.People Who Take Precaution Seriously Are Well-Protected
People Who Take Precaution Seriously Are Well-Protected
Notes From The Field By Simon Black
January 13, 2020 Bahia Beach, Puerto Rico
Do You Have A Backup Generator?
The news headlines read, “Deadly 6.4 Magnitude Earthquake Plunges Puerto Rico into Darkness”; and “Powerful Puerto Rico Earthquake Knocks Out Entire Island’s Power.”
It was enough to prompt my mother to call, four times, to make sure I was OK.
There’s been a string of fairly strong earthquakes lately in Puerto Rico... which is incredibly unusual for this part of the world. It’s been more than a century since the island was rocked by anything of this magnitude.
But I explained to my parents that the press had blown things out of proportion as usual. They were running video footage that made it seem as if the island had been blasted back into the Stone Age.
It’s true that there were some displaced families and property damage near the epicenter.
But most of the island was not substantially affected. None of the major news organizations bothered to show footage of busy shopping malls, crowded restaurants, and packed movie theaters teeming with consumers.
It’s also true that the electrical grid went down: the island was without power for some time. Here in my community, the power came back on after 2 days. Some people had it on after a day, some after 3 or 4 days.
But here’s what people don’t realize-- the electricity problems in Puerto Rico have a lot less to do with the seismic activity, and a lot more to do with the island’s decade-long economic depression.
To continue reading, please go to the original article here:
https://www.sovereignman.com/trends/do-you-have-a-backup-generator-27052/
6 Common Excuses for Not Saving Money By Tara Struyk
Have you ever settled on a new exercise program, only to get a bad cold a few days in and happily throw yourself on the couch, relieved to have a handy excuse? Excuses must be human nature; I know I usually make them when I'm facing something that’s new, that's hard, or that I just don’t enjoy. And I’ve certainly made excuses when it comes to money.
In the years that I’ve been writing about personal finance and investing, I’ve also heard my fair share of excuses, mostly from readers who don’t agree with my advice. The problem is, unlike good financial habits, excuses are easy to come by, even though most of them just don’t stand up to reason. Check out some of the ones I’ve heard most frequently so far.