Will You Survive the Corona Virus? Be like a Boy Scout.

Ok, your changes of contracting the virus and dying from the virus is limited. If you get it, you have a 2% chance ending up dead. But I don’t think a lot of us are going to get it. What I’m talking about is surviving the financial loss due to the outbreak. It has not happened in the USA YET, but can it? I don’t know, but as an old Boy Scout, I remember the motto ‘always be prepared’. Another good saying “planning for the worst but hoping for the best. “

So, what is the worse?

Can you financially survive with 3-4 months of no income?
What if you are restricted and cannot get to Fry’s Market for food?
What would you do if you need cash and the bank is closed?

What would you do if the virus shut us down for 6 months? This is a little scary and you need to think and plan for the possibilities. I’ve come up with a list of things you should do. Its sorted on the least to worst situations.

Have food in your pantry for 1 month. If you are LDS you already have 3 months.
Cash on hand 1-2K just in case you cannot get to the bank
List you bill’s and prioritize the ones you WON’T PAY….oh well they can wait.

If it gets really, really bad.

Mask to cover up you face.
Guns and ammo – can it really get that bad?
Generator and fuel.
Gold/Silver
Massive amount of water

You should seriously thing about your situation and what you need to do to be prepared like a Boy Scout. Take some time an consider the possibilities and get prepared. At lease you should have covered Items 1-3 above, this just makes good common sense no matter what happens.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC

About the Author: Dennis has been working in the real estate industry in some capacity for the last 44 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters and 5 amazing grandchildren. Dennis has been an Arizona resident for the past 43 years.

Comments are closed.

Will You Survive the Corona Virus? Be like a Boy Scout.

The Dos and Don’ts of Investing in Deeds of Trust

Three Factors Texas Hard Money Lenders Use to Determine Rates and Points

Will You Survive the Corona Virus? Be like a Boy Scout.

Related posts

Want to be a House flipper? Follow this guide.

Guide to trust deed investing, what is a deed of trust?

Fix and Flip do’s and do not’s. How to make a lot of moola flipping homes.