deal with, but the system are the same for everyone.

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If something disastrous happened tomorrow, how would you and your family do in the face of this kind of crisis. Would you have the basics, food, water and shelter? How long would they last? Could you survive a long term financial crisis? If the answers to these questions concern you, maybe it's time for some focused attempt to be prepared.

The first goal you should have is to get out of debt. Debt is bondage. The habits that got you into debt will keep you from being as prepared as you can be. Putting yourself on a debt elimination plan will help you not only to convert those bad habits, but it will also inspire you to do more.

The next thing you can do is begin to found a "homesteading" mentality and lifestyle. This does not have to be immoderate and can also be done in cities. Urban homesteading today is a very real and growing trend.

The idea behind homesteading is self sufficiency or self reliance. These ideas were the norm in the not too distant past. Having a garden to cut the burden not only on your pocket book, but to cut the strain on an over taxed system of food production. The Usa is a net importer of food, it does not yield the whole of food it consumes. That is alarming. Producing your own food, even in part, is a good step to get ready for the worst.

Having some chickens, which again can be done in urban areas is other great way to yield your own food. Many citizen will also take the step into manufacture their own soap, clothing, and maintain the food from their garden. It is also economical to have an extra stock of food in the pantry, at least a 30 day supply.

Holding some gold and/or silver is a good way to hedge against economic collapse. Having an whole of cash on hand is also a good idea. No one can beyond doubt tell you what is a good speculation for you, Either land, stocks, commodities or whatever. But if you look at your unique set of advantages and disadvantages, and your knowledge, you should be able to find some thing that you can invest in that will give you a return, or even prevent a loss in the case of collapse.

You can see from these examples that the preparation is basically the same for whatever level of financial disaster that occurs. The key to being prepared for an economic collapse, Either it's from a job loss or a dollar crash, is to see the need to prepare, make a plan and Take Your First Step.

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