If the world is coming to an end, your number one goal is to survive until the chaos clears. Think long and hard about what you’d do in case a nuclear bomb goes off in your city. Nothing so calamitous will probably happen, but that’s what most people thought before WWII began!
Some of the best advice is; stay on top of your finances. The best way to grow your net worth so you can eventually be free is to track your net worth.
I’ve been using free financial tools and apps to optimize my wealth. There’s no rewind button in life. Therefore, you need to do your best to optimize the wealth you have now.
After making relatively aggressive investments since the end of November 2016, I’m back to prioritizing cash. I’ll still try and invest in various instruments if my income is willing, but every dollar after that will now be hoarded until another panic event happens e.g. Brexit.
Without going full prepper, or revealing all my plans for the zombie apocalypse, it does make sense to be prepared for the worst.
At the very least, hedge your bets and have the basics to survive minor civil unrest- food, water, shelter, weapons, and friends. Some extra cash and some barter goods never hurt either.
From a financial perspective, hyperinflation is indeed the bogeyman. Any cash flow producing asset is good, could be as big as a house or as small as a still. You just need to preserve the value of your cash and convert it to an asset as quickly as possible.
Germany. Brazil. Zimbabwe. Now Venezuela. It is the inevitable end of any fiat currency, on a long enough timeline.
The Whole Truth And Nothing But The Truth,