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Thread: Preparation on a budget

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  1. #1
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    Since at least one financial industry partner has said recession is more likely, are you guys stepping up any preps? I am feeling REALLY tight right now- medical bills, kids with needs and low commissions in my industry in the summers. Just looking for thoughts and bumping one of my favorite threads on the internet...

    https://finance.yahoo.com/news/morga...154631864.html

    https://www.morganstanley.com/ideas/...bout-recession




    I REALIZE THIS HAPPENS ALOT- SOMEONE IS ALWAYS PREDICTING DOOM AND GLOOM. Maybe I just never noticed it? I have heard (first person) some thoughts from smart Real Estate people that I know that reflect a concern about a housing bubble also...
    Last edited by bignc; 06-11-19 at 11:39. Reason: added links

  2. #2
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    Quote Originally Posted by bignc View Post
    Since at least one financial industry partner has said recession is more likely, are you guys stepping up any preps? I am feeling REALLY tight right now- medical bills, kids with needs and low commissions in my industry in the summers. Just looking for thoughts and bumping one of my favorite threads on the internet...

    https://finance.yahoo.com/news/morga...154631864.html

    https://www.morganstanley.com/ideas/...bout-recession
    Not worried about a recession, but the flooding disaster in the midwest has made me somewhat concerned about food prices. I'm not in a panic, but it might be a good time to put aside some non-perishables in case some food prices skyrocket for a few months.

  3. #3
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    Great point. I'm rural here and have customers, friends and family in ag. They have been mentioning it for weeks- and it jives with what some articles out there are saying about food shortages or price increases or both... I have been slowly preparing and planting more things in containers around here and will probably step that up some. And I need to figure out how to buy a bit more staple food too- probably use many tips and tricks from this thread and others.

  4. #4
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    Take your time and prep, think long and hard about what are your legitimate needs and shortfalls. You can't eat a bar of silver. All the gear and ammo is of no help if you are ill and you need your meds. Always consider how you will handle that. For those that are seriously ill, depending on the severity of the event, if it goes past 90 days they will be done then, if not sooner. Never go broke trying to prep.

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