7 Practical things to do during an Economic Crisis

[@DavidMN-]

1) Prioritize Essentials - Have a strict budget for what you need, not want 2) Consult Financial Advisor/Planner 3) Debt Reduction - Pay off your highest interest rate and work your way down +) Have cash put back, be liquid so you can use it when you need it 4) Precious Metals - Gold, silver, high value assets 5) Have a second source of income - Be prepared for layoffs 6) Get rid of things you don't need - Clear clutter, maybe make some cash 7) Prep - Put back food, water, medical supplies

[@dora_the_explorer975]

Thanks!

[@notbarbie582]

You just saved me 12 minutes of eye rolling. Thanks!

[@HS-vr9ml]

Where's safe he only advises stock exchange on a share thats plunged

[@justnana2256]

I never eat out, my last vacation was in 2001 and my only "luxury" is Wi-Fi for my house and the only thing I'm buying on credit is my house. I pinch every penny till it screams. You might think this is a boring, tedious existence BUT knowing I am not horribly in debt and can help my children, grandchildren and great grandchildren makes my life very satisfying and calm. ❤️👍🇺🇲

[@Pandapoo44]

Debt is the worst. I wouldn't trade 5,10,20 million dollars for good sleep.

[@steveh5307]

Life is a balance and moderation. You can treat yourself once in awhile and still be on track financially.

[@justnana2256]

@@steveh5307 Not really. After I pay everything I usually have less than $50 left over if I'm very careful with my food money and it goes into savings for emergencies like car tires or a plumber.

[@SilverBull-r3c]

What a depressing life, might as well live in a van by the lake

[@namitajain68]

Be frugal. Not miserly.

[@dissy5563]

My personal list... Get out of debt Cut expenses to bare minimum Sell unneeded stuff for cash Don't buy stupid stuff Kick those bad habits Get healthy Fix/do it yourself Dont keep excess dollars in the bank Have an emergency fund in cash at home Think about security, get training Work O.T./extra job/side hustle Buy REAL assets,think barter Have 3-6 months food & supplies Plant garden, raise chickens & rabbits Sleep well at night.

[@aloksrivastava7938]

+ have at least two sets of all necessary tools and equipment.

[@andrewhoium1766]

I have all of that and still don't sleep well at night... I worry about my community, I try to speak with others around me but they all look like I'm crazy.

[@aloksrivastava7938]

@@andrewhoium1766 Be cautious of them. When they are not prepping then they are not your community. Their only plan is to steal from you when things go bad. Now you need to be secretive about your preparations. Keep a low profile.

[@kenlandon7803]

Cable tv, Netflix I do not miss at all.

[@markwhittington5020]

Common sense applied. Thanks for the reminders.

[@KoniB.]

Amen and amen to all points given. We need you and Robbie to continue to direct us and encourage us, in order that we continue to be fearless and prepare, in the face of the incoming onslaught of craziness. Thank you for your continued support.

[@titanpreparedness]

Great list and ideas. I could see us having some type of recession in the next few years. Might not be a full-blown great depression but it's still going to be a rough time for many folks.

[@shawnrobbins7615]

Great content and good general advice. Thank you.

[@andimarshall2261]

Thank you! Good ideas!!!

[@dugger5302]

Great video about saving money on vacation. What about a cheap room on the Sootch compound for Range day weekend and an ammo packet? Lol

[@freedomring3022]

get out of debt as quickly as possible. the worse thing you could be in when the economy crashes, is in debt. The odds are great you may you lose your job. If you don't owe anyone money, you could hold out for a little bit until you can land some gainful employment. Make sure you have an emergency fund that covers 3 to 6 months worth of expenses, food, utilities etc.

[@chupacabra304]

Not recommended, but *potentially* could work in ones favor As the debt is fixed and as dollars inflated it’s possible to sell a single stock or bullion for more than the entire amount owed and slapping that down and relinquishing the debt I just heard that on some financial advice channel I’m not an expert but it made sense to me

[@Synistercrayon]

The ONLY thing that gives me piece of mind is having a personal relationship with my creator. I really do wish you well with your gold and silver.

[@judipepper6066]

Thanks!🙏💜🙋🏻‍♀️Shalom from NW GA

[@shirleygriffin7672]

Excellent and thanks for sharing

[@BrianBevan-v7h]

I'm 60+ and getting ready to pull all my 401K investments out and got all cash out of the banks 🏦 3 years ago. I've also been silver stacking as well. I say only leave enough money in the bank to keep your account open and withdraw the same day you get a cash drop into your account. I have zero credit cards and use cash but do have 2 prepaid debit cards. Yes cash is king!

