No matter what type of specific doomsday disaster you may be preparing for, a nearly identical scenario of domino effects will ultimately occur during any long-term nationwide event.
Financial collapse and hyper-inflation planning must be factored into any apocalyptic scenario you are prepping yourself and your loved ones to survive – and hopefully thrive in during the post-SHTF rebuilding stage.
The more you can prepare your family financially now, the better your chances of survival during a long-term disaster. In a post-doomsday society you will face world that is functioning on a startling and highly volatile mix of panic, general chaos, fear, and violence.
Over time, and the amount of time depending upon the type of SHTF event, surviving Americans will adjust to the new reality and begin creating a new type of society out of the rubble – both figuratively and literally.
Do not buy into the fantasy that our monetary system will survive an apocalyptic disaster of any origin.
If our government is still functioning, flawed attempts to make the dollar a viable method of currency will prompt printing presses to be working on overtime.
This will cause hyperinflation of epic proportions – realistically driving the price of a loaf of bread to $10 a bag.
The dollars in your wallet will be worth a nickel, or maybe a penny before our monetary system finally collapses.
The bank will still demand your mortgage payment, the electric and water companies will shut you off if you don’t pay, and all the while your children are begging to be fed.
The government will most definitely attempt to collect property and income taxes – and will likely increase them in an effort to remain solvent.
The food stockpiles you have invested so much money in over the years could become depleted far quicker that you anticipated.
If the SHTF event is either a financial collapse or slow burn event, it will leave our government and society functioning just long enough to burn a hole through your pocket before bill paying, mortgages, and rents have become a thing of the past.
Table of Contents
Simplify Your Finances
Begin living and spending as if a financial collapse is right around the corner, because it just might be.
I do not mean to ban Christmas and birthdays, but to live as frugally as possible, celebrating every dime saved and resource used wisely in order to beef up your bank accounts, and your commodity stockpiles.
Increase your spending and reduce both household and major debt to the furthest extent possible to increase your survival buying power.
Live debt free or as close to it as you can manage to decrease the amount of bills you’ll have to pay during a financial crisis or when hyperinflation emerges as one of the domino effects of a doomsday disaster.
Financial Fitness is Prepping 101!
Natural catastrophes have the ability to wreak havoc on their own, but it’s the silent devastation of economic downfall and financial difficulties that may dramatically alter your personal environment in a terrible way.
Following an emergency, you could have to deal with issues such as looting, price gouging, shortages of critical items and services, medical difficulties in getting adequate care, damage to your home or potentially event the total destruction of your home.
These are just a few examples and there are many more besides. The list of troubles may well go on indefinitely!
But what happens when there isn’t a natural disaster, no man-made catastrophe, no earth-shattering “kaboom”?
What if it’s all spreadsheets and account balances, the quiet desperation of knowing you cannot put food on the table this time?
That’s financial calamity staring back at you! In an economic downturn, financial collapse or implosion of fiat currency destitution and homelessness are all just a heartbeat away, and their heralds are job loss, economic stagnation, inflation and poverty.
This can all happen swiftly, far more swiftly than you think. If you are going through it, it might look far worse to repair than any natural disaster!
So, what can you do to safeguard yourself? What can you do to be ready for the this most harrowing and likely of incidents?
Financial freedom is the objective. It’s the ability to live without having to worry about making it to the next payday.
It’s the ability of to weather any storm, whether it’s a natural calamity or an economic catastrophe. And it all begins with personal financial management.
The Importance of Liquid Assets
The chief prep for dealing with financial downturn is having cash on hand for expenses, preferably several months of expenses.
Call it a nest egg, rainy day fund, emergency fund, whatever. When you have serious financial problems, nothing is as comforting as having a huge wad of cash or other resources on hand.
It’s also critical to remember that not all savings are created equal. Certain sorts of savings will be more valuable, and useable, in a financial collapse than others.
Savings in a checking account, for example, are far more liquid than those in a 401(k).
