Episode-65- The Modern Financial Survival Mindset

Well the market dove 777 points but is up 260 points already today.  The bail out failed and many folks are wondering what they should do to prepare for a possible recession or depression.  The answer is form and act upon a modern survival mindset in all walks of life.  Today’s show will focus on the financial aspects of doing that, however it will apply to all forms of modern survivalism.

Today’s show is the longest one ever at over 50 minutes but it will teach you the proper mindset to build, preserve and strengthen your wealth, in fact it will even redefine the meaning of the word wealth for you.  Tune in today to learn…

  • Why the market dropped and what it means for us
  • Why it is recovering so quickly
  • Why now is not the time to panic nor bury your head in the sand
  • The definition of “survival” and how that should shape your daily life
  • Why you must cut expenses now
  • Why you need and should take up my challenge to keep an expenses journal
  • Another lesson on the debt snowball and why you should get on board with it asap
  • The hard question “what do you really want” and why you must answer it
  • Thoughts in increasing income and what 100% of additional income must go to
  • Defining your true needs
  • Why your should understand the economy but not be afraid of or ruled by it
  • How to calculate your true wealth and what wealth really is
  • True diversification of your money involves a lot more the the market and funds
  • Investing in hard goods and life style vs. just investing in paper
  • The “mutual fund scam” and how it is used to prop up the market

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show.

5 Responses to Episode-65- The Modern Financial Survival Mindset

  1. Richard Gillis

    Thankfully I have reached the wealth that you refer to in your podcast. Three years ago, I sold my house and property in an urban area of central Texas, bought a 60 acre farm in west central Texas, and built a 24’x16′ cabin on that farm. I collect rain water from the roof in a 1200gal. tank, have a stand alone solar system that runs a 10cu.ft. refrigerator/freezer,tv, computer, microwave oven, a pressure pump for the water system, and other basic house hold needs, but no air conditioner.

    I have a 350gal. LP gas tank for the 5 gal rv type water heater, kitchen range, and a small space heater. The main source of heat is a wood stove that I do most of my cooking on in the winter. After I moved out here, I sold my 2004 Nissan Titan 4×4 that I still owed $16,000 on, quit using credit cards, substituted a debit card for online purchases and the like, now drive a ’92 Dodge one ton 4×4, that I bought for $2,500, a ’95 Land Rover Discovery that I bought for $1,200 and a new 150cc scooter for $1,299ttl. With no more major expenses. I live on $1,050 SS a month and the small income that my farm and custom hay bailing make with no problem.

    If you would have told me five years ago that I could live on that amount of money, I would have said it wasn’t possible, but I’m living the life of Riley and enjoying every day.

    Sincerely; Richard Gillis

  2. We are working on cutting way back – it began a couple yrs ago w listening to Dave Ramsey. We immediately subscribed, bought his books, etc – and realized that as Jack pointed out the message was always the same. Good, simple and effective, but once you have the idea down, well.
    Anyway we are on a mission to cut non-essentials. Dish tv – gone. Eating out – cheaply and infrequently. No more 20oz soda when I buy gas (they are 1.49 now – unbelievable). OK I am desiring a G23 but hey, its going to just have to wait. (sigh)
    Our retirement $ are in safe harbor – no confidence in govt to solve this economic mess. Jack’s comments on Pelosi echo my thoughts exactly. Un-freakin-believable that these people are in leadership at all. Sorry I digress.
    More efficient trips to town – multi purpose everything – don’t buy new when used will do.. I filled my 1000 gal propane this summer, bought wood and should be ready for winter. But today now I chipped a tooth eating popcorn – dang, this will be a trip to the dentist and another bill. 🙁

  3. I really liked this podcast. I’m a day behind in listening to it, but I’m glad I did.

  4. I’m also changing the way I and my family live. Paying off last credit card bill (Wife got a little crazy with them). Using only debit card or cash. Taking light rail/bus/bike to work few days/week. Eating out much less, growing some of our own food, planning on getting chickens and bees. Making my own bread with a breadmachine I bought from Craigslist for $20. Cutting down on netflix usage, not signing up for cable. Some stuff done, lots to do.

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