Get to Work, Cut Your Losses & Take Action

1. Realize, nobody is going to save you and your family other than you and your family; be proactive and do more in efforts to shore up all facets of your life.
2. *All family members (if of age) need to be working and earning. It is better to be working an unfavorable job now and contributing, than no job at all. It’s the #1 survival hack right now.
3. *Make yourself more valuable than you were yesterday, be a true professional, and do this every day. The least valuable are the first to go and last invited back in until the last one remains. Entitlement is experiencing the first wave of its reckoning in the job market. If you are let go, this mindful practice will ensure that you have the high-value track record to secure another job quickly. Hustle, start cold calling, network, learn a new trade, get certified in your craft, and expand your toolset; don’t underestimate the power of your network. Update that CV with the new and improved value and skills you can offer, not a fancy new document format, style, and font.
4. E.S.I. These three tenants should be everyone’s guideline for personal well-being and security.
   • Earn. As long as you continue earning by whatever means necessary, you will be okay. In order to do that, make yourself valuable.
   • Save. Do everything you can to save, bust out the penny jar, recycle aluminum and glass bottles, sell all luxury items to build-up your savings account now.
     • Save enough for a year’s worth of living + 30% for an emergency fund.
   • Invest. Don’t let you savings just sit there, it should be making more money. Invest in your own side business, Invest in stocks, Bitcoin, Gold and others. Traditional banking is the old game, start playing the new game that is already 5 years old (DeFi) right now. I’m compounding 8.6% on all my dollars with BlockFi and have a passive income of $650/month and growing. Educate yourself with the uber complex dynamics of investments, markets, and the global economy right now. Seek-out professional advice and commentary. Here’s a couple of podcasts and key articles to light a fire under your arse.
     • Understand the US dollar, Treasuries, Bonds, Oil, and Gold
     • Understand Gold Markets as a hedge
     • Understand macroeconomics
5. Cut your losses right now. Liquidate. Sell the fancy SUV and downgrade to a minivan. Extra vehicles or a Harley? Sell them. Do you really need all those subscription services? Sell all luxury items that do not have a functional and soulful purpose; cut your cable, throw out your TV, do whatever you can. Proceeds must be deposited directly into savings accounts; do it right now, make sure your money is making more money, not just sitting there.
6. Live far below your means; learn to let go, now is the time. Run your life and finances like a profitable and growing business that has steady growth, strong cash flow, no debt, and capital reserves (Savings). Your fixed costs should be less than 30%-40% of what you are earning, so you can save and invest. If that sounds impossible, then re-evaluate everything, there is a high probability that a reckoning is around the corner. Only purchase what you need for day to day; most likely, you don’t need half of what you buy. Re-purpose everything from plastic bags to shoes and clothes. Luxury takes a back seat right now; you’ll be grateful later. If you are still shopping at Whole Foods and Pottery Barn, grab a frying pan, bonk yourself upside the head, stop it.
7. Cash is king and there is a debate due to the Fed printing money of whether the value of the dollar will rise or fall. Bottom line, there will be some lifetime buying/investing opportunities in the markets; educate yourself, wait patiently, don’t be impulsive, consult professionals. FOMO is real, keep it in check. The FUD is real too. Zero debt, savings, gold, bitcoin and seek out professional advice.
8. Take advantage of the crazy deals that are available to reduce your monthly expenses. Try to negotiate a lower rent or move entirely. Change your car insurance policy and investigate how you can reduce the costs of the must-haves; there’s plenty of opportunities.
9. Live an Active and Healthy Lifestyle. Plenty of exercise, vegetables, fruit, fish, nuts, and meditate a few times a week. Stop watching TV and social media, you wills tart to feel so much better, less stressed, and not caught up in the hype.
10. If you are well-positioned right now, practice the art of being grateful and helping others as much as you can afford. If you can’t afford to help with money, help with your time, knowledge, and hard work. Never sacrifice your self or your family’s well-being for others.