7 Keys to Surviving An Economic Depression

7 Important Survival Skills for Surviving An Economic Depression

Skills for Surviving Depression can be important for a number of reasons. In the event of an economic downturn, these skills can help you to become more self-sufficient and to make the most of your resources.

They can also help you to find new ways to meet your needs and to cope with the challenges. It is not impossible to learn Skills for Surviving Depression.

Skills for Surviving An Economic Depression

It is important to be prepared for depression because it can help you to weather financial and economic challenges and to have a sense of control over your circumstances. Economic Depression can be a difficult and uncertain time, and being prepared can help you to feel more confident and secure.

There are a number of skills that may be useful for surviving depression.

1. Basic survival skills

Basic Survival Skills

Knowing how to find shelter, start a fire, and find and purify water can be essential in a survival situation. These are important Skills for Surviving Depression.

The best scenario is to have home ownership (not a mortgage, which means the bank pretty much owns your home), enough land for self-sustainability, and the skills to utilize that land.

Basic survival skills are essential for anyone who spends time in the wilderness or may encounter emergency situations. These skills can help you stay safe, find food and water, provide shelter, and signal for help.

15 Basic Survival Skills To Learn Now

Here are some fundamental survival skills to know:

  • Shelter Building:
    • Learn how to construct temporary shelters from natural materials, such as branches, leaves, or snow, to protect yourself from the elements.
  • Fire Starting:
    • Master various fire-starting techniques, such as using a fire starter, matches, a lighter, or flint and steel.
    • Understand fire safety principles to prevent accidents.
  • Water Procurement:
    • Know how to find, purify, and store water from natural sources like streams, rivers, and rain.
    • Familiarize yourself with water purification methods, such as boiling, chemical treatment, and filtration.
  • Navigation:
    • Develop basic navigation skills using a map and compass or GPS device.
    • Learn how to navigate without these tools by using natural clues like the sun, stars, and landmarks.
  • Signaling for Help:
    • Carry signaling tools such as whistles, signal mirrors, and brightly colored objects to alert rescuers to your presence.
    • Know how to create signal fires or use Morse code signals if necessary.
  • Wilderness Food Gathering:
    • Learn basic first aid skills to treat injuries and illnesses in the wilderness.
    • Carry a basic first aid kit and know how to use its contents effectively.
  • Tool Use and Repair:
    • Familiarize yourself with the use and maintenance of essential tools like knives, multi-tools, and axes.
    • Learn basic field repair skills for equipment and clothing.
  • Knot Tying:
    • Master several essential knots for various purposes, such as securing a tarp, building shelter, or setting up traps.
  • Foraging and Plant Identification:
    • Learn to identify edible and medicinal plants in your area.
    • Understand the principles of sustainable foraging to minimize your impact on the environment.
  • Weather Observation:
    • Observe and interpret weather signs to help you plan and adapt to changing conditions.
    • Protect yourself from extreme weather by seeking shelter or changing your clothing as needed.
  • Animal Behavior:
    • Understand the behavior of local wildlife to avoid dangerous encounters.
    • Know how to deter or defend against potential threats.
  • Psychological Preparedness:
    • Develop a strong mental attitude, including resilience, adaptability, and the ability to remain calm and make rational decisions under stress.
  • Basic Camping and Outdoor Skills:
    • Be proficient in setting up and breaking down camp, cooking over a fire, and maintaining hygiene in the field.
    • Practice Leave No Trace principles to minimize your impact on the environment.
  • Emergency Communication:
    • Carry communication devices such as a cellphone, satellite phone, or two-way radio when possible.
    • Know how to signal for help using international distress signals.
  • Self-Defense:
    • Familiarize yourself with self-defense techniques or tools like pepper spray in case of human or animal threats.

Remember that survival skills require practice and hands-on experience to become proficient. It’s also crucial to inform someone about your plans and expected return time when venturing into remote areas, and carry essential gear and supplies to increase your chances of survival in emergency situations.

2. Gardening Off Grid

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Growing your own food can help you become more self-sufficient and reduce your reliance on the outside world. If we’re going to survive something long-term, we have to learn those skills and learn to take care of ourselves.

Growing your own food are great Skills for surviving an economic depression. It can be a helpful way to become more self-sufficient and make the most of your resources during a depression.

Overall, there are many options for growing your own food during an economic depression.

