If you're looking for ways to make money, you've come to the right place. Here are some practical tips for making money during a recession, whether your goal is to make extra cash or replace lost income.
You can also get creative and look for ways to make money that don't involve a 9-5. This is when your creativity and ingenuity will be most valuable, so don't be afraid to try something new! Here are some suggestions:
Refinance your house if you haven't already done so to pay off debt or get a lower rate on your loan payments.
Consolidate your credit card debt into one big loan with lower interest rates and monthly payments. This might be hard if you're starting, but it's worth considering in the long run!
If you have any room left in your budget after paying down debts and lowering interest rates, start saving on gas by driving less often (and using public transportation). Or see if there are other ways to cut back on spending so that more money goes toward paying off debt instead of spending frivolously on things like food or clothing. It's better not to have those things than to have them when we're already struggling financially!
Get a side-hustle
A side hustle is a way to earn extra money on the side. It's also a great way to learn practical and intangible new skills. But most importantly, it's a way to make money when needed: during a recession.
Here are some popular side hustles that are easy to get into and can be done online or offline:
Picking up a part-time job is the easiest way to make money during a recession.
Plenty of websites list part-time jobs—Craigslist, Monster, and Indeed are just a few—and they're all easy to use. Just create an account with your email address, upload your resume, and get searching! Be prepared to be flexible; you might have to take on tasks outside of what you're qualified for or even things that aren't exactly in line with your interests (but will pay the bills). And if possible, try not to work more hours than you need: 40 hours per week means that 40% of your paycheck will go toward taxes unless you want serious debt problems later on. If possible, look for opportunities close to home, so transportation costs won't consume too much of what little money remains after paying rent/mortgage payments and other expenses such as utilities (gas/electricity) or phone bills.
Stockpiling pet food, medications, gasoline, and batteries would be best. If you live in an area that gets a lot of rain or snow (i.e., where the weather can be unpredictable), solar panels might also be worth your time!
This way, if people cannot pay for their usual expenses during hard times, they’ll have access to them anyway.
Sell your unwanted goods.
Selling your unwanted goods is a great way to make extra money. If you're like most people, there are plenty of items in your home that you no longer need or use.
If you have an old phone, computer, television set, or any other electronic gadget lying around the house collecting dust, consider selling it online. You can either sell it directly to someone through sites like Craigslist or eBay (which is more time-consuming) or choose one of the many websites that specialize in buying used technology, such as Gazelle and NextWorth. These sites will offer cash for your old tech products based on their resale value (and sometimes even more).
Make money with video games.
The economy is in bad shape, and you're looking for ways to make money. If so, playing video games is the perfect time to earn cash.
While there are many ways to earn money through video games, the easiest way is probably by selling your old video game consoles and equipment on eBay. You can also use the money you earn from selling these items as seed money for starting your own business or expanding an existing one.
Make money by delivering groceries or takeout meals to customers.
Delivery services are a great way to make money.
Use your car, bike, or scooter to deliver groceries or takeout meals to customers. You can also do it on your own through sites like TaskRabbit and Gigwalk; you'll need an app-enabled phone to get jobs like these. If you're looking for an extra gig that doesn't require much spare time or energy, this could be perfect!
Refinance your life insurance policy or your mortgage.
You may be surprised to learn that refinancing your life insurance policy or mortgage can save you a lot of money! It’s true: many ways to save cash in these tough economic times exist. And it’s not just about cutting back on spending or having a garage sale.
Not only is refinancing an easy way to cut back on interest payments (and thus increase the amount of money available for other things), but it also has other benefits. For example, because many people don’t pay off their mortgages until they retire and move into a smaller house or apartment and stop paying their mortgage altogether at all—or even refinance again once this happens—it usually makes sense for them to keep paying the same monthly amount throughout their lives instead of trying to sell off all their belongings before they die (and thus save money).
Consider refinancing your car or consolidating student loans.
You can also consider refinancing your car or consolidating student loans. Refinancing your car can lower the amount you pay in interest and help build positive equity in your vehicle faster. By consolidating multiple credit card debts into one loan, you may be able to reduce the total cost of debt by lowering your interest rate. Consolidating all of your debts into one loan will simplify the process of making payments and could help lower the total cost of payments per month by reducing fees associated with having multiple loans. If possible, try to consolidate both your car and credit card debt into one loan as well by refinancing both loans individually at a bank or through an online service like Lending Club so that they are combined under one monthly payment (which will likely be less than what it would have been if paying for each individually).
