Man, it’s just a fascinating world that we live in thee days, innit? I mean, we wind up living in/through a pandemic which pretty much no one (well, except the Chinese) saw coming. Then we get inflation that hasn’t been seen in a generation (thanks Brandon!), and now we’re shooting UFO’s out of the sky like it’s a Space Invaders tournament. I have no idea what sort of Black Swan could possibly be next…I mean, who would have thought any of these most recent crises were even plausible?
Remember: while we cannot control the things that are out of our control, we can control our responses to them. I can’t control the idiots in Washington driving the economy into a ditch, but I can control my response to that. And I do. My response is the same as my response to most thing out of my control – set things up so that I can at least exert a little bit of control over the consequences.
Right now my biggest concern is positioning myself to take advantage of the decline in the housing market as rates go up, qualified buyers go down, and the resultant decline in prices. Somewhere out there is a piece of property that is exactly what I’m looking for and it’s previous owner is slashing the price to make a sale. Of course, buying the property is only the beginning of the financial journey – once it’s done, then comes the building and improvements. A chunk of nowhere is nice. A chunk of nowhere with a comfy, cozy, hardened little house on it is better.
Although my biggest concern at the moment is, as I said, getting my ducks in a row to purchase some property, there’s still that little bugaboo of being ready for everything else that could go wrong. For 90% of the problems, the quick fix is cash. Water heaters, transmissions, broken teeth, family emergencies, layoffs, and a host of other personal EOTWAWKI’s are fixed with a generous application of greenbacks. And for what the greenbacks don’t fixe, there’s food, fuel, amo, guns, meds, clothes, and a zillion other things to help take the sting out of whatever crisis is coming down the pike.
Still, you can never know whats gonna happen…(pandemic? Who had that one on their scorecard?) So, I keep doing what I’ve always been doing … stock up, have extra, be ready to shift gears on a moments notice, etc, etc.
Not an inexpensive way to live, unfortunately, but dirt cheap compared to the costs of being unprepared.