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Friday, July 17, 2009

5 steps to avoid getting caught with your pants down during the Great Depression II

Author: Nomad

The global financial situation is grim. Prior preparations are the key to your ability to endure an eventual collapse of our global economies. Without this prior preparations your only hope will be to rely on the same corrupt organizations that got us in this mess in the first place. Namely are governments.

I have prepared a quick list of 5 steps you can take NOW to avoid the embarrassment of being caught with your pants down when the end of the economic world as we know it finally arrives.

Track your spending and cut the fat. The majority of people are spending way more than they earn. A truly sad tale of this whole experience is that most people do not even have a clue as to how much they are actually spending. You should track all of your spending for one month. This way you will be able to identify patterns in your spending habits. After you have identified your habits it is just a simple lesson in self control to eliminate your bad habits. Spending controlled, problem solved.

Eliminate Clutter. Take the time to go through your closets, garage, basement and attics. Evaluate every item you come across against your ability to use the item for survival. If it will not aid you in your efforts, sell it and use to money to purchase items you actually need. If you can't sell it try to either trade it, donate it or give it away. The key is to make room for the stuff you truly need.

Systematically acquire what you need. Create a master list of items you need in order to survive. Inventory your possessions and develop a shopping list from the master list. There are numerous places where you can acquire items at discounted prices. From brick and mortar establishments like Walmart, Salvation Army and good will to the cyber-world of EBay, craigslist and freecycle, persevere until you find what you need.

Stock up the Pantry. Shop wisely. Use coupons. Purchase items on sale. Purchase more food than you can actually consume from week to week. Always mark the date of purchase and the "use by date" with a permanent marker. Rotate your stock using the first in, first out method which allows you to always use the oldest products first. If you come across an item in your pantry that just doesn't seem right, throw it out. Never eat anything that doesn't look right or smell right. It will do you more harm than good.

Top off all fuel tanks. Make sure your fuel tanks are always full. Regardless of the type of fuel you are using top them off whenever possible. During a crises, fuel becomes nearly impossible to acquire. Be sure to add fuel stabilizers and anti bacterial solutions to all storage tanks.

By following the 5 steps presented here you will ensure that you and your family will be able to endure the worst conditions possible. You will always stay several steps ahead of your neighbors who, more than likely, will not be any where near the level of preparation required to survive the worst.

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