How to Make Money in a Deep Recession
The U.S. based National Bureau of Economic Research (NBER) defines a recession as “a significant decline in economic activity spread across the economy, lasting more than a few months, affecting personal income, employment, industrial production, and sales.”
In a severe recession, almost all aspects of the economy suffers. If you have a job, you could easily lose it, if you have a business; you are probably making fewer sales and making less money. As the economy continues to worsen, more and more people fall into financial despair and need to make extra money to make ends meet.
People spend a great deal of time and money trying to learn how to make the extra cash online. And to many of these folks, it often seems that the only people who actually earn extra cash from home are those people that sell you information on how to make extra money. Fortunately that isn’t the case, there are several ways that you can make some extra cash, and if you do it right and make a commitment to it, then you might just find that you can do it full time and make a great living.
One of the easiest ways to break into making money from home is to use the Internet. There are plenty of places where someone just starting out can make extra money. One of the easiest ways is by using the extra stuff that you have lying around your house. If you are anything like the rest of us you will have plenty of stuff stuck in boxes just getting old. You could take these things and put them online at eBay. It’s true what they say, that one man’s trash is another man’s treasure. Fortunes have been made selling stuff on Ebay.
Another way that you can earn extra cash from home is to fill out online forms and surveys for cash. There are plenty of online businesses that are willing to pay you money for your opinion. You probably aren’t going to get rich from doing surveys, but if you get in with the right programs you can earn some extra money on a regular basis. And when the economy is in a deep recession, sometimes, that is all you need until things improve.
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Jo Mark
Is your new year starting off to a good start? even with the economy in this deep recession?
i lost my job over the summer, due to hour cuts and less kids at the daycare. it has been difficult. lol. i’ve heard some people on here and they say that people should not complain about losing money due to the economic crisis or losing their job.
i also think until it is you- don’t complain that another is complaining or whinning about losing their job, or not making enough money to live off of, once you lose your job, and money is tight, then it won’t be that the person is so pathetic- it will be you feeling the suffering as well.
the main reason our economy is so bad is because of people’s greed, and people’s inability to care of others.
SDD do you have ADD i don’t think it is someone’s responsibility to sympathize or empathize with me- i think a good, caring, and understanding person would- not to just say get over it, and move on-
one of the main issues with our world today is people being very selfish, rude, and cruel-
if you don’t like the question- don’t respond- i don’t have time for rude answers- i will report rude answer- that don’t answer the question!
well there is an agenda behind it- there will be no middle class- even with obama-
If you think it is someone else’s responsibility to empathize and take care of you, I can imagine you’d feel that way.
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It all depends on how we take care of ourselves in the economy recession.
Don’t have to live like a rich person anyway, just live as a middle class person & then budget the money for the rest of the days in order to get a job to survive again.
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I pray that in the coming year, your circumstances change. It WILL get better.
I have to say that even with the recession, I’m grateful to how my new year is beginning. I know that I have student loans that are growing as the new semester starts, I know my student employment is being cut because of university budget cuts, and yet I’m still smiling – I’m working my ass off to get a good degree to pay things back and better myself, I have a family who supports me emotionally, if not fiscally, and I am incredibly blessed to have a boyfriend who loves me unconditionally, pushes me to do my best, and supports me through everything – even as he works through school himself!
It’s work, but I know 2009 will be a good year. Have faith!
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I have been very fortunate for the last several years, not because I’m making a lot of money, but because my job situation has gradually improved; because my husband and I live frugally; and because, back when we did have a little money, we made a plan that we have followed closely which allowed us to survive these tough economic times. About eight years ago I was divorced from my first husband, and I received a sum of money from the sale of our home. That money was used to move to an area with lower real estate prices, where I was able to buy a house outright for cash, put a few bucks in the bank, and get a supermarket job (part-time) that pays the bills. My second husband is an excellent planner (he’s been predicting this recession for years and years) and as long as we don’t go overboard, we can live fairly comfortably within our means. He works, too, of course–part time. We don’t have a fancy house or anything expensive, but we are able to keep what we have by taking care of what we have and not overspending.
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