How To Protect Yourself In An Economic Crisis??

I believe in paying cash for what ever i buy, because every time you purchase something using credit cards that you cannot pay off as soon as the statement arrives, then you are committing your future earnings to the credit company than to yourself boss. Those future earnings will be needed to pay your regular household expenses, so you end up in your own economic crisis created by you.

The exception being here is that purchasing property that increases in value in future, such as buying a home or investing in a commercial building who can afford, i am not referring this to everbody here,  which puts more income in your pocket for your future...

the best way to protect from contagious effect of crisis an economy strengthen the industry(or inclusive growth factors) upon which huge chunk population relies for earnings .in case of india,credit purchase normally(or major part of it) happens in case of housing and education.moreover ,conventional mentally for saving largely still persists among indians .so our main focus should be reviving key industries such as agriculture and domestic production .promoting private investment and encouraging research  and development in such sector hence to enhance output, chop off extraneous costs through innovative ways ,and with govt support bringing up required technology domestically .currently china is reigning this sector and if such measures can put to practice can prove to be  achievement of  long term investments.recent debacle of international stocks and  its cascading effect suffered by other sectors highlights the need of such endeavours.