How to make money in a crashing economy
With a financial collapse looming on the horizon, we all need to be preparing. In many ways and for many people, an economic collapse looks just like life as normal. Rather, during a financial collapse, it is the economy which gets affected; specifically high unemployment and high inflation. So, the bulk of our preparation needs to be financial as well.
The real key to making it through a financial collapse successfully is to increase your income, especially in areas which will be needed during the collapse. Having multiple sources of income provides much more security than just one source if income, especially if those sources of income meet the needs that people have during the collapse. That might mean starting up a business that is specifically aimed towards a financial collapse.
However, it could also mean starting a business that transcends the collapse, but meets a need that is strong during the collapse. One of the things that makes businesses go belly up in a time of financial crisis is the inability to pay the bills. Rent, electricity and other normal business expenses can drive anyone out of business, especially during a time of hyperinflation. Ideally, you want those expenses as small as possible, so that you can capitalize on your profits, while keeping prices as low as reasonably possible for your clients.
In order to do this, you might just have to run your business out of your home. This is common throughout the world and actually existed here in the United States in times past. A small booth or stall in front of your home may be enough to run your business out of, lowering your overhead costs.
Home - Money Tips for Students
Top 6 Money Wasters In Your Home. One More Coffin Nail in the Economy. Top 4 Things To Do Prior To The Dollar Collapsing.
How To Use A Dutch Oven. Hi everyone, I wanted to comment on several of these "business" suggestions.
When the upcoming financial crisis hits, there is going to also be a plague that will hit as well. Money will be worthless, and almost everyone has nothing of value to trade.
Ammo, gas, matches, lighters, long-term food, MRE's, sterno, water filters, etc. If you want to deal in these things for a profit, you are going to need to figure out what you want for them. Money will be of no value, a new credit system will be put in place, and body electronics see MC10 wearable electronics will come into play. Silver and Gold may be good, but most won't have it. You can't open up a retail type store, for security you will have to take a small quantity to a location that people are aware of and do your trading.
You will likely need to be armed and have 1, preferably two armed sentries with you as well. The value gained through this enterprise may not be worth the security risk.
Even helping someone can be a problem. If you help them once, be prepared to help them forever, because when you stop, they will go find others, tell them about your supplies and then you will have a bigger problem on your hands.
I have read and studied prepared for this for years. This will be a global collapse and on that scale NO ONE knows or can fully predict what is going to happen. For sure, millions around the world will die of starvation, that will cause another world wide plague. Doxycycline, the treatment for the plague and many other infections, in the form of fish antibiotics are cheap and easy to get now, stock up, helped loved ones and yourself.
Essentially Revelation chapter 6 is at our door. Read, heed, watch and pray. This is spot on.
Also Matthew 24, we're seeing pieces of that already. I agree with the statement that this mode of operation making a profit helping others to survive will be a serious security risk for an individual or even a family.
I discerned that just from skimming through and reading the major bullet points. It's not hard to see that we are headed toward some type of world wide crises; everywhere you look now, there is escalating conflict or full blown civil war, and repeated attacks on innocents.
Simply put, the best thing one can do is hit the proverbial "Oregon Trail" - move towards safer locations discreetly and try to trade with the locals. Glennn is also right to point out the use of caution when providing help large scale for profit. It's like a pastor dismissing the poor of his flock and inviting in only the rich, so that he can reap larger benefits.
What will he do if the poor rise up against him? You'll have less of a problem just sticking close with your loved ones; those who absolutely need help, help if you can. Discernment should overcome compassion in this case. Even so, you never know - there may be a guardian angel in your path posing as someone in need that can help you somehow in return for your kindness.
Stock crashes are money-making opportunities - MarketWatch
That's if you believe in that sort of thing. Even if you are not a believer, you may be faced with such a situation and it will shake your mental frame. If you are mean-spirited, you'll miss an opportunity to be helped or saved out of a dire situation by someone you could have helped.
Overall, this is going to be about sticking with family, and knowing where to go.
This is going to be about relying on the power of the Almighty that will lead us through trouble and into safety, and not on our own pride and stubbornness that will lead us into danger. O LORD, be gracious unto us; we have waited for thee: At the noise of the tumult the people fled; at the lifting up of thyself the nations were scattered. And your spoil shall be gathered like the gathering of the caterpiller: The LORD is exalted; for he dwelleth on high: And wisdom and knowledge shall be the stability of thy times, and strength of salvation: Another idea in a financial collapse is to have money.
It doesn't have to be gold or silver. If they currency is replaced with another, it more than likely won't affect the coins. Coinage is good but food, cigarettes and booze are better barter items. Make Money During Crisis […]. Yes, people make money on the stock market. Some make fortunes there. But the only people who truly make money on stocks are those who can make it a full-time job.
All comments, messages, ideas, remarks, or other information that you send to us other than information protected according to the law become and remain our property. You are fully responsible for your comment, as depicted in Terms and Conditions and Privacy Policy of the website. Notify me of follow-up comments by email. Notify me of new posts by email. Home Food Water Energy Defense Health DIY Survival Blogroll Contact Us. Bill White May 8, About the Author Latest Posts.
About Bill White Bill White is the author of Conquering the Coming Collapse, and a former Army officer, manufacturing engineer and business manager. More recently, he left the business world to work as a cross-cultural missionary on the Mexico border.
Bill has been a survivalist since the s, when the nation was in the latter days of the Cold War.
He had determined to head into the Colorado Rockies, should Washington ever decide to push the button. He now works to educate others on the risks that exist in our society and how to prepare to meet them.
You can send Bill a message at editor [at] survivopedia. How To Start A Repair Business - June 12, Bye-bye Climate Change - June 7, In Memory Of… - May 30, Are We Headed For A Financial Collapse? How Far Can You Really Go?
You may also like Comments duggy dugg says: May 8, at 4: May 9, at May 10, at May 9, at 3: July 30, at Trackbacks Business for Survival: Make Money During Crisis TheSurvivalPlaceBlog says: May 9, at 5: Investing in Troubled Times Survival skills, survival guns, survival guide says: August 16, at 7: Investing In Troubled Timesdisasterdefense. August 16, at Investing In Troubled Times says: August 18, at 2: Why Starting A Flea Market Can Help You Survive Crisis NewZSentinel says: May 22, at 8: Secrets You Don't Know About Making Money Off-Grid - Survivor's Fortress says: July 2, at 3: Speak Your Mind Cancel reply All comments, messages, ideas, remarks, or other information that you send to us other than information protected according to the law become and remain our property.
The 3 Pioneer Survival Lessons We Should Learn The Most Effective Home Defense Strategies Old School Hacks for Off-Grid Living The Medical Emergency Crash Course Survivor's Guide to Building the Ultimate Retreat The Smart, Easy Way to Food Independence How to Survive the Coming Years Long Drought. MOST WANTED The Top 6 Survival Rifles And Why You Need One DIY Projects: Recent Comments Phill on How To Heat Your Home Without Electricity keebler on How To Dig Your Underground Shelter Help Your Cow Or Goat Give More Milk!
Survivopedia on Winter Survival: Return to top of page.