Prepping for an Economic Collapse and Losing Your Home

broken radiatorEvery week there seems to be a new threat to the world’s economic stability. Many of us are just waiting for the other shoe to drop. It is very obvious a major collapse is coming. Will it be this year, in 5 years or in 20? Nobody truly knows, but with the current state of the economy and the extremely unstable future, it seems like it would be a good idea to start prepping for a major collapse.

It is impossible to predict exactly what would happen, but you can expect food shortages, power outages and restrictions and martial law. You must be prepared to live without your job. For millions of people, a job loss means they will face foreclosure. If you are prepping, but yet you still have a mortgage, you need to consider the possibility that you could lose your home. Can you move all of your preps?

One of the best ways to prep for a financial collapse is to start getting out of debt now. When there is a run on the banks and businesses are forced to close their doors and people are without jobs, the inevitable chaos is just around the corner. You are not going to have the money to buy basic necessities. Load up on those now.

Now is the time to start learning how to garden and hunt. If you are fortunate to own your own land, you can live there and rebuild. You can be self-sustainable. You will want to learn how to collect water or have a well drilled on the land. Learning how to live without power is going to be another hurdle many of us will face. The government is going to be tapped and unable to provide food, medical care and financial assistance. It will be up to every person to figure out how they will survive in a new world.rioting

Spend some time thinking about what you can do to save money today so you are better prepared to handle a major collapse that leaves the majority of the country in poverty. If you have a high mortgage, the chances of you being able to stay in your home are going to be slim. You have to have a backup plan. Plan now and start thinking about what you can take with you. Hone your gardening skills and think more long term.

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