Well, finance is a thing that attracts a number of
people; we all feel affection for money and always desire to get some extra
amount in our wallet. However, economics does not permit it easily and we face
certain sequences due to which we lose our wealth. In modern times, especially
in USA, the dollar is fluctuating very dynamically, sometimes it is helping
American economy but sometimes it is screwing it. Therefore, the main question
arises, how we can survive the death of the dollar, when a number of factors
are influencing economy. Here, we will discuss all of that:-
Many signals are representing that the world is
leading towards a huge fiscal collapse. The paper money on which we are
depending so much is trailing its value with the time. What is going to happen
when this paper money will be worthless? Can we purchase goods for ourselves?
Can we afford shelter for our family? There are many factors like inflation,
unemployment, population explosion, global warming, terrorism, migration, etc.,
that is responsible for the economical drawbacks. The biggest and most recent
economic disaster occurred in USA was in 2008, when trillions of dollar were
vanished in few hours. This was, called as “The Great Recession”; American
economy is still trying to overcome that setback.
We have a stupid routine of spending and spending, but
we do not endeavour to save and invest. This leads to the migration of wealth
from a nation and if we want to survive the death of the dollar, we have to
build a goal towards financial independence and move towards no loan or no
credit card mentality, if we can achieve that then we have a great chance of
surviving this economical catastrophe. Well, how this will affect common people
like you and me? The idea is very simple – the prices of our necessary things
will go up, cost-of living will increase and quality of the food and drugs will
diminish. The unemployment is a bigger issue and if this sustains, the stature
of jobless people will have a horrendous mark. It will exceed than The Great
Depression period. The healthcare will
be costly and out of the reach of common people, as people would not have the
money to pay their staff and they have to drop many one. The home rent will be
as high as the land owners will try to cover their losses that they met in
other sectors. In short, when people would not have the money to pay the rent,
lesser homes will be accessible. The summary is dollar will be same but its
value would be, decreased and rates of every utility like roof on head,
clothing, feeding and drinking would be exorbitant.
Hence, is there any way to survive that or not? If
every key has its own lock, this situation has a solution as well. The
preparedness of some disaster is, known as “prepping” – so to prep this
economic disaster you have to construct some revolutionary changes in your
lifestyle.
It requires very
less things and very less cost of money to exhaust. You have to know what your
basic monthly expenses are as how much you spend on water, food, medical care,
necessary hygiene supplies, shelter (including lights, transport and
sanitation) and other miscellaneous things. If you examine all of them properly
and start to think, above of all of that is a thing of luxury for you. You do
not need to but iPhone every month and you do not need a Porsche, they are
worthless for you. You need to invest some amount in some division that is
going to offer you surety in the tough time.
If you can put aside several hundreds of dollar every
month, believe me! You are doing a great help to the nation. You need to know
the art of saving and by the help of learning this art you can endure an
economic blunder. When you are buying a house try to locate it in a small town
rather than selecting an apartment in a big town. If you have an old vehicle,
get a new one by removing that from your garage as older vehicle costs so much
every year for service and maintenance, so save the money! The big problem we contain
is that we rely so much on credit card rather than actual money, stop it, as it
is a lending system and you have to pay interest on every penny you spend. You
have to stop eating outside and rather than cook at your place for your family,
it will save massive capital. If people start focusing on the habit of saving
money and investing, we can survive the economic disaster anytime.
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