What To Do During a Recession To Make Money And Get Rich In 2023

How The 2008 Financial Crisis Changed My Life
What happened in 2008

In 2008, the world faced one of the biggest financial crisis in history.Despite this, many people who survived financially believe they can use the same approach during the current recession.Unfortunately, things are much more complicated than they seem at first glance, and that is why, during this video, I’m going to share with you a plan how you can escape from it and why the old world concepts are no longer applicable to the current recession.So, by the end of this video you’ll walk away with a master plan that you can use to not only survive but Thrive during the recession.Let’S begin foreign now, to give you a better understanding of why you should listen to me when it comes to the plan of what to do during an obsession.Let me start by sharing my own experience and how 2008 financial crisis changed my life.First of all, I lost everything: my offline business properties, my income and personal assets.

The Scariest Part About The Crisis Was That I Learned I Had

My bank accounts were frozen and I had millions in personal debt with no way to pay it off.I was bankrupt, however.The scariest part about the crisis wasn’t all the crap.I went through nor all the money I had just lost, or all the stress and anguish I was going through the worst part of the crisis was that I discovered I had no real skills when the crisis hit.I was 28 years old.I was building and running businesses for all my life.I was doing relatively well for a while, but unfortunately, the crisis made things change overnight.Nobody was building anything people were too worried and scared about the global economic situation.So no one needed my expertise.I was broke and I didn’t have the slightest idea about what I should do and for the first time in my life I felt fear not like the fear.You feel when you ride a roller coaster, but the kind of fear you experience when faced with something you don’t know how to overcome in the modern world now fast forward.

How to Make Money and Get Rich as a Content Creator in the Digital

Today I possessed at least 10 to 15 well-paying skills that I can sell to others, and I’m exceptionally good at at least five of them.Even if the world’s economy is on a brink of collapses is happening now, with all this raising Global inflation, I would still be able to make a living.Therefore, if you want to have a security and insurance during a recession, you need to learn a few high value skills that are current and that can be also in high demand in the near future.So the solution I’m going to present to you is a set of skills that have the potential to change your life.The world is evolving.Unless you evolve with it, it will eventually eradicate you.Alright, the first skill that I would like to talk to you about is content creation.Thanks to the internet content, creators today are making serious money on multiple platforms such as YouTube, Tick, Tock, Facebook, Instagram LinkedIn and others.

How to Create and Sell Your Own Content on Social Media Networks Even If

There are literally infant possibilities to create content to build following or to create content as a service to companies, helping them Reach more customers and make more money.You can even start a simple content creation business on the sites like Fiverr, where you can sell your own services and make hundreds of dollars per day.Now there could be a situation where some of the social networks suddenly close the doors or something changes.If that were to happen, you still have one of the best paying skills on the market that businesses will need more and more as everything moves online.So it doesn’t matter if YouTube closes tomorrow and no one will take away your ability to create valuable content for your audience, also an excellent way to protect yourself in case one platform decides to shut down.Your account is to build audience on multiple platforms.

How to Protect Your Income During A Crisis Or Economic Slowdown

Diversification is the key to finance and it’s also one of the biggest keys to protecting your your efforts as a content creator even more if you combine content Creation with another high-paying skill like video editing, I even have a video on my YouTube channel.That shows you how to do it.You can start to generate six figures per year from the comfort of your home, I mean the pandemic has taught us that generating income from home is one of the best ways to protect ourselves from crisis and recessions.According to recent studies, the probability of companies being affected by a crisis is one event.Every five years we call an economic crisis, a situation in which country’s economy undergoes a reduction in productivity, usually due to factor outside of our own, such as covid-19 or a war.But even if the economy will not going into crisis, the industry you find yourself working in could end up being replaced by new technology.

5 Simple Strategies To Survive A Recession

That’S how Uber ended up replacing cab drivers, but why is this recession so different from the 2008 crisis?It’S because we live in a different world today, most people do their shopping.A lot physical stores have gone from serving customers to delivering packages.Shoppers are looking for other kinds of conveniences when they buy products and services, and only companies that manage to adapt to their needs can survive in the marketplace.But even if consumers needs hadn’t changed, a good recession plan should allow you to generate income without leaving your home.Just think about this covid-19 showed how fragile our system is and forced us to evolve a society to avoid disappearing like the Roman Empire.That’S why the number of people working remotely has increased significantly in recent years, the more High income skills you have, the more likely you are going to be able to protect yourself from a recession.Another amazing high value skill to acquire is the ability to create offers.

