Welcome to Income and Economics, a topic dedicated to fortifying our ability to provide for ourselves, our families, and our communities.
In this topic, we aim to delve into the tactics and strategies that will equip us for probable financial emergencies, from unexpected home repairs and automotive breakdowns to the uncertainties of recessions and unemployment. We also address ways to safeguard against the less probable, yet highly impactful emergencies like fires and natural disasters.
Since most of us have limited resources, we must prioritize our efforts and investments. One way you might prioritize is by likelihood of the emergency, while insuring against the improbable (but highly impactful) types of emergencies. (For example, temporary unemployment may be more likely than your home being destroyed by fire). Also consider focusing on immediate needs (shelter, water, food, medical care) first, while investing over time to cultivate long-term self-sufficiency. We understand that resources may be limited, and achieving full independence can be a gradual process. Here, we strive to make that journey manageable and, most importantly, successful.
Starting from the basic financial planning concepts, we’ll work together, creating a roadmap towards economic self-reliance. Navigating these waters can be difficult, even more so in times of distress, but by understanding these principles, we’re laying the foundation for resilience.
Our community consists of those who value individualism and self-reliance. We are proactive, ready to protect ourselves and our loved ones from potential economic hardships. We understand the common tendency to overestimate the impact of improbable events while neglecting the more likely ones, and we are here to address this. We will confront the mundane, yet crucial issues, and maintain balance to our financial planning.
That being said, this space isn’t just about learning—it’s about engagement, participation, and collective growth. We wholeheartedly invite you to share your own thoughts, ideas, and experiences. Your insights and unique perspectives are invaluable to us all.
Whether it’s a question you’ve been pondering, a story you’d like to share, or an innovative strategy you’ve found successful, we welcome your contribution. Remember, your experience might be the key to helping someone else navigate their financial journey.
At American Contingency, we are not just observers—we’re collaborators, actively shaping our own and each other’s futures. As we learn, grow, and navigate these financial waters together, we’re not just preparing for emergencies; we’re building a community of financial resilience.
Let’s embark on this journey together, fortifying our financial landscapes and fostering a community of resilience. We’re excited to learn from you and look forward to the shared wisdom and prosperity we’ll cultivate in this space. Welcome to Income and Economics!
Skills to be done at the local chapter.
1. Discuss with your group how the events in the world could leave families vulnerable economically and how to overcome it.
2. Advantages of buying gold and silver.
3. What percentages of your income do you use for preparedness?
4. Prioritize the purchases of your emergency preparedness items.
Courses You May Be Interested In…
- Courses are currently under development for this group! Check the full Course Catalog here.
The AmCon Member Network has hundreds of groups for both geographic and topical interests. Income & Economics groups coming soon.
Here are a few recent posts from the Income & Economics:
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I swear we’ve been here before. Not too long ago I wrote about whether we should invest in silver and gold – and now the…
Should I Buy Gold and Silver?
Should you buy gold or silver? The other authors and I had a quick text about this and then I posed this question to my…
Income and Economics
Guys, I am no economics expert but I do know one. This is a video by Mark Moss on his YouTube channel where he explains…