The economy

November 25, 2008

There is no doubt, things are scary out in the world today. The entire first world is in trouble with issues that hearken back to 1929. Are we there yet? No. Will we get there? I don’t think so but then neither did the people who experienced the Great Depression.

One thing is certain, those that have lived simply will be better prepared than those who have lived the great American tradition of spending, buying, and accumulating goods if we do experience another economic meltdown of the proportions of a depression. Why? Those who live simply don’t have as much debt because they didn’t buy as many things. They typically have smaller homes with a reasonable mortgage or no mortgage at all. They may grow their own food and therefore are prepared to provide if the economic meltdown mimics the late 1920 bank runs where money simply evaporated out of accounts.

It isn’t too late. One of the best ways to prepare for economic crisis is to choose simplicity over abundance. If you don’t know how, look for my Wednesday posts where I publish each step to guide you into the simple life.

Even if they manage to pull the economy out of this nose dive, we can all benefit by simplifying our lives and will be better prepared for any economic crisis that comes our way. 

Subscribe to an RSS feed of this blog.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: