J23 wrote:
...Financial safety - this is my main point - when many of you prepare for bug out to your auntie next town or to sleep in woods for the rest of life - how many of you prepare for financial stable future? how many of you secure yourself for situations that are more likely to happen then zombie apocalypse or Yellowstone eruption?
...
I'm on benefit, being schizophrenic. I'm not entirely insane, mostly, but affected enough to find ordinary employment beyond my capabilities. So, it makes me laugh to think about emergency funds, savings, investments, owning two houses, owning an estate car, let alone a 4x4. For me such things are such stuff as dreams are made of. If only!
try to think about it as part of prepping. you need some money just in case if something bad happens - for example governments stops paying your benefits due to some bank wires problems - what will you do?
I moved my house and did leave myself 3k as emergency fund which I don't feel fine with but it is money I need as we had few unpredicted spendings - what would we do without the money? we could go to bank for a loan, or credit card and start debt spiral turning. at the moment mortgage is my only debt and I am going to raise emergency fund to 5k - all above it will go towards shares, indices and mortgage overpayments - this is how I prepp
there is one situation I thought about - what happens with electronicly stored money and shares once shtf - for example some sort of interference that destroys IT devices, or just situation when government steals your money? (they did so in Poland recently, and they took half of my private pension fund to cover their cockups) this is situation when I will regret that I was saving iso enjoying life this is the risk
J23 wrote:
...Financial safety - this is my main point - when many of you prepare for bug out to your auntie next town or to sleep in woods for the rest of life - how many of you prepare for financial stable future? how many of you secure yourself for situations that are more likely to happen then zombie apocalypse or Yellowstone eruption?
...
I'm on benefit, being schizophrenic. I'm not entirely insane, mostly, but affected enough to find ordinary employment beyond my capabilities. So, it makes me laugh to think about emergency funds, savings, investments, owning two houses, owning an estate car, let alone a 4x4. For me such things are such stuff as dreams are made of. If only!
try to think about it as part of prepping. you need some money just in case if something bad happens - for example governments stops paying your benefits due to some bank wires problems - what will you do?
I moved my house and did leave myself 3k as emergency fund which I don't feel fine with but it is money I need as we had few unpredicted spendings - what would we do without the money? we could go to bank for a loan, or credit card and start debt spiral turning. at the moment mortgage is my only debt and I am going to raise emergency fund to 5k - all above it will go towards shares, indices and mortgage overpayments - this is how I prepp
there is one situation I thought about - what happens with electronicly stored money and shares once shtf - for example some sort of interference that destroys IT devices, or just situation when government steals your money? (they did so in Poland recently, and they took half of my private pension fund (and for millions of people as well) to cover their cockups) this is situation when I will regret that I was saving iso enjoying life this is the risk
