{"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 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 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 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 In this layer, you are building your personal preparedness. You\u2019re taking care of things that might be difficult to address in the future, whether due to money or other issues. You\u2019re learning skills, buying tools, and putting back essential supplies that will see you through a longer period of time.<\/p>\n Finally, once you have the other things handled, it\u2019s time to focus on the bigger picture. A lot of folks make the mistake of thinking they should be hoarding gold and silver like a dragon, but this doesn\u2019t come until after you\u2019ve covered the basics. Once your preps are in order, your debts are paid off, and your home, vehicle, and family are maintained, then it\u2019s time to put some money back for later when the crisis is over.<\/p>\n A lot of folks say that they use precious metals as a medium of exchange right now. I suppose that\u2019s possible if you are dealing with folks who will accept junk silver dimes as payment or gold ingots. However, I see metals as more of a medium of savings than of exchange.<\/p>\n The purpose behind stocking up on precious metals is that gold and silver will hold their value when the dollar may not. After the economic disaster is over and our society is beginning to recover, precious metals will have value regardless of what has happened to the dollar. Even if we have moved on to an\u00a0entirely different currency<\/a>\u00a0by then, whether or not\u00a0the dollar is still the reserve currency of the world,<\/a>\u00a0or whether we have\u00a0turned into a cashless society<\/a>, the value of a precious metal remains consistent. When you need to make a payment on your property taxes or some other expense, you can convert precious metals to whatever the currency is, at whatever value the currency has at that time.<\/p>\n A lot depends on how you personally want to do it. If you are thinking that gold might be an important bribe, a suggestion from Selco is to buy a lot of plain gold wedding rings. You can slip one of those off your finger to offer a guard or other person you might be bribing, and nobody will expect that you have six more just like it. It\u2019s one of those things that seems like it\u2019s probably the only thing you have. I have followed this advice and often hit up pawn shops to check out their bands. I\u2019ve also gotten some good pieces from yard sales mixed in with bags of \u201ccostume\u201d jewelry.<\/p>\n You can also invest in other types of gold or silver jewelry. If you are going out to purchase jewelry, you want to be sure you\u2019re getting a good deal. This information comes from when I was married, and my husband and I owned a jewelry store.<\/p>\n It\u2019s a great idea to have one piece that you know the weight of so that you can test the digital scale at the shop. I\u2019ve seen these scales be off by several grams, so having your own piece to confirm it is important. Secondly, you need to know the price of gold and silver that day to be sure you are getting a fair price. If it has stones or other inclusions, you\u2019re paying for that too, and they are generally not as easy to convert as metals. I tend to go with plain gold or silver pieces when making investments so that I know exactly what I\u2019m getting.<\/p>\nLayer 1: Your financial foundation<\/h2>\n
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Layer 2: Tangible essentials<\/h2>\n
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Layer 3: Financial assets<\/h2>\n
How can you invest in precious metals?<\/strong><\/h4>\n