Quote:
Originally Posted by
R5CYA
| i'm confused. how will getting rid of our debts help us when it hits the fan or the anti-christ comes? wouldn't i be better off going into debt to aquire the stuff i need to get by when the time comes? |
For those who have the means to pay off their debts, now, and still prepare for the hard times, it will be of great benefit to them. Debt is a cruel master in hard economic times. Being in debt narrows one's choices.
For someone who is in debt, with no quick way out, accruing a bit more debt to prepare for the coming hard times, may be a viable choice.
It is a tough choice to make.
We sold our house, paid off ALL our debts, moved into a rental house, built up our preparedness, and are keeping our lifestyle simple and as inexpensive as possible. We plan on being in this situation another 3-5 years, based on the current forecasts from the economic pundits outside of gubmint control.
History gives the best lessons. Trust in the 5 Gs: God, Guns, Groceries, Gas, and Gold. These have been the tried and true preparations for the last century, during tough economic times.