Just In Case; Recession Proof Your Life, Blog, And Finances
Filed Under: Making Money
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photo credit: Mars Hill Church Seattle
The definition of a recession is when there is a decline in gross domestic product or negative real economic growth for two or more successive quarters of a year. Some predictors of a recession are stock market drops and an increase in unemployment.
Experts argue whether we are in a recession or heading into one. Some even feel this is just a correction of the economy and housing market, resulting from the sub prime mortgage crisis. Never the less businesses are tightening their belts. Budget cuts and layoffs are all around us.
So what can we do? Well we could just keep on spending to stimulate the economy. Although I’d rather play it a little safer and use this as an opportunity to examine my financial habits. This might be a good time to take stock and spend a little less and try to earn a little more.
The free wheeling days of people taking equity out of their homes and buying things they don’t need may be gone. But there are still plenty of money making opportunities out there. Chad of CDF Networks recently created this post about CPA offers to run in a recession.
Hopefully common sense will prevail and this recession will just be a bump in the road and an opportunity for people to make better decisions with their finances in the future. Instead of panicking let’s focus on being a little smarter with our futures.
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Top affiliate programs | Apr 14, 2008 | Reply
I was reading Google adsense has lost a huge amount of revenue because the mortage industry accounts for a large portion of their revenue. I noticed a lot less clicking and a lot less paying out per click the last few months on Google Adsense. I think its cause people are less likely to buy things so less likely to click and stores are less likely to spend advertising so lower keyword bid payouts.
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ben okoye | May 10, 2008 | Reply
hello emma,
you have a very nive blog and useful information.thumbs up man.please how can i create a wordpress blog like yours?i anticipate a reply from you soon.
Scully | May 24, 2008 | Reply
I was discussing the recession with a friend the other day and he came up with a great measure of your wealth: basically, it’s the number of days you could survive without being paid.
I reckon I’m 7 day wealthy!