Are You Eliminating Debt/Backstocking Food? - Page 17

StillStanding · #**161** 10-10-2008, 04:43 PM

Quote:

Originally Posted by Ferd

Mr.S, in all honesty that is how we ought to all live all the time.

Well.....Mrs. Steinway would beg to differ with you!

All4one · #**162** 10-10-2008, 04:51 PM

Mormons are now stocking up food to last two years.

Ferd · #**163** 10-10-2008, 04:52 PM

Quote:

Originally Posted by Mr. Steinway

Well.....Mrs. Steinway would beg to differ with you!

well... once you get that one year socked back and out of debt, then you can start adding back those fun things...

I bet she just loves you playing golf!

RevDWW · #**164** 10-10-2008, 05:06 PM

Quote:

Originally Posted by Ferd

I dont know how one stocks food for long term emergencies.

they simply dont last forever.

it is always a good policy to eliminate debt.

Most folks can not afford a food-stock for the long term. The Mormons believe in having a year supply of food set in store. What a family would need to do is have enough food to last until you can get a garden harvested.

A column in the Financial Times suggested another Great Depression. If you can't store food perhaps you can store something to barter with. There is a chance the value of the dollar will go to next to nothing. Glenn Beck mentioned the other day he has a stock of alcoholic beverages to use as barter if hard times hit. I think that is funny coming form a former alcoholic who is now a good mormon. Make friends now with your neighbors.

I am not an alarmist. But I am a realist. We are in for hard times to come. The effects of the Market on the economy is generally a quarter behind.

Pharaoh was warned that hard times where coming and he had Joesph plan for it and they made it through. Nothing wrong with being prepared.

Chance favors the prepared!

StillStanding · #**165** 10-10-2008, 05:10 PM

Quote:

Originally Posted by Ferd

well... once you get that one year socked back and out of debt, then you can start adding back those fun things...

I bet she just loves you playing golf!

Every time I golf without her, it means a shopping spree for her!

Blubayou · #**166** 10-10-2008, 06:55 PM

We have paid off all of our debts except our house. My husband moved around some money about a month ago and we now have 6 months of money in a savings account that we can access easily. We are watching our spending and hunkering down for the long haul.

Jermyn Davidson · #**167** 10-10-2008, 07:56 PM

Quote:

Originally Posted by Jehoram

Economists are saying it's a good idea. Fears of runaway inflation are rising.

Not trying to be a doomsday guy, but my family is preparing an emergency plan.

Just in case.

So if you had $1,000.00 but you had many thousands more in debt, would you take that $1,000.00 and invest it in a high performing stock that is temporarily low right now or continue to pay on bills?