Off Shore Banking

[riptides]

Geesh, if the nukes start falling, you really want to survive in a world like that?

Me, I am going to the light. I'll not be part of the roaches and convicts society.

 

[YanmarFever]

I always admire those that say get out of debt.
Yeah, real simple to say. A lot hader to do. I think consumers added close to a trillion dollar in debt this last quarter. It doesn't take a lot of thought to figure out why.

Staying out of debt is a life style and doesn't happen overnight.
If you don't have the money for something..... don't buy it !

 

[hitekcountry]

I always admire those that say get out of debt.
Yeah, real simple to say. A lot hader to do.

It isn't so much a question of simple or hard, it more a question of what's important to a person. If wanting to live the best life style possible at the limits of ones income (and quite often beyond), then getting out of debt could be difficult. But if one lives within their income and always pays cash then it's not hard at all. I've NEVER had credit card debt. I truly don't understand the need for it. Some people can't seem to live without it.
Of course I've had mortgages and car loans but I've always paid at least 50% or more down on a car or in most cases paid cash. Everything else I've ALWAYS paid cash. If I don't have the money I don't buy it. I believe the people of this country have been totally brainwashed into believing they have to have all these "Things" that everyone else has and they need to "have it NOW". And the other part of the brainwashing is that being in debt is normal. To me debt is slavery, and slavery should never be accepted as normal.

 

[Redneck in training]

I bought a small farm and in the worst case we can at least produce food and energy for ourselves and barter. I am building new shop where I could produce something for the farm or barter. If I have more money I would buy more productive land. It has nothing to do with potential economical melt down but with global population growth. As the world population increases there will be demand for land that could be used to produce food or energy.

One hand I am trying to invest in an income producing asset that might be expensive if inflation hits but on the other hand I am not trying to erase all my debt in hope the debt payment will take lesser chunk out our income.


I was working in India last year way away from any large city. India is relatively poor country but the land values are very high even by US standards.

 

[riptides]

Staying out of debt is a life style and doesn't happen overnight.
If you don't have the money for something..... don't buy it !

A lifestyle? Debt is not all about buying stuff.

 

[riptides]

It isn't so much a question of simple or hard, it more a question of what's important to a person. If wanting to live the best life style possible at the limits of ones income (and quite often beyond), then getting out of debt could be difficult. But if one lives within their income and always pays cash then it's not hard at all. I've NEVER had credit card debt. I truly don't understand the need for it. Some people can't seem to live without it.
....

There is that life style thing again. And oh, the dreaded credit card, yeah that is a problem.

Come on guys, while buying toys and amassing plastic certainly creates or adds to the issue of debt it is not a single cause. Not all debt is self-inflicted or due to "life-style".

 

[charlz]

There is that life style thing again. And oh, the dreaded credit card, yeah that is a problem.

Come on guys, while buying toys and amassing plastic certainly creates or adds to the issue of debt it is not a single cause. Not all debt is self-inflicted or due to "life-style".

Examples? Are you referring to mortgages etc. that are more or less 'required' for most people?

I don't have a problem with 'necessary' debt but things like credit card debt I don't have and don't want. The interest you pay on that is a waste of cash you might as well just stand in the back yard and burn the money.

 

[charlz]

And ironically enough, the biggest amount of battle packs I've got is in .308

I can see big calibers if you think life will be a constant firefight. Personally I think a big stock of .22 ammo would be 1) easy to accumulate 2) plenty for small game to put food on the table, squirrels, rabbits, birds etc. 3) just as handy for trade.

 

[forgeblast]

I just wanted to say i have had a positive experience with this company
Emergency Essentials - Be Prepared Emergency Preparedness Food Storage

The superpails of food are an inexpesive way to stock up, plus the food in there will last ~30 years.

I figure we would need, if something happened, at least 3 mts supply of normal eatting (to get us through the winter), which could be rationed to last longer.

Then its just making sure you have
seeds
a garden
fencing
tools
etc.....

My wife and I sat down and made a 5-10-15 year plan. What we wanted done on our property, what we wanted in case of an emergency, and what we wanted to increase the value of our property. Those that overlapped were put into the five year plan--fruit/nut/berries/garden/small green house, fencing, the ten year plan involved repairing/replacing structures along with improving our property/ the 15 is to stop buying some products all together and use what we make.

As a boy scout (eagle) I still have "be prepared" bouncing around in my cage.

 

[YanmarFever]

A lifestyle? Debt is not all about buying stuff.

Debt IS about buying stuff on credit

The only debt that is unfortunate is emergency medical bills.