by 110 people |
How to Make Money in a Recession. . . or Out of One
Figuring out how to make money in a recession isn't as hard as you think.
Did you know, many of the richest people and businesses in the world made most of their money when the "economy" was bad? With the right information you can make more money despite the recession.
Be sure your voice is heard. . . leave your predictions for the economy. . . how are you dealing with it? have you been negatively impacted?
What You'll Find Here: Simple tactics you can use to tap into and begin making money almost right away, despite the poor economy. . .
Discover how to see through all the negative talk, the nightly news, and the doom and gloom and you will find what is really important.
Did you know, many of the richest people and businesses in the world made most of their money when the "economy" was bad? With the right information you can make more money despite the recession.
Be sure your voice is heard. . . leave your predictions for the economy. . . how are you dealing with it? have you been negatively impacted?
What You'll Find Here: Simple tactics you can use to tap into and begin making money almost right away, despite the poor economy. . .
Discover how to see through all the negative talk, the nightly news, and the doom and gloom and you will find what is really important.
The Laws of Money Sidebar:
Despite the nightly news finding simple ways how to make money in a recession is not difficult.
Recession Proof Strategies: Table of Contents
(Remember to Rate This Lens): How to Earn More Income During a recession quick links:
- Systematically Increase the Number of Money Multipliers You Have Working For You
- Protect the Money You Already Have
- Great Books Will Teach You How to Make Money in a Recession
- Holy Earthworms! Here's How to Cash in During the Recession. . . Finding Riches in Niches
- Share Your Thoughts, Fears, or Stories of Hope. . .
- a) How Safe Is Your Job?
- b) Harness the Power of Frustration and Turn It Into Opportunity
- Can I Really Make Money at Home?
- Are You Terrified By the Thought of Recession?
- How to Make Money in Network Marketing
- Great videos on how to make money in a recession
- Recession Definition
- What Are Your Thoughts About the Recession?
- More Smart Ways to Save Your Money
- Fear Drives Recessions
- Recession Proof Business Strategy #1
- Become Aware of Recession Proof Industries. . .
- Making Money in the Recession Isn't Hard. . .
- Someone is going to profit from the recession. Let it be you.
- Team Building is Recession Proof
Systematically Increase the Number of Money Multipliers You Have Working For You
How to Build Multiple Streams of "Passive" Income
The Laws of Money Sidebar:
Increase Input = Increased Output.
The principle behind this law is simple, but many people miss it. The term "passive" income is a direct result of intelligent action being paid passively over time.
The Fact Remains: It always takes Input to get Output. Okay, some people just get lucky, but do you really want to turn your destiny over to luck?
#2) It's Simple: The More Sources of Money You Have Flowing Toward You, the Better. . . this is simply one of the one of the laws of power
There are thousands of tactics to increase your income, and I certainly don't know them all.
However, there are only 3 "systems" that work to make money. All of these systems have advantages and disadvantages over the others. (I have listed each system by it's ability to "leverage")
So What Are These 3 Money Making Systems?
1) Real: These systems are true "systems". They are almost always fully automated. They take no time to maintain.
2) Entrepreneurial: A Business You Control. Output is determined by your ability, willingness, and skill to control the factors of your business.
You control you the amount of time, money, and energy you input, thus (for the most part) you control your output. Highly leveraged through automation.
3) Employment: Job, you trade your time and energy for a paycheck. Low Leverage. If you want to earn more money, you either have to get a raise, or get another job. Time + Energy = Money Most Stable.
There is no middle ground. Wealthy people understand this. . . and they put their time, money, and energy into systems that make their money work for them. I refer to ways to make money as "systems" because that's what making money is.
Remember the elements? Time, Money, and Energy. These three elements work together to increase your personal money power.
On the other hand: If you take away one of the elements, you take away a cog in your money making system, thus you take away your personal money power.
For many people, the Internet offers a wide open, unexplored opportunity to earn more income. However, given the amount of "just plain bad" information about making money online, this is often a fools bet.
During tough economic times like these, it would be foolish to think that there's less money available. There's actually more income to be made, the trick (if we can call it a trick), is finding where it is.
As you decrease the number of money leeches and increase the number of money multipliers, you will start seeing a steady stream of income accumulating right before you very eyes.
Sure the trickle will be small at first, but be patient. Turning the trickle of money into a steady torrent will happen quickly as you accumulate more and more money multipliers to your portfolio.
Where are some of the many places these added streams of income can come from?