By starting a garden and incorporating these foods into your diet, you will be more healthy which will increase your chances of survival in a grid down or economic collapse where hosptials will be less accessible to most people.

Also, you can learn How to store food longer with Dry Canning.

13 Essential Skills To Know For Off-Grid Gardening

Here are some essential things to learn for successful off-grid gardening:

  • Soil Preparation and Maintenance:
    • Understand your soil type and its composition (e.g., clay, loam, sandy soil).
    • Learn how to improve soil fertility through composting, mulching, and organic matter incorporation.
    • Practice crop rotation to prevent soil depletion and disease buildup.
  • Plant Selection:
    • Choose plants that are well-suited to your climate and growing season.
    • Learn about the specific needs of different vegetables, fruits, and herbs, including optimal planting times and spacing.
  • Seed Starting and Propagation:
    • Master seed starting techniques indoors or in a greenhouse to extend the growing season.
    • Learn how to save seeds from your own crops for future planting.
  • Water Management:
    • Understand the water needs of your plants and how to efficiently water them.
    • Develop rainwater harvesting systems and water storage solutions to ensure a consistent water supply.
  • Composting:
    • Create and manage compost piles to produce nutrient-rich compost for your garden.
    • Use compost to improve soil quality and promote plant growth.
  • Pest and Disease Management:
    • Identify common garden pests and diseases in your area.
    • Learn organic and natural methods for pest control, such as companion planting and beneficial insects.
  • Weed Control:
    • Implement strategies for controlling weeds, including mulching, hand weeding, and cover cropping.
  • Garden Layout and Design:
    • Plan your garden layout to maximize space and sunlight.
    • Consider raised beds, vertical gardening, and interplanting to make the most of your garden space.
  • Season Extension:
    • Explore methods for extending the growing season, such as cold frames, hoop houses, or row covers.
  • Fertilization:
    • Understand the nutrient requirements of different crops and use organic fertilizers as needed.
    • Experiment with natural fertilization methods like compost tea or manure.
  • Harvesting and Storage:
    • Learn when and how to harvest your crops to maximize flavor and nutritional value.
    • Develop techniques for proper food storage, including canning, drying, and root cellaring.
  • Crop Preservation:
    • Explore food preservation methods like canning, pickling, fermenting, and freezing to store surplus produce.
  • Seed Saving:
    • Learn the art of saving seeds from open-pollinated and heirloom plants to maintain biodiversity and self-sufficiency.

Off-grid gardening requires careful planning, resourcefulness, and a commitment to sustainable practices. By mastering these skills and continuously learning, you can create a thriving and self-sufficient garden to support your off-grid lifestyle.

Some examples of Foods That can be Easily Grown in a Backyard

Vegetables: Tomatoes, peppers, beans, peas, carrots, beets, lettuce, and spinach are all good options. Fruits: Berries, such as strawberries and raspberries, can be grown in small spaces.

Herbs: Herbs such as basil, rosemary, and mint can be grown in pots or in a small herb garden. Grains: Grains such as wheat and oats can be grown in a larger space and can be ground into flour for baking.

Legumes: Legumes such as beans and lentils can be grown and dried in soups and other dishes. Also, you can use wild plants

3. First aid Skills

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Knowing how to treat common injuries and illnesses is also Skills for Surviving Depression. It can be important for maintaining your health during the depression.

It can help you to take care of yourself or others in case of an emergency, and it can also help to prevent minor problems from becoming more serious. For example, if you know how to properly treat a cut, you can clean the wound and apply a bandage to prevent infection.

If you know how to recognize the symptoms of a cold or the flu, you can take steps to recover more quickly and avoid spreading the illness to others.

In some cases, knowing how to treat common injuries and illnesses can even be a matter of life and death, such as in the case of a heart attack or a severe allergic reaction.These are great Skills for Surviving an economic Depression and should not be overlooked.

You could be prepared in all other areas and be weak in hygene and die from an infection. First Aid and cleaniness is very important in a time when hospitals might not be easily accessible.

