by 1 person |
Are We In A Recession? Protect Yourself From A Downturn And Potential Collapse
Before I wrote about preparing yourself for an economic downturn. Well, we are IN an economic downturn but it does not have to cause major problems in your life if you know what to do. Although great changes are happening on a macro-economic level, you can control many things in your finances to ensure you can survive and thrive during the financial chaos we are experiencing.
Here are 3 tips you can use right now to ease your anxiety about your economic future.
1. Get a firm grip on your INCOME. Find out exactly where every penny you make comes from and protect those sources. This means showing up on time and doing a good job at your job. It also means looking out for a possible layoff.
2. Scout out other income sources to hedge your bets against hyper-inflation or a job layoff. Everyone right now should have second and even third sources of income. You do not want to get stuck without ANY income right now. Get a second job, sell things on ebay or donate blood or plasma.
3. Save your extra money. Put as much money into CD's or Money Market Savings accounts. Build up your extra resources to smooth out any potential financial hick-ups you might encounter.
Here are 3 tips you can use right now to ease your anxiety about your economic future.
1. Get a firm grip on your INCOME. Find out exactly where every penny you make comes from and protect those sources. This means showing up on time and doing a good job at your job. It also means looking out for a possible layoff.
2. Scout out other income sources to hedge your bets against hyper-inflation or a job layoff. Everyone right now should have second and even third sources of income. You do not want to get stuck without ANY income right now. Get a second job, sell things on ebay or donate blood or plasma.
3. Save your extra money. Put as much money into CD's or Money Market Savings accounts. Build up your extra resources to smooth out any potential financial hick-ups you might encounter.
New Table of Contents
Financial Collapse? Prepare Yourself...
Priceless Information In Today's Economy
Warning: If you do not prepare yourself for changes in the economy, you are like a babe in the woods.Learning how to thrive, rather than just survive, is priceless in today's economyThese are all important issues every individual and family needs to address during this difficult financial time. Even if you are currently not experiencing any economic hardship, now is a great time to get a handle on your finances, just in case. The worst case is you won't encounter any trouble and end up much further ahead than others. Only time will tell exactly how long and severe our downturn will be and to be.
For others who are in a difficult financial jam, rest assured that there IS a way out of your situation. Do not panic and work your way out one step at a time. Foreclosure, bankruptcy, job loss, stock market losses. These are all material possessions and "things" that can be replaced. Take stock of your situation, gather your resources and take the next best step you can. America is a great nation of opportunity, no matter what some might say, your ability is within YOU, not some outside agency or government official.
Click here to learn how to thrive in chaos
Recession Updates
Fetching RSS feed... please stand byJust How Did We Get Into This Mess? What You Don't See On Cable News Channels
Some interesting videos that may change your perspective on the current economic situation.
Zeitgeist - The Movie: Federal...
Zeitgeist [Religion] The Grea...
ZEITGEIST - MOVIE (FULL VERSIO...
Zeitgeist - The Movie: World T...
Music from Zeitgeist
Zeitgeist & Lucis Trust Lies p...
ZEITGEIST II ADDENDUM (FULL MO...
Zeitgeist: Addendum 1/13
"ZEITGEIST, Part 1 (Religion)"...
automatically generated by YouTube"
New Guestbook
submit
-
Reply
- Jun 3, 2009 @ 4:51 pm
- Nice lens. Thanks for sharing this information with us. This information is very important for
us.Income protection is very important for human life.
income protection
-
Reply
- income protection income protection May 4, 2009 @ 12:14 pm
- Yes we are in recession. All world are suffering in this. Your lens is nice. Thanks for sharing this information. Please approved my link, and visit my lens and my website
income protection
-
Reply
- WaydeMcKelvy WaydeMcKelvy Nov 28, 2008 @ 4:59 pm
- You make an excellent point - there is a huge difference between surviving and thriving. An economic crisis often drives people to create new ways to thrive. I think we can all agree that conventional wisdom is not working when it comes to creating wealth.
by BigFish1
Hi. I am a entrepreneur with business interests in residential and commercial services along with online efforts in the area of product sales and tech... (more)
