T G I F
If you still have not cashed out of the market you are probably singing that song. Thank God It’s Friday!
What a week! Well I have been overwhelmed with people wanting advice on what to do with the money the had in the Market (What is left of it).
Let me share some of our recommendations with you.
1. Establish an emergency cash reserve of at least $3000.00 (This needs to be liquid).
This way if something breaks (Car, Hot water heater etc.) You will not be forced into using debt.
2. PAY OFF DEBT! All the debt you can. If the economy were to collapse your 401k would be useless. If you own what you possess you start out 10 floors above everyone else when recovery begins. and you will have assets of intrinsic value with which to bargain for your needs.
3. Store up basic provisions. If things continue to skyrocket in price and you have food stored up you will not go hungry. You do not get a second chance if I’m right.
4. Find ways to save and invest in things of intrinsic value. Gold ,Silver, etc.
those things will always have value even when our Dollar is worthless.
This is not some far out fringe extremist survivalist strategy but the prudent plan of wise men throughout History.
This is a blog and you are welcome to ignore it completely if you wish. But should you ignore it and these things take place please don’t bother to come calling. There will not be enough for everyone. I am laying up provisions for my family and a few others but they are all moving purposefully towards this goal.
I will be speaking ,as I do almost every weekend in a Church. The people there will get a step by step plan to reach and exceed these goals.
These brief seminars are called Financial Freedom seminars. They are taught weekly in Churches and civic groups Nationwide.
Keep in mind my military family and friends, you must change how you are doing what you are doing if you want your life and future to change for the better.
Insanity is doing the SAME THING and expecting DIFFERENT RESULTS!
If you continue what you are doing or do more of it you will harvest MORE of the SAME results.
Politicians cannot save you. 401k’s cannot save you. Your smarts cannot save you. (If they could you would already be doing far better than you are now) YOU MUST have a plan to get free.
There is hope for all who seek it. But be cautious. There are also those who would have what you have saved, by force or influence.
My job is to be a watchman on the wall. calling out a warning.
Who will heed???
You can be free but you must act now. Freedom is why we served and freedom is what we sacrificed for, but few in this land possess it.
Do you want some freedom? Freedom from employers who control your life? Freedom from want? Freedom to enjoy your life? Freedom to help others? Freedom brings peace and rest, in your body , mind and your spirit.
My prayer for you this day and every day is that you will find true peace and freedom.
” Let Freedom Ring”.
See ya in 2 weeks, Going to Banff Canada for some of that freedom. ( Can you say FISH ON!)
July 13th, 2008 at 4:30 pm
I am recovering from a divorce financially. I have very little choice but to file bankruptcy and clean the slate. The financial stress is beyond words. I have to do it in a few weeks. After that I will be able to get back on track without the worry. I will never get another credit card. Big no no isn’t it?
I am going to keep can goods and non perishible foods stocked up. H2O as well.
Great advice!
July 13th, 2008 at 8:24 pm
Doug - Thanks for the great advice. It reminded me I need to watch the sales a little more and stock up further on the canned goods & non perishibles. Also need to re-asses my emergency box. I hope more folks heed your advice. I’m now working on the emergency cash reserve. Just got the credit card debt pd off!! Still have a couple loans - home & home equity for repairs to pay off. Again Thank You for sharing such valuable advice.
July 17th, 2008 at 11:04 pm
Enjoyed your blog. Never read one before. Very good Doug! I learned alot from the very first one. Excellent advice.