How do we prepare ourselves for an economic collapse? The answer is to think that it’s already there to prepare ourselves before it actually happens. In this way, you’ll be thinking in advance in two aspects: financially and as a survival mode.
In this article, you’ll get to learn tips for preparing for the financial crisis case of an economic collapse.
How Do We Prepare for an Economic Collapse?
Thinking about a financial crisis before it actually happens is a mindset of a wise prepper and finance genius. Plus, advanced thinking will prepare you and your family to face an economic collapse, even the after-effects of natural disasters. It is always practical to think about passing through scarcity to avoid overspending.
Here are some helpful principles that will help you face a financial crisis:
Stock Essential Supplies That Can Sustain Life
Food and water are an essential part ofsurvival, so make sure to stock these essential supplies. Choose to store food with a longer shelf life as it lasts longer. The best options are stapled foods such as rice, wheat, pasta, oats, beans, and dehydrated foods.
Also, make sure to include foods such as canned goods, cereals, and spreads. You can store beverages like powdered milk, hot chocolate, coffee, soda, and fruit juices too.
Don’t forget about toiletries, medication, and first aid kits.
Keep items like soaps, shampoo, toilet papers, wipes, contact solutions, and other products. If you use prescription drugs, you can stock as much as you can consume for one to two months. This helps cut frequent trips and purchases if you run out of stock. You can also include vitamins and other supplements that you take every day.
Keep a supply of over-the-counter drugs that will help you and your family in times of sickness. Always keep a first aid kit to enable you to treat minor injuries without any medical help. A well-stocked pantry will help you save time and money. It eliminates stress as it makes you well prepared during times of emergency.
Have A Garden To Grow Your Food
Growing your garden is an essential skill that anyone should master. Humans eat every day, and having something to harvest can help cut your expenses. Potatoes, radish, peas, beans, onions, garlic, and tomatoes are the easiest to grow in your garden.
Growing your food means having quality gardening tools. Don’t buy low-quality and cheap gardening tools as they wouldn’t last long. Who knows if you have to buy them again? So make sure to invest in quality tools that will last longer. Keep them protected from elements that could make them rust. It can keep you from using them for the longest time.
Raise a Few Chickens
Chicken meat and eggs can provide our body with much-needed nutrients such as protein and fat. Chickens are easy to raise and take care of with the right setup. Create a habitat that provides for their needs to survive, grow and produce. In return, they will contribute a lot to produce our food.
Practice Living With Little Or No Electricity
Reduce your energy consumption and look for alternative sources of energy. You can opt for solar electricity and have a solar panel installed in your house. If you want, you can also buy solar-powered household items like a flashlight. If you can, get used to little or no electricity. If the time comes that there’s none, or you got cut off, you’d still be able to survive.
Enhance Your Basic Skills
Basic skills during an economic collapse will always be valuable. Your ability to do home repairs, such as fixing a leaky faucet, will save you more money. You can earn cash by doing those services to others, including knowing how to do car repairs.
Learn to grow vegetables, mend torn jeans, take care of children, repair broken locks. Those are a few examples of skills that will save money when times are tough. Also learn the art of trading. Thousands of years ago, money was not a commodity, trading was used. So you must learn the art of trading as well.
What can you trade? Mostly the survival necessities, basically anything – batteries, seeds, clothes, you name it. Just make sure to have items to store and trade during economic collapse and leave enough for yourself.
Learn How to Protect Yourself and Your Family
Survival skills include preserving your life to protect yourself and your loved ones. Learning how to protect yourself and securing your home will heighten your survival.
Protect Your Home From Theft
Secure all points of your home to make it look uninviting for potential thieves. Keep valuables away from the windows, build fences, and install alarm systems. Protect your belongings to avoid spending money by purchasing lost items.
Learn Basic Self-Defense
When people are hungry and desperate, they will pose a threat to your safety. Learn to defend yourself when necessary. Equip yourself with tools such as baseball bats, pepper sprays, iron pans, or knives.
Being proficient in fighting can help you a lot, but improvised weapons can enhance your defenses. Offer help if you can but defend yourself and your family first.
Keep a Positive Outlook But Prepare for the Worst
Coyotes live with fear, and they always expect the worst to ensure their survival. They survive by securing their homes to protect themselves and their young. They use their super-speed to outrun danger and other predators and hunt in packs.
You can always hope for the best, but expecting the worst to come can help you a lot during an economic collapse. You can’t control the elements, but preparedness is your best defense. Just remember to think long-term, think proactively, and let your survival mode kick in even with the comforts of life we have now.
We must enjoy life to the fullest, but we should make sure that a few reasonable worries can result in positive action and preparedness. Always be prepared to think that you might encounter challenges along the way.
Keep the positive vibes going despite all the odds. That will make you think clearer and can ensure all the necessary steps for you and your family’s survival. Don’t just be a wise prepper, but be smart in your finances as well. Start preparing now!
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