You can reduce your outstanding debt with just one easy rule. The Plus 1 Percent Rule accounts for the monthly interest charged in each payment you make.
Take your initial payment and add 1% of the principal.
The American government is staring at total obligations of US $115 trillion, America’s debt-to-GDP ratio is off the charts and the American public is also up to its eyeballs in debt. Under this scenario, you can bet your bottom dollar that the American establishment will try to reduce this debt overhang through a process known as monetary inflation. If you have any doubt whatsoever, take a look at the chart below, which captures the incredible expansion in America’s monetary base.
How to prepare you finances for depression. Cut costs, pay down your debt, and increase savings, are all steps that you need to take to prepare for a depression.
Regardless of it being an inflationary or deflationary depression, you would not want to be vulnerable to skyrocketing prices or a food shortage. This was the main reason why you want to invest in your food supply today, because the longer you wait the more the prices will rise.
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