You’re concerned about the economy and the potential for economic collapse and I have to say – I don’t blame you. No matter where you live in the world, the news is unsettling. Countries are going bankrupt, currencies are collapsing and there is no sign that anything is going to be improving soon.
In any scenario, though, saving up enough money and resources for basic sustenance is the first step.
This will reduce your dependency on your job and grocery stores. Ideally, with zero income, your existing savings should be enough to sustain you for at least six months, and even then, it would be better to be able to rely upon alternative income sources to generate additional earnings. Even without any worries about economic collapse (in your country or globally), this is a wise thing to do.
When the Government Takes a Nose-Dive, Don’t Follow!
These preparations will enable you to stay afloat and even prosper in the worst financial conditions.
Consider your current lifestyle in terms of your future
Do you and your family spend money like there’s no tomorrow? If you do, when tomorrow does come, you’re likely to find it particularly difficult. Making a few changes now can vastly strengthen your situation.
Start thinking about what’s really essential for you and your family and budget for these things. Once you have these necessities taken care of, then you can include non-essential luxuries in your budget.
Look for ways to supplement your income and save even more. If there’s anything that you can be certain about, it’s that you surely can’t have too much money for the difficult times that may be looming ahead.
Accumulating gold and silver is particularly smart since the current currency may yield little to no value in a failed economy.
Having the basics, like food, water, and tools, will enable you to survive. Having extra to sell or trade will help you prosper.
Ensure you’re sufficiently stocked up on food supplies, water, hygiene items, and other basic necessities. This isn’t the same as hoarding, so please don’t fill the space behind your walls with canned food you’ll never use. One of the most commonly quoted expressions when it comes to a healthy stockpile is that store what you use, and use what you store.
If you can purchase a piece of land outside the city, especially one with a fresh water supply, you’ll have access to, and the means to produce more, fresh food and water.
And of course this also means you need to know how to preserve, store and cook those food supplies. A copy of A Cabin Full of Food should be in every well-prepared kitchen.
Strengthen your survival skills
Survival skills are things like living off the land and natural medicine. Your community may offer inexpensive classes to increase your knowledge and skills.
No matter what your interests or skills, there is an area of vital survival skills that you have (or can easily learn). Imagine if everyone knew how to find edibles but no one knew how to cook them? How long do you think people would manage without the ability to mend clothing? A strong arm and the ability to chop firewood is valuable, as is a knowledge of building and maintaining a wood stove.
Of course there are also the more obvious skills – medical knowledge is always important, which includes knowing how to assist in the birth of a baby. Even a small amount of gardening experience can help, and don’t forget food storage skills.
In an economic collapse, these skills will not only help you survive, but others will gladly pay for your services as well.
Don’t be a lone wolf!
While the urge for you to “go it alone” may be really strong, the truth is that surviving all by yourself will indeed be a difficult and cumbersome task. This is something that I have repeated over and over again.
Historically, humans have always flourished the best when they worked together.
Being able to work together with others will be among the most important survival skills that you can have at your disposal.
Strengthen your bonds with your friends or neighbors and make plans together. For example, you could stockpile complementary items to share. Take note of the different skillsets among those you know and trust.
As cold as the world may become prior to an economic collapse, your kindness and compassion towards others will certainly pay you dividends you would’ve never expected otherwise!
Yes, you can survive – and even prosper – if the country suffers a financial collapse. Starting on these preparations now will give you greater confidence in your ability to provide for your family in the years to come.