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Today’s Contemplation: Collapse Cometh XVI–Finite Energy, Overconsumption, and Magical Thinking Through Denial


Today’s Contemplation: Collapse Cometh XVI

May 24, 2021

Knossos, Greece (1993) Photo by author

Finite Energy, Overconsumption, and Magical Thinking Through Denial

Another quick thought on our impending energy cliff situation and comment on an article suggesting overconsumption is our greatest threat and that we can be happy without it.


This is an excellent article.

The threats humanity faces are never simple and always multifaceted and intertwined. Overconsumption by a relatively small percentage of our world’s population is certainly one of the contributing factors. As is the way we create and distribute ‘money’ and our sociopolitical systems, to mention just two.

Underpinning all of these complexities is energy and the one-time, finite cache of energy provided by fossil fuels has provided a boost to human exploitation of the planet unlike any other time in humanity’s 100,000+ years of existence. In the waning days of this phenomenal energy surplus (be it due to supply constraints because of diminishing returns or some recognition of the negative consequences of its use — which are many and go far beyond the production of greenhouse gases), scaling back ‘advanced’ economies’ overconsumption tendencies could help forestall the energy decline we have begun to experience. It is unlikely, however, to prevent it — I would argue it is mostly magical thinking to hold on to the idea that some ‘clean’, ‘renewable’, and ‘sustainable’ energy source will suddenly appear and save us; a ‘solution’ that would not in any way address the mountain of other dilemmas we face, such as lack of arable lands and fertile soils, biodiversity loss, the negative repercussions of our past several centuries of expansion and exploitation, and numerous other biophysical limits imposed by a finite planet.

In fact, I would argue there are many reasons a pullback in our consumer-(profit-)driven societies is unlikely to happen, not least of which is the ruling class’s motivation to expand/control the wealth-generating systems that provide their revenue stream and the societal repercussions that always seem to arise when a people’s living standards (expectations? entitlements?) are threatened.

Another, and perhaps the most significant, roadblock to ‘righting’ our path is the somewhat dominant narrative that alternative energy sources (that many erroneously label ‘green’ and ‘clean’; and are used as supportive fodder by the ruling class to justify ‘sustainable’ growth — a perverse oxymoron if ever there was one and truly more marketing sloganeering than a reflection of reality) can be mostly easily transitioned to in order to continue ‘fuelling’ advanced economies very energy-intensive lifestyles. As long as the illusion persists that our current ways of living (and I’m speaking of ‘advanced’ economic societies) can in any way be ‘sustained’, we will travel towards a collapse/decline which can neither be reversed nor managed in an equitable or relatively-non-catastrophic way (‘catastrophic’ for advanced economies, not so much for economies that don’t have the same expectations and/or are more self-sufficient, and for much of the rest of the ‘natural’ world).

This is the way things go for a species that has overshot the natural carrying capacity of its environment. Humanity has the unique abilities to be aware of and possibly mitigate the fall that accompanies this biological phenomenon but I am doubtful we will use our ‘ingenuity’ to do anything but take the easier and seemingly less painful path of attempting to maintain our current tendencies (we are, after all, genetically predisposed to seek pleasure and avoid pain, even if the pain experienced now were to be significantly less than that that is to arise somewhat later in time). We will continue to use all the cognitive distortions we are prone to to propagate and hold on to comforting narratives that avoid the inconvenient ‘facts’.

Of course, denial is the first stage of grief and often, if not always, accompanies a significant loss. We, however, need the majority of people to move directly to the final stage of grief that is acceptance and as I have often argued on these pages recognise (and posthaste given the speed with which exponential growth always overwhelms a system) that the best way to mitigate our impending energy descent (and that of other physical resources) is to pursue degrowth strategies. The conversation on how to do this equitably and wisely is long, long overdue and the longer we avoid it, the more precipitous will be our ‘fall’.

In fact, it may actually be too late as some suggest and all the arguments and competing narratives are just ‘academic’ at this point — we would only truly know in hindsight. Perhaps the best one can do is to try and make one’s household and local community as resilient and self-sufficient as possible. It is sometimes wise to plan for the worst and hope for the best; although hope is not really a strategy and the planning/action part is what’s really important. Yes, stop consuming as much and change your expectations but also be prepared for a future of less and not one of perpetual growth and prosperity as our ruling class pushes (what politician has not promised ‘more’ to garner support? as the article highlights). ‘Normal’ is what we make it, not what we are told by others — especially those who seek to ‘profit’ from us. It is going to take a massive paradigm shift for us to weather the impending energy cliff and we are quickly losing time to prepare, both physically and psychologically.

