Skills You Need to Survive Economic Collapse

With the way that banks and the global stock markets have been behaving, many people fear that what will eventually take us down is an economic collapse. Governments are living WAY above their means and countries are printing money irresponsibly. It seems almost inevitable.

In the case of such an event, the world as we know it will change drastically for all but the most wealthy and politically connected. Their lives will change, too, but perhaps not as much as the average Joe’s will. Money will most likely lose value and other, more functional skills and wares will come into play.

Do you have the skills you need to survive an economic collapse?

Many people believe that governments will collapse along with the economy but, according to history (the Great Depression for example), that isn’t necessarily the case.

As a matter of fact, the government may swoop down and be even more oppressive.

Havoc will ensue regardless of politics, so it’s best to be prepared to live a life that isn’t based upon the value of a dollar.

A common belief is that we will resort back to pre-technology days, but we’re not entirely sure that’s the case. Now if you’re talking about other SHTF scenarios such as a plague, a super-volcano, or some other global or cosmic tragedy, THEN you need to worry about complete social collapse. The pending economic collapse may call for a bit different approach than those scenarios.

Here are a few things that you need to do and skills you need to survive an economic collapse.

Have an Emergency Stash

When the economy crashes, mass job loss is going to ensue. Considering that many people live paycheck to paycheck, foreclosures and repossessions are going to skyrocket because people simply won’t have the cash to pay mortgages or car payments. Squirrelling a bit of money away each paycheck may seem difficult now, but it’s not nearly as bad as losing your home and transportation because you didn’t tighten your belt and do it when you had the chance.

Try to have enough cash to cover at least three months of your expenses, at the bare minimum. It’s better to have at least six months or a year’s worth of money stored. Do your best to eliminate all debt as quickly as possible so that your expenses are minimal in case of job loss. Also, don’t leave it all in one bank because access may be restricted following an economic crash.

Have a nice fat cash stash at home hidden in a safe place and have several bank accounts (if you use banks) scattered about so that if money is restricted or confiscated, you don’t have all of yours in one place.

Be Prepared to Defend Your Castle

When people go broke and begin to starve, they’ll do whatever they need to do to survive. That includes breaking into your place and stealing your stockpile even if they have to hurt you to do so.

Have a secure home with powerful locks, plenty of artillery to back it up, and the skills to use that artillery. It’s a sad but true fact that you may be forced to defend your right to live with force.

Learn a Secondary, Useful Trade

Near the top of the skills that you need to survive and economic collapse should be some kind of trade that is going to be necessary and that you can use to help people willing to trade. Such skills include:


  • Engine repair
  • Gun repair, bullet reloading and firearms training
  • Welding
  • Doctor, midwife, veterinarian or paramedic
  • Construction, any category
  • Bee Keeping
  • Self-Defense Trainer
  • Horticulture and Agriculture
  • Sewing
  • Making soap and other hygiene items
  • Water filtration
  • Appliance repair
  • Architect

Have a Complete Stockpile

In the event that you should lose your job, it’s imperative that you have a more-than-adequate stockpile. Add extra hygiene and medical items as well as entertainment such as board games because these make excellent bartering material.

Don’t forget to include plenty of water or a way to filter water, and vitamins. It’s a good idea to keep your prepping mostly to yourself if you’re on the independent plan; otherwise, you’re going to have a ton of “friends” when things go bad.

Know How to Manage With Little Money

You’re likely going to need to be a penny pincher, at least in the beginning. Learning to do such things as couponing and combining trips to town will help you save money, as will developing the will power to walk away from luxury purchases.

Negotiating and Bartering Skills

Without a doubt, many people are going to have to trade for things that they need. The value of a bottle of shampoo now may not be much but if you’re trading with somebody who hasn’t had any in a month, it’s going to be pretty darned valuable.

Know what you have and know how to barter to get the best deal that makes everybody happy. Ripping people off is wrong, but so is giving away your barter!

Standard Prepping Skills

It’s always a good idea to know how to grow and store your own food, make your own clothing and hygiene items, and take care of medical issues. These are still great skills you should have to survive an economic crash. Even if it resolves fairly quickly, you’ll have saved the money and stress that you would have wasted on finding food, etc. Always be prepared and you’ll never be caught unprepared!

An economic collapse may call for different skills and preparation than other SHTF scenarios but the skills that you need to survive an economic collapse don’t vary that much from any other situation. Just be as ready as possible prior to the event and you’re already a mile ahead of the rest!

Written by

Theresa Crouse is a full-time writer currently living in central Florida. She was born and raised in the hills of West Virginia, where she learned to farm, hunt, fish, and live off the land from an early age. She prefers to live off the grid as much as possible and does her best to follow the “leave nothing behind but footprints” philosophy. For fun, she enjoys shooting, kayaking, tinkering on her car and motorcycle, and just about anything else that involves water, going fast, or the outdoors.

