A Time To Reflect And Plan (Part 1)

About this time every year I try to take a little time to reflect on my general state of preparedness and make some plans for the coming year. It is easy to get caught up in things that are fun or easy and overlook critical items that are not as much fun or not as easy to accomplish. Having a plan at the beginning of the year helps make that what is most important gets taken care of.

The first thing we do is to decide what we should be preparing for. This has remained pretty consistent since Hurricane Harvey:

    1. Death – Death is a given. We will all die at some point it is just a matter of when. We have both accepted Jesus Christ as our savior and have received His grace so while we are not exactly ready to go shuffling off we know we will be with Him in eternity. From our perspective, the most important prep of all is handled. However, neither of us wants to be burden on those we leave behind so there is still some things we need to take care of in order to feel fully prepared. Specifically, we need to get our wills done and purchase a funeral policy so those costs and arrangements are out of the way.
    2. Retirement – Hopefully, this happens and happens before item number one. We were poor as church mice when we got married and it took everything we had to raise the kids and make sure they had what they needed so we go a late start on retirement planning. We are playing catch up on this big time. I contribute as much as possible to our 401k but we also need to build up other investment and annuities to make sure we can retire and not have to eat out of a dumpster. Based on the current state of the Social (in)Security program, we are not counting on it at all.
    3. Hurricane – On average a major storm hits this area about every ten years so we should be good for a bit. Averages are funny things and we don’t take it for granted that we could get hit at anytime during the season and need to be ready.
    4. Flood – This was never an issue until Hurricane Harvey but it weighs heavily on our planning at this point.
    5. Financial Collapse – Well, this isn’t so much a possible scenario as it is one we are living through right now. Wonderful Wife was laid off twice this year and inflation is tearing into our savings and disposable income like a pig into slop. I believe we are in the early stages of a financial collapse or at least some of the hardest economic times in living memory.
    6. Social Disruption – Have you seen the news? Again, I think we are already on that ride we are just slow part of the ride before the bottom drops out.

These are the scenarios we are trying to prepare for in Part 2 we will look at how we plan to be better prepared for them.

Be alert, get prepared, fight the good fight!

God bless and God save the Republic.

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