In 2008, many Americans started getting a small taste of what the Great Depression was like. As it turned out, it was “only” a recession, but it lasted a number of years and seriously disrupted many lives. And those who still haven’t regained the work they need to support their families aren’t convinced that it’s completely over.
Our government’s irresponsible fiscal policies in recent years have set us up for another recession, or possibly another depression. In fact, there are many financial indicators that point to a near-future problem.
Saving as much money as you can now is one way to prepare for a financial crisis. Another is making sure you can perform the type of work that will be in demand if a depression sets in. Let’s take a look at six of those tasks:
Store Deliveries. A depression will negatively affect the supply chain and force the closing of many stores. But people will still need certain goods. If you have a vehicle that can transport those items, you could gain work as a delivery person.
Lunch Wagon. Preparing and preserving lots of food at home will put you in a position where you can profit from it. Owning a lunch truck will enable you to sell that food to people at work sites and downtown areas.
Wood Chopping. Homeowners will need wood during a depression, and if you have the equipment and know-how to bring down trees and chop wood for a variety of uses, you’ll get some business.
Quilt Making. Many stores, including those that sell blankets, will struggle to stay open during a depression. But if you can make quilts, you’ll find customers who need to keep themselves and their families warm.
Childcare. During a depression, many stay-at-home moms will find themselves working at whatever jobs they can get. This will open up a need for more childcare. If you can gain experience in this area before a depression hits, you’ll be able to offer your services.
Housecleaning. Again, this is an activity that many stay-at-home moms will no longer be able to perform. There will be a need for this service at a reasonable price. And if you can combine childcare with housekeeping, you’ll be in like Flynn.