Have you prepared to survive a financial crash or have gotten yourself ready to survive little money in a time of crisis ? Should we be even talking about this you might say but let me share a few things with you that might give you an indicator of what is really going on behind the scenes and many are not even aware with it right in front of your eyes.
Here below is todays market outlook and what it has been doing for the last week. Fox News says, ” Stock market sees biggest Christmas Eve trading declines in history. Some are saying that this is only a correction in the market and some are saying that there are some similarities of 2008 all over again.
Yahoo finance says, ” Yet, volatility is just one reason the world’s biggest hedge fund managers and leading economists are predicting a 2019 crash. Another reason is rising interest rates. ” With the recent rate hikes the Fed has implemented it is quite evident that this is hurting the markets and pushing the needle towards a recession.
This was Yahoo’s headline that got my attention and I think it will get yours too, “Stock Market Facing a 2019 Crash: 70% Correction Warning” I don’t know if you quite understand what that means but in simple terms if you are retired and have a pension it will be worth potentially 70% less according to these numbers or in better terms your dollar will worth 70% less.
This is why I recommend saving as much as possible because if this prediction is correct, we don’t have a lot of time to prepare. And according to The Financial Times, it’s about to send a massive flood of cash into the pockets of those who are most prepared Americans.
Here is something interesting I found while doing my research for this article, Millenials don’t want to talk about saving up for retirement which will be the next generation of retirees. They way I look at it is, ” the more you save the better you will be ” should something happen.
Surviving Little Money – How can you survive with little money ?
Some basic sense needs to be applied here and go back to basics. Most whom are dependent of the system and not take responsibility for their own welfare will suffer the most. The best ways of surviving with little money is by growing your own garden and fruits where possible.
For Your Cold Climate Garden: You might consider a green house if you life in the colder climate geography and recommend you use earth thermo-heating/cooling to save on climate control of your green house. By burying a six inch flexible tube under ground about 5 feet and about at minimum 100 feet long, recommend up to 300 feet or more if you have the space.
Leave one end of the tube exposed to fresh air with maybe a net cover so no crawlers can get inside and the other end of the tube goes inside your green house. At the end of the tube you will put a fan to extract and circulate the air around your green house.
In this video Nebraskan retiree uses earth to control climate inside a greenhouse even at -20 degrees.
Warm Climate Garden: Build your soil by adding 3 to 4 inches of mulch and cover with hay or wood chips and let marinate for a few months up to 6 months so the soil will be ready for planting. No need to till the soil, just simply move the hay out of the way and plant your seed directly into the soil an cover with light soil until your plant grows about 3 to 4 inches and then cover with more hay or wood chips around the plant. You will use less water this way, less weeds and better crop.
Ten ways save money – You think you can’t save money ?
- One of the ways to save a nice amount of money is by paying off your debt – Paying off your debt will save you a tremendous amount of money specially when talking about credit cards and personal loans because the interest rate can be as much as 29% interest. Make a bigger payment then minimum payment (pay the highest balance card first and the more you pay the faster you will be out of debt.
- Pay yourself first – paying yourself first should be number one on the list because you are worth what you save or acquire or inherit. Pay yourself a set amount based on your saving goals you wrote at the beginning of the year.
- Cut the cord – Yes, a little harsh but when it comes down to it you need to make whatever adjustments necessary to reach your financial goals and one way of doing this is by cutting the cable cord. All you need is internet service to watch movies, youtube videos or you could get a subscription with Amazon $13 a month and watch great movies with new ones coming out all the time. This little simple strategy can be a brave decision but very rewarding. If your cable is $100 a month this means you will save $1200 dollars a year, it might not sound like much but imagine if you did this for 5 years that equals to $6000.
- Write a list before shopping – Have you ever been shopping without a list and walked out the store with more things than you planned on buying, stores depend on this and strategically place items placed in your path so you get those two or three extra things you didn’t plan on buying. This is why writing a list and sticking to it will save you a few hundred a year.