8 Important First Aid Skills To Know

Knowing essential first aid skills can be invaluable in providing immediate care in emergencies and potentially saving lives. Here are eight top first aid skills to know:

  1. CPR (Cardiopulmonary Resuscitation):
    • CPR is a life-saving technique used to revive an unresponsive person whose heartbeat and breathing have stopped. It involves chest compressions and rescue breaths. Familiarize yourself with the proper compression-to-breath ratio (usually 30 compressions to 2 breaths for adults) and the correct technique for different age groups (adults, children, infants).
  2. Basic Wound Care:
    • Learn how to clean and dress wounds to prevent infection. This includes washing your hands, applying antiseptic, using sterile dressings, and securing bandages or gauze.
  3. Choking Response:
    • Understand how to help a choking victim, including performing the Heimlich maneuver or abdominal thrusts on adults and children. Modify the technique for infants.
  4. Bleeding Control:
    • Know how to control bleeding from wounds by applying direct pressure with sterile dressings or clean cloth, elevating the injured area, and using pressure points when necessary.
  5. Treatment for Shock:
    • Recognize the signs of shock (pale skin, rapid breathing, rapid pulse) and learn how to keep an individual comfortable and calm while waiting for professional medical assistance.
  6. Fracture and Sprain Management:
    • Understand how to immobilize and provide support to suspected fractures or sprains using splints or improvised materials like boards and clothing.
  7. Burn Care:
    • Learn the appropriate first aid steps for treating burns of varying degrees (first, second, and third-degree burns), including cooling the burn with cold water, covering it with a sterile dressing, and seeking medical attention when necessary.
  8. Allergic Reactions and Anaphylaxis:
    • Recognize the symptoms of allergic reactions, including anaphylaxis, and know how to administer epinephrine (if available and prescribed) using an auto-injector. Be prepared to perform CPR if the person’s condition deteriorates.

In addition to these skills, it’s essential to keep a well-stocked first aid kit on hand and regularly update its contents. Stay informed about any specific medical conditions or allergies that family members or those you may assist in emergencies have, as this information can be crucial in providing the right care and help you survive during an economic depression.

4. Repair and maintenance

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Knowing how to fix and maintain your equipment and infrastructure are other Skills for Surviving Depression. It can help you to make the most of what you have and extend the life of your resources.

It can help to keep your equipment and infrastructure in good working condition, which can help to prevent costly repairs or replacements in the future.

For example, if you know how to maintain your car, you can change the oil and replace the air filter regularly, which can help extend your car’s life and prevent costly breakdowns.

If you know how to fix and maintain your equipment and infrastructure, you can also save money.

Additionally, knowing how to fix and maintain your equipment and infrastructure can be useful in an emergency situation, such as when you need to make a quick repair to get something up and running again.

8 Main Repair And Maintenance Skills To Know

Learning repair and maintenance skills for a grid-down situation can greatly enhance your self-sufficiency and resilience. In a grid-down scenario, access to professional help may be limited, making these skills invaluable. Here are eight essential repair and maintenance skills to learn:

  • Basic Plumbing Repair:
    • Understand how to fix common plumbing issues like leaky pipes, dripping faucets, and running toilets.
    • Learn how to shut off the main water supply and safely use plumbing tools like wrenches and pipe tape.
  • Electrical Repair:
    • Gain knowledge of basic electrical repairs such as replacing fuses, fixing faulty outlets, and repairing damaged wiring.
    • Practice safe electrical procedures, including turning off circuits and using electrical testing tools.
  • Small Appliance Repair:
    • Learn how to troubleshoot and repair common household appliances like toasters, blenders, and fans.
    • Understand the basics of appliance safety and how to handle electrical components.
  • Car and Bicycle Maintenance:
    • Acquire skills for routine vehicle maintenance such as changing oil, replacing air filters, and checking tire pressure.
    • Learn how to maintain and repair bicycles, including fixing flats, adjusting brakes, and tuning gears.
  • Carpentry and Woodworking:
    • Master basic carpentry skills, including measuring, cutting, and assembling wood.
    • Learn how to repair and construct essential structures and furniture.
  • Metalworking and Welding:
    • Familiarize yourself with basic metalworking techniques, such as cutting, grinding, and welding.
    • These skills can be useful for repairing metal items or fabricating new tools and equipment.
  • Automotive Repair:
    • Gain an understanding of more advanced automotive repair tasks like changing brake pads, replacing alternators, or troubleshooting engine issues.
    • Acquire knowledge of vehicle maintenance schedules and procedures.
  • Alternative Energy Systems Maintenance:
    • If you have alternative energy sources like solar panels or wind turbines, learn how to maintain and troubleshoot these systems.
    • Understand the basics of energy storage (e.g., batteries) and inverters.

