Prepare for Any Financial Storm 🌪️

Here are three steps to take now so that you don't panic should your financial picture change. [Shield] AN OXFORD CLUB PUBLICATION [Wealthy Retirement]( [View in browser]( SPONSORED [Biden to "retire" US dollar?]( [Biden Signing]( A former advisor to the CIA and Pentagon now believes President Biden plans to retire the U.S. dollar we know. And replace it with what he calls "Biden Bucks." It is underway. On March 9, Biden signed Executive Order 14067, which could pave the way for "Biden Bucks." [Click to see how to save your investment and retirement accounts.]( Editor's Note: Listen up! The early-bird deadline to claim your [all-access livestream pass to our 25th Annual Investment U Conference]( is fast approaching... And I do NOT want you to miss out. This is your best chance to hear all of our team's groundbreaking new research on the best ways to play today's volatility, including... How to beat the bear in 2023... winning research and strategies for ANY market... the most profitable real estate niche no one is talking about... the best fixed income opportunities for 2023... security tokens and the real winner in the crypto battle... AND MORE! To find out how you can put your name on the list - and save $100 - [simply click here now](. - Rebecca Barshop, Senior Managing Editor [FINANCIAL LITERACY]( ["If You Stay Ready, You Ain't Gotta Get Ready"]( [Marc Lichtenfeld, Chief Income Strategist, The Oxford Club]( [Marc Lichtenfeld]( "If you stay ready, you ain't gotta get ready." - James Brown Those are some pretty wise words from the "Godfather of Soul." How many athletes, from professionals to weekend warriors, get hurt every year because they try to do too much too fast after a layoff? Singers can easily blow out their voice if they don't care for themselves properly, even when they're not performing. And financially, folks can get ruined from even a minor setback if they haven't planned accordingly. Here are three steps to take now so that you don't panic should your financial picture change. Keep six months' worth of living expenses in cash. This is common advice, and it makes a lot of sense. Should you lose your job or have some other emergency, knowing that you can pay the rent and eat for the next six months will mean you have a lot less stress. Save that money before you do anything else with your cash. Only once you have six months' worth of expenses saved should you start investing. SPONSORED [$4,900 Value...]( We're offering a bonus year of our newest research service - valued at $4,900 - to anyone who joins today. [Click here to find out why - and how to claim it!]( Know what you spend your money on. When companies go through hard times, they know where they can cut back to avoid losses. You should do the same. Track your monthly expenses so that if you lose your income or incur a large unexpected payment, you know what levers you can pull in your own daily life to lower your costs. I'm not the guy who tells you to stop getting that latte you enjoy. But if you know how much you spend, you'll know whether you should keep getting the latte or whether there is somewhere else you can reduce spending should you need to. There are various free budget apps, such as [Mint]( and [PocketGuard]( you can use to help keep track of your spending. Understand your assets and income. If you have investments, knowing how much income they spin off each month or year is very important. For example, if your investments generate $3,000 per month in income and you lose your job, knowing that you'll still have $3,000 coming in each month can make the adjustment less stressful. And if you know that you have other investments (like growth stocks) that could be turned into cash-producing assets (like dividend stocks or bonds) to generate even more income, that can go a long way toward lowering your anxiety level. Update your numbers quarterly so you have a clear picture. I do this in a spreadsheet each quarter. It's a great feeling to see your money and income grow over the years. And since you'll have a clear picture of what you have and the income it produces, you'll be able to invest and make changes accordingly. These are not time-consuming or complicated steps. There is no reason you should be scrambling trying to figure out what your situation is should your financial picture change. James Brown was right about staying ready. Employ the above steps now. Don't wait. To quote James Brown one more time, "Get up offa that thing." Good investing, Marc [Leave a Comment]( [Explore the Wonders of Israel, Jordan and Egypt]( MORE FROM WEALTHY RETIREMENT [Image of a China-U.S. relations concept]( [The Chinese Spy Balloon Is Just the Beginning]( [Image of an aerial view of a well-kept neighborhood]( [Buy This Developer's Stock for $0.50 on the Dollar]( [Image of a candlestick stock chart]( [This Simple Chart Pattern Delivered Same-Day Triple-Digit Gains]( [Image of an elderly couple meeting with an advisor]( [A Very Different Valentine's Day Message]( [Facebook]( [Facebook]( [Twitter]( [Twitter]( [Email Share](mailto:?subject=A%20great%20piece%20from%20Wealthy%20Retirement...&body=From%20Wealthy%20Retirement:%0D%0A%0D%0AHere are three steps to take now so that you don%27t panic should your financial picture change.%0D%0A%0D [Email Share](mailto:?subject=A%20great%20piece%20from%20Wealthy%20Retirement...&body=From%20Wealthy%20Retirement:%0D%0A%0D%0AHere are three steps to take now so that you don%27t panic should your financial picture change.%0D%0A%0D [Email Share]( [Push Alert]( SPONSORED [You're crazy if you're not getting paid on your investments...]( Discover the type of stock that pays you CASH to invest. 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