This secret is legit because the method is proven and tested. There are many ways available out there to survive recessions and thrive afterwards, and one of them is the entrepreneurship way. There are 4 steps you need to do if you are serious about surviving recessions and thriving forward this way.
4 Strategies for Maintaining Financial Stability During a Recession
- Do something to earn yourself a regular income. Regular here means you need to secure daily, weekly or monthly income. This money is crucial to ensure that your monthly commitments are being paid on time each month. Once you do this successfully, your head will be cleared to focus on the bigger purpose. This is a small win for you.
- Build a passive-income generator. This is the bigger purpose I was talking about earlier. Do something or build something that allows you to generate income day in and day out without you having to spend time on it at all. Build a business that can do this for you and most importantly, it must be sustainable. This might take years. Once this passive income generator of yours is working great and stabilised, you can have the luxury to slowly phase yourself out from Step 1 earlier. I would say this is a significant win for you if you can achieve this.
- Live within your means. I don’t have to lecture you about this.
- Be a good servant to your Creator. It is HE who’s going to make your dream here a reality. Sincerely seek forgiveness and pray for HIS blessings on this journey of yours.
Whatever you do, remember this—don’t rush the process. Do not seek any shortcuts whatsoever. Stay true to the journey and embrace the naturality of the timeline. The results shall come.
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