Don’t Be Scared, Be Prepared

That’s the advice by financial expert and Wall Street adviser David Marotta. He’s not really buying into the whole “zombie apocalypse” scenario, but he does acknowledge that with the national debt spiraling out of control, the decline of the dollar, Obamacare, and the NSA things could get bad. His biggest worry seems to be the economic malaise that’s just eating away at everything.

So he isn’t predicting a complete societal collapse, but still believes people should be prepared for short term emergencies like natural disasters and power outages. Some may see his advice as Chicken Little “the sky is falling” rhetoric, but really it’s just common sense, and even the government has made similar recommendations, except for maybe the part about having guns and ammo.

David John Marotta, a Wall Street expert and financial advisor and Forbes contributor, said in a note to investors, “Firearms are the last item on the list, but they are on the list. There are some terrible people in this world. And you are safer when your trusted neighbors have firearms.”

His memo is part of a series addressing the potential for a “financial apocalypse.” His view, however, is that the problems plaguing the country won’t result in armageddon. “There is the possibility of a precipitous decline, although a long and drawn out malaise is much more likely,” said the Charlottesville, Va.-based president of Marotta Wealth Management. ….

In his latest note, he said that Americans should have a survival kit to take in case of a financial or natural disaster. It should be filled with items that will help them stay alive for the first 72-hours of a crisis, including firearms.

“A bug-out bag is a good idea depending on where you live even if the emergency is just power outages, earthquakes and hurricanes. And with your preparedness you will be equipped to help others who might be in need,” he wrote. “Be prepared. Especially because it keeps you from being scared.”… (Read More)

Bug out bags, generators, and emergency supplies are the sorts of things you hope you never need. But if you ever do need them you’ll be darned glad you have them, even if they only get you through a few days. I might buy a couple for my family as New Year’s gifts, which is kind of weird, but Christmas is over, so maybe I’ll start a new family tradition. I would probably add a few things like a lighter, water purification tablets, blankets, a multi-tool, a small metal pot, flashlights, tissues, soap and toothpaste. What would you add?

Marotta also linked to a book about preparing for the apocalypse which sounds like a good read.

Update: Or you could just invest a whole lot of money into a home on the sea. But you’d still probably need to keep yourself alive and healthy for a few days so you could get to it.