xmlns:og='http://ogp.me/ns#' "You just bought what?!" ~ The Prepared Guy

Friday, January 29, 2016

"You just bought what?!"

"The world financial system is collapsing and you just bought an ipad!?" I recently said to my wife.  Granted, she did buy a very lightly used one and got quite a good deal.   Wait!  Just smack me upside the head.  I don't care how good of a deal it was.  There will be a day very soon I fear when she will wish she had that money in her pocket instead of that outdated electronic.  For me, that day is today.

Right now, at this very moment in time, is when you should't spend even a dime on anything that isn't absolutely necessary; that does not increase your level of preparedness.

January has been the worst opening weeks of the stock market, ever!  The bond markets and currencies all over the world are crashing.  Commodities are crashing.  I personally can't see any positive news concerning the economy anywhere.

So, what should you be doing with your 'extra' money?  Well, that's for you to decide.  My kids won't even listen to me.  They have to learn for themselves, and so did I.  I'm sure that's the case with most everyone.  Nobody likes to be told what to do.  Especially not me.

That being said, I'm gonna tell you what you should be doing anyway.

First, don't spend a dime on anything that isn't absolutely necessary.

Second, get your money currency out of the banking system.  Cash out your 401k and close out any money market accounts.

Keep some cash at home, under your mattress if need be.  Obviously you'll need some cash in the bank to pay bills.  Keep that to a minimum.

Turn your fiat, counterfeit US dollars into real money and buy silver and gold.  Precious metals and other hard assets are some of the only things that will retain their value in a currency collapse.  I believe that not only will gold and silver hold value but this time they will skyrocket in value, especially as measured in US dollars.  When this happens, be ready to trade them for more supplies and pay off debts.

Invest in solar and wind power for your home.  Incorporate back up batteries into the system.  This kind of system will benefit you in two ways.  You'll cut down your power bills as well as create a back up power system in case of an outage.

Perform any home improvements that you have delayed such as a new roof or adding insulation to your attic.  Make your home more secure by adding locks and security films to the glass.  Replace the carpet with laminate or hardwood flooring.  Replace light bulbs with LED bulbs and upgrade your old inefficient appliances with newer, more efficient ones.  Add a wood burning fireplace/stove.

Build your food and water storage to last up to one year or more.  Purchase water filters and methods of water purification.

Purchase hand tools that would take the place of the power tools should electricity become unavailable.  Hopefully you already have basic hand tools like screwdrivers, hammers, hand saws, etc. but also consider purchasing a hand drill, hand planers, chisels, axe, hatchet, shovels, etc.

Stock up on everyday supplies so that you have multiples of everything.  This should include items like toilet paper, toothpaste, soap, cleaning supplies, medications, vitamins, and the list goes on and on.

Basic Essentials.  This list can also go on and on and would include items such as matches, lighters, batteries, flashlights, sleeping bags, tent(s), medical kits, hiking boots, jackets and other outdoor clothing, backpack(s), etc.

Guns & Ammo:  You MUST have a way to protect and defend you family and preparations. If not, then you must be prepared to run away and possibly lose everything.

Payoff Debts:  Although you may think that if there is a financial collapse that our personal debts could be wiped away.  Don't count on it.

There will be an extended time while utilities and other services are still available but everyday life will become much more difficult.  Resources will become scarce and crime will be the norm.  It will then become too dangerous to go to work or even go to the store.  You must prepare now, before it becomes too difficult.  Don't waste a dime on anything that isn't absolutely necessary for you to adequately prepare.


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The purpose of this site is to provide you with information about what I have learned, my experience, and what my motivations are as a Prepared Guy. I have always felt driven to be ready for any situation by something powerful deep inside me. Being prepared has always served me well. I feel compelled to help others do the same.
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