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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
In times of economic downturn and recession, many people find themselves struggling to make ends meet. Unemployment rates soar, businesses close down, and people are left wondering how they’re going to get by. However, there are always those who manage to thrive even during a recession. These people know that there is money to be made even in tough times, and they are willing to put in the effort to make it happen. In this article, we’ll explore some strategies for how you can get rich during the recession.
Investing
One way to make money during the recession is by investing. When the stock market is down, there are a lot of opportunities to buy stocks at lower prices. If you know what you’re doing, you can invest in companies that are likely to rebound once the economy picks up again. Additionally, it’s a good idea to diversify your portfolio so that you’re not putting all your eggs in one basket. Consider investing in bonds, mutual funds, or real estate to spread out your risk even further.
Starting a Business
Another way to capitalize on the recession is by starting your own business. Sure, it might seem counterintuitive to start a business when everyone else is struggling, but the truth is that recessions can create opportunities. For example, during the COVID-19 pandemic, many people started online businesses to meet the demand for remote work and online shopping. If you’ve got a good idea and the drive to make it happen, starting a business could be a path to riches.
Education and Training
Sometimes, the key to getting rich during a recession is simply having the right skills and education. If you’re currently unemployed or underemployed, consider going back to school or taking courses to improve your skills. There may be fields that are still hiring even during the recession, like healthcare, technology, or education. If you can get the education and training you need to work in one of these fields, you may be able to secure a high-paying job.
Frugality
Finally, it’s important to remember that one of the easiest ways to get rich during a recession is by being frugal. This means living within your means and cutting unnecessary expenses. It might mean downsizing your home, buying a used car instead of a new one, or cooking your meals at home instead of eating out. By saving money on the little things, you can free up cash to invest, start a business, or get the education and training you need to advance your career.
In conclusion, getting rich during a recession is not impossible. It takes hard work, dedication, and a little bit of luck, but with the right strategy, you can come out on top. Whether you choose to invest, start a business, get an education, or simply be frugal, keep your eye on the prize and stay focused on your goals. With persistence and determination, you can achieve financial success even during tough economic times.
you basically demonstrated the the current economy's structure is a fraud designed to rob the middle of class of its freedom.
Thank You
25 years old here, zero education, no parents growing up.
I turned 1.8k USD into 4.9k USD investing into btc.
And that is just one of my trades I have made money on, never sell your stocks or your crypto.
Accumulate is the game.
3 to 6 month Emergency fund first before investing
Realistically, how much money do you need to start investing? Like could I start with $100?
Yes teach me
It's greedy people like you why there is so much poverty and misery. You live for free off the land rent without producing anything of value. You extract value from hard working people. And now you want to use this collapse in the market to consolidate your wealth some more.
Your awesome, thank God I found your channel you give some great advice. I have to admit most of what you provide I had no idea. Thank you
But everything costs so much. Real estate thru the roof. Only rich people get richer
So how and what do
We invest in?
if it doesn't go up you're screwed, the idea is how long can you last before the investments turn?
exactly what I did in April 2020 once it started going up. Doubled my value by the end of 2020.
Let us know when you declare bottom of the market
If it happens this will be the 3rd crisis I've seen and I'm 21
anyone can invest you don't need alot of money just be consistent
i understand ty for your help 🙂
What a bunch of bullshit
3 to 5… I'm a millennial and I've already seen over 5 in my short lifetime…
What are we to invest in
❤
God bless you girl ❤. I’m a single mother and 50 years young but your posts encourage and challenge me to take action over my finances. Even though it’s one income I can still do something thanks again
i like her but wish she would drop girly
And what are we investing into? Index funds or Roth IRAs?
even as kids, we were told this about the Depression – that rich people became richer because they bought things at low prices
I can't invest. Well, I can, but it's not in a good way. I have to invest in my ex-wife. At the end of the month what I have left in my bank account automatically has to go to her. Sometimes I have to skip bills to make sure there is enough in her alimony and 'essential living expense' while I have to share a bedroom in a basement with another guy for $1200/mo. Also I can't leave the city where I live and $1200 was the cheapest rent I could find. I can't even afford a car so bus pass it is.even my roommate says it's messed up.
Poor
Already seen: 2000, 2008, 2020 and I’m not even 30
This is intentional , and this is how the keep making money on everything
Buy low, sell high. That's what's she's saying.
My plan for the next recession will be eating the rich. Poverty only benefits one small class of people. So much, in fact, that they want poverty to not only stick around, but for it to grow so they can accumulate more plunder.
❤❤❤❤❤
Poor people who received money through their pension and invest it. The market calls it a downturn and wipes out all the money at the time those folks are ready to collect.
The problem with her videos is that she is speaking to specific people. What about people making 50-60k, with student debt, working 2 jobs, etc? How do they invest, save, etc.?
Your videos are depressing cause I’m poor