March 6, 2012
By Phil Burns
Alt-Market.com
Principle 1: Practice Thrift And Frugality
Principle 2: Seek To Be Independent
Principle 3: Become Industrious
Principle 4: Strive Towards Self Reliance
Principle 5: Aspire To Have A Year's Supply Of Every Needful Thing
"The most common effect of living an abundant life, as many of us do, is complacency. As we progress and develop disposable income the complacent tendency is to adjust our standard of living upwards by purchasing a bigger house, a new vehicle, a boat or other recreational toys instead of investing that money to insure the standard of living that we previously grew accustomed to. It is most prudent to instead, in times of largess, not expand your standard of living right away but to choose to ensure that if the current boon withdraws the family is not affected by it. Complacency however, leads us down the path of seeing increased income to the home as play, expendable, or rewarding money – all of which it can be with the proper perspective. That perspective is to view this blessing as an opportunity to ‘play’ at increasing our stores as much as possible, to purchase as many ‘expendable’ goods as possible – that can go into storage, or to ‘reward’ ourselves by adding a more expensive item to our storage that will significantly increase the amount of coverage our Standard of Living Insurance provides us. It also gives us the opportunity to scrutinize our funds and storage to determine if the family can splurge a little and enjoy some recreational time without it impacting the bottom line of our Standard of Living – but adamantly without changing our cost of living.
Following the Principles of Preparedness allows heads of households to reduce stress, find peace and be comfortable in an ever-changing and tumultuous world." Read More
