AMA: How do you plan your life financially in a collapsing world? Do you bother?
Apr 25, 2024
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The podcast delves into planning finances in a collapsing world, discussing investing, mortgages, retirement savings, prepping, and homesteading. It explores the impact of collapse on various systems like finance, energy, and climate, prompting a reevaluation of priorities. The speaker provides personal insights on adapting to change and building connections in a challenging world.
Reevaluate financial planning strategies amidst global collapse for alternative wealth management approaches.
Shift focus from traditional investments to prioritizing relationships, community, and societal contributions for a purposeful life.
Deep dives
Understanding Collapse and Uncertainty
The podcast discusses the notion of collapse and uncertainty in various systems like climate, finances, and resources. Experts have analyzed that the growth and complexity of civilizations may reach a peak around the 2020s, leading to a subsequent decline due to resource limitations. Different parts of the world may experience these limitations differently, such as climate collapse or economic resource challenges.
Rethinking Money and Investments
The episode delves into the impact of collapse on financial decision-making, urging a reconsideration of conventional saving and investing strategies. With heightened uncertainty about the future value of money and investments, individuals, including the host, are exploring alternative perspectives on wealth and asset management. The discussion emphasizes the necessity to adapt financial planning approaches amidst evolving global conditions.
Prioritizing Values and Social Connections
The podcast suggests a shift towards prioritizing relationships, community building, and meaningful connections in the face of potential systemic changes. Rather than solely focusing on traditional investments, there's an emphasis on investing in social networks and humanity-focused fields like engineering and care industries. This reevaluation encourages individuals to embrace simplicity, cherish human experiences, and contribute positively to society, ultimately guiding them towards a more fulfilling and purposeful life.
As we become aware of climate collapse and its ripple effect on the financial and energy systems, and as houses become uninsurable and fossil fuel markets get wobbly, do things like investing, mortgages, and retirement savings become moot?
A Substack reader asks me how I’m personally prioritising these things, and I answer candidly. The chat moves into prepping and homesteading considerations. Background posts and pods about collapse are provided over at Substack, where you can WATCH these bonus episodes and join a conversation afterwards in the thread (and post a question for future AMAs).