Recession Race for Riches by Master Resale, Rights ., . ., . . (e books free to read .TXT) 📕

by millions of people around the world.

 

 

Those who want to invest in gold are the people who are really determined to become rich. Among the best means to prove this claim is by considering the way that the richest men and women of the world got all their money. These people invested their money in gold once and most of them preferred to keep on investing their money in gold.

 

 

These are just some of the reasons why most people became rich as they invested their money in this precious metal. So perhaps, gold is indispensable in most industries. This might be the right time for you to make an investment and choose gold. What you need to do is to begin purchasing small coins or bars of gold.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-15-

 

 

Chapter 5:

 

The Tricks in the Recession Races

 

Synopsis

 

 

 

Recession always results in a race and winning on it will lead to a better life. To survive and beat all hurdles to achieve success, you know that there are certain things that you need to do to attain your goal. However, taking precautionary measures and knowing what you should never do when there is a recession is also important. The following are the five things you should never do so that you can win the race:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-16-

 

 

Tricks

 

 

Cosigning a loan – doing this is just like putting yourself deeper in the hole of economic deficit. In the event that the borrower of the money fails to pay his or her debt, you will be the one to pay that. When the economic condition is not good, the risks related to loan cosigning can be even more because it might become a reason for you to lose your job so both you and the borrower will not be able to make payments at all.

 

 

Obtaining an adjustable rate mortgage – when buying a home, there are some people who choose the adjustable-rate mortgage or ARM. In some instances, this action might be advantageous. As the amount of interest is low, the amount to be paid per month would be low at the same time. On the other hand, what if you lose your job and the interest rate of the mortgage went higher while the recession begins? While the rate increases, the charged amount you need to pay every month might also go up. In this situation, you may find that it is really difficult to look for money so that you can pay your obligation. Always bear in your mind that overdue payments and non-payment could have a huge impact on your own credit rating. This could prevent you from getting loans in the succeeding months.

 

 

 

 

 

 

 

 

 

17 -

 

Taking on additional debt – asking for a new loan might not be an issue when you are capable enough to make payments for it. You can apply for it as long as you have a stable source of profit. On the other hand, what will happen if your source of living is affected by recession? What might happen to you if you lose your job? In most cases, unemployed individuals take the job opportunities with lower salary rates than their previous jobs just to sustain all their needs and to have money which they can use to pay their obligations. Unluckily, the amount to be earned is completely too far from the amount they earn from their previous jobs. When it happens to you, all your savings will be lost. So, if you are planning to get another loan today, think about it first and consider the possible consequences that may happen in case you lost your job. Taking new debts when there is an economic recession is full of risk and you have to be careful about this.

 

 

Being careless in your job – during a recession, you have to realize that the companies, particularly the larger ones might be under the influence of financial pressure. When it happens, most companies will try to lessen their expenditures as much as possible. In other cases, they may result to scaling back to the operations of the company, like holiday parties. Sometimes, companies prefer to cut the bonuses they pay and the worse is that they are forced to terminate other employees so that the company can survive without having too many expenses. This is one of the strategies of the companies today as they know that

 

 

-18-

having more employees will bring more expenses for them. As the employment status throughout the recession might be extremely sensitive, employees like you should do everything that you can to ensure that your employer will consider you as among the most valuable employees of his or her company. You can do this by coming to work early, spending more hours working and performing all responsibilities properly. As there is no guarantee that it could save you, it will be the qualities that your employer will appreciate from you.

 

 

Taking risks while making investments – the owners of business are always thinking about their business and its future. They tend to look for ways to make their business grow. On the other hand, recession might not be the right time to invest. A good example of this is taking a loan to provide an additional space for products. What if your business fails to develop? Would you have money to pay the loan on time? When it comes to investment, you should be careful and you need to consider the probable consequences that you may experience when this situation happens.

 

 

 

 

Free and paid bitcoin mining http://bit.ly/2TC9gxg

 

 

 

 

-19-

 

Chapter 6:

 

How to Always be the Killer Winner in Recession

 

Synopsis

 

 

 

Recession is a race and everyone is aiming to be the winner. To make sure that you will be able to achieve your objective, you need to make sure that you are the “killer winner” in the race. Here are 7 tips that you can follow to be sure to win the recession race:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-20-

How To Be The Winner

 

 

Concentrate on opportunities and make contributions.

