When it’s freezing outside, and the temperature doesn’t match your clothes, it’s time to think about preparing for the next freeze-up.
In times like these, we realize how important food, water, and shelter are and how quickly things can change. And don’t get me started on the human factor. There are those looking to do damage to everyday life, like hacking our power grid.
If you haven’t looked at your own survival situation, you can learn from my not-so-pleasant experiences, like losing natural gas on the coldest day of the year. You can read my special reports on water and food here.
Which brings me to emergency prep for your investments. Your margin of safety. You will read about the finance bros trading all day in their pajamas. You know how I feel about bitcoin. The good news is, if you’re a Survival Guy reader, you have some money to do something with. You worked and worked and saved ‘til it hurt. You served your customers, patients, clients, and the like. Now, it’s time to reap your rewards.
Time and time again, since the beginning of time, men and women have been separated from their fortunes. After the finger-pointing is done, it’s just them and their regrets. It’s why making money should not be confused with investing it. Those are two different jobs entirely. When I see those peddling the next big thing invest their own money in treasuries, who’s the fool?
When you get into your retirement life, you no longer have a paycheck as your safety net. You cannot afford to lose money because you can’t work the same hours twice. And when you lose 50%, you need 100% gain to get back what you once had.
Action Line: Investors often realize too late in life how important time and patience were to making their fortune. If they had only listened.
Email me at ejsmith@yoursurvivlguy.com while you still have time to do the right thing. But only if you’re serious.
Originally posted on Your Survival Guy.
