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Before you do anything outside of building a financial wall of protection

around you, your family, and your assets, you need to have liquidity. By

having immediate access to capital for emergencies and opportunities, you

avoid setbacks due to unexpected events; you can also possibly make up

for lost time when purchasing assets at a huge discount.

Cash is king and cash flow is queen. You need to be able to seize

opportunities when a short window opens for you and no one has

immediate access to capital. This might allow you to buy assets for pennies

on the dollar.

By the way, you don't need to sock away all of your liquidity in no/low

interest bearing vehicles. There's another way that will be revealed later.

The process of creating wealth needs both an offense and a defense.

Between the two, the defense is much more important than the offense is.

Too many people concentrate their financial lives on the offense

(accumulation) and ignore the defense (protection: life, liability, disability,

estate, liquidity, etc.). You need to build a financial wall of protection around

you, your family, and your assets that virtually nothing can penetrate before

you focus on the offense.

We've discussed the many challenges of planning for your financial future.
It's important to build a foundation that can take care of your essential living

needs, such as housing, food, transportation, clothes, utilities, insurance,
etc. We suggest that your essential living needs be met with predictable

guaranteed income.