I
have prayed long & hard about
sharing this. Please note, I am not
a financial adviser, I am just sharing our journey.
Our first step was to eliminate
all debt. It took us a little while (we were already on that journey)
and by the time we purchase our new place and sell our current home
we will be completely debt free. We
are continuing to look for a new place over the next few weeks.
Something that is in our price range (very firm on that).
We
started our preparedness journey
when a friend shared a couple books with us. “Aftershock”& “Inflation Deception”. Thankfully
DH & I have been on the same page from day one. We are not
comfortable with the state of the economy, the banking system or the
Federal Reserve. So we are opting out with our biggest decision yet.
So
the biggest step in this journey is that we have cashed out our
401k's and my “bean” stocks. We agreed to take the tax hit and
liquidate our assets. We are currently
discussing just how
we will be “storing” these assets. I probably won't be going into
a lot of details about this for
obvious reasons. I will say it will
be building self sufficiency and hard commodities.
As for our monthly goals, I am changing how I look at that for the time being. While I strongly believe in setting goals, adding more to storage, etc.; we are seriously looking at a purchase of another place in the country within in the next couple months. That is if we find something that will work.
As for our monthly goals, I am changing how I look at that for the time being. While I strongly believe in setting goals, adding more to storage, etc.; we are seriously looking at a purchase of another place in the country within in the next couple months. That is if we find something that will work.
Because
of that, I am focusing my monthly goals more on adequate storage for
the new place. I realize that we will need to move everything that we
have stored, which will be a journey in and of itself.
Of
course I will continue to “use one, buy two”.
Many
of you are able to attest, getting out of debt it one of the most
important steps.
I know how hard it is to do, but I want to strongly encourage you to take the steps to eliminate your debt. I had started a post on personal fiscal responsibility and getting out of debt. I made this graphic. It made me laugh.
I realized that
I was just saying the same thing over and over. Get out of debt and
don't incur any further debt. I know how hard it is to do, but I want to strongly encourage you to take the steps to eliminate your debt. I had started a post on personal fiscal responsibility and getting out of debt. I made this graphic. It made me laugh.
If you think back, it seems everyone and their mother was saying buy this or that for Christmas on their facebook page. While I don't judge them, I simply couldn't do it. Instead I want to encourage you to save and then make purchases. Don't go into debt.
So,
on that note...
We have discuss debt before. How do you feel about the state of our economy?
UPDATE July 2014: As you may know we are currently have a contract to purchase our new home. This will be paid for entirely with CASH. Now that, IMHO, is a "hard commodity".
PROTECTION: A Real Life Cautionary Tale...
While I was editing this for reposting, I received this information from a loyal person in our community. please take time to read this. I will be sharing this again soon.
UPDATE July 2014: As you may know we are currently have a contract to purchase our new home. This will be paid for entirely with CASH. Now that, IMHO, is a "hard commodity".
PROTECTION: A Real Life Cautionary Tale...
While I was editing this for reposting, I received this information from a loyal person in our community. please take time to read this. I will be sharing this again soon.
No comments:
Post a Comment