Posts Tagged ‘food storage’
Where Should You Place Your Money If Hyper-Inflation Happened?
There is a lot of financial uncertainty in the world today. Countries are overwhelmed by debt and are attempting to get out of debt with more debt. Not all Americans are experiencing tough financial times. Many of us are financially prudent and have savings for that rainy day.
If an Economic Collapse were to happen, if hyperinflation happened to the US dollar, what would be the best investment to have? If the money we have in savings were worthless, then what investments would be of worth to us?
Stocks – Stocks represent ownership in something, if that business remained vibrant, they could maintain or increase in value. It is possible that once the monetary system were stableized again, this ownership could be transferred into valuable cash. Chances are, the businesses whose stock we own would also struggle during an economic collapse.
Bank Savings/CD’s – The paltry interest rates being offered for savings in banks, money market accounts, and CD’s is almost worthless right now. It actually losses money when you take into account inflation. The tricky thing is that in the economy today, money isn’t even really money. It’s not even tangible, but actually an electronic number we have faith in. If the dollar and economy collapsed, our current savings would do almost nothing for us, we might not even be able to get the money out of the bank.
Gold – People have been drawn to gold since the beginning of human history.. Gold has always been coveted. Many economic blogs and videos are recommending Gold as solid investment. Over the last decade, gold has held its value better than the stock market. Because of the recent rapid increase, gold might see a bubble of its own. Gold’s advantage is that it is physical, and can be in our possesession, locked up in our own homes. But, if an economic collapse happened there would be very little demand for jewelery.
Real Estate – Real Estate could be a pretty good investment in the event of hyper-inflation. Hyper-inflation rewards debt, and punishes savings. If hyper-inflation happened, it might be very easy to pay off existing real estate mortgages, thus giving you a free and clear asset. In addition, shelter is a basic need, and will always be important. properties] will offer a way to earn residual income..
Food – The surest and safest investment in the event of an economic collaps is with food storage. Having food and water will always be an essential part of life. Food storage will not only help sustain your family, but would also be a valuable trading commodity in the event of economic collapse.
We can hope and pray that our nation will find a way to avoid economic collapse, but just to be safe, right now is a great time to get prepared with cheap freeze dried food storage.
Why Food Storage Should Be Part of Your Financial Plan
Have you ever been out of work for a week, a month, even longer? Wouldn’t it be nice to only buy foods when they were on sale? Do you wish you had a stockpile of grains now that the prices are getting so high?
I have the answer for you and it is called food storage! I’m a big Dave Ramsey fan, and food storage to me is similar to his concept of an ”emergency fund”. You have a smaller, short term food storage and once that is built up, you start working on your long term food storage. Both types of food storage can be financial advantageous to you.
Short Term Food Storage
Your short term food storage consists of getting a three month supply of foods that you eat on a day to day basis. Once you have this in place you can start to grocery shop from your food storage and only replenish those items when they go on sale and/or you have coupons. This is a great strategy for lowering your monthly grocery expenditures since you can buy most of your items at huge discounts . On top of saving a few extra dollars on your grocery bill every month, you can also have the comfort of knowing that the food will be there in case of a true emergency . For example, my husband took a pay cut for several months and we were able to spend less than HALF of our usual grocery budget for those months because we had stockpiled so much of our everyday foods.
Long Term Food Storage
Your long term food storage consists of getting a year’s supply worth of life-sustaining foods that have a long shelf-life. You probably won’t be rotating through this food as much since it will be items such as wheat, white rice, dried beans, powdered milk, etc. But since the shelf life is so long you can gradually purchase the items when they are on sale and work up to a year’s supply. If you only have to replace some things after 10, 15, 20 years it will not be a huge damper on your monthly budget. Once you get a little bit ambitious, you can start to actually cook with your long term food storage items which will save you money in the short term as well.
Homemade bread is significantly cheaper than store-bought, especially if you own a wheat grinder and grind your own wheat. Making other items from scratch such as muffins, pancakes, etc. can also save you money over buying packaged items. Having some of the staple foods in storage is very beneficial in hard economic times when other people are frustrated by the inflated food costs. Prices will most likely come down before you deplete your stores. And finally if a major disaster, economic melt-down, or other long-term emergency were to occur, you can feel confident that your family will be able to survive without purchasing basic food or water for quite some time.