Thursday, July 26, 2007

prepping with credit cards

PREPPING WITH CREDIT CARDS
Before we start today, a quick detour into the unstable murky depths of my thought process. I have been like a mad alchemists, pouring over potion tables, mixing extract of frog tongue with morning dew of toadstool, trying to turn turds into gold. Over many years I have started, stopped, started again, changed format, switched from profit to non-profit to donations, trying to reach the masses with my pearls of wisdom and perhaps one day making enough each and every month to support me in a genteel poverty living in the wilds in a trailer. I think I have stumbled onto a winning formula with my daily blog, but still I feel the need to tweak it, to always change and experiment. So let’s try this. Instead of writing a minimum of a page and a quarter up to two pages for each article ( 600-1000 words ), let me cut it down to one page, 500 words. I want to still keep the humor going, the sense of banter and fun, but I also want to free some effort towards putting out some more e-books. Perhaps put some more Chicken Little issues out with them. Booklets, full size books, novels, even novelettes. Whatever, I’m not sure yet. But I feel like I have hit a rut, my original articles are fewer and farther apart. More of same subject just rewritten.
*
If you don’t like the change, let me know. I don’t want to get too short. I think a visit to a blog should leave a full, heavy feeling like a visit to the greasy spoon, not a small healthy snack that doesn’t fill you up. But if you feel a page is too little, let me know and I’ll rethink the whole thing. I think some of you prefer the old weekly newsletter of in-depth five or six pages on one subject, but I don’t know if I want to do that again. Unless I get an overwhelming response. Let me know, so you can enjoy this blog ( I already know what my critics think, but I’m not ceasing publication ). Unlike in real politics, here your vote counts. Today’s article was inspired by a royal minion making a comment in the comment section ( duh, where else? ). I bow in your general direction, tip my plastic hardhat with rotating emergency light. Thanks. I’m sure I have mentioned this before, but what the heck, the new victims here might like it.
*
If you go to my old web page ( due to expire, crash and burn in a month ) www.bisonnewsletter.com you will find my original article on survival preps under $500. The figure might be a bit higher now, what with inflation and all, but close enough. If you were giddy at the thought of supporting Bison you could buy the e-book version ( much expanded ) or the paper version ( although I make a better profit on the e-book ). Just follow the links at www.bisonpress.com . If you fully embrace the Better Than Nothing philosophy that I have been trying to push on your malleable psyches, trying to undo the Scientology programming Tom Cruise talked you into, you can easily get all your preps under $500. Granted, it will be more with an actual family. They insist on eating too. But if you can stop saying, I must have the proper tool and instead say, I will take whatever I can get to somehow get the job done, you can cheaply prep for everyone. The figures given was a monthly payment on a $500 cash withdrawal of $25 ( assuming 22% interest ). Who can’t afford that? Even if you go with a grand, you could cut one expense and not notice the payment. If you cut out cable and installed an outdoor antenna you could borrow up to $1500 and still have the same budget.
*
I hate being in debt, and you should too. You should get out and never return. Get rid of the house and make $100 payment on an acre in Elko Nevada. Live in an trailer you bought cheap. You could have all of your prep items and make land payments for no more than $200 a month. If you can’t do it any other way, getting preps on credit is okay as long as you do it as cheap as possible. The alternative is having no prep items as we crash. But of course, get into debt with the understanding that, just as easily, we could slow collapse and you will need to pay it all back. Nothing is certain, nothing is in stone. Always plan on as many contingences as possible.
*
If you must get into debt, cash out $1500. For $500 to a grand, buy a used travel trailer. Prep items with the rest. Wheat, grinder, water filter, bolt action rifle and ammo. Now start making land payments. $200 a month covers a place to live and emergency supplies. Crap land, crap supplies. But it is better than nothing to cover a wide range of emergencies. Far better to do it all with cash, perhaps with savings, selling unneeded items and a tax return combined. But if you feel a sense of urgency, use the credit and then pay it back as fast as possible. Myself, I would go into debt if needed. Better debt and supplies than no debt and no supplies.
END

14 comments:

Anonymous said...

Actually, the annual inflation in prices for ammunition and long-term storage foods (particularly grains) exceed the 18% to 24% interest on most credit cards. In addition, credit card debt is unsecured debt. Most credit card debt that isn't paid in the next 12 to 24 months will either never be repaid (default) or repaid in highly inflated dollars.

