Lessons of 2020

Written By Bonnie

For most preppers, one event becomes their wake-up call. I was already doing a deep dive into finances a few years before 2020, but COVID really woke me up to how fragile our economy and world are. The shortages, the shortened store hours, the furloughs and layoffs, the riots, the crazy disasters we were seeing, and the recession all made me realize how fast our rug could be pulled from us at any time.

Prepping isn’t just for “doomsday” scenarios. It can also help if you lose your job, face paycheck delays, or can’t get to the store due to illness. It’s like an extension of your emergency fund. Preparedness also lets you capitalize on economic downturns, as more millionaires are made during market crashes than at any other time.

Lessons of 2020 was created to document the tips I was learning about becoming more self-sufficient financially and with my home. Check it out and see if any of these tips could benefit you.

Lessons of 2020 includes how to prepare your finances for a market crash or recession, and how to become more self-sufficient.

Here are a few of the self-sufficient tips included:

  • Secure income

  • have an emergency fund

  • diversify

  • buy assets

  • learn a skill

  • self-sufficiency and building community

  • build a library

  • health is wealth

  • cut grocery costs

  • stock-up

  • bug-out/go bags

  • review policies and prepare paperwork

  • plan a security protocol

Check out Lessons of 2020 to learn more about these tips. Could any of them benefit you?

Let us know if you have any other tips to share. We are all learning together!

Bonnie

I feel we are all students of one another, learning from each other’s strengths and weaknesses. I am not a financial advisor, but I am continuously learning on my journey to become financially independent, and I’m passionate about teaching others how to do the same. Come learn with me so we can live our best lives and then spread our wings to help others do the same

“Reach one, teach one, and repeat. If the world did this, we would be a much better place.” - Rudy Martinez (Alaska Prepper)

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