How Email Can Help You Protect Yourself In The Recessions

Every single product or service you buy today because someone made an offer to you so while there is a whole science behind this high value skill – and you really need to learn the basics of human psychology, it’s something anyone can learn from reading a few books and Simply practicing it, for example, you could learn how to make an offer for your content creation service.It could allow you to experience results and get the feeling for it.Learning the skill of offer creation is how you can become truly Rich, regardless of the economy.It’S actually, thanks to this skill that I was introduced to in 2010, I was able to overcome my obstacles and change my life.It allowed me to build a seven figure per year business coming from Beyond nothing now.The fourth skill that will help you protect yourself from the recession is email.Marketing, according to a study conducted by McKinsey email, is still a more effective way to communicate with customers than social media.

How To Develop Your Skill Set Easily

So developing the ability to get the attention of your customers and clients is how you can build a real wealth online.I started with email marketing in 2010 and over the years I have built a nearly 90 000 subscriber email list, and this list is my biggest insurance policy against the recession or anything else, because I can always create an offer and send it to my subscribers.Every single time I do this, it makes me money so email marketing is an amazing high value skill to learn.Now, after hearing about all these amazing skills, you probably are wondering what should you do right now to develop your skill set now before I share my secret of learning new skills easily.Please hit that like button for me, so that others can discover this video and learn from it.Also, if you are not subscribed to my channel, please do that as well.

Practice Makes Perfect

Practice is the best way to learn a skill.You can watch hundreds of YouTube videos, but you won’t become good, let’s say at video editing unless you get into editing itself.In my experience, knowing how to balance theory and practice has helped me the most in developing my insanely powerful skill set having theoretical knowledge is necessary to understand how you should apply your skills.For example, if you have never edited a video before, you should absolutely watch a tutorial that teaches you how to use the software you plan to use to edit videos with right.However, as soon as you finish watching a tutorial, you shouldn’t stop there and put that knowledge into practice, because that’s when the real Learning Happens, things may not turn out the way you want them to be at first, but that shouldn’t stop you from trying.

Protect Yourself Against A Recession With Skills

After all, practice makes perfect now before I tell you about the next skill, I would like to discuss why skills are so important to protect you from a recession.As you may recall, the 2008 crisis left me with millions in debt.If you have seen videos about the lives of millionaires, you have probably heard about dozens of cases of millionaires who lost all their money and still managed to recover.But unfortunately the same is not true for lottery winners.Recent studies prove that most lottery winners end up losing all their money.Many people who get a large amount of money without developing a skill in the process end up losing it all lottery winners get their money through luck, that’s why they end up bankrupt when it’s time to manage their fortune and pay taxes.On the other hand, the richest people on Earth do not face this problem because they had to work hard to get their money.In other words, they learn how to make money before they had the money.

5 Ways To Build A Financial cushion In Order To Prosper In A Recession

So Financial intelligence is one of the most crucial skills to develop.You can use it to make more money or to protect your existing Capital during a recession living on barely enough money for your daily expenses can leave you unprotected in a crisis.That’S why you should learn how to build a financial cushion in addition to having a high income skill set that you can use to make more money.A financial cushion is a series of emergency savings, every smart investor or has in case things go wrong and you should develop those as well now, since Christ is never knock on the door when they come.You should always set aside some savings to deal with unforeseen events or setbacks without going into debt.Suppose you get laid off from your job tomorrow, how many months would you be able to survive without that?So, as an example, a good Financial cushion should help.

5 Skills You Need To Survive A Recession

You live between three to six months without working at all.This should give you enough time to get another job or use your skills to generate money.So if you are good at what you do, you will undoubtedly be able to recover financially having a high earning skill can help you survive any recession or crisis.Just like I survived back in 2008, but ideally you want to have at least five skills that you are really good at to really not worry about the recession at all and maybe even become rich skill.Is the new real insurance.Now the good thing about these skills is that they are complementary.For example, if you learn how to develop a sales funnel, you can convert your Tick Tock followers into customers for your business, or you can use new Zeals as a content creator to create an automated webinar and make serious money that way.

How To Develop The Skills You Need To Succeed In The Economy

There are so many ways to find the perfect skill for you, but these five that I have shared with you today is what allowed me to build the seven figure per year Business Online, starting from Beyond nothing all right.That’S it for today’s video.If you would like to learn how to develop your own, automated webinars or develop some of the skills mentioned in this video make sure to subscribe to my Channel right now.Also, please share: what are the skills you would like me to cover in one of the next videos, or maybe you can share what skills do you currently have that are protecting you during this recession, I’ll be reading all your comments below and respond as soon as Possible.Thank you for watching this pure girlie I’ll talk to you soon, bye for now.

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