Other assets may be excellent producers, but they might be practically unreachable if you need them! If you need cash right now and it will take you days, weeks or months to get it then it might as well be on the moon.
What preppers need as part of their survival nest egg are liquid assets.
A “liquid” asset is one that you may access as cash or ready-fare in a moment’s notice, or at least with minimal hassle and maximum certainty.
So, if you’re trying to improve your financial preparedness, keep some of your money in a checking account or some other method where you have more control over it.
Understand that “liquid” is relative. Money in savings accounts at your local bank is quite liquid compared to bonds, crypto currency, stocks and similar investments, but it might be totally inaccessible, gone, in a prolonged and widespread grid-down scenario. Plan accordingly.
You may also save for a rainy day like your grandparents did and keep a supply of cash money on hand, well hidden at all times, so you can always get to it when you need it.
It’s critical that you safeguard this cache from destruction as well as physical theft. If disaster strikes and your home or property is obliterated by a flood, hurricane, earthquake or something else your cash money will be gone with it!
Not for nothing, it also loses its value over time due to inflation!
You have several factors to balance in order to become financially fit, but I am confident you can do it!
Your Fix for Economic Woes: Financial Anti-Fragility
The most essential thing you can do as a prepper in the 21st century is to make yourself less susceptible financially.
This implies diversifying your income sources while raising your income level.
In effect, making yourself and your income proof against economic downturn, job market shrinkage, and other factors that might prevent you from making money or having adequate money on hand.
Also, and I know I don’t need to tell the younger readers this, but long gone are the days of our parents and grandparents:
Gone are the days of go to school, learn a trade, get employed at a respectable firm, and then put in your two or three decades years before you get a gold watch and retire.
Professionals are finding it more difficult than ever to thrive in an industry where “here today, gone tomorrow” is the norm as outsourcing, automation, and obsolescence have made it increasingly challenging for “experts” to earn a living.
Instead of getting enraged or living in desperation or dreading being left behind at the bottom of the ladder, steer into the challenge! Make yourself into a financial re-animator, able to recover from any monetary wound or injury.
You may do so by expanding your skill set, adding active income streams for additional money every period and generating passive income streams so you get paid whether or not you are working.
We will talk about each element below.
Expand Your Skillset
Diversifying your skill set is the first step toward regaining control of your financial future.
This entails having more than one string to your bow in case you lose your main source of income, allowing you to fall back on others.
Having marketable abilities in hard times is more important than ever before. It’s time to invest in yourself if you’re unemployed or underemployed.
Take classes or learn new skills that may help you land a better job later on while the economy is doing well.
The key is to specialize modestly in several skills rather than becoming a barely skilled dabbler or “jack of all trades.”
You don’t need to be a true expert in every area; instead, focus on developing a few strong skills outside of your bread-and-butter that can be used in various ways to generate extra cash flow if necessary.
If you’re a plumber, for example, acquire some basic carpentry or electrical knowledge that is marketable; that moves you closer to a total-systems provider who is capable of moving entirely into a new field if you get pinched.
You might also bet on an evergreen capability or commerce that will survive the entire collapse of your industry sector and is still in high demand.
Skilled trades of all kinds are one of the first things people think of in this regard, and with good reason:
It is almost unthinkable that people will let things get so bad they will let the lights go out, the toilets stop working, and the goods stop flowing!
If at all possible, attempt to learn at least one lucrative skill that you can do from home or online so that you’re not reliant on finding a typical “9-to-5” job.
Add Active Revenue Streams
Working as a second job may generate extra money flow if you do it in your spare time or late at night.
Freelancing is a wonderful way to make some additional cash. You could be writing, designing, tutoring, or even pet sitting as a part of this!
The advantage of freelancing is that there’s no need to commit full-time and the work can easily be integrated into your current schedule.
Downsides to this option are that the work may be unstable or unpredictable and the pay isn’t always as high as you might like.
But, if you have an entrepreneurial spirit, you might consider starting a business. Even if it is a small one, this could be a great option for supplementing income from your day job.
