Friday, February 26, 2010

FDIC wants you to save!

http://www.zerohedge.com/article/desperate-fdic-begs-americans-open-saving-accounts-during-america-saves-week

Check out the latest TD post.

I think we all need to start being counter intuitive with our investments and wealth building strategies. Tying up more money in a bank, or 401K, or IRA, or any traditional investment, may not be the smartest thing to do right now.

I think everyone should have some precious metals and cash in their hands right now. I think we should all be adopting a general philosophy of greater independence and self-sufficiency. This does not mean we should all become survivalists. I mean it in a more general way. Think of ways to improve your independence in financial and physical terms.

A small farm could be a great way to achieve all of these things, while also improving your health and lifestyle. Furthermore, you don't have to stop being a part of modern society either. It isn't about being a hermit. It is about greater general self-sufficiency and also returning to value the small things in life.

All for now.

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