FROM WAGE SLAVE TO INVESTOR
Most of us are wage slaves. A few are well off wage slaves. Some are slacker slaves with low aspirations and a reduced need for income ( but still a wage slave ). The majority are middle class wage slaves. No great wealth, nothing fancy, but a comfortable existence. And the ability to help out their children achieve the same dream to the best of their ability. The economic reality dictates most of us live like this. Only the smallest percentage of people in our society have the means to live off of investments. The rest are wage slaves. We must continue to work until the day we die and all of us are only a few paychecks from insolvency. Whether you make a hundred grand a year or merely fifteen, your paycheck is spent before you make it. Almost no one saves money anymore due to deteriorating living standards. And those that do are asking to be taken to the cleaners because of inflation.
So we are all wearing a pair of golden handcuffs. Well, some are wearing brass plated, but you get the point. We are held hostages to our paychecks. There is very little we can do to change this. Even successful independent businessmen are subject to the whims of the economy ( to bring them customers ), which are manipulated by the bankers and politicians. Those hippies growing all their food on their farm still must pay taxes and raise money for trade goods. To be above the need for a paycheck, only the super wealthy need apply. So that rules all of us out. The only thing we can do is to minimize the danger of a paycheck being interrupted. Never a 100% guarantee, just going a step further to be a bit safer. Just like the rest of your preparedness supplies. It does not void the dangers you face, it just minimizes them.
First and foremost of course is your storage food. The first thing a missing paycheck will impact is your grocery shopping. With a mortgage you have several months before a repo begins. With an apartment you have prepaid your last months rent so you have a little leeway there. But you need food. Stock up on it. A grain and legume diet is so cheap, even after the recent doubling, that if you don’t have a stash of food you are a hopeless case and belong with the rest of the flock. Six months of rice and beans is under a hundred bucks. Add in another thirty or so with cooking oil and some multi-vitamins. Just a few pounds of grain or seed for sprouts are needed. Anyone can afford this. Perhaps you can’t duplicate six months of regular groceries but you can eat healthy cheap. Defense should not be neglected. As the economy worsens crime will soar and you need to protect your savings and investments.
We have talked about a junk piece of land, as well as a used trailer. This is incredibly cheap homeless insurance. But more importantly it allows you to stop paying rent for the rest of your life. This will be very important as unemployment surges. Even if things limp along semi-normal, it will be needed when you retire and your Social Security purchasing power has been deflated towards near useless levels. Also, try to get a small, part time business started. You know what you can do. Use your talent to offer a product or service cheaper than anyone else. When we are all living in Hillaryvilles even a few bucks in income might make all the difference. And don’t forget cheap consumables. Visiting Wal-Mart and the dollar store regularly and stock up on consumables. Toilet paper, soap, mouthwash, toothpaste. Shampoo, light bulbs, matches. Candles, cat liter, pet food. Stock as much as possible, then rotate it. First, you have needed supplies after the paycheck stops. More importantly, you can stop buying items when their prices go up and wait for a sale to buy again. This protects you against shortages, both physically and from paying a price premium. The same way you have a deep freezer so you can buy meat on sale.
Last, buy some precious metals ( for most of us this means silver rather than gold ). This is a wealth preservation tool. The buying power of precious metals remains unchanged. The buying power of paper currency allows decreases. This allows you to have a means to buy the bare necessities. An ounce of silver will literally feed you for a month on a bare bones food budget. So you don’t need a whole lot of ounces to have an emergency food purchase plan ( this is outside your disaster food preps ). All of these steps take your paper dollars now and put them in items that will decrease your need for future wages. They are investments, not consumables. They forever decrease your need for wages. Every dollar you invest gives you a return. The food and defense won’t decrease your need for a paycheck, but they will allow you to survive on less once you lose the paycheck. A land and trailer purchase will immediately pay itself back and allow you to earn less the rest of your life. A business if successful will even allow you to stop working for someone else. It is still a paycheck you need, but it is a more secure form. But all share the benefit of being investments rather than a reoccurring cost that needs a paycheck to support.
Investments are not pensions or 401(k)’s. These can be looted and devalued. Investments are what you do to decrease the need for outside wages.
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