15 Steps to Survival and Independence (The Great Reckoning)
As I write this, there is great uncertainty over the economy in the West, in the United States and Europe, and the credit crunch, debt levels and falling house prices are causing anxiety and even panic in some.
James Dale Davidson’s book, The Great Reckoning, foretells a depression, and the authors give a 15 step programme on how to get ready for it. Whether it’s coming or not, this is good advice for the risk averse.
15 Steps to Survival and Independence
Step 1. Get committed - be in charge of your own life
Step 2. Involve your spouse - support each other to make life changes
Step 3. Act as if the depression has already begun - save 25% of your income. Stop spending so much.
Step 4. Gather knowledge - knowledge is power
Step 5. Master compound interest - save early, get out of debt
Step 6. Stop shopping - don’t buy anything unless you need it
Step 7. Turn off the television - it is of no help to your brain
Step 8. Connect more closely to family and neighbors - contribute to your community
Step 9. Do not be a victim - positive thinking
Step 10. Watch the calendar, not the clock - think long
Step 11. Treasure your health - it’s all you have
Step 12. Don’t boast - keep a low profile, keep out of danger
Step 13. Help others - have responsibility
Step 14. Defend the open society - keep markets open
Step 15. Tell your children - educate your children on this
These steps are taken from one of my favourite books, The Great Reckoning, available from Amazon, but probably not your local bookshop.
Buy from Amazon: “The Great Reckoning: Protecting Yourself in the Coming Depression” (James Dale Davidson)