During the last recession, millions of people lost their jobs, and because a lot of them had no financial cushion, many of them also lost their homes.
For the next couple of years, my number one tip is to build up an emergency fund. If you are a prepper and you are living month to month, then you are in a very vulnerable position.
What is going to happen to all of your preparations if something goes wrong and you suddenly lose your home to foreclosure?
I recommend that everyone have an emergency fund that will be able to cover all bills and expenses for at least six months.
Yes, cash is continually losing value. But during any economic downturn it is absolutely essential that you be able to continue to pay your bills. Having a cash reserve is the smart thing to do.
So what else can people do to start prepping for the tough times that are on the horizon?
In a previous article, I explained that a good place to start is by focusing on the five basics....
1 - Get Out Of Debt
2 - Find New Sources Of Income
3 - Reduce Your Expenses
4 - Learn To Grow Your Own Food
5 - Make Sure You Have A Reliable Water Supply
6 - Buy Land
7 - Get Off The Grid
8 - Store Non-Perishable Supplies
9 - Develop Stronger Relationships
10 - Get Educated And Stay Flexible
1. What am I preparing for?
2. Am I going to bug in or bug out?
3. Can I defend my family, property and preps?
4. Do I have enough to feed my family until order is restored?
5. How will I heat my home?
6. How will I keep clean?
7. How will I provide light and electricity?
8. How will I keep up on information and communicate with the outside world?
9. What do I have to offer others?
10. How will I fight off boredom?
11. How do I pay for all of this?
You can read the entire article right here.
*In the years ahead food might cost a whole lot more than it does right now. Your food dollars are never going to go farther than they do right now.
*Many people do not realize this, but you can grow herbs that have tremendous healing properties in your own garden.
*In a recent article, I detailed some of the things that you will want to consider in the event of a major economic collapse....
#1 Food Shortages Can Actually Happen
#2 Medicine Is One Of The First Things That Becomes Scarce During An Economic Collapse
#3 When An Economy Collapses, So Might The Power Grid
#4 During An Economic Collapse You Cannot Even Take Water For Granted
#5 During An Economic Crisis Your Credit Cards And Debit Cards May Stop Working
#6 Crime, Rioting And Looting Become Commonplace During An Economic Collapse
#7 During A Financial Meltdown Many Average Citizens Will Start Bartering
#8 Suicides Spike During An Economic Collapse
#9 Your Currency May Rapidly Lose Value During An Economic Crisis
#10 When Things Hit The Fan The Government Will Not Save You
#1) Storable Food
#2) Clean Water
#3) Shelter
#4) Warm Clothing
#5) An Axe
#6) Lighters Or Matches
#7) Hiking Boots Or Comfortable Shoes
#8) A Flashlight And/Or Lantern
#9) A Radio
#10) Communication Equipment
#11) A Swiss Army Knife
#12) Personal Hygiene Items
#13) A First Aid Kit And Other Medical Supplies
#14) Extra Gasoline (But Be Very Careful How You Store It)
#15) A Sewing Kit
#16) Self-Defense Equipment
#17) A Compass
#18) A Hiking Backpack
#19) A Community
#20) A Backup Plan
*In the comments following that article, my readers suggested a number of additional items to add to that list....
1. A K-Bar Fighting Knife
2. Salt
3. Extra Batteries
4. Medicine
5. A Camp Stove
6. Propane
7. Pet Food
8. Heirloom Seeds
9. Tools
10. An LED Headlamp
11. Candles
12. Clorox
13. Calcium Hypochlorite
14. Ziplock Bags
15. Maps Of Your Area
16. inoculars
17. Sleeping Bags
18. Rifle For Hunting
19. Extra Socks
20. Gloves
21. Gold And Silver Coins For Bartering
*There are more preppers out there than you might think. Don't be afraid to reach out and make new friends.
*In a recent article, Brandon Smith shared some of the factors to consider when choosing a location for a survival retreat....
1. Property Placement
2. Community Network
3. Defensibility
4. Water Availability
5. Food Production
6. Proximity To National Forest
7. Secondary Retreat Locations
You can read the rest of that article right here.
*Almost everyone can grow a survival garden. Even if you only have an apartment, you can still grow a few things on your balcony.
*Don't underestimate the impact a major transportation disruption could have on our daily lives.
*You would be surprised what you can actually do with limited resources. For example, there is one family that is actually producing 6000 pounds of produce a year on just 1/10th of an acre right in the middle of Pasadena, California.
*Survival Mom once shared the top ten survival tips that nobody wants to talk about....
1. Duct taping your windows will not save you from radiation poisoning.
2. You may have to dig a latrine (more than one time).
3. You may not receive any government benefits or payment from your place of employment during a disaster.
4. It is possible that you may be sick or in the hospital during a disaster.
5. Your pets may not survive.
6. It is likely that your cell phone will not work.
7. No one is coming to help you.
8. Insurance doesn’t cover everything, if there is an insurance company left.
9. There will not be enough food and water for everyone.
10. If it is the end of the world, the previous nine tips will not matter!!!
*An EMP burst caused by a high altitude nuke or by a major solar event could fry most of your electronics. What are you going to do if that happens?
*Spending a million dollars on a "survival condo" in an abandoned missile silo in Kansas is probably not a very efficient use of your limited resources.
*Off Grid Survival recently posted a list of four powerful traits that most survivors have in common....
1. Survivors stay Calm in the face of Danger
2. Survivalists are Experts at Improvisation
3. Survivors are D.I.Y Experts
4. Survivors are Great Leaders
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