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Cutting down on debt would be idiotic if the currency will default. Savings in the bank would also be useless. Put the emergency fund in food, water and some m
by ebaysucks 16y ago
Cutting down on debt would be idiotic if the currency will default.
Savings in the bank would also be useless. Put the emergency fund in food, water and some metals if you have money left.
Edit: The Key is to be very practical in your thinking, i.e. what will allow me to stay home with the door locked for over a week yet is not too heavy or difficult to transport if needed?
- MarkPNeyer 16y agoRight. Why cut down on debt? If anything, you should double down and max out your credit cards 3.5 months from now.
- kls 16y agoProbably not the greatest in case things don't work out the way you expect. I agree that we are in for some real pain, but I am not confident enough to max out my cards on the off chance that it collapses hard enough that credit is of no use. Instead converting capital into tangible investments is probably a more pragmatic approach.