The internet has made it easier than ever to get started with very little overhead. You could start an online store, offer consulting services, or even create digital products like e-books or video courses.
Add Passive Revenue Streams
This is one of the best things you can do for financial security. A passive income stream is an investment that continues to generate money even when you’re not working.
This could be from rental property, a portfolio of dividends stocks, or even royalties from writing a book or creating an app. The key is that once the initial effort is made, the money comes in without you having to do any additional work.
The great thing about passive income is that it can provide a buffer against the ups and downs of the stock market or other volatile investments. It’s also a way to gradually increase your wealth over time without having to take on extra risk.
Now, as you might be expecting, many passive revenue streams will collapse in kind when society does, but they can continue to support you before that time, even when the economy is tanking!
The hardest part of creating a passive income is getting started. It may be tempting to go out and buy a crappy rental property on your first day, but it’s not something you should do. Instead, take the time to analyze your needs against what you can afford and handle.
Be patient and don’t put yourself in a difficult financial situation. It’s better to start small and work your way up than to risk everything on a single, passive investment.
Debt Reduction Tips
Pay off your mortgage, or save enough money to buy even a small place to live instead of renting.
Even if you can only manage to pay an extra $100 a month on your house payment or save the same amount back towards a down payment on a place you will own and not rent, you are making worthy progress towards your overall goal.
Eliminate all debt that is assessed at an adjustable rate. When hyperinflation hits, you could lose your home in just two or three months if the struggling bank calls in your note to help cover their own financial losses.
Become as self-sufficient and energy efficient as possible.
Reducing or eliminating your reliance on utility companies for heat, cooling, cooking, light, washing, etc. will save money on monthly bills that can be used to pay down other debt and/or to stockpile more necessary survival gear and bartering commodities.
Spend your available money wisely – always a good rule of thumb. All of your saving and stockpiling will be pointless if you do not invest in home or survival homesteading defense fortifications.
Think of your bug-in location as a vault and guard it accordingly, with weapons, low-tech or off grid high-tech surveillance systems, and enough trained bodies to protect it.
Invest your time and money into a home-based business that uses and likely will enhance your survival skills. See the Prepper Home Business section below for more guidance.
You and your family will be far more prepared to live with and on, less, because of your pre-SHTF frugality.
The mental and emotional shock will paralyze tens of thousands of other Americans, especially teenagers and millennials, after modern society collapses.
It will not thwart your prepared family to a debilitating degree because they have already learned to live without things that will not be readily available during a doomsday disaster.
Buy What You Need or Want Without Wasting A Dime
Best Places To Shop For Preps And Everyday Items At A Discount:
- Yard sales
- Thrift stores
- Warehouse clubs
- Flea markets
- Facebook online trading posts, for sale groups, and auctions for your community
- Second hand stores
- Shop for clothing, shoes, and other essentials out of season to save. This will involve guessing on children’s sizes, but most moms do that anyway when they come across a good deal. Anything that winds up being too small can be sold at a yard sale or become a bartering item.
- Clip coupons and shot at grocery stores when they have double or triple coupon days, this usually happens on a monthly or quarterly basis. If you get good at the extreme coupon clipping, you might end up not having to fork over any money to the cashier during checkout.
What Is Money, Anyway?
When factoring financial preparedness into your survival plan, you first must accurately define what money is, and let that realization sink in for a few moments.
Money is merely a government-based form of currency that has value and exists only as long as the government system itself is fully functional – or even exists at all.
Any nationwide long-term disaster you can think of WILL lead to a devaluation of our currency, the rebirth of bartering as the mutually agreed upon alternative to the American dollar, and of course, civil unrest caused by the breakdown of our society and the rule of law.
What Will Replace Money?
Precious Metals and Gems
Gold, silver, and precious gems will be the first “new” form of currency to emerge after a SHTF disaster. We have all seen those, “Invest in gold…” commercials.
Investing in gold bars (not certificates) and jewelry will always be a wise choice, but it is not the only precious metal you should be spending your hard-earned money on.
