How To Make Money In Recession

After the recent economic turmoil, a large number of people are drowning in the sea of debt, and are looking for a viable way to come out of it. Fortunately, there are several debt relief programs that may help you clear the debt such as debt consolidation, debt management, debt settlement, and so on. But among all, the most popular way to pay off the exiting debts is to hire a debt consolidation service, where the credit counselor helps debtors to consolidate the high interest debts into a lower interest loan.

There is no doubt that getting free of debt should be on top of everybody’s financial priority list but in the recent unfortunate recession, due to the troubled economy, saving an emergency fund has become even more important than paying off the debt.

When you pay down a sizable amount of debt, you will most likely not have much cash on hand in an emergency fund. Undoubtedly you will be broke down until all the debts are paid off no matter how much you earn. Now in this situation, if any emergency arises, people will generally use their credit card again in order to bail themselves out of debt.

But the problem is, in the recent economic downturn, many credit card companies have changed the rules. They are cutting credit lines, canceling accounts, and rarely issuing new cards to anybody with preexisting debt. So it is to be noted that relying on a credit line for emergencies is not safer any more. We can put it in another way as well. For instance, if you use all your balance of credit card towards clearing the debts, then you will not be able to use that credit if you lose your job in near future.

So for the time being, it is better to make minimum payments towards the debt and save the maximum amount in a high yield savings account. According to Suze Orman you need eight months of living expenses. If this target seems to be too high, then start aiming to save for one month, then three, then six and finally eight. Aside from this, you can also determine the exact amount that you need for an emergency fund.

Thus, it is to be concluded that diverting money from paying down debts into an emergency fund will help you manage your fiscal situation during job loss. Again when things will turn upside down, this emergency fund will also help you focus on debt reduction as you will be having adequate cash to clear the debt.

In this  post, I will share on Ryan Moran Etycoon review, which is one of the best internet marketing product I ever bought. Click here for the main website. I bought Etycoon back in Feb 2010 after a webinar by PotPieGirl Jennifer and Ryan Moran for the price of $997. This is a very different course from your normal internet marketing programs in the sense that you can skip all the hard work of finding a niche, creating a website with content, doing backlinking and testing offers to generate a sale. It’s almost like getting to first page of Google rankings and tons of sales instantly.

In fact, all the above are done for you and you literally are buying an income producing asset. Think of it as buying a piece of real estate and renting it out to collect a passive income month after month. You will learn how to buy websites which are already generating an income month after month without yourself doing any work at all. These websites typically sell for 8-12 times the monthly income, which means your ROI is about 100% in less than a year. Now, I can’t think of any other investment that can give you a 100% ROI in a year, without doing anything yourself.

Ryan Moran Etycoon will also teach you a sneaky method on how to buy undervalued websites which cost pennies on the dollar, guide you on how to “fix it up” so you can flip for a lump sum or hold on the website and add it to your portfolio so as to generate a monthly passive income on autopilot.

One of my favourite module is called the “Local Tycoon” because after applying the technique, I was able to get my new website created from scratch to rank #1 on Google, above a high authority PR7 aged website, and get thousands of unique visitors  a day and generated over $260,000 retail sales in just 5 days!

With this success, I went on to build several niche sites with of one them giving me a monthly income of over $900 and investors wanting to buy my website for $5000, which I politely declined. Click here for more details on Local Tycoon.

If there is one negative aspect of Etycoon, that will be the price of the product, which costs $997 for the main masterclass. This course may not be suitable for you if you have cashflow problem. Initially, I struggled to buy the course due to the high price but the thought of skipping all the hard work of finding a niche, building backlinks and getting monthly income without lifting a finger, has helped me made the choice. The fact that I have made thousands from just the “Local Tycoon” module has already paid many times for the course itself. I hope this eTycoon review have give you a better picture of the course.

FREE Bonus: 14 Market Niches of High Volume/Low Competition Keyword phrases ready for you to build niche sites and flip for a lump sum, and Bonuses (Worth $2184 Retail Value) Given To You FREE if you Buy Etycoon through my link here. Just email me your Etycoon receipt to info@thomashoi.com and I will email you your bonus immediately.