10 Ways to use comfrey, a powerful healing herb

Image: 10 Ways to use comfrey, a powerful healing herb

(Natural News) Comfrey, or gum plant, is a medicinal herb that can be used as an astringent, anti-inflammatory or anti-rheumatic agent. It can also be used to treat wounds, bites, stings, rashes and other conditions. Not only does it speed up recovery on the surface level, but it also penetrates into the tissues to speed the healing of sprains, strains and even broken bones.

Comfrey is a nutrient accumulator. The roots of the comfrey plant reach far into the earth to pull up minerals, and it is known to be a good source of calcium, manganese, potassium, vitamin A and vitamin C. (Related: How to grow and use comfrey for gardening and medicine.)

Using comfrey for healing

As Oil

You can boil comfrey in a pan and heat it on low until the oil takes the color of the herbs. This will take about thirty minutes to an hour. You can then strain the herbs and bottle the oil. While it can be stored at room temperature, comfrey oil will last longer when kept in a cool place.

You can apply the oil liberally to aches, pains, and other areas when desired. Use a roller bottle to use the oil without getting your hands messy.

As Decoction

Use 1-3 teaspoons of dried comfrey root for every cup of water. Bring the water to a boil, then reduce the heat and let it simmer for up ten to fifteen minutes. Drink this concoction up to three times a day, or gargle it to treat infections, dry mouth, sore throat and bleeding gums.

As tea or water infusion

…click on the above link to read the rest…

Prepper medicine: How to use sage, a versatile healing herb

Image: Prepper medicine: How to use sage, a versatile healing herb

(Natural News) Sage is a flavorful herb that’s often used during Thanksgiving to season turkey and homemade stuffing.

The herb may be popular as a culinary seasoning for holiday recipes, but you also need to learn the medicinal uses of sage before SHTF. (h/t to TheSurvivalMom.com)

Sage: A versatile herb for your home garden

Sage belongs to the mint family. While there are many varieties, the one you’re probably most familiar with is the one used for cooking, Salvia officinalis.

Sage is very aromatic and using it gives your dishes an earthy, warm quality. The herb can be used fresh, dry, rubbed, and ground. (Related: 10 Ways to use comfrey, a powerful healing herb.)

While the modern use of sage usually involves savory dishes, sage has been valued for its health benefits for thousands of years.

The ancient Greeks and Chinese used varieties of sage to address different health issues. Native Americans used sage for meditation, protection and relaxation.

Common garden sage, the variety you often use for cooking, is also used for broader health purposes as recently as the late 1800s by early doctors like Physiomedicalists in the United States.

Traditionally, sage has been used to address minor discomforts like bloating and gas after eating a fatty meal to more serious health problems like typhoid fever and tuberculosis.

Sage health benefits

Sage is full of vitamins and minerals. One teaspoon (0.7 grams) of ground sage contains only two calories, 0.1 grams of fat and protein and 0.4 grams of carbs.

The same serving also contains:

  • Vitamin K –10 percent of the reference daily intake (RDI)
  • Iron – 1.1 percent of the RDI
  • Vitamin B6 – 1.1 percent of the RDI
  • Calcium – One percent of the RDI
  • Manganese – One percent of the RDI

…click on the above link to read the rest…

“Not Going To Happen To Me Again” – Prepping Goes Mainstream In Post-COVID Era

“Not Going To Happen To Me Again” – Prepping Goes Mainstream In Post-COVID Era

Consumer psychology radically changed during the early days of the virus pandemic as shortages at supermarkets emerged. Bulk-buying habits were never a thing with the modern consumer in a pre-COVID world, but now ‘prepping’ has gone mainstream two years since the beginning of the virus pandemic as supply chains remain snarled and food inflation is out-of-control. Many have discovered: be prepared or be hungry. 

The pandemic was an eye-opener for tens of millions of consumers who learned the government and big corporations wouldn’t take care of them when things go south. Even our elected officials were nowhere to be found in the early days of the pandemic when people panic hoarded food at supermarkets and fought over toilet paper in a ‘free for all battle royale’.

WSJ interviewed consumers across the country who’ve expressed their purchasing habits have changed.

“Bulk-buying habit is expected to stick as people eat more at home, supply remains uncertain and inflation rears up. Retailers and producers are shifting operations as a result,” WSJ said. 

