- Good: having a small emergency fund to cover the refrigerator when it goes toes up. Bad: having no emergency fund and relying on payday lenders.
- Good: having a nice income, a decent credit score, and a huge down payment for a home that costs no more than 25% of your income. Bad: having a sketchy income, lousy credit score, no down payment, and buying more house than you can afford which puts you at the mercy of sub-prime lenders.
- Good: having a prolific garden. Bad: paying astronomical prices for fresh produce due to flooding/shortages/supply and demand problems.
- Good: having a year's worth of food and supplies stored in your garage. Bad: having very little food and supplies in your home which causes you to run (frequently) to the store and pay top dollar for the things your family needs.
- Good: having a well-diversified investment portfolio. Bad: having all of your stock invested in one company (can you say World Com? Enron?).
- Good: taking the kids camping where you teach them to fish then tell ghost stories around the campfire. Bad: giving your kid the latest video game to keep them quiet while you focus your attention on more important things.
- Good: setting strict rules for your teens such as no drinking, no drugs, no letting their girlfriends/boyfriends sleep over, and making it mandatory, not optional, that they pass all of their classes. Bad: letting kids drink and do drugs because the parents want to be "cool", pregnancy pacts, and drop-outs without a future.
- Good: having a nice collection of firearms with everyone in the family trained in their use. Bad: waiting for the police to come and protect you.
- Good: having enough money to cover six to twelve months worth of bills so you can chill for a while if you get the dreaded pink slip. Bad: having no money saved for an emergency and desperately taking any minimum wage job you can find when your current company goes under.
- Good: doing all you can to protect and maintain your health. Bad: funding drug companies for the rest of your natural life because you can't stay away from bad health habits.
- Good: making personal responsibility mandatory for everyone in your family. Bad: making excuses for family members (meaning adults or kids) who are ethically, morally, or responsibility-challenged.
- Good: Instituting family dinner time every night whether you are eating at home or bringing a picnic to the soccer field. Bad: everyone eating at a separate fast food restaurant every night of the week.
- Good: giving back to your community by volunteering, making donations, or doing other supportive work. Bad: the entitlement mindset, chronic welfare families, scamming people/organizations/institutions just to get more than the other guy.
- Good: learning how to do as much as possible for yourself even if it takes longer or costs a little more (education usually does cost money). Bad: relying on others for everything.
- Good: buying something because it will make you more efficient, effective, or educated. Bad: buying something so others will think you are "da bomb".
- Good: doing the math in order to figure out when a deal is good or not. Bad: relying on salesmen to tell you if they are providing you a good deal or not (think time shares, extended warranties, marketing scams, etc).
I could go on and on but you get the idea. Being prepared is the only way to protect you and your loved ones from threats that continually bombard us.
I do read your blog every day.
ReplyDeleteI may not place a comment but I can asure you that there is people reading your posts.
Thank you very much.
Thanks! Sometimes I think I am talking to myself but I think writing all of this down helps keep me on track as much as it helps others.
ReplyDeleteGreat stuff! Keep it going.
ReplyDelete