Do leave me a comment if you have any questions about Etycoon.

Coming in 31th March 2011, Robert Kiyosaki “An Unfair Advantage: The Power of Financial Education” latest book will be launched to the public. In fact, about a year ago , Robert has already filmed a documentary on An unfair advantage and has received worldwide comments and rebuke as usual. Basically, it’s saying that the old rules of money, that is saving for retirement doesn’t work anymore since the federal bank which is not owned by the US government is printing money faster than you work.

One of the important unfair advantage is that savers are losers and debtors are winners! This is because the federal bank has been printing money to solve all kinds of problems, so your money is losing value as the days passed. The solution is to get appropriate financial education and buy assets that generates cashflow month after month without using your own money. So you should try your best to get into debt? That’s half truth.

According to Robert, there are good and bad debt. Good debt put money in your pocket and bad debt take money out of your pocket. For example, if you get into debt for an investment where the returns are much higher than the interest rate of your loan, this is consider a good debt. Right now, it is possible to generate $10,000 a month from stock trading through an unknown loophole. Click here for more information. Bad debts are investment that does not give you any returns, like your car, yacht or holiday houses.

However, in order to find good investment that will offer a higher return than your loan interst rate, you need to have a solid financial education and this is what Robert Kiyosaki’s An unfair Advantage book is all about. It will give you some case study of what Robert himself have done to achieve his financial freedom. If you are depending on your 401k savings for your retirement plan, you may be in for a rude shock since your 401k may not have enough money to pay you when you retire.

The recent financial crisis where billions of loan are “thrown” to bail out banks has proven what Kiyosaki said in the past.. that if you don’t plan for your retirement through a passive income vehicle, you probably will have to work till the day you expire. Click here for more details for Kiyosaki Unfair Advantage.

I will be doing the Matt Carter Rapid Profit Formula Review in this post. I went through the product page and knew that Matt is really helping newbies to start making money online through an unknown “loophole”. He teaches a system to help you setup websites that can easily ranked on first page of Google in a record short period of time, often in a couple of weeks, depending on the competition of your niche.

He uses an underground method that will “force” Google to rank your website on first page even without any backlinks. I know this is crazy since you were taught about backlinking to your website since your first day of exposure to internet marketing. I would like to say that backlinks to your website is still important, but if you just use this simple method that is taught in Rapid Profit Formula, you will need minimal backlinks to crush your competitors in any niche.

Now, I have built websites using methods taught in Rapid Profit Formula and have achieve monthly income of more than $1,000 for just one of my website. I knew the strategies works, but there is one problem. You will have to do market research yourself to find “money keyword phrases” that have high search volumes but low competition. This is the most crucial part of the entire system, because if you choose the wrong keyword phrase, you can say goodbye to the entire system. Now, if you have not made a single cent online, this could be a big problem for you and you may need to setup a couple of “failed” websites before hitting the “Right” one that is going to give you several hundred dollars a month.

However, there’s a shortcut to overcome this learning process. What if all the market research is done for you and the “money keyword phrases” is handed to you without you doing anything? I will give you 14 niches of market research report complete with keyword phrases of all the low competition & high search volume, and even teach you how to pre-sell to your target audience. This will be my FREE bonus to you if you buy Rapid Profit Formula through my link here.

Just email me your clickbank receipt to info@thomashoi.com and I will email you your bonus right away.

Let leave me a comment if you have any questions.

Is World Ventures Scam? I will share with you some details on this network marketing company. As of this writing, I’m not a distributor for this company, so it’s fair for me to give an unbiased review.

World Ventures LLC was started in Dec 2005 and the main product is quite different from your normal health supplements, weight lost, skin care and other nonsense. World ventures is dealing with the travel industry, an ever green industry that involves in selling tour packages.