Alexis Abell, a 41yo mother of five, buys in bulk out of fear of economic uncertainty.

“I don’t want to be in a position again where I can’t get something,” Abell said, who was laid off in 2020 and decided not to return to work. Her household spends about 25% more a week on food and staples versus a couple of years ago. 

“The stimulus money is gone, but we’ve gotten used to having more on hand and I’m cooking more at home, so I expect this to continue,” she said. 

Many people expanded their pantries during the pandemic, bought freezers, and made space for non-perishables. WSJ calls “bulk shopping” “hoarding,” though it’s not and instead should be considered a form of prepping. 

…click on the above link to read the rest of the article…

The case for contingency planning

The case for contingency planning

LONG-ODDS BET OR A PORTFOLIO OF SCENARIOS?

An intelligent investor – as distinct from a gambler – doesn’t put all his or her money on a single counter. He doesn’t stake everything on a single stock, a single sector, a single asset class, a single country or a single currency. The case for portfolio diversification rests on the existence of a multiplicity of possible outcomes, of plausible scenarios which differ from the investor’s ‘central-case’ assumption.

This isn’t a discussion of market theory, even though that’s a fascinating area, and hasn’t lost its relevance, even at a time when markets have become, to a large extent, adjuncts of monetary policy expectation. The concept of ‘value’ hasn’t been lost, merely temporarily mislaid.

Rather, it’s a reflection on the need to prepare for more than one possible outcome. Sayings to this effect run through history, attaining almost the stature of proverbs. “Hope for the best, prepare for the worst” is one example. Others include “strive for peace, but be prepared for war”, and “provide for a rainy day”. There’s a body of thought which has always favoured supplementing hope with preparation.

Dictionaries might not accept the term “mono-scenarial”, but it describes where we are, working to a single scenario, with scant preparedness for any alternative outcome. The orthodox line is that the economy will carry on growing in perpetuity. Obvious problems, such as the deteriorating economics of fossil fuels and the worsening threat to the environment, will be overcome using renewable energy and the alchemy of “technology”, with “stimulus” deployed to smooth out any economic pains of transition.

…click on the above link to read the rest of the article…

Community-County Collaboration for Neighborhood Preparedness

Community-County Collaboration for Neighborhood Preparedness

Port Townsend’s unique county-community neighborhood preparedness project, NPREP, grew from a big-hearted sister-city project that took volunteers from a coastal town in Washington State to Bay St. Louis, Mississippi (pop 9,260). That isolated community had been hard hit by Hurricane Katrina. Federal aid dollars poured into nearby New Orleans, while Bay St. Louis struggled to recover.

Judy Alexander was one of the Katrina sister city project organizers. “When we came back, we recognized the similarities between our communities, and we thought about the exposure we had to earthquake risk.”  After hearing Judy’s stories, Deborah Stinson reflected that, “We could be in the same situation, but would have no advanced warning. We knew we had to do something to make ourselves more resilient.”

The Katrina volunteers met with folks from Local 20/20, a newly formed sustainability and resilience group.  Local 20/20 got on board with starting an Action Group to increase community preparedness.

Judy and Deborah began by surveying the community to see who else was working on this issue. “We did a little gap analysis, but mostly we were mapping assets,” Deborah said.

That’s when they invited Bob Hamlin, Director of Jefferson County’s Department of Emergency Management (DEM),  over to Judy’s house for lunch.

“We were fascinated with Bob and the impressive network of resources and connections he’d established over the years,” Deborah said. “Together, we recognized that DEM’s biggest challenge would be incorporating engaged residents into that network. In the spirit of partnership, we said, ‘We have the capacity to organize neighborhoods and if we can connect with your officialdom, we can expand your capacity to respond to emergencies.’ He was receptive, fascinated, and a bit dumbfounded.”

Now they needed to show him that their fledgling group could deliver.

