In this economy, we need all of the help we can get. Here is some free advice from a lawyer you may know and love:
1. Mix Up Your Investments (Don't Marry One Asset)
Stocks? Great start.
Bonds? Solid idea.
Money Market Accounts and CDs? Very good to have if you like to spend and need to lock some funds away from your bad habits.
Crypto? Only if you can emotionally survive the chaos.
The point: spread it around so one bad day doesn't wreck your whole vibe.
2. Build Multiple Income Streams
We have all learned this lesson together: one check is never enough.Helpful ideas we are starting to implement as a collective
- Side business
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Freelance work
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Rental income
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Digital products. The goal is to make money while you sleep, not while you are physically exerting effort. There are only 24-hours in each day, so use your mind, and use that time wisely.
3. Save in More Than One Place
Keep:
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A checking account
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A high-yield savings account
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Maybe even cash wrapped in plastic, buried in your back yard.
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Gold and silver bullion, coins, and physical hard assets (fine jewelry). <<<< Items you can trade in an emergency.
Banks are human institutions that only insure your deposits up to $250,000.00. Don't put your eggs all in one basket or let them hold your whole life hostage.
4. Own Both Short-Term & Long-Term Assets
Short-term = cash, savings, easy-to-sell investments
Long-term = retirement accounts, real estate, index funds
You want a mix of “I need money now” and “I'm planning for Future Me, who has her feet up, sipping a tropical drink, somewhere sunny, living in luxury.”
5. Invest in Yourself (It Counts!)
Skills, courses, certifications, creative projects — these things literally raise your earning power.
You are the asset. Level your life up! Do what you can while you can.
