I read your blog religiously and have found it a gold mine of wisdom based on fact... someone who is living the collapse.
I've been preparing for whatever may come for several years now. Food, fuel, weapons, tools, ammo, armor, first aid gear, generators, seeds, gold, silver... almost everything I could imagine. In addition to the material goods, I have updated or learned many new skills to help me cope with what may come.
I am Canadian, and self-employed in a business I have grown to hate over the years. The economy is beginning to affect my business. Reliable and effective staff are becoming harder to find and my health is beginning to suffer from the stress of trying to keep everything together. Another blow is that I do not own my own property. Been renting for decades. It has been impossible for me to get a mortgage for a variety of reason... the main one being that the banks here take a dim view of self-employed individuals. Even with the generous downpayment I have available, banks do not want to loan on rural properties. Too much risk they say... ha!
I have a low offer on my business which combined with savings, and liquidation of other assets, will buy me a decent property away from an urban center. A big downside is that it is worth easily double of what is being offered, just in assets alone, not too mention the reputation I have and the clients I already have. Another downside will be that I will be next to broke and my income stream will be gone. I would have to find a regular job, which will be difficult outside of urban centers, to keep the lights on and pay the taxes. In the meantime I plan to become as self-sufficient as possible to lower my expenses. The big plus is I get rid of my main source of stress, which I am afraid will kill me if I continue the way I am. I have had the business for sale for a year and no one except this person has even looked in my direction. This business will also become completely redundant if things get bad here
I'm really stuck. Could I stick it out for a few more years and come up with the balance needed to buy a retreat outright? Yes... if the economy doesn't get any worse. Will I have heart attack from the stress? Maybe, but I should be able to hold out for a few years. Do I have a few years before it all falls apart?
I have physical gold and silver holdings away in safe locations. My hope is gold and silver will rise to what they should be and I won't have to worry about a mortgage or selling my business. I'm not one to hold my breath... it could take forever for them to be where they should be or they could just go down.
The other piece of good news is I do have family in a rural area and do have plans in place to relocate there if the wheels come off suddenly. I have transport for my goods and the stored fuel to get me there. At least I am not without a place to go.
Any wisdom you can offer would be greatly appreciated.
Hi Steve (lets try to get rid of the doomer part :-) )
Thanks a lot for reading and I’m glad you find my blog useful.
Sounds like you are a lucky man, you have a well rounded setup in terms of material preps and skills.
Still you are apparently having problems in a much overlooked aspect of survival: Your finances and income.
Some survivalists concentrate so much on the unlikely that they overlook basic everyday issues such as having solid finances, a good job they enjoy and a well rounded budget.
There are survival experts that literally prepped themselves into bankruptcy. Even Mel Tappan admitted his greatest survival edge: A multimillionaire wife. :-)
Yes, money is supposedly mediocre tinder and worse toilet paper according to some survival gurus but who are they kidding?
An economy collapse catches these folks with their pants down, because it strikes where least expected: Their pockets.
Back to your email, I can only give you so-so advice since I don’t all the details but here it goes.
First, look at the bright side, you have your preps already and you have your own business.
My friend, thats more than most people reading this have.
About the stress, I hear you and it is true, it gets to you and it will get even worse until you take measures to fight the stress and change your attitude regarding everything, not only work.
Finding time for yourself, relax more, a hobby, quality time with the family and again, a relaxed attitude all helps.
My most humble advice and not knowing all the details: Don’t sell, specially at such a low price. It really isn’t the time to take such risks, with inflation and unemployment around the corner.
It worries me though that you don’t enjoy your job, that certainly is a problem because your supposed to enjoy what you do for a living, otherwise it affects your productivity and even worse, your life, and your supposed to survive to live and not the other way around.
Get rid of the idea of self sufficient as mythical goal where you reach it and you no longer need anything else. Unless you want to live in far less than ideal conditions, self sufficiency reduces your dependency of society, but it never eliminates it.
We’re all so self sufficient until we need to go down to the local hospital and try every trick modern medicine and technology has to offer. Money, proximity to proper health centers, you’ll always need them and use them sooner or later. The frontier settler was a self sufficient guy… and died at age 35 average.
I’m sure you have reasons to be stressed, but know that it could always be worse. That’s a lesson learned the hard way.
Not knowing what the business is about, is there any way you can change what affects you about it? Could you change the way you do business, how you do it, the people you relate to?
Is there a niche or aspect you’d enjoy more, or one you can diversify into that could apply to a crisis scenario? (there always is)
You’re looking at the half empty glass Steve, concentrate on the good things you have. They are many. You have your family, your preps, savings and a business you own. Man, most people would kill for that.
I’d tell you to look at your business from another perspective, try to change it into something you do enjoy. A self owned business and even more important, a hard earned reputation isn’t something you just want to throw away for ½ its price. Specially not now.
Don’t count on SHTF the way it would be convenient for you (what you said about gold) it almost never does.
Remember, stress has a lot to do with your attitude, change that, change the way you work, work less and if you don’t like your work much concentrate on the 80/20, the 20% of it that generates 80% of your profit.(Pareto Principle)
Take care man,