Reduce unnecessary expenses from "summary" of CONQUER The CRASH-You Can Survive and Prosper in a Deflationary Depression by Robert R Prechter
To survive and thrive in a deflationary depression, it is imperative to cut back on unnecessary expenses. This concept is crucial in times of economic turmoil when financial stability is uncertain. By reducing expenses that are not essential for survival, individuals can free up resources to weather the storm and maintain a comfortable standard of living. Unnecessary expenses can come in many forms, from luxury items to excessive spending on non-essential services. It is important to identify these expenses and prioritize the ones that are truly necessary for daily living. By distinguishing between wants and needs, individuals can make informed decisions about where to cut back without compromising their well-being. One w...
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