Save on gas by planning and organizing your errands so you can run them all at once.
Learning to do more with less is the key to saving money when you're short on cash. The most obvious way to accomplish this is by cutting back on your spending habits, but there are other ways to save.
One of my favorite ways to save money is by planning and organizing my errands so that I can run them all at once. Instead of running back and forth between stores every few days, I take advantage of the fact that most stores are open for long hours and plan out my shopping to fit into one trip instead of multiple trips throughout the week or month.
Ask for a pause in paying your bills, including rent, utilities, and credit cards. Banks are allowing mortgage payments to be suspended or deferred during this time. So are credit card companies. Call them and ask for the same courtesy if you need to take some financial pressure off for a while. If you ask, airlines, hotels, and many other companies will give you similar payment pauses.
If you're struggling financially, ask your creditors to pause your payment. Credit card companies, banks, and others allow mortgage payments to be suspended or deferred during this time. So are credit card companies. Call them and ask for the same courtesy if you need to take some financial pressure off for a while. If you ask, airlines, hotels, and many other companies will give you similar pauses.
You could save money by not paying your bills for a while – but remember that it is better in the long run, if possible, to keep paying at least part of them so as not to damage your credit rating even further or miss out on any interest-free periods offered by some providers.
The coronavirus pandemic plus money printing has caused a recession – but it can still be done!
You can still make money. The virus has spread quickly but won't stop you from getting what you want. Your chances of making money are more significant than ever because now more people are unemployed!
The biggest takeaway from this recession is that it's essential to find an alternative source of income that doesn't depend on the economy. If your job were lost due to a downturn, could you continue paying your bills?
There's no need to panic. Keeping your head above water during a recession is about prioritizing what matters, keeping calm, and taking a deep breath. You can still enjoy life and have fun – even if you're not making as much money as in better times!
If you're like most people, you have a job. You might like or hate it, but you spend at least 40 hours per week doing grunt work for someone else. And then there are the weekends—which often feel like an afterthought when life gets busy. The Four-Hour Work Week is all about changing that. It's about living life on your terms and working more intelligently so that you can enjoy more of this one thing we call life.
Most people are not living the life they want, wanting to change but don't know how.
The author claims that most people are not living the life they want and want to change but don't know how. He is encouraging people to get rid of all their debt by any means necessary to live a stress-free life and follow their dreams.
The book covers four main areas: (1) how to escape the 9-to-5 trap; (2) how technology can help you become more productive; (3) how to manage your money best; and (4) what new habits you need to be successful at this new lifestyle.
Work more efficiently; that way, work fewer hours and make more money.
Ferris says that you can work less and make more money. He believes in working efficiently, not just hard. He says the best way to do this is to learn new skills and techniques to help you get things done quicker and better than ever before so you have more time for yourself and your family or friends.
Get rid of all your debt by any means necessary so they can live a stress-free life and follow their dreams.
Debt is a significant stressor. It can cause you to lose your home and your job, as well as your family and friends. The author encourages people to get rid of all their debt by any means necessary to live stress-free lives and follow their dreams.
Automate your cash flow so you can earn money passively.
As you may have guessed, Tim Ferris has much to say about money. He says that passive income is the key to achieving financial freedom and making your work hours more flexible.
To do this, he recommends using a financial planner and robo-advisor (a computer program that helps manage investments) to automate your cash flow so that money comes in automatically without your having to do anything at all–other than set up the initial investment strategy and make an occasional adjustment when needed.
This advice is great if you have enough money already saved; if not, don't worry! Tim suggests setting up a retirement account as soon as possible so that every time you get paid by an employer or client (even if it's just $100), it goes straight into this account instead of your regular checking account, where it will likely disappear before being spent on frivolous things like food or rent payments–or worse yet: nothing at all!
Before making a big decision, ask yourself if it's worth doing; if it doesn't have to be done right this second, then put it off for later.
Before making a big decision, ask yourself if it's worth doing; if it doesn't have to be done right this second, then put it off for later.
Is the task something that will help me grow?
Is this something that I need to do now?
