Playing the numbers

[Scythe13]

(12 December 2012, 17:36)Tarrel Wrote: Say there's a banking crash. Preparing for it might mean holding some cash to use if the ATMs fail (good idea), but planning on it might mean maxing out your credit cards in the belief you won't have to pay the money back if the banks crash (bad idea)?

Exactly that! Spot On! That has earned you an extra rep point!

If you spend all day everyday prepping, planning ON an event, then you're planning your life around an event, e.g. bank crash, as you said above. However, if you plan FOR it, you'd have cash on hand and maybe precious metals etc.

That point about 'playing the numbers' is based on the principle that an event is unlikely to change the world. It is possible, so it makes sense to prepare for it. Since it's not hugely likely, it makes sense to enjoy today and not plan your life around an unlikely event "When the ice age hits.......Sorry mate, it's sunny today, and you're missing out on the sun" that kind of thing. If you enjoy prepping for a world changer event, then enjoy yourself, but be realistic and admit it's not guaranteed to happen in your lifetime.....infact it's unlikely to happen in any of our lifetimes. But that 1% chance, means it is worth getting ready for, but not obsessing over.