This is a discussion on Do you consider a financial nest egg as essential to prepping? within the Economic, Precious Metals, Investing, Finance forums, part of the General Discussion category; Nope nothing here. Like I'll be able/need to buy anything once the SHTF....
Nope nothing here. Like I'll be able/need to buy anything once the SHTF.
I know of a few people who believe being in debt is the way to be. They argue that if a SHTF event occfurs, it'll due away with all debt. When we were young and first married, we got into debt due to credit cards. After taking care of that debt, we never allowed it to happen again. Pay off the credit cards IMMEDIATELY. The only debt we carried since 1976 was our house, now paid off and 2 cars, because they had 1.5% interest deal (was less than we made on savings). As of 2011, debt free. It's a great feeling.
I feel a stash or ready cash is imperative. You never know when you'll need bail money. A SHTF event may be a slow builder and allow you time to purchase additional supplies, if you have the cash. Besides, you never know when you'll need it for toilet paper.
I really want one of these!Hidden Content
Short answer, yes.
Longer answer, I don't consider preparedness as a wholly separate activity from my normal daily living as I think some preppers do. I use money (of some form) every day, and likely will every day for the rest of my life, so it's a good idea to have some put aside for what was often referred to in the past as a "rainy day", but what today we might call "SHTF". We have Federal Reserve credits in banks, brokerages, and 401k/IRA accounts, and some US currency and PMs that is kept nearby and under our control. If I lived outside the US, I'd probably keep both the local and US currencies in addition to PMs. Not having money/currency is like betting that taxes and greed won't exist anymore post-SHTF, and I don't see either of those as likely.
Even in the worst case scenarios, or shortly thereafter, there will be trade, barter, and markets. https://apps.dtic.mil/dtic/tr/fulltext/u2/a216447.pdf
With at said, I’m betting that the US economy will hold up well enough for me to retire in reasonable comfort. I’ll finally have time to shoot all this ammo up. I’ll be able to break in guns that have hardly seen a box of ammo. I can’t wait.
Valentine's day 1898 was a care free day for America................. even for those on the USS Maine.
May 6, 1915 was a care free day for America............. even for those sailing on the Lusitania.
Dec 6, 1941 was a care free day for America............. even for those living in or near Pearl Harbor.
"Looking good" is very much relative to what you do not know is going on. When you find out, . . . it very seldom is "looking good". Oh, . . . and their "cash stash" probably didn't do very many of them any good.
May God bless,
"The clever cat eats cheese and breathes down rat holes with baited breath." W. C. Fields
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