Pretty simple. And simple-minded. The 20th century taught us a lot of lessons on just how frigging bad things can get.
/johnny
I wonder how many people that mock a low income person that is prepared for 6 months of living with no outside help, or a wealthy person with six months of food and warmth, and lighting stored in his basement ‘preparedness bank’, can wax eloquently, and with great passion on the absolute need to have deep financial preparedness.
Financial preparedness is also a fundamental part of being prepared for emergencies, for the obvious reasons of keeping up with bills and holding on to the mortgage and the new car, etc., but also because it can buy the things that you need in an emergency, but having those things in the first place, takes financial preparedness one step farther because it covers the possibility that your funds won’t be available, or that the goods won’t be available, and I save a fortune on bulk buying years in advance.