Gold, and diamonds for that matter, are more valuable than silver.
You can buy or barter for large or in high demand items with gold – which can include a single can of food or a jug of clean water if you are desperate because you were not fully prepared or were stripped of your stockpile by either nature or man.
What you will not want to purchase or barter for with gold or precious metals are less valuable items.
Since you cannot bite a gold bar in half or expect a trader to have “change” during a barter, invest in both small amounts of gold (like necklace charms) and silver, as well.
You can buy silver bars, pure silver coins, and yes all manner of small amounts of silver jewelry to break down your buying power even more.
A fellow survivor may have exactly what you need and be more than willing to trade, but he or she may have absolutely no use for a piece of gold, silver, or an exquisite diamond and emerald ring.
What the survivor wants are useful commodities that will buy his family another day on a planet that has been thrust into chaos.
You can likely stockpile gently used versions of most of the top bartering commodities on the list below by hitting yard sales, rummage sales, flea markets, and estate auctions.
A couple of years ago I stopped at a church rummage sale just an hour before it closed, knowing most of the cool stuff would be picked over but what was left on the many tables would be sold dirt cheap.
I got a “fill a bag for .25” deal. In the past when I have stockpiled preps in the same manner I often scored a stuff a bag for $1 deal and was thrilled, but a quarter a bag was the biggest cheap prep shopping trip ever!
I spend a grand total of $25 and walked away with 15 coats, multiple sets of shoes and boots, sweatshirts, and blankets.
I did not walk away with the most stylish of garments, but all were in really good repair and in a vast array of sizes that will fit the members of our tribe, including the always growing children, and still leave me with ample to barter when necessary.
Commodities that are incredibly affordable to buy and stockpile now will be in high demand on a daily basis after the SHTF.
Use your survival skills and hobbies to launch a doomsday disaster career that will be in high demand. Make a pros and cons list of all the skills you and the members of your family or tribe (my favorite word for mutual assistance group) possess.
Discuss each item on the list and then determine how they could be useful during and after the SHTF. Review the list again to figure out what vital bartering services are missing that you or others could learn now to enhance your bartering efforts later.
You can likely turn many of these skills into a part-time income or a home-based business right now. More on that in the next section of this financial guide.
Top Commodities For Barter
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• First Aid
• Solar Lights
• Handheld Radios
• Canning Supplies
• Fire Starters
• Hand Tools
• Livestock Feed
• Personal Hygiene
• Fishing Gear
• Comfort Items
• and more
Top 25 Survival Skills to Barter With
4. Alternative Energy and Biodiesel Fuel Produce and Repair Technician
5. Livestock Breeding
7. Worm Farming
14. Food Preservation – dehydrating, canning, and smoking
15. Firewood – gathering, cutting, splitting, and hauling
19. Wild foraging
20. Hide tanner and leatherworker
22. Construction worker
Once the rebuilding phase starts after the apocalypse, it will not be the man or woman who HAD the most money in the bank or the most largest corner office who is wealthy, but the individuals with skills that are in demand.
It will be the farmer, the rancher, the medical professional, the mechanic, the farrier, and the gardener who will be treated like royalty and not the celebrities and lawyers and tech gurus of the world.
Do you and your tribe have enough skills and commodities to start a trading post when it becomes safe enough to do so?
Now that, my prepping friends, is one sure route to riches in a post-doomsday world. Such an endeavor will require skills, goods, and a robust amount of security to keep it all safe.
Survival-Based Home Businesses
The family’s self-reliance plan should include not only hands-on cross training to help increase their chances of survival, but also to use their emerging and mastered skill sets as a pre-SHTF money maker.
Sadly, a significant number of preppers think they cannot live on their survival homesteading retreat, or are chained to small towns and the suburbs so they can earn a paycheck.
Working online from home and/or starting a home-based business opens up a plethora of money-making opportunities which should allow most frugal preppers to live where they have the best chances of survival.
