There’s a really major flaw inherent in nearly all prepping plans. A flaw so big it can literally make them nearly useless…

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Debt and Disasters

Here’s the problem, and it’s a problem which comes from a blind spot we all too easily have: The likelihood of a societal-ending event is much lower than is the likelihood of a regional natural disaster.

So, how is that a problem? Because many of us easily slip into the thought pattern of surviving such an event.

As such, we don’t think of having to pay off that debt.

After all, if an EMP attack were propagated against the United States, all the computers which house the records of our massive debt would be fried. Nobody could collect, because they wouldn’t be able to prove that we owe the money. And if the company is several states away, with no mail delivery, how could we pay anyway?

But a regional disaster isn’t going to do a thing to make those records disappear. So, in addition to trying to survive and rebuild our lives, we’ll have the problem of trying to pay for our homes, our cars and just about everything else we need, simply because we bought it on credit.

A Potential Financial Collapse

But there’s another potential disaster that could prove even worse for those preppers who are in debt. That is, a financial collapse. The little hiccup we had in 2008 to 2009 caused millions of families to lose their homes. What would a nationwide depression do?

During the Great Depression, the unemployment rate hit a whopping 25 percent, meaning that one out of every four families had no income. Many of those families lost their homes, leaving them on the streets and searching for shelter. In the process of losing their homes, they lost many of their possessions, as well.

The same would happen again were we to be hit by another such depression. Considering that financial analysts have been predicting a collapse for years, we need to be ready for it.

Getting Out of Debt

Granted, paying off a home – or even a car — is a difficult undertaking. This isn’t something that you can solve in a month or even a year. But it does need to be part of your survival planning. Until you own your home, free and clear, you will always have the risk of losing it. From a survival point of view, let alone any other, that’s unacceptable.

The first step in getting out of debt is restructuring your finances. No, I’m not talking about restructuring your debt, but rather restructuring your budget. You’ve got to find a way to get to a positive monthly cash flow, rather than a negative one. That will probably mean cutting some things out of your life, and may even include downsizing to something that you can more easily afford.

Yes, it’s a shocking and scary problem, but it’s one we should definitely face up to while we can. That’s why we need to be prepared for this. To see more great SHTF and survival tips, check out Off the Grid News.

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