We are in the worst global recession in 80 years. During times like this people feel the bite of an economy that is crumbling from too much government debt, government spending and general manipulation for the sake of special interests that buy politicians of every stripe.
So what can you do?
Well, a thousand financial self-help books can be boiled down to one fundamental principle: there are only two ways for you to have more money – spend less or make more.
Spend Less: pinch pennies, cut back, do less, experience less, etc. I’m an advocate of minimalism and I truly believe that having more “stuff” in your life is no pathway to happiness and fulfillment. But trying to cut all your expenses is a finite proposition. There is only so much you can cut before the quality of your life suffers. You reach a point where no more cost savings can be had. That’s a mathematical law.
Make More: I prefer this option because, for practical purposes, it’s not finite. How much better would your life be if you had $500/month more? Or $2,000/month more? Or $10,000? That is what can be done with a part-time Internet business. I’ve done it (full time) for ten years and so have thousands of regular people all over the world.
We are living through a period of the most rapid rate of change humankind has ever seen. It’s very easy to feel the pain of that change – but can you see the opportunity in it? Can you see how the ability to earn a living is being transformed? I hope you can because that’s why I started IndividualCapitalism; to assist people in making a transition from a condition of turmoil and scarcity to a condition of stability and prosperity with maximum personal freedom.