The items on the list of prepper home businesses was created with individuals who had at least a backyard and unrestrictive government control over their lives via permits, zoning laws, or homeowner association dictates.
Some of the prepper-based businesses could work in any environment. Never let where you live deter your from learning new survival skills, honing existing ones, or trying to use your knowledge to turn a buck.
Selling locally from a home-based shop, online, and at flea markets and community events will give you multiple potential money streams while promoting awareness about your business. ETSY is one of, if not the best, places to sell handmade, repurposed, and vintage items online.
You can also sell supplies and materials on the website, like old barn wood, rusty tin from a barn roof, and bargain fabrics and thread you buy and resell via an online storefront you create on the website.
Top 10 Survival Home-Based Business Opportunities
1. Blacksmith – Bladesmith – You can make beautiful knives, indoor and outdoor decorations to sell, decorative and functional hardware fittings, and so much more to earn extra money that could potentially become your sole source of income.
2. Farrier – Learning how to shoe horses and trim the hooves of both medium and large livestock can earn hundreds of extra dollars, at least, in many rural areas right now.
After the SHTF happens and horses once again become a primary mode of transportation, the demand for farrier services will be even higher. Buy a van or enclosed work truck and make it your office on wheels so you can travel to the customer – a service that is not always offered in many areas.
3. Leathercraft – Invest only a couple hundred dollars into leatherworking tools and supplies and launch a repair and handmade goods business. If you own livestock and tan your own hides, that will drastically keep down your materials costs.
Not every community is lucky enough to include an Amish population like ours, making the chances of going to a leathercrafters for repairs and beautiful homemade gifts very slim. Leathercrafters can make or repair many useful and decorative goods, such as: wallets, purses, holsters, knife sheaths, saddles, saddle bags, bridles, reins, boots, shoes, and rifle scabbards.
4. Potter – Turn an enclosed porch on your home or a section of the garage into your pottery studio. You can make not only decorative items to sell now, but useful daily cookware, bakeware, and water storage containers for survival use.
5. Beekeeper – Raise bees not only to pollinate your own garden crops and fruit grove, but to rent out to other growers, to sell raw honey, and to sell beeswax, aslo.
6. Seamstress – Sewing is quickly becoming a lost art just like canning. Seamstress shops have disappeared from our American landscape just like print newspapers. You only need to dedicate a small space in your home to open a repair and tailoring service to make adorable baby and child outfits, quilts, to engage in custom machine embroidery, etc.
Upcycling old fabric into something new is a great selling niche to consider. Not so long ago I used two vintage handkerchiefs and a bit of scrap lace to make a toddler dress. It was such a hit I bought hankies 2 for a $1 at a local discount store and make more of the dresses for sale – each sold for $25 each.
I often use tablecloths, bed linens, and curtains from yard sales and clearance racks as fabric for patterns, saving me a bundle on supplies.
Craftsy is a superb website to visit for hundreds of free patterns. I have sewn a few thousand different creations and have only once paid any money for the pattern I used.
7. Toy Making – This is a great prepper home-based business the whole family can enjoy doing together. Making simple toys from natural wood and fabrics are still in high demand, even in our cheap plastic toys from China world.
Making little dolls from pipe cleaners, simply painted faces on wood beads for heads, embroidery floss, and a little bit of felt for clothing typically sell for $12 to $25 on ETSY.
Little wood cars that wood peg people blanks you can buy cheaply and sell after painting them with simple faces and clothing, are also great money makers that require darn little artistic skill.
Learn how to make Waldorf style dolls and make your way into the high-end homemade toy market where the delightful dolls frequently sell for at minimum of $100 each.
8. Carpentry – Use your handyman or handywoman skills to open up a home based shopped selling furniture, cabinets, tables, etc. You can also advertise your services for small repair jobs in your community.
9. Rope Maker – You might not be able to garner enough money making rope to quit your day job, but you can bring extra money into the family making and selling handmade quality rope and weaving paracord bracelets and accessories.