Latest comments
  • There are so many ways to prepare for when the SHTF a set of encyclopedias could be written on the subject; and there are many books and sites that cover the subject. We have been going to garage sales for years getting really good deals on things that are going to come in very handy when the hammer falls. One of the best deals we ever got was a large order of SamAndy freeze dried foods for chump change. I have collected a ton of tools, camping gear, hunting stuff, generators, and items that will someday be great trading items. Of course you must have a means of storing all this stuff; we purchased a 40′ shipping container which holds tons of gear. However you won’t be allowed to put one of these containers in your backyard if you live in a subdivision or a crowded neighborhood. That is a great reason to consider moving to a rural area which will give you so many benefits to your survival. People are friendlier, more space to grow gardens (Oh by-the-way collect a big stock of seeds), better hunting opportunities, more elbow space to isolate you from the crazies, less government interference and regulations, etc. I’m not a big proponent of collecting precious metals because when people get hungry the digestion rate of that stuff is horrible; not to mention the weight gain. The main thing is, while the times are good, just start GETTING READY!!!

  • How long does shampoo, soap, dishwashing liquid, detergent for clothes and other items such as these last before requiring rotation?

  • Will dollars be worth anything though. What is an alternative besides gold and silver which is too pricey for me. Is there an underground or state based currency available for Texas.

  • What is a dollar ?
    answer : a dollar is a certificate of value.. right now , a dollar will buy 6 minutes of a worker’s time / effort..right now ,
    a dollar will buy a small coffee in a low end deli ..ten of these dollars will buy a meal in a modest diner…

    who says the dollar is worth these things…
    answer people ; people’s opinion..a varible

    what happens if people , including vendors in other countries , no longer agree that the dollar is as valuable as it was before ?
    answer : it will take more dollars to buy that which one dollar would buy earlier..

    what happens if the dollar loses most of its current value?
    answer : economy comes unglued ; your savings become nearly worthless ..stock market crashes
    your 401 (k) dives ; goods and services collapse … think fukushima on a global scale ; no police ; fire ;
    electric ; water ; food ; fuel ; comm ; sanit ; med ; trans ; goods ; services

    what could trigger the collapse of the dollar ; stock market ; economy etc ?
    answer debt.. gvt is allowed to borrow against future taxes.. a monster crime

    gvt should govern , not indebt ..gvt indebts the public …gvt bonds are promises to pay back the loan
    plus interest out of future tax payments…not future earnings ..gvt does not earn money …bond repayment
    and interest payments come from future payments by current taxpayers as well as people
    who have not yet even entered the workforce…this is gvt spending dollars now over which the
    people who will be paying the tax bux have no say vote… this is making future tax payments pay for todays gvt spending ;
    taxation without representation… gvts are robbing future tax revenue to pay for current expenses both good and bad….

    people are left with debt and no asset…buy a house on credit , and you get the house …buy a car on time and you get the car..
    borrow to finance an inventory ; a factory ; a fleet of trucks …you get the inventory ; factory ; fleet

    gvt borrows money [ by sellng bonds ] you get spit ..all you get is debt …sure , the bux gvt spends buy our army ; education ;
    roads..bridges..tunnels ; ss payments ; food stamps etc…
    but , we would have all these same benefits if gvt printed the dollars inside of government instead of buying bux on the open market
    on our credit with T bonds..

    gvt sells T bonds to the ngo fedd ; china ; boe ; boa ; funds ; individuals ….for bux…that gvt could just as easily print with no debt ! ! ! !
    if gvt printed the bux THERE WOULD BE NO DEBT !! ! ! our debt is over 17 trillion and screeching toward 18 trillion …this is appallingly
    bad stewadship of our country [ ditto around the world ] this can’t go on ; you can’ t keep refinancing the house …
    soon lew will have to default … he won’ t be able to pay off maturing bonds nor pay interest on bonds that have not yet become due to be
    paid back in the amount of their face value [ borrowed amount ]

    no person or corporation [ the usa is a corporation , holder is the corporate counsel ] no person or corporation can borrow forever …the debt comes due ..
    if one can’t pay it , bankruptcy …chaos until the people devise a new system of value [ money ] why are we letting a private bank , the ngo fedd , print and sell
    the money ???????????????????????????? geez louise , people , a predatory cancer is eating our lunch …literally ..the fedd is no more federal than fedex..
    demand the gvt return to printing our money like andrew jackson did from 1836 onward untill wilson was bribed into signing the third faux central bank in 1913

    demand gvt print UNITED STATES NOTES not buy federal reserve notes from a criminal syndicate aka the fedd , pretending to you that it is a gvt agency! ! !
    demand meaningful change ; end the fed as courageous rep ron paul wrote in his book … support ellen brown who wrote ” the public bank solution” [ the fedd is
    a private bank ! ! ! ! ]