I’ve been following Chris Martenson’s list of recommendations on what individuals and families can do to increase their resilience in the face of an uncertain future. Protecting wealth is a controversial subject. The experts are divided into camps. Inflations and deflationists each have strong opinions about what might happen. All agree that the future will bring many challenges and that one best take steps to prepare.
Martenson’s approach is a middle of the road plan that is worth reading in detail. His first recommendation (Getting out of debt) is the key. It’s not an easy thing to accomplish but can be done.
This blogger tells his story of how he eliminated $125,000 of debt in two years.