If the answer is no, don't worry until later, when you can give yourself more time and energy to complete the task.
Tim Ferris says you should live by “the low information diet,” which means stop paying attention to the news and social media; it prevents you from being productive and happy; instead, find good books to read or podcasts and blog posts with valuable insight.
Ferris says you should live by “the low information diet,” which means stop paying attention to the news and social media; it prevents you from being productive and happy; instead, find good books to read or podcasts and blog posts with valuable insight.
He also suggests that we should not watch tv at all because it is a waste of time and brainpower.
Make sure your goals are meaningful, write them down, and visualize them daily to remember what you are working for.
Set goals before you start: Before you even begin your journey, make sure your goals are meaningful and transparent. You should be able to write them down on paper and visualize them daily, so they don't get lost in the hustle and bustle of life.
Please write down your goals: Once again, writing things down makes it easier for us to remember them–and this goes for both our long-term and short-term objectives and any tasks we need to complete daily or weekly (like remembering whether or not we're going out tonight). Writing down our goals also allows us to reflect on how far we've achieved them; if something doesn't feel right anymore, maybe there's another way forward! If nothing else comes from this exercise besides having an accurate record of where things stand right now, then at least there's some benefit there…but hopefully, by following these steps along with others throughout this book, such as meditation (#6), meditation (#7) and visualization (#8), then we'll soon find ourselves living within reach of those dreams rather than just dreaming about them all day long without making any progress towards actually achieving anything worthwhile!
It would be best to take time off now and then, whether on a beach or in your backyard shed. Remember taking time to breathe will help you be more productive when you start working again.
Don't worry about taking time off.
It's essential to take breaks, whether it's for a few hours or a few weeks. It doesn't matter where you are or what you're doing: remember that every human needs time to recharge their batteries, especially when working as hard as you are.
There is much more to life than work, so make sure you take time for yourself and your career because if you burn out, who will keep working hard?
Take time off. If you're working too much, thinking clearly and making good decisions will be challenging. You need some time off to relax, recharge your batteries and reflect on what's essential in life.
Think about what you want out of life and work towards those goals instead of just blindly following others' advice or trying to please everyone around you all the time.
Enjoy your family and friends more than just seeing them once every few weeks because when they're gone, it'll hurt even more than if they were never there!
I hope you enjoyed reading this summary of The Four-Hour Work Week by Tim Ferris. It was a great book with helpful tips on how to live a more fulfilling life and make more money.
Affiliate marketing is one of the best ways to make money online. It's a low-cost, high-reward method that allows you to monetize your website or blog by selling other companies products and services. But if you're new to affiliate marketing, it can be overwhelming to get started. You could read dozens of books on the subject and still not understand how it works or how to approach it effectively. That's why I'm here! We'll walk through every step necessary to get your first affiliate marketing business up and running like a pro.
Learn about the top affiliate marketing companies.
When you're starting, looking at some of the top affiliate marketing companies and seeing what they offer can be helpful.
Look at their websites. What do they sell? Is there a strong brand identity? From looking at the site design and copywriting style, can you tell what their target audience is like?
Look at their affiliate programs. What offers do they have (e-books, software, etc.)? Are there any restrictions on what products/services can be promoted as part of an affiliate program (e-books only, no physical goods)? Do these restrictions make sense for your niche or business goals? Are there any special incentives for affiliates who promote particular products or services to incentivize promoting those items over others that may be less lucrative but more relevant for your audience (e.g., if you sell yoga mats online, then offering an extra commission if someone buys one through your link).
Create a website.
Choose a domain name.
Find a web hosting service, and sign up for it.
Choose your website builder (if you're using one) or learn how to build your site from scratch using HTML code in Notepad or TextEdit on MacOS, and upload the files onto your web host's server using FTP software like FileZilla or Cyberduck; this is not recommended for beginners! If you don't want to learn how to code websites yourself and would instead use someone else's theme or template instead of starting from scratch with HTML, there are plenty of options out there–search “WordPress themes” in Google!
Choose an affiliate program.
Choosing the right affiliate program can be a daunting task. There are so many options; most seem to have similar payout rates and terms. The first step is to determine what type of business you want to run, then pick an affiliate program that fits your niche.
Here are some things to look for:
Choose a program you're interested in promoting (or at least know enough about). It will show in your marketing efforts if you're not excited about their product or service!
