In these times of economic uncertainty, we need to recession proof ourselves. Many of us find ourselves in a financial bind, we have lost our jobs, our incomes have dropped. Foreclosures are at and all time high and the cost of everything is going up.
Our political leaders do not have a clue, it is beyond me how you have an jobless economic recovery. Ninety-five percent of American's were promised a tax cut, then government raises taxes on everything they can get away with, which in turn raises taxes on all Americans. The old bait and switch at it's best. It is painfully clear that Washington is not the answer to our economic success, but the cause of our economic misery. That is why we must depend on ourselves to create our own robust personal economy. We can only do this by becoming recession proof.
It is a necessity that we lower our expenses and increase our revenues. Unlike the federal government we do not have the option of taxing the populous and printing more money when we see fit. There are some simple things that we can do to lower our expenses, such as cut down or cut out entertainment expenses, indulgence's, and impulse purchases. Simply by cutting down on expenses increases revenues, usually that is not enough to recession proof our lives, but it is a start. There are only a few options to increase your personal revenues. They are to get a raise on your job, get a new job that pays more, have more than one job, create a side business that's about it.
Do not believe the hype, yes we need people buying things to get the overall economy going, but if you cannot afford it, do not get it, because what is of the utmost importance is your economy. We as a people have to get out of the mind set that we have to have the latest and greatest of everything and we are spending our hard earned money on looks, bling, all in an effort to impress others. It makes no sense.
A personal story, when I was in the process of refinancing my house, and out of curiosity I asked the broker how much house could I qualify for. He told me that I would qualify for $400,000.00 (It is a lot of house were I am from). At first I was like I could get a really nice upgrade and I was on way, only if Momma could see me now. I being the youngest child, could be in the biggest, prettiest house of my siblings, done pretty good for ole farm boy. Did not take long to realize that it would have been all for show. I did not think if buying a house costing that much would be in the best interest of my family, did we need the extra room, taking the children from their school and friends. Initially those thoughts never entered my mind. It would have been a status symbol for me. I could puff my chest out and say "Hey look at me, look what I have done, I am the man". It would have all been for show. For the bling of it, if you will. I told a buddy of mine about it and he told me that I was crazy, if they going to let you have it then get it. Momma did not raise no fool. I refinanced my house, leveraged my money and purchased five more houses over a two year period all below wholesale.
That move was better for my family, because I was able to take the same qualifying criteria to acquire a million dollars worth of income producing real property that has been an asset instead of an liability that the $400,000.00 home purchase would have been. I know you are like come on your home is your largest asset. Yeah, it is, but if it is not producing you any revenue it is costing you, like the mortgage, water, lights, repair cost, upgrades, and in most cases it only produces an income when you sell it. Financially, your house is just somewhere to lay your head. One of the biggest lies that is told when you go to buy a car, when the sales person says to you that your car is an investment. Your car at best is a depreciating asset, it does not produce any income for us it just gets us from place to place.
Though I have been somewhat successful investing in real estate, that has not made me recession proof. I do not own the properties outright and they are held as collateral and if I do not continue to make the payments the banks will take the properties. Everything has to go right, and in this shaky economy it has been a hair raising experience. Tenants losing jobs, not paying or being late on the rent. Ultimately the landlord is responsible for mortgage if rent is not paid, the mortgage still has to be paid.
Now, I reduced my expenses, created a side business to increase my revenues and while the over all economy was good, things were rolling well. With the down turn in the economy though I had taken steps to insulate myself, my tenants had not done the same. Fortunately, I had set aside funds for a rainy day. None of us know how long this recession is going to last, and most of us are not prepared. I thought I had prepared for difficult times, realizing that I was not fully prepared. I set out to see how I could recession proof my personal economy.
After much research, trial and error, I have come the conclusion that Affiliate-Marketing is the most cost effective way of becoming recession proof. With the advent of the Internet, it has provided us with opportunities that have never existed before and opportunities that we do not even know exist. The power of Affiliate-Marketing is truly amazing. If you can focus, and have a clarity of thought, because of the vastness of the net you can get bogged down going nowhere because it is just to much information and it becomes overwhelming. Like I said if you can have clarity of thought and focus. Affiliate-Marketing is a side business that you can set up in addition to your job, second job, or business that you currently run. There is low start up cost, low overhead, and no employees and once in place runs on auto-pilot except for some tweaking.
The beautiful thing about Affiliate-Marketing is that you can market as many products as you chose and it can be done from anywhere as long as you have a computer connection. These products are products that people want and buy. As the world becomes more depended on the net, the more net sales are going to rise. Everyone can be a part of this economic boom.
Affiliate-Marketing has the potential to generate revenues outside of your main source of income without infringing on your quality of life, and over time payoff all of your outstanding debts allowing you to become debt free while building you a nest egg for your retirement which now doesn't have to be your golden years, thus making you recession proof.
I own a handy man service, and had been during well over the years. I had gotten into the real estate market purchased five properties had a good cash flow working only three days a week and then the bottom fell out. I loss $2500.00 month in revenue, and jump into research mode quickly to replace the lost revenue.
How many times have you seen this headline "Make $783.00 a day from home" or this one "94,113.48 in a month" and said to your self. Self, this is a crock of %^$#. Most of the time I would pass them right on by, but recently I found myself in dire straights because of the failing economy. I had not recession proofed myself.
I was surfing the net and I saw "Make $783.00 a day from home". I was desperate I saw my rainy day fund getting low, so I clicked on the link, read it, and decided to give it try. Heck, what did I have to lose? Am I going to tell you that I am making $783.00 a day, or that I set up a campaign that is generating 94,113.48 a month...
Wish I could, but no. I was only hoping to replace the $2500.00 a month that I had loss, that's a little over $83.00 a day. I have replaced the $2500 a month that I had loss, and I am making myself recession proof.
I only wish that my desperation had not been the catalyst for trying out this program. I don't know what your situation is, but from my experience this program has been well worth the investment. I only wished I had done it sooner.
Check out the following link, it is the easiest Affiliate-Revenue program out there: http://jaz0726.copyprofit.hop.clickbank.net
