PROPER PREPPING: WHAT’S WHAT WITH WATT?
Regular readers may remember a humorous post from November of 2014 by Mrs. Cog titled ‘Amps Times Volts Equals Watts’. In that article Mrs. Cog relates with a giggle her struggle to understand the basic fundamentals of electricity, something she had previously given no more thought to for her entire life than where is the nearest outlet or light switch. I think I enjoyed that piece more than any other article by Mrs. Cog to date. If you haven’t read it, please take a moment and do so before proceeding. This article picks up (sadly sans most of the humor) where that one left off.
I wrote an article some time back describing the process of physically and financially decoupling from the Matrix. In it I described how we were selling assets to eliminate as much debt as possible in order to reduce the need for cash flow. While we are grateful some of our assets contained capital gains, we were not delighted with the idea the tax man would remove a sizable portion of ‘our’ money for ‘its’ despotic redistribution. Unfortunately the process of withdrawing often involves becoming more entangled, or at least still feeding the beast in many unexpected ways, even if this is temporary in nature and leads to less involvement in the system and a more sustainable lifestyle.
Needless to say the tax man’s wrath was felt in 2014, making us reluctantly resigned but very unhappy campers. Unfortunately, in a financial system which rewards those who continue to double down, the escapee who walks away is heavily penalized. Still, we were looking to repurpose some of the cash into tangible working assets of the sustainable homestead nature. If doing so happened to provide a tax credit, thereby reducing the tax man’s cut from a pound of Rump Roast to a twelve ounce Porterhouse, then all the better for us.
…click on the above link to read the rest of the article…