- Ride instead of drive – If you live in an urban area that has access to public transportation it would save you potentially thousands of dollars paying a car note, paying for insurance, paying for gas, paying for tolls and spending an hour or longer in traffic being stressed out…public transportation and not having that car note will save you a nice amount of money.
- Save money by paying off your mortgage early – All that money you’ve been saving this whole time you can apply that extra money to the principle of your mortgage every month. You write two separate checks, one will go toward your regular payment and the extra payment you want it applied directly toward your principal. This will be the biggest saving by far of any other method other than investing
- Save gold and silver – This is a great way to save and secure your financial future should any financial crisis occur. I recommend gold or silver coins that could be considered as collector items. The same goes for jewelry which is another great way of saving money. Every month get a few coins of gold and silver and keep them for a rainy day.
- Install LED light bulbs – An LED light bulb can save you a few dollars accumulated over time can be a significant amount.
- Revisit your cell phone plan – Maybe you don’t need all those gadgets or data plan and could possibly save $20 or $40 a month. Shop your plan around and look at other offers and see if you could get a much better deal. Every little bit helps.
- Bring your lunch – When I work a 9 to 5 I spent approximately $10-15 a day on lunch times five days that is $50-75 a week times 4 equals $200 to $300 a month by bringing your own lunch. Could be the leftovers from the night before.
There are many ways of saving money but the important part of this equation is you. Will you be discipline enough to save money by making the sacrifices needed to make yourself financially sound.
Survive small income – making sacrifices will pay off
Growing a garden is a great way to not only feed yourself and potentially make some money by selling the additional that you don’t consume. Get and place 3-4 inches of hay over the area where you plan on planting to help retain the moisture and also help the soil condition itself to be more productive.
Surviving on a small income can be challenging but can be done. Besides growing your own garden you could cut back on some of the things previously discussed. By cutting back on some of the perks like a hot latte every day maybe skip one a week. Whatever it takes to reach your goals.
Generate an extra income by selling your produce on the weekends at the local flea market, or sell other peoples stuff online and get paid for it.
Lets talk about the money – Even though one can survive without it is convenient to pay with it.
If you can see the urgency of needing to survive a crisis or save as an investment for your future and your families future. The reality is that in the world we live in today it is very volatile to say the least. Markets are swinging and don’t know which way to go, Up or Down!
There are talks of a Government shut-down at the moment and we don’t know how it will affect the markets with the Feds raising interest rates another 1/4% last week.
Silver and Gold are at buying prices for sure, these precious metals can’t be suppressed for ever but better yet it provides a blanket of tranquility and security when having a nice assortment of precious metals. The best part is you don’t have to buy 100 ounces at a time instead buy 10 or 20 ounces a month if it fits your budget or even 5 ounces a month is a great place to start buying.
Buy Gold and Silver jewelry, the benefit of this type of precious metal is that it is considered collectible items and should not be forfeited if there is a silver and gold confiscation.
You have to think of it like this, Paper money will be worthless as the paper it has been printed on if there is market crash. To survive market crash you have to do everything possible you can to protect your finance and your family security.
There are not many places you can invest if your the small guy on the block. It is critical that you think like the big bankers and financial philanthropist that are investing heavily in Silver and Gold.
This is what CambridgeHouse.Com had to say, ” JP Morgan May Be Sitting On Almost 700 Million Ounces of Physical Silver ”
Here is what BullionVault recently published, China announced that the country had increased its gold holdings to 1054 tonnes
BusinessInsider.com published in July that Russia is dumping US debt and buying gold instead.
Do they know something we don’t ? You bet they do and they are not going to tell you until its too late if they tell you at all.
Why talking about retirement makes millennials mad by marketwatch.com
Words like market ‘selloff’, ‘crash’, ‘meltdown’, and ‘correction’ have been bandied about by traders and analysts in ways that can make investors cringe. Here’s what you need to know.
While doing some research before writing this post I ran into this great an interesting video about millennials getting upset over retirement talk because they believe that the baby boomers stole all the wealth and all the fun and they are stuck with nothing but debt. Do you believe that ? What are your thoughts ? Let us know below…thank you for visiting, Reinaldo