How to Make Lots of Money During a Recession. Is it difficult? Or is there an easy way? A recession is possibly the best time to launch a new business or to expand an existing one. It’s also a great time to get ahead in your career. This sounds counter-intuitive, so let’s explain.
First, the media goes nuts during a recession. They turn a little bit of negativity into a mountain of pessimism. This makes a lot of people financially paranoid. People become socially conditioned to expect the worst.
If you buy into this social hysteria, you become a victim too.
But if you tune out such stupidity (not watching TV helps a lot) and maintain a grip on rational thought, you’ll see some amazing opportunities popping up everywhere you look.
During such times people get scared and start cutting back on expenses. They cut some of the fluff from their lives. They stop buying so much stuff they don’t need.
We also become more sensitive to receiving genuine value. When we spend money. we want to make sure we’re getting a fair deal.
Consequently, businesses that provide genuine value can actually do better during a recession. More people will flock to those businesses in tough times, while the fluff businesses will become more and more paranoid.
A lot of people have been learning that job security doesn’t mean much these days. Many people learned this lesson last month when they lost their “safe and secure” jobs.