Anonymous said...

Huh. Good perspective. Most other folks generally say "get outta debt" etc etc -- which is probably a good idea overall. But I think you're right: something cheap that can (barely) do the job may be frustrating and annoying....but it's a LOT better than having nothing cuz you were saving up to buy 'the nice one'.

Anonymous said...

KBRDANN here,

Hey jim i have been reading your stuff for a while and i have even bought some of your stuff. I am very happy with all that you do and all that you share. Keep up the good work.

As for me instead of going into debt i got rid of the ball and chain they cost more than anything else in the world. I went to work for Halibourton in the middle east and made a butt load of money. I got to see how people in these countries are living the way we might after the colapse. I have a whole new outlook on what will happen. All those yuppie have all the best stuff will be just like use. There stuff will fail.

Here is my little tip for the day. If you live out in the middle of now where and you can have a coulpe of animals i would go with chickens. Im also getting a mule. After the colapse and your car is out of gas or broke. You and your mule can walk and he can carry the stuff. Ya he has to eat but there will always be stuff around for him to nibbel on. Its just a thought. If any one wants to send me an email and chat about stuff its K9workingrotts@iwon.com

Anonymous said...

Solarsurvivalist said:

KBRDANN, another good animal is the guinea pig. I'm currently raising them for meat and I have to tell you they are infinitely portable and can subsist off nothing but grass in the summer and dried grass/wheat sprouts (for Vitamin C) in the winter. I use a metal and wood cage now but traditionally, in Ecuador, they are kept in the kitchen, under the house, or in small walled pens made of mud bricks.

Anonymous said...

Guinea Pigs???????? thanks, I'd rather become a total vegetarian.

Anonymous said...

Chickens makes alot of since to the "outbacker" and so does rabbits. About three does and one buck will keep youi in good lean meat. Also a milk goat would not hurt. I would want one over a mule. They can haul small packs and give dairy, as in cheese and butter.

You could actually raise the rabbits and chickens in town. A goat might be pushing it, but you could get away with it if in a small town.

Jerry in SoIL

Anonymous said...

KBRDANN

all are great ideas. This is what i like to see on this site we all talk togeather and come up with better things. Lets keep up the good work.

Anonymous said...

Grown ups playing boy scouts.

what does your wife think of you?????

Better yet. Did you mention all of this to your shrink??????

you guys sound ridiculuossssss.

Anonymous said...

I don't care if you write more often or less often. Just avoid burn out. Whatever you decide to do, do it consistently. Once a week, twice a week, or daily. Figure out what works short of burn out and do it. I really do enjoy survivalblog, but we need several voices out here, each with its own unique approach. Did I mention to avoid burn out? Pace yourself.

Anonymous said...

P.S. I mentioned survivalblog only because you and others have, not because I think it's better than your blog. Maybe it is, maybe it isn't. We need lots of different voices and views, and I appreciate yours. That was my point.

Anonymous said...

BTW, how do we send you a private message?

fallout11 said...

As anonymous poster #1 says, taking on fixed rate debt in order to prepare, especially unsecured debt, is a very good idea (imho).

As with Argentina, Zimbabwe, or Wiemar Germany, hyperinflation (already raging at between 11% to 33% annually, depending on what you go by) will effectively monetize your debt away, assuming you can make the payments. One day you will be able to come home and pay off your home mortgage with a single paycheck, assuming you still have a job and can make the monthly payments.

James, I read your blog primarily for the rapier wit and cynical humor. Most of the survival tips found here and elsewhere have been known to me since the early 1980's, back when the evil commie horde was going to nuke us all to hell (turns out they were pretty much like us, and as scared of us and 'ol ronnie raygun as we were of them, classic demonize-the-enemy propaganda), but I still find the occasional gem.

However, it is your extremely keen observations, screeds, and rants that bring me here. They can be as long or as short as you like so long as you still enjoy the writing.
Take it easy, and keep up the good work.

Roccman said...

James - I posted a link to your blog at peakoil.com

well received.

great blog keep up the good work!!

A. Lurker said...

One thing I keep looking for are the cards with the 'zero interest on balance transfers'. I've managed to do this for the past three years keep the balance pretty low.