Look at how much money they pay their affiliates monthly- the higher, the better! This isn't always an indicator of quality, though; some companies want as many people promoting everything under their brand name as possible, so they'll give anyone who joins $10 per sale just because there's no risk involved in doing so (and maybe even make up for any losses later on). It would be best if you also considered whether or not this company has been around long enough for its reputation among consumers/affiliates/etc., which brings us back again…
The first thing you need to do is decide on a niche. Your business will focus on this topic or area of interest, such as health and fitness, travel, technology, or fashion. A good place has several characteristics:
It's something you're passionate about. You don't want to go into this business if it's going to be a struggle every day; it should be something that excites and motivates you! If multiple niches fit this criterion, pick the one that feels most comfortable (or all three!). In addition, make sure there's enough demand for whatever this niche offers product/service before committing yourself fully – otherwise, customers won't be able to find what they're looking for so quickly.
Knowledgeable in the field already? Great! Then it's time now for more research into what makes up good quality products/services within those fields too – so think about how much effort goes into creating something worthwhile versus just throwing together some rubbish because people might buy from them anyway even though their prices aren't competitive either way around.”
Create a business plan.
A business plan is a document that describes your company's goals, how you'll achieve them, and how much money you need to make them happen. You can use a template or write your own from scratch–it's up to you!
The first step in creating your business plan is deciding what it should include. Here are some suggestions:
A summary of who you are and what services/products will be provided by your business (the “marketing strategy”)
Detailed information about current competitors in the industry, including their strengths, weaknesses, and strategies (the “competitive analysis”)
A description of how customers will be able to find out more information about the service or product offered by this company (the “sales strategy”)
Now that you have a website and some traffic, it's time to put the pedal to the metal and generate leads. This section will cover creating an opt-in form that converts well and some best practices for using it on your site.
Opt-in forms are what they sound like: they allow people who visit your site or landing page (a page specifically designed for collecting leads) to give their contact information so that you can follow up with them later–usually via email marketing software like MailChimp or AWeber (both of which offer free trials).
The most important thing about creating an opt-in form is making sure it's easy for visitors who come across it while browsing your website; if there are too many hoops for them to jump through before filling out their details, then there won't be any conversions! So keep things simple by keeping these tips in mind:
Create a form that is easy for visitors/subscribers/followers/etc., whatever term fits best here :), and make sure the state isn't buried deep within several pages of content – this will help increase signups because no one wants to dig around trying figure out where precisely those pesky “signup” buttons are located!
Make sure there's only one action needed from each person signing up – asking them multiple questions will lead nowhere good 🙂
Start promoting your offer!
Once you have your offer, the next step is to start promoting it. The best way to do this is through social media and email marketing.
Another critical step is creating content that will attract visitors to your website so they can purchase the product or service.
Here is a simple free email system with a capture page you can use
You can use Copy.AI to create content for your affiliate products
Copy.ai is a tool that allows you to create content for your affiliate products. It enables you to select a product, and then Copy.ai will automatically use AI technology to generate articles, emails, and social media content. Try It for FREE HERE
Though it does not guarantee high-quality results (or even good results), it's an easy way for beginners to start making money online by creating their content without having any experience in writing or editing.
The benefits of using Copy.AI include the following:
It's free! You don't need special knowledge or equipment; sign up for an account and use this tool immediately!
You don't need any technical skills; choose your desired topic from their list of issues and press “Create New Article.”
The business world is constantly changing, and entrepreneurs need to stay on top of the trends. But with so many books out there proclaiming to be the next best thing, how do you know which ones are worth reading? We've compiled a list of our favorite business books that can help any entrepreneur become more successful.
The hedgehog concept refers to an ancient Greek fable about a fox who tried to outsmart an angry eagle with its many tricks, only to end up dead when he couldn't get away fast enough (spoiler alert). According to Collins, many companies try too hard to impress investors or customers by doing everything possible rather than focusing on doing just one thing well–and then continually improving upon that skill set until it becomes second nature.
Many books will help you get ahead in business, but this one is the most popular. It was written by Napoleon Hill and published in 1937, based on the life of Andrew Carnegie. Think and Grow Rich teaches readers how to use the power of their minds to achieve success. The book contains 13 steps for becoming wealthy, including:
Define your purpose in life
Establish clear goals for yourself
Use self-discipline to stay focused on those goals
Business etiquette is not just about manners. It's about making a good impression and building relationships, both of which are essential to your success in business.
