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The Government bailouts and handouts have made a economic depression very probable. And as we all know, these type of situations can have a major toll on you emotionally, financially and emotionally. However, the truth is, you can survive if you take the necessary action right now. Here are 7 things you must do right now if you would like to survive the coming

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#1 – Protect Your Finances – The dollar is losing its value. Your best bet is to buy gold so that you can protect your purchasing power.

#2 – Start Being Frugal In Your Spending – You want as much cash on hand as you can get when you are going through an economic downturn. So begin cutting back on your expenses ASAP. Quit exercising as much and rather choose to eat in your home. No longer designer bags and shoes. Take that money and place it towards assisting you to prepare for an economic down turn.

You will never know what could happen. That is why it is so important that you have a group of people that you know you can rely on. If you’re working together, you’ll be better able to survive. So have a backup plan. Make sure to have somewhere to go should you no more be able to stay in your current residence. Also ensure your family and friends can also depend on you if they need to during this time.

A good deal of jobs will become obsolete during an economic downturn. That is why its important that you come up with other ways to make money. And yes there’ll still be plenty of money to be made. If you examine the Great Depression that you are going to see that many people came out of that situation as millionaires. So determine what people will want and be the one to provide it. Good services include angling, fixing tools and sewing