Sunday, January 10, 2010

10 ways you can survive the coming economic collapse

1. Sell a small portion of your stocks or bonds and invest in precious metals like gold. If you can't afford gold, then invest in silver.

2. Hold foreign currencies like the Swiss Franc, Yen and the British Pound.

3. Invest in Tip bonds. These bonds are a great hedge of protection against inflation.

4. Start a network marketing business. There are thousands of people looking for an extra income to support their retirement. There will be more people starting these type of businesses.

5. Read books on the economic collapse like The Great Reckoning, Rich Dad Prophecy and The Dollar Crisis.

6. Stock up on food and water. If you search the web you can find various storage programs available.

7. Get out of debt. If you can't get out of debt, then file for bankruptcy. It's better to be a free man, then a slave to debt.

8. Be more frugal. Over 2 million people were laid off in 2008. The large majority of those people who were laid off had no cash reserve to live on.

9. Bank at credit unions, Instead of commercial banks. Credit unions are more stabled.

10. Listen to financial experts like Ron Paul, Jim rogers, Robert Kiyosaki and Peter Schiff.

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