I had some ideas of my own. Number one idea was to pay down the mortgage. It would make a small dent in the mortgage but it would mean that I'd owe for less. Second idea was to put in solar power. I would like to get a stand alone system, but sometimes wonder if it's worth the effort. Sure I won't be tied to the grid but would I be better off just going non-electric? The third idea was to finish the front fencing. Right now I have a wrought iron gate but cattle panels across the property. After deciding to build the hedgerow putting in the wrought iron fence would be a waste of money. The fourth idea was to make more improvements to my bugout property. It needs fruit trees, fencing, and just about everything. The renters are cleaning the place up but I am going to have to spring for the price of the fruit trees. I will be doing this because every property should have fruit and nut trees. I'm also going to put in more trees here at home. I'm planting a date tree for a source of sugar plus more trees although I don't know what kind yet.
1. My thought is to put it into the solar power. The more independent you are the better off you will be. If you have solar then you won't need to worry about your well or the refrigerator or the washing machine. You can even have enough power to run the air conditioner some of the time. You'll be able to grow as big as a garden as you'll need without worry about water.
2. If you don't have a year or two supply of food you need to do this. Do you have enough weapons and ammunition? You should also look at Rawles Gets You Ready and head to Costco. Then buy silver coins. Then finish fortifying your property.
3. You've said that you have kids there. Do you have clothes, shoes, and other necessary items for them for all of the sizes that they will be growing into in the future?
I can discuss each of these three suggestions:
I still don't know about the solar. I'd like to get a solar backup to the well. One reader sent me specific information on how to do this. There's a good probability that I will do this. I'd much rather have the water on solar than anything else.
I have a good handle on the supply of food. There's never too much saved, but if the stores stopped selling today we'd be ok. I have the skills to feed us. I have been focusing on buying ammunition. I bought between 100 and 500 rounds for each of the weapons just this past month. I have between 500 and 5000 rounds for each. I never bought the Rawles Gets You Ready course. I figured I'd rather spend the money on stuff than spend it on the course. I was hoping to find a friend who had bought it and would let me read it. That never happened. It's now out of print but I'm sure it would have been a good investment.
I spent one weeks salary buying silver coins when they were $14 an ounce. I haven't bought any since. Wish I bought more then. I don't know how much is enough when it comes to silver coins. Are you better off investing in your living situation if you don't think you will be bugging out or should you invest it in coins? Am I better off buying a fruit tree or an ounce of silver? When buying silver, California has a stupid rule. If you spend over $1500 then you don't have to pay tax of almost 9%. If you spend less you have to pay tax. Is it worth saving the money then purchasing them? Depends on if they are going to go up that 9% while you are saving.
Keeping stuff for the kids. I can buy clothes for myself and they can last ten years. This doesn't work with the kids. I do have bins in the garage with shirts, pants, jackets, undergarments, and shoes for each size 0-16. There's the minimum amount needed for each size. I do let the kids buy new things each year and we add that to what's in the bin. When they outgrow that size I save the minimum amount in case it's needed by someone else in the family. All the rest gets donated. Once the kids reach adult size I can sew or rework other clothing I have.
The question is, if you had a spare $10-20,000 (probably closer to the $10,000) how would you spend it? No trips to Disneyworld as the kids and grandkids suggested...