If you’re living on the edge (or want an edge), this book isfor you. The goal is to offer as many practical solutions aspossible and show you specifically what you need to do tosurvive this brutal “repression” (something between arecession and a depression) AND take advantage of it.
You will read things here that you haven’t readbefore, and because of this, you may think I’m a little nuts.But remember, just because everyone is saying one thingdoesn’t make it the right thing.
Sometimes following traditional financial advice can get you in trouble. This isn’t tosay all traditional financial advice is bad. In a normal economy, it makes a lot of sense…but normal is so 2007. We need new strategies for the new challenges weface.Of course you should pay off your credit cards, right?
. Pay down yourmortgage?
. Contribute to a 401(k)?
. (when I went on Good Morning America and told people to stop investing in their 401(k)s, you wouldn’t believe thefeedback I got!)The question you should be asking yourself is, “Have I done everything I can to makesure I get through this economic crisis as safely as possible?” If you have, great. But you probably haven’t done everything you’re going to read here.This is a how-to guide that will show you what actions you need to take to protect yourself and your family. I have no idea how long or how deep this recession isgoing to be, but as of this writing (April 2009), it’s looking like it could be one of ourugliest recessions. That’s why it’s called Plan Z. My fear is that plan b, plan c, plan d,etc. might not be enough this time around. Because nobody knows how bad it isgoing to get, you need to prepare for the worst—you need to have a Plan Z.