What should you do once you get out of debt? The truth is that many people resume old financial habits after they successfully get out of debt. That would be bad enough during normal times, but considering the fact the we are headed for another Great Depression, it is imperative to fundamentally change how you manage and spend your money after you do get out of debt.
So what should your financial priorities be in 2010?
Well, because in the hard times ahead, food will be an incredibly valuable resource. Owning farmland will put you in a very good position whether you wish to grow your own food or sell food to others.
In addition, gold is a great way to preserve your wealth. The reality is that an ounce of gold could buy an expensive suit 100 years ago and an ounce of gold can buy an expensive suit today. But the purchasing power of U.S. dollars has declined by over 95 percent during that same time frame, and the value of the dollar is about to go down dramatically once again.
If you don't have enough money to invest in gold, then what you need to do is focus on the things that will be necessities during an economic meltdown....
The reality is that most Americans live month to month and they have very little stored up in case an emergency strikes.
Don't let that happen to you and your family.
Once you get out of debt, turn your full attention to preparing for the incredibly hard economic times that are coming.
When those times arrive, you will be very glad that you did.