WHAT TO DO WHEN MONEY FAILS

 

**What to Do When Money Fails**

In the wake of the recent financial crisis, many people are wondering what to do when money fails. While there is no easy answer, there are a few things you can do to prepare for the possibility of a financial collapse.

**1. Diversify your assets.**

One of the best ways to protect yourself from the effects of a financial crisis is to diversify your assets. This means investing in a variety of different asset classes, such as stocks, bonds, real estate, and gold. By diversifying your assets, you reduce the risk that you will lose all of your money in a single investment.

**2. Build up an emergency fund.**

An emergency fund is a savings account that you can tap into in case of a financial emergency. This could be used to cover unexpected expenses, such as a medical bill or a car repair. Aim to have at least three to six months' worth of expenses saved in your emergency fund.

**3. Learn to live below your means.**

One of the best ways to prepare for a financial crisis is to learn to live below your means. This means spending less than you earn and saving the rest. By living below your means, you will have more money to invest and save for the future.

**4. Be prepared to barter.**

In a financial crisis, money may become worthless. In this case, you may need to barter for goods and services. Be prepared to trade items that you have, such as food, clothing, or tools.

**5. Be prepared to grow your own food.**

If the financial crisis is severe enough, it may be difficult to find food in stores. In this case, you may need to grow your own food. Start by growing a small garden in your backyard. You can also learn how to forage for wild edibles.

**6. Be prepared to defend yourself.**

In a financial crisis, there may be an increase in crime. Be prepared to defend yourself and your family. Take self-defense classes and learn how to use a firearm.

**7. Be prepared to work together.**

In a financial crisis, it will be important to work together with your community. Share resources and help each other out. By working together, you can overcome the challenges of a financial crisis.

The financial crisis has shown us that money is not always reliable. By taking steps to prepare for the possibility of a financial collapse, you can protect yourself and your family from the worst effects of an economic downturn.