{"id":354389,"date":"2023-05-16T21:30:29","date_gmt":"2023-05-17T01:30:29","guid":{"rendered":"https:\/\/www.sgtreport.com\/?p=354389"},"modified":"2023-05-16T02:10:53","modified_gmt":"2023-05-16T06:10:53","slug":"the-3-layers-of-financial-preparedness","status":"publish","type":"post","link":"https:\/\/www.sgtreport.com\/2023\/05\/the-3-layers-of-financial-preparedness\/","title":{"rendered":"The 3 Layers of Financial Preparedness"},"content":{"rendered":"

by Daisy Luther, The Organic Prepper<\/a>:<\/em><\/p>\n

\"\"<\/p>\n

As our banking system implodes all around us, you may be wondering how on earth we can be financially prepared for the future in a world where our national currency is at extreme risk. While it\u2019s easy to say, \u201cInvest in precious metals,\u201d it\u2019s also important to know that PMs, while important, aren\u2019t your first layer of financial preparedness.<\/p>\n

In this article, I want to talk about how to layer your financial preparedness to help yourself through the tough days ahead. Keep in mind that you may not be able to delve into every single layer, and that\u2019s absolutely fine \u2013 you have to prep for your unique financial situation just the\u00a0same way you prep for your unique living situation<\/a>. Being realistic is the key.<\/p>\n

TRUTH LIVES on at\u00a0https:\/\/sgtreport.tv\/<\/a><\/p>\n

Layer 1: Your financial foundation<\/h2>\n

The first layer is the foundation for the other layers. If you don\u2019t have this in place, then the others aren\u2019t really extremely worthwhile.<\/p>\n

To establish a basis of financial preparedness, you need to get your personal finances in order. This includes things like:<\/p>\n

    \n
  1. Paying off debt\/maintaining freedom from debt.\u00a0Here\u2019s how to pay off debt fast.<\/a><\/li>\n
  2. Having the supplies to go for a month or so without spending money \u2013 these are your basic stockpile items like groceries, shampoo, laundry soap, pet food, etc.<\/li>\n
  3. Establishing an emergency fund (we used to recommend a thousand dollars but at this point, it won\u2019t get you too far. I would suggest your bare minimum should be one month of your family\u2019s expenses.)\u00a0Here\u2019s how to build one<\/a>.<\/li>\n
  4. Getting your budget to a manageable level \u2013 you may need to\u00a0cut your fixed expenses<\/a>\u00a0to do this.<\/li>\n<\/ol>\n

    If you\u2019re sensing a theme here, you\u2019re right. The first layer of financial preparedness goes back to the money-savvy wisdom of the frugal community. Get your expenses under control, reduce your output, and be prepared to go for\u00a0at minimum<\/em>\u00a0a month without any additional money coming in.<\/p>\n

    Layer 2: Tangible essentials<\/h2>\n

    Once you have your basics established, it\u2019s time to move on to the next layer. This is where our passion for prepping comes in handy.<\/p>\n

    You\u2019re going to want to invest some of your excess money in the supplies that will get you through a difficult period. Whether that difficult period is related to your personal finances or national supply chain instability, your preps will see you through it.<\/p>\n

    This is a very important layer of financial preparedness even though it\u2019s not cold, hard cash. Before you start investing every spare dime into hunks of gold and silver, make sure you have your basics covered. (That\u2019s something Selco talks about any time you\u2019re in an uncertain situation \u2013\u00a0go back to the basics.<\/a>)<\/p>\n

    This includes things like:<\/p>\n