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

By
Mortgage and Lending with Level 4 Funding NMLS 1018071 AZMB 0923961

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?

  1.          Can you financially survive with 3-4 months of no income?
  2.          What if you are restricted and cannot get to Fry’s Market for food?
  3.          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.

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

If it gets really, really bad.

  1.          Mask to cover up you face.
  2.          Guns and ammo – can it really get that bad?
  3.          Generator and fuel.
  4.          Gold/Silver
  5.          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 LLCDennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Private Hard Money Lender
Construction Loans
Land Loans
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701

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.

© 2019 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions
Fb Yt In Arr Nm Bl Tw Gp

.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community

Spam prevention
Show All Comments
Rainmaker
1,142,996
Margaret Goss
Baird & Warner Real Estate - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

I hear so many conflicting reports on this. I'm trying not to stick my head in a hole in the ground, but I'm not going to go wild about it either. A good start would definitely be food, water, and some cash.

Feb 25, 2020 12:32 PM #1
Ambassador
4,379,552
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Who knows what's going on because as Margaret Goss said there are many conflicting reports out there. Having lived in areas with hurricanes, I have learned to have food, water and funds socked away just in case. 

Feb 25, 2020 06:23 PM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?