5. Cooking and Preserving Food

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Being able to prepare and preserve food are other Skills for Surviving Depression. It can help you to make the most of your resources and reduce waste.

It can help you to have a reliable source of nourishment in times of emergency or disaster.

For example, if there is a natural disaster that disrupts the food supply chain, or if you are stranded in a remote location and do not have access to food, being able to prepare and preserve food can be essential for survival.

Knowing how to preserve food can also help to reduce waste and stretch your food supplies further, which can be especially important during times of scarcity or when resources are limited.

Additionally, being able to prepare and preserve food can give you a sense of control and independence, especially in situations where you may feel helpless or powerless.

5 Main Ways To Preserve Food In Any Situation

Preserving food is essential for extending its shelf life and reducing food waste. Here are five common methods for preserving food:

  • Canning:
    • Canning is a method of preserving food in jars by heating the contents to destroy microorganisms, enzymes, and molds.
    • The most common canning methods are water bath canning (for acidic foods like fruits and pickles) and pressure canning (for low-acid foods like vegetables, meats, and poultry).
    • To can food, you’ll need canning jars, lids, rings, a canner (for pressure canning), and proper canning instructions. The sealed jars can be stored in a cool, dark place for an extended period.
  • Freezing:
    • Freezing is one of the easiest and most versatile methods for food preservation.
    • To freeze food, clean and cut it into suitable portions, then place it in airtight containers or freezer bags. Ensure you remove excess air to prevent freezer burn.
    • Label items with the date of freezing to keep track of shelf life. Frozen foods can last for several months to a year, depending on the type of food and how well it’s packaged.
  • Drying/Dehydrating:
    • Dehydrating involves removing moisture from food to inhibit bacterial growth and spoilage.
    • Use a food dehydrator or an oven on a low setting to dry fruits, vegetables, herbs, and even meats. Alternatively, you can air-dry some items in a well-ventilated area.
    • Store dried foods in airtight containers or vacuum-sealed bags to maintain their quality. Dried foods can last for several months to years, depending on the item and storage conditions.
  • Fermentation:
    • Fermentation is a natural process that involves the conversion of sugars and starches in food into acids or alcohol by beneficial microorganisms.
    • Examples of fermented foods include sauerkraut, kimchi, yogurt, kombucha, and sourdough bread.
    • Fermented foods are preserved by the acidity and microbial activity, and they can have extended shelf lives when stored in a cool place or refrigerated.
  • Preserving in Oil or Vinegar:
    • Some foods can be preserved by immersing them in oil or vinegar.
    • Garlic, herbs, and certain vegetables can be stored in oil, which acts as a preservative. Keep these items refrigerated.
    • Pickling involves preserving foods in a solution of vinegar, water, salt, and spices. Common pickled foods include cucumbers (pickles), beets, and various fruits and vegetables. Refrigeration or canning may be required depending on the recipe.

When preserving food, it’s crucial to follow recommended techniques, safety guidelines, and proper storage practices to ensure the safety and quality of the preserved items. Always label and date your preserved foods and regularly inspect them for any signs of spoilage or contamination.

6. Bartering and Trade

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For example, if you are in a disaster area and the economy has collapsed, or if you are in a remote location where there is no access to money, being able to trade and barter can help you to get the things you need to survive an economic depression and downturn.

Additionally, knowing how to trade and barter can also be useful in everyday life, as it can allow you to get the things you want or need without having to pay for them with money.

For example, you might be able to trade your skills or services for something you need, or you might be able to barter with someone to get a good or service that you want.

Knowing how to trade and barter for goods and services can be a useful Skills for surviving an economic depression to acquire resources.

4 Ways of Bartering During A Depression

During a depression or economic crisis, bartering becomes a valuable means of exchange when traditional currency loses value or is in short supply. People turn to bartering to acquire essential goods and services. The four main areas of bartering in a depression typically include:

