If you think it is tough to make ends meet in today’s economy, wait until the bottom has fallen out of everything! If you don’t have some financial strategies in place to work with, you may end up without what you need.
Since you really don’t know how it is all going to play out, have several of these financial strategies in place so that you can use one if the other isn’t a good fit for a given scenario. These are some financial strategies that may work for you during the difficult times:
Is it Theft?
It was mentioned in a previous chapter that challenging times call for creative responses. Is it really theft if you break into a store to get food or to get medicine? All of those rules are out the window when it comes to the ultimate quest of survival. You need to take what you need before someone else comes along and gets it.
The speed with which such items will disappear depends on the type of scenario that has occurred. For example, with a natural disaster there could be destruction that ruins much of it or the building collapse and it isn’t safe to go into them. If there are many people that survive then those items are going to disappear quickly so you need to get to them as soon as you can.
In the event of anarchy or a government control issue, many of those points where you can get supplies will be monitored and guarded. They will do all they can to keep people from getting to them as they know you can’t survive without such items, unless you have prepared well.
Taking a vehicle you need in order to get from your home to a safe place during a disaster shouldn’t be classified as theft. Again, you do what you must in order to get through the ordeal. With that in mind, you can use anything you can think of as a means of financial opportunity. As long as you and the other party agree to it, then there is nothing standing in the way.
You need to have a good amount of cash stored away that can be used in the event of a catastrophe. Remember, the technology we know may be gone so that means going to the bank to make a withdrawal, driving up to the ATM, or relying on credit/debit cards is out the window.
It is best to have many denominations and not to keep all of your cash in one place. If you need to buy a tire for example from a shop, they may tell you it is $60 but if all you have is $100 then they may tell you they don’t have change and you have lost out on that cash. Be ready for anything when the world has changed so drastically!
If it takes a very long time for society to be restored after the event has occurred, then cash isn’t going to really make too much of a difference overall. People will be more interested in supplies and shelter than money because they aren’t going to be able to do much with that cash as the trickle down occurs. Initially though, money can help you get through the first few days or weeks of an emergency situation.
Metals & Gems
If you have valuables such as bars of gold, silver coins, or precious gems, you may be able to trade them to get what you really need. Someone may be interested in them in exchange for extra firewood they have. In reality, you are getting something far more valuable because it will help you to survive.
Having such items that you can use as payment really does help you to get what you need. Even in times when the world may be coming to an end, people do like to have pretty things!
If you have extra items of food that you don’t need, you can exchange them for items you do need. Perhaps you are out of water purification pills but you still have lots of water. You can exchange some of that water or some of your food supply to someone that does have those water purification pills on hand. It is a winning outcome for both of you.
During stressful times, alcohol may become a prime item that people are looking for. They may be willing to trade you food or even clothing in order to get a few bottles of very good vodka that you have with you. Medical supplies can be in high demand too. If you have extra items that you can spare they may be willing to provide you with other resources you are short on or completely lacking.
Be careful when it comes to offering weapons though that someone may need. You may find yourself in a position later on where you wish you had that gun or that knife with you. The same is very true about offering ammo or arrows in exchange for items because such weaponry supplies are going to be so hard to get your hands on.
Along the same lines is the idea of bartering. This is how many people did business back in the days before there was paper money. It involves agreeing to exchange one item that you have for something that another person has. Make sure you get the best possible deal before you come to a final agreement.
It never hurts to try to get them to toss in something extra or to reduce what you give them in exchange for what you want or need. Start out with both of you stating what you have and what you want or need then you can make negotiations from there.
If you aren’t around many people though bartering may be more difficult. With these challenges ahead of you, take what you can if businesses or homes aren’t attended. Only barter if you really need something that another person has. Try not to give up anything of value that you really need now or in the future either.