Living Rich in Spite of Coronavirus

Dear Rich Lifer,

Many of the top financial heavyweights have warned us about an upcoming crisis…

Jim Rickards warned us about an event that could “Not only gut the U.S. stock market… and cannibalize your retirement savings… but it could ultimately END what we’ve come to know as the American way of life.”

Robert Kiyosaki cautioned, “Markets rise and they fall. Today, those falls could be bigger than ever before. When the next crash comes it could cause financial ruin for the middle class and the poor.”

These guys and many others foretold a looming economic crash. 

They shared this message so that people could get their financial houses in order, and even go beyond shoring up their savings. 

Time and time again, they shared these messages so that people could get prepared.

And while a few people listened, most people didn’t. 

For a very long time, people thought, “Well, that’s the future – it won’t happen any time soon.”

Or “This won’t happen in the US – we’re too well insulated for that.”

Unfortunately, many people are living with the consequences of that. 

Oh, and forget those who watched their trading account balances fall off a cliff…

That is, of course, terrible, but it’s more of an abstract problem – one that can be fixed with clever future investments.

Right now, there are hundreds of thousands of people who are literally about to go hungry. 

Way too many people are living with the reality of skipped paychecks. 

They don’t have food in their pantries, and even if they did?

They have no idea how to cook. 

They are completely unprepared.

Even if your current situation is not that dire, you’re probably running into roadblocks that make your life inconvenient and uncomfortable – that’s certainly not a Rich Life, is it?

In order to help you combat that, we’ve thought of some things you can do RIGHT NOW to live richer – even when things are bad. 

Flex Your Alternatives

If you head to your fridge and notice it’s looking kind of bare, it’s time to hit up the pantry. Your fresh stock may be running low, but that doesn’t mean there’s nothing you can cook. 

Use websites like Pinterest to find out what you can swap. Out of eggs? Try applesauce instead. No butter? Sub in oil. There are tons of depression-era recipes – like this one for a cake with no eggs, butter, or milk – that will help you stretch what you’ve got for as long as you need to.

Oh, and if you cook like your grandmother probably did, you can make this work for savory meals, too. Make a double batch of meatloaf by adding in bread or beans. Stretch the frozen chicken you have on hand by adding in mushrooms. These changes won’t taste the exact same as your original favorites, but they will keep you full and happy just the same.

Shop Smart

Whenever you go to get groceries, add in more staples – especially the flexible ones we mentioned above. Pasta sauce, tuna fish, peanut butter, dried fruits, potato flakes – these will all last a long time in your pantry, and they’re flexible enough to use in a variety of ways. 

Got room in your freezer? Then you can get extra tortillas, bread, and even cheese. These foods freeze and defrost perfectly.  

Try Meatless Meals

You may laugh, but while meat is sold out almost everywhere, the vegetarian and vegan sections of most grocery stores are well stocked. 

And while tofu might not be the most savory option, there are plenty of other meat substitutes that are protein-packed, good for you, and tasty, too. 

For example, pea protein crumbles are very similar to ground beef, so you can use them in spaghetti bolognese or a hearty chili, and jackfruit makes a mean “pulled pork”.

Look up vegetarian blogs to get more ideas, and you can eat like a king even when meat is in short supply. 

Get Hyperlocal

Many local restaurants and bakeries are struggling to stay afloat right now, and even though they can’t have patrons come in for a sit down meal in most states, they can offer delivery and take out. 

Skip the McDonald’s drive-thru and look up your favorite mom and pop operation on social media. Chances are good they’re offering specials so you can eat great food in the comfort of your own home.

As a bonus, some local restaurants are also offering hard-to-find staples. I just picked up a meal to go from my favorite local lunch spot, and I was able to get 5 pounds of flour and a dozen farm fresh eggs from them, too. 

Check social media or call your favorite eatery to see how they can help – they can use your support right now, too. 

Grow Your Own

There is no better time than right now to start a garden. If you really want to be prepared for anything the future throws your way, growing your own food is the perfect place to start. 

Home improvement stores are still open and many of them will bring your purchases to your car. Get some soil and a few pots, and then some plants that will grow in your area. Check the USDA’s website to learn more about hardiness zones right here. 

Not a lot of space available? That’s ok – there are lots of modern, space-saving solutions to gardening, such as these vertical planters from Green Stalk Garden.

Indulge In Hobbies

Remember hobbies? Before the advent of cable TV, many people came home after work and indulged in the relaxation that hobbies can bring. 

Nowadays, homes are much more likely to have a big screen TV than a sewing machine, but that’s ok – there are still many hobbies you can take up or dig into now that you have extra time. 

One great example is home brewing. You can buy a kit online and have it shipped direct. Need an ingredient right now? In many cities, home brewing supply stores are essential businesses, so they’re still open to help you out. 

These are just a few ideas you can use RIGHT NOW in order to live rich while we weather this storm. Over the next few weeks, I’ll also give you tips on what you can do for the future.

This crisis won’t last forever. When the good times come back (because they always do), you can use what you’re learning to prepare your home and family. 

That way, the next time something bad happens, you’ll have peace of mind because you’ll be more than ready for it. 

To a richer life,

Nilus Mattive

Nilus Mattive

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Nilus Mattive

Nilus is the editor for the daily e-letter The Rich Life Roadmap and a Paradigm Press analyst.

Nilus began his professional career at Jono Steinberg’s Individual Investor Group, where he published his original research through a regular investment column. Later, he worked for a private equity business and spent five years editing Standard and Poor’s...

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