* You can start your own business on the Internet. This has been my vehicle of choice, and it has paid me well. My income has increased steadily over 300% over the last 18 months, and as an added bonus my workload has decreased by 50%. Not too shabby.
The #1 killer of new Internet businesses are the lies by which opportunities are marketed: find out why get rich quick scams are a lie, and how to build a business that works.
* You can find and develop investment income streams. (CD's, High Yield Savings Accounts, Real Estate (right now is a great time to buy in many markets) Here's good a list of places and resources that have helped me save and grow my money.
* Look for another job, or find a new one (that pays better). This is probably not high on you list of desirable ways to make money during a recession/depression. But remember what Suze Orman says: "first people, then money, then things." When things get tough you should look at all options.
Protect the Money You Already Have
It's Not Sexy, But It's Mission Critical. . . You Must Identify Your Money Leeches
The Laws of Money Sidebar:
For the sake of this lens here are Two Simple Terms to make things easier to understand:
1) Money Leeches - Things that take money power away from you, with no hope of return.
2) Money Multipliers - Things that increase your personal money power.
Escape the "Herd" Mentality Use time-tested and proven strategies of mindset training to make more money
There are only three ways (yes only three) to make more money.
The first step I'm going to talk about is taking care of the money you already have. Understanding this basic principle of economics is the first step to increasing your money power. . .
. . . #1 ~ Protect the money you already have!!!
In tough economic times this principle is almost always forgotten!
The key to make more money using this principle:
* Get rid of your "money leeches"
* Increase the number, or the efficiency, of the "money multipliers" you have working for you
How many principles are that simple? People act based on their emotions, not logic.
Saving the money you already have is logical, not emotional.
Saving money is smart not sexy.
So how can you increase your personal wealth right now during this recession by getting rid of your money leeches? First, you must identify them.
This goes back to the Law of Input:
To make money you must act intelligently, using a combination of these three elements:
a) Time
b) Money
c) Energy
You must act intelligently in order to cut the losing expenses out of your life. Cutting expenses, creates a money generating system that increases your personal money power=wealth.
Here's a trick question: Which earns you more?
1) You make a phone call and get rid of an unnecessary monthly bill (a money leech) that costs your household $100 every month.
2) You work an extra 5 hours (on your day off) and you earn an extra $100 on your paycheck.
Of course you earn the same amount of money either way. But ask yourself this: which of these two options costs less?
If you said 1) canceling the account and saving your household $100 dollars every month, you'd be right.
It costs less in a) Time and c) Energy and the direct result to your family is b) more money.
But more than that, by making smart decisions, you're saving money, time, and energy.
Think about your life, where can you decide to save money and increase your money power right away?
It's Time to Stop Guessing!!!
"Can I Afford It? Is this the right investment for me and my family? Should I dump the mutual funds? What about purchasing an annuity? Can I retire at 55? Is the kids' college fund safe?"
Start making better decisions based on proven science. If you want more money at the end of every month like clockwork, you have to make wise decisions.
Here's a no-brainer: free expert software that helps you make good decisions every single time. . . it will save more time, money, and energy for you and your family.
Great Books Will Teach You How to Make Money in a Recession
I just wish I had time to read them all again
Holy Earthworms! Here's How to Cash in During the Recession. . . Finding Riches in Niches
The Fastest Way You Can Minimize Risk and Maximize Revenue
The simplest way to laugh at tough economic times. . . while everyone else is hunkering down in their foxhole, you can profit wildly. . . with no competition!
We all know something. From the most inexperienced kid straight out of high school to the CEO of a multi-billion dollar organization, we all know a subject, a topic. . . something about something.
But what if you could make money simply by giving your knowledge away?
No special education. No copywriting skills. No training. Just you providing the knowledge of what you know.
This is the power of a niche. The slightest bit of knowledge, positioned correctly, can be worth thousands, even millions of dollars to you. An income for life.
Niches are unlimited! As the global market opens up thousands, if not millions, of new niches are created each and every month. As more knowledge is shared even more niches are created; these niches can dig deeper, expand on, contradict, or spin the information already provided.
This ever expanding pool of niches is called the long tail. . . here's a good explanation.
It's so simple it should be illegal! But it's not.
It doesn't matter if your knowledge is based on the selective breeding patterns of earthworms. . . how you saved money buying your kids' school clothes at a discount. . . or the best way you've found to refinish your front porch. . . fisherman, single moms on a budget, new homeowners will pay you good money to know what you know!
Positioned well, these are all niches that can earn you thousands of dollars year after year, with no fear of competition.
