Welcome to Level Three!
If you completed all of the steps of Level Two, you now have all the protection you desire in place. In other words, you have constructed the “moat” for your financial “castle”. Congratulations! You are now ready to embark on Level Three!
In Level Three, we are going to:
1) Build a Total of Six Months Food and Water Supply
2) Build a Total of Six Months Gross Income Saved
3) Diversify Your Six Months Liquid Savings
So you might be asking, “When are we going to get to the good stuff already, like investing in stocks, real estate, and other sexy topics?” But be patient, Level Three is a vital step in your plan. Remember, those who have adequate savings are actually better investors than those who have little or no savings. Why is that? Well, if you have savings, you are less likely to desire to hit a “home run” in the stock market, or to place all your money in a risky real estate venture. Furthermore, you will be a better investor because you will have a ready cash reserve to scoop up any great investing deals that come your way.
So let's keep moving… We are going to begin Level Three with a step-by-step plan of building six months food and water supply.