If you don't have personal resiliency you are always at risk. The least little thing that goes wrong has the potential to wreck your life.
At minimum, this sets you back and decreases your happiness while you are trying to fix whatever is wrong or deal with some situation that could have easily been handled with some thinking and planning on your part.
A carefree, worry free lifestyle requires you to spend a bit of time and effort working on your personal resilience.
The simplest way to increase your personal resiliency with money is to work full-time at something with good pay and some quality-of-life benefits. This work should pay enough to easily pay for your normal living expenses, save 10 – 15% of your gross income for the future and have some fun.
This work should not really involve more than the typical 40 hour work week. Maybe some more hours when needed occasionally
or if you find you absolutely love doing this work and make a ton of money by doing so. Too much time working does not allow you the time to take care of your health, have some fun and improve other aspects of your life.
Having personal resiliency means you could lose this job and find another comparable one in pay, benefits and satisfaction without too much trouble. It would also mean you could make somewhat less money and still be fine financially.
If you have energy and time, work part-time at something different (job or business) than your full-time job for a few hours a week, every other week or once a month. The money you make could be allocated with half going to savings/investments and half to fun. This extra work is mostly for younger people with plenty of energy and free time to rapidly build surplus savings and have more fun. As you get older with more family responsibilities and less energy, you would expect to be unable to put in lots of hours.
The key to this arrangement is to limit your living expenses to be within your main job’s income.
Alternatively, you could spend some of your spare non-working, non-exercise, non-fun times in education or training to do a different or expanded full-time job (or business) that pays more or is more satisfying. This can take the form of universities, technical schools, apprenticeships, internships, courses or self-taught.
Continue to develop other work skills, build your capacity to work harder and work longer. Be able to get a job doing whatever. You will always be able to get a job, even in the worst of times, if you can endure poor work conditions, like long hours standing, hot, cold, tedium and even abuse.
Develop some other ways to make some extra money that do not take much time. Maybe buying and selling stuff. This rarely generates a lot of consistent money, but some extra $ is always nice. Make productive use of the extra money...perhaps ¼ to buying more stuff to sell, ¼ to savings, ¼ to fun and ¼ to buy things to become more resilient.
Keep saving, investing, and paying down any
debts at a rapid pace. Too much debt is
tough to deal with over time. You cannot
go wrong eliminating debt.
Save an appropriate amount for retirement,
but also set aside savings for the not-so-distant-future. You don't want to lock up all your money for a future you that might not even live long enough to enjoy it.
Try to trim normal monthly expenses. Everyone is trying to get us to sign up for irritating
subscriptions of various sorts.
Build up 3 to 6 months (maybe more) of living expenses in liquid savings (some combination of paper cash you have hidden, savings accounts, checking accounts, money market accounts, silver, and gold coins).
Pay your bills early or they come in. Allocate money this month for bills a month or two or longer into the future. You could consider this part of your 3 to 6 months living expense savings.
If you spend down your savings for a big need, a needed big purchase or something grand, take some time to build it back up again. Be patient. Small savings build up over time.
Develop some collections of things you enjoy, or that are helpful to you and that are also valuable to others that could be converted to money (sold) or used to barter. There is a huge savings in time and money over the years by not needing to replace things because the things you have are fine.
One of the most critical personal resiliency items to obtain is canned food, that you would like to eat, and bottled water. Obtain enough to last a few weeks. You will need to do some math to determine how much.
Frozen food in the freezer is good too, but in an electrical outage, of limited uses.
Inexpensive needs are always good to stock up - Paper products and personal needs (toilet paper, napkins, paper towels, soaps of various kinds, etc.).
Do some research on more expensive items as this can become an interesting hobby as well as a store of value; Jewelry. Watches. Tools. Kitchenware. Guns and ammunition. Knives. Higher quality boots and shoes. Higher quality clothes. Luxury items. Silver coins. Gold coins. Liquor. Nice furniture & furnishings.
Continue to make your surroundings comfortable and enjoyable. Just enjoying being home doesn’t cost that much.
I think having a newer car and maintaining it well is a huge component of a person’s personal resilience. You can always get to paying work or escape something bad.
Keep your vehicles fueled up, especially in the winter.
When you need something or need to do something, get it or do it. Don’t delay. If it’s big or expensive, make plans for it and schedule it in your planner. Don’t let this gnaw at you. Take care of things as best you can as they arise.
Do things that help your health, fitness, and energy levels.
Weight train with a reasonable volume. As good as weight training is for people, it is easy to get carried away, becoming overly sore, getting injured, or rundown.
Work toward feeling healthy, happy and with
energy to do what you want. Walk. Watch what you drink. Avoid sugar.
Cut back on the carbohydrates. Eat
more meat, especially beef.
Get plenty of sleep. Nap as needed. Minimize stress.
Listen to your body. If you are overly sore and tired or run-down, don’t weight train, for example.
Have your teeth cleaned at the dentist every year, maybe twice a year. Deal with dental issues as they come up. Being able to eat what you’d like when you’re old will be a luxury. Spend plenty of time and effort on your teeth daily.
Spend a bit of time in the sun as you can. This is not easy for most people with the timing.
Supplement – Vitamin D, Vitamin C, Fish Oil, Multivitamins. Do your research on these.
If you feel rundown…rest. As long as it takes.
Put this bucket in your trunk at the beginning of every winter…just in case. If you have more than one vehicle, you should prepare a bucket like this for all of them. Put these items in the bucket:
With good tires, newer wiper blades, a well-maintained, fueled up vehicle, being responsible, watching the weather and some luck, you may never need any of this. All of this is…just extra personal resilience.
This is a lot of things to do that can cost quite a bit. But, just as you would keep spending money and time having adventures that are fun to you, building your memory bank and keeping track of your adventures on paper or in your computer, you should work on your personal resiliency.
Consider it another adventure.
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