  • Food and Agriculture:
    • Food is a fundamental necessity, and in a depression, access to food can become scarce or expensive. Bartering in this category often involves exchanging homegrown or locally produced food items, such as fruits, vegetables, grains, eggs, meat, and dairy products.
    • People may trade not only raw foodstuffs but also preserved and processed goods like canned goods, jams, dried fruits, and pickled vegetables.
    • Agricultural services, such as planting, harvesting, or animal husbandry, may also be exchanged for food.
  • Skills and Services:
    • People barter their skills and services to meet various needs. This category includes a wide range of professions and trades, such as carpenters, plumbers, electricians, healthcare providers, mechanics, and more.
    • Bartering services can involve home repairs, healthcare, auto maintenance, tutoring, childcare, and even legal advice.
    • Skills like sewing, knitting, and crafting can also be valuable in a barter economy.
  • Goods and Supplies:
    • Everyday goods and essential supplies become significant in a depression. Bartering may include trading items like clothing, tools, furniture, personal hygiene products, cleaning supplies, and household goods.
    • Durable goods like blankets, cookware, and camping equipment may also be in demand, especially if people need to adapt to a more self-sufficient or mobile lifestyle.
    • Bartering for essential medical supplies, like medications and first aid items, can be critical.
  • Energy and Fuel:
    • Energy sources and fuels are essential for heating, cooking, transportation, and power generation.
    • People may barter firewood, propane tanks, kerosene, or other sources of heating and cooking fuel.
    • Renewable energy equipment, such as solar panels, wind turbines, or even knowledge about DIY energy solutions, can also be bartered.

7. Financial management During Depression

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Budgeting involves creating a plan for how you will spend and save your money, which can help you to make informed decisions about your finances and avoid overspending.

Managing your finances involves keeping track of your income, expenses, and debts, and ensuring that you are paying your bills on time and meeting your financial obligations.

By knowing how to budget and manage your finances, you can take control of your money and make it work for you, rather than letting your money control you.

This can help you to live within your means, save for the future, and achieve financial stability and security.

Knowing how to budget and manage your finances are Skills for surviving an economic depression that can help you to make the most of your resources during a depression.

3 Key Lessons Of Financial Managment During A Depression

During a great depression or severe economic crisis, financial principles and strategies take on a unique importance as individuals and families strive to navigate economic challenges and uncertainties. Here are three financial principles to consider during such times:

  • Emergency Preparedness and Financial Resilience:
    • Build and Maintain an Emergency Fund: Having an emergency fund in a bank or a safe, easily accessible account is crucial. Aim to save at least three to six months’ worth of living expenses to cover essential needs in case of job loss or unexpected expenses.
    • Diversify Income Streams: Relying solely on one source of income can be risky during economic downturns.
    • Reduce Non-Essential Spending: Cut back on discretionary spending to conserve resources.
    • Minimize Debt: High-interest debt can be a financial burden during tough times. Focus on paying off high-interest debts, such as credit card balances, as quickly as possible. Avoid accumulating new debt whenever possible.
  • Savings and Investment Strategies:
    • Invest for the Long Term: In times of economic uncertainty, it’s essential to have a long-term perspective on your investments.
    • Diversify Investments: Diversification across different asset classes (stocks, bonds, real estate, etc.) can help spread risk.
    • Avoid Panic Selling: Emotional reactions to market volatility can lead to poor investment decisions. Avoid panic selling during market downturns, as it may result in substantial losses.
  • Adaptability and Continuous Learning:
    • Acquire New Skills: Being adaptable and continuously learning new skills can enhance your employability and earning potential.
    • Explore Entrepreneurship: In times of economic uncertainty, entrepreneurship and starting small businesses can provide opportunities for income generation.


Having a range of Skills for surviving an economic depression and being prepared can help you to navigate a economic depression more effectively and to emerge from it in a stronger position.

Having an emergency savings fund, reducing your debt, diversifying your investments, and stockpiling supplies can all help you to be more financially resilient in the event of an economic depression.

Additionally, learning new survival skills for an economic depression and building a network of support can help you to become more self-sufficient and to find new ways to meet your needs.

Overall, preparing for depression requires a combination of financial and personal resilience.

By taking these steps, you can increase your ability to weather an economic downturn and emerge from it in a stronger position.

Preparing for and surviving an economic depression and learning skills for surviving a time of depression can seem like a daunting task, but there are steps you can take to increase your financial and personal resilience in the event of an economic downturn.

Greg - Prepping Insider

Hey, I'm a prepping enthusiast. Prepping for me is simply something of a passion. I have personally lived in many different rural properties that have given me a wealth of knoweldge and experience in practically living out survival and preparation situations. It’s not about getting the latest survival gadgets or buckets of food as its more of a lifestyle.

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