Why no fear of competition? Because the information you provide is your niche so it's uniquely yours.
You provide the intelligence in a way that "brands' it to you, your niche, your visitor, your business, your income. You become the expert in the niche you create, you own it.
Because by positioning yourself as "the expert" of backyard earthworm breeding (or whatever) you will be uniquely rewarded. . .
. . . search engines will send you the majority of the free traffic for your niche, fisherman will recommend you to their friends, fishing bloggers will blog about your site. Your niche and your income grows virally while you simply provide quality information.
By developing your niche you own your small part of the universe. . . even if it is filled with earthworms.
So what is the best way to own your niche? A niche website of course.
But not just any website. You need a theme based, niche focused website that integrates all the tools you need to find, develop, and sustain the perfect niche, business, and income for you!
There is only one tool I've found that delivers on this promise.
I've developed three highly profitable websites/niche businesses using this program.
Click here to recession proof your career, build, and maintain a steady income no matter what the economy does.
Click the link above, discover this powerful process and discover how you can own your own powerful (wormy) part of the universe. . .
Share Your Thoughts, Fears, or Stories of Hope. . .
. . . Your Predictions About the Recession, and How It Will Affect Your Life
Please Rate This Lens Because It Helps Get the Word Out!
Reader predictions:
Fetching predictions now... please stand by
muncom, at 5pm on June 26, 2009 predicts:
the best way: put a free online store at http://www.muncom.com
"Muncom.com is a free web store builder and a free online marketplace."
"Sellers can easily create their own free online store in minutes, with free website hosting, free subdomain and a powerful admin tool to manage their free online stores."
leacharlton, at 8pm on June 8, 2009 predicts:
More will learn how to forget jobs and recession proof their lives by developing more frugal lifestyle habits, starting a business or developing multiple streams of income through investing, Internet marketing, capitalizing on others strengths.
one4home, at 10pm on May 28, 2009 predicts:
If You do the same thing you will continue to get just that the same old thing! You must change for change in your life!!!
jduro, at 8pm on May 27, 2009 predicts:
The recession will continue for those that do not take action. If you want to take action check this out: http://www.investing2-make-money.com
robbie boy, at 5pm on May 20, 2009 predicts:
recession will last until 2018
Fetching predictions now... please stand bya) How Safe Is Your Job?
If you're an investment banker you already know the answer to this question. . . sorry :-(
The United States has lost over 5 Million jobs in the past 12 months!
Most of these layoffs have come in the home construction, banking, and automobile industries. If you're employed in one of these industries, you're probably really nervous.
According to Money Magazine when you exclude the jobs lost from these three industries, the U.S. economy has actually created over 90,000 jobs in the last year! This is encouraging news.
On the horizon things don't look peachy. Here are some articles to educate you on what kind of situation we're in (warning: some of these are pretty bleak!)
* The Christian Science Monitor's Credit Crisis Blog
* Forbes Article: The Job Eating Economy
* What is the Best Job to Have During the Recession? Find the Answer Here.
Smart companies continue to hire, develop, and promote skilled leaders. If you want to protect yourself, the experts' advice is to improve your leadership, communication, and team building skills.
If the country falls deeper into recession, experts predict huge layoffs on the corporate landscape. Actually predicting well over 1,000,000 layoffs in 2009!
That's why it's so important to really figure out how to protect yourself and your income right now!
If you're in a high risk sector, stow away a six-month to 1 year emergency fund for you and your family.
Make yourself more valuable to your company now so you're not the first one who gets the ax when it falls.
Protect yourself by networking! Places like Squidoo and Facebook, are great free ways get to know people online.
Online, finding a recession proof sector isn't hard. . . you just need to know where to look.
Like this smart group of people who have all discovered a simple process to recession proof their lives, and (as an added bonus) love what they do.
Most of these layoffs have come in the home construction, banking, and automobile industries. If you're employed in one of these industries, you're probably really nervous.
According to Money Magazine when you exclude the jobs lost from these three industries, the U.S. economy has actually created over 90,000 jobs in the last year! This is encouraging news.
On the horizon things don't look peachy. Here are some articles to educate you on what kind of situation we're in (warning: some of these are pretty bleak!)
* The Christian Science Monitor's Credit Crisis Blog
* Forbes Article: The Job Eating Economy
* What is the Best Job to Have During the Recession? Find the Answer Here.
Smart companies continue to hire, develop, and promote skilled leaders. If you want to protect yourself, the experts' advice is to improve your leadership, communication, and team building skills.
