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What’s Your Survival Guy Doing with His Cash?

August 18, 2021 By E.J. Smith - Your Survival Guy

By Malochka Mikalai @ Shutterstock.com

You know what Your Survival Guy is buying right now: Beer, bullets, and Burgundy. Because each one is, among other things, a perfect sweetener to your cash. Yes, cash is king, and, with one of the three Bs above added to the mix, you’re immediately elevated to royal status. But for today, let’s talk about your cash. How much should you have on hand? 

I want you to think about your cash in three ways:  

  1. You have your emergency stash on hand that you hope to never use.  
  2. You have cash in your investment portfolio as part of your strategy. To buy stocks when others are selling, for example.  
  3. You have a pile that’s getting bigger and bigger at your bank. You know, the cash you used to use to buy CDs. Remember them? Well, that’s your sleep well at night cash, and quite frankly—it’s gotten lazy. Chances are you have too much of that cash sitting around doing nothing. 

Action Line: Put your lazy cash to work. Now is the perfect time to stop and think about how much cash you really want sleeping the day away at your bank when it should be working for you. In my conversations with you yesterday, that’s exactly what we discussed. Don’t let inertia get the better of you. If you’re serious about defeating inertia and thriving, click here to sign up for my free monthly Survive & Thrive newsletter. I’ll help you defeat inertia and achieve your goals. But only if you’re serious.  

Originally posted on Your Survival Guy. 

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

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E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com
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