[@jopiaspieder1184]

Outstanding

[@lisalaufenberg6002]

Before you pull out all your 401K money, remember you will be taxed on it. Talk with someone, maybe just move the money in your 401K from riskier investments to a safer bond type of investment, then you will not be taxed.

[@jerryjeffberry]

Thanks from Nashville

[@RobertHarrison-b9r]

Hey Nashville this is Cleveland, TN stay safe and God bless. Trump Vance 2024

[@krysium]

Our vacation was a cabin in blue ridge Zip lining White water rafting Trail riding etc As soon as the kids are old enough we are hitting a stunt school But we sacrificed our first decade of work to invest a LOT and are now set up pretty nicely

[@jennifersmith258]

I enjoy your videos but I LOVE the bloopers at the end!! 👍🏻 keep it up!

[@billbuyssilver76]

Thanks! I like the shorts...

[@sarellawolff7196]

Toothpaste for burns. It works even better than ice! Slather White Toothpaste immediately on the burn to stop the pain in a few minutes and stop the burn from going deeper. A must have!

[@ibyisabeast]

Another way to save money: stop watching sootch gun reviews 😂

[@DiscoverTruth-yl3pr]

Right now, there are some banks offering high-yield savings accounts. I sold all of my stock and moved the funds into a 4.5% high-yield savings account. Safe returns.

[@krymsonshenk6050]

I liked the bloopers at the end😂thanks for sharing and the advice

[@TeklaB34]

I followed for a bit the cat bloopers are my favorite ❤️ big softy

[@ApocGuy]

#8 grow your own food/ buy locally/ learn how to raise chickens, rats, rabbits and guinea pigs/ learn how to grow and can veggies

[@redheadedtrouble6332]

rats???

[@ApocGuy]

@@redheadedtrouble6332 why not? Lab grown rats are just as good as any other big rodent . Not my first choice, but if hunger strikes I won't pass the meal. Guinea pigs are rodents too 🤣

[@Hollylivengood]

@@redheadedtrouble6332 Truth. Many of my friends from third world countries tell me it was common for them to eat rats. They tell me they taste very good. I can't make myself do it, but they are close by, easy to get, and actually good for you.

[@Riggsnic_co]

The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?

[@JacquelinePerrira]

Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.

[@Jamessmith-12]

I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m

[@kevinmarten]

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

[@Jamessmith-12]

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@kevinmarten]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@nannyrx54]

Great analysis- junk silver vs US coins vs Canadian silver?

[@trekker8033]

I have all 3, just in case. FYI, Cdn silver pre 1964, is only 80% silver, whereas pre 64 US silver is 90% silver.

[@TheParallelSound]

All 3 for me. Gold 1 oz I get American eagles. Silver I buy junk and buffalo. When I want to buy gold but not a full ounce I buy 1/10 maple leafs as I find the premium on maples tend to be lower.

[@deanwalley2435]

Probably should do a video for the poor people that don’t have much money

[@CogentAnon]

You don't have many options if you're poor and don't have money. What's he gonna tell you to do? Make more money?

[@mikedarella9014]

Improve your aim​@@CogentAnon

[@tennesseeterri]

​@@CogentAnon sometimes it comes down to making different choices. Same amount of money, but different options.

[@Kassel348]

Purchase a silver dime once a month. Make more money. Spend less on fast food, cigarettes, and alcohol (etc.).

[@kevinstone6138]

He is literally saying stop spending frivolously like eating out and vacations.....sounds like he's absolutely speaking to poor ppl

[@TH3TAN3X]

the blooper reel killed me lol XD

[@jopiaspieder1184]

Try to avoid loans if you can

[@JamieNicole1000]

Cash is not king when the dollar is worthless… and when you keep it in a bank that could do a banking holiday if it crashes

[@RobertHarrison-b9r]

Gold and silver 👍🇱🇷

[@RobertMcclean-ed4eb]

Good list, with one exception: take responsibility for your own investments, avoid financial planners or advisors that charge 1 or 1.5% to do what you could easily plan and execute yourself. You can own ETFs that represent the overall stock market and bonds, with much lower cost, and balance the mix as you see fit. Just like so many prepper skills, learn to take control and do it yourself. If we are reducing expenses, firing your financial advisor can save a lot of money

[@loueckert4970]

NUMBER 8: PRAY FOR AMERICA

[@janiceshrope4062]

A common sense list. Thanks.

