Keep your financial situation protected and prepare for economy changes to survive economic distress or collapse.

How to protect your finances in an economic downturn

·        Develop a budget and stick to it. Track your spending, set financial goals, and adjust your budget as needed.

·        Pay off debt. Use any extra money to pay down high-interest debt and keep credit card balances low.

·        Buildup your emergency fund. Make sure you have enough money saved to cover unexpected expenses.

·        Consider refinancing. If you have a mortgage, look into refinancing to get a lower

·        Look for ways to save. Cut back on unnecessary spending and find ways to save on groceries, utilities, and other bills.

·        Invest wisely. Look into low-risk investments and diversify your portfolio.

·        Monitor the markets. Stay informed of economic changes and be prepared to adjust your investments accordingly.

·        Don’t panic. Don’t make rash decisions with your money out of fear.

Understanding Recessions

August 17, 2023
When the economy takes a downturn, it enters a phase known as a recession. A recession is a significant decline in economic activity that lasts for a sustained period.
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Preparing for Economic Concerns

November 2, 2023
In times of economic uncertainty, the responsibility of an educated prepper becomes paramount. The fragility of financial systems and the unpredictable nature of markets call for individuals to take proactive measures to protect themselves and their loved ones.
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A Survivalist's Guide to Fear-Based Financial Markets

December 14, 2023
Survivalists in the financial realm need to be prepared for various seasons—some marked by fear and others by greed.
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Preparing for Economic Collapse

January 10, 2023
Economic distress comes and goes, some bouts are felt harder than others. However, no matter the number of experiences one has with it, just hearing the word "recession" or "economic collapse" can cause the hair on the back of your neck to stand up.
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