What Is Your Ultimate Default Plan?
Most thinking people have a backup plan for disasters of some kind but do you have a final default plan if everything goes wrong? That is to say, do you have a final last ditch plan to provide the basic things you and your family need if all other plans fail.
I have written before that you should have a few thousand dollars set aside in the event things go wrong and you are forced to resort to a backup plan to insure your family has the basic things they need. This backup money would be used to create your backup system and not to continue living your normal life until all of your resources are gone leaving you no good options.
That basic plan was based around having or getting a good used camper trailer and a cheap tow vehicle you could pay cash for. Then buying a years worth of basic food items to put in it and some clothing for each member of the family. You would then want to get a basic rifle or shotgun and ammo for hunting and self defense. With this basic setup you could continue to care for your family even in the worst situation where you lose your job, savings, mortgaged home and vehicle.
Having a backup system like that would be ideal for many people but there may be many that do not have the financial means for even that these days. It has been reported that most Americans have less than $5,000 saved up for retirement and many have nothing at all. For these persons, losing the little bit that you now have would be devastating. It would mean losing all of the support structures you need to take care of your family.
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