How to Make Money during Recession
by Steve | corebloggers.com
by Steve | corebloggers.com
posted: November 7, 2011
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The recession period is quite essentially the worst period in anyone’s life. The fall in income levels, the prospect of losing jobs, not getting a new one, settling for less in life, all affect one’s mindset and mental peace. Many people face bouts of severe depression especially if they have families to support.
Economic slowdowns and recession are affecting many lives today but what can help is thinking of alternate ways to make money.
Making money is always needed because everyone needs cash. So even if you have lost your job or if your business is down, there are other ways and means to make money. The key lies in looking for an additional / supplementary source of income.
Here are some ideas that could take you through times of recession:
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The recession period is quite essentially the worst period in anyone’s life. The fall in income levels, the prospect of losing jobs, not getting a new one, settling for less in life, all affect one’s mindset and mental peace. Many people face bouts of severe depression especially if they have families to support.
Economic slowdowns and recession are affecting many lives today but what can help is thinking of alternate ways to make money.
Making money is always needed because everyone needs cash. So even if you have lost your job or if your business is down, there are other ways and means to make money. The key lies in looking for an additional / supplementary source of income.
Here are some ideas that could take you through times of recession:
Shift jobs, settle for less
Shift to a job / field that is still in demand. Something related to the field of accounting or even a basic job like waiting tables. This will enable you to have some in flow of cash while you wait for the economy to pick up pace again. You may have to settle for much less than your white collar job, but wouldn’t you want to have the basics rather than be cash less?
Shift to a job / field that is still in demand. Something related to the field of accounting or even a basic job like waiting tables. This will enable you to have some in flow of cash while you wait for the economy to pick up pace again. You may have to settle for much less than your white collar job, but wouldn’t you want to have the basics rather than be cash less?
Find creative ways to earn money
If you have a talent, this is the time to exploit it. If you can sing, then start singing in a restaurant or club. If you can dance, join an amateur dance troupe. It will help you earn some extra cash while letting you have some fun too.
If you have a talent, this is the time to exploit it. If you can sing, then start singing in a restaurant or club. If you can dance, join an amateur dance troupe. It will help you earn some extra cash while letting you have some fun too.
Use the Internet
With the invention of the Internet, the world is a much smaller place. While sitting in your home in New York, you could work online for a company in England. Use the Internet to find offshore jobs that you can perform using your existing skills, like: Teaching English to students in developing countries. Sign up for them and start online classes within the comforts of your own home.
With the invention of the Internet, the world is a much smaller place. While sitting in your home in New York, you could work online for a company in England. Use the Internet to find offshore jobs that you can perform using your existing skills, like: Teaching English to students in developing countries. Sign up for them and start online classes within the comforts of your own home.
Give tuition, charge by the hour
If you have a special skill in any subject, you could give tuition to your neighborhood kids and charge by the hour. No parent would want to lose the chance to improve their child’s grades.
If you have a special skill in any subject, you could give tuition to your neighborhood kids and charge by the hour. No parent would want to lose the chance to improve their child’s grades.
Sell things you don’t use or need anymore
Use the period of recession to get rid of things you haven’t used in a long time. Have a creative garage sale and make a pile of your old things, advertise for it across the neighborhood and make a quick buck or two…it will probably keep you going for a couple of weeks at least.
Use the period of recession to get rid of things you haven’t used in a long time. Have a creative garage sale and make a pile of your old things, advertise for it across the neighborhood and make a quick buck or two…it will probably keep you going for a couple of weeks at least.
Do some online stock trading
Online stock trading can be a fun way to pass the time and a profitable one too! Take some time to read up about various stocks and the ones that are performing well before you start trading. It will also help if you take advice from experienced traders or professional stock brokers too.
Online stock trading can be a fun way to pass the time and a profitable one too! Take some time to read up about various stocks and the ones that are performing well before you start trading. It will also help if you take advice from experienced traders or professional stock brokers too.
Event show host
If you can talk well and aren’t afraid of a crowd or the stage, then branch out as an event show host in times of recession. Practice in your spare time and partner with some event management companies so you can get access to some upcoming gigs.
If you can talk well and aren’t afraid of a crowd or the stage, then branch out as an event show host in times of recession. Practice in your spare time and partner with some event management companies so you can get access to some upcoming gigs.
Sell your art
If you like to paint and can do it well or even if you write well, become a freelance artist or writer. Make paintings in your spare time and place them outside your home with reasonable price tags. Or sell your writing to greeting card companies, friends, etc.
If you like to paint and can do it well or even if you write well, become a freelance artist or writer. Make paintings in your spare time and place them outside your home with reasonable price tags. Or sell your writing to greeting card companies, friends, etc.
Make your home a children’s day care center
If you have recently suffered the loss of your job due to the economic slowdown, use your home to make some money. Turn a part of it into a children’s day care centre and charge parents by the hour or by the day to take care of their children.
If you have recently suffered the loss of your job due to the economic slowdown, use your home to make some money. Turn a part of it into a children’s day care centre and charge parents by the hour or by the day to take care of their children.
Personal Assistance services
Older people or even senior level professionals are always in need of personal assistants so you could look for a job as one for either. Personal assistants get paid average salaries but its usually not a high stress job, in times of a recession you have nothing to lose if you opt for this.
Older people or even senior level professionals are always in need of personal assistants so you could look for a job as one for either. Personal assistants get paid average salaries but its usually not a high stress job, in times of a recession you have nothing to lose if you opt for this.
Sports Coach
If you are good at a particular sport, then use your skill to get you some money, becomes a temporary sports coach in your nearest high school or university. Alternately, join a sports club and train the team that represents it if you are really good and confident about your skill.
If you are good at a particular sport, then use your skill to get you some money, becomes a temporary sports coach in your nearest high school or university. Alternately, join a sports club and train the team that represents it if you are really good and confident about your skill.
Driver Jobs
Everyone can drive these days, so maybe your driving skills can turn into a source of income for you. Aged people especially would require these services and you can charge on the basis offer ride you undertake for them.
Everyone can drive these days, so maybe your driving skills can turn into a source of income for you. Aged people especially would require these services and you can charge on the basis offer ride you undertake for them.
Be a stand up comedian
If you have a good sense of humor and can make people laugh, use it to earn you a quick buck. Partner with a local pub where you can do a show 2-3 times a week.
If you have a good sense of humor and can make people laugh, use it to earn you a quick buck. Partner with a local pub where you can do a show 2-3 times a week.
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