How To Get Through 1 Year of Tough Times
November 15, 2011 at 12:15 pm (PT)
The scenario: You want to get a few ideas of how you would handle ‘tough times’ for a year, if it were upon you. What should you do now, while things are relatively good, to prepare for tough times? First, let’s make a few assumptions…
Assumptions: You already have the basic needs and supplies that you need for day-to-day living, based on where you already live. In this case, our definition of ‘tough times’ will be mostly economic, e.g. someone has lost their job and money is tight (tighter), or perhaps you still have a job, but prices have been going out of control and there is turmoil (social and financial) in the streets.
FRUGAL WAY OF LIFE
The primary mode of operation during tough times is that of FRUGALITY. Actually, the time leading up to tough times should also be lived in frugality so as to enable acquiring more supplies.
Being frugal is a way of life. It is a thought process that occurs naturally whenever you are thinking about product purchases, or uses for existing or new supplies. Many people that are currently financially ‘wealthy’ are frugal themselves, and you might never know that they are ‘well off’. This is how they got there… IT WORKS. It all adds up.
Before a purchase… think… do you need it? Really? Are there alternatives? Are there multiple uses for the product? How long will it last? How long do you need it? Could you borrow it instead? Do you need to spend more for quality? (sometimes this is wise, while other times it is not) Is it practical? Lots of questions should precede any purchase.
