NO!!! THIS IS NOT A RUSE TO SELL YOU A GODDAM THING! I AM NOT FLOGGING A BOOK OR A FINANCIAL SERVICE. YOU COME IN, YOU READ, YOU LEAVE – THERE ARE NO HIDDEN OFFERS OR SCAMS. GEEZ!!! THIS IS JUST A BLOG, A REAL BLOG – NOT A COMMERCIAL RIP-OFF.
This post is about YOU. Yes, YOU and how you can minimize the impact the Stage IV economy will have on you as it goes into its death throes.
In case you haven’t guessed; I am in the import/export business. Global freight forwarding/supply chain to be precise. In other words, I have the scary opportunity to predict what lies ahead for us. As an example, freight forwarding showed the economy taking a nose dive a full 2 years before the…offal hit the propeller blade. And the band aid solutions put into play by governments are doing what band aids do – falling away. The continued exodus of money and the rats on our economic ship are not only fleeing, they have, for the most part, fled. We don’t sell things anymore, we buy ’em. Think about that…how will we buy things in the future, if we have nothing to sell anymore?
So here’s the deal – it ain’t going to get any better, not now and not in the foreseeable future. Not here at any rate. Oh life will be far easier for our brothers and sisters in the poorer nations as jobs previously held by us, are opened up for them. You know, I can’t help but feel a little happy for them. No one should live in the crushing poverty we, inadvertently, created by not sharing and distributing our bounty when we had it. S’going, S’going..it is almost gone.
Now to the minimizing the adverse impact that is about to knock us all into reality:
- List all the luxuries and I mean luxuries from a survival standpoint; cell phone, speed of light internet access, cable/satellite services, the number and type of vehicles/financing. Count the credit cards and the amount owing, add your amount owed to a mortgage, add any personal loans in there as well as property/water/garbage and any other municipal taxes. Now, your NET salary – the money left to you after paying for your heat and your food. This little piece of reality should suck the breath right out of you.
- Now, you will probably lose your job in the future. Or, you will see your hours and your salary cut, drastically. How will that impact your ability to pay bills, to pay your rent/mortgage, and taxes? If the impact is drastic, then you need to move fast. All non-essential services should be cancelled. You can live without cable, without a cell and without speed of light internet connection. If you lose your house due to your financial position, it won’t really matter anyway right? So get rid of them now and try to funnel that money into paying off loans/credit cards.
- Take a long hard look at your grocery buying habits – it’s time to get rid of the convenience foods. You will need to start purchasing foods that you actually need to cook. It is cheaper and you can create more than one meal. Money saving and in the long run? Far more time saving.
- Look to your toiletries and cosmetics; non-essential. Stop it!!! You don’t need Oil of Olay products at $45.00 a little jar. The make-up is non-essential and in a year, you would be floored if you actually calculated the amount spent. Amounts that should be handled like an adult and flipped over to pay off dept. One jar of that cream or brand cologne will not only help pay a part of that credit card monthly balance but it can also buy food for you and/or your family.
- If necessary, consider selling your house and at least one vehicle. Yes, things are that serious behind the curtains put up by the financial wizards and government toadies. Rent if possible. You will not be responsible for property taxes and there will be no mortgage. Your dwelling and its operating expenses will be someone else’s problem. And what about your retirement nest egg, the one that is all wrapped up in the potential equity of your home? When the economy goes down for the third time? There won’t be anyone to buy your home and therefore, there will be no equity on which to retire.
- RRSP’s? A gamble created by the government, a great way to tax you every which way but Sunday. Close ’em down and find a way to increase your funds on your own. Investing offshore is what the big guys are doing. If you aren’t comfortable with that? Then sock it away in a savings account or under your mattress.
- Establish what you need to exist. Shelter, food and water. Establish what you could afford if you were suddenly thrown out of work. If your salary took a major cut. Do you have a marketable skill? Can you turn a hobby into something that can, conceivably be bartered later on? If not? Learn one.
- Go back to the basics of your ancestors. Read history and try to learn the skills that they used to survive.
- Learn how to cook and preserve. Try to do for yourself as much as possible.
- Turn off the damn computer and put your house in order. Understand where you are financially and find ways to hedge your bets against the inevitable implosion about to hit.