How To Recession Proof Your Life In a Recession Ridden World.

Who is sick and tired of hearing about the recession? How about recession proofing your life so that it has no effect on you.

What is up with all of the negativity and doom and gloom?  Personally, I have to tell ya… If folks lived more within their means and stopped feeding the credit machine, we wouldn’t be in half of the trouble we are in.

Your work ethic, drive and stewardship will determine where you end up in times like these.  Here are some ideas that can help you through this journey.  This is my perspective so please don’t get bent out of shape if you don’t agree with my thoughts.

Get Paid What Your Worth

I think that most people settle for a mediocre life and settle for much less than they are worth.  To recession proof yourself it’s necessary to maximize your income and minimize your expenses.

Stop going through the motions and step it up to full capacity.  Meaning, start working harder than you have ever worked in your life. I think a lot of people cut themselves short of what they are actually capable of.  You will get paid in life the exact proportion to what you put into it.  You can also get paid in life whatever you ask of it.

Don’t be comfortable where you are.  If your comfortable, your not growing.  If your not growing, your dying.  Both personal and financial growth start with you and how you think.

One of the best coaches in business I ever had was a guy by the name of Campbell Haigh.  Campbell has been in the network marketing industry for twenty years and made it big in Amway.  He once told me “the only difference between a ditch digger and a multi-millionaire was the way that they thought.

After reading Napolean Hills “Think and Grow Rich”, I affirmed his teaching.

Cap Your Expenses

People are living way beyond their means.  For every $1.00 they make, the statistics say, the Spend $2.00. Stop trying to keep up with the Jones’s. Live within your means. If you cant afford to eat out, dont.  Try bringing lunch with you to work instead of eating out and feeding the vending machines.  This all adds up over time, and will keep money in your pockets if you can discipline yourself.  By all means if your making $10K a month, go for it, if not, delay your gratification and set achievable goals for the things you want, then buy them.

Have More Than One Stream of Income

This is a big one.  All Successful people have more than one stream of income.  To recession proof your life, your going to need to have more than one way to generate money.  Today, there are over 175,000 people a week getting into the network marketing industry and starting their own home based business.  Should one stream of income cease, you always have a backup.

Save 10% of Your Income and Tithe another 10% of it

For alot of folks during this recession, saving is tough, however it’s very necessary.  Put away at least 10% of what your making in a savings account.  This will create a safety net for you should anything happen income wise.  Your goal should be to sock away at least 6 months of income in the bank.

This next one is huge and most people miss it.  Take 10% of your income and Tithe it.  Yes I am a Christian and believe in the law of giving. The Bible talks about money and finances more than any other subject.  Why? God knew we would have challenges with it.  What you have today is a result of God blessing you with it.  Just as easily he can take it away.  It’s the law of reciprocity or sowing and reaping.  Test me on this one as I have seen it at work big time in my life. Be a giver.

Make Sure Your Not Giving The Government all of your Money in Taxes.

For most people ,they claim “O” on their W-9 form with their employer so that they get a tax return at the end of the year.  This is what broke people do.  I am no tax expert but I do know that because I have a home business, I get a lot more tax benefits that someone who doesnt have one.  I write off my home office space, Internet, all of my education, the cost of my systems, etc.

When I worked a job, I always claimed as many exemptions as possible on my W-9 and took the money that the government would normally take and put it in an interest bearing savings account.  The IRS does not pay you interest on your tax money.

There has never been a better time to recession proof your life.   Sure there are other strategies.  These are the ones that I feel are time tested and work like hotcakes.

P.S. To Partner with me in a business that is changing lives in one of the worst economies of our time, visit http://www.InternetWealthPros.com and fill out an application.

Be Sociable, Share!

• 

8 Responses to “How To Recession Proof Your Life In a Recession Ridden World.”

1. Recession Proof Your Life. | Business, Money, Entrepreneurs, Make Money Online, Internet, Marketing, Employees, Jobs, Tips says:

   October 31, 2009 at 6:34 pm

   [...] To Learn More FREE Info on how to recession proof your life, click here -> Recession Proof your world. [...]
2. | macsearch66.com says:

   October 31, 2009 at 7:56 pm

   [...] To Learn More FREE Info on how to recession proof your life, click here -> Recession Proof your world. [...]
3. Tweets that mention How To Recession Proof Your Life In a Recession Ridden World. | Internet Marketing Consultant | The Maui Marketer -- Topsy.com says:

   October 31, 2009 at 11:00 pm

   [...] This post was mentioned on Twitter by Josh Boxer and Ernest R. Schultz, Max Alter. Max Alter said: How To Recession Proof Your Life In a Recession Ridden World …: To recession proof your life, you must: Get p.. http://bit.ly/MLPRa [...]
4. Why Do 97% Fail In Network Marketing? | Internet Marketing Consultant | The Maui Marketer says:

   November 8, 2009 at 6:10 am

   [...] Lack Of Capital [...]
5. 6 Crucial Areas To Work On To Become Massively Successful In Network Marketing. | Internet Marketing Consultant | The Maui Marketer says:

   February 27, 2010 at 3:55 am

   [...] Be a solution provider and a problem solver. Paid Marketing [...]
6. Tub Chair · says:

   November 9, 2010 at 1:04 pm

   it is a good thing that we are almost out of recession, the economic recession really sucks *
7. admin says:

   November 10, 2010 at 9:41 am

   Out of the recession? Are you kidding me? We have not even seen the tip of the tip of the iceberg. We are FAR from being out of a recession.
8. Recession Proof Your Life. | Economy Issues says:

   September 28, 2011 at 1:17 pm

   [...] To Learn More FREE Info on how to recession proof your life, click here -> Recession Proof your world. [...]

Leave a Reply

Click here to cancel reply.

Name (required)

Mail (will not be published) (required)

Website