From this alone, you know that world venture is not a scam as they are selling a real product, which is quite rare in the network marketing industry. You can say that the travel industry is worth trillions of dollars and is a much better choice as compared to your tradition network marketing companies.

The problem, however is that the way that the distributors uses to market this opportunity. They are still using the traditional way of cold calling their friends and relatives and get them to sit through a boring 45 minutes presentation on what the opportunity is about.

Needless to say, the distributors target the wrong crowd as their friends are not ready for business. It is easy to find the right prospect who are open to the business opportunity if you know how to leverage online marketing to get people to sign up even without meeting them face to face.

I explained how I managed to do this via my $1000 a day post.

Feel free to leave me any comments.

Before Oprah Winfrey leave for her own TV Show in Jan 1st 2011, she has a good surprise for everyone – Oprahs Favorite Things 2010 has wowed many of the audiences and her fans. This is an entire list of Oprah’s favorite things:

1.  A Course in Weight Loss by Marianne Williamson

What’s the connection between weight loss and spirituality? New York Times best-selling author Marianne Williamson answers that question in A Course in Weight Loss, featuring 21 spiritual lessons for surrendering your weight forever.

The lessons in this book will help you shift your relationship with your body and focus not on how quickly you lose weight but on how holistically you lose weight. “We all know that it’s a spiritual issue to help you get your mind, body and spirit aligned,” Oprah says. Get ready to begin a new relationship with food…and with yourself.

2. Nikon D3100 Digital SLR Camera

It’s the device Oprah calls “the ultimate camera from the ultimate camera-makers.” The Nikon D3100 has all the bells and whistles a camera pro would want—including hi-def video—but it can also be a simple point-and-shoot. “May I say,” Oprah says, “it is one sexy camera.”

3.  Andre Walker Hair Care Products

She’s had hundreds of different hairdos over the years, but one thing that has remained the same, season after season, is the man behind Oprah’s mane: Andre Walker. His new haircare line, which is designed for all hair types, is the only thing Oprah uses. “It took him 25 years, but Andre’s finally bottled the magic just for you,” she says. This ultimate gift set includes keratin shampoo, keratin conditioner, shine-enhancing Q-oil and root-covering hair makeup.

4. Breville Panini Press

“This is a staple at my house,” Oprah says of the Breville Panini Press. Whether she’s using it to grill or making Stedman her original Love Sandwich, it’s clear Oprah loves this classic favorite thing. “I have personally bought 22 of these as gifts for other people,” she says.

Get the recipe for Oprah’s Love Sandwich.

Now, with a 25 percent larger cooking surface, this model of the Breville Panini Press can accommodate up to four sandwiches at once, making it perfect for casual entertaining and quick weeknight meals. It also features an adjustable top plate, nonstick cast aluminum, variable heat controls and a variable angle grilling surface.

One of the ways to make money online is by doing forex trading where you can trade at the comfort of your home. In recent years, many tools such as forex robots that promises automatic trading has appeared… but as you have found out, it causes many people to lose tons of money.

Today, I will be sharing with you an interesting tool that can help you to live off your forex trading income. Many Copy Live Trades reviews have shown that this is the real deal because 28,240 Pips has been achieved in only 16 Months and is not based on any robot software.

If your main problem like other traders is getting inconsistent profit that you deserve, then you have to check out this underground trading system which involves two traders, each with over 15 years of experience, that have just destroyed the idea that forex robots actually work.

They’ve founded a private LIVE trading room and racked up an astonishing 28,240 pips in just 16 months.

See EVERY single trade here…

–> http://www.howtomakemoneyinrecession.com/blog/copy_live_trades_reviews

And here’s the IMPORTANT thing…

- You don’t need any prior experience in trading Forex.

- You don’t need any previous technical knowledge.

- You don’t need to give up hours of your valuable time.

This is so raw and NEW it’s going to shock the
hell out of you. I’m being deadly serious.

Watch this quickly right now (whilst it’s still online)…

–> http://www.howtomakemoneyinrecession.com/blog/copy_live_trades_reviews