HOW TO PREPARE FOR AN ECONOMIC COLLAPSE... (Part 1)
The following is one of many concerns regarding how to prepare for the collapse of the economy. We can pray it never happens but we SHOULD prepare as if it will. It's happening now and has happened elsewhere.
Americans, we are NOT immune!
#1 How Do I Get Started?
When the financial crisis of 2008 hit, what was the biggest danger for most Americans?
The biggest danger was that they would lose their jobs and not be able to pay their bills. My wife and I lost a boatload in our 401k that year, you?
During the last recession, millions and millions of Americans ended up losing their jobs. Because many were living paycheck to paycheck, many wound up losing their homes, too.
You do NOT want that happening to you!
What you're about to read will not be popular with Preppers, but it is absolutely crucial advice:
You MUST have an emergency fund saved that can cover your expenses for at least six months, preferably MORE.
That way, if you lose your job or your business goes under, you will be able to keep going for a while as you figure out your next move.
It takes the average unemployed American nearly 40 weeks to find a new job, and it will likely be even worse in the next major economic downturn.
So, make sure you have plenty of cash saved up just in case - preferably cash EXCHANGED for Junk Silver (Pre-'65 silver American coins) and Karatbars (1 gram 999.9% Pure Gold Bullion, affordable and quite user-friendly)! Just ask if you need help with that. It's SO much easier than you ever imagined!
If you are currently living paycheck to paycheck, sorry, but you are extremely vulnerable.
Don't be scared! Be PREPARED!
Michael Tummillo
miketummillo@me.com
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