Preparedness and “Economic Recovery”

I want to echo a sentiment I’ve seen on a couple other blogs recently. It’s actually one which I’ve maintained here, but haven’t emphasized much lately. Don’t let talk of economic recovery dampen your preparedness efforts.

We hear a lot in the media about economic recovery. No news story that mentions the economy seems complete without at least one mention of the alleged economic recovery. They’ll say things are bad, and that’s going to slow down the recovery. Or they’ll say things are bad, but not as bad as experts thought they’d be, so that means we’re in a recovery.

Maybe some people are beginning to free up their funds a bit, but I wouldn’t say it’s a recovery. We may see a lot worse before things ever truly get better. And who knows how many years it will be before that happens? To look on the darker side, what if it never happens?

Don’t let talk of recovery fool you into thinking you can go back to old spending habits. If you’re in debt, as so many are, keep working at getting out of debt.

Someone has said debt was unheard of with our ancestors. I disagree. Many people went into debt, but it was in relation to their businesses or farms. Sometimes they could pay it back. Sometimes they couldn’t. They lost their shirts and had to start over. Famous people in history declared bankruptcy.

The point is that past indebtedness wasn’t the unrestrained indebtedness we’ve seen in the more recent past. Anyone who didn’t practice self discipline with his money was seen as a fool. A man who borrowed to buy machinery for his shop didn’t put his lunch bill on credit. He knew debt was enslavement and didn’t take on any more of it than absolutely necessary.

If you have discretionary funds at all, you’d be wise to put them toward storage food and survival supplies. Make room in your budget for those supplies, if you haven’t already done so.

Sure, you’d expect me to say that because I’m selling those things here. But even if I weren’t, I think it’s a good idea.

I’ve said it before, but our grandparents and great grandparents had root cellars full of canned goods they raised and canned themselves.

They knew how precarious life’s circumstances can be. A hail storm could wipe out crops and pose a major setback for the year. The kids would have to get hand-me-down shoes from their cousins in the fall. That means things would be lean for the shoe salesman in town who didn’t think he’d be hurt by the storm.

On a clear day, who thinks of hail storms? Those who have been through one or who have seen what it did to a neighbor.

That should be our survival mentality. The media tells us it’s a clear day, and the sun will be out in full force this afternoon. We’re in economic recovery. But the wise prepper knows the hail storm could come at any time and gets ready.

I think financial counselor Dave Ramsey gives good advice that applies here. He says to live like no one else today so you can live like no one else tomorrow.


Click here for 25 questions pondering whether the economic recovery is real.

What’s the Number One tool of financial enslavement?


Author: John Wesley Smith

John Wesley Smith writes and podcasts from his home in Central Missouri. His goal is to help preppers as he continues along his own preparedness journey.

6 thoughts on “Preparedness and “Economic Recovery””

    1. I’d like to wake a few people up, too, which is partly what I hope to do here. On the other hand, some are never going to wake up. Others won’t do so until they see the rewards, or at least the favorable example of others.

  1. Some good advice I have heard is “Observe what nearly everyone is doing – and do exactly the opposite”.

    This served us well when we sold a Florida condo at the peak of the bubble when real estate agents told us not to sell because prices were increasing 20% per year and we should hold onto it.

    I feel kinda bad about the guy who bought it, now worth about half what he paid for it. But I would have felt pretty bad if we had chosen to keep it too!

    1. As for doing the opposite of what everybody else is doing, I believe it and have shared that here now and then. I’m glad you didn’t get soaked on the condo. As for the other guy, that’s life. He was willing to take the risk and has to deal with that.

    1. Thanks. I don’t want to be a killjoy, but we need to be aware of what’s really going on around us and stay alert.

Comments are closed.