[@beaversstumpgrinding3352]

Rusty ol cats are the best.

[@roncameron7461]

As always thanks! Just my 2 cents worth...gold & silver sounds good but food, clothing and durable goods that you can barter with seems a better investment to me these days...🤔 Just my opinion 🙂

[@PabloP169]

Take care with choice of financial advisers. When I retired, my former employer recommended I use a particular financial adviser, but after a few years i found that their charges were more that the interest that their plans provided. So I dumped them and would you believe that they couldn't understand why I did so. Since then I have managed my own finances.

[@chrissewell1608]

Stop eating out for 1 month, and see how much money you saved! And I mean all meals! You'll probably have an extra $1,000.00 easily!

[@carolynrose1816]

Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, middle East crisis. How many crises can a koala bear? I'm approaching retirement with comfortable millions, yet scared of a recession. Where do I best grow my money?

[@Dollrnri]

Diversify… T bills, CDs, Gold, Stocks, Municipal bonds, Bitcoin, Real estate, etc assets speak when cash has no value

[@PauleAraiza]

I would advise the counsel of a seasoned financial pro. It may be expensive, but as the old saying goes "You get what you pay for." "Expert solutions require Expert providers" - my mantra.

[@AddilynTuffin]

I agree, investing with the help of an advisor set me up for life. Retired with about $1.6m in stock portfolio only. I max out my 401k and have few properties. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. Supplementing my income with stocks and alternative investments helped me achieve early retirement.

[@NO-TIME170]

@@AddilynTuffin Bravo! I've worked in real estate for over 25 years and have neglected a major stock portfolio, however I need a different plan now... mind if I look up the professional guiding you please?

[@AddilynTuffin]

My CFA is Victoria Louisa Saylor, experienced advanced lady and also consults for a N.Y based brokerage hence is independent and can be a fiduciary to you. Look her up.

[@ginnypeveto7168]

I retired with a golden parachute settlement in 2000. I invested the lump sum in the stock market as advised. I lost half of it after 9/11. I would much rather had that money in a low return fund rather than losing half all in one swoop and never was able to build it back up to where it was! The stock market can be extremely volatile especially in times like these.

[@jmythngdmb]

The day stock market stops going up long term, it won’t matter anymore how much you have or don’t have. The market was at all time highs a few weeks ago, if you are just investing you hold. When the market crashes you buy more. There is no reason you shouldn’t have made your money back and way more except that everyone got scared and sold when it tanked. Look at the market like a pair of jeans. You don’t buy them when they are being sold for $100 a pair, you wait for discount, when everyone else is freakin out you buy for a discount. If i knew what I know now I would have put every extra penny in a total market fund right after 9/11, I’d be all set today.

[@ginnypeveto7168]

@@jmythngdmb excellent point!

[@PP-uv1kw]

GOLD never changes.... government paper script constantly decreases in valur.

[@rbs0648]

Be wary of rare coins, in a true SHTF numismatic values plummet to melt value.

[@athenaparish72]

When if you barely have these essentials?

[@paulkelzer5038]

Debt....That's NOT what Dave Ramsey says. Pay off the smallest debt first then use the debt snowball for the rest...just say'in.

[@janaek374]

Don't forget 🍺... 😂

[@michaelmccullar2982]

We are literally in a Great depression

[@lisalaufenberg6002]

I feel blessed to have a Gramma I was very close to that lived through and raised a family during the Great Depression, during the depression, unemployment was 25 percent, she taught me many skills.

[@stevelyons2744]

😂Advisor? If I did, I wouldn't have anything to advise.

[@georgeyao436]

Very few people understand what money or the financial system really is. Wealth like energy can neither be created or destroyed but change form. The question is what form will all this money take so you can profit from it in once in a lifetime wealth transfer from one form to another. That is the power of thinking outside the system of the paper/debt based financial system to an asset based financial system. You will own nothing if the financial system crashes and you can't get your wealth out of perpetual paper/debt system. The system is designed to keep you firmly in its grip. Like the Matrix, are you going to take the red pill or blue pill. Wake up before it is too late.

[@leopardwoman38]

Your cat is a cutie! 😻

[@zombiehunter0000]

Vote early and often !!! MAGA

[@nwrealteam]

Great advice for those who wish to remain enslaved to the fairytale financial system (as long as it holds together?) DD

[@chezpiece]

Why am I seeing Kamal Harris Comercials,she seems drunk !

[@johnniwa308]

Invest in canned food and lead.

[@sandybeach3576]

Another good, useful video. Thanks

[@MENSA.lady2]

I've swapped most of my savings into Gold. I don't trust banks.

