Do THIS to Overcome Hard Times | Consumerism
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- Опубликовано: 30 сен 2024
- This is the most important thing that you need to do to overcome hard times, whether it be slow social collapse, recessions, global shutdowns, hyper-inflation, and more. Let me know what you think in the comments!
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Prepper here. SHTF is most often on a personal level, like losing your job, and a myriad of other normal things like tornado, floods, blizzard, earthquake, medical crisis, unexpected divorce, etc. Just something to consider. It’s usually not grand dramatic events, just normal life BS.
Exactly! 100% with you on that
debt doesn’t matter when people are eating each other 😂 love the perspective. Our imagination can run crazy, being debt free is what we can control. Your videos have helped me rethink my everyday purchases in order to save money. I stopped buying paper towels and paper plates hahaha so far been ok without them
Glad you've found value in these videos :) . I've had a few purchases like that too - where I stopped buying the item and soon found that they weren't as necessary as I had thought. Always appreciate hearing from you!
Really excellent video!! Especially your conversation about debt. A conversation that absolutely needs to be had more! Thank you for sharing Spencer
Thanks Damon - appreciate the comment buddy!
Your videos are so much in alignment with my own life philosophies. Frugality and reduced dependence on technology is the kind of content I'm looking for on youtube, so your videos are a must watch and they are a treat for me to see on my feed! Thank you 😊
Thank you for the kind words :) I'm glad you enjoy!
I like to think debt, even small ones, low interest, low value ones etc all have a "weight" that you carry even if you don't notice it. Its always there in the back of your head when going asleep, when thinking about buying something, when worrying about anything, when you're not worried about anything. It's always there.
It's a great privilege to not have this weight on you as a person and I think it's worth aspiring to achieve.
Agree. I've been in debt before- paying rent out of my overdraft, maxed out credit card, luckily it wasn't worse. But even that modest debt took years to turn around. I now don't buy anything on credit, i have savings and I only use my credit card to hire cars and book holidays/flights. Only debts I have now are my phone contract (which I'm nearly paid off) and my student loan, which doesn't count in the UK ha.
It's an amazing feeling first clearing debt, the STRESS you really don't notice till it's gone!
It really is. Like this Black Dog looming over you. My biggest thoughts are always “all of this money could be put away for something else, and I can’t do that” slowly but surely im digging my way out
dig the video...
Self-Sufficiency Skills sewing cooking etc
I have a toilet bidet plus some TP clothes line outside garden and library
I keep a 72 hour bug out bag in the car.
then I have 3 weeks of MRE and other food that I eat but still keep on hand no one ever regretted having food or water at their home on hand:)
I have heard that if the supply chain is not back up and going in 90 days the system is not going to be coming back any time soon then.
I live in a low income area with a paid off house and no debt.
I'm aiming to have this as soon as possible, think you've got it about right.
And whilst only a few weeks of MRE sounds like not a lot, I think if the apocalypse lasts more than 3 weeks IDK if I'd want to survive it anyway ha
Sounds like you've got a great emergency preparedness setup already, with all the bases covered. The paid off house and no debt especially amazing - great work!
Nailed it. You're totally right.
Debt is evil. Couple it with the societal pressure of having to live a certain way, have new and shiny things- or for you kids to have new and shiny things and you can really see why people rack up massive debt. I've been in debt before (not massive by most standards, sub 10k) and it was horrible, it 100% ruined a relationship, and took years to reverse.
Anyone reading this, (who gives a shit about my opinion), don't get stuff on credit, don't buy that car on Hire Purchase, don't use your credit card like it's your money and only make minimum payment. Credit companies thrive off you doing that. Use your credit card like an extension of a personal (checking? Idk the American/Canadian term) and pay it off as soon as the amount clears. Use the card, keep paying it off to build credit but thats it.
I think the only debt most people will have that's a real problem is a mortgage. They can fluctuate a lot and potentially be ruinous. But getting into debt to own a car or something is debt no one really needs.
You're spot on buddy! These are all great points about avoiding debt. I am very wary about mortgages too - if I end up ever getting one I will be certain to make sure it's a short term one (15 years or less), but my goal is to try to avoid it completely. As you said with fluctuations in interest costs it can be a ruinous endeavour.
Consumer debt is for rich people, because it makes you pay more for the same thing.
You're right, the average person isn't wealthy enough to afford to pay for something twice because of the interest!
What if you're gay? Does this change the answer?
What does being gay have to do with getting out of debt? Should be the same answer…..
Agree in general except for my house , in France it’s way better to pay a credit than rent . For exemple I’m paying 760 euro insurance included for 160 m2 , I can rent the same house for a minimum of 1100 euro . Even with some works to do in time it’s a better deal to pay at credit ( if you’re established with children, wife ….. ) . Depend of the country you have to do with “ what ‘s this country let you do to prepare future “ . In France there is too many financial predations( from
The country himself) to have a private retirement plan ( for the working class ) .
2:00 - I think, most likely, a slow roll into Idiocracy.
lol for sure there's a viral spread of that too
Good to be prepared - we are living in crazy times
I didn’t worry about “what” to do i.e. Horde items, prep, etc. I just started with the realization that I needed to find others who were worried about the same. From that group, we made decisions about what to do. Having them allows for overlap for things you don’t have or are unable to get.
That's such a great point! It's so important to have a tight community network so you can work together and take care of one another
Yeah we're trying to get our debt sorted atm into one payment with a loan. We've got a couple of credit cards. Hopefully in 5 years or so we'll be free from it 🤞🤞
I think my wife now realises that we really need to do something and be more careful with what we spend our money. Experiences more than physical things for our small family 😊
Thanks Spencer, really appreciate you and your channel
Love to hear you're plugging away at the debt Adam! It can be a tough journey but it's certainly worth it in the end. I had to come to that conclusion as well - material goods and comfort can't come close to the freedom of keeping my money in my pocket and staying out of debt. Thanks for the kind words buddy :)
@@spencers-adventures yeah it's definitely a rough one 😅 yeah I completely agree! I'm just a collector though/horder so I still collect which keeps me sane with 2 little girls 😂
Oh no worries at all, it means a lot to me this channel
Do you have any advice on how to get over a breakup
Keep yourself occupied and try to find out what you love outside of a relationship. This is a good time to join some local clubs or get into a personal hobby. I got really into wildlife photography after a bad breakup a few years ago and it has remained a great outlet for creativity and relaxation since that time. Hope that helps - keep your head up!
You can't avoid debt, if you want to improve parts of your life that is. Be it a new job or enterprise, education, a more convenient and sufficient home. And it wouldn't make sense if you avoided it, you need to invest in bettering yourself. And unless you have old money, that investment will surely put you in debt.
I think you're right that certain times debt can be necessary to make improvements in your life, but in very specific cases. I'm thinking higher education (within reason - good program to a real job and no extremely expensive schools), investing in certain pieces of equipment for a businesses that will bring in income, and buying a sensible home. But these uses of debt (buying stuff that makes you money/increases in value) is how a business uses money (on assets) rather than how a consumer uses assets (on depreciating material goods). I am not against debt being used like a business, but consumer-type debt I think will not lead to much long-term life improvement.