Make money in a recession

Most people watching the doom and gloom in the media about the economic downturn and the inevitable recession may become accepting of the hard times to come over the next year. On the other hand demand for goods and services change with the relevance of the times so while one company is losing there will be another company who benefit from the turn around in the economy. So it can't be all doom and gloom.

It's more than ever easier for the rich to become richer and the poor to become poorer even to the point where governments are cashing in on the hard times by offering so called support by way of demanding a stake in the struggling business knowing full well when the economic crisis is over they will benefit immensely. Do you think they wil then return the benefits to Joe Public, fat chance! So coming out of the recession great gains will be made by those who basically leach upon the weak through the hard times. Here's how you may be able to cash in too by doing exactly what the socialist champagne swilling blood suckers do - don't think for one minute this will make you like them, it's dog eat dog so you need to look after yourself as no one else will.

Here's the difficult part, try and make and save as much money as you can while we go through the bad times, it will only last a year at most. Make the most of your money, this will become more and more apparent as the economic crisis worsens. Second hand goods will become more and more sought after so online auction sites such as eBay will be thriving so try trading on eBay to make extra money, under cut your rivals, making a pound is better than not making anything at all. Buy in bulk if you can to get items to sell cheaper. Start doing boot fairs, again second hand goods will be thriving. Think about other ways you can still earn a living - write lots of hubs! Get a free web hosting account and create Google AdWords account for yourself, there's plenty of free advice and tools available on the internet to build and promote websites.

Now for the tricky part, keep your eye on the news and stock markets. Share prices around the world have crashed to all time lows which means over the next year they will start to climb back upwards. Buying share at some point this year is a must. Timing is crucial, buy in too early and you could lose what you have managed to scrape together, buy in at the right time then you too can cash in on what makes the rich richer. I'm no expert financial advisor but even I can see there are good times to look forward to.

Other things to watch out for;

When the interest rates start rising make sure you have a fixed mortgage rate, those lucky enough to be on trackers will need to change as when the interest rates start going back up it will go a lot higher than before the economic downturn as the banking sector try to get back the money they lost throughout the economic crisis.

Jobs will still be harder to come by even after the recession as a lot of companies bail out of the countries which have had extreme financial downturn. Look for alternative incomes as a safeguard. You may think if the governments had put a stop to this in the first place then the UK for example would have kept the money internally and may not have been facing financial ruin, instead it appears we have been making corrupt third world countries richer and the possibility of the UK becoming a third world company in years to come is more likely than ever - we'll all be moving abroad to find work so be nice to the immigrants now!

However, In the event of consumer spending collapsing and the world completely losing confidence in the UK economy and total collapse of the sterling, would the last person leaving the UK please turn the lights off!