Survival Skills To Barter With In Case of Financial Ruin, Unemployment, or Economic Collapse

January 15, 2010 · 12 comments

in diversification, economy, education, emergencies, lifehack, market crash, risk, self-protection, survival, sustainability, unemployment, wealth protection, world order

How to tie knots [photo: demandvideo.com]Do your “transferable skills” include survival skills?  If you work in financial markets, accounting, tourism, real estate, university-level teaching (certain fields), administration, human resources, and a number of other fields whose central activities are not connected in any real way to the basic “stuff” of living, it is more likely that you are lacking in basic skill sets that could really help out in the case of an emergency – or less dramatically, in the event that there are larger disruptions in the usual functioning of the global economic system.

I was talking with Jacob from Early Retirement Extreme last night on Twitter about some of these issues.  Jacob is really on the ball with paying attention to what really matters in life – things and people that present real value and teaching oneself real skills.  In the time that I’ve been following his site over the past six months or so, I’ve known him to take up boating, sword fighting practice, martial arts training, watchmaking and DIY just about anything.

Jacob asked, “what skills could one learn now to barter them if the economy fails?“  Here’s a list of some of our ideas.

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10 Survival Skills You Should Learn In Case of Widespread Unemployment or Financial Collapse

1. Growing your own food.

Don’t learn it because it’s the latest cool thing – this is a skill we used to know and have forgotten.  But there are more than a few important reasons now why growing your own fruits and vegetables is becoming more and more important.  I’ve done some basic gardening and growing of vegetables myself, and it’s really not that hard.  You need patience, and you need a certain knack for caring about how your plants are doing.  You can’t treat the garden hose like a gun and shoot your crops with it, for example.  Not only can you teach others gardening skills for bartering purposes, but you can trade with the veggies themselves.

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2.  Food Preservation.

It’s one thing to buy and store extra cans of beans, but do you know how to can your own fruit, or vacuum-pack or dry other goods?  This would be a valuable skill to have no matter what.  I have to say I know little of food preservation myself – beyond using the convenient freezer that runs on a constant supply of electricity.

3.  Cooking and preparing food from scratch.

Again, it’s one thing to be able to make a nice pasta dinner, but can you make your own granola? How about catch, cook and clean your own fish?  I don’t even know how to make my own bread.  Ideally, I’d subsist on a diet of beans, veggies, fruit and rice – but it’s possible to conceive of situations in which one would still benefit from eating bread and other “filler” foods.  You could also teach fasting.

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4.  Make a Fire With No Matches or Fuel.

This should be #1 for obvious reasons.  But it’s also a great skill to have if you wanted to barter with someone for some other skill.  I have tried, but never succeeding in making my own fire.  Ideally you’d just carry matches around at all times, but nothing can substitute for Prometheus himself.

5. Catch and store your own rainwater.

Just because the economy-as-we-know-it fails doesn’t mean you’ll be living in the woods in the middle of nowhere – but this would still be a really valuable skill to have which you could also teach others.  I’ve read about it, but haven’t tried it.  You can make solar stills to convert sunshine and humidity into water and catch it in a cup.  This is so simple and basic we should all know how to do it.

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6. Tying Knots.

Another basic “girl/boy scout” type of skill, but very handy, especially if you ever really needed it.  Not all knots are equal!  Jacob says there’s “thousands of knots, but on a boat you only need bowline, reef knot, cleat, and a slipknot more or less.”

7. Learning languages.

You can teach basic Mandarin to anyone hoping to go over and work in China – Arabic is another language that I can imagine getting quite a premium if other English-speakers ever decided they needed it.  I suspect that English is not always going to be the “dominant” global language – so it could be quite valuable if you know one of the languages of the populations experiencing the most growth right now.  During the holocaust, in fact, there were many who were spared because they were able to communicate in German as well as Hebrew or Polish or Russian, and they were able to teach the language to members of the SS.

8. Personal Training/Fitness.

If you’re a personal trainer, and you’re actually really good at teaching, inspiring, and motivating in addition to getting results – you’d have no problem bartering that for other skills if unemployment levels peaked dramatically.  Fitness is something everyone needs and something everyone can stand to learn something about.  It’s the most basic form of health insurance, and you’re completely in control of it.

9. Sewing, Knitting, Crocheting.

Sewing sounds boring to me, but I can do it.  Some people can’t.  Far less people can knit.  Sewing for mending purposes is a really basic skill that would be easy enough to teach.  If you had to, you could make your own mats, rooves, and blankets if you knew basic sewing and knitting skills.

10. Your Idea Here?

I’m sure there are other skills you’ve thought of that would fit here – and it all depends on the types of situations we’re imagining.  Maybe there is just massive unemployment.  We’re all at home sitting watching our tvs or tweeting on the internet.  What would you want or need to learn in that situation?  What would you be able to teach or trade with others who might come over to fix your plumbing or electricity?

