POSTED: July 30, 1979 (C) Howard Ruff

Ruff’s Tips for Rough Times

1. Keep your money out of savings accounts, insurance policies and investments with fixed return.

2. If possible, pay off your residence completely if it’s in a secure place.

3. Cut your standard of living or get a second job to settle all outstanding consumer obligations.

4. Borrow if necessary only to finance income-producing investments like real estate.

5. Store up a year’s supply of food.

a. Don’t rely on frozen or canned.

b. Dehydrated foods are better, because they are generally less expensive and occupy less space.

c. Freeze-dried are a good supplement because they’re easier to reconstitute, tastier and offer elegant “reward” dishes like beef stroganoff.

6. Buy one bag of silver coins for every member of the family “in case of a total collapse of a paper money economy.”