Like with most of the jobs on this list, consider creating instructional videos that can be posted online to generate ad revenue and hosting workshops to train others who also want to learn a valuable skill.
10. Gunsmith – Knowing how to repair and build guns, as well as how to reload your own ammunition gives you the potential for a highly lucrative home-based business. There are some drawbacks with this prepper work-from-home job, though.
Once the SHTF, everyone will know you have a stockpile of guns, gun parts, and ammo and you might not want to risk that information becoming public or helping to keep others well-armed during and after a SHTF disaster.
11. Weaver – Got sheep? Learn how to weave and make the most of the wool you have sheared. A growing online demand for natural fabric by fabric artisans should make this home-based job worth the effort and money to get it up and running.
You could combine a weaving business with a sheep breeding business to increase the frugal prepping family’s finances even further.
12. Basket Weaver – Make baskets to sell now that are both useful and beautiful while spending off time between orders making an array of functional baskets, including flat-backed type that can be hung from a horse, ATV, or motorcycle.
13. Cooper – Open a cooperage and turn the wood cut from your property into handmade buckets, barrels, etc. Those items can fetch a high price for decorative purposes now will be essential for food storage and water toting during a long-term disaster.
14. Wood Cutter – Hire out your services as a tree cutter, wood splitter, sawmill planer, and firewood hauler. A home portable sawmill, a small one, roughly costs about $5,000 to $7,000.
15. Greenhouse – Start a small or large scale greenhouse and grow heirloom seeds, medicinal plants, and dwarf non-native fruit trees. All of these items are great sellers both at farmer’s markets and online.
16. Livestock Breeding – Help your herds, flocks, colonies, and sounders learn how to pay for their keep by breeding them and selling the offspring – and eggs. Find a niche to fill a void in your region to increase the potential for profit as much as possible.
Every farmer, homesteader, and prepper I know wants guineas on their land but have to order them from a far away hatchery – which only ships a couple of times a year, or get super lucky and buy a few at Rural King during their once a year sale.
Guineas protect your chickens and ducks from predators and alerts you to predators lurking around the barnyard eager to dine on your larger livestock. Due to their watchdog nature, guineas tend to disappear frequently when they sacrifice themselves to save their charges.
17. Livestock Guardian and Herd Dog Breeder/Trainer – Breeding and training dogs of this type if you live in an agriculture community could prove a steady extra income stream that when combined with boarding and grooming services, could allow a prepper to work from home all the time.
18. Herbalist – There is no special certificate to work as an herbalist, but the advertising of such services and allowable activities varies by state.
In most states, you can make and sell your own natural homemade salves, tinctures, supplements if you follow specific state guidelines when proclaiming what the item will do for the consumer.
19. Baker – Learn how to be an expert bread, roll, pie, etc baker to sell your delicious homemade good and to teach others how to make healthy bread from scratch. To sell commercially, you will likely need to have a kitchen inspection from your county health department.
20. Survival Instructor – Become the hero of other preppers in your region and probably some weekend warriors too, by offering on-site training, primitive camping, tree identification, forager, hunting lease weekends, fishing your stocked pond, and by teaching a series of other small-scale but essential outdoor skills to both children and adults.
Create your own gun range and become a certified gun trainer and offer concealed carry permit classes, etc.
Fix Your Finances Today!
Becoming a frugal prepper and developing a home-based business that will allow you to quit your day job and even more onto your survival homesteading retreat are tasks that are typically accomplished in stages.
Set some spending, saving, and extra money earning goals and diligently work toward them on a daily basis.
Once you start seeing the results of your labor and sacrifices, set new goals to achieve while resting assured that the family’s overall chances of survival increase with every goal reached.
Tara Dodrill is a homesteading and survival journalist and author. She lives on a small ranch with her family in Appalachia. She has been both a host and frequent guest on preparedness radio shows. In addition to the publication of her first book, ‘Power Grid Down: How to Prepare, Survive, and Thrive after the Lights go Out’, Dodrill also travels to offer prepping tips and hands-on training and survival camps and expos.