Another Step Forward

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Over the last 6 months I have been looking at my monthly budget seeing what needs to change or be removed. I have changed the armed response security service saving roughly $35 per month which is not much, but a start in the right direction as it all adds up.

Today I sold my car which I haven't had to use in nearly two years as there is a spare car available tied to the business. This is something I should have done 18 months ago as the savings on the insurance alone is over $100 per month. Throw in the road tax and this is a money pit which if you are not using is burning money each month with nothing to show for it. Just with the change of security and selling the car that is already a $150 saving each month.

I do think knowing there is a recession coming that will affect everyone making these types of financial decisions is important. The way I am thinking the next car I own will be somewhere in Europe and not here.

The second property I own is still being developed by builders modernizing it making sure that it will achieve top dollar when it hits the market later this year. The property valuation was higher than what I had expected and once the alterations have been completed should be even higher. I am hoping to have this completed and sold before the market collapses.

This is the first time I have been proactive by doing things ahead of time which should make a big difference with whatever happens next. We all know in crypto having liquid funds selling before the crash is the key to making a difference and this I see in exactly the same way.

When a recession hits and you have liquid cash there are so many opportunities available to you whether it is buying a residential or business property or buying liquidated equipment/machinery at auctions to set up another business. I have knowledge in a number of industries and will exploit any opportunity that opens up if the time is right.

No one knows what the future holds and why being prepared and ready is vital as you are not limited by lack of funds or being tied down in any way. Twenty years ago I would never be thinking like this, but today times have changed so much you have to make decisions and be clinical all at the same time.

Moving countries is not a small decision and is certainly not cheap as I have done this twice before already. This has to be the last one as there is no room for mistakes at my age and why plenty of thought has already gone into this and nothing is being overlooked.

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