Wednesday, December 8, 2010

Be Ready For The Long Haul

I hope you've been thinking about my last post and making a list of your current assets and resources. I believe it's important to start with the positives, because the list of things we need to gather and improve can be overwhelming.

The trick is to take it one step at a time, of course, just like every other challenge. As you move forward toward self-reliance, you'll also be adding to your list of assets. We all have skills, talents, and networks that we forget about until they come into play.

As a next step, I suggest that you start working toward economic freedom. Someone said 'Debt is slavery,' and that is absolutely true! So long as you are in debt, you belong to the person or the corporation that holds the lien.

Rather than repeat what has already been written by others, I'm going to refer you to an excellent blog. Sound Money Matters has a list of 10 Ways to Prepare for a Depression that covers all the basics for freeing yourself from slavery.

As the post points out, there is a real danger that America will continue to suffer through the economic recession we've experienced for the last few years, and it may very well get worse before it gets better. The suggestions in the post will help you stay ahead of the game. What's more, they are the same moves that I'd suggest you use to become more self-reliant at any time and under any circumstances.

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