…click on the above link to read the rest of the article…

Urban Survival vs. Rural Survival: A WARNING from Selco About Your Plans

Urban Survival vs. Rural Survival: A WARNING from Selco About Your Plans

Urban survival vs. rural survival is a near-constant debate in preparedness circles. Those who live on acreage sometimes scoff at those who live in cities for reasons of business, education, or families. Those who live in the cities feel obligated to defend their choices. The truth of the matter is that there IS no perfect plan, and even if you had one, SHTF might have other ideas. You need both skillsets to survive, as Selco teaches. In this reality check, Selco explains how even the best survival plans can go horribly wrong when the SHTF. ~ Daisy


I write almost always about urban survival because of a few simple reasons:

  1. I survived SHTF in an urban environment, so I write about it from my own experience.
  2. The majority of us actually live in urban settings, so there is a reason why we need to pay more attention to preparing for urban survival.
  3. Most of us who live in urban settings have a plan (me too) to bug out to some kind of rural setting in order to have a better chance of survival. But the sad truth is that a lot of us will fail to bug out on time because of numerous reasons.

As a result, a number of us who have a good BOL in a rural setting will still end up surviving in an urban area.

Generally, I think it is much better to be out of the urban area when SHTF. But we don’t always get what we want no matter how good our plan. That is why you must learn about not only rural or wilderness survival, but also urban survival. I talk about all of these in my book.

…click on the above link to read the rest of the article…

The Preparedness Community’s Dangerous Failure of Imagination

The Preparedness Community’s Dangerous Failure of Imagination

In Northern regions of an unstable country, a battle broke out yesterday in the streets of a small city. Meanwhile, in the Southeastern corridor, protesters continue to clash over control of a monument, and in the North West, rebels have been battling local authorities for control of the Capitol for 80 days. One city in the central part of the nation has isolated itself by raising drawbridges in an effort to quell the violence and destruction of ongoing riots. After a massive crime spreehe largest city in the nation looks like the setting of a dystopian movie.

The formerly prosperous nation has been rocked by disease, authoritarian measures, police corruption, and economic catastrophe throughout the summer. A hotly contested presidential race is spurring further division, and the level of violence is expected to increase as election day approaches.

It sounds like coverage of some distant, war-torn country. I remember when I was in college hearing daily coverage of the situation in Sarajevo and it sounded so far away that at some point, I stopped paying attention.

But now the war-torn country is ours.

The report above is about events currently taking place in KalamazooStone MountainSeattleChicago, and New York City.

And still, I see people saying, “It can’t happen here.” They say, “Our area is different.”

Have you checked your normalcy bias lately?

One of the things that Selco writes about often is recognizing that a new set of rules is in place, and acting on that immediately. The earlier you can accept that the rules of the game have changed, the better off you’re going to be.

…click on the above link to read the rest of the article…

Tips on building pocket survival kits

Tips on building pocket survival kits

Image: Tips on building pocket survival kits

(Natural News) A bug-out bag (BOB) lets you carry all the items you’ll need to survive for 72 hours after SHTF. But if you’re looking for something lighter or if you need a backup plan, try making pocket survival kits (PSKs) to cover basic needs like self-defense, first-aid and signaling. (h/t to Survivopedia.com)

Escape and self-defense PSK

The items in this PSK can help you escape a survival situation:

  • Diamond rotary cutoff tool – This item is easy to hide because it’s small and flat. Use a diamond rotary cutoff tool to shape bobby pins, hair clips or metal scraps into tools.
  • Lock jigglers – When trapped or kidnapped, use lock jigglers and a fleet key or two to escape on a commandeered vehicle.
  • Norseman SNAP card knife – This small but versatile knife can be used for shelter building, firestarting, finding food and food prep. It’s also compact enough to fit in a small PSK.
  • Oleoresin capsicum (OC) powder – This irritant is the active ingredient that makes chili peppers spicy. In concentrated powder form, OC is the irritant used in pepper spray. Use a small vial of OC powder to contaminate your scent tracks if you’re being followed.
  • Petroleum jelly – Use petroleum jelly to slip off handcuffs or other restraints.
  • Restraint escape tool – While the other items should be stored in your PSK, it’s best to hide a restraint escape tool somewhere else on your person so you can easily find it if you’re capture by an enemy. Secure your chosen tool and hide it inside your sock or the lining of your jacket while traveling.
  • Safety pins – Use safety pins to open flex cuffs or hide smaller tools under your clothing.

…click on the above link to read the rest of the article…

What I Learned During the COVID Crisis

What I Learned During the COVID Crisis

The COVID-19 crisis has affected just about every family in the United States in some way or another. All of our situations are unique and everyone I’ve spoken to has learned some lessons about their levels of preparedness. Some of those lessons are unconventional but valuable nonetheless. There are a whole lot of things you can’t learn from a book or a blog.

Here are the things I’ve learned.

Trust your instincts.

