Tuesday, July 12, 2016

What's In Your Reserves?

Everyone has a financial crisis now and then. Some people are unprepared and panic. Others decide it's time to flip the mattress, rotate the sofa cushions, and put their fingers into cracks and crevices they haven't done since before they quit smoking and was desperate for a cigarette.

It happened to me yesterday. The bank said I was overdrawn. My rainy day had come...again, but this it wasn't about grocery money or car fare.  There was no rainy day cache to go to. I flip the mattress and rotate cushions as part of my weekly house cleaning ritual, so no luck there. I might well have been screwed. Except for one gleaming light piercing the darkness. Gold.

I've been saving gold by the gram through my Karatbars affiliation. And yesterday, gold saved my behind. Up over 20% since New Years, my gold accumulated value over these seven months. As such it took a lot less gold than dollars to enable me to cover my banking arithmetic mistake.

What happened to me was alarming as well as embarrassing. I'm glad everything worked out. I wouldn't wish such a thing on anyone, but it can happen to you. So I ask you, what's in your reserves?

Want to do what I do to be ready for emergencies?  The First Step Is To Click Here