The idea of a watchman is simple: stand guard and protect those you love from danger. Most often, we think of that in terms of crime, politics, or even spiritual threats. But there is another peril that is just as real and just as destructive – economic instability.

A family’s finances can collapse faster than most people imagine. Medical emergencies, job loss, or unexpected expenses are not rare. Nationally, about 70% of Americans will need some form of long-term care. Much of the time that care is provided by family members, not professionals. That means you may not need an insurance policy for this risk – but you will need wealth accumulated and ready if your family is going to absorb the strain without breaking.

Being a watchman in your own household means guarding against these economic dangers. That doesn’t require Wall Street strategies. It begins with disciplined, practical steps:

Emergency savings. Right now, you can earn close to 4% in a high-yield savings account. Keeping a few months’ expenses on hand buys peace of mind and time to adjust when life takes an unexpected turn.

Invest for the long term. Beyond savings, owning durable assets – retirement accounts, property, or other investments – creates a foundation that grows over decades and stands firm against inflation and uncertainty.

Avoid high-interest debt. Interest payments siphon off future freedom. Every dollar lost to a lender is one you can’t use to guard your own household.

These practices aren’t just about money. They are about protecting freedom, preserving choices, and shielding those you care about from unnecessary hardship. In Alaska, where resilience is part of our identity, financial preparation is another form of standing guard – one that ensures families can weather storms without losing ground.

We live in uncertain times. Global markets, political turmoil, and cultural battles dominate headlines, but the most important line of defense is often at the kitchen table. The watchman’s role is to see danger ahead and act before it arrives. That responsibility doesn’t stop at the door; it extends to our household economics as well.

Being a faithful watchman means guarding not only against threats you can see, but also against the financial pitfalls you can’t afford to ignore. That is how we protect our families, strengthen our communities, and secure Alaska’s future.

The views expressed here are those of the author.

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