The financial world we live in is just as wild, if not more, than the mountains and woods we walk through. We are told that the fundamentals of our economy are strong, but we can feel that something is wrong. My unique financial background and survival passion make Financial Survivalist and excellent place to learn and share.

Thursday, February 23, 2012

Financial Survival = Emergency Prep

My Thoughts Thursday

I was thinking this morning and I asked myself, "What is Financial Survival?" As I continued my thought, I realized that financial survival often looks like emergency preparedness. The reason why is that many emergencies are financial emergencies. Even if they don't start as a financial emergency, they can have financial consequences.

EXAMPLE: House Fire. If your house catches fire, the emmediate emergency is the fire, but it will deafinately have financial concequences.

Emergency Preparation that doubles as Financial Survival:

Proper Insurance - as in the example above, the proper insurance will mediate the financial disaster

Food Storage - Losing an income can be devistating. One of the biggest expenses for a family is food. Being able to rely on food storage durring this kind of emergency can be invaluable.

72hr Kit - Your 72 hour kit should have a decent amount of cash in small denominations. For me, some of that cash is junk silver which gives me US currency AND silver in an emergency.

As you can see there are several way that preparing for an emergency already makes you a financial survivalist. There are many more not listed here. If you prepare, you will not fear.

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4 comments:

  1. Great thoughts Brotha. I've been thinking a little more about insurance recently. Where the sweet spots are, what levels are appropriate, etc.

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  2. Insurance is a tricky and extensive subject. I'll do my best to write something on it soon.

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  3. For commercial motorists going without adequate vehicle insurance policy careless in every regard. Here's a look at the fundamentals, getting a vehicle quotation, and more.trucking insurance

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