[@athenaparish72]

Whats a vacation

[@marklawyer5221]

Completely disagree you cannot eat gold your money will be gone if it’s in the bank when computers go down. Keep you cash stashed have food and water for at least 3 months

[@nolomus]

We common folks should also invest, if you invest $50 a month at 5% over 30 years, you will end up with a final capital of $39,863. This is made up of $18,000 in deposits and $21,863 in interest or capital gains. Investing is not only for the rich 💪

[@dontAtMe69420]

39,863 in 30 years will be the equivalent of 20k now. Actually, I think in 30 years the new financial system will already be in place where money as we know it now will be worthless. So it doesn't really matter.

[@ApocGuy]

With current inflation? You will be be happy if you get out 15k. IF ....

[@jmythngdmb]

Most people would be best off just investing in a total market fund. Like VTI for example. The idea that this doesn’t make sense due to inflation is nonsense. Cash depreciates BECAUSE of inflation, long term investing in a total market fund beats inflation by a long short because of compounding interest. Just look at the charts. Tell me where VTI was 20 years ago and now look, same with QQQ and SPY…..just saying. Wish someone had told me back then.

[@athenaparish72]

#1 pray

[@JC1980-c4n]

Get out of debt like us. First move. Common sense. Second Amendment ready.

[@Luther79345]

Don't buy that Walther PPK, buy a Raven.

[@loriwilley7143]

He is wrong about using the debt avalanche (highest interest debt first). Studies prove that the debt snowball is more successful in reducing debt. Payoff your smallest debt first then roll that payment onto your next smallest debt. Listen to Dave Ramsey.

[@barbarafallin2038]

It's up to you ,how you want to pay your debt off,everything doesn't work for everyone

[@davidpeck7455]

The world is going to war… By Lockheed Martin!

[@johnniwa308]

Raytheon is my favorite.

[@freedomring3022]

Gold and silver are nice ... I like both, but lets face it, the last time the USA had a depression the federal government confiscated everyone's gold.

[@Sit_A_Spell]

What they don't know...

[@Rubberducky95]

lol you’ll be fine as long as you don’t announce to the world that you buy gold quite often

[@freedomring3022]

@@Rubberducky95 agreed

[@williampeterson2952]

Buy your precious metals with cash at a local coin shop.

[@Fritz0616]

But this content creator just announced it to everyone that watched this video that he has several gold bars.

[@marciaford7882]

😂I have never been on vacation and never will waste of money don't have cable and walk to work and back from my only treat is a iced coffee from McDonald's 3 times a week

[@k.j1053]

I believe that we are facing a global famine in the coming years that will be so extreme that billions of people will die. Due to the massive worldwide decline in insect populations, the entire ecosystem will collapse in a few years, and it will be 100,000 times worse than the Great Chinese Famine caused by humans in 1959 when Mao ordered the extermination of sparrows. Do you have any tips on how to protect ourselves when there will be many food shortages and the entire ecosystem collapses?

[@josuet4805]

1.8k 👍

[@Kat-rl3ie]

Get as much debt as you can. As banks go bad your debt will be wiped away. You get your stuff. Especially buy silver and gold(in hand) with credit card. You have silver or gold and bank can take my credit card and give me bad credit. Everybody will have bad credit. They can take your house or car but not your gold or silver.

[@dissy5563]

Horrible advice, you need to prepare for total collapse not happening also. In your scenario, we would be screwed.

[@cavemanjoe7972]

This is really, really stupid. Don't do this.

[@russelldias5131]

Horrible advice, and they'll take everything you have, as Claus Schwab said, quote you'll own nothing.

[@TheTdub]

Sootch, you need to reach out to your fans/subscribers somehow. I don't know how it happened, but you were deleted from my subscription list.

[@marciaford7882]

Only eat 1 meal a day take a 10 minute shower to save water

[@jamesm2881]

Buy some bitcoin. Gold hasnt kept up with inflation.

[@lastchanceshinythings47]

True. But it is also bound to go 4x to 6x soon. Like when it jumped from 300 to 1800 per ounce.

[@cavemanjoe7972]

​@@lastchanceshinythings47it wasn't a 'jump', that happened over 20+ years.

[@russelldias5131]

Bitcoin sucks, great way to lose money, I've seen 6 people lose thousands. 👎👎

[@williampeterson2952]

If you don’t hold it, you don’t own it. Feeling sympathy for the people who bought Bitcoin at $72,000. 🤦‍♂️