Note: This article is part of a series on personal preparation to help you answer the question, “What should I do?” Our goal is to provide a safe, rational, relatively comfortable experience for those who are just coming to the realization that it would be prudent to take precautionary steps against an uncertain future. Those who have already taken these basic steps (and more) are invited to help us improve what is offered here by contributing comments, as this content is meant to be dynamic and improve over time.
Graduates of the Crash Course series emerge aware that, economically speaking, the next twenty years are going to be completely unlike the last twenty years. This invariably leads to the question, “How do I prepare financially?”
We have entered some truly treacherous investing waters, where we must question everything and accept nothing, even (and especially) the base assumption that any given currency, be that the US dollar or euro or Yen, will retain its value. Is a ‘double-dip’ recession coming? Nobody knows for certain, but all the warning signs are there. Our view is that it’s best to start thinking about preserving and protecting your wealth now, while you still have that opportunity. The bottom line here is that you should not be taking your cues from what your neighbors seem to be doing, but instead being sure that your own house is in order.
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