My brainstorming thoughts on that article above:
#1) You must have your own business.
This was dated around 2020, and since then we saw vaccine mandates causing thousands and thousands of job losses, so hard to argue about the value of having your own business!
#2) You must have location independent income.
This has always been a big deal to me, thankfully, but in retrospect I wish I'd never offered services on an hourly basis. I liked my clients, but I should have focused on stuff you can sell digitally (not trading $$'s for my hourly time) + stock/crypto trading that requires no customer or client maintenance.
#3 You can’t live in a city.
Agree for a zillion reasons. Just to name a few recent obvious ones: The "defund the police" woke stuff combined with Bolshevik Lives Matter and all that led to skyrocketing crime rates in the cities that I used to live in, especially the deranged bolshevik !@#$hole known as Portland, Oregon. (Thank god I got out of that !@#$-hole! I left there a long time ago before it had gone down so hard, but I still have friends living there and it sounds bad.)
#4 You must have at least some non-Western income.
Non-Western income streams is very smart, and I need to look more into this. I have a bit from sales, but the payment processors are US-based, and also the majority of customers (who I really appreciate btw) are nonetheless from Europe which is also going down, LOL.
I trade stocks, which theoretically can be done anywhere, but the exchanges again are US-based. I'm going to have to look into this more as one of my priorities.
It's tricky, because they can change the rules whenever they want. (I recall that people who once had Russian bank accounts, for example, had them shut down because of the FATCA thing. It seems safer to have US accounts while still stuck here, but maybe not, and either way focusing on foreign income sources or clients in the places you want to escape to is probably a really good idea.)
#5 You can’t have any debt...
This one is probably debatable.
For "normal" people who have been conditioned by conventions to run up high-interest credit cards for just consumer stuff, sure, debt is bad, or at least dangerous.
However, while the bloodsuckers from the international banking cabal hold interest rates at surrealistically low levels, people are locking in loans at incredibly low rates while inflation runs hot, and a lot of loose money goes into financial markets, driving up some asset prices. It is dangerous to mess with debt, but if you're a trader who uses tight stop-losses and can read charts... hmmm.
The kicker is you have to do your own books and know 100% that you're actually getting superior returns on your $$, vs using what you have to eliminate existing debt.
Also, re: the mess of college debt over all our worthless university degrees, the rates when I got mine were locked in low, and I paid off most of mine years ago, but would probably not have done that if I had it to do all over again. There's been a lot of talk about debt forgiveness of college loans too, so I may even regret paying it off.
On the other hand though, if you're an influencer of sorts who actually gives advice like this guy, it's safer to say "get out of debt," since tons of guys just in this latest QE-infinity stock market craze have been doing stuff like taking out enormous personal loans at not-great rates and betting all of it on "meme stocks," all-in on silver, all-in on misc cryptos, etc.
Also, if the "elites" pull off this cyber-pandemic they keep talking about and then blame it on Russia and/or China, they could theoretically even loot peoples' bank accounts while not forgiving their debts, so in that case he'd certainly be right that you'd be far better clearing off all debts.
# 6. You must have government-safe and currency-safe investments.
Heheh, if only there were any such things, but I do agree that having your $$ in multiple asset classes is wise, and gold/silver, crypto, and maybe real estate are good.
I have some rural real estate which is good while stuck here, but personally I've worked with real estate investors and RE for the last 10 years and would like to sell it all and get out of it if I can make my escape overseas. RE takes too much f-ing maintenance and has too much legal risk involved in buying/owning/selling, and I'm getting lazy and would rather just trade REITs and land ETFs, and rent for the rest of my life... We will see.
One thing I'd really like to know is whether holding various foreign investments in US-based exchanges is good enough, or whether it's vital to try to open accounts with foreign exchanges?
You can buy foreign stocks and ETFs getting you exposure to all sorts of things that might perform well even in a meltdown, so I'll be fine if that suffices. (This, by the way, happened even in the infamous "Weimar" scenario where the currency was utterly destroyed, but those who had $$$ in stocks, gold, and some real estate made fortunes, or at least came out ahead.)