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We don’t have to imagine hyperinflation or social unrest to find ourselves in a situation in which we might have to barter in order to get by.  It could simply be a large bout of unemployment or the inability of the government to continue paying out social security, medicaid or medicare.  It could be a devastating natural disaster like the calamitous earthquake in Haiti that literally brings the basic infrastructure of everyday life to ruin.

We talk a lot about having emergency funds, but what about an emergency plan?  How covered are you, really?  I had an interesting time thinking about some of these questions.  You should try, too.  You might realize how little you really know.

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{ 12 comments }

1 Miranda January 15, 2010 at 12:41 pm

An interesting list of items. I can do about half of them really well, and another two or three in a pinch. Feeling good about myself ;) I think in the “growing your own food” category it helps to know how to identify edible plants — and how to prepare them — that grew without your help. My husband’s grandmother taught him how to use dandelion leaves to bulk up a salad. You can also learn how to find and harvest pine nuts, some kinds of mushrooms and other edibles that you might find growing wild.

2 MoneyEnergy January 15, 2010 at 4:38 pm

@Miranda – yes, some of these are really general categories. I know I don’t know how to harvest pine nuts, but that’s a great idea. Mushrooms have never appealed to me, but it would definitely be important to be able to tell which berries are safe to eat and not. Also, if ever in a truly dire hunger situation, it would be good to know the edibles even of mushrooms since you might surprise yourself with what you’d be willing to eat, I think!

3 Aaron January 15, 2010 at 7:51 pm

As an Eagle Scout, wilderness survival merit badge-holder, etc, the thing that really gets me about survival skills isn’t that there is one magic formula. There are a few basics you have to learn, but then you have to know how to adapt to your surrounding environment. If you only know how to survive in one sort of terrain, you’re unprepared. You have to be able to use your existing skills and learn from what is around you to keep making progress.

And that is a survival skill you can apply to today’s environment too.

4 Craig January 15, 2010 at 8:23 pm

I recently was on a jungle survival trip and it would be extremely difficult to make a fire without help from a spark or cotton as tinder. Cool trick to have, and even with those things I failed when making a fire, hence no fire when I was stuck in the jungle by myself.

5 MoneyEnergy January 15, 2010 at 9:32 pm

@Aaron – Good points about adaptability, that sounds about right. Interesting background you have, I’m sure it comes in handy frequently!

@Craig – a jungle survival trip?! Were you actually in a jungle somewhere? Great job practicing that. I guess a good idea is to keep some dry cotton with you if you can (if you have a winter coat you could always pull out part of its lining, too).

6 Craig January 15, 2010 at 9:41 pm

Yea, was in the jungle in Guyana and spent 2 nights in solo isolation by myself with nothing but my survival belt.

7 MoneyEnergy January 15, 2010 at 10:07 pm

@Craig – that is really crazy, what a great experience. I hope you weren’t eaten alive by bugs. Wow. This could be a great topic for the weekly chat!:)

8 Craig January 15, 2010 at 10:16 pm

@Moneyenergy Maybe so, or could talk about it on a radio show of some sort. Pretty sure next weeks chat I will have to cancel cause I have an event to go to, but maybe in the future. It was quite intense and I did get eaten alive, ha.

9 Aaron @ Clarifinancial January 15, 2010 at 10:23 pm

@MoneyEnergy Oh yeah, there are lots of times when I need to survive for a week and all I have is a knife. But like with Craig’s experience, why didn’t it light, how can you make it work, is there something else that will work around you instead? Unfortunately, experimenting to see what works can sometimes means you have to sleep with the bugs for a night or two:(

10 Sunny January 17, 2010 at 3:23 am

I really like your blog! I just learn this last Friday that I am at risk of loosing one of my job. But it doesn’t bother me that much since I have another one left… lol So unemployment may hurt me anytime soon… some little Quebeckers really like to play with my nerves. I am in Quebec. Is the situation better in Ontario and other? Maybe not, but I am pretty sure that in other places, real Canadians know how to treat people correctly – even in case of lay off. I have thousands of dollars invested in the market. I could sell everything and live without working for maybe 3 years. That’s my survival plan. As in case of natural disaster happening in Canada, I would certainly one of the first to die, I don’t know how to set a fire and stuff. I just know how to purchase stocks and its about it lol :) Chow x

11 angie May 22, 2010 at 9:35 pm

i am interested in understanding what you bartered survivla skills from who does he have a camp .And i have an english certificate to teach english overseas do you know a clic for that barter

12 Seb April 4, 2011 at 7:11 pm

Try looking at skillbound.com – you can swap and train people in any skills anywhere in the world.

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