Summary: Listen up and learn how to snowball your debt and get rid of it using Dave Ramsey’s “Debt Snowball” method as well as the investment <a href="http://cleversurvivalist.com/wp-content/uploads/2013/04/gold-bar.jpg"></a>strategy best used in survival.<br> Related Blog Post: <a href="http://cleversurvivalist.com/2013/04/09/how-investment-strategies-change-when-you-are-a-survivalist/" target="_blank">how investment strategies change when you are a survivalist</a><br> Discussion:<br> <br> <br> Debt, What is Debt, and How to get out of debt<br> <br> <br> Debt is a trap and money not what it used to be<br> <br> <br> Become debt free using the debt snowball<br> <br> <br> If you can’t pay cash, don’t buy it<br> <br> <br> Credit cards<br> <br> <br> Student loans<br> <br> <br> Car payments<br> <br> <br> Medical bills<br> <br> <br> <br> <br> <br> <br> Cash Savings, How to save cash and budget for it<br> <br> <br> Small attainable goals<br> <br> <br> Emergency Cash, 200, 400, 500, 700, 1200, 1500, 3000<br> <br> <br> Get rid of groupon and livingsocial<br> <br> <br> Pay attention to cheap vs value<br> <br> <br> <br> <br> Resilient Investment System, What to invest in<br> <br> <br> Stocks<br> <br> <br> Bonds<br> <br> <br> Land<br> <br> <br> Precious Metals<br> <br> <br> Cash and Bitcoin<br> <br> <br> Typical advice:<br> <br> <br> diversify (which isn’t really diversifying)<br> <br> <br> and ride out the bubbles in hopes that it will come back<br> <br> <br> <br> <br> Some less fragile advice<br> <br> <br> Tangibles: land, skills, health, tools, metals<br> <br> <br> Local community<br> <br> <br> <br> <br> <br> <br> Cash Flow, Get the Most Cash in and the least cash flow out<br> <br> <br> Make more money and spend less<br> <br> <br> Reduce your Utilities cost<br> <br> <br> Electricity<br> <br> <br> Gas<br> <br> <br> Water<br> <br> <br> Trash<br> <br> <br> Phone/mobile<br> <br> <br> Internet<br> <br> <br> Cable<br> <br> <br> <br> <br> <br> <br> Time is king<br> <br> <br> Budget it!<br> <br> <br> Financial advisors that are not trained to sell products by their institutions.<br> <br> <br>
