Building Your Financial Storm Shelter by Gary North

A tornado is like specific budget cuts. No one knows in advance whose house will be blown away.

Some families buy houses with storm shelters. But hardly anyone ever builds a home.

Most families are barely getting buy. They spend as much as they bring in after taxes and mortgage. They do not make specific cuts in spending deep enough to build up a reserve.

So, they do not prepare storm shelters. They kick the can. They imitate Congress.

Do you need gold coins? Yes. Do you need a back-up plan if you lose your job? Yes. Do you need a network of people who might be able to find you a job? Yes. Do you need a side business? Probably. Do you need skills that can be transferred to a new line of work? Yes. Do you need a plan to make sure you stay on the short list of "must not fire"? Yes.

Are you actively building your financial storm shelter?

Building Your Financial Storm Shelter by Gary North