Taking Charge of Finances

Perhaps one of the most anxiety-causing areas of our lives is the management of our money. The key to reducing that anxiety is not more money but more discipline over the money we have. Hopefully, these links will help develop more discipline and prepare for lean times.

Preparing for a Global Financial Collapse
An economic collapse means a breakdown of the national economy. It would be characterized by a long-term downturn in economic activity, increased poverty and a disruption of the social order, including protests, riots and possibly violence. In some cases, this collapse would be akin to a deep recession, with society still functioning basically as normal (just with more poverty). However, it could be much worse and a collapse could be caused by any number of conditions. You should prepare for the worst, but adjust your actions to the actual severity of the collapse. You can prepare for an economic collapse by addressing your financial condition, stocking up on the essentials, and monitoring the economic indicators.
Six keys to financial success
How to Be Financially Disciplined
Top 10 Rules For Success (Warren Buffett)
BUDGETING / SPENDING:
SAVINGS:
BORROWING / LOANS:
RETIREMENT:
INVESTING:
EMERGENCY FUND:

JOB LOSS:
DEBT:

CREDIT CARDS:
CREDIT SCORE:
BARTERING (Have --> Want):
TEACHING CHILDREN ABOUT MONEY & FINANCE:
HOME INVENTORY:
    If homeowners need to file an insurance claim, they should be able to recall and report all the valuable items they own? If they want to get their money's worth, it's important to have an updated inventory of their home. It's not as difficult as it sounds. Use a smart phone to video the home and contents and do a commentary on what is being viewed. Save to a USB drive or the Cloud for safe keeping.     [Article]     [Video]

CASHLESS SOCIETY:

CAPITALISM VS SOCIALISM:
    Virtually all of the socialism that has any success has run on a foundation of capitalism because capitalism has been the only reliable creator of wealth in history.

    Capitalism, in its right-most form, is every man for himself. A capitalist society is set up so that those who work hardest and smartest get more resources - which makes good sense. If you want greater rewards based on your personal accomplishments, capitalism is for you. Socialism discourages work and effort by shifting consequences (positive and negative) onto others and it restricts freedom of the individual. If you are lazy and have no self-esteem, socialism is for you. Read Why Capitalism Works and Socialism Doesn't and https://www.backwoodshome.com/my-view-socialism/">Socialism's promises always end in disaster

FEDERAL RESERVE:
Suggested Resources:
Sound Mind Investing
Compass - Investment Resources
Anabaptist Financial - Investments
Protection Against Identity Theft
Plan B | Planning For, and Recovery From, Job Loss