If the country falls deeper into recession, experts predict huge layoffs on the corporate landscape. Actually predicting well over 1,000,000 layoffs in 2009!
That's why it's so important to really figure out how to protect yourself and your income right now!
If you're in a high risk sector, stow away a six-month to 1 year emergency fund for you and your family.
Make yourself more valuable to your company now so you're not the first one who gets the ax when it falls.
Protect yourself by networking! Places like Squidoo and Facebook, are great free ways get to know people online.
Online, finding a recession proof sector isn't hard. . . you just need to know where to look.
Like this smart group of people who have all discovered a simple process to recession proof their lives, and (as an added bonus) love what they do.
b) Harness the Power of Frustration and Turn It Into Opportunity
Stop Listening to Negative People, Places, and Things
I talked to my dad today, he's 62 and up until two months ago he was planning to retire in June of 2009.Yes, he was planning to retire. . . that is before his stock portfolio took a 40% beating in the last couple months.
I was shocked.
It made my heart sink for him to know that his long career would be prolonged not because he loved his job, but because listening to bad advice had cost him thousands of dollars, and the chance at early retirement at 62.
I don't say this to be negative, but my father is someone who takes a long term approach to -well- just about everything. Hearing that his retirement plans had been thwarted by the volatile economy, I felt helpless at the situation we (I mean he) was in. I started getting really frustrated and angry.
I began blaming everybody, from George Bush and the nightly news, to Bill Gates.
I admit I was being negative; it felt good to look at who I could blame rather than find a solution to help fix the situation.
Now, I recognize how negative and unhelpful I was being, but at the time I was pissed off.
I'd like to say I'm someone who is positive in all situations, but I'd be lying. I too had fallen into the trap of looking at the negative side of this financial crisis, and stopped looking for what can be gained for the greater good and my personal well-being.
It's a process of finding the good in tough situations. . . but the fact is: if you learn how to look, you'll always find it.
A friend of mine, and the most positive person I know, Catherine Pratt, offers a great free e-book if you'd like some practical strategies to harness the power of frustration. . .
. . . Catherine never talks directly about turning your frustrations into money making opportunities, but if you know how to look it's just one strategy you'll discover.
Can I Really Make Money at Home?
How to Turn Your Passion Into Dollars Too!
I don't know you, and I won't presume to know what makes you tick. What I really want to relay to you, before you go any further, is that I am Anti-Get-Rich-Quick.What I do know is you're searching for a real way to make money in order to supplement or replace your current income.
Developing an income stream to replace your current one can happen (easier than you might think) from the comfort of your own home, but it takes time, persistence, a desire to succeed, and a proven blueprint to follow.
I can give you the blueprint, the rest comes from you. I can't teach you the will to win.
I started my own journey to make money from home in the winter of 2007.
Less than two years later, I find myself totally out of debt, the owner of three highly ranked websites which provide me and my family with a reliable, steady income.
Am I wealthy? Not yet, but I am rich. Building my own business from home has been one of the most rewarding things I've ever done for myself (second only to being a parent).
I have truly insulated myself from the topsy-turvyy economy, I make money every single month simply communicating with people like you!
You can read my story, learn more about me, and discover exactly how I recession proofed my life and how I make more money for my family here.
Are You Terrified By the Thought of Recession?
Protect Yourself and Your Family:
Discover the Sound, Simple Business Strategies of Sun Tzu. Developed over 2000 years ago, these strategies have withstood the test of time, and will help you see advantages where no-one else see's them. . . Especially in times of recession or economic hardship.
When You Visit: Be sure to download your free copy of The Art of War
How to Make Money in Network Marketing
Whether you believe it can be made or not. . .
The truth about how to make money in network marketing eludes most people. Statistics show, only about 5% of people who start a network marketing business ever recoup their initial investment. That's a 95% failure rate.This is a shame because there is a lot of potential money to be made in network marketing when you approach the multi-level-marketing model sensibly, with a successful business strategy, and with the right expectations.
Here are the 4 essential steps for building a network marketing business: (deviate from these core principles at your own risk)
STEP 1. Recruiting/lead generation/relationship-building
STEP 2. Sales conversion
STEP 3. Ongoing consumption
STEP 4. Replicating yourself through downline motivation and training.
Here's a great resource if you'd like to discover how to nurture network marketing leads into MLM success and make more money doing it
You should not deviate from these steps. If someone is pitching you on a network marketing business model an does not address each of these steps, run away quickly.
