by Jan Shimano
There is no question about the fact that we are deep into an economic recession. Many of us are asking how we are going to get through this unscathed.
The way I see it, there are only three possible outcomes. Things could stay the same for us and we would see little change, we could be adversely affected or we could even prosper. If you are like me, then this latter scenario is what we would like to see happen to us. The question is, how can we make that happen?
If we look back in time, we will see that the economy is constantly fluctuating. Right now we find ourselves in a recession, but it wasn’t too long ago that we were riding high and there was immense economic growth. We have also experienced periods of time where the economy was fairly stable.
There are many books on the market that discuss the causes of recessions and how we can cope with them. There is one particular book that I highly recommend. It is by William Bonner and is called “Financial Reckoning Day: Surviving the Soft Depression of the 21st Century”. Your local library would be happy to order in a copy if they don’t already have one on their shelves. Doing some research can give you the confidence that you can survive and even thrive during times such as these.
It is important that we are very careful about the way we are spending our money during an economic recession. Obviously, we still have to eat and most of us have to drive our cars to and from work, so food and gas would be classified as necessities. We should also try to save some money, even if it is just a little, for the possibility of even tighter times ahead.
In the same vein, we would not want to take on any new debt during a recession, even if we think we can afford it. In these unpredicatable times, we cannot foresee if we will still be able to afford that shiny new car sitting out there in our driveway.
There are numerous way to earn a little extra income. One idea that comes to mind is renting out those few extra rooms in your basement or home. With so many people losing their homes, there would be no trouble at all getting those rooms rented out.
There is a wonderful opportunity during an economic recession to start your own home based business. You might think that is a crazy idea but let me tell you about a study that McGraw-Hill Research did. They found that those companies who maintained or even increased their marketing during the recession in 1981-82 saw a huge increase in sales growth to the tune of 275%. Can you imagine! So how do you think companies made out that didn’t do that? Well, those companies who cut their marketing saw an increase of only 19% during the same five year period. Folks, this is the best time in 70 years to start that home based business.
This is fabulous news!
Donald Trump and Robert Kiyosaki have both gone on record to praise home based businesses, particularly utilizing the Internet. The experts are saying that more millionaires are going to be made doing business this way than any other way at all. I don’t know about you, but if that’s the truth, then I for one want to learn as much as I can about this internet marketing way of doing business. If it’s good enough for “The Donald”, then I’m sure it’s good enough for the rest of us!
The future can be very positive if we just take the proper actions. I wish you every success in your endeavours during this economic recession. We can all succeed!
About the Author:
Jan Shimano was District Manager for Health & Welfare Canada for many years. She has also successfully represented clients at their Tribunal Hearings with the WSIB. She has had many years experience as a Nutritional Consultant and a Master Herbalist and is presently working fulltime as a
Business and Health Coach and an
internet marketer. She lives on Vancouver Island with her husband, Gerry.
