Just like in 2008, a lot of people are going to lose their jobs and a lot of people are going to lose their homes. But there are other forms of debt that are absolutely toxic. There are very few things that are as good at bleeding your finances as credit card debt is.
In such an environment, it makes sense to travel as “lightly” as possible. For example, according to the credit card repayment calculator, if you have a 00 balance on a credit card with a 20 percent interest rate and only pay the minimum payment each time, it will take you 54 years to pay off that credit card.
Instead, we all need to get back to the basics and we all need to do what we can to become more independent of the system. Millions of Americans lost their jobs and millions of Americans lost their homes.
Now experts all over the globe are warning that another great financial crisis that could be just as bad as 2008 (or even worse) is coming. Someday America will be such a horror show that it will be hard to believe that it is the same place that many of us grew up in.
However, that does not mean that you should not be storing food and other essentials.
In the old days, our grandparents always saved up food. This was especially the case if they lived through the Great Depression.
In fact, one out of every seven Americans has at least 10 credit cards. The truth is that in future years there is a good chance that you may be facing a situation where you are not making as much income, so you want to try to start reducing your expenses right now. Save Money A shockingly high number of American families are operating without any kind of financial cushion whatsoever….Having food stored up is a great hedge against the rising food prices that we will see in the future.No, we are not going to see hyperinflation by the end of the year like many of the sensationalists are warning.I like to describe what is happening using an analogy from the beach. In the short-term, there are things that all of us can do to weather the coming storm….When you build a mighty sand castle, it is not totally destroyed by the first wave that comes along, right? Get Out Of Debt The global financial system is headed for a massive crisis. We all need somewhere to live, and not all of us can run out and immediately pay off our mortgages.Product datasheet Upgrade Price Guarantee Compatible with Windows 10, 8.1, 8, 7, Vista and XP, 32 Bit / 64 Bit Editions New language versions: Chinese - Lithuanian - Japanese - Polski - Romanian - Spanish - Czech Update Star is compatible with Windows platforms.Update Star has been tested to meet all of the technical requirements to be compatible with Windows 10, 8.1, Windows 8, Windows 7, Windows Vista, Windows Server 2003, 2008, and Windows XP, 32 bit and 64 bit editions.When hard times come, you will be glad that you have food stored up.Plus, food is never going to be cheaper than it is today.There are some people out there that claim that the economy is going to collapse all at once and that we are going to go from where we are now to some type of a post-apocalyptic “Mad Max” society almost overnight. We are not going to wake up next week in a world where we are all fighting each other with sharp pointed sticks. So when you are talking about “how to prepare”, the truth is that it depends on what kind of time frame you are talking about.Just like anything else, an economic collapse takes time. It was the greatest economic machine that the world has ever seen, and it is most definitely in decline. The “wave” that came along in 2008 did a huge amount of damage. In the long-term, a lot of the things that even the hardcore survivalists are doing will not be nearly enough.