 

 

 

Look for the most effective means to make yourself be more productive in your job. Try to do more things in less span of time. Whenever you go to work, always make sure that you will be able to finish everything that you need to do for that day.

 

 

Make your own self be more valuable and you can do it by learning more through education. It might be the right time for you to enroll in an MBA program or study in a law school. These are good options for you, especially if this is your dream. Financial assistance programs for education are always available and you can apply for these whenever you need to.

 

 

Stay positive and ignore those people who think negatively. Always believe that your own destiny is different and there is something good that waits for you in the future. The influence of the people around you matters but they are actually not necessary.

 

 

Develop the core of your strengths. When you find that it is hard to look for a good job within the marketing management industry, you may proceed to other related fields such as salesperson most especially if you are good in this.

 

 

 

 

-21-

Always keep in mind that some people will grow and achieve success while others will remain in the same way they were before. During a recession, you will see some people who are savvy and hard working and they can do more compared to others as they believe that they can do everything to save their jobs.

 

 

Everything happens for a reason and the economy is not an exemption to this rule. Sooner, recessions will happen but this will not be permanent. All you need to do is to make sure that you are prepared to face this economic situation.

 

 

During the times when recession conquers the economy, people tend to concentrate more on retreating and cutting losses. Instead of this, you should focus on dealing with it, beating and making sure that you will win.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-22-

 

Chapter 7:

 

How to make Triple Your Money in Recession

 

Synopsis

 

 

 

 

Economic recession might be a scary situation but there are ways to face and overcome it. The first thing that you can do to fight recession is to do everything that can to earn more income. The main thing here is to take advantage of this situation and do everything you can instead of allowing yourself to be the victim. In fact, there are ways to make more cash even when the economy’s condition is not good. Here are the steps you need to follow to make it possible:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-23-

Triple It

 

 

 

Odd jobs and look for online and home-based jobs. These are among the best means to earn additional income. Everything you do where you can get additional income would help you a lot in overcoming recession. Inside the economy where all people are looking for the ways to save money, it will be better if you will use your skill to make goods or offer services that can help other people. When it comes to recession, offering peculiar job opportunities to your friends, neighbors or family could be a great way to make and earn extra income. Expenditures are inevitable even when the economy is under recession. When you have spare time after work, you may look for the freelance jobs available on the web. These opportunities will let you make more money, which could be more than your regular salary.

 

 

There is a fact that some people are forced to sell their personal items because of the lack of stable source of money. This is the outcome when people lose their jobs. There are several people who are willing to vend their personal things like gadgets at cheaper prices for the sake of their urgent need for money that is triggered by recession. If you have some spare cash and you want something to buy, this could be the right time for you to do so especially if you know that somebody is selling the item you want. However, buying items which you do not really need yet would not be helpful if you feel the effect of recession. You

 

 

 

 

-24-

should bear in your mind that you need to make more money and spend less of it.

 

 

 

In recession, working extended hours might not be the best choice for everyone. For those people who are willing to do it, they will be able to make some additional money that they can add to their savings in the long run. When you are recently employed and you get nothing for your overtime, then it is not the option for you. It would be better if you will look for the career opportunities that will let you make and earn income. Making an effective financial plan is among the strategies to make more money even when there is an economic recession. Just be sure that you are aware of the ways that will really generate income so that you can focus more on attaining your goal.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-25-

 

Chapter 8:

 

The Secrets and Tips for Recession Race

 

Synopsis

 

Economic recession might be a usual aspect of the economy but it doesn’t mean that dealing with this can be done easily. There are more people who suffer from this in some countries around the world.

 

 

As there are more problems associated with the industry of real estate economy and there are more people who lose their jobs, people start to worry about the possible things that may happen in their lives. When you have a good and stable job, recession will not be a big problem in your case but it doesn’t mean that you just have to relax and do nothing about it.

 

 

When there is an economic recession, people might be affected in different ways. The way you will survive from this will depend on the way you deal with it. Here are the