Worried about a societal collapse?
Dr. John Delony describes himself as a fellow worrier who’s also concerned about the ballooning national debt, but he doesn’t have any jewels hidden in his backyard (though he does have a deep freezer with about a year’s-worth of meat in it).
Delony also urged Chris to ground himself in the present, because “if you’ve confirmed in your mind” that a tragedy is coming your way in the future, “your body responds as though it’s happening right now,” said Delony. And that takes you away from being in the moment. And this isn’t necessarily helpful.
So what can worriers like Chris do to prepare for the unknowable — and live more in the moment?
Invest in real estate without the headache of being a landlord
Imagine owning a portfolio of thousands of well-managed single family rentals or a collection of cutting-edge industrial warehouses. You can now gain access to a $1B portfolio of income-producing real estate assets designed to deliver long-term growth from the comforts of your couch.
The best part? You don’t have to be a millionaire and can start investing in minutes.
Learn MoreGoing back to basics
Before getting into precious metals (or bullets), Delony suggests going back to basics. For example, before getting into bio-hacks to improve your longevity, you’ll want to master the basics first — like exercising and eating right.
The same goes for finances. “Do I owe anybody any money?” Delony said. Is his family “actually free?”
Going back to basics means being financially “free.” That’s where good financial habits can help: building up an emergency fund, paying off debts (starting with high-interest debts, like credit card debt and loans) and investing in a diversified portfolio.
Take a news fast
Trying to think through how you’d handle an “epic wild west scenario is a waste of time and energy,” said Delony. “It’s just a distraction from being present with your daughters.”
He suggests taking a “news fast” for the next 60 days — not looking at news or social media — and doing something else instead, like playing with your kids or going out for a hike.
“That’s not me putting my head in the sand,” he said. Rather, it’s about getting out of that “anxious state into a world that I can actually impact, which is my family, my home.”
This 2 minute move could knock $500/year off your car insurance in 2025
OfficialCarInsurance.com lets you compare quotes from trusted brands, such as Progressive, Allstate and GEICO to make sure you're getting the best deal.
You can switch to a more affordable auto insurance option in 2 minutes by providing some information about yourself and your vehicle and choosing from their tailor-made results. Find offers as low as $29 a month.
Find the best rate for youGold isn’t always golden
If there was an economic and societal collapse, “gold’s not going to solve it,” said Kamel. “We’d go back to the bartering system, trading for food, water, fuel.”
As Dave Ramsey said, “At no time has gold been used as a medium of exchange in a crashed economy since the Roman Empire.”
Kamel says he doesn’t own any gold and “if we make decisions based on fear, we end up poorer — not richer,” he said, adding that he avoids precious metals and “wouldn’t use it as a hedge against anything.”
The best hedge
One of the greatest hedges — if not the greatest hedge — is “robust, connected relationships with your neighbors,” said Delony. And you “can’t buy that off of Amazon.”
If Chris is truly concerned about the world imploding, “get to know the people around you, have them over for dinner, become friends with them, talk about values.”
The richest 1% use an advisor. Do you?
Wealthy people know that having money is not the same as being good with money. Advisor.com can help you shape your financial future and connect with expert guidance . A trusted advisor helps you make smart choices about investments, retirement savings, and tax planning. Try Advisor.com now.
