I will let you go read the column, because the advice is gold. But here is the outline to the financial advice you will get from today’s Austrian guru, Robert P. Murphy:
- Save more
- Develop Multiple Streams of Income
- Sell Your TVs
- Build Up at Least a Month’s Worth of Expenses in Cash
- Tithe or Give to Charity
- Eliminate Variable-Rate Debt as Quickly as Possible
- Acquire Some Physical Gold and Silver Coins
Go read it. These are things everyone should know.
Not to distract from the above, but one of the most important MisesDaily articles Murphy has written is this one, on capital theory and how important it is in economics.