I began writing about this virus back in January when it was announced that the entire city of Wuhan was being locked down and millions of people were under stay at home orders. With that many people under a mandatory lockdown, I was firmly convinced that this had potential global ramifications.

I had come back from Europe to attend a funeral in early January and was supposed to return on January 28th. After doing the research for the article mentioned above, I rescheduled my flight for March 28th and settled in with my youngest daughter at her apartment to help out with the bills. We immediately began stocking up.

A lot of folks at that time said I was crazy – a few here on my website but more so on other sites that republished my work. I’m no stranger to being called crazy – I’m in the preparedness industry and I like guns, so right there, the mainstream media sees me as a lunatic. It no longer bothers me and I was convinced that this was going to be a big deal.

Every day from January 23rd to the present, I’ve spent hours researching as this pandemic has unfolded. I sincerely wish that I had not been correct, but here we are, still in lockdown in many parts of the country.

…click on the above link to read the rest of the article…

4 Things I Learned by NOT Going to the Grocery Store for a Month

4 Things I Learned by NOT Going to the Grocery Store for a Month

I just walked into my grocery store for the first time in a month, and it was surreal. First, because I was there without my two kids (ages 5 and 7), so I kept feeling like I was forgetting the most important thing. What is it? Oh yes, the most important thing is shouting:

“Do NOT climb in the freezer bin!” at exactly the right moment.

Not too soon, or they forget that you said it and climb in. Not too late, or you’re explaining muddy footprints on the frozen turkeys to disgruntled grocery employees.

Just kidding, my kids have never climbed in the freezer bin. They’ve gotten a leg up, but I always shout at the right moment. By the time we get to produce, though, I’m frazzled from the rapid oscillation of my eyeballs from list to shelf to list, and I’m not quite as on-the-ball. They have climbed in that giant box of pumpkins.

In addition to the lack of shouting, at my grocery store this week there was a cordon so people could line up to get in. There was a new “maximum occupancy 537 persons” sign on the door. There were empty spaces on some shelves, and a lot less friendliness. Other than that, it was the same old fluorescent-lit cavern I despise.

Before I get to what not going to the store taught me, I should explain why I haven’t been to the store since before my state’s stay-at-home order was issued.

1. I hate shopping, so if there’s any little excuse for not going (such as contagion or it’s a Sunday), I am so not there.

…click on the above link to read the rest of the article…

And just like that; everyone stopped laughing at preppers

And just like that; everyone stopped laughing at preppers 

A criticism of the failure by some people to prepare while mocking preppers…. kinds like the children’s story of the Three Little Pigs…. and the Big Bad Wolf is Covid-19

A wise man believes; Be optimistic, but also be prepared for all possibilities…

And as we see, some of our government agencies, people in those agencies, and even some hospitals haven’t prepared…

In fact, it was only about decade back that some agencies and people were actually mocking and laughing at ‘Preppers’ who were training in disaster preparedness and laying aside a measured amount of food and supplies, including N95 masks.

Imagine the complete lack of vision and the obtuse thinking that it required to mock the same people these same agencies and people are now trying guilt-trip and shame into giving-up their masks…  Does the movie ‘Idiocracy‘ come to mind?

And now, maybe worse yet… the vision-less are leading Americans; some of these same agencies and people are now the so-called ‘experts’ giving everyone else advice?  How is that going to work?

Some agencies, and people are trying to shame citizens who are prepared into giving-up their preparedness supplies (N-95 masks), which they have laid away for this very day, in order to protect their families and themselves…

I think without any exaggeration whatsoever, what we’re seeing is the perfect storm of our lifetimes

1918 Flu Pandemic

And it’s unlike any other disaster mankind has seen since the entire world was in dire straights and the grip of 1918 Flu Pandemic that killed 50 to 100-million people (Wiki)… As in prior disasters like hurricane Katrina, Sandy, etc. nobody is coming to the rescue, because every nation is in the same (or worse) deep trouble.

…click on the above link to read the rest of the article…

Panic? You Haven’t Seen Anything Yet…

Panic? You Haven’t Seen Anything Yet…

One rule every preparedness expert should go by is to always be concerned when establishment authorities, the media and “shoe shine boys” start volunteering their “expert” opinions on why you should not be concerned about a particular danger.  The establishment most likely has an agenda to keep you passive, and the shoe shine boys are simply regurgitating what they hear from the media like good little robots.  These people are far too interested in whether or not you are preparing for a threat; in fact they seem hell bent on talking you out of preparation in general.  Why is that?

