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Powerful Life: The Lost Writings of Wallace D. Wattles by Wallace D.
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Phones for Profit by Leo J. Quinn, Jr.
Chatteling 101:
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How to Get Any
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Less! by Leo J. Quinn, Jr.
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3 Powerful Tips for Profiting from Recession
- by Tony Mase
© Tony Mase - All Rights Reserved
http://www.constructivescience.com
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As you might imagine, I've been asked a lot of
questions lately that really boil down to "how do you make money in 'this'
economy?"
My answer is always the same...
The same exact way you make money in *any* "economy"!
It's that simple. :-)
Personally, I think it's a *HUGE* mistake to change what you're doing every
single time the financial wind blows, just as I think it's a *HUGE* mistake
to chase after "fads" and/or the latest "hot trends". With any of these, the
same exact thing usually ends up happening. Just about the time *you* figure
out what "it" is and how to "profit" from it, it's over with and once again
you're in the "wrong" business or profession.
That being said...
In my opinion, the best way to "profit" from this so-called "recession" is
to learn from it and apply its lessons in such a way as to never again be
adversely affected by one.
To that end...
Here are three powerful tips for profiting from "recession":
Powerful Tip #1 - Choose the *ONE* business or profession you want to be in.
When you think of Bill Gates, what do you think of?
Software, right?
When you think of Warren Buffet, what do you think of?
Investments, right?
When you think of Michael Dell, what do you think of?
Computers, right?
When you think of Donald Trump, what do you think of?
Real estate, right?
When you think of Sam Walton, what do you think of?
Discount stores, right?
When you think of J. K. Rowling, what do you think of?
Books, right?
When you think of Ray Kroc, what do you think of?
Fast food, right?
When you think of Wayne Huizenga, what do you think of?
Garbage, right?
When you think of Oprah Winfrey, what do you think of?
Television, right?
When you think of Tiger Woods, what do you think of?
Golf, right?
Besides having "a lot" of money, what do *all* these "rich" folks have in
common?
Simple...
They *ALL* made their "money", at least initially, in *ONE* business or
profession, the *ONE* business or profession they most wanted to be in, and
they stayed in that *ONE* business or profession regardless of what the
"economy" was or wasn't doing at any given time.
Need I say more? :-)
Powerful Tip #2 - Avoid speculation and debt.
There's an old saying in the stock market that goes something like this:
"The best way to make money in the stock market is not to lose any money in
it."
Well...
Along the same line...
In my opinion...
The best way to profit from a "recession" is to avoid being leveled by one.
If you stop and think about it, there are essentially two groups of people
who bore the brunt of the most recent financial "panic":
1. Those who gambled (which, unless you know *exactly* what you're doing is
what it really boils down to) in something they knew absolutely nothing
about (but, unfortunately, thought they did), usually in one of the
financial markets and/or real estate.
2. Those who lived on credit.
My advice?
Simple...
Don't you be one of them! :-)
Powerful Tip #3 - Develop multiple sources of revenue within your chosen
business or profession.
If you have only one source of revenue from your chosen business or
profession (a "job", for example) and that source of revenue dramatically
decreases or suddenly comes to a dead stop...
To put it bluntly...
You're screwed! :-)
Whereas...
If you have multiple sources of revenue within your chosen business or
profession and one or more of those sources dramatically decreases or
suddenly comes to a dead stop...
Though it may be an annoyance or inconvenience...
It's no big deal...
As you still have income coming in from your other sources of revenue.
Just as there's more than one way to "skin a cat", as they say, there's more
than one way to make money in *ANY* business or profession.
Your job, if you *really* want to profit from this so-called "recession", is
to find and develop them.
In closing, I'd like to leave you with this passage from an editorial
Elizabeth Towne, publisher of Wallace D. Wattles' classic masterpiece "The
Science of Getting Rich", wrote in the very early part of the last century
commenting on what was the most recent financial "panic" of her day at the
time:
"It is the man who lives on margins that goes down in the bad-times waves."
"While the man who deals out real benefits for the dollars he collects; who
lives within his means; who banks where it is solidest, not where wild cats
and high interest rates coax, and associates with those who do likewise,
finds himself standing on the rocks watching the wreckage of credit schemes
whirled by and down on the bad-times tides."
That was true over one hundred years ago...
And it's still true today! :-)
-----
Tony Mase is a serious student of the works of
Wallace D. Wattles and the publisher of the "Chatteling 101: The Beginner's
Guide to Chatteling" ebook by Gordon Jay Alexander...
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