Being on time shows respect for others, including yourself–and it's more important than you might think!
If you're running late, let the person know as soon as possible. Don't just show up at their office without warning them first; they'll be less likely to be forgiving if they've been waiting around for you with no explanation of why or when you'll arrive.
The Tipping Point is essential because it teaches the importance of Serendipity in business. Serendipity is when you meet someone who has the power to change your life or when you stumble across something that could be beneficial for your business. For example, if you were working on a project and needed some help with it, chances are someone would come along and offer their services–that's serendipity!
This book teaches us how word of mouth can be used as a marketing tool. Word of mouth refers to people talking about their experiences with products or services they've used before (usually in person). It happens naturally through conversation but can also be influenced by influencers like celebrities or social media personalities with large online followers. When these influencers talk positively about something they've tried out before, others will want what they're having too!
But how do we identify these types? How do we use them? Well, fortunately, Seth Godin wrote another book called Linchpin which goes into detail about this exact topic, so now we know exactly where
Written by: Spencer Johnson, M.D., a medical doctor and the author of several other books on change. The book is about how to deal with change in your work and life.
The story introduces us to four characters: Sniff, Scurry, Hem, and Haw. They live together in a maze that they call their home, where they eat cheese (the only thing left) every day until one day it disappears! The four characters each have their way of dealing with this terrible news; Sniff believes everything will be okay since there are other mazes nearby where he can find more cheese; Scurry decides that he should keep moving forward because maybe there will be some new tunnels opening up soon; Hem thinks about how much better off everyone would be if he could just go back into his past life before all this happened so he could warn them what was going on now; Haw thinks about how much worse things could get if no one did anything about it at all, so he makes up his mind not give up until everything works itself out again (or whatever happens next).
It's a must-read for anyone who wants to understand how to make it. Outliers describe a series of studies looking at why some people succeed, and others fail and what factors play a role in either outcome. It explores everything from hard work and luck to culture and intelligence–and how education fits into all of this.
If you haven't heard of this book, it's time to get up to speed. How to Win Friends and Influence People in the Digital Age is a classic business book that teaches you how to use social media to your advantage. Social media can be a powerful tool for growing your brand, building relationships, and building your business–but only if you know how to use it properly! This book will help teach you everything from creating a compelling profile picture on LinkedIn (and no: it doesn't mean dressing up like a clown) through using Facebook ads effectively (and making sure they're relevant).
The central premise behind his teachings is that there are six principles at play when it comes to persuading others: reciprocity (giving something before asking for something), liking (being liked first), authority (having credentials), commitment/consistency (making sure they say yes once), scarcity (offer something only for a limited time), and social proof (people will follow each other).
In The Richest Man in Babylon, George S. Clason gives you the tools to become financially independent and live a life of abundance. His advice is simple: save money, invest wisely, and spend carefully.
The book is based on parables from ancient Babylon that teach lessons about saving and investing money. It's a quick read that will leave you with a better understanding of how compound interest works (the more you save now, the more you'll have later), why paying yourself first is crucial to building wealth (you can't spend what isn't there), and how people often confuse wants with needs when making purchasing decisions–and why this distinction matters so much when it comes to building wealth over time.
Do you want to change your life? The secret is to rewrite the tales you say to tell yourself. We often tell ourselves that there are things we are good at and things we are not good at. This becomes a self-satisfactory prediction. You often say that you are not at all good with money and you are also sure enough about the fact that financial freedom avoids you. A lot of our confidence comes from the way we talk to ourselves. On the other hand, a lack of trust comes from our inner monologue. Here are some steps to change your life. Most of them may surprise you.
Your Narrative with a Growth Mindset
A growth mindset is a mindset where we see defeat as an opportunity to expand and learn. On the other hand, a fixed mindset is a mindset where you believe in the fact that there is nothing where you can upgrade yourself. It is also said that people can’t change. You are stuck with your faults and failure is a sign of weakness. People with a fixed mindset will say, “Just the way I am.” Instead of stepping out of their comfort zone to learn and grow. Changing the story means grabbing the possibility of learning new things. You are not restricted by what you have done in the past and you can also handle the discomfort of experiencing something new.