In the past two months I have seen an endless flow of mainstream news stories arguing first, that Covid 19 is nothing to worry, and second, that the public is “in a panic” over the virus. The first assertion is obviously ridiculous. With an official death rate of around 6% in Italy alone, I think we are starting to see what the Chinese government has been trying to hide as they continue to threaten their citizens with punishment for leaking “fake news” (FACTS) on the coronavirus. This event is not something to be taken lightly; it is a paradigm shifting scenario which will change the world forever.

The second assertion seems to be a calculated exaggeration; a form of reverse psychology. Keep telling people they are “panicking” when they are not and maybe they will go to the other extreme and passively do nothing at all just to avoid the label. I have to say, I don’t think people in this day and age know what a mass “panic” actually is, especially if their only point of reference is some empty toilet paper shelves at Costco.

…click on the above link to read the rest of the article…

Which SHTF situation is most likely to actually happen?

Which SHTF situation is most likely to actually happen?

Image: Which SHTF situation is most likely to actually happen?

(Natural News) The prepping lifestyle can be overwhelming for most people but at its core, preppers prioritize readiness in all aspects of their lives. But amid all the talk about prepping skills, survival gear, and food supplies, how do you know which disaster event has the highest chance of occurring within your lifetime? (h/t to TheSurvivalistBlog.net)

How to prepare for possible SHTF events

For this article, an “SHTF” event is defined as “any event that upends your life” after it occurs, such as flooding in a major city. These events would be classified as major disasters or catastrophes, not personal emergencies.

On the extreme end of prepping are those who will do whatever it takes to get ready for apocalyptic events like EMP attacks or nuclear world war. However, more realistic preppers are concerned about events that may likely occur in their lifetimes, such as hurricanes or tornadoes.

No matter where you land on the prepping scale of SHTF-readiness, the important thing is to get ready for disasters that happen yearly worldwide.

Take note that the events detailed below are more or less likely to occur depending on your location. According to the U.N.’s Office for Disaster Risk Reduction (UNDRR), the single most likely natural disaster to occur anywhere in the world is flooding.

Flood preparedness

Rising water is “the most likely disaster to befall you anywhere in the developed world,” with about 30 percent of all disasters categorized as flooding. This coincides with data gathered by U.S.-based disaster response agencies and insurers.

Regardless of what causes flooding, it is a deadly and destructive event that occurs yearly. In most cases, a local major body of water will overrun its banks due to several days of heavy rain. However, other factors like dam failure, ice or snow melting, or tsunamis can also create severe flooding. 

 …click on the above link to read the rest of the article…

Preppers save for a rainy day: Why financial planning is crucial for surviving an economic downturn

Preppers save for a rainy day: Why financial planning is crucial for surviving an economic downturn

Image: Preppers save for a rainy day: Why financial planning is crucial for surviving an economic downturn

(Natural News) As a prepper, one of the first things that you need to learn is the importance of financial preparedness. Don’t wait until an economic collapse before you start settling your debts or saving money. (h/t to TimGamble.com)

The basics of financial preparedness

Personal, business, or government debt is bad. It will stress you out, and it makes you more vulnerable to economic downturns.

To become financially prepared, you must first eliminate consumer debt. This includes credit cards, car loans, payday loans, personal loan, and installment plans.

To clear your debts, you may need to make sacrifices, such as:

  • Putting off major purchases.
  • Avoiding impulse purchases (e.g. luxury items, etc).
  • Bringing your own lunch to school or work.
  • Having a major yard sale to raise some money.
  • Starting a second job.

Making these sacrifices may seem hard, but keep in mind that in the end, the benefits will be more than worth it. (Related: 7 obvious warning signs we are heading for an economic meltdown.)

Second, you need to have emergency savings. Start by holding yard sales or getting a second job. Put the money somewhere safe, such as an insured certificate of deposit(CD). A CD is a type of federally insured savings account with a fixed interest rate and fixed date of withdrawal or maturity date. CDs don’t usually have monthly fees and they are different from traditional savings accounts in several ways. Savings accounts let you deposit and withdraw funds rather freely.

However, with a CD you agree to leave your money in the bank for a set amount of time (know as the “term length”). If you do access the money in a CD, you will need to pay a penalty. Term lengths can range from several days to a decade. The standard range of options for CDs is between three months and five years.

 …click on the above link to read the rest of the article…

Olduvai IV: Courage
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