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How to prepare for an economic collapse in 2014
If you haven’t had the chance to see an economic collapse, don’t worry – we are in the middle of a global one right now. If you don’t believe me, just read some financial articles on this site, gleaned from other sources.
Europe, Asia, the Americas – all large population areas that have at least one country in the middle of a monetary meltdown.
From riots in Argentina to the Ukraine, excessive spending in China and the United States, sound fiscal policy has gone the way of the dodo and the people are paying the price.
The year 2014 will go down as a year of epic fiscal failure. But you don’t have to fail. Let’s break this down into simple key words:
Preparing
Preparing for an economic collapse is very much like preparing for a disaster. It starts with a plan, and then that plan is executed at the right time.
A sample plan will be as follows:
|
Wages due |
Bank bal |
Days worth of food |
Cash on hand |
supplies still needed |
| Job 1 $500 | $250 | 18 | $75 | food – pasta and sauce |
| Job 2 $400 | toilet paper (18 rolls) | |||
| gas for car |
Now that you have your pieces, placing them in the right place is paramount.
Assuming that a collapse will take place in 6 months, find ways to use any money you have left over to get the things that you still need. The one problem about plans – they change at a moment’s notice, and usually without notice.
Can you get the toilet paper with this next check? If not, how about the pasta and sauce? Can you get both items?
Prepping for an economic collapse or disaster means you will have to do without something (like a dinner out) today, in order to have something tomorrow (meals, etc). It is the highest form of delayed gratification there is. You may not have six months of food now, or ever. But what you have can be built upon to help you get through the toughest part – the first 30 days.