Understand the Origin of Your Internal Narrative
Sometimes a limited personal narrative derives from a difficult childhood. If you felt your parents were not there for you, you had switched to survival mode. Instead of exploring your surroundings with interest and playfulness, you have become overly alert. You wanted certainty and clear answers to stay safe, you are afraid of failure as a sign of unworthiness. You said to yourself that if you make mistakes that means you were stupid and a fool so you avoided taking risks. This kept you small and stopped you from achieving more. Often the nagging voice in your head is nothing but an extension of your past authority figures. If you've been told that you can't do certain things or find your parents too scared, you might take on an anxiety-filled inner story. To change your narrative or story means to challenge that internal voice and make a new voice of your own. You do this by uncovering proofs for supporting your newly made story. Make a list of achievements to demonstrate that you are capable of doing hard things. Enlist the risks which you took and that you overcame. You can even remember the defeats that assisted you in getting through and what you have learned from the same defeats.
Create a cohesive story of your past
Changing your story requires you to understand your past. This means telling the truth about what happened and refusing to make excuses for parents or careers that don’t fulfill your desires. It's not to condemn your parents, you might have heard that you need to understand or pardon them because they have been trying their best. But this is not the question. When you tell yourself a story about your childhood that is wrong or false, you refrain from healing, making your narrative more complicated and tough. You can even create an illness in your body when you refuse to admit your true feelings which means it is important for you to stop sugarcoating your past. Adult children with traumatic childhoods often paint a faulty picture of a happy family to protect themselves from the hurting truth. You cling to the view of your parents as loving and protective even when they infrequently show love or protection.
We are inundated with bad news on a daily basis that seems to never end. How can we then be happier? let's face it. It can be very challenging to remain optimistic these days. Constantly hearing about tragedies political unrest or the impending doom of climate change can be downright exhausting. Fortunately, there are plenty of tried-and-true methods for taking control of our own life and exuding an infectious positivity that will have us and everyone around us. Smiling silly number one getting an exercise routine is one of the most common self-care recommendations. We're likely to hear that we need to exercise more. Well, we hate to break it to us because I’m sure we're sick of hearing it but it is absolutely true.
First and foremost, there is plenty of evidence that regular exercise can help in the fight against much common mental health. Ailments like depression and anxiety exercise can even help to fend off ailments that come with aging. Like Alzheimer’s and dementia while physical activity alone is good for our physical and mental health. Making it a routine that we keep up can also be an incredibly beneficial way.
How to be more positive number two:
Meditation is another tried and true method on how to be more positive and reduce stress and anxiety in our life while meditation was once seemingly relegated to hippy-dippy types. It has officially hit the mainstream helping a lot of people realistically. Anyone who has access to YouTube and a desire to practice meditation. Meditation has been stripped of the mysticism that used to surround it and with the mysticism went much of the wariness and negative. Connotations meditation is simply the practice of focusing the mind through various exercises to achieve mental and emotional clarity while training attention and awareness when we practice meditation. We are really just investing in ourselves taking the time to purposefully look in on. What makes us tick and why do we think and feel the way?
We do number three practice mindfulness practicing mindfulness is one of the most powerful methods of managing stress and reducing anxiety. Practicing mindfulness is as simple as paying attention to how we are feeling. What we are thinking and considering? why at that moment we are feeling the way we feel and think those particular thoughts? Once we're a pro at living in the moment we'll find that it helps us stay grounded and, at the moment, keeps us from worrying about things that are out of our control.
Number four finds that funny humor is a powerful tool on how to be more positive also learning to find the funny in our life can help to improve our mood reduce stress and anxiety and battle depression. Let us explain what we mean when we talk about finding the funny, doesn't mean going out to our local comedy club every week though the comedians would certainly appreciate it, or actively seeking out funny things. It's actually about being able to find the humor in every aspect of our life, especially during the more challenging difficult times being able to find the funny. Everyday situations will also help us make those around us more relaxed and positive spreading the good vibes far and wide.
Number five surround ourselves with positive people this one is pretty simple cutting out toxic people from our lives and instead surrounding ourselves with other happy and positive people has a compounding effect. When people around us complain less we tend to complain less too.