Financial Self-Sufficiency in Times of Trouble

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Financial Self-Sufficiency

Just over a year ago the world changed. The long-ignored warnings of grizzled preppers, finally came true. I was lucky enough to grow up in a family with a grandmother who taught me to never rely on government when the STHF. This strong woman, always had at least a six month supply of food available, stored water and enough candles to choke a horse. "You never know when the lights might go out, and stay out" she'd exclaim. "Best be ready!"

Stimulus checks? Nah, as far as she was concerned, you needed to have access to *your own* funds, not under someone else’s control. There was money stashed away in at least six different locations "just in case." This must have been the only person I know who also had currency, coins and anything else she could barter, buried under her tomato plants in the backyard. Today, she'd likely have a hardware wallet and her seed phrase etched in steel and hidden inside a hollow book underneath the floorboards, in six different places...

I learned what a "bank holiday" was from her, and it always stayed with me that the banks could limit how much you could withdraw in an emergency, but they could also freeze ALL withdrawals. Imagine having money and not being able to access it! Self sufficiency was hammered into my brainstem as I was growing up.

When the lights went out in Texas, that should have been a wake-up call to the people of the lone star state and I'm sure it was for many. Are you prepared if everything went dark? If you couldn't generate funds, how long could you survive without money coming in?

Survival

A year ago, we saw empty shelves and people fighting over toilet paper. Instead of anticipating of anticipating the arrival of the virus over here, many seemed to wait for the government to tell them what to do. I was actually reviewing my contingency plans in case there was civil unrest, so I could get the hell out of dodge. Recalling the shortage of quarters, it dawned on me that dollars could one day be limited at ATM machines. All of this has caused me to remember the lessons I learned from my grandmother and to take nothing for granted.

Those of us in the cryptocurrency sphere, have already built a parallel system, a virtual economy which may end up being the building locks to rebuilding society in the event of a global calamity. Today, my relative would have crypto salted away along with her fiat currency. I'm so glad I ignored the naysayers and got into crypto at the dawn of Bitcoin. Grandma was right, you've got to be able to stand on your own two feet and be able to support yourself, in times of trouble.

Thank You So Much!

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11 comments
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this is quite enticing. it really opens my eyes to a lot of things. thanks for sharing this awesomely written piece. I hope grandma is still alive so you could learn a lot more from her

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When someone goes through hard times and makes it out the other end, the lessons they learn will never leave them. When I heard what a "bank holiday" was, I realized the power in having control over your money and not putting your eggs all in one basket. :)

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we learn every day and not putting all your eggs in a basket is one way to go about life.

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This makes me think of National Lampoons vacation and them digging up the yard at Cousin Eddie's to find all of the coffee cans with money in them. :) It sounds like you were definitely ready. My wife and I were pretty set too. We have a travel trailer that we could have lived out of fairly easily if the circumstances arose.

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I'm just glad things didn't get as bad as they could have. Remember Art Bell? There's a good reason he moved to Pahrump, Nevada! Smart man! :)

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Imagine having money and not being able to access it!

That's a sobering thought.. Seeing some shelves bare here during the initial panic phase was a wake up call.

This spring I'm helping with my mothers veggie garden so that I can level up my growing skills. move a little closer to self sufficiency.

Your Grandma was wise!

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Thanks. I remember as a little boy, seeing not only the basement filled to the brim with food and all manner of prep, but that there were caches all over the house. If the entire house had burned down, she'd thought of that too. Redundancy wàs what I Learned at a young age.

Once, the power went out for three days. Guess who was ready? ;)

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Your grandmom gave you some really wonderful advise. One cannot overemphasis the need to be self-sufficient. It's important to be prepared at all times. And have your own plans in case of contingencies. I enjoyed reading this post. Thanks for sharing!

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(Edited)

As a child, I thought everyone prepped like that until I visited friends homes and got quizzical looks after asking how often they added to their emergency preparedness collection.

I was used to things having dates on them, stuff was rotated and color-coded. There were marathon sessions where the grandkids came over and helped with prep. We would discuss what to do in case of a fire, etc.

She grew up on a farm and never wanted to be a burden to anyone, her parents had been humiliated when they were down on their luck and she never wanted it to happen again. but was always there whenever someone needed a helping hand.

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