Tim MacWelch is a New York Times Bestselling author with a vast knowledge of primitive living and survival skills. This week he joins us to talk about surviving a financially challenging situation like the recent government shutdown. Caught in the political crossfire, hundreds of thousands of hard-working government employees had their paychecks withheld or were furloughed as a result of the shutdown. The immediate loss of income is more than an inconvenience, for some it’s disastrous. The inability to pay a mortgage or car payment, utilities, purchase groceries and keep up with everyday living expenses can send some households into a spiral. This is a form of survival many people have never considered, however, it’s very real.
Tim says that financial preparedness, in addition to a solid survival skill set, is important. First, he recommends establishing an emergency fund. This should be a bank account without checks or an ATM card or another safe place where you can build a financial reserve that you won’t be tempted to dip into. By putting away a predetermined amount each month you can work toward building up enough to cover your mortgage, car, insurance, utilities, and other monthly expenses. Alleviating your financial burden by having enough money set aside to survive a furlough or sudden job loss is important.
Groceries are another cost that many don’t think about until the money isn’t there to toss whatever they want into a cart. Tim says that food security is something that we should all be thinking about. Stocking your pantry with affordable, canned and dry goods with a long shelf life doesn’t make you a paranoid prepper, it simply assures that you have a fall back food supply in the event of an emergency. When money is tight, the last thing you want is to struggle feeding your family. While you may not be eating like kings, canned goods like beans, corn, rice and more will definitely be enough to live on.
Tim talks about his personal experiences living through the government shutdown and examines spending habits to better prepare for future money-tight or money-lacking scenarios.
Tim has a new survival book now called "Ultimate Survival Hacks". Be sure to check it out as well as all of his other highly informative survival books like “Prepare For Anything”, “Hunting and Gathering Survival Manual”, “How To Survive Anything”, “How To Survive Off the Grid”, “Ultimate Bushcraft Survival Manual” and “Ultimate Winter Survival Handbook”. Furthermore, if you are interested in honing your survival skill set then you need to check out Tim’s classes. Go to www.AdvancedSurvivalTraining.com where you can sign up for his primitive living and survival classes and get hands on experience.
Prosperity and Preparedness,