The fact remains: building a network marketing business involves building a business. While network marketing and the Internet go together like a hand and glove, poor recruiting practices by some unethical network marketers have caused a huge quagmire of business failure.
So if we're going to look at network marketing as a viable business model, that can help you make money during a recession, we must also take a hard look at the entire industry, and ask ourselves, "Why do most people fail?"
Great videos on how to make money in a recession
See what the experts say about the concept of leverage. . .
Recession Definition
What the Heck is a Recession Anyway?
In economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes and business profits all fall during recessions.
Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.
What Are Your Thoughts About the Recession?
Are You Worried or Hopeful? Do You Have Any Tips to Help This Lens?
bolbcat wrote...
This is one of the longest lenses ive seen filled with a lot of great information. good job and great tips!
Posted June 26, 2009
Lensmaster
success202
http://sonic22.lgnsalescenter.com/lc3.php
here's a great way guys!. check it out. Have any questions let me know
Posted June 04, 2009
Confidenttrader wrote...
Wow, this is a full lens with lots of great info. Thanks!
Posted May 24, 2009
More Smart Ways to Save Your Money
These are direct links, I have no affiliation with these companies
- ING DIRECT - Save Your Money!
- An FDIC insured national bank offering one of the highest savings rates with no fees and no minimums. ING Direct also provides highly competitive Certificate of Deposits, Mortgages, Home Equity Lines of Credit and Mutual Funds.
- Personal Finance and Investing - MSN Money
- MSN Money is the comprehensive source for your money and personal finance needs. Read business news, get stock quotes, research investments, track your portfolio and manage your accounts in one place. MSN Money has personal finance planning centers for retirement, college, taxes, insurance, savings,
- Fool.com: Stock Investing Advice | Stock Research
- The Motley Fool provides premium investing advice and market-beating stock research whether you have $250 to invest or tens of thousands of dollars.
- simple.ology - The Simple Science of Getting What You Want
- We may not stay free forever you know ...
Simpleology membership is 100% free.
For now ...
If you leave now, it's possible you may have to pay for entry.%uFFFD We truly have no idea how long we can keep the doors open for free.
Are you sure you want to pass up a free chance to get lifetime access - Feed the Pig
- Money shouldn't drive your future. But neither should debt. It's time for you to take control. Get what you deserve. Not just today. Your whole life. Just remember: small changes add up. Take steps to start saving today and you'll build a solid financial future tomorrow.
Fear Drives Recessions
The one word answer to explain why things are tough all over. . . except on the Internet
Fear drives recessions because it strikes at the heart of people's major factor for getting up and going to work every day. . . their need for security.
When the media starts screaming about how the economy is tanking, the rotten price of resources like food and gas, it makes smart people realize just how dangerous their economic situation really is.
For many folks it's like looking into the abyss.
Only when you're standing on the edge do you realize how truly powerless you are over most economic factors that govern your life.
That's what making yourself recession-proof is all about. Learning how to make money in a recession, despite the economy.
Building your own safety net for the betterment of your family, putting the pieces together to live outside the factors that govern so many good peoples' lives.
Not having to worry whether you have enough money to eat, pay for gas, invest wisely in your retirement, and help your kids through school.
So if you're looking for a way to get started learning how to make money in a recession, ask yourself: How important are these factors to how you earn income?
Ethics - You only profit when you do the right things for the right reasons
Discovery - Are you willing to take a bit of time to learn how to create profits? Or do you want some "get rich quick" scheme?
Passion - You will discover a new way of doing things, profiting from what you love, because working with your passions helps you create an income you can love.
If you're willing to ensure you have these three factors in place, I suggest you move forward and discover how to make money in a recession.
Recession Proof Business Strategy #1
Get to Know Your Friendly Social Network ~ Because if you're not in the conversation you're not making money
I'm pretty sure you know what social networking is, since you're looking at this webpage, on a social networking site, Squidoo.There are millions of conversations going on at this very moment all over the Internet. In fact, you and I are having one right now.
"Conversations?" you might ask.
People are discussing everything from global warming, hybrid cars, how the recession is hurting the economy, there's probably people even talking about which Muppet is hotter Fonzi or Gonzo. . .
If you can learn how to interact and be part of the discussion within the social network of the Internet, you can earn money regardless of what the economy is doing.
It's all about building the simple knowledge of speaking with people rather than at them.
In my own situation, I tried talking at people for several years - being a pushy marketer. In my early days in my own Internet business I struggled with what to say. . .
. . . my breakthrough really came when I started studying how to "talk" within the social networks online, places like Squidoo, facebook, digg, and other good networking sites.
For me, just following the simple lessons we've put together at our Social Network dedicated to making money online
Become Aware of Recession Proof Industries. . .
Because there are some markets that will never go out of business
If you're really serious about learning how to make money in a recession, you've got to start looking for opportunities within the existing marketplace which are profitable regardless of what the economy is doing.
The "experts" say that if you're looking to invest in stocks during a recession the best places to look are in the "vice" products, like cigarettes and alcohol. I guess this makes sense since during times of economic hardship all some people can do is hang out at the bar and wait it out.
But, in my opinion, morally, I don't want to profit from other peoples' suffering, but that's just me.
I look to other arenas, for people who are actively seeking to improve themselves by becoming more marketable and skilled during economic hard times.
Yes, self-improvement and education are recession proof because there are always going to be those people who take the bull by the horns and work towards improving themselves!
You can even see our entire network of folks who have learned how to make money online despite the economy check it out here.
The "experts" say that if you're looking to invest in stocks during a recession the best places to look are in the "vice" products, like cigarettes and alcohol. I guess this makes sense since during times of economic hardship all some people can do is hang out at the bar and wait it out.
But, in my opinion, morally, I don't want to profit from other peoples' suffering, but that's just me.
I look to other arenas, for people who are actively seeking to improve themselves by becoming more marketable and skilled during economic hard times.
Yes, self-improvement and education are recession proof because there are always going to be those people who take the bull by the horns and work towards improving themselves!
You can even see our entire network of folks who have learned how to make money online despite the economy check it out here.
Making Money in the Recession Isn't Hard. . .
When you know the secrets of the rich
I'm going to be really honest with you.The only way you can personally fight a recession is by becoming
independent. . .
Independant of the places that are hit hardest by the huge pull back in consumer spending that is already here (I write this on a day where the American Stock Market fell by 350 points!):
1) the mid-level employees of corporations
2) the blue collar workers
3) small traditional "mom and pop" shops all over the country.
These are the "everyday" people like you and me that can least afford to go out of business or be laid off in crazy economic times like these.
It's sad these good folks who are traditionally hurt most by recessions are people just like us.
What you may or may not know is the U.S. government has structured the tax laws against this giant group-the middle class. I'm sure you feel it every year when you look at just how much of your hard earned money you're forced shell out to the I.R.S.
What if I told you "you can keep 50% of what the I.R.S. is taking," would you listen?
You'd be silly not to.
The same government that taxes the "everyday" regular Joe so hard, encourages people with any kind of entrepreneurial spirit to start their own businesses, in an attempt to spark the economy.
It doesn't even matter if you business has 1 employee or 100. . .
With the tax laws structured the way they are, you the small home business owner automatically receive the exact tax breaks of large multi-billion dollar corporations. . .
. . . you can too, just for checking a different box on your W2.
So in reality your tiny start up business can make your family real money every year, even if on paper it's losing money. Because if you're doing it right, it won't be. And that where I can help you.
Because if you turn a profit that's much better right!
Someone is going to profit from the recession. Let it be you.
And why you should have started thinking about this yesterday!
Just three short years ago. . . we were in one of the biggest booms the housing market had ever seen. People were buying and selling houses at an amazing rate.I personally bought and sold two, and I had no clue what I was doing, and still made a lot of money! Buying and flipping a house was like planting a money tree in your own backyard!
Look at all the television shows about flipping houses that sprung up in the fat times. Do you really think most of these people are flipping houses today?
I'm certainly not! Both the houses I sold are on the market again at prices below what I sold them for. I got lucky, many have not been so lucky.
So the question remains, how do you make money in a recession?
The Concept of Leverage: Do You Have Any?
Robert Kiyosaki says most of us have financial trouble because we never actually get beyond the "me/you" stage in our lives and careers.
What's the "me/you" stage? Basically I work for a wage, I get paid only for the hours I work, or the "paid time off" I get as a perk for working for someone else. I have no leverage, no earning power beyond what I do.
I control my small world, but I do not expand outside it because of fears, uncertainties, doubts (F.U.D's).
The F.U.D. you feel are the same fears that are driving the middle class into extinction, and our country straight into a recession.
If you're frightened about how to start your own work from home business here are some great tips to keep yourself safe.
Team Building is Recession Proof
Recession Proof Your Life With Relentless Focus on Key Business Strategies